Blog: Ethereum World News

Quick take: The amount of Ethereum locked in DeFi has dropped by 2.23 Million ETH since mid-November The current amount of ETH locked in DeFi is 6.7M compared to 8.929M in mid-November The drop coincided with ETH staking on ETH2.0 Staking on ETH2.0 might be a safer alternative to DeFi where rug pulls and flash loans are normal The amount of Ethereum locked...

Quick take: The month of November saw 19.6 million active Bitcoin addresses This amount is Bitcoin's third-highest in its history A higher number of active Bitcoin addresses was only witnessed in December 2017 and January 2018 Such a high number of active addresses points towards increased adoption of Bitcoin High network activity on the Bitcoin blockchain is a confirmation of a bull season...

Quick take: Willy Woo has forecasted that Bitcoin could hit $200k by the end of 2021 However, he views this as a conservative estimate and Bitcoin could very well reach $300k Mr. Woo also pointed out that majority of Bitcoin investors got in at around $7,456 Depletion of Bitcoin on spot exchanges will ultimately lead to Bitcoin increasing in value Veteran Bitcoin analyst,...

Quick take: The number of Ethereum addresses holding one or more ETH has hit a new all-time high of 1,174,377 The increase is due to the progress of ETH2.0 and the potential of staking Ethereum The popularity of DeFi is also behind the increment of addresses holding at least one ETH The value of ETH has rebounded from yesterday's sell-off and is attempting...

Quick take: XRP has formed a symmetrical triangle on the 6-hour chart A resolution of this triangle could result in XRP retesting the $0.72 to $0.80 level XRP could break past $0.80 if there is enough momentum However, XRP might only have till December 12th to remain in bullish territory, at least in the short-term High probability of a selling frenzy once the...

Quick take: Total value locked in DeFi has risen by 2,000% in 2020 January had a total value locked of $0.67B compared to the current level of $14.74B The total value locked will soon break $15 Billion DeFi tokens have also experienced a bounce in the month of November This might be the beginning of a new market phase of growth for DeFi...

Quick take: Yesterday, John Bollinger had cautioned that Bitcoin's attempt at $20k is a classic top setup Bitcoin has since dropped from $19,900 to $18k in a flash crash The 50-day moving average seems like a good area for a bounce Other macro support zones lie at $16,300, $15,600 and $14,800 Late yesterday, the inventor of the popular charing tool of Bollinger Bands,...

Quick take: Binance and Coinbase have announced their intention to launch ETH2.0 staking Staking on Coinbase will be launched in early 2021 ETH2.0 Staking on Binance will start tomorrow, December 2nd, with participants receiving BETH: a token redeemable with ETH when ETH2.0 launches ETH2.0 staking will most likely be a common feature on other exchanges The crypto exchanges of Coinbase and Binance have...

Quick take: The Flare Networks snapshot will be on December 12th, 00:00 UTC The easiest way to participate is to have your XRP in an exchange that supports the event Secondly, you can have your XRP in a wallet that supports the snapshot You can also participate by manually going through the process using an Ethereum wallet The distribution of Spark Tokens (FLR)...

Quick take: Positive twitter comments related to Bitcoin are near a 6-month high The last time the sentiment was this high, was during the Bitcoin halving in May This is the fourth time Bitcoin's Twitter sentiment has been at these levels since 2017 This is despite the recent dip to $16,300 levels High Bitcoin sentiment could be another sign of a possible top...

Quick take: The XRP army has been targetted once again by scammers As with previous XRP scams, they promise community incentives and support for XRP holders The scammers are attempting to dupe XRP holders using Ripple-like websites and emails Ripple has requested XRP holders to be on the lookout for such fraudsters Ripple has not endorsed any XRP giveaway Fraudsters are once again...

Quick take: According to crypto analyst MagicPoopCannon, Ethereum could be on a path to test $750 If $750 is broken, Ethereum could very well push higher to $830 His analysis is based on Ethereum moving within a parallel channel since February this year Ethereum will continue facing pullbacks but a retest of its all-time high is possible The month of November is quickly...

Quick take: XRP's Google search interest is back to early December 2017 levels Interest in the remittance coin has been primarily due to the Flare Networks snapshot The snapshot will occur on the 12th of December and will be supported by several major exchanges FOMO could kick in leading up to the snapshot causing XRP to push above the recent high of $0.78...

Quick take: Bitcoin whales holding more than 1,000 BTC sold their bags at $19,300 11 of such whales sold enough to no longer be in the 1,000+ coin list Selling by whales is usually a tell-tale sign of a possible top A pull-back to the 50-day MA is possible before another push up by Bitcoin Bitcoin (BTC) whales owning 1,000 or more coins...

Quick take: Tether's market cap is now at $19 Billion It took 9 days for its market cap to gain from $18 Billion to $19 Billion Early 2020 found its market cap at $4 Billion and an increment of $1 Billion took close to a month XRP has regained its number 3 spot but Tether could once again reclaim the spot Tether could...

Quick take: Justin Sun announced the launch of wrapped Ethereum on the Tron Network The token goes by the ticker of ETHTRON The Wrapped Ethereum injects ETH's value on the Tron network It is available on Poloniex and redeemable on a 1:1 ratio with actual Ethereum The digital asset of Ethereum is now available on the Tron (TRX) Network. The project's founder and...

Quick take: Ethereum investors continue sending ETH to the ETH2.0 staking contract This is despite the minimum threshold of 524,288 ETH been met 775,232 ETH is currently locked in the contract which is 148% of the required amount According to Weiss Ratings, the high deposits means everyone wants to get onboard Continual deposits is a clear sign of investor confidence in Ethereum The...

Quick take: Chainlink is once again at the $12 support zone This support area coincides with where the 50-day moving average currently lies According to MagicPoopCannon, if this area holds, ChainLink could very well restest its recent all-time high of $20 Conversely, ChainLink losing this area as support could result in a drop to $7.40 The digital asset of ChainLink is once again...

Quick take: Professor Nouriel Roubini has classified Bitcoin as the most manipulated asset ever This is after BTC dropped hard from $19,400 to $16,300 He explained that retail traders were hoodwinked by whales and 'shafted as in 2018' Timothy Peterson agrees that Bitcoin is manipulated According to Professor Roubini, investing in Bitcoin is like taking your portfolio to a rigged casino Bitcoin's Dr....

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