Bill Gurley. Brian Ach/Getty Images for TechCrunch Venture capitalist Bill Gurley is personally betting on ethereum‘s success after the cryptocurrency network’s community won him over. “I have to say I was swayed by the arguments of the ethereum crowd,” he told Bloomberg in an interview on Wednesday. “And so, I’ve taken a personal position – not something to Benchmark.” Gurley, a general partner at Silicon Valley VC firm Benchmark, didn’t specify how much he invested. Ethereum fans… Source link

Ethereum Ethereum rose by 1.82% on Wednesday. Partially reversing a 4.55% loss from Tuesday, Ethereum ended the day at $3,228.51. A mixed start to the day saw Ethereum fall to a mid-morning intraday low $3,079.92 before making a move. Ethereum fell through the first major support level at $3,083 before rallying to a late afternoon intraday high $3,249.00. Falling short of the first major resistance level at $3,310, however, Ethereum slipped back to sub-$3,200 levels before ending the day at… Source link

In 2018, Andrew Schober was digitally mugged for approximately $1 million worth of bitcoin. After several years of working with investigators, Schober says he’s confident he has located two young men in the United Kingdom responsible for developing a clever piece of digital clipboard-stealing malware that let them siphon his crypto holdings. Schober is now suing each of their parents in a civil case that seeks to extract what their children would not return voluntarily. In a… Source link

As Ethereum gas fees surge, it is getting expensive to transact on the Ethereum blockchain.  Lower value non-fungible tokens may be hit hard with rising Ethereum gas fees that could eliminate the bottom of the NFT market. $2 billion worth of Ethereum deposited to exchange wallets may belong to whales looking to take profits.  Ethereum’s climb toward its May all-time high of $4,356.99 is interrupted by the ongoing consolidation. Nearly 600,000 Ether was deposited to… Source link

Altcoins and DeFi tokens have been on a tear for the last two weeks  and as the end of August approaches many projects are seeing their tokens reach for new all-time highs. Data shows that a majority of the top-10 DeFi tokens gained more than 20% in the past 30-days, with projects like Bancor (BNT) and THORChain (RUNE) seeing gains in excess of 115%. Top-10 DeFi assets by price. Source: Messari Here’s a look at some of the factors behind the current boost to DeFi tokens and the projects… Source link

Ether (ETH) will face a critical $820 million monthly options expiry on Friday, Aug. 27. That will be the first time that $3,000 and higher options will have a real fighting chance, even though bulls seem to have missed a good opportunity to dominate the expiry because they were too optimistic about Ether’s price potential. It is unclear why $140 million of the neutral-to-bullish call options were placed between $3,800 and $8,000, but these instruments will likely become worthless as the… Source link

Litecoin (CRYPTO: LTC) is trading up alongside the rest of the crypto market on Wednesday. Some other popular crypto tickers moving higher include Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Ethereum Classic (CRYPTO: ETC) and Dogecoin (CRYPTO: DOGE). Litecoin was up 1.64% at $177.43 at last check Wednesday afternoon. Litecoin Daily Chart Analysis Litecoin looks to be forming into what technical traders call an ascending triangle pattern. The… Source link

This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here. Pulse check The following is an overview of network activity on the Ethereum 2.0 Beacon Chain over the past week.  For more information about the metrics featured in this section, check out our 101 explainer on Eth 2.0 metrics.  Data as of Aug. 24, 2021, 20:28 UTCSource: Beaconcha.in, Etherscan Data as of Aug. 24,… Source link

The amount of Ether (ETH) held by all cryptocurrency exchanges has declined dramatically in the previous 12 months. Blockchain analytics firm CryptoQuant reported that Ethereum reserves on trading platforms dropped 26.29 million ETH to 19.22 million ETH year-on-year (YoY), indicating that traders’ preference to hold their tokens increased. At least the Ether price performance in the same period indicates the same. Between August 25, 2020, and press time, the ETH/USD exchange rate exploded by a… Source link

CRYPTOCURRENCIES including Litecoin have attracted attention from investors in 2021 – but they come with plenty of risks. You’ve probably heard of Bitcoin, but maybe not its so-called “little brother” Litecoin. We explain what you need to know. 1 The little brother to Bitcoin – Litecoin – is a cheaper and quicker alternativeCredit: Reuters Whether you decide to invest in either Bitcoin or its little brother, both come with a number of risks because they are cryptocurrencies. When it… Source link