DeFi ecosystem has come a long way over the past few months. From a Total Value Locked (TVL) figure of $539.8 million right after the market crash in March, it has recovered extraordinarily well. At the time of writing, the same figures had risen to as high as $4.58 billion. Leaving ETH behind Interestingly, while...Read More
Known in the cryptocurrency field as The Wolf of All Streets, Scott Melker is arguably one of the most influential personalities in the community in recent years. With more than 110,000 followers on Twitter, Melker gives out helpful market analysis to both novice and experienced crypto traders and is known for his friendly and easy-going...Read More
Cryptocurrencies have had a conflicting Q2 and a dormant beginning to Q3. As the price of Bitcoin [BTC] moved sideways, most of major cryptos followed its lead due to their high correlation with BTC. However, there were various alts in the market that have been successful in grabbing more attention than Bitcoin and Ethereum. As...Read More
Ethereum‘s market has been noting tremendous growth lately on the back of various decentralized finance [DeFi] applications. However, it didn’t take long for the growth story to be eclipsed by yet another heated discussion on the credentials of Ethereum. Over the past few weeks, some have attributed such growth to Ponzi schemes running on the...Read More
Bitcoin’s had a tumultuous week of trading, there’s no doubt about it. While the overall trend remains intact, according to most analysts, the cryptocurrency definitely kept us on our toes. Last Sunday was likely the most volatile day of the week when Bitcoin surged past $12,000 only to drop to around $11,300 in a violent...Read More
This past week, over 231,000 Bitcoin [~$2.54 billion] and 3.5 million Ether [~$1.05 billion] acquiring profit of over 25 percent were sent, according to the latest market intel report by blockchain analytics firm Chainalysis. This is a bullish market, one where the king coin is priced at over $11,500 (Its highest price since August 2019)...Read More
Owing to its overwhelming market dominance and the fact that it shares a high correlation with the industry’s altcoins, Bitcoin and its price movement have always had a major impact on the fortunes of the rest. This has been the case off-late too, with many alts climbing on the back of Bitcoin’s hike in August....Read More
As the financial environment around the world changes, the world of cryptocurrencies has become even more inviting to many investors. Many players in the mainstream markets have been dipping their toes in the crypto pool to test the interest of institutional investors. Major crypto asset manager Grayscale Investments has been one such business witnessing great...Read More
Shifting trends are not uncommon in the crypto industry. At the moment, Ethereum’s bullish narrative is possibly heading towards a restructure. It seems like a long time but Ethereum surged past its $400 resistance only a week back. The fact that the community has been talking about it consistently is making it impossible to keep...Read More
Disclaimer: The following article attempts to analyze the short-term Ethereum market and its impact on price. The cryptocurrency market has been witnessing bursts of volatility over the past week. As the largest cryptocurrency, Bitcoin rallied, the remaining market also marched along, however, this trend was only limited to major cryptos, as the correlation between BTC...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog By Friday, August 7th, the ETH seems to gave lost its absolute confidence in further growth but its overall mood remains positive. This promises a chance of growth after the pause. Today the ETH is generally trading at 396 USD. On H4, the uptrend of the ETH has passed...Read More
The large cryptocurrency asset manager Grayscale Investments has filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for its Grayscale Ethereum Trust. Should the application be successful, the ETH Trust will be the second company product designated as a digital asset investment vehicle reporting to the SEC after the Grayscale...Read More
Medalla, Ethereum 2.0’s final public testnet, went live on 4 August with over 20,000 validators. This testnet was the final leg before ETH 2.0 goes live tentatively by the end of 2020. According to Beaconchain block explorer, with 21,605 current active validators, approximately 691,360 ETH have been staked. Medalla’s launch may have also contributed to...Read More
Bitcoin, the world’s largest cryptocurrency, managed to surge past $11,500 over the past few hours. However, altcoins such as Ethereum, EOS, and Cosmos seemed to have missed the cue as they couldn’t piggy-back on the rally. Ethereum continued to struggle in its attempt to breach the $400 range, whereas EOS registered a minor drop. For...Read More
Grayscale Investments has been loading up on digital assets for a while now, more so when prices have been depressed. Its Bitcoin Trust enables investors to gain exposure to the price movement of BTC through a traditional investment vehicle. This is a bonus for institutional investors seeking to expand their portfolios but not wanting to...Read More
The entire cryptocurrency market saw increased volatility over the past week and has been witnessing tremendous ups and downs in terms of the price action. As the largest crypto, Bitcoin bid adieu to the kangaroo market, many other assets also broke away from their sideways movement and rallied in the market. As the week ended,...Read More
A few hours ago, the Opyn DeFi platform discovered a vulnerability in one of its ETH Put contracts, which enabled an attacker to make off with $371,000 worth of crypto assets. The Ethereum based decentralized insurance platform allows users to protect themselves from risks they may face in decentralized finance markets. It operates with an...Read More
The Coke One North America (CONA) aims to utilize Ethereum’s Baseline Protocol in a new project to manage supply chains across different bottling suppliers. Coca Cola to Create Botting Harbor with Ethereum-based Network According to a report from Monday (August 3, 2020), CONA established a project called “Coca-Cola Bottling Harbor,” which will leverage the Baseline...Read More
July marked the first month of the Q3 2020 and after an unenthused period in the market, Bitcoin and Ethereum made huge strides in the final 9-days of the month. According to Deribit’s Institutional Newsletter, Bitcoin and Ethereum registered a price jump of about 22% and 48%, respectively, creating a stir in the derivatives market...Read More
For Bitcoin, its current price position is not typically on unfamiliar grounds. However, the narrative was completely different for Ethereum. The largest altcoin is currently trading at a range last witnessed during mid-2018. So it is fair to say for Ethereum, there is a little more to lose. With the trend outrightly bullish over the...Read More
The second-largest cryptocurrency by market cap has been enjoying a massive bull run as of late. Following the massive increase in its value over the past few months, over 90% of ETH holders are now in a state of profit, recent data revealed. ETH’s Ongoing Bull Run Ethereum’s price was stuck in a range between...Read More
Being the second-largest cryptocurrency, Ethereum has been witnessing a boost in interest from traders. Over the past two weeks, ETH’s value broke out of consolidation and was on an uptrend, noting a 70% push from $233.85 to $399.69. As a major dip momentarily disrupted coin’s movement, at press time, it was being traded at $395.90...Read More
Ethereum’s next target is $500, according to BitMEX co-founder and CEO Arthur Hayes. He expressed his amazement about ETH’s surge to $400, calling for the continuation of the rally. Ethereum Breaks Above $400 For First Time Since August 2018 On Sunday, Ether hit the highest level in two years, breaking above $400 for the first...Read More
The relationship between Bitcoin and Ethereum has always been an intriguing one. They are, undoubtedly, two of the market’s most important crypto-assets due to their dominance in the space. Although Ethereum is quite far behind in terms of market cap, in terms of technology, may argue that the altcoin is miles ahead. Owing to the...Read More
On 2 August, Bitcoin crossed the $12,000 mark and triggered a wave of sell orders. This selling spree downed the cryptocurrency’s price by 8 percent in an hour, with BTC dropping to below $11,000 between 0400 to 0500 UTC. With Bitcoin holding 60 percent of the entire coin market, a drop in its price caused...Read More
Ethereum prices hit a two-year peak of $410 on Sunday. Ethereum has been sitting in a range bound channel around $230 for three months, but in late July, it finally broke out to surge 70% in less than two weeks. Sunday’s intraday high put ETH prices back at their highest since August 2018, a couple...Read More
With the price of ETH hitting as high as $415 and crashing to $325, volatility seems to have returned to the crypto markets. This sudden move higher and then drop has caused approximately $4.1 million worth positions to be liquidated. As much as Bitcoiners might hate to admit it, this bull run seems to have...Read More
Ethereum has been one of the most popular cryptocurrencies and has managed to establish a place at the second spot with its market capitalization of $39.85 billion. Ethereum inches closer to Proof of Stake [PoS] in the Serenity upgrade and will be identified as Ethereum 2.0. However, there has been some lack of clarity among...Read More
On Binance, bitcoin quarterly futures hit a high just shy of $100,000 – $99,964. While sudden moves like these aren’t new, it had been forgotten due to the slow, sideways moving price devoid of volatility. With over a billion dollars worth of positions liquidated in a minor $1,400 move by Bitcoin, volatility is back. While...Read More
The Ethereum Classic (ETC) blockchain was subject to some rearrangement on August 1, as 3,693 of its blocks were “reorged” in what was first thought to be a 51% attack. The reorganization caused a chain split, which saw one miner process all the blocks over a period of 12 hours. Upon further investigation, the reorganization...Read More
