After a brief price decline, the king of altcoins has recovered to recapture its lost price level. Following a drop in price on August 19, Ethereum has rallied again to return to the previous $1,700 value as activities on the network stabilize. Meanwhile, the number of active ETH wallets is increasing as the community anticipates…
Canada’s OSC (Ontario Securities Commission) has released a statement warning citizens about crypto exchanges. According to the report, the securities commission noted that some crypto exchanges in the country were unlicensed to offer securities. Among the companies are three KuCoin-related firms. Meanwhile, the latest warning from the OSC is part of its drive and mission…
The king of crypto and the broader digital asset market are currently in a downward trend as prices plunge further. Bitcoin’s value has plummeted by over 10% since Friday, August 19. This happened when many liquidations had impacted the more significant crypto market. Data from CoinMarketCap shows that the price decline of Bitcoin has a…
Ethereum’s announcement of its transition to Proof-of-Stake (PoS) from the Proof-of-Work (PoW) protocol did not come as a piece of cheering news for the category of people. The people whose activities are threatened by the upcoming Merge are the Ethereum miners. As a result, the aggrieved miners are called the ETHPOW group. The ETHPOW group…
Since the inception and growth of BTC, various BTC supporters have stated that it would overtake Gold in terms of value. Meanwhile, the market has been pretty rough for Bitcoin as its market valuation fell out of the top ten earlier this year. However, reputable cryptocurrency experts have upheld that the prediction of BTC overtaking…
The Ethereum network is leaping for the upcoming merge in September. This merge would mark Ethereum’s transition from the PoW consensus mechanism to the PoS. Meanwhile, as the crypto community awaits the Merge, several players in the industry are making plans. Among them is the popular protocol, Chainlink. Chainlink Will Not Support Forked Versions Of…
A panel of crypto industry professionals predicts that Cardano’s price will skyrocket to $2.93 and $6.53 by 2025 and 2030, respectively. However, analysts estimate that the coin will trade at only $0.63 by the end of 2022. As per statistics from CoinMarketCap, the coin is trading at about $0.436. By December, the coin may still…
A hacker made a reentrancy attack recently against the beta version of the NFT money market, OMNI protocol. However, the attacker took 1,300 ETH in OMNI’s internal testing funds, not actual money. OMNI Protocol Is Victim Of Latest Hack A breach on the NFT system, OMNI, resulted in a loss of about 1,300 ETH. The…
According to recent reports, Axie Infinity has relaunched its Ronin bridge with some added features. The platform said it conducted three different audits before reopening the bridge. The co-founders of the popular dApp announced the bridge’s reopening on Twitter. They also showed commitment to ensuring users get back their lost funds. Ronin Bridge Relaunch Features…
Popular online commerce mogul eBay has acquired an NFT Marketplace, KnownOrigin. This is part of the company’s expansion into the NFT industry. The Uk-based NFT platform, KnownOrigin, was created in 2018. The platform allows content collectors and creators to sell and buy digital collectibles. Although the report declared it a “leading” marketplace, an analysis of…
The financial markets reacted quickly to the historic move on Russia invading Ukraine. Ethereum lost 10% of its price overnights, declining beneath the $2,500 mark. Vital support areas – $2,200 and $1,900 Vital resistance zone – $2,500 The ongoing broad market sell-off had Ethereum violating the support of $2,500. That opened the road for a…
The price analysis data surrounding ETH Fan Token (EFT) shows that the investors have lost interest in its accumulation in the past 24-hours. Due to the lack of interest, the investors have started pulling out on their accumulations for ETH Fan Token. As mass-selling has been initiated by the investors, ETH Fan Token has moved…
As of now, Ethereum (ETH) seems to be having a hard time in terms of going above the $2,652 per ETH figure. It is a strong resistance mark for ETH and the investors are finding it hard to push ETH’s price higher. For now, it seems that the bears are much stronger against the bulls…
Overall the crypto market along with its economy remained bullish for the entire 12 months of 2021. While there were phenomenal value gains for each and every single cryptocurrency and stablecoin, yet there were subsequent changes in rankings that came after the increase and decrease of the market capitalization of the top ten cryptocurrencies. At…
At the time of writing, Ether’s (ETH) price is at $4,086.60, which is a good signal for the investors. According to technical price analysis for ETH, it has grown by 3.02% in the past 7-days. This means that for an entire week, ETH has continued demonstrating a high trend in terms of its growth. In…
StarkWare, a solutions protocol that currently utilizes Zero-Knowledge for scaling solutions, is set to take its solutions to the next level by developing its Layer 3 network protocol. As of now, the DeFi sector’s solutions for ether scaling problems utilize only layer 1 and Layer 2 networks. Starkware’s attempt at developing the L3 network will…
Briefly – BTC price drags lower, suggesting a retest of 50 weekly Simple Moving Average at $44,778. Ether price seems ready for a 16% breakout. Most assets mimic Bitcoin’s price action. Bitcoin (BTC) presents sideways movements, trapped between weekly MAs. The consolidation affected Ether’s price as the leading altcoin sets a bullish formation, preparing a…
All digital tokens in the top 30 flashed red after the market-wide retracement on Monday that had most investors worried whether the crypto space has already dipped inside a bear market. Ethereum has lost the critical barrier at $4,000 again after losing nearly 11% of its price on 13 December. Today, ETH dropped 5.42% to…
In a recent post, Grayscale Investments, a trusted expert in the digital currency investing and cryptocurrency market, stated that meme coin DOGE has greater exposure in the investing community than Ethereum. The New York-based company is a subsidiary of Digital Currency Group that provides insight and investment exposure to the digital currency asset class. Through…
After Tuesday’s mixed sessions, Bitcoin requires a move past $51,500 to expose levels past $53,000. In this Bitcoin’s technical analysis, we will evaluate price actions from yesterday and today, Fibonacci’s, pivot levels, resistance, and support. Moreover, we will explore the global market moves and any vital market drivers. Bitcoin’s Yesterday Price Moves Bitcoin (BTC/USD) surged…
