Ethereum has been moving in close tandem with Bitcoin throughout the past several days and weeks, struggling to garner any independent momentum as it ranges This sideways trading has done little to bolster the cryptocurrency’s bull case That being said, analysts have been pointing to its fundamental strength as a reason why it may soon Read more…
Unlike Bitcoin, which has stalled in the low-$9,000s, Ethereum-based decentralized finance (DeFi) has seen exponential growth over the past few weeks. Camila Russo, a former Bloomberg journalist turned Ethereum publicist, noted on June 19th that the amount of value locked in DeFi applications is up 40% in the past seven days alone. Due to a Read more…
For months now, decentralized finance has been deemed one of Ethereum’s “killer use cases.” The concept of migrating financial services onto a relatively decentralized platform has been deemed a genius idea by many investors. Over the past few weeks, this has culminated in rapid growth in DeFi protocols. According to DeFiPulse, there is now in Read more…
One of Ethereum and crypto’s “hottest use cases,” decentralized finance, got a big scare on June 17th as some market participants thought that a key application was being attacked by a bad actor. The application’s operators have since assured the community that user funds are safe. Ethereum DeFi Protocol ‘Hack’ Scares Users On June 17th, Read more…
Ethereum has been closely tracking Bitcoin’s price action throughout the past several weeks and even months, struggling to garner any independent momentum This correlation has grown particularly clear over the past few weeks, as ETH is now trading within a firm consolidation channel alongside BTC and other altcoins It is important to note that one Read more…
The mining pool, which processed a mysterious Ethereum transfer carrying a needlessly excessive $2.6 million transaction fee, has announced it will distribute the millions among its miners. Bitfly, which operates the Ethermine mining pool, announced the decision on Monday, stating that four days is long enough for someone to have come to claim it. Miners Read more…
With the next crypto bull run on the horizon, investors have speculated that Ethereum will be one of this cycle’s best investments. As reported by Bitcoinist previously, Chris Burniske, a partner at Placeholder Capital, said that he thinks Ethereum could rally to $7,500 in the coming years: “If BTC goes > $50,000 in the next Read more…
From a price perspective, Ethereum’s golden age has long passed. In 2017, the second-largest cryptocurrency saw a parabolic bull run that eclipsed that of most other top cryptocurrencies, Bitcoin included. There was a point in 2017 when one ETH was worth approximately 0.17 BTC (on Coinbase). Ethereum rallied so far and so fast that for Read more…
Yesterday, the Ethereum blockchain saw two suspicious transactions: a single, unmarked address unknown by the crypto public sent two transactions both with a transaction fee of 10,668 ETH during a 16-hour time span. The first transaction, which cost $2.5 million, sent $130 of value. And the second, which also cost $2.5 million, sent $87,000 worth Read more…
The past few months have seen investment demand for Ethereum increase strongly. Nothing shows this as well as Grayscale’s Ethereum Trust, a regulated and publicly-tradable investment vehicle that is backed by ETH. A share of the trust, which corresponds with 0.094 ETH, reached a value of $239.50 last week on secondary markets. This means that Read more…