Amid the incessant bear market, whales appear to be waking up from their slumber to move their ETH holdings that were untouched for about four years. According to the blockchain security company Peckshield Alert, large amounts of ETH were transferred on December 18th by two addresses that have remained dormant since October 2018. Dormant ETH Wakes...Read More
Ethereum has been showing significant strength in recent days, causing the price to trade within a decisive pennant pattern. This pattern indicates the possibility of the price rising above $1300 or falling below $1100. Despite a drop in volume, the volatility remains high, suggesting a potential slight price increase in the short term, followed by...Read More
Will Bitcoin Price Make it to $18,500 This Month? The trade setup of the BTC price displays it to be in a decisive phase, where both the possibilities of a notable jump and a minor pullback may be expected. The price may either rise beyond $18,500 to reach $19,000 or else drop hard to test...Read More
The company plans to hire more engineers despite the intense bear market. Aztec Network – a privacy layer 2 chain for Web3 – announced raising $100 million in a Series B financing led by VC giant Andreessen Horowitz (a16z). The funding round also saw participation from A Capital, King River, Variant, SV Angel, Hash Key,...Read More
The crypto space is again bleeding, now with the fresh FUD over the world’s largest exchange Binance. Meanwhile, Bitcoin price is displaying some strength, as Ethereum price has slid down slightly. However, the spotlight was on Binance Coin(BNB) which slumped hard by nearly 20% since the early trading hours. However, the circulating Binance FUD is...Read More
The Ethereum non-custodial wallet – MetaMask – joined forces with the payment provider PayPal to enable customers to purchase and transfer Ethereum (ETH). The service will initially be available only to US users. MetaMask announced on Twitter that its clients will be able to purchase and transfer Ethereum (ETH) via PayPal. The offering will reach...Read More
Ethereum’s price has plateaued for a week with reduced volatility and volume. Ever since the Merger, the ETH price has been trading within a descending trend, forming constant lower highs and lows. The Merge has however failed to induce the required momentum due to which the XRP price remained largely bearish. However, in the meantime,...Read More
Huobi Research, an affiliate of Huobi Global, estimated in its Global Crypto Annual 2022-2023 Report that the prices of bitcoin and ether will start surging after the first quarter of 2023. Until then, they might find a bottom at $15,000 and $1,000, respectively. The company touched upon the FTX’s meltdown, describing it as “one of...Read More
The FTX meltdown may have laid the groundwork for an unprecedented shift in user activity from centralized finance (CeFi) to decentralized finance (DeFi), but the total value locked in the services provided by the latter has taken a serious hit. A new report by Dapp Radar suggested that the non-fungible token (NFT) market has not...Read More
Yet another US politician at the center of crypto industry regulation has changed stances on Ether’s legal classification. Senator Cynthia Lummis (R-WY) revealed Wednesday that she now views the second largest cryptocurrency as a security – not a commodity. Bitcoin is the Only Crypto Commodity: Lummis Lummis expressed her changed view on the asset with...Read More
Binance US – the American branch of the world’s largest crypto exchange – has eliminated all Ether (ETH) spot trading fees just six months after doing the same for Bitcoin (BTC) pairs on the platform. The zero-fee model will expand free trading to the platform’s ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD pairs. In a press release...Read More
Jordan Belfort – the infamous stock broker whose story inspired Martin Scorsese’s film “The Wolf of Wall Street” – thinks the only two cryptocurrencies investors should deal with at the moment are bitcoin (BTC) and ether (ETH). He cautioned people should invest only a small amount of their total portfolio in crypto due to the...Read More
Ethereum infrastructure provider ConsenSys has issued a follow-up statement to its privacy policy update that rattled the MetaMask community last month. The firm clarified that it does, in fact, collect users’ IP addresses and wallet information when they make a MetaMask transaction through Infura – but plans to reduce its retention of such data down...Read More
Ethereum co-founder Vitalik Buterin published a blog post on Monday reviewing the development of various blockchain use-cases over the past several years. With years of experimentation now behind the ecosystem, the developer has narrowed down a list of applications that he personally finds most worthy of attention in crypto. Money: The Most Important App Buterin...Read More
On Dec. 4, Vitalik Buterin responded to a question from a popular community member who said they had grown tired of the scammers and fraudsters in crypto after nine years. Crypto is used primarily as a vehicle for speculation at the moment, and that is where fraudsters thrive. The FTX meltdown was caused by a...Read More
Rostin Benham – chairman of the Commodities and Futures Trading Commission (CFTC) – has walked back previous claims that Ether (ETH) and other altcoins should fall under his agency’s jurisdiction. Speaking about the future regulation of crypto following FTX’s bankruptcy, he suggested that only Bitcoin should be viewed as a commodity. Flipping Positions on Ether...Read More
According to a study conducted by Independent Reserve, more than 25% of Aussies are crypto HODLers. Bitcoin remains the most recognizable digital currency, as 90.8% of the participants admitted being aware of its existence. The Latest Figures in Australia The share of Aussies that own crypto assets has slightly shrunk compared to the figures from...Read More
Belgium’s financial regulator does not consider crypto-assets such as Bitcoin (BTC) and Ethereum (ETH) to be securities. The Financial Services and Markets Authority (FSMA) released a statement in which it said cryptocurrencies that are issued solely by computer code do not constitute securities. The regulator’s response comes after receiving an increasing number of questions about...Read More
Ethereum’s price is about to complete a ‘V-shape’ recovery that began after rebounding from the bottom around $1079. Meanwhile, the bears are also very active, attempting to drive down prices. However, the bulls and whales appear to be well positioned, with plans to propel the prices higher very soon. Alongside, the on-chain data flashes bullish...Read More
The entity that drained FTX’s wallets after the fallen exchange filed for bankruptcy continues to move around the funds. Although the Bahamas’ securities regulator claimed it siphoned the funds, the suspicious transactions now are questioning this narrative. The wallet designated as the FTX drainer started moving funds during the weekend, as CryptoPotato reported. A new...Read More
Cryptocurrencies retain the bearish mood into the weekend after a turbulent week, with both Bitcoin and Ethereum slumping. On Saturday, Bitcoin fell beneath $17,000 once more after another development of the troubled FTX surfaced online. Today’s decline in Ethereum’s price kept the currency below $1,300. . Following a carnage week, the markets were given a...Read More
After the FTX collapse, the markets took up the prevailing situation and underwent a notable recovery during the previous day’s trade. The crypto market cap also almost reached the $900 billion mark and in the time when a breakout was close to being accomplished, the rounds of FTX being hacked circulated within the space. The...Read More
Popular crypto exchange FTX’s collapse is crushing and brutally killing the crypto market as the industry continues to flash red. Moreover, FTX’s recent chapter 11 bankruptcy filing may bring more downside spirals and hit the market harder than ever. Multiple cryptocurrencies have lost more than 40% of their value due to the impact that plummeted...Read More
Investment giant Fidelity appears to finally be granting its retail investors access to Bitcoin and Ethereum trading. The $4.5 trillion asset manager has established an early access waitlist for users to trade both assets, bringing potential crypto access to 34 million investors. The service, titled Fidelity Crypto, will also provide investors with beginner-friendly educational resources...Read More
It has been a week since Elon Musk took ownership of Twitter, and he has wasted no time shaking up the struggling social media firm. The subsequent cataclysmic layoffs have left many baffled. Ethereum co-founder Vitalik Buterin, for one, believes the Tesla chief can make Twitter “really great” or “really terrible.” The latter scenario would...Read More
Airdrop hunters have been flocking to the Arbitrum layer-2 network in hope of landing some free crypto. On Nov. 2, crypto research firm Delphi Digital reported an increase in activity on Arbitrum. It stated that 62% of this week’s Ethereum transactions have been on Arbitrum, marking a 550% surge since August. It added that weekly...Read More
Money transfer services giant MoneyGram will now allow customers to trade and hold some major cryptocurrencies using the company’s mobile app. The move marks an expansion to MoneyGram’s native crypto support as it previously enabled users to buy and withdraw Bitcoin in the United States. According to a press release on Tuesday (November 1, 2022)....Read More
Crypto markets have gained more than 9% over the past week, sending total capitalization back over the $1 trillion level again. Some crypto assets have performed better than others, and Ethereum has been making more gains than its big brother over the past seven days. During the rally, which began on Oct. 25, Ethereum gained...Read More
Ethereum (ETH) was on an absolute rampage to finish October with 20% 7D gains and record ETH short liquidations. Adding to the Web3 blockchain’s tailwinds, Alphabet Inc.’s Google just unveiled Blockchain Node Engine with support for Ethereum. In Blockchain Node Engine, Google boasts a fully managed node-hosting service for Web3 developers. Google Cloud touts Cloud...Read More
The overall crypto market has plunged yet again, dragging all the large-cap cryptocurrencies like Bitcoin, Ethereum, Cardano, and Solana, among others, with it. The world’s first cryptocurrency, Bitcoin, has lost its key level of $20,500, but the bulls haven’t lost steam completely yet. Currently, Bitcoin is selling at $20,146 after a drop of 2.99% over...Read More
