Genesis braucht nach eigenen Angaben noch mehr Zeit, um einen Wiederherstellungsplan zu erarbeiten.
EZB-Direktoriumsmitglied schlägt Verbot von Token mit „erheblichem ökologischen Fußabdruck“ vor
Die EU hat zuvor ein vollständiges Verbot des Krypto-meinen abgelehnt, aber das Gesetz für Märkte in Krypto-Assets könnte Firmen dazu verpflichten, mögliche Umweltauswirkungen zu melden.
Kursanalyse, 8. Dezember: Bitcoin (BTC), Ethereum (ETH), BNB (BNB)
Die aktuelle Schwäche bei BTC und den größeren Altcoins zeigt, dass die Anlegerstimmung immer noch negativ ist und Bären auf den höheren Niveaus aktiv sind.
Litecoin price comeback stalls as hashrate nosedives
Litecoin price recovery stalled this week after defying gravity amid the ongoing crypto sell-off. LTC retreated to a low of $75.60, which was a few points below this month’s high of $84.47. It remains about 60% from the lowest level in November.
LTC hashrate slumps
Litecoin has been in a strong bullish trend in the past few months as demand for the coin remained at an elevated level. Its rally was surprising because of the performance of Bitcoin, Ethereum, and other large-cap cryptocurrencies. For example, BTC has remained slightly above the year-to-date low of $15,400.
Litecoin’s rally coincided with the strong performance of its hashrate. In November, the hashrate rose to an all-time high of 633 TH/s, which was higher than this year’s low of 328 TH/s.
Hashrate is an important data in proof-of-work cryptocurrencies because it helps to measure the health of the network. It is used to determine the number of guesses that are made in the network per second.
This week, however, Litecoin price has dropped amid rising concerns about the crypto and stock market. The decline is notable since it happened because of the dropping hashrate. According to Coin Wars, the hashrate has dropped to 537, the lowest level since November 21.
Why LTC is dropping
There are other reasons why LTC has dropped. First, it has declined because of profit-taking in the coin since it rose by over 65% from its lowest point in November. This is a common situation across the broader market.
Second, it slumped because of macro levels. On Friday, data by the US showed that the American economy added over 282k jobs in November. In the same period, the unemployment rate remained at 3.7%.
And on Monday, data showed that the American services sector remained in an expansion level. Therefore, investors believe that the Federal Reserve will likely continue hiking interest rates in the coming months.
Third, it seems like most crypto investors have reached panic levels, pushing them to sell their coins. The evidence is that the number of Bitcoins in exchanges has dropped sharply in the past few weeks.
While some of these coins have moved to external wallets, data suggests that the number of coins in self-storage has not grown by much. This suggests that investors are still fearful about the crypto market. Indeed, the crypto fear and greed index has slumped to the fear level of 23.
How to buy Litecoin
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
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EOS price surges after listing of EOS/USDT on Binance
Today, the EOS price has been rallying after the EOS ecosystem achieved a major milestone with the listing of EOS/USDT on Binance.
KEY TAKEAWAYS
- The new listing allows users to seamlessly transfer USDT in and out of the EOS network.
- It also exposes the EOS ecosystem to a huge economic activity.
- At press time, EOS was trading at $0.9908, up 5.60% in the past 24 hours.
Binance is currently the world’s largest cryptocurrency exchange and the listing of EOS/USDT offers a great opportunity for the greater EOS ecosystem. EOS users will be able to seamlessly transfer USDT in and out of the network without having to convert their USDT to EOS or use a third-party bridge.
EOS/USDT on Binance
Besides seamless transfers, the listing of EOS/USDT on Binance will also boost other EOS initiatives such as Yield+, which is a platform that offers yield incentives to EOS DeFi applications based on the value of EOS and USDT locked into their protocols. It will also make it easier for project teams building on EOS to compensate workers using the USDT stablecoin.
In general, the listing is a testament to the progress the EOS network has made in the competitive landscape of Web3 and is likely to promote EOS to become a go-to network for USDT transactions.
EOS price
The EOS price has been on a steady rise since the news broke out amid a wider crypto market recovery.
According to data from Coingecko, the price of EOS had dropped by about 12.3% in the past 30 days and the current recovery is a major boost to the EOS ecosystem.
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