Crypto

The prices of bitcoin, ether and other cryptos continue to trade higher. Latest rates

Bitcoin price rose today to continue trading above the $19,000 level. The world’s largest and most popular cryptocurrency was trading more than a percent higher at $19,408. The global crypto market cap is back below the $1 trillion mark today, as it rose more than 1% in the past 24 hours to $1.03 trillion, according to CoinGecko.

On the other hand, Ether, the coin linked to the Ethereum blockchain and the second largest cryptocurrency, also gained around 1% to $1,641. Ethereum is transitioning to proof-of-stake for its consensus protocol. The latest Ethereum network upgrade, known as Bellatrix, was activated on September 6, 2022. The next step after Bellarix will be the Paris upgrade, which starts miners to complete the merger. This update should happen next week.

Meanwhile, the price of dogecoin was trading up more than one percent today at $0.06, while Shiba Inu gained slightly at $0.000012. Current performance of other crypto prices also improved as Chainlink, Apecoin, XRP, Uniswap, Binance USD, Polkadot, Tether, Litecoin, Avalance, Solana, Cardano, Stellar, Tron, Polygon prices were trading with gains in the past 24 hours.

Firms that facilitate transactions in the cryptocurrency market must register with the U.S. Securities and Exchange Commission (SEC), just like other market intermediaries, the agency’s chairman said Thursday. .

Gary Gensler said crypto market intermediaries provide a range of SEC-regulated functions, including as an exchange, broker, clearing agent and custodian, and should be registered accordingly, Reuters reported.

In other news, Bitcoin mining revenues have fallen to the lowest in about two years as competition increases while prices fall and energy costs soar. The hash price index, which indicates the value of mining revenue per unit of computing power, fell to about 7.7 cents for every terahash, the lowest since September 2020, according to data from the mining services company. Luxor Technologies crypto mining.

Bitcoin miners use powerful computers to compete to be the first to come up with a solution to validate transactions encrypted by the Bitcoin network and earn a reward in the form of newly minted tokens. However, these rewards are limited and the more competition there is on the network, the less rewards each miner will receive.

(With agency contributions)

Catch all the trade news, market news, breaking news and latest updates on Live Mint. Download the Mint News app to get daily market updates.

More less

To subscribe to Mint Bulletins

* Enter a valid email

* Thank you for subscribing to our newsletter.

Post your comment

.

#prices #bitcoin #ether #cryptos #continue #trade #higher #Latest #rates #Crypto

Related Articles

Back to top button