Balancer is one of the pioneers in the DeFi space and a core building block of its infrastructure. The protocol allows for efficient trading by pooling crowdsourced liquidity from investor portfolios while also identifying the best available price. Data from Token Terminal reveals the growth of the platform in terms of total value locked over...Read More
ETH/USD – New 16-Day High. Key Support Levels: $2300, $2250, $2130. Key Resistance Levels: $2350, $2440, $2540, $2640. Ethereum rebounded from support at $1700 (mid-March support) at the beginning of last week and surged into resistance at $2300 (bearish .5 Fib) on the first day of July. However, the second-largest crypto quickly got rejected and...Read More
Bitcoin’s weekend struggles seem to be nowhere near as the cryptocurrency initiated another leg up and reclaimed $35,000. Most of the altcoins have charted gains as well, with Ethereum jumping above $2,300 for the first time since mid-June. Bitcoin Reconquers $35K After the volatile week in which BTC reached a multi-day high of $36,600 and...Read More
Coinfirm revealed that some users on the notorious Darkweb have been selling falsified vaccine certificates for COVID-19 and stolen doses of vaccines in exchange for a variety of cryptocurrencies. Per the report, one can buy 10 shots of the AstraZeneca product for $250 or its crypto equivalent. BTC in Exchange for a Coronavirus Shot Criminals...Read More
Twitter has become the latest entity to drop its own NFT collections despite a decrease in the hype surrounding non-fungible tokens. Announcing the development today, the social media platform revealed that it has created 140 NFTs, which will be distributed freely to 140 users. While the NFTs are free, about seven of them have already...Read More
After the enhanced volatility in the past few days in which BTC displayed several multi-thousand dollar moves, the cryptocurrency has calmed around $35,000. Some altcoins have charted more significant gains, with ETH reclaiming $2,100 and DOT surging 6%. ETH Above $2,100; DOT Reconquers $16 The alternative coins mimicked BTC’s performance in the past several days...Read More
Mad Money host Jim Cramer is still bullish on Bitcoin, but instead of buying more BTC he went for Ethereum this time, claiming it can be used to buy more things like NFTs (Non-Fungible Tokens). In an interview with CNBC’s Squawk Box, Cramer said a lot of money is coming to Bitcoin despite its current...Read More
The institutional liquid staking provider StakeHound alleged the cryptocurrency security company Fireblocks of failing to protect its wallets. According to the accusations, about $77 million worth of ether was irrevocably lost. The Disappearance of $70M Worth of ETH: Disaster and Damage The Israeli publication Calcalist reported that StakeHound filed a lawsuit against Fireblocks for losing...Read More
After the Saturday bloodbath in which bitcoin dipped to just over $30,000, the cryptocurrency has bounced off and recovered more than $3,000 of value. Most altcoins have also reacted well, with ETH surging to nearly $1,900, and the market cap has reclaimed $100 billion in a day. Bitcoin Spikes Above $33K As it happened during...Read More
Another weekend starts with another adverse price movement for bitcoin as the asset dropped by several thousand dollars to below $31,000. The alternative coins are also deep in red, with ETH dumping below $1,800, and the total market cap has seen $160 billion gone in a day. Bitcoin Plummets Below $31,000 It’s almost becoming a...Read More
This week was a complete rollercoaster in the cryptocurrency market. Unfortunately, things failed to turn out for the better and the majority is trading in the red. Bitcoin Bitcoin is down a steep 11.7% this week as it currently trades beneath $34,000. The cryptocurrency started the week by dropping into support at $31,185 (downside 1.618...Read More
Ethereum’s London hard fork launched on the Ropsten testnet on June 24 in preparation for the mainnet rollout in July. The upgrade will usher in the implementation of the highly anticipated EIP-1559 modification that will adjust the Ethereum transaction fee calculation mechanism. Ropsten in #London!Welcome #EIP1559https://t.co/oKhEMR83fz — Nethermind (@nethermindeth) June 24, 2021 The next phase...Read More
ETH/USD – Ether Rebounds From 200-day MA Support Key Support Levels: $1888, $1710, $1625.Key Resistance Levels: $2160, $2300, $2400. Ethereum dropped beneath its consolidation pattern toward the end of last week and fell into the support around $2150 over the weekend. Unfortunately, on Monday, ETH slipped beneath $2200 and continued lower until finding support at...Read More
No boring days in crypto as bitcoin went through a roller-coaster with a few thousand-dollar moves down and up. The alternative coins also recovered some of the losses, with the entire market cap regaining $200 billion since yesterday’s low. Bitcoin Reclaims More Than $5K It all seemed calm during the weekend when BTC stood in...Read More
Bitcoin’s price continues to lose ground, and it dropped to just over $31,000 hours ago. However, its dominance over the market has increased to a monthly high as most alternative coins have dumped by double digits. Bitcoin Dominance on the Rise Despite the Correction As CryptoPotato reported over the weekend, BTC had recovered some of...Read More
The total liquidations in the cryptocurrency market have reached $1 billion as all assets have dumped in a matter of hours. Following new FUD from China, bitcoin slumped to a two-week low at just over $32,000, ETH below $2,000, and so on. After the somewhat positive weekend when BTC recovered some losses and traded at...Read More
The antivirus company NortonLifeLock announced a new feature on its platform, named Norton Crypto. Its mission will be to enable customers to mine Ethereum in a safe and accessible way. Mining ETH In a recent announcement, the cybersecurity firm notified its nearly 13 million customers about a new service on its platform. Called Norton Crypto,...Read More
Philips will be auctioning a world-famous artwork called “Laugh Now Panel A” created by the anonymous street artist Banksy. Jonathan Crockett – Asia Chairman at the company – announced that BTC or ETH would also be accepted as a means of payment on the auction. Philips Enters the Crypto Community In a recent Bloomberg interview,...Read More
According to recent data, the amount of ETH locked in the ETH 2.0 deposit contract has reached over five million, marking a major event for the Etherum community. Data from Dune Analytics shows 5,223,042 ETH —$14 billion at press time— has been sent to the ETH 2.0 contract. The lock-up amount is nearly 1,000% of...Read More
Jeff Currie – the Global Head of Commodities Research at Goldman Sachs – shared his thoughts on Bitcoin being a gold replacement. According to him, digital assets are substitutes for copper. From Gold to Copper In a recent CNBC interview, Jeff Currie warned that cryptocurrencies are risky and people should not consider them as a...Read More
Less than a month after VanEck filed documents with the SEC to launch an Ethereum ETF, WisdomTree has done the same. The asset manager, based in New York, has previously applied for Bitcoin ETFs but to no avail so far. Founded in 2006, WisdomTree is an American exchange-traded fund and exchange-traded product sponsor and asset...Read More
Charles Hoskinson – the founder of the blockchain platform Cardano – revealed his three reasons why Ethereum falls behind his project. Additionally, he scratched the topic of BTC’s energy consumption. Why Cardano Is Superior to Ethereum? In a recent Yahoo Finance interview, Cardano’s founder Charles Hoskinson criticized Ethereum’s network by calling it overrated and outlining...Read More
Ethereum (ETH) Co-founder Vitalik Buterin had some words for Elon Musk after posting on Twitter that Dogecoin could increase its block size by 900%. Vitalik had several counterarguments for Musk’s claims in a paper published on his personal blog. He emphasised that scalability and higher throughput can be achieved by simply increasing the network’s parameters....Read More
Tom Tugendhat, a member of Parliament of the United Kingdom, urged the nation towards implementing more innovations in its financial sphere. Interestingly, he also outlined the growth of the cryptocurrency sector and hinted he was more bullish on ether rather than bitcoin. UK Member of Parliament Bullish on ETH Tugendhat is a British Conservative Party...Read More
Buterin, who has had a sizeable chunk of his personal wealth wiped out over the past week, told CNN that he is not concerned about the market crash stating that we have had several of them before. He likened the current situation to a bubble stating that knowing when they will pop is “notoriously hard...Read More
The past seven days were particularly favorable for altcoins. This is mainly because bitcoin fails to produce any major gains in comparison, which has seen its total market dominance drop down to 44% – a level last seen back in 2018. It’s worth noting that the primary cryptocurrency is up more than 6% on the...Read More
The CEO of MicroStrategy – Michael Saylor – outlined that the leading digital asset Bitcoin has no existential threats. According to him, the cryptocurrency will dominate the 21st century as a store of value. The Future For BTC Michael Saylor expressed his opinion about the primary cryptocurrency Bitcoin on a YouTube interview for Kitco News...Read More
Members of the popular WallStreetBets Reddit forum were suspected of a presumable cryptocurrency fraud that could have caused losses of no less than $2 million. By creating a designated Telegram group, they duped investors by guaranteeing remarkable returns through capitalizing on the recent crypto market rally. The Core of the Hoax Per a report by...Read More
The head of Binance, Changpeng Zhao, recently gave his comments on the two largest cryptocurrencies – BTC and ETH. According to him, people nowadays need alternative coins for the new type of transactions, which may drive the price of ether up. CZ also predicted that many central bank digital currencies would be very different than...Read More
S&P Dow Jones Indices has launched three new cryptocurrency indices. The S&P Bitcoin Index, S&P Ethereum Index, and S&P Crypto Mega Cap Index (a combination of Bitcoin and Ethereum) will allow retail traders to easily gain exposure to these two behemoth cryptocurrencies. A Long-Awaited Move People have been waiting for a traditional finance product that...Read More
