Ethereum (ETH)

NFTs And DeFi Sectors Show No Prominent Signs Of Sustaining Any FTX Pressure

NFTs And DeFi Sectors Show No Prominent Signs Of Sustaining Any FTX Pressure

The devastating impacts that the crypto industry has been facing presently also include the immense pressure caused by FTX’s collapse. The Crypto market is likely to incur further losses and invite more turmoil because of FTX. DappRadar’s Report Show Signs of Strong Resilient However, within these turbulent times, DappRadar’s report indicates a strong presence of resilience in the crypto market stemming from NFT and DeFi sectors. Although the impact of FTX collapse was also felt by decentralized finance (DeFi), however, instead of declining, user activity has increased significantly. Since the past month, the user activity has not only come back…
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Lead Digital Currencies BTC And Ethereum Technical Analysis

Lead Digital Currencies BTC And Ethereum Technical Analysis

Global trade markets, particularly the ones in the US, are reacting positively to the minutes of the FOMC’s latest meeting as a result of which Ethereum’s value went past $1,200. The minutes of the meeting suggested that interest rates though be increased yet not so exorbitantly but lesser than the previous months. Bitcoin’s performance however was relatively unchanged as neither there were any prominent gains or declines. Bitcoin’s Reaction to FOMC’s Minutes Federal Open Market Committee’s (FOMC’s) meeting had taken place and the minutes have been recorded and circulated too. The minutes of the meeting revealed that a small increase…
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A Great Battle Going On Between Ether Bears And Bulls, Making $1,200 A Battleground

A Great Battle Going On Between Ether Bears And Bulls, Making $1,200 A Battleground

As the last weekend began, the trading price of both Bitcoin and Ether was down. They started experiencing declines in their values, which is because the investors lost their interest in the assets. The bears were in strong spirits as they kept bashing the bulls and continued with their onslaught. They kept pulling the trading prices of both assets. Although Bitcoin was able to show some signs of a bullish move, Ether bulls were not able to make much of a difference with their buying power. ETH Price was to lose $1,200 Compared to the rest of the weekend, Saturday…
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Bitcoin And Ether Investors Are Still Traumatized By FTX Crash

Bitcoin And Ether Investors Are Still Traumatized By FTX Crash

The fallout of the FTX crash seems to be much more than the market analysts had expected. Despite the FTX Token (FTT), the native token of FTX taking most of the damage, other cryptos are also badly affected. This is not a good sign for the entire cryptocurrency because if the trauma of the FTX crash does not go away, the entire crypto industry may continue suffering. Bitcoin and Ethereum Feel the Pressure Even the two largest cryptocurrencies are not able to save themselves from the FTX catastrophe. Bitcoin and Ethereum continue losing their investors as they have been losing…
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Crypto.Com Accidentally Sent Ethereum Worth $400 Million To The Wrong Address

Crypto.Com Accidentally Sent Ethereum Worth $400 Million To The Wrong Address

After the shocking downfall of crypto exchange FTX, other centralized crypto exchanges have found themselves under the microscope and this applies to Crypto.com as well. Customers of the exchange became quite concerned after Kris Marszalek, the CEO, acknowledged that they had accidentally sent about 320,000 ETH tokens to a public address that was registered at a rival exchange. At the time of the transaction, the tokens were valued at $400 million. Accidental transaction Etherscan’s blockchain records show that Crypto.com transferred about 80% of its total ETH reserves on October 21st to an address on competitor exchange Gate.io. This was just…
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Trading Price of LINK Expects a 50% Correction as Chainlink Witnesses a Plunge

Trading Price of LINK Expects a 50% Correction as Chainlink Witnesses a Plunge

The price of the native token of the Chainlink network “LINK” ended up taking a fall in the recent trading session. The market downtrend has continued harming the trading price of LINK, bringing its trading price down to an alarming level. On November 8, a major downtrend took place that reportedly pulled the trading price of the entire crypto-verse. Like the rest of the major tokens such as Bitcoin and Ether, LINK also found itself being an unfortunate asset. LINK Price Plunged 10% On that particular day, LINK’s trading price dipped by almost 10%. Following the plunge, the trading price…
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Google Shares Data That Shows Bitcoin Is Losing Traction While Web3 Is Gaining Popularity

Google Shares Data That Shows Bitcoin Is Losing Traction While Web3 Is Gaining Popularity

Over time, the interest of the internet community has started to fade in favor of Bitcoin (BTC). However, people are curious to know as much as they can about the new technology ‘Web3’. Google Shares Interesting Trend Details Google has recently shared its data about the interest of the existing and potential cryptocurrency community in Bitcoin and other crypto market trends. The data shared by Google is quite interesting and goes to confirm that the interest of the crypto community has finally started to shift from Bitcoin. The cryptocurrency industry has been around for more than a decade. Since 2009,…
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Fidelity Has Announced It Is To Offer Clients Trading And Custody In ETH

Fidelity Has Announced It Is To Offer Clients Trading And Custody In ETH

Fidelity Digital Assets has reportedly made an announcement of offering new services to its clients. The asset manager, which is responsible for the management of $4.5 trillion in assets is getting into crypto. Fidelity Investments Enters Crypto Fidelity Digital Assets officials announced that they would provide their clients with access to trading services and custody of Ether (ETH). The officials confirmed that Fidelity Digital Assets would not be dealing with the crypto sector directly. Instead, it would let its cryptocurrency wing ‘Fidelity Investments’ do the job. Fidelity Investments aims to launch the service the by end of this month. Fidelity’s…
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Following Ethereum Merge, GPU Prices In China Have Recorded A Major Dip

Following Ethereum Merge, GPU Prices In China Have Recorded A Major Dip

It has been less than 15 days since the Merge was implemented on the Ethereum blockchain. The upgrade reportedly moved the Ethereum blockchain consensus from proof-of-work (PoW) to proof-of-stake (PoS). Mining Rigs Rendered Useless As the consensus protocol changed entirely, the mining for Ethereum (ETH) has become rather useless. In the past, the prices of the cryptocurrency mining rigs including the GPUs used for providing the computational power were in high demand. Prior to the implementation, Ethereum was based on the proof-of-work consensus. This meant that the adoption driving mechanism for ETH was mining it, increasing its computational power, and…
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Tornado Cash Is Back On GitHub After OFAC Guidance

Tornado Cash Is Back On GitHub After OFAC Guidance

Tornado Cash, the Ethereum coin mixer that had previously been taken down is now once more back on GitHub, the software hosting website. Last month, the crypto mixer had been blacklisted by the OFAC (Office of Foreign Assets Control) of the United States Department of the Treasury because it allowed users to receive and send Ethereum anonymously. After the sanctions, American citizens were no longer permitted to interact with the app, which obscures the origin of transactions by pooling them together. Tornado Cash is back Only hours after the OFAC had made its announcement, the software hosting website that developers…
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Report Shows Ethereum’s Carbon Footprint Down 99.99% After Merge

Report Shows Ethereum’s Carbon Footprint Down 99.99% After Merge

The long-awaited merge of the Ethereum network was successfully completed and it had been designed to cut down the overall energy consumption of the blockchain network drastically. Apparently, it has accomplished this goal, as an initial report showed that the carbon footprint and energy needs of Ethereum have declined more than anticipated. The report ConsenSys, the Ethereum-centric software company, had commissioned the report in question from the Crypto Carbon Ratings Institute (CCRI). It claimed that 99.99% less energy is used by Ethereum now, as compared to before the merge. It also suggested that there was also a 99.99% decline in…
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Here’s What Bitcoin’s (BTC) Whales Are Doing – Should You?

Here’s What Bitcoin’s (BTC) Whales Are Doing – Should You?

Bitcoin (BTC) has entered the 6th day of low activity while swaying inside a nine-week ascending support level. Its ongoing performance underscored the surged uncertainty following the bearish actions it recorded the previous week. In most scenarios, dip-pocketed individuals make moves when retailers wait for clarifications on market direction. Probably, assessing whale action in Bitcoin could offer to clarify possible outcomes from the market. Assessing Institutional Demand It remains logical to evaluate actions by institutions since they boast massive buying power and have strong market influence. The Purpose BTC ETH holdings remained a dependable indicator for measuring institutional demand. Beware…
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ETH Whales Reignite Shiba Inu Interest: Deciphering Details

ETH Whales Reignite Shiba Inu Interest: Deciphering Details

Ethereum whales appear to have switched from their past move to leave SHIB out of top holdings. Remember that these dominant investors exited a 3-figure million-dollar Shiba Inu holdings. However, the meme coin sees renewed interest. WhaleStats data shows the leading 100 Ethereum whales have purchased $SHIB worth more than $37 million within the last 24 hours. The revival has SHIB balances by the dominant 1,000 whales hitting $162.12 million. Furthermore, the accumulation didn't end at numbers only. It stretched as Shiba Inu's price retained a positive trend. According to Coinmarketcap, Shiba Inu changed hands at $0.0000145 during this writing,…
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Uniswap (UNI) Endures a Massive Hit; Why HODLing Might Be the Solution

Uniswap (UNI) Endures a Massive Hit; Why HODLing Might Be the Solution

Uniswap (UNI) nears a critical junction as the top decentralized exchange faces a gripping condition. The protocol has witnessed a barren run since overtaking Curve in most utilized DEX. For instance, Uniswap registered new lows in July, with trading volume plummeting to $37.8 billion, 2022's lowest mark. Furthermore, July's figures remain far by $24.8B from May's $62.7 billion – the yearly peak. Do Not Leave Yet Surprisingly, Uniswap has stayed busy lately after surging on the charts in market cap. UNI's growth over the week reflects such developments. Nevertheless, the altcoin endured a brief fall as other leading cryptos recorded…
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Evaluating What ETH Merge Might Mean for Ethereum Classic (ETC)

Evaluating What ETH Merge Might Mean for Ethereum Classic (ETC)

Ethereum Classic arrived in the marketplace as a hardfork outcome of the Ethereum (ETH) split in 2016, and it appears to remain in touch with the dominant alt. ETC climbed to new highs some hours after Ethereum concluded the Goerli testnet. July sessions saw Ethereum Classic hitting a 3-month peak after Ether's previous testnet before the Goerli. Indeed, the Merge looks to be a determiner in ETC's subsequent rallies. While publishing this news ETC changed hands at $43, gaining more than 10% within the past day. Meanwhile, the price levels represented the highest for the alt since March's final week.…
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Ethereum (ETH): Should Traders Execute Long Bets with Unsure Merge Date?

Ethereum (ETH): Should Traders Execute Long Bets with Unsure Merge Date?

Ethereum's migration into a PoS (proof-of-stake) mechanism continues to dominate debate in the blockchain industry. On August 11, the network's core developers confirmed a possible ETH Merge date. Meanwhile, the platform should complete Paris and Bellatrix upgrades before the ultimate Merge into a PoS blockchain. Meanwhile, developers confirmed completing Bellatrix on September 6, whereas Paris will arrive after the platform's hash rate hits a specific mark – a TTD (Total terminal difficulty) of 5875000000000000000000 – anticipated by September 16. This announcement triggered swift uptrends in ETH prices as the altcoin rallied above $1,900, a level it hasn't touched since May.…
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Ethereum (ETH) Struggles Beneath $2K amid Bearish Control – Technical Analysis

Ethereum (ETH) Struggles Beneath $2K amid Bearish Control – Technical Analysis

Ethereum finds challenges to overcoming the resistance zone at $2K. The altcoin maintains declines, though still beyond the vital support floor of $1,920. Key Points Ethereum reveals bearishness beneath the $2K hurdle. The altcoin trades beneath $2K and 100 hourly SMA. The 1hr chart shows a massive bearish line developing with resistance at $1,970. A decisive move beneath the $1,920 support can trigger sharp declines. Ethereum Settles Beneath $2,000 Ethereum recorded upswings beyond the $1950 hurdle and 100 hourly SMA. Nevertheless, bears halted the uptrends at the coveted $2K mark. The alternative token launched downtrends from the swing high of…
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Dogecoin (DOGE) Still Faces Rejection Beneath $0.1 – Price Analysis

Dogecoin (DOGE) Still Faces Rejection Beneath $0.1 – Price Analysis

Dogecoin's price reveals stagnations near the $0.08 level. The meme coin has hovered near $0.1 since the 11 May colossal fall. Dogecoin's 24hr trading volume declined by 32%. Dogecoin price exhibits bearish signals today, maintaining similar trends seen over the previous three days. The meme coin has stagnated near the $0.08 level. While publishing this content, Dogecoin traded at a day high at $0.08647, gaining 2.48% within the past 24 hours. Nevertheless, Dogecoin has failed to trigger sustained upswings since the 11 May massive crash. The current price action reveals stagnation conditions, and the meme coin might drop before uptrends.…
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Shiba Inu (SHIB) Hits 7-Month Lows as Bears Dominate Markets

Shiba Inu (SHIB) Hits 7-Month Lows as Bears Dominate Markets

The ongoing bearish sentiment in the crypto world sees the renowned dog token Shiba Inu crashing towards its 7-month lows on Monday. The previous 24 hours saw Shiba Inu losing 8.9% towards the $0.00001723 (Coinmarketcap data). The canine-themed crypto maintained downtrends over the past week, losing nearly 19% within seven days. That had SHIB exploring value areas last witnessed in October 2021. For now, Shiba Inu ranks 15th in the cryptocurrency list by value, its market capitalization standing briefly beyond $9.5 billion. The latest slump in the Dogecoin competitor emerged despite the recent efforts by the community to keep the…
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Ethereum (ETH): What Derivatives Data Presents Amid Dreary Price Action

Ethereum (ETH): What Derivatives Data Presents Amid Dreary Price Action

Ethereum's upward actions fizzled as the leading altcoin failed to recover losses incurred during 2022 Q1. The crypto retained an impressive attitude toward April end as it hovered around the $3K mark. However, massive bearishness within the marketplace saw the crypto surrendering critical support that might have helped ETH rebound towards $3,200. This spot is a 23.6% FIB retracement area, matching $2,815, which Ethereum tested two days ago but could not close beyond the zone. The 8.4% crash that followed dragged the token towards value levels of $2,686 at this publication. Now, the vital question remains, Can ETH Explore the…
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