Despite Bitcoin’s tumultuous performance following an announcement of the US Federal Reserve regarding its new approach to average inflation targeting, the cryptocurrency has managed to stabilize around $11,400 where it’s currently trading at. Elsewhere, Chainlink and Polkadot are both in red but LINK has returned to the top 5 coins by market cap. Bitcoin Spikes...Read More
Centre Consortium members Circle and Coinbase have just launched an upgraded version of their popular USDC dollar-pegged stablecoin. Going live on August 27, USDC 2.0 aims to tackle high gas fees by allowing developers to delegate it to other wallets or take fees in USDC instead. Removing ETH From The Picture The official announcement explained...Read More
Ethereum had dropped 5% on the weekly. However, there is strong support built upon the $380 area. The last time ETH daily closed below $380 was 2.5 weeks ago. Overall in August, ETH is mainly trading in the range between $380 – $400 and must break this range to dictate the next direction for the...Read More
Polkadot is growing in popularity, and this has been thoroughly reflected in its price. In a matter of days, the project managed to occupy the 6th spot of the top 10 largest cryptocurrencies, boasting a total market cap upwards of $1.05 billion. Now, a team of developers has announced that it’s building a trustless general-purpose...Read More
Police in Seoul has forayed the offices of one of the biggest crypto exchanges in South Korea, Coinbit. Allegedly the firm has faked more than 99% of its trading volume. Coinbit Banks Over $85M According to a recent news report, authorities stormed the offices of the company early today. The suspicion is that Coinbit has...Read More
DeFi tokens continue to flood the markets as developers are minting new coins and listing them on Uniswap every day. While this might present an earning opportunity for some, the number of the so-called ‘rug pulls’ is also on the rise. Investors need to be extremely careful and selective when it comes to the tokens...Read More
The cryptocurrency market has lost $20 billion from its market capitalization, as the majority of cryptos in the red over the past 24 hours. Bitcoin’s current weekly low is at $11,100, while Ethereum reached the target of $370 as predicted by CryptoPotato. The giant blockchain, Polkadot, is trading around $5.40 after the DOT token was...Read More
The American multinational giant bank JPMorgan Chase & Co has entered into a strategic partnership with the blockchain-based company ConsenSys. As part of the deal, ConsenSys will acquire the bank’s enterprise blockchain platform – Quorum. ConsenSys Acquires JPM’s Quorum As reported earlier by Reuters, the New York-based blockchain startup has acquired Quorum and plans to...Read More
Ethereum marked another failed attempt to overcome the $400 resistance. From there, the way to below $390 was quick. The cryptocurrency has been declining since ETH hit a 2-year High at $450 last week. Against Bitcoin, Ethereum attempted to break the 0.035 BTC resistance today but got was rejected and now facing a huge support...Read More
Bitcoin took another swing at $11,800 but it got rejected and retraced to its current level of about $11,680. Ethereum has returned above $400, while lower-cap alts continue to fluctuate massively. Bitcoin Tries $11,800 As CryptoPotato reported yesterday, $11,800 is a key resistance standing in the Bitcoin’s way upwards. The asset indeed attempted to overcome...Read More
After a relatively calm weekend without any major price developments and following a retest of the $11,400 support on Friday, Bitcoin slowly recovers. It is currently trading around $11,700. Large-cap altcoins follow Bitcoin as ETH getting closer to $400 once again. After Friday’s crush, this is the day of the low-caps altcoins. Contrasting Altcoin Moves...Read More
Ethereum dropped by a total of 9% over the past week as it breaks beneath $400, currently marking $380 – $382 as a critical defensive wall before a further downside price action. Despite this price decline, Ethereum remains mid-term bullish within the August trading range of $438 and $363. Against Bitcoin, Ethereum penetrated beneath the...Read More
Bitcoin and most large-cap altcoins have recovered from yesterday’s price dives. However, most altcoins are still far from their last week’s all-time highs. Bitcoin Back To $11,600 The largest cryptocurrency by market cap dipped to the $11,400 support following another unsuccessful attempt to reclaim $12,000. The nosedive seemed somewhat steep, and speculations rose that BTC...Read More
Synthetix started as a stablecoin but soon pivoted to satisfy the needs of DeFi users. Nowadays, it serves as one of the leading DeFi projects offering the trading of currencies, commodities, stocks, and other assets. Trading stocks is still dominated by traditional financial centers, being heavily regulated, and hard to automate. The same applies to...Read More
The Ethereum community rejoiced after the first block of the Medalla test net was finalized. But the transition to ETH 2.0 isn’t turning out to be all that smooth. Despite the important updates, network participation on the test net remains wobbly. This is happening amid Medalla’s gnawing debacle last week. Medalla Testnet’s First Block As...Read More
Most of the cryptocurrency market is in red today. Bitcoin tanked to $11,400 briefly, but large-cap alts are losing more substantial chunks of value, thus helping BTC to reclaim some ground in terms of market domination. Bitcoin Drops Further BTC looked promising yesterday as the asset headed for another face-off with its well-known nemesis at...Read More
Bitcoin Bitcoin continued its sideways movement this week as it remained around the $11,600 level. However, during the week, the cryptocurrency did push higher as it penetrated above the $12,000 resistance to reach the $12,400 level. Unfortunately, it was unable to sustain these highs as it rolled over to fall beneath $12,000 at the start...Read More
The cryptocurrency market has recovered from some of the losses it registered in the past few days. Bitcoin is up by 1%, while some altcoins are marking impressive double and even triple-digit gains with OMG Network leading the pack. Altcoins With Massive Moves The altcoin market became accustomed to significant fluctuations, and the past 24...Read More
Ethereum’s network is on the brink of its highest congestion rate, while the transaction fees are still particularly high. Amid all of this, Tether has moved over 1 billion USDT from Tron’s network to Ethereum. Tether Moving 1 Billion USDT to Ethereum Earlier today, Tether, the company issuing the most popular stablecoin, USDT, announced that...Read More
Ethereum dropped since hitting the 2-year high at $438 over the weekend to reach $413. The coin spiked beneath $400 yesterday but found reliable support at $396. Against Bitcoin, Ethereum dropped from the 0.0371 BTC resistance to reach support at 0.0347 BTC (.236 Fib Retracement). ETH/USD: Momentum Reaches A Period Of Indecision Key Support Levels:...Read More
Paris Hilton, a businesswoman, model, singer, and heiress to the Hilton Hotel chain has successfully sold in an auction a picture of her cat as a non-fungible token on an Ethereum-based platform for 40 ETH. While employing the same platform to auction off a picture of his own, Ashton Kutcher burned the paper copy to...Read More
Bitcoin has further declined to $11,750, while most of the larger-cap altcoins continue to bleed out with Ethereum close to testing $400. Lower-cap alts chart some notable performances in both directions. Bitcoin Dips To $11,750 The primary cryptocurrency attracted the community’s attention a few days ago when it reached a new yearly high of over...Read More
Bitcoin’s run above $12,000 was short-lived as the asset has tanked by 4% in the past 24 hours to $11,800. However, BTC’s dominance over the market has increased slightly as most altcoins have plummeted as well. Bitcoin Fails To Stay Above $12K Bitcoin’s latest attempt to conquer $12,000 seemed successful at first glance, unlike the...Read More
Ethereum started to move sideways after hitting the August 2018 highs at the end of last week. The coin hasn’t been able to overcome this level since the weekend, despite Bitcoin surging above $12,000 again. Against BTC, Ethereum dropped from the 0.0371 BTC resistance to reach support at 0.0347 BTC (.236 Fib Retracement). ETH/USD: $438...Read More
Bitcoin has responded to the rising altcoins and just pumped to a new yearly high of over $12,400. By doing this, the primary cryptocurrency has increased its dominance over the market after reaching a new yearly low earlier today. Bitcoin To $12,400 and Beyond? As CryptoPotato reported earlier, Bitcoin stood still at $11,800, while many...Read More
The daily transaction count on the Ethereum network reached a two-year high with 1.27 million, which is the closest number displayed to the all-time high from January 4th, 2018, at 1.34 million. Simultaneously, the transaction fees have dropped significantly from the ATH marked just a few days ago. Ethereum Transaction Count At Near ATH With...Read More
Bitcoin stays stagnant at around $11,800, as of now, while most large-cap altcoins have calmed down in the past 24 hours. The situation among low-cap alts is radically different. Low-cap Altcoins On The Move Most large-cap alternative coins haven’t shown any significant fluctuations since yesterday. Ethereum is less than 1% down to $425, Ripple (-0.25%)...Read More
Ethereum is slowly losing momentum after recording a 2-year high at $445 earlier this week. Will $400 get confirmed as support before the bulls will continue? Against Bitcoin, Ethereum managed to reach as high as 0.0371 BTC before rolling over to the current 0.0356 BTC level. ETH/USD – Will $400 Get Tested As Support? Key...Read More
As per the latest statistics, around $8 million was paid as fees to conduct transactions on the Ethereum network. That works out to be approximately 18,300 ETH. What is driving this humongous spike in gas fees? Research shows that it is due to the booming ‘yield farming’ craze. Gas Fees Tops $8 Million Led By...Read More
With YAM Financial’s token value almost at zero, the team behind the project has proposed a two-phase migration plan that could see an audited version. Two-Step Migration Process for YAM In a Medium blog post on Friday (August 14, 2020), the YAM Finance team announced plans for a planned migration to a new protocol called...Read More
