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Altcoins News
UBS raises US recession odds to 60%, but what does this mean for crypto prices?
On Aug. 30, global investment bank UBS increased its view on the risk of the United States entering a recession within one year to 60%, up from 40% in June. According to economist Pierre Lafourcade, the latest data showed a 94% chance of…
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For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020 – Altcoins Bitcoin News
In 43 days, the Ethereum network could finally see a full transition from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. Meanwhile, during the last 38 days, Ethereum’s layer one (L1) onchain transaction fees have dropped…
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Bitcoin reaches ‘short squeeze’ trigger zone as BTC price nears $20.4K
Bitcoin (BTC) regained some lost ground at the Aug. 29 Wall Street open amid talk of an imminent short squeeze.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewShorts lose out in modest squeeze higher for BTCData from…
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Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel –…
With just over two weeks until The Merge, Ethereum network fees have reduced significantly as the average ethereum transfer fee has dropped to 0.00092 ether or $1.37 per transaction on August 28. Median-sized fees have slid to 0.00036…
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Coinbase introduces its liquid staking token ahead of the Merge
Crypto exchange Coinbase has launched Ethereum liquid staking token ahead of Ethereum’s migration to a proof of stake protocol.
Coinbase, one of the leading crypto exchanges in the world, announced via a tweet on Wednesday, August…
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US stocks lose $1.25T in a day — more than entire crypto market cap
Bitcoin (BTC) and altcoins lost big on Aug. 26 after the United States Federal Reserve delivered hawkish remarks on economic policy.Across the board, risk assets took a major hit — U.S. equities shed around $1.25 trillion in a single…
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Bear market uncertainty is the perfect time to build and learn, says Sato exec
The decisions made by companies during bear markets play a pivotal role in determining their longevity in the crypto ecosystem. Representing Canadian Bitcoin (BTC) mining firm Sato Technologies, COO Fanny Philip revealed what it takes to…
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XRP price pumps and dumps amid mysterious $51M whale transfers — What’s next?
XRP price saw a major spike on Aug. 26, hinting at a possible effect from some big traders.Large XRP transfers, Ripple Swell Global eventNotably, XRP's price jumped 6% to $0.37, a two-week high, during the early London hours. The token's…
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Ethereum breaks below $1,600 as crypto mirror falling stocks
Ethereum (ETH) price fell alongside other cryptocurrencies and equities following hawkish remarks by the US Federal Reserve Chairman Jerome Powell.
By the close of stock markets Friday, Ethereum was down 9%, near $1,555 per token with…
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Decentralization for the win? – Cointelegraph Magazine
“The collapse of crypto shadow banks like Celsius demonstrated just how problematic centralized, opaque finance can be,” says Sunny Aggarwal of Osmosis DEX. Centralized finance platforms have taken a huge credibility hit due to poor risk…
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