Page 100 - Ether News Today

As promised during his campaign to run for Mayor, Eric Adams will be converting his first paycheck from US Dollars to Bitcoin and Ether through Coinbase, the largest cryptocurrency exchange in the US.

Bitcoin continues to hold support above $40,000 (roughly Rs. 30 lakh) despite little momentum over the past two consecutive days as the crypto market struggles to cope with market factors.

Crypto.com was breached by hackers, leading to major loss of funds stored in Ether. While an investigation has been initiated in the case, CEO Kris Marszalek claims to have hardened its security infrastructure following the hack attack. Details on the type of hack remains unknown.

A solo Ethereum miner appears to have struck a jackpot of sorts after mining a single Ethereum block that netted them a reward that amounts to $540,000 (roughly Rs. 4 crore).

While Tether and USD Coin managed to register gains; Bitcoin, Ether, Shiba Inu, and Dogecoin continue to be affected by market pressure.

Despite signs of recovery over the past week, both Bitcoin and Ether have begun the week with further dips as the wider crypto market continues to struggle amid extreme volatility. Cardano price surges further.

Along with Bitcoin and Ether, Dogecoin and Shiba Inu also tumbled into dips. Several altcoins however, managed to maintain the green quotient on crypto price charts. The gainers include Tether, Cardano, Polygon, and Chainlink among others.

Sultan Gustaf Al Ghozali, a computer science student from Indonesia’s Semarang sold off a collection of his rather expressionless selfies as NFTs on OpenSea Marketplace. While he was not expecting to see much of sales, NFT enthusiasts bought Ghozali’s selfies collectively earning him $1,041,325 (roughly Rs. 7.73 crore).

Billionaire Shark Tank investor Mark Cuban has once again reinstated his support for the crypto sector. In a recent podcast with comedian Jon Stewart, Cuban revealed that majority of his new investments are on crypto-related ventures. The American business tycoon has predicted a bright future for cryptocurrencies.

After a brief pause, the downtrend in the broader crypto market resumed with Bitcoin and Ether erasing the gains of the previous day after investors began to pull out capital, unwilling to risk further dips.