Ethereum

What happened  As investors sell off stocks broadly, the “risk-off” trade has made its way to cryptocurrencies. The market has been down sharply since just before the trading opened Thursday, and that’s when a sudden crash hit crypto.  As of 3:30 p.m. ET, the value of Dogecoin (DOGE -3.62%) had fallen 5.4% over the prior 24 hours, Ethereum (ETH -4.97%) was down 7.8%, and The Sandbox (SAND -3.68%) was down 11.8%. Ironically, early Thursday morning, values were up by nearly… Source link

Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern’s $2,870 resistance. Ether/USD price at FTX. Source: TradingView Federal Reserve monetary policy continues to be a major influence on crypto prices and this week’s volatility is most likely connected to comments from the FOMC. On May 4, the United States Federal Reserve raised its… Source link

In 2015, a group of crack blockchain developers unleashed the world’s first blockchain for smart contracts: Ethereum. Their creation now hosts decentralized finance applications worth over $100 billion dollars. But although it’s achieved much success in its seven-year history, Ethereum has become relatively expensive to use and struggled to become scalable. Thus, rival developers have slung their rifles over their shoulders, taken aim at Ethereum, hummed “Fly Me to the Moon” and squeezed… Source link

Bitcoin moved closer to $40,000 during Thursday’s session, as traders continued to react to yesterday’s Fed rate hike. The FOMC opted to increase interest rates by 0.5% during May’s meeting, which is the largest hike in over twenty years. Bitcoin Bitcoin rose for a second consecutive session on Thursday, as bulls were buoyed by the Fed’s decision to increase interest rates. Following yesterday’s surge, BTC/USD climbed even higher during today’s session, as it moved closer… Source link

Bitcoin (BTC/USD) Analysis Bitcoin rises sharply on ease of aggression after Fed rate hike Key Highlights Bitcoin regained above $40,000 after Fed monetary policy. The central bank hiked rates by 50 basis points and decreased its asset buying program. The demand for riskier assets gained as Fed was less aggressive than expected. Technical Analysis Intraday Trend – Neutral On the daily chart, the pair is trading above Tenken-Sen ($39,100), below Kijun-sen ($40,425), and Ichimoku Kumo cloud… Source link

Bitcoin was trading marginally higher on Wednesday, as crypto markets returned to the green ahead of the Fed meeting. ETH also rebounded in today’s session, moving away from its long-term support level in the process. Bitcoin BTC was trading higher on Wednesday, as bulls re-entered the market ahead of today’s Federal Reserve rate decision. Following a floor of $37,585.62 during Tuesday’s session, BTC/USD rallied to an intraday peak of $39,095.11 earlier today. The move came as… Source link

Data shows Ethereum staking has passed another milestone as more than 10% of the total ETH supply is now locked within the contract. Around 12 Million ETH Is Now In The Ethereum 2.0 Deposit Contract As pointed out by an analyst in a CryptoQuant post, the ETH staking rate has observed further surge recently, taking the metric’s value to 10% of the total supply. In case anyone’s not aware of what “staking” is, it’s best to take a look at the “proof of… Source link

A handful of industries and tech workers are shifting from Web2 to Web3 and with this move, awareness of blockchain technology is also spreading. The Ethereum Name Service (ENS) is one project that is looking to help facilitate Web3 adoption by making it easier for DApp users to interact with the Ethereum network. This is accomplished through the creation of human-readable Ethereum addresses that can be converted into the normal machine-readable alphanumeric codes. Data from Cointelegraph… Source link

Charles Hoskinson, a founder of the Cardano blockchain platform and co-founder of the Ethereum blockchain platform, argues blockchain removes a central party and allows for people to work in a decentralized way. Charles Hoskinson, a founder of the Cardano blockchain platform and a co-founder of the Ethereum blockchain platform, provided insight into the technology and where it’s headed, noting that it removes a central party and allows for people to work in a decentralized way.  Source link

Good morning, and welcome to Protocol Fintech. This Tuesday: Otherside’s downside, Robinhood vs. Munger, and Wikimedia drops crypto. Off the chain How long will crypto’s gravy train for consumers last? Crypto.com is cutting back its crypto-linked card rewards and eliminating staking rewards. Its native CRO token tumbled as a result. A marketing land grab means big handouts in the name of customer acquisition: That’s not new to crypto. What is new is how quickly those may disappear this… Source link