Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a reference rate – called AMERIBOR – could serve as a potential replacement to LIBOR. Blockchain Project To Replace LIBOR? The London Interbank Offered Rate (LIBOR) has a significant role in global finance. It’s utilized to...Read More
Ethereum surged by a total of 6% over the past 24 hours of trading as the coin breaks $250. Before this, ETH was struggling with the resistance at $244 – which has now become strong support. Against Bitcoin, Ethereum remains within a wide symmetrical triangle as it attempts to break the upper boundary again. Key...Read More
Bitcoin surged above $10,000 for the first time since February, and it took the entire market with it. Altcoins are all flashing in green, as the total capitalization increased by more than $13 billion overnight. Now, a popular cryptocurrency trader pointed out that the chart of the total market cap went through the same pattern...Read More
Ethereum completes a daily 10% price increase, and a 7-day 15% gains, recording a current high of $245. ETH hit resistance at a bearish .786 Fib Retracement before dropping by 2.5% today down to the $235 price region. Against Bitcoin, Ethereum exploded to 0.025 BTC, which is a new 30-day high. Key Support & Resistance...Read More
The value of ETH stored on its own Ethereum blockchain has been continuously decreasing in the past year, new research shows. While numerous ERC-20 tokens operate on the network, the growth of stablecoins presents the most substantial threat to cause a future “flippening.” ETH’s Role On Ethereum Blockchain Decreases Per the research provided by Messari’s...Read More
Another week has passed, and it has been nothing short of exciting on the cryptocurrency market. Bitcoin went on to lose a serious chunk of its value as it plunged below $8,700 only to recover a few days later and touch $9,600. However, BTC is relatively indecisive over the past couple of days as it...Read More
Bitcoin Bitcoin saw a small 3% price increase over the past seven days as it currently trades around the $9,433 level. The cryptocurrency had started the week off by dropping beneath $9,000 and reaching the support at the rising trend line. Luckily, the buyers managed to defend this support to prevent BTC from slipping into...Read More
If you were into Bitcoin and crypto for at least five years, the name Chris Dunn would probably sound familiar to you. The 35 years old Texas boy was one of the first crypto YouTubers. As of writing these lines, his popular channel has more than 200,000 subscribers since its first uploaded video, somewhere in...Read More
The past few days have been relatively exciting in the cryptocurrency market. Bitcoin managed to reclaim the $9,000 level but it appears that bulls might be running out of steam. At the same time, despite the fluctuations in its price, large-cap altcoins failed to make any serious advances as most of them remain more or...Read More
The digital asset management company, Grayscale Investments, has increased its Bitcoin buying speed recently. According to a researcher, the firm’s accumulation levels have jumped to about 150% of the freshly mined coins since the third halving. Grayscale Buys A Lot of Bitcoin As CryptoPotato reported recently, Grayscale had increased its Bitcoin holdings by 60,000 coins...Read More
Ethereum increased by 3% today as it rebounds from $200 and reaches $208. The cryptocurrency battles to remain above the rising trend line. Against Bitcoin, Ethereum failed to continue above 0.023 BTC as it drops back into the 200-day EMA. Key Support & Resistance Levels ETH/USD: Support: $200, $187, $180. Resistance: $215, $220, $225. ETH/BTC:...Read More
Ethereum increased by 2% today as the buyers battle to defend the $200 level. A rising trend line formation further bolsters the support at $200. Against Bitcoin, ETH continues its road to recovery as it breaches the 0.023 BTC level today. Key Support & Resistance Levels ETH/USD: Support: $200, $187, $180. Resistance: $211, $220, $225....Read More
Despite Ethereum’s price nosediving by over 85% from the all-time high levels reached in January 2018, the interest in the second-seeded cryptocurrency by market cap is gradually increasing. New data indicates that the number of non-zero ETH addresses has skyrocketed by over 350% since the time ETH reached its all-time high levels. Ethereum Addresses On...Read More
Users of the two leading cryptocurrency hardware wallets could be at risk after a hacker offered to sell personal details of thousands of the companies’ customers. Hacker Offers HD Wallet Users’ Details As per multiple screenshots posted to Twitter, the hacker offered to sell personal details of customers from a wide range of financial services...Read More
The past 24 hours have been relatively calm for the leading cryptocurrencies by market capitalization. As of writing these lines, Bitcoin is trading today in a tight range around $9,200. From a technical standpoint, the range between $9,200 – $9,300 is the first significant resistance level for the primary cryptocurrency. If it breaks it successfully,...Read More
Upon printing billions of fresh USDT in the past few months, the most widely adopted stablecoin has become the third-largest cryptocurrency by market cap. Tether has now surpassed Ripple (XRP) with its nearly $9 billion market capitalization. In the meantime, Ripple, which was among the top three cryptocurrencies for the past years, had seen its...Read More
The rollout of Ethereum 2.0 is set to arrive in installments, with the first milestone expected some time around Q3 of 2020. From that moment on, things promise to get interesting. At one point, we will see two Ethereum blockchains existing at the same time. Initially, the ETH 2.0 token will be practically useless for...Read More
Bitcoin kissed the $10K mark goodbye this week as the cryptocurrency dropped to as low as $8,800 on Thursday, reaching the trend-line that was forming since the massive drop in March. As expected, BTC received strong support in that area, and its price quickly recovered to around $9,200, where it’s currently trading. The dump started...Read More
Maker DAO just received an influx of almost 2,500 Bitcoin in the past 48 hours, as the number of Wrapped Bitcoin (WBTC) locked in the decentralized finance app increased by 1,921%. Maker DAO is a decentralized lending protocol on Ethereum, which issues the stablecoin Dai (DAI) in return for ETH-based collateral. Since BTC can be...Read More
Bitcoin Bitcoin saw a 4.4% price decline over the past seven days of trading as the coin trades at $9,115. The cryptocurrency was at the $9,815 resistance level for the majority of the week as it continuously failed to close above it. Bitcoin went on to slide lower from there on Wednesday as it dropped...Read More
Twitter saw the return of Vitalik Buterin vs. Justin Sun on May 19. The respective founders of Ethereum and TRON exchanged barbs over the matter of an imminent Steem hard fork, which will seize the funds of some of its users. If Steem Hardfork 0.23 goes ahead on May 20, over 23.6 million STEEM coins...Read More
The bulls are eyeing $226 resistance, but they could get trapped if a double-top pattern comes into play. Ethereum is currently looking bullish across its trading pair after rising by 11% in 7 days. Against Bitcoin, Ethereum is starting to show strength after finding support around 0.021BTC. ETH/USD: Ethereum Eyeing $226 Key Resistance Levels: $217,...Read More
Ethereum increased by 2.5% over the past 24 hours, and it reclaimed the $200 level again. The cryptocurrency previously rebounded from a rising trend line, which allowed it to get over the $200 level this week. Against Bitcoin, ETH managed to rebound from the 0.021 BTC support to reach 0.0213 BTC. Key Support & Resistance...Read More
Recent Chinese reports indicate that a new cryptocurrency scam, resembling the notorious PlusToken, has been brought to trial this week. Dubbed WOTOKEN, allegedly scammed over 700,000 users and absorbed more than $1 billion worth of Bitcoin and other digital assets. The New Chinese Threat: WOTOKEN According to local reports, the trial began on May 14th...Read More
Bitcoin Bitcoin had an interesting 7-day trading period as the coin dropped by a small 3% over the week. However, this is because BTC fell by a strong 10% over the weekend as the coin fell from $9,600 to reach as low as $8,500. It rebounded from here and started to climb after the halving...Read More
Ethereum continued to trade in a range between $190 and $200. Against Bitcoin, the price may dip lower if the 0.021 BTC support fails to provide a rebound. The trend remains in a downward range on the 4-hours chart. ETH/USD: Ethereum Pushes Toward $200 Key Resistance Levels: $200, $215, $226 Key Support Levels: $175, $166,...Read More
The Ethereum blockchain is suffering a period of heavy congestion, partly caused by what appears to be a Ponzi scheme. Thousands of transactions are being pinged all across the network—all leading to a single address, which now holds $5.3 million worth of Paxos Standard (PAX) tokens. That address belongs to the operators of MMM Global...Read More
Block 630,000 was mined yesterday, and with it, the third Bitcoin halving was successfully completed. From here on, miners will receive 6.25 BTC for adding new blocks to the network. The hours before the event were fairly turbulent for BTC’s price, but it seems that it has calmed down, at least for now. Bitcoin Price...Read More
Ethereum saw a sharp decline over the weekend, which caused it to slip beneath $200 and reach $187. The cryptocurrency managed to find strong support at a rising trend line. Against Bitcoin, Ethereum is battling to hold above the 0.021 BTC level. Key Support & Resistance Levels ETH/USD: Support: $180, $175, $170. Resistance: $190, $200,...Read More
Bitcoin Bitcoin saw an impressive 11.5% price surge over the past 7 days of trading as the cryptocurrency manages to reach as high as $10,000 again. During the week, the coin managed to break above the previous resistance at $9,000 and continued above further resistance at $9,426 and $9,815 to reach the $10,000 level. Looking...Read More
