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Cryptocurrency News Ethereum

Analyst: It’s “Hard to See” Ethereum Going Fully Bullish Without Wall Street

Despite a brutal bear market that shook out most investors, Ethereum is fundamentally stronger than ever. David Hoffman, the CCO of RealT and a podcaster in the industry, accentuated this in the tweet below. The tweet notes that a number of Ethereum’s usage metrics and use cases are at all-time highs, despite the meager price Read more…

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Cryptocurrency News DeFi Ethereum

Some Ethereum DeFi Users Are Making 100% APY But There Are Multiple Risks

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…

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Cryptocurrency News DeFi Ethereum

Ethereum DeFi Is “Going Parabolic” But ETH Isn’t Following: Investors Guess Why

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…

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Cryptocurrency News Ethereum Uncategorized

Ethereum DeFi Protocol Assures “User Funds Are Safe” After Rumored Attack

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…

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Cryptocurrency News Ethereum

The Ethereum Investment Case Has This Unexpected Achilles’ Heel

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…

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Bitcoin Cryptocurrency News Ethereum

It’s “Extremely Unlikely” Ethereum Passes Its 2017 High Against Bitcoin: Here’s Why

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…

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Cryptocurrency News Ethereum

Another Sketchy Ethereum Transaction: User Pays $500k Fee to Send 3,200 ETH

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…

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Cryptocurrency News Ethereum

Here’s Why Ethereum Is a Poor Investment According to Fund Managers

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…

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Cryptocurrency News Ethereum

We Are Near a “Plateau” for Ethereum DeFi Due to Latency Issues: Top Investor

Decentralized finance has rapidly become Ethereum’s “killer use case,” many analysts have recently said. DeFi, as the sub-sector is now known as, contains nearly $1 billion worth of locked value, along with some of the industry’s most prominent investors and innovators. One Coinbase product manager, Jacob Horne, said on DeFi late last year: “DeFi, or Read more…