Ethereum

Astute readers will recall that I’ve previously described Ethereum’s (CCC:ETH-USD) blockchain architecture as a sign of natural progress in the cryptocurrency narrative. As you know, the introduction of Bitcoin (CCC:BTC-USD) wasn’t just significant for the digital token itself but also for introducing the blockchain concept. With it, peer-to-peer transactions were possible and, quickly, a crypto-based economy blossomed. Source: Shutterstock But the main problem with Bitcoin… Source link

The cryptocurrency ether runs on the Ethereum network. Dado Ruvic/Reuters Ethereum developers have defended the changes to the network that will come in the summer. They said the alterations are very popular with users, as they make fees simpler and limit ether supply. But miners remain disgruntled that their fees will be cut, with debate in the community ongoing. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Developers on the Ethereum network have defended… Source link

Damien Hirst is famous for pickling sharks and encrusting skulls with diamonds Chris Young/Getty Images Superstar artist Damien Hirst is set to become the biggest player yet to enter the world of non-fungible tokens, with plans to sell 10,000 artworks tied to corresponding NFTs in a series called “The Currency Project.” The artist, famous for putting a shark in formaldehyde and encrusting a skull with diamonds, will release his latest works on a new technology called Palm, which will… Source link

We already knew that PayPal was planning to support cryptocurrencies as a form of payment. And now, the online payment app announced US customers can do just that with its “Checkout with Crypto” feature, rolling out today. After rolling out the ability for US users to directly buy and sell cryptocurrency directly from their accounts last November, PayPal’s new “Checkout with Crypto” allows users to instantly convert their Bitcoin, Ethereum, Litecoin, or Bitcoin Cash to US… Source link

Yield farming has grown in popularity over the past year alongside the rise of decentralized finance, but recently the ability to earn a good return has been limited by the high transaction costs on the Ethereum (ETH) network.  As a result, yield farmers have begun exploring options outside the Ethereum network for more accessible opportunities in a low fee environment. One option that has shown steady growth in liquidity since launching is Flamingo Finance (FLM), a DeFi platform based on the… Source link

Ethereum Ethereum fell by 1.58% on Sunday. Reversing a 0.82% gain from Saturday, Ethereum ended the week down by 5.45% to $1,686.92. A mixed start to the day saw Ethereum rise to a late morning intraday high $1,725.71 before hitting reverse. Falling short of the first major resistance level at $1,742, Ethereum slid to a late intraday low $1,662. Ethereum fell through the first major support level at $1,676 before a partial recovery to $1,680 levels. At the time of writing, Ethereum was down by… Source link

Ether (ETH) rebounded from a $1,550 low on March 24, which marked a 17% fall from the $1,870 weekly high. Even though the $1.15 billion options expiry in the early hours of March 26 could have pressured Ether price, the continuing surge in gas fees for Ethereum transactions likely played a part. To better assess these forces, one should analyze top traders’ exposure using data provided by the largest crypto exchanges. If the case for the options expiry holds, the long-to-short data from… Source link

Bloomberg A Week After Brazil’s Bold Rate Hike, Traders Ask for More (Bloomberg) — It took just over a week for Brazil’s traders to look past the central bank’s guidance and ask for even more rate hikes.Despite the larger-than-expected increase at the last meeting, the market is now pricing in a full-point hike for May, ignoring an already hawkish pledge from the bank to raise rates by another 75 basis points. The worsening of the pandemic, investors say, may lead the government to… Source link

Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Getty Ethereum is often referred to as the second most popular cryptocurrency, after Bitcoin. But unlike Bitcoin—and most other virtual currencies—Ethereum is intended to be much more than simply a medium of exchange or a store of value. Instead,… Source link

Key Takeaways Bitcoin has endured an 18% correction over the past two weeks and now sits on top of stable support. Ethereum whales are slowly reentering the network as a number of new buy signals pop up in the market. Despite the significant losses incurred recently, it seems that both cryptocurrencies are poised to rebound. Share this article Sidelined investors appear to be taking advantage of a recent downswing to reenter the crypto market. The sudden spike in buying pressure could help… Source link