Bitcoin Dominance stood steady at around 63% even as Ethereum and the altcoin market posted gains over the past few days and matched Bitcoin’s performance. Longer-term analysis pointed toward a possible pullback to $400 for Ether, while in the short-term ETH could see the $580 region retested as support. Tezos was trading within an ascending...Read More
Ethereum is trading above $600, just as it did over the past weekend. What’s interesting however is that despite its dropping correlation with Bitcoin, the price has sustained at the current level. The latest developments in Ethereum charts indicate that the narrative that led to the BTC price rally may be brewing for Ethereum as...Read More
Ethereum is finally going to kickstart its journey towards ETH 2.0 today, with the Beacon chain going live. This was possible only after the ETH holders stakes over 867,000 ETH, more than the required 524,288 in order to set this in motion. As Ethereum sets on the transition path, users will only have to wait...Read More
Today marks the long-awaited genesis of Phase 0 in the Ethereum 2.0 upgrade roadmap which stretches ahead for the next couple of years. According to the Beacon Chain countdown, there is now less than seven hours to go before the genesis event spawns the first block on the new chain. The Beacon Chain explorer reports...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered as investment advice Both the 30-day and 60-day correlations of Bitcoin with Ethereum have dropped since May 2020 from 0.95 to 0.51. While this is news to rejoice over, especially for ETH enthusiasts, it may just be...Read More
At the time of writing, ETH was trading at $552, with the cryptocurrency gaining by 6.2% over the previous 24 hours. In fact, the transaction fee for ETH had also risen alongside the rise in demand, relative to the previous week, based on trade volume data from spot exchanges. Closer to the launch of ETH...Read More
Ethereum, unlike Bitcoin, had a relatively active weekend in terms of price action, with ETH hovering around the $550-mark, at press time. In fact, Ethereum shorts equivalent to over 2500 ETH were liquidated across derivatives exchanges like OKEx and Binance. While more and more retail traders expected ETH’s price to slow down over the weekend,...Read More
With the 1st of December and the scheduled launch of ETH 2.0’s Phase 0 looming with every passing hour, crypto-exchanges are preparing themselves by offering new ETH 2.0 staking services. Popular crypto-exchange Huobi has taken the lead in this respect, with the Singapore-based exchange announcing the launch of ETH 2.0 One-Click Stake Function a few...Read More
As things stand, Bitcoin and Ethereum trail their respective 2017 peaks by 10 percent and 150 percent, respectively. Clearly, one is further away than the other, but both cryptocurrency’s markets are closer to the infamous bull market than you’d think. According to the market intel report by blockchain analytics firm Chainalysis, while Bitcoin might’ve seen...Read More
In what is an interesting development, Chainlink has announced its support for the development of in-demand Ethereum infrastructure projects via its participation in Gitcoin Grants Round 8. Hopefully, this puts to bed the irrational discussions on $ETH vs $LINK in the future because it’s obvious, crypto needs both projects to support each other in order...Read More
The market cap of all cryptocurrencies was valued at $513.7 billion, and Bitcoin commanded a 62.92% share of that valuation. Although Bitcoin Dominance has fallen in recent days, it has been in a steady uptrend since early mid-September. Ethereum boasted a $59 billion market share, a number that can be expected to rise in the...Read More
Ethereum mining difficulty hit an all-time high on 27 November. The mining difficulty jumped to 3,719 terahashes as the second-largest coin was being traded close to $511. Source: Twitter This all-time high was registered on the heels of a two-year high marked at 3,650 terahashes on 21 November, as noted by the data provider Glassnode....Read More
Ethereum is currently retracting sharply from its previous and 30-month peak of $620. Even with a decline of around $100 to today’s prices of $525, ETH is still up over 300% since the beginning of the year. The confirmed genesis of the long-awaited Beacon Chain, which is Phase 0 of the even longer awaited Serenity...Read More
Founded in 1999, SBI Group is a financial services company based in Tokyo, Japan. Apart from offering numerous traditional financial services, the SoftBank Group subsidiary announced today a new cryptocurrency-related endeavor. SBI Group has introduced a digital asset lending service through its cryptocurrency arm – SBI VC Trade. The statement informed that the platform, dubbed...Read More
The entire asset class is tied together. Whenever Bitcoin rises there is a certain inevitability of other altcoins rising along with it. It happened in 2017 and now it is happening in 2020. Over the past 8 weeks, Bitcoin has been on a climb, accelerating through multiple resistance, while other assets like Ethereum have followed...Read More
The value of the second-largest digital asset has been peaking at $623 due to an accelerating price since October. Given the hype around the launch of Ethereum 2.0’s Phase 0, the Ethereum community has been thrilled to note the progress towards it. Amid an active market like Ethereum’s, failure of exchange to settle contracts could...Read More
The cryptocurrency market cap stood at $566 billion as Bitcoin and Ethereum saw demand and prices increase. Many large-cap altcoins also performed extremely positively in the past week. Cosmos and Zcash experienced a pullback and were ready to rise toward its resistance once more. Ethereum could lead the altcoin market once more with its remarkable...Read More
Lithuania’s tax authority, the State Tax Inspectorate or STI, reportedly sold confiscated cryptocurrency worth 6.4 million euro- worth about $7.6 million- and later transferred the funds to the state budget. This would be the first time that the Lithuanian government body has sold seized cryptocurrency for fiat. Reports state that the seized crypto assets consisted...Read More
Bitcoin might be taking most of the attention but Ethereum is not being a pushover at the moment. A recent surge over $600 is re-vitalizing its market as well, and now external developments might be pushing Ether to new heights in 2020. In this article, we’ve analyzed Ethereum’s current market structure, alongside the key factors...Read More
The much-anticipated upgrade of Ethereum from version 1 to version 2.0 will finally happen on December 1. This confirmation comes after the deposit contract fulfilled its ETH staking objective. ETH prices responded to the development by blasting past the $600 level. Ethereum 2.0 Deposit Contract Fulfils Staking Objective The Ethereum 2.0 deposit contract has met...Read More
Ethereum’s Ether has now breached the $600 range across some major crypto-exchanges today. Whilst Ether dipped by 1.0% in the last hour, ETH prices hiked by over 11.6%, in a 24 hour period at the time of writing. Overall, Ethereum was up by 31.7% in the weekly timeframe. Source: ETH/USD, TradingView In recent days, ETH...Read More
One of the most hotly debated topics in crypto of late has been the question of whether the Ethereum 2.0 Genesis event will take place successfully on 1 December. The target for Ethereum 2.0’s on-time launch is set at 524,288 ETH. As of last week, only 20% of the target had been achieved. However, at...Read More
Ethereum’s Vitalik Buterin recently commented on the maximum supply of ETH, stating that the current issuance schedule is approximately 4.7 million per year for the next 1-2 years, or however long it takes until the merge. After the same, it would be 0-2 million per year minus the burned fees which could be greater than...Read More
It has been a good few days for crypto-proponents. Not only Bitcoin, the world’s largest cryptocurrency, surged to height unseen since the heydey of the bull run, but the market’s altcoins have rallied too. Ethereum, the world’s largest altcoin, was among the cryptocurrencies to surge on the charts, with ETH climbing over $500 yesterday. However,...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Ethereum’s short-term market and its impact on the price The altcoin market has entered a consolidation phase after marching side by side with Bitcoin. Ethereum, the second-largest cryptocurrency has also been following a similar path as the price of the digital...Read More
The United States Securities and Exchange Commission [SEC] has been coming down hard on crypto exchanges when it comes to compliance. BitMEX is still trying to deal with a double lawsuit by the US prosecutors. However, SEC has now approved Grayscale’s Ethereum Trust [ETHE] as the first public quoted ETH investment product in the United...Read More
The price of Ethereum has surged past its resistance close to $500 and was currently valued at $505.37. This not only marked an annual high for ETH but also was a price level unseen since July 2018. Source: ETH/USD on TradingView This run-up in the market could be contributed by the news of the United...Read More
Deposits to the ETH 2.0’s deposit contract have grown considerably over the past few days, which witnessed the most growth since the contract launch recently. Source: Dune Analytics Over 102k ETH has now been sent to the ETH 2.0 deposit contract, however, despite this, considering the current pace of staking, many remain uncertain that the...Read More
Polkadot has competitors that claim the same thing as DOT – throughput that achieves scalability, lower fees, security, and the ability to build a defi ecosystem on its chain. However, only a few actually deliver these things and are yet to gain adoption. The adoption isn’t here yet due to the fact that Ethereum is...Read More
Everyone looks at Bitcoin and Etherum differently. To the ardent followers of one, the other is either too little or too much. To unfamiliar traders, they are just different ways of referring to cryptocurrencies. To crypto-folk, one is a currency, the other a utility. Whichever way you look at them, one thing is certain –...Read More
