Tag: ethereum

Oct 23 2020

22nd October: Bitcoin Slows down, Ethereum Picking up

On Thursday, 22nd October, Bitcoin slowed down its rising pace, having added $243 by 17:00 UTC. BTC/USD was mainly trending sideways during the day. The pair began the day at $12,835 and edged slightly down below the level of the open in the first five hours of the day, forming a local support level at $12,728.

PayPal Announces Cryptocurrency Support

On the 21st of October, PayPal announced the release of a new service which will allow users to engage with cryptocurrency. PayPal, in an official statement, says users will be able to hold, buy, and sell cryptocurrency directly from their account. PayPal also plans...

Oct 22 2020

Filecoin – The new decentralized cloud service

Filecoin is a decentralized cloud service for public data with smart contract storage opportunities Filecoin is a B2B and B2C decentralized storage network whose goal it is to reinvent the public data storage market. It was invented by Protocol Labs, an open source laboratory. The first...

Ethereum Price Breaches Pivotal Resistance Level—And That’s Big for Bulls

Oct 22 2020 Published at Bitcoinist.com under tags  ethbtc ethereum ethereum price ethusd

It's been a good day for the crypto market, with Bitcoin, Ethereum, and altcoins posting strong gains. The two leading crypto-assets have gained approximately 8% each over the past 24 hours, which is the best performance in many weeks. Ethereum is expected to move higher as fundamental and technical trends align. One crypto-asset trader pointed to the significance of Ethereum's recent move higher....

Oct 21 2020

Gnosis Safe Released on xDAI Chain

Gnosis Safe Multisig, one of the most secure ways to manage crypto funds announced its availability on xDai Chain on October 20. According to the Twitter announcement, Gnosis Safe will support safe, secure transactions, and asset management for both individuals as well as teams. The Gnosis Safe interface has been made compatible with xDai because Gnosis plans to leverage it as a Layer...

Hold ETH or Buy NFTs? Understanding Impermanent NFT Loss

Oct 21 2020 Published at Blockonomi under tags  eth ethereum impermanent loss nft nfts

"Media lego" non-fungible tokens have surged in popularity in the Ethereum community this year, and among the NFT economy's various sectors the digital fine art arena has been an early star. Why's that? Because NFTs give artists new programmable revenue avenues, and early innovators have taken notice. NFTs can have royalties automatically caked in, so [...] The post Hold ETH or Buy NFTs?...

Bitcoin Surpasses $12,000 and It’s Getting Closer to Its Previous High

Bitcoin (BTC) was able to surpass $12,000 once again after bulls were able to break a key resistance level. Nonetheless, this is a very difficult region for Bitcoin. […]

On-Chain Ethereum Trends Favor Bulls Despite 5% Drop From Local Highs

Oct 21 2020 Published at Bitcoinist.com under tags  ethbtc ethereum ethereum price ethusd

Santiment, a blockchain analytics firm, recently shared that Ethereum's NVT is still "bullish" The NVT is the network value to transaction ratio, which is seen as a price-to-earnings ratio for blockchain networks. Data also shows that investors are accumulating ETH en-masse, with coins leaving exchanges at a rapid clip. Ethereum...

Oct 20 2020

Ether Price Analysis – 3 things to know before 2021

Oct 20 2020 Published at CryptoTicker under tags  2020 crypto ether ethereum ethereum 2.0

Ether is still a much-undervalued cryptocurrency, especially before the launch of ETH2.0. The year 2020 was a good year for the coin that brings "Smart Contracts", a much-needed element in today’s world....

How This DOJ Strike Force Hunts Down Cryptocurrency Criminals

Oct 20 2020 Published at Unchained Podcast under tags  2020 bitcoin blockchain crime crypto

Magistrate judge Zia Faruqui, and Jessi Brooks, assistant U.S. attorney in the national security section at the United States Attorney’s Office, have prosecuted several cryptocurrency-related cases, many of them amongst the most well-known. In this episode, they talk about: how they came to be involved in the prosecution of so many cases...

Ethereum Price Forecast: ETH Loses Steam As Reversal Looms, Eyeing $340

Oct 20 2020 Published at Coingape under tags  altcoin news ethaud ethbkrw ethbrl ethbtc

Ethereum is hammering at the resistance highlighted by the ascending triangle and the $380 zone. A breakdown cannot be ruled out because of the formation of the triangle pattern. The smart contract token seems to have hit pause at $380...

On-Chain Data Shows Mass Accumulation Among Ethereum Investors

Oct 20 2020 Published at Bitcoinist.com under tags  ethbtc ethereum ethereum price ethusd

Ethereum has gained a few percent since the lows of last week. The coin currently trades for $380 but peaked earlier today at $385. This price action has been underscored by reports that mass Ethereum accumulation has been taking place. Leading crypto analytics firm Santiment reports that ETH is leaving exchange wallets en-masse, suggesting accumulation and long-term confidence. The firm recently wrote:...

Oct 19 2020

New paradigm: Ethereum fees regularly surpass Bitcoin, and it’s good for ETH

Oct 19 2020 Published at CryptoSlate under tags  adoption analysis ethereum

Fees on the Ethereum blockchain network are consistently surpassing Bitcoin and industry executives say it could spark a “new paradigm.” Cole Kennelly, who heads growth at Staked, institution-focused decentralized finance (DeFi) firm, said: “ETH fees are consistently materially higher than $BTC fees. A new paradigm.”...

Bitcoin And Crypto Market Roundup For The Week Gone By

Oct 19 2020 Published at Bitcoinist.com under tags  bitcoin ethereum trade

Bitcoin has shown resilience over the past week, holding firm above the newly conquered $11,000 level as cryptocurrency exchange OKEx suspends withdrawals, sending a tremor through the market. Despite falling three percent as the news hit,...

Fundamentals Behind Bitcoin and Ethereum Couldn’t Be Better Says Analyst

The fundamentals behind Bitcoin (BTC) and Ethereum (ETH) couldn’t be better. This is according to Konstantin Anissimov, the Executive Director of CEX.IO. During a conversation with UseTheBitcoin, he […]

Oct 18 2020

3 Trends Show Ethereum Is On Track For Strong Growth in 2021

Ethereum has undergone a strong drop from its year-to-date highs at $490. The coin currently trades for $375, around 25% below those highs. At the worst of the correction last month, the coin was down even further. Ethereum remains bullish on a long-term basis as long-term trends favor bulls, analysts say. One trader recently shared a...

Once popular SAFE/COVER token on Ethereum plunges 62% after community outrage

Oct 18 2020 Published at CryptoSlate under tags  analysis defi ethereum

The COVER token, originally called SAFE, relaunched after an initial dispute among within founding team. The relaunch of the token garnered attention after it announced Yearn.finance (YFI) creator Andre Cronje as an advisor. Yet, the Ethereum decentralized finance (DeFi) token has seen criticism from the community after it fell 62% due to...

Oct 17 2020

The Crucial Level to Watch as Ethereum Prepares to Shoot Toward $700

Oct 17 2020 Published at Bitcoinist.com under tags  ethbtc ethereum ethereum price ethusd

Ethereum topped out dramatically in August when it hit $490, then crashed. The coin currently trades for $370, 25% below those highs. Analysts think that Ethereum could soon shoot higher as the macro trend remains bullish. ETH will need to hold a crucial support level in the $300 range, then decisively surmount the year-to-date highs around the high-$400s. Institutions are getting bullish alongside...

Can Ethereum Price Reach $10,000 Thanks to ETH 2.0?

Let's first look at the history of Ethereum. According to Coinmarketcap, the average highest price ever reached by ETH was $1,432 on January 13, 2018. At its peak, the digital asset had a market capitalization of $137 billion. If each ETH coin was worth $10,000 right now, the market capitalization would be around $1.13 trillion, which might sound ridiculous considering Bitcoin's highest market...

Historically Accurate Analyst Thinks Ethereum Will Slide Lower

Oct 17 2020 Published at Bitcoinist.com under tags  ethbtc ethereum ethereum price ethusd

Ethereum has strongly outperformed Bitcoin over the past few months. The leading altcoin has pushed higher on the back of an influx of buying demand due to trends in the decentralized finance space, along with investors realizing that it was relatively undervalued to BTC. This rally allowed the Ethereum-to-Bitcoin pair to push higher, meaning that each ETH bought users more...

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