Ethereum avoided a drop beneath $370 over the past week, and its charts highlighted two critical, imminent zones of support and resistance that could decide the direction of the market in the coming weeks. Filecoin was in a phase of consolidation just above support, while Ontology continued its downtrend. Ethereum [ETH] Source: ETH/USD on TradingView...Read More
To date, blockchain technology has found its use in small scale elections in the US, but the Associated Press (AP) news agency’s current use of blockchain to publish the US presidential election results, makes this the first time the technology is being used for a much larger election. So far, AP has been publishing the...Read More
With the spooky month coming to an ending, the spookiest thing you can expect is Ethereum outperforming bitcoin. Well, Ethereum outperforming bitcoin isn’t spooky per se, but there are other aspects to this that suggest otherwise. Outperformance here is comprised of solid price data and then the sentiment around each coin. Bitcoin v. Ethereum Price...Read More
Ethereum is currently undergoing a massive short-term collapse as the price dropped down to $378 from $400 within 36 hours. While there might be more correction following up on this bearish trend, a quick turnaround from $370 is a likely scenario as well. Ethereum 4-hour chart Source: ETH/USD on Trading View The 4-hour chart is...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice With Ethereum 2.0 coming ever closer, ETH’s prospects look good. However, ETH, at press time, underlined an opportunity to short on a high timeframe. So, these are interesting times, as all of it depends...Read More
Acknowledging that he called the launch of the ETH 2.0 deposit contract ‘a touch early,’ ConsenSys’s Ben Edgington has now shared the latest developments regarding Phase 0, the Medalla testnet, and other important client updates. As Danny Ryan recently explained, deployment of the deposit contract had been pushed back slightly to allow the audit of...Read More
With Bitcoin’s price rallying above $13,700, the Bitcoin market has captivated all institutional investors, more than it did in 2017. Institutional money is pouring into Bitcoin and it can be argued that the present stage of the price rally is like an institutional macro stage. Bitcoin’s spot and derivatives markets have differentiated themselves from other...Read More
The Reserve Bank of Australia has partnered with two major local banks and ConsenSys to explore the potential use of Ethereum-based wholesale central bank digital currency. The announcement from Australia’s central bank named the other partners – Commonwealth Bank, National Australia Bank, and the financial services company Perpetual. The research group will develop a “proof-of-concept...Read More
CryptoPotato recently had the opportunity to interview Brian Kerr – the CEO of the DeFi project Kava. Built on Cosmos as a proof-of-stake blockchain, Kava allows users to stake tokens and participate as validators in the network. The project saw the light of day as an IEO on Binance Launchpad. Kerr’s project description said it’s...Read More
On the last day of October Bitcoin was seen nearing its monthly high as it aimed towards the $13,700 mark. The same bullishness was also visible on the trading charts of Ethereum, Stellar Lumens, and Basic Attention Token (BAT), with the three digital assets recording appreciable single day gains. While the price recovery in Ethereum...Read More
Orbit, a new commercialized renewable energy company, announced that it will use the Ethereum blockchain to allow everyday people to get involved in buying and selling solar power. According to reports, special ORBT tokens will be distributed and used to make these purchases and sales. Given the fact that the transactions will take place utilizing...Read More
Airport officials at Lamezia Terme International located in the southwest region of Calabria caught a 41-year-old technician from Italy for illegally mining Ethereum (ETH) according to a report published. The ETH miner who was in charge of managing computer systems at Lamezia was employed by Sacal SpA, the company that is responsible for maintaining the...Read More
Binance has announced the issuance of wrapped tokens on Ethereum through its Token Canal program. According to the announcement the first batch of tokens to be wrapped into ERC20 tokens on Ethereum will be Bitcoin [BTC], Polkadot [DOT], Filecoin [FIL], and WazirX [WRX]. “BTC, DOT, FIL and WRX will be the first batch of tokens...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Ethereum short-term market and its impact on the price. The price of Bitcoin has been forming consecutive crests and troughs, which has been mirrored even in the altcoin market. Ethereum, the second-largest altcoin has also been witnessing its price falter,...Read More
Atypical performance isn’t something new for cryptocurrency assets. Flash crashes and massive positive wicks have taken place in the past. Just yesterday, ETH went through something similar. The price of the asset shot up by almost 50% only to crash immediately down to $197 and settle to where it’s currently trading on Binance. ETH Price...Read More
Benchmark indices in the Asian markets as well as on Wall Street fell sharply overnight, strongly influencing the bearish market outlook witnessed on the trading charts even for some digital assets today. Barring Bitcoin Cash, all the top ten digital currencies were trading in the red zone. Ethereum and Stellar Lumens recorded over 2.5% in...Read More
A tweet by the VP of Futures at Binance, Aaron Gong, addressed an apparent attack on the liquidity of USDETH Perpetual Futures. Source: Twitter As per the tweet by Gong, Binance believes this to be ‘intentional sabotage’ from a competitor and stated that, “This happened on ETHUSD Perp futures. It was caused by one trader,...Read More
Now the United States can boast a new crypto bank: Welcome Avanti. Avanti Financial Group, a firm founded by the former managing director at Morgan Stanley, Caitlin Long, announced that it had been granted a license to offer banking services by the Wyoming State Banking Board. Avanti is The Second Crypto-bank Operating in the United...Read More
From Microstrategy’s $500 Million investment in Bitcoin to PayPal’s integration of crypto, in the past three months, we have seen it all. November 2020 is unlike any month since 2018. Bitcoin is trading above $13k and the top 10 altcoins have gained 10-12% in the past week. Additionally, BTC, ETH, and USDT reserves are the...Read More
There’s never a boring day in the cryptocurrency field. Yesterday, the entire community was ecstatic as Bitcoin’s price made a run for the 2019 highs. Unfortunately, it came inches away from it and started to retrace. Today, the total cryptocurrency market capitalization is down about $15 billion since its most recent peak hours ago. Bitcoin...Read More
William Hinman, a director of the U.S. Securities and Exchange Commission (SEC) known for his statements in favor of greater clarity for the crypto ecosystem and other ICOs and fintech, announced his intentions to leave his post in the upcoming months. Since 2017, Hinman has served as a director of the SEC’s Division of Corporation...Read More
With the latest updates, of Digital Yuan’s testing and launch, and the US Presidential elections coming closer, retail traders’ attention is now on Bitcoin. In the previous price rallies, the trend was that Bitcoin led the altcoins, and ETH, XRP, and other altcoins from the top 10, based on market capitalization, followed closely. However, this...Read More
Recent data revealed that Ethereum miners have disposed of significant ETH holdings following the latest price jump towards $420. Additionally, the Twitter sentiment has turned rather bearish for the second-largest cryptocurrency after the consequent price drop. ETH Miners Initiate Sell-Offs? Ethereum miners, the lifeblood of the current proof-of-work consensus algorithm behind the Ethereum blockchain, have...Read More
Singapore’s largest bank, DBS Bank, has reportedly soft-launched an exchange offering fiat-to-cryptocurrencies trading pairs called DBS Digital Exchange. According to the website and a few reports, it will enable customers to buy and sell four of the “top digital currencies in circulation” – Bitcoin, Bitcoin Cash, Ethereum (ETH), and Ripple (XRP). They will be traded...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Ethereum has been the most-relied upon smart contracts platform since ‘smart contracts’ became a thing. Despite ICOs raising billions and many projects promising the world, none of them have come close to competing with...Read More
Following Bitcoin’s price rally, all eyes are now on Ethereum. The altcoin is only second to Bitcoin in its market capitalization and it has been in the spotlight for a long time this year owing to developments around ETH 2.0. The latest edition of the Bad Crypto Podcast discussed the “Building of a Better Ethereum”...Read More
Ethereum’s price has been on an impressive recovery sun since it fell on 12 March. In fact, since Black Thursday, ETH has surged, with the cryptocurrency recording a 64 percent hike over its pre-12 March trading price. While the increase in demand for DeFi and the subsequent loss of steam has led to many questioning...Read More
Bitcoin was trading at $12,960 at press time, with Bitcoin’s market dominance holding at 61.8%, a figure that has slowly risen over the past few weeks. Ethereum shared this bullish sentiment as it conquered a strong region of resistance. However, many altcoins were unable to keep up, suggesting that traders had pulled funds from stagnant...Read More
Amid the most recent cryptocurrency price developments, Grayscale Investments has increased its assets under management (AUM) by over $1 billion in a week. Perhaps even more impressive is the AUM increase in a day – a “cool” $300 million. Grayscale’s AUM Explodes In October CryptoPotato reported Grayscale’s Q3 2020 record-breaking earnings last week. The company...Read More
Owner of the Bitfinex crypto exchange, iFinex announced today integration with cross-chain system pNetwork (pTokens network) which would enable BTC, ETH and LTC to automatically be tokenized, and moved on to DeFi blockchains directly from the Bitfinex platform. pNetwork is the decentralized governance layer operating the pTokens bridges. pTokens makes cryptocurrencies “compatible” with blockchains, such...Read More
