Author: Richard Cornet

Ethereum Price Prediction – ETH Bounces 12% From Recent Lows, How High Can it

The ethereum price has risen to $1,216.65, marking a 12% increase from lows recorded on Thursday, when the FTX collapse caused a major market selloff. Its current price also represents a 2% rise in the past 24 hours, although the second-biggest cryptocurrency has fallen by 20% in the last 14 days as its ongoing upgrades struggle to counteract ongoing pessimism. Despite the negativity of the past few months, ETH holders have plenty of reason to be optimistic. Ethereum remains the biggest layer-one blockchain in terms of total value locked in, while the positive effects of its shift to proof-of-stake...

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Abu Dhabi Establishes Crypto Committee

The Middle Eastern nation of Abu Dhabi has established a government body to develop a strategy for regulating and promoting digital assets. Abu Dhabi has become one of the known crypto hubs approving the license of several branches of digital asset firms. In late August, the Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its inaugural meeting, chaired by Mohamed Ali Al Shorafa, the chairman of the Abu Dhabi Department of Economic Development and chairman of the Securities and Commodities Authority (SCA). The Committee is set to oversee crypto regulation and promote the digital...

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Bitcoin Falls Suddenly Sending Market Into Uncertain Territory

Bitcoin has experienced a sharp fall on the day with a 7.2% slide to its current price of $21,500. As much as an 8% price reduction was seen earlier. Practically the entire crypto market has followed suit. The yoyo that is crypto continues to bounce around in the midst of extremely uncertain macroeconomic times. The rally that had begun at $17,500 was making steady higher highs and higher lows. However, this morning’s fairly emphatic dump has sent the market into the jitters territory again, and all are wondering if the strong support of the 200 weekly moving average will be held by the end...

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Schwab Asset Management to List Crypto ETF on NYSE

Finance giant Schwab Asset Management (SCHW) said its first crypto-related exchange-traded fund (ETF) will be listed on New York Stock Exchange Arca from Aug. 4. The ETF will trade under the ticker STCE and will track Schwab’s Crypto Thematic Index, the company said in a press release. Unlike ETFs that track a basket of digital assets, Schwab’s will provide investors with exposure to companies that may benefit from the development or utilization of cryptocurrencies. The fund will track companies that may benefit from validating consensus mechanisms and crypto mining...

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