Ethereum blockchain set for ‘monumental’ overhaul | CryptoNews

Ethereum blockchain set for ‘monumental’ overhaul |  CryptoNews

Cryptocurrency experts say the changeover, expected to take place between Tuesday and Thursday, will slash energy consumption by more than 99 percent. An army of computer programmers scattered across the globe is set to attempt one of the biggest software upgrades the crypto sector has ever seen this week to reduce its environmentally unfriendly energy … Read more

Ethereum blockchain set for ‘monumental’ overhaul | Crypto News

Ethereum blockchain set for ‘monumental’ overhaul |  CryptoNews

Cryptocurrency experts say the changeover, expected to take place between Tuesday and Thursday, will slash energy consumption by more than 99 percent. An army of computer programmers scattered across the globe is set to attempt one of the biggest software upgrades the crypto sector has ever seen this week to reduce its environmentally unfriendly energy … Read more

Ethereum is the ‘most valuable asset in the world,’ and now it’s just a waiting game – Ether Capital CEO

Ethereum is the ‘most valuable asset in the world,’ and now it’s just a waiting game – Ether Capital CEO

(Kitco News) With the crypto space zeroing in on the Ethereum Merge, which is just three weeks away, many are looking at the long-term investment picture, and for some, Ethereum is emerging as the top asset. “I see it as the most valuable asset in the world. It’s now just a waiting game and watching … Read more

Bitcoin price has hit bottom; coldest days of Crypto Winter are over – Ran Neuner and Steven Sidley

Bitcoin price has hit bottom;  coldest days of Crypto Winter are over – Ran Neuner and Steven Sidley

With Bitcoin’s price bottoming below $20K in June, the worst days of the Crypto Winter are over, according to Ran Neuner and Steven Sidley, who joined Kitco’s Editor-in-Chief and Lead Anchor, Michelle Makori, in a panel discussion. “We’ve hit the crypto bottom,” said Neuner, Host of Crypto Banter, a popular crypto-themed podcast. “Crypto suffered one … Read more

Mark Cuban accused of operating a ‘Ponzi Scheme’ with Voyager Digital

Mark Cuban accused of operating a ‘Ponzi Scheme’ with Voyager Digital

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Billionaire investor and Dallas Mavericks owner Mark Cuban has been named in a class-action lawsuit alongside the bankrupt crypto brokerage … Read more

Hackers steal $611,500 worth of user’s funds by hijacking the Curve Finance homepage

Hackers steal 1,500 worth of user’s funds by hijacking the Curve Finance homepage

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Hackers continue to search for weaknesses in popular decentralized finance protocols, and Curve Finance is the latest platform to fend … Read more

US announces sanctions against currency mixer Tornado Cash | Money Laundering News

US announces sanctions against currency mixer Tornado Cash |  Money Laundering News

The US accuses the virtual currency mixer of laundering millions of dollars stolen by hackers backed by North Korea. The US Department of the Treasury has announced sanctions against the virtual currency mixer Tornado Cash, which it claims has helped launder more than $455m for the Lazarus Group, a hacking organization associated with the North … Read more

Bitcoin to surge to $500k in next 5 years, says billionaire Mike Novogratz

Bitcoin to surge to 0k in next 5 years, says billionaire Mike Novogratz

(Kitco News) Despite the ongoing bear market in crypto, Bitcoin is still heading to $500,000 in the next five years, said Galaxy Digital CEO Mike Novogratz. While many analysts debate whether the recent shift in sentiment in the crypto space is a fleeting one, bullish voices are starting to get more prominent, with Novogratz forecasting … Read more

Bitcoin’s production cost falls to $13k and that could be bad for the price, says JPMorgan

Bitcoin’s production cost falls to k and that could be bad for the price, says JPMorgan

(Kitco News) The production cost for Bitcoin dropped by $7,000 to $13,000, which could lead to lower prices, according to a report by JPMorgan Chase. It is estimated that Bitcoin’s cost of production fell from $20.00 at the beginning of June to $15,000 at the end of the month and then to $13,000 as of … Read more

Is Bitcoin’s selloff over? One veteran trader issues this warning after predicting the 2018 crypto crash

Is Bitcoin’s selloff over?  One veteran trader issues this warning after predicting the 2018 crypto crash

(Kitco News) Despite steadying around the $20,000 level, Bitcoin might not be done with its dramatic descent, according to one veteran trader. Famous trader and author with nearly 700k followers on Twitter, Peter Brandt, issued a warning on Bitcoin, indicating that the world’s largest cryptocurrency could have more to fall. “When it looks like a … Read more