On-chain data shows that Ethereum transaction fees have dropped to their lowest level since January, a sign that a bottom could be close. Ethereum Transfer Fees Has Plunged As Network Has Gone Cold According to data from the on-chain analytics firm Santiment, Ethereum transaction fees have taken a notable hit recently. The “transaction fees” here […]
EY launches OCM, a blockchain solution for efficient contract management on Ethereum, promising enhanced confidentiality and cost savings.
The post EY launches new blockchain solution to manage business contracts on Ethereum appeared first on Crypto Briefing.
Arbitrum, the largest Ethereum layer-2 scaling solution by total value locked (TVL), is taking steps towards decentralization. In an update on April 16, Offchain Labs–Arbitrum developers–said they have deployed the permissionless version of their fraud proofs, dubbed Bounded Liquidity Delay (BOLD), to testnet. Ethereum Layer-2s Are Popular, But There Is A Big Problem Ethereum layer-2 solutions have been gaining prominence over the years. According to L2Beat data on April 17, these platforms control over $37 billion of assets. Protocol developers and users can send transactions cheaply through Arbitrum, Optimism, Base, and other alternatives. However, while they are popular and command billions in TVL, most of these platforms’ fraud proofs are being developed. Typically, when users transact all chains, all transactions must be confirmed by a web of miners or validators, depending on the consensus mechanism. Related Reading: Whale Alert: MATIC Poised For Epic Surge – Time To Dive In? This differs in layer-2 options, which must reroute transactions and process them off-chain. There is no way of proving whether queued transactions are valid before being batched and confirmed on-chain. The fraud proofs, such as those presented by Arbitrum and other optimistic rollup solutions, are designed to address a critical issue in layer-2 solutions. Specifically, once live and integrated into Arbitrum, BOLD will serve as a safety net, ensuring the validity of transactions processed off-chain. This mechanism is crucial in maintaining the integrity of transactions while enabling efficient off-chain processing. In compliance with blockchain principles, BOLD will be decentralized. As such, the community will run nodes, which differs from the current setup. As it is, transaction validation in Arbitrum is centralized, and only a few validators are tasked with this. Arbitrum Deploys BOLD In Testnet, ARB Prices Falling With BOLD in the testnet, Arbitrum is opening up its rails so that anyone can participate in network security and validate withdrawals back to Ethereum. This move will be critical in building a more decentralized ecosystem and making the platform more robust. Arbitrum becomes the first Ethereum layer-2 to launch its fraud proofs in testnet. In a post on X, Ryan Watts of Optimism also notified the community that plans are underway to create a decentralized fraud-proof system for the second-most largest layer-2 by TVL. Even with this major milestone, ARB prices are stable and under pressure. Related Reading: Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why The token is down 50% from March 2024 highs at spot rates and remains under immense selling pressure. If buyers reverse the April 12 and 13 sell-off, the token might recover strongly, racing towards $1.5. Feature image from Canva, chart from TradingView
Bitcoin price descends to new lows, dragging altcoins down with it just days before the long-awaited BTC supply halving.
Unlike the last Bitcoin halving, a ho-hum affair where Covid-locked-down gawkers had little choice but to tune into livestreamed watch parties, the upcoming Bitcoin halving comes with project launches, competitions and IRL celebrations in Denver and Costa Rica.
The post Ethereum Price Prediction : Analyst Lark Davis Predicts ETH Price Will Hit $15K This Bull Run, Here’s Why appeared first on Coinpedia Fintech News
crypto analyst Lark Davis forecasted Ethereum price soaring to an astounding $15,000 this crypto cycle. His prediction is backed by compelling catalysts that could propel the leading smart contract platform to new heights. Coinbase Base Chain Onboarding Surge The first reason Davis highlights is that Coinbase’s Base Chain as a pivotal catalyst driving Ethereum’s price …
Railgun has allegedly processed transactions from sanctioned threat actors, although the protocol has categorically denied involvement.
The post Railgun under scrutiny for alleged use by North Korean threat actors appeared first on Crypto Briefing.
Ethereum price is still facing many hurdles near $3,200. ETH could start another major decline if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the $2,900 support zone. Ethereum Price Consolidates Ethereum price found support and attempted a recovery wave above the $3,000 resistance zone. ETH was able to climb above the $3,200 level. However, the bears were active near the $3,280 resistance zone. A high was formed at $3,278 and the price reacted to the downside, like Bitcoin. It dipped below the 23.6% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. Ethereum is now trading below $3,200 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,100 level. There is also a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD. The first major resistance is near the $3,200 level and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next key resistance sits at $3,280, above which the price might rise toward the $3,350 level. The key hurdle could be $3,500, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,620 zone. If there is a move above the $3,620 resistance, Ethereum could even climb toward the $3,750 resistance. Another Decline In ETH? If Ethereum fails to clear the $3,200 resistance, it could start another decline. Initial support on the downside is near the $3,000 level. The first major support is near the $2,900 zone or the 50% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. The next key support could be the $2,710 zone. A clear move below the $2,710 support might send the price toward $2,650. Any more losses might send the price toward the $2,550 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $2,900 Major Resistance Level – $3,200
The 2022-2023 period saw several bad actors wiped from the cryptocurrency industry, none bigger than FTX's Sam Bankman-Fried.
The post Ethereum Price Could Drop to $2.5K Soon! Is This a Good Buying Opportunity? appeared first on Coinpedia Fintech News
Amidst rising tensions in the Middle East, the cryptocurrency market has followed suit with major stock indexes worldwide. Ethereum and Bitcoin have led a significant downturn, causing the total crypto market value to drop by 6 percent, settling at around $2.39 trillion. With volatility rocking the crypto world, many traders, especially the big players, have …
Amid the buzzing excitement following the approval of Bitcoin and Ethereum Spot Exchange-Traded Funds (ETFs) in Hong Kong, Bloomberg Intelligence analyst Eric Balchunas has made a post highlighting the explosive growth of the products in the United States. US Bitcoin ETFs Assets Surpasses Hong Kong’s According to Eric Balchunas, the combined asset pool held by […]
CoinDesk Indices' Bitcoin Trend Indicator has been indicating a strong uptrend since last fall.
Bitcoin is finding it difficult to sustain the relief rally, which could put pressure on several altcoins in the near term.
Digital asset investment products experienced a notable setback, with outflows reaching $126 million last week, according to CoinShares’ latest weekly report. Bitcoin’s outflow accounted for a significant portion, representing 87% of the total net flow for the week. CoinShares Head of Research James Butterfill attributed this trend to investors’ cautious stance following the end of […]
The post Global ETP investors shift $126 million away from major cryptocurrencies, favor altcoins like Polkadot appeared first on CryptoSlate.
The post Hong Kong Securities And Futures Commission Approves Spot Bitcoin And Ethereum ETFs appeared first on Coinpedia Fintech News
On Monday during the early Asian session, the Hong Kong-based China Asset Management announced that it has received approval from the Hong Kong Securities and Futures Commission to provide virtual asset management services to investors. As a result, China Asset Management can now issue spot Bitcoin and Ethereum exchange-traded funds (ETFs) to its investors in …
Ethereum, one of the leading cryptocurrencies, finds itself amidst a price decline alongside the broader crypto industry. This downturn has been exacerbated by escalating tensions in the Middle East, casting a shadow of uncertainty over the market. As the majority of cryptocurrencies experience a bleed in value, Ethereum is not immune to the trend. However, while retail investors panic-sell their holdings, on-chain data presents a different picture. Big player whales in the market are seizing the opportunity to accumulate assets, displaying a bullish sentiment amid the turmoil. Related Reading: Bitcoin Below $70,000: Is $80K Still Possible, Or Is The Rally Over? Particularly, on-chain data from Lookonchain has shown an Ethereum whale accumulating during the price decline. Interestingly, the timeline of accumulation suggests that this whale has been in action even before the escalating tensions in the Middle East. Ethereum Whales Accumulate During Market Downturn On-chain transaction tracker Lookonchain has noted both a selloff and accumulation trend from different Ethereum whales in the past few days. One of the latest accumulations came from a whale that has been on constant withdrawals from crypto exchange Binance. As revealed by Lookonchain, whale “0x4359” has withdrawn 62,141 ETH worth $202.6 million from Binance in the past five days. This whale’s latest withdrawal from Binance was less than 12 hours ago, where they withdrew 37,018 ETH worth $120.7 million. Ethereum on the other hand, has fallen from $3,722 to as low as $2,866 in the last five days, representing a 23% price decline. In a similar manner, 7,300 ETH worth $23.8 million were transferred from Binance into “0xE347,” a newly created whale wallet. It seems that whales bought $ETH at the bottom! Whale”0x4359″ withdrew 37,018 $ETH($120.7M) from #Binance 4 hrs ago and this whale has withdrawn 62,141 $ETH($202.6M) from #Binance in the past 5 days.https://t.co/41366OnM5Y Fresh whale wallet”0xE347″ withdrew 7,300 $ETH($23.8M)… pic.twitter.com/qEtTSYU3Us — Lookonchain (@lookonchain) April 13, 2024 That said, Lookonchain also noted a trend of whales selling off their holdings. One example of such selloffs came from whale address “0xaF35” who deposited 6,700 ETH worth $23.65 million into Binance immediately before the price drop. It’s important to note that this same whale withdrew 26,698 ETH worth $94.3 million from Binance between Feb. 7 and April 1. In another social media post, Lookonchain revealed four whales dumping 31,683 ETH worth $106 million during the price drop. Total crypto market cap is currently at $2.261 trillion. Chart: TradingView What’s Next For Ethereum? The ETH accumulation and selloffs from different whale cohorts highlight the contrasting trading strategies between large holders of the crypto asset. While some are selling off, others are taking advantage of the low prices and buying the dip. It would seem the whale accumulation is still outweighing selloffs from their counterparts at the time of writing. Despite this, a selloff from retail investors has tipped the price action in favor of the bears. As a result, Ethereum now finds itself trading around the $3,000 price level, which remains a crucial price level. Related Reading: Uniswap Bloodbath: UNI Price Crashes 16% On SEC Lawsuit Fears A continued accumulation from whales could eventually tip the price of Ethereum to the side of the bulls as tensions in the global market start to subside. We could then see Ethereum hold up above $3,000 and surge upwards at least till it reaches $3,200. A continued selloff could lead to a further price decline, causing Ethereum to break below $3,000. Featured image from Pexels, chart from TradingView
The post Ethereum & Cardano Displaying Acute Weakness Against Bitcoin, Has AltSeason 2024 Differed? appeared first on Coinpedia Fintech News
The market dynamics appear to have changed to a large extent as the prices of the majority of the cryptos have plunged below the crucial support as Bitcoin slumped hard to close to $60,000. During the previous pullback, many speculated a drop below the levels, but the token underwent a rebound from the levels similar …
Staking Ethereum refers to using staked Ether on the Ethereum network to support the security of other decentralized protocols at the same time.
The Ethereum (ETH) community has continued to eagerly await news on approving a spot Ethereum Exchange-Traded Fund (ETF) slated to occur by May. However, as the US Securities and Exchange Commission (SEC) maintains a conspicuous silence on the matter, speculation has risen on the likelihood of the approval. This speculation is further fuelled by the […]
Bitcoin's correction deepened as BTC price fell to $65,000, and altcoins were hit with double-digit losses.
Ethereum developers are currently deliberating the Pectra upgrade, which is poised to enhance various facets of the blockchain’s functionality. Tim Beiko, the Ethereum Foundation‘s protocol support lead, confirmed the development, revealing that the developers have agreed to include Ethereum Improvement Proposals (EIP) 3074 in the network’s slated overhaul. EIP 3074 EIP 3074 is a pivotal […]
The post Ethereum Pectra upgrade promises major wallet improvements with EIP 3074 integration appeared first on CryptoSlate.
Hong Kong is on the cusp of approving its first spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) with potential final approvals as early as Monday, according to Bloomberg, citing two people familiar with the matter. This move positions Hong Kong as a pivotal player in the Asian cryptocurrency market and underscores its ambition […]
On-chain data shows that the Ethereum trader has already transferred the tokens to another crypto wallet.
Blast-based lending protocol Pac Finance confirmed that its liquidation threshold was changed unexpectedly without prior information to its team, resulting in significant user losses. This issue is representative of the ongoing challenges faced by DeFi protocols on the Ethereum layer-2 network, Blast. Last month, Munchables, a web3 game operating on this network, suffered a loss […]
The post Blast-based Pac Finance unexpectedly liquidates users for $26 million appeared first on CryptoSlate.
Under its deal with RedStone, Ether.Fi will dedicate $500 million to help secure RedStone's data oracles, which are used to pass information between blockchains and the outside world.
The update would add an improvement proposal inclusive of new operating instructions for wallets that gives them smart contract-like features.
The post Ethereum (ETH) Price Gears Up for Another Rally to $5,000 Fueled by Bitcoin Halving FOMO appeared first on Coinpedia Fintech News
Ethereum (ETH) price has consolidated between $3,649 and $3,446 in the past four weeks as the bulls attempt to establish a fresh momentum. The large-cap altcoin, with a fully diluted valuation of about $424 billion and a daily average trading volume of around $14 billion, has significantly benefited from the mass adoption of web3 projects …
Ethereum price stayed above the $3,400 support zone. ETH is recovering losses, but it must clear $3,600 to continue higher in the near term. Ethereum extended its decline and tested the $3,400 support zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it stays above the $3,500 support zone. Ethereum Price Aims Higher Ethereum price extended its decline below the $3,500 level. ETH even spiked below the $3,450 support before the bulls appeared. The price traded as low as $3,408 and recently started a recovery wave, like Bitcoin. There was a move above the $3,500 resistance zone. The price climbed and tested the 50% Fib retracement level of the downward move from the $3,726 swing high to the $3,408 low. Besides, there was a break above a connecting bearish trend line with resistance at $3,500 on the hourly chart of ETH/USD. Ethereum is now trading near $3,500 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,600 level or the 61.8% Fib retracement level of the downward move from the $3,726 swing high to the $3,408 low. Source: ETHUSD on TradingView.com The first major resistance is near the $3,650 level. The next key resistance sits at $3,725, above which the price might test the $3,780 level. The key hurdle could be $3,800, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,880 zone. If there is a move above the $3,880 resistance, Ethereum could even rise toward the $4,000 resistance. Another Decline In ETH? If Ethereum fails to clear the $3,600 resistance, it could start another decline. Initial support on the downside is near the $3,520 level. The first major support is near the $3,500 zone. The next key support could be the $3,400 zone. A clear move below the $3,400 support might send the price toward $3,320. Any more losses might send the price toward the $3,240 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $3,520 Major Resistance Level – $3,600
The "restaking" protocol with $15 billion in deposits won't pay rewards to depositors and is missing its mission-critical "slashing" feature.
P2P.org’s new SaaB model aims to help businesses better handle staking functionalities, promotion and revenue generation.