Alongside Bitcoin reaching a new all-time high above $20k, Ethereum continued to gain a new high valuation for 2020. Ethereum crossed its previous local top at $637, registering a new high at $676. While at press time, it was down to $644, there is a sense of optimism regarding a possible move upwards. Ethereum 4-hour...Read More
Ethereum remains one of the top cryptocurrencies in the blockchain ecosystem. The smarts contracts front runner is presently the second most popular cryptocurrency behind bitcoin. Today, with respect to market sentiments and various discrepancies on Eth price predictions, we submit our unreserved opinion about future Eth price and what circumstances may aid the process. Table...Read More
The large bitcoin institutional investments keep emerging frequently, and the latest one has come from the US-based hedge fund One River Asset Management. After establishing a new company oriented in digital asset investments, the fund has purchased $600 million in BTC and plans to add ETH and expand its holdings to $1 billion in the...Read More
The attacker that drained over $8 million in NXM from the founder of Nexus Mutual had requested $2.8 million in ETH to stop disposing of the funds. As such, it seems that he has rejected the bounty offer from Hugh Karp of $300,000. What Happened With The Funds Of The Hack? CryptoPotato reported earlier this...Read More
The overall cryptocurrency market has been witnessing a push and pull from its traders. In the case of the world’s largest cryptocurrency Bitcoin, its value has continued to inch closer to the $20k level and can be seen to have an impact on altcoins like Ethereum, Tezos, and FTX Token. Ethereum [ETH] Source: ETH/USD on...Read More
Bitcoin’s dominance is one of the biggest drivers behind its institutional interest and mainstream adoption. However, in anticipation of an altcoin rally, it was observed that Ethereum and XRP’s dominance rose 1.1% and 2.6% respectively, based on data from CoinGecko’s report. Against Bitcoin’s gradual price rally, Ethereum’s price increased by over 50% in November and...Read More
Ethereum dropped from $580 to $540 and recovered over the past week, but it still faced significant resistance from the $600 region and showed waning bullish momentum as it sat atop a level of support. EOS formed a bullish reversal pattern, but its breakout was unconvincing and it could be headed back to a level...Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Ethereum‘s price has been stagnating over the past few weeks, despite Bitcoin-inflicted drops. In fact, ETH’s price was stuck at $586 as it tried to reclaim its price before the said drops. When the...Read More
Ethereum’s Vitalik Buterin took to Twitter to warn the crypto community against taking personal loans to purchase Ether and other cryptocurrencies. In a Twitter post published on Monday, Buterin asked his followers not to take out personal loans to buy ETH or other assets in response to a user’s tweet that he addressed. The anonymous...Read More
Ethereum showed strength in the market and recovered from the $540-level it dropped to a couple of days ago. Augur experienced significant volatility in recent weeks. Finally, FTX Token continued to climb on the charts, with the crypto on an uptrend it has been on since early November. Ethereum [ETH] Source: ETH/USD on TradingView ETH...Read More
With Bitcoin’s price dropping below $19,000, the focus has shifted from the world’s largest cryptocurrency to Ethereum and the rest of the market’s altcoins. Institutions that dabbled in Bitcoin since June 2020 are now discovering Ethereum following the launch of ETH 2.0. In fact, scalability issues faced by Ethereum might have well become a thing...Read More
Almost 2 weeks after Ethereum 2.0 beacon chain went live, over 1.4 million ETH have been staked on the deposit contract, with 31,000 active validators and 13,000 in the activation queue. While the ensuing period since hasn’t been too development-heavy, according to some like developer Ben Edgington, ‘no news’ is good news. “It’s been a wonderfully...Read More
Most of the crypto-community is obsessed with titles. Any cryptocurrency or a blockchain project advertised with the title of XYZ-killer is particularly popular. Ethereum, the world’s largest altcoin, is often the target of such dubious comparisons. The latest to do so is Coinbase after it recently published a blog that identified 9 blockchains it classified...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The cryptocurrency market’s rally has been halted in its tracks, and most altcoins along with Bitcoin have been registering a significant drop in prices lately. Ethereum, the world’s second-largest cryptocurrency, has also been seeing...Read More
Global Macro Investor CEO Raoul Pal has listed a number of reasons that Ethereum may well exceed Bitcoin in terms of market capitalization in the future. At the moment Ethereum’s market cap is just 18% of Bitcoin’s with $62 billion compared to $334 billion. In a flurry of tweets today, the investment strategist and economic...Read More
A few months following the soft-launch of the DBS Digital Exchange, the Singaporean multinational banking and financial services corporation announced the release of its digital asset trading venue. In addition, the investment holding company Singapore Exchange has announced it will take a 10% stake in the platform. DBS Digital Assets Officially Announced CryptoPotato reported in...Read More
As the DeFi space continues to grow, ConsenSys has now announced a new offering from the leading wallet provider MetaMask. It will enable cryptocurrency funds, professional traders, and custodians with institutional-grade controls and applications for decentralized finance. The blockchain technology solutions provider ConsenSys has announced today a new offering oriented toward the growing space of...Read More
The Ethereum Fund IPO is anticipated to close on December 10th, 2020 after which the Toronto Stock Exchange will list the asset under the symbol QETH.U. The news is big for Ethereum as noted by Gemini founder Tyler Winklevoss who added that all of the ETH raised by the fund will be held by Gemini...Read More
Bitcoin demand is not only expanding among individual traders and crypto enthusiasts, but has also managed to attract institutions, hedge funds, and corporates. Many traditional financing institutions have included Bitcoin in their portfolios and are increasing their hold on Bitcoin. Now that there is less than 2.434 million Bitcoin left to mine, the race to...Read More
One of the leading International banking groups, Standard Chartered has taken its first step towards cryptocurrency. Its innovation arm, SC Ventures announced a partnership with Northern Trust to launch an institutional-grade custody solution for cryptocurrencies, called Zodia Custody. Many banking groups around the world have already ventured into crypto in some form or another. Reports...Read More
The company’s Bitcoin and Ethereum stock traded products have seen $429 million invested last week. It added that this has been the second-highest crypto investment product inflow on record. The latest report from CoinShares stated that total assets under management now total a record $15 billion. It highlighted Ethereum, which stood out over the past...Read More
Will DeFi with its inverse BTC correlation eat Wall Street? In his latest tweet, Tyler Winklevoss of Gemini Exchange mentioned that “DeFi is the software that is starting to eat Wall Street”. Since DeFi’s market capitalization is still one-third of XRP’s market capitalization there may be room for growth. As Tyler argues, DeFi may eat...Read More
With the collective digital asset market showing little change over the past week, Ethereum too was victim to the same. Ether value ranged roughly between $565 and $620, maintaining position between the set of resistance and support. Indicative of another bearish turn, we analyzed Ethereum’s long-term chart to figure out its immediate trading range in...Read More
Ethereum is the most dominant cryptocurrency among the Top 4, based on activity, updates and the highest Github submission rate. The development team of Ethereum makes daily routine submissions that make it the busiest cryptocurrency that ranks #2 based on market capitalization. Despite its dominance, there are a few challenges facing ETH 2.0’s further growth. As...Read More
Ethereum, the market’s second-largest cryptocurrency and the king of the altcoins, exhibited bullish bias at the time of writing. For the same, there seemed to be more than two reasons behind it. With the cryptocurrency’s price trading at $600 per coin, more price appreciation may be incoming and here’s why, On-chain metrics Ethereum investors Source:...Read More
Ethereum registered its highest weekly close in the past 120 weeks with a price level of $601.95. While the short-term outlook and momentum remained neutral over the past few days, ETH bulls might be able to bounce off the $580-support and attempt to go past $620. NEM and FTX Token were also on a strong...Read More
Major cryptocurrencies Bitcoin, Ethereum, and Tether have all got a mention on the Season 11 premiere of the long-running American comedy-drama television series “Shameless” which features on Showtime. The first episode – ‘This Is Chicago’ shows how Kevin (Steve Howey) is confused about the plight of one cryptocurrency user who says: My Bitcoin. It’s down...Read More
With over 1 million ETH amounting to nearly $690 million being staked in the ETH 2.0 deposit contract, more and more exchanges and custodians are making staking services available to thousands of its users. In fact, Binance, Huobi, Kraken, OKEx, and Coinbase have already offered ETH 2.0 staking options to their users, with rewards ranging...Read More
The ratio of the 24-hour Open Interest [OI] change and market cap seemed to highlight an interesting trend on the question of which coin is the most leveraged in the market. Interestingly, the most leveraged cryptocurrency isn’t Bitcoin or any other crypto in the top 10 of CoinMarketCap’s charts. In fact, the most leveraged cryptos...Read More
Secret Network, a Layer 1 privacy-enabled blockchain, has announced that it will be bringing programmable privacy to the Ethereum blockchain on 14 December. The mainnet, scheduled to launch next week, will enable the Secret Ethereum Bridge that will create bridge mining opportunities for ETH and ERC-20 holders. This will also allow users to create synthetic...Read More
