Cryptocurrency – TradenTalks

Will Mining Die With Ethereum 2.0?

September 17, 2022 Administrator_IndiaEconomic, Forex, Stock, Stock Market0 comment

The crypto community is celebrating the coming of Ethereum 2.0, however, there are also concerns for miners. Since Ethereum has switched to a proof-of-stake model, Ether will no longer be necessary. Due to this, mining machinery will become obsolete, leaving miners with fewer options. Where Will Ethereum Miners Go From Here? The Ethereum mining industry has flourished and thrived just like the Ethereum network. It is worth $19 billion, according to an estimate by crypto research group Messari. After switching to a proof-of-stake model, the mining machinery won’t be required as Ethereum 2.0 will rely solely on the staking of…

Cryptocurrency

Bitcoin collapse wipes off $1 trn in the blink of an eye

January 24, 2022 Administrator_IndiaBitcoin, Cryptocurrency, World0 comment

Bitcoin was last hovering around $35K mark, after falling as low as $34,000 With the blink of an eye, more than a trillion dollars in crypto-market value has evaporated. The jarring downturn that’s been a hallmark of digital assets in recent weeks continued to play out this week and into Saturday, with Bitcoin at one point losing more than 15% during that stretch. The coin, which is the largest digital token, has dropped more than 50% from a recent peak, and many other cryptocurrencies have lost just as much, if…

Cryptocurrency

Litecoin Climbs 12% As Investors Gain Confidence

May 18, 2021 Administrator_IndiaBitcoin, Ethereum, Litecoin0 comment

By Administrator_ India Capital Sands Litecoin was trading at $302.894 by 23:42 (03:42 GMT) on the Investing.com Index on Tuesday, up 12.23% on the day. It was the largest one-day percentage gain since May 5. The move upwards pushed Litecoin’s market cap up to $20.351B, or 0.98% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $279.000 to $307.346 in the previous twenty-four hours. Over the past seven days, Litecoin has seen a drop in value, as it lost…

Cryptocurrency

Ethereum Climbs In Bullish Trade

May 12, 2021 Administrator_IndiaBitcoin, Bullish Trend, Ethereum, Trading0 comment

By Administrator_ India Capital Sands The move upwards pushed Ethereum’s market cap up to $490.91B, or 19.37% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $479.29B. Ethereum had traded in a range of $4,151.39 to $4,238.94 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a rise in value, as it gained 26.44%. The volume of Ethereum traded in the twenty-four hours to time of writing was $51.25B or 21.87% of the total volume of all cryptocurrencies. It has traded in…