Ethereum

ETH price challenges 21-DMA support amid selling resurgence. RSI turns south but holds above 50.00, keeping bulls hopeful. A rally towards $3400 remains in the offing if $3070 holds. Ethereum, the no.2 widely traded digital asset, is feeling the pulling of the gravity once, extending its bearish momentum into the second straight day this Sunday. With the selling resurgence, ETH price reverses half the rebound from weekly lows of $3050 reached last Friday. The… Source link

A slew of smart contract platforms have been surging in price over the past 30 days, and blockchain analytics firm Glassnode is digging into the metrics to determine whether or not any of these platforms can compete with Ethereum (ETH) in the future. Avalanche (AVAX), Solana (SOL), and Terra (LUNA) have all exploded over the past month, gaining 292.9%, 212.2%, and 191.4% in value, respectively, according to CoinGecko.   Glassnode first discusses the “spike in interest” on AVAX… Source link

A flaw in the most popular software used to verify transactions on the Ethereum network nearly triggered a crisis for the world’s most widely used cryptocurrency blockchain. About half of the Ethereum ecosystem split into a separate chain after a bug in the Go Ethereum, or Geth, software effected users who hadn’t implemented an update meant to fix the mistake, said Maddie Kennedy, a spokesperson at the cryptocurrency research firm,… Source link

The world’s second-largest cryptocurrency network, in terms of market capitalization, Ethereum, saw a chain split today as a software bug affected a large quantity of full node clients. In mid-August, developers discovered a vulnerability and distributed an update called “Hades Gamma” to resolve the problem. However, a large number of full node clients did not leverage the patch and the network forked. Old Geth Clients Forgot to Upgrade, Ethereum Network Splits in Two A number… Source link

The rise of decentralized finance and nonfungible tokens has transformed the blockchain ecosystem and generated near unimaginable riches for investors, but none of this would be possible without the strong foundation offered by layer-one blockchain networks like Bitcoin and Ethereum.  Smart contracts and layer-two protocols promise to revolutionize the finance and logistics industry, but they require a robust, secure and distributed network to operate on and to ensure their immutability…. Source link

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What happened The prices of cryptocurrencies continued their multiday slide Thursday morning as investors weighed recent comments regarding efforts to regulate the industry. Here’s how some of the most recognized assets were trading as of noon EDT: Image source: Getty Images. So what All three assets were still up by more than 50% over the past month, so it shouldn’t concern holders that they are giving back some of those gains. What may be of… Source link

The roller coaster ride of the crypto market prompted whales to transfer over $500 million in Ethereum in 13 unrelated trades on Tuesday and Wednesday of this week, The Daily Hodl reported on Thursday (Aug. 26). Whales — individuals or entities holding a large amount of a particular cryptocurrency — are taking advantage of a market upswing and unloading an enormous amount of Ethereum to unknown wallets, according to the report. Ethereum, a blockchain platform with its own cryptocurrency,… Source link

Ethereum is currently trading back below $3,100 following a gruelling sell-off across the entire cryptocurrency market overnight. The industry’s second-largest asset has enjoyed a fruitful month of price action, rallying from $1,700 in July to a monthly high in August of $3,390. However, the tide appears to have turned in the short-term, with Ethereum failing to close a daily candle above $3,320 following a string of stubborn attempts. Key levels of support remain at $3,000 and $2,880,… Source link

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