Ethereum

Ethereum price sees long holders stuck in a bull trap. ETH price faces headwinds coming from  tailwinds that flaring up again at the US closing bell. Expect to see losses mounting up again with a possible retest of this year’s low. Ethereum (ETH) price is revealing a not-that bright picture for bulls this week, both from a technical perspective and because of ballooning tail risks. As bulls could not manage a close above a crucial technical hurdle, price action… Source link

Last week, Lido put forward a governance proposal to limit the amount of Ethereum that users can stake after facing criticism from the crypto community. “Who will be the first staking provider to publicly commit to limiting themselves to not operating more than 22% of validators on the chain?” tweeted Ethereum’s Beacon Chain community manager Superphiz. “Who do you want to see step up to the plate and prioritize beacon chain health above profits?” Lido is a liquid staking service, that lets… Source link

Ethereum [ETH] founder Vitalik Buterin, gave props to the EOS blockchain in response to a question posed by an Ethereum employee. Interestingly, Buterin’s response suggests that he believes EOS is a better blockchain than Ethereum. EOS is Ethereum On Steroids. The name reflects the fact that the core team learned from Ethereum’s amateurish naivety and idealism, and built out a team of professional top-talent software developers that created a smart contract platform with… Source link

In brief Blockchain network Chia has launched its first NFT standard on mainnet. Chia Network’s Gene Hoffman claims that it provides benefits over Ethereum and Solana, which have thriving NFT markets. Ethereum currently rules the NFT market in both trading volume and high-value projects, with rising rival Solana trailing behind on both markers. But there’s an incoming entrant that aims to deliver where it claims that both competing blockchain platforms fall short: Chia. Chia turned heads… Source link

  Bitcoin price is moving lower towards USD 20,000. Ethereum is testing USD 1,150, XRP is approaching USD 0.320. Only several altcoins are in the green today. Bitcoin price failed to start a stronger increase above the USD 21,200 level, started another decline, and traded below USD 21,000. It is currently (04:07 UTC) trading near USD 20,300 and is down 2% in a day and a week. Similarly, most major altcoins are showing signs of more… Source link

Ethereum has been closing red week after red week for the past 11 weeks. It is the longest red streak that has been recorded in the history of the cryptocurrency, hence, it carried significant implications for the digital asset. Through the decline, it has been one of the worst-hit coins, performing poorly compared to the other cryptocurrencies at this time. However, the digital asset has now closed its first weekly green candle in three months and things are looking up. Better Days Ahead

Cryptocurrency storage firm Anchorage Digital today announced the launch of an Ethereum staking service for institutions, which will be able to earn rewards linked to the second-biggest digital asset by market cap. Institutions can now stake #ETH with @Anchorage. Learn what institutions need to know about the ETH upgrades, why they should stake ETH & how they can collect rewards through Anchorage. Read more here ⬇️: https://t.co/0TkwoGjXHV — Anchorage Digital (@Anchorage) June 28,… Source link

The bulls have dominated the market for the past few days. A 40% growth in 10 days can surely be interpreted positively, but it’s important to examine all scenarios. Technical Analysis By Grizzly The Daily Chart The price is currently stuck below the resistance zone on the daily time frame, as shown in the chart. This zone ranges from $1300 to $1500 (in red) and was expected to provide solid support during the sharp collapse earlier in June – which it obviously failed to… Source link

The hackers responsible for stealing $100 million in altcoins from Harmony Protocol‘s Horizon bridge have begun to launder the funds, according to PeckShield. The hackers sent three transactions from the address used in the June 23rd hack totaling around 30K ETH (around $36 million) to the mixing service Tornado Cash, with $64 million still in the hacker’s Ethereum wallet, according to blockchain analysis by the blockchain security company. 1/ The Harmony team has identified a theft… Source link

Ethereum, the world’s second largest blockchain, should switch over to a completely new version this year, one that will change basically everything about how it operates. The Ethereum Foundation calls the new version “The Merge,” but many others refer to it as “Ethereum 2.0.” Why it matters: For blockchain critics, it will massively reduce the energy consumption of Ethereum (maybe by 99%). For ether holders, it will reduce the emissions of that coin, which should improve price… Source link