Ethereum

Liechtenstein-based crypto exchange LCX has confirmed the compromise of one of its hot wallets after temporarily suspending all deposits and withdrawals on the platform.  The hack was first identified by PeckShield, a blockchain security company, based on the suspicious transfer of ERC-20 tokens from LXC to an unknown Ethereum (ETH) wallet. hot wallet compromised? @lcx https://t.co/uL5a7oCFfM — PeckShield Inc. (@peckshield) January 9, 2022 The probable hot wallet compromise was soon… Source link

What happened  The weekend continues to be a rough time for cryptocurrency holders. The stock market closes on Saturday and Sunday, but digital assets trade 24 hours, 7 days a week and Saturday has repeatedly been a down day for the cryptocurrency market over the past month.  There were drops across the cryptocurrency industry today but a few were more notable than others. Ethereum (CRYPTO:ETH) continues its slide, falling 5.1% in the last 24 hours… Source link

Although the entire market has been facing a downtrend along with Ethereum, the altcoin king holders have surprisingly been in a better position when compared to other coins in the market. Ethereum investors are safe? Indeed they are. The reason behind this is Ethereum’s quick recovery post a price fall. Other altcoins usually fail to post a substantial recovery after a price fall, Ethereum on the other hand observes a price fall in accordance with the rises. Thus, technically Ethereum… Source link

The new opt-in feature turns your idle PC into a cryptominer, with Norton skimming 15% off the top, plus market fees. Image: NortonLifeLock Cybersecurity software company NortonLifeLock is coming under fire for its decision late last year to begin installing Ethereum mining software on its Norton 360 customers’ PCs without their permission… Source link

What happened Volatility among mega-cap tokens hasn’t taken a breather today. In fact, major cryptocurrencies Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) have seen another day of declines. These tokens fell by 3.6% and 6.7%, respectively, over the past 24 hours, as of 9:30 a.m. ET. Popular meme token Dogecoin (CRYPTO:DOGE) also saw significant selling pressure today, dropping 3.8% over the same time frame. Total cumulative losses for these… Source link

Seasoned crypto investors have come to expect volatility. It’s the price of admission for participating in this emerging industry. That being said, it never feels good to lose money, and many popular cryptocurrencies have taken a beating recently. In fact, the crypto market as a whole has fallen 30% from its high in November 2021. This is hardly the first time the market has crashed, and I doubt it will be the last. But every past downturn has been a… Source link

Oversold levels of Ethereum have reached a high that traders hadn’t witnessed for almost two years, according to the Relative Strength Index (RSI). The RSI, an indicator that measures the momentum of assets to analyse overbought or oversold conditions, illustrated the magnitude of Ethereum’s recent price dump.   Per TradingView With the cryptocurrency market suffering from losses up to 20% this week, Ethereum has been one altcoin hit harder than others, as well as Source link

Editor’s note: Seeking Alpha is proud to welcome Thomas Dunleavy CFA as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Ievgeniiya Ocheretna/iStock via Getty Images The investment case for different instantiations of blockchain technology, namely the Ethereum (ETH-USD) network, its native cryptocurrency Ether, and accompanying use cases… Source link

It’s been a rough stretch for cryptocurrencies like ethereum and bitcoin. These are the two largest cryptocurrencies by market cap and they have not had an easy run as of late. Bitcoin is working on its fifth straight daily loss, while ethereum is working on its fifth weekly loss in six weeks. While US stocks were able to hit new all-time highs over the last week — with the exception of the Nasdaq — bitcoin and ethereum have been under intense selling pressure. Like tech stocks, bitcoin… Source link

It wasn’t just stocks taking a hit on Wednesday. Cryptocurrencies also corrected sharply as the market swooned, and Ethereum (CRYPTO:ETH) wasn’t immune to the drawdown. The world’s second-most-valuable digital currency tumbled on Wednesday, down 9% by the time the East Coast hit midnight. Where do we go from here? Is this opportunity knocking, or is the door about to get blown in? Given Ethereum’s stellar returns through its six-year trading history,… Source link