Ethereum

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link

Ethereum Ethereum fell by 1.31% on Monday. Following on from a 0.77% decline on Sunday, Ethereum ended the day at $1,780.59. A mixed start to the day saw Ethereum rise to an early morning high $1,814.74 before hitting reverse. Coming up short of the first major resistance level at $1,843, Ethereum tumbled to an early morning intraday low $1,659.93. The sell-off saw Ethereum fall through the major support levels before finding support. Steering clear of the 23.6% FIB of $1,454, Ethereum broke back… Source link

In the early hours of Feb. 15, Ether (ETH) price plunged to $1,660, followed by a 9% recovery within 10 hours. The move triggered $280 million in futures contracts liquidations, indicating excessive leverage from longs. Although the initial anxiety regarding CME’s ETH futures launch on Feb. 8 seems to have faded, sustained excessive transaction fees might have undermined investors’ confidence. Nevertheless, the fundamentals behind Ethereum remain solid, indicating ETH price should promptly… Source link

Bitcoin’s (BTC) abysmal December 2017 futures launch quickly fell short of investors expectations and even though the CME BTC market has surpassed $2.5 billion in open interest, the initial launch has reinforced the narrative that this week’s CME ETH futures launch will be equally bearish in the short term.  Prior to the CME BTC futures launch, Bitcoin had already gained 1,900% for the year, a rally which some analysts argue was propelled by the expectation of regulated futures. Now that… Source link

Ethereum (CCC:ETH-USD) is trading over $1,800 as I write this early on Feb. 11. It’s up 150% year-to-date (YTD). A similar story is told about Bitcoin (CCC:BTC-USD), the world’s largest cryptocurrency. A stack of ether or ethereum coins on a gold background. Source: Shutterstock InvestorPlace – Stock Market News, Stock Advice & Trading Tips When it comes to stocks and other investments, generally, I’m not particularly eager to write about them unless I’m bullish about their prospects…. Source link

Bloomberg A Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price… Source link

The price of Ether (ETH), the native cryptocurrency of Ethereum, has been stagnating against Bitcoin in recent days after a strong few weeks against BTC. In the past few weeks, ETH and BTC have shown some inverse correlation as ETH rallied strongly when BTC consolidated, and vice versa. ETH/BTC 15-minute price chart (Binance). Source: TradingView.com So why is ETH struggling at the moment? In the last several hours, Bitcoin has seen a decent rally after BNY Mellon said it would begin offering… Source link

Finance Redefined is Cointelegraph’s DeFi-centric newsletter, delivered to subscribers every Wednesday. It seems that this week, finally, the community has had enough of Ethereum’s gas fees. That is obviously a bit of hyperbole, as gas fees are high precisely because people are willing to pay such a premium for Ethereum block space. But we’re seeing a kind of “applied trickle-down economics,” where a few brave degens are venturing outside to see what else exists in the world. The effect… Source link

“The biggest risk for Ethereum is that it could end up like the Concorde.” That’s Lyn Alden, a renowned investment strategist, who wrote a blog post a few weeks back reviewing the Ethereum protocol from an investor’s perspective.  In her post, Alden points out that one of the biggest risks for the value of ether is that Ethereum never reaches mass adoption, just like the Concorde jet of the 1970s. While the Concorde was functional and operational for over 25 years, Alden writes, it… Source link

Ethereum Ethereum rose by 1.09% on Tuesday. Following on from an 8.51% rally on Monday, Ethereum ended the day at $1,772.16. It was a mixed start to the day. Ethereum fell to an early morning intraday low $1,710.01 before making a move. Steering clear of the first major support level at $1,619, Ethereum rallied to a late morning intraday high and a new swing hi $1,824.23. Falling short of the first major resistance level at $1,833, Ethereum fell back to sub-$1,720 levels and into the red. Late… Source link