Waiting game: Why Friday’s $6B in Bitcoin and Ethereum expiries may not move ...
Traders are looking for BTC and ETH to make a decisive move ahead of Friday's $6 billion in quarterly futures and options expiries, but what does back-tested data show? After an incredible start in 2021, Ether peaked at $4,380 on May 12 but has dropped 55% since then. Unlike the leading cryptocurrency, the Ethereum network faces competition from projects that do not depend on proof-of-work, hence not facing the bottleneck issues that caused transaction fees to skyrocket.Whenever markets disappoint traders with a negative surprise, traders quickly seek external explanations for their....
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When things get more complicated, and layer upon layer of functions and interacting smart contracts are built, the average user will no longer be able to make sense of it all. Despite all of the focus on the Ethereum ecosystem right now, one of the questions waiting to be answered is when the first project making great use of this protocol will come to fruition. Gavin Andresen is waiting for that project as well, and he feels how Ethereum smart contracts could potentially cause issues. It is important to note Gavin Andresen is not hostile towards Ethereum by any means. During a recent AMA....
Ethereum 2.0 finally launched yesterday after months and even years of waiting. According to data from Dune Analytics, more than 900,000 ETH, worth over $500 million, was locked into Ethereum 2.0’s Beacon Chain. This is 166% more than the threshold of 524,288 coins required to launch the upgrade. There were 2,700 unique depositors running over 20,000 validator nodes. Ethereum 2.0 Launch Stats Ethereum 2.0 finally launched yesterday. After months of waiting, the first phase of […]
Ethereum price weakened this past week versus the US dollar, and currently waiting for ETH/USD buyers to step in for a recovery. Key Highlights. Ethereum price traded lower against the US Dollar this past week, but remained above a major support. There is a crucial bullish trend line formed on the 4-hours chart of ETH/USD (data feed via SimpleFX), which is acting as a support area. As long as the price is above the trend line support, there is a chance of an upside move. Ethereum Price Correction. Ethereum price ETH was seen struggling throughout this past week against the US Dollar and....
Regulators, banks and private blockchain consortiums aren’t particularly enthused about a public blockchain or distributed ledger providing the platform for banking or financial services, going by the common sentiment at an industry conference in London today. While they don’t want to go the way of bitcoin and other decentralized cryptocurrencies, the threat of the ‘uberification’ of financial industry still looms, making some insiders anxious. It’s still a waiting game for regulators who are yet to determine if fintech startups are innovating with open methodologies or a vetted model with....
Gamers that are also into crypto have been waiting for a game that includes digital assets and is actually fun to play. Blockchain games have been quite popular among crypto enthusiasts for a long time because they use cryptocurrency as an in-game tool.In these kinds of games, blockchain technology is used to secure the absolute ownership of game items, represented by tokens.For example, by purchasing an in-game nonfungible token (NFT), a player can be sure that he possesses a truly rare item that can be stored and controlled outside the game. This ownership provides a completely new....