Ethereum

In T-minus 10 days, the Ethereum blockchain will undergo its 11th backward-incompatible upgrade, also called a “hard fork.” This hard fork, dubbed “London,” contains five Ethereum Improvement Proposals (EIPs), each featuring code changes aimed at optimizing and improving the world’s second-largest cryptocurrency by market capitalization.  Of these five EIPs, EIP 1559 has been the most controversial among Ethereum stakeholders due to its radical redesign of the network’s fee… Source link

What happened: The largest Ethereum-based (CRYPTO: ETH) decentralized cryptocurrency exchange has delisted several tokens ahead of anticipated regulatory scrutiny. Uniswap has removed Tether Gold and tokenized stocks from crypto derivatives platforms like Synthetix. The move by Booklyn-based Uniswap Labs is in response to US laws preventing the company from selling certain investments. Why it’s important: The delistings come after an international crackdown on Binance, the world’s largest… Source link

What Happened: Bitcoin (CRYPTO: BTC) is trading higher over multiple days, coming off a July 21 low of 29296.39 to a peak of over 34,000 Saturday July 24, a move of over 15%. Meanwhile, Ethereum (CRYPTO: ETH) is bouncing off a low of 1717.17 on Wednesday to a peak of over 2180 at the time of publication, up over 25% in four days. Why It’s Important: The two leading cryptocurrencies have been range bound since a major correction earlier this year. Bitcoin set an all-time high of 64900 on April… Source link

In the past two decades, index and exchange-traded funds (ETF) have become some of the most popular forms of investing because they offer investors a passive way to gain exposure to a basket of stocks as opposed to investing in individual stocks which increases risk of loss.  Since 2018, this trend has extended to the crypto sector and products like the Bitwise 10 Large Cap Crypto Index (BITX) tracks the total return of Bitcoin (BTC), Ether (ETH), Cardano (ADA), Bitcoin Cash (BCH), Litecoin… Source link

What happened It’s finally Friday, and while this morning it looked like cryptocurrencies would end the week on a high note, things got ugly in a hurry. Buoyed by good news out of investment bank JPMorgan Chase, the price of Bitcoin (CRYPTO:BTC) bounced nearly 2% out of the gate, Ethereum (CRYPTO:ETH) ran past 3%, and Dogecoin (CRYPTO:DOGE) briefly passed a 4% gain. But things took a sudden turn for the worse around about 10:30 a.m. EDT, and have… Source link

What happened Has Dogecoin (CRYPTO:DOGE) ever had a better friend that Elon Musk? Well, not today. For months, the Tesla (NASDAQ:TSLA) boss has off-and-on hyped or denigrated the one-time joke cryptocurrency, helping to drive the former sub-$0.01 coin’s value past $0.72. But today, Musk’s distraction from Dogecoin may be the reason the price is diving — and also the reason that Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are both moving higher…. Source link

Ethereum’s native crypto Ether (ETH) rebounded sharply on Thursday after Elon Musk disclosed for the first time that his private rocket firm SpaceX holds Bitcoin (BTC), and Tesla would probably resuming the bitcoin payment option for its electric cars. The BTC/USD exchange rate was below $30,000 but bounced by more than 5% after the big reveal, touching an intraday high of $32,895. Ether, which tends to move in lockstep with the flagship cryptocurrency, surged likewise. Ether was holding onto… Source link

Anish Saxena, a New Delhi-based automobile dealer, made “incredible” profits by investing in cryptocurrencies in 2020, just as his business took a hit from the coronavirus pandemic-induced lockdown. “I had known about Bitcoin and Ethereum and dozens of other assets for years,” the 33-year old businessman said. “But I only got to invest in them after the lockdown pushed me and my family members out of work. And it helped us survive — big time.” Saxena revealed that he had… Source link

Optimist, filmmakers behind the GameStop project now working-titled The Meme Economy, is illuminating another trending corner of the financial ecosystem with Ethereum: The Infinite Garden, a doc it just fully and speedily financed by donations of said cryptocurrency. Optimist raised just under $2 million worth of Ethereum in just over 48 hours last week by crowdfunding on the platform Mirror. Some donors received producer credits and NFTs created by digital artist pplpleaser. All… Source link

Ethereum has been left reeling following a devastating sell-off that has seen it break the $1,875 level of support. It is now attempting to cling onto the $1,720 level which, to its credit, has provided bounces on three occasions over the past three weeks. If continuation to the downside is initiated, Ethereum would then confirm a four-month low with price targets beginning to emerge back down at $1,550 and $1,400. From a macro perspective, Ethereum has now confirmed a series of lower highs and… Source link