Ethereum

After marking a new $1,477 high on Jan. 24, Ether’s (ETH) price was shaken down to $1,206 on Jan. 27. But according to derivatives markets, bulls remain confident that $2,000 is still within reach. The neutral-to-bearish put options open interest above $1,360 is irrelevant, and only 2,540 ETH options, equivalent to $3.4 million in open interest, is above that price level. That being said, more than 99.5% of the put options open interest will become worthless if ETH trades at $1,360 or above.

Happy Groundhog Day. Bitcoin is ticking up, though still rangebound. XRP continues to bleed after a semi-successful orchestrated pump. Exchange tokens are seemingly benefiting from GameStop-style gamesmanship.  Three stories 1. IBM Blockchain has reportedly missed its revenue goals by a wide margin two years running. The legendary computing giant’s enterprise blockchain unit has atrophied to approximately 10% of its peak size, according to anonymous sources close to the matter. Expectations… Source link

Ripple demands Bitcoin and Ethereum docs from SEC amid legal fight | Fortune … Source link

Eth 2.0 is looking at its first hard fork this year. The Ethereum Foundation-backed research team is currently organizing schematics for a  mid-2021 backward-incompatible change to the Beacon Chain, according to a Jan. 14 developer’s call. This hard fork is really not a hard fork in the traditional sense, Teku client project manager Ben Edgington pointed out. Rather, it’s a warmup before sharding and a merge of the Eth 1.x and Beacon Chain.  “The word ‘fork’ is heavily overloaded in… Source link

Ethereum’s realized capitalization has increased by nearly 50% in January so far to tag new all-time highs above $70 billion, according to CoinMetrics. The data shows that Ethereum’s realized cap has more than tripled since dropping below $25 billion in during March 2020’s “Black Thursday” crash.. Ethereum’s realized cap: CoinMetrics The realized capitalization metric calculates the value of a crypto asset’s supply according to when each unit last moved on-chain. The indicator… Source link

Anyone who has used Ethereum in 2020 knows the frustration of paying for gas, the measure that represents a transaction’s computational weight. With gas prices sometimes rising up to 100 to 200 gwei, a unit equal to one billionth of an Ether (ETH), many users are finding themselves priced out of the action. While only a wide adoption of layer-two scaling solutions and the arrival of sharding can truly fix the situation, a few tricks can still help save some money when using the blockchain…. Source link

Bloomberg NYC Apartment Landlords Getting Burned in Gentrification Crash (Bloomberg) — New York’s apartment investors are suddenly waist-deep in distress.By December, they were behind on $395 million of debt backed by mortgage bonds, almost 150 times the level a year earlier, according to Trepp data on commercial mortgage-backed securities. Tenants in rent-stabilized units owe at least $1 billion in rent and wealthier ones are fleeing the city, leaving behind vacancies and pushing… Source link

After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22.  The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded to a new all-time high even as Bitcoin price continues to trade in a slight downtrend. According to Cointelegraph, the increasing TVL and transaction volumes of the decentralized finance sector are behind Ether’s impressive surge. ETH/USD 4-hour chart. Source: TradingView To… Source link

Several traders believe that the price of Ether (ETH) could pull back after it achieved a new all-time high on Jan. 25, gaining nearly 100% in January. Ether has outperformed Bitcoin (BTC) so far this year, buoyed by the growing number of users on Ethereum. Primarily due to the growing demand for DeFi, the Ethereum network has seen an increase in user activity and transaction volume. ETH/USDT 15-minute price chart (Binance). Source: TradingView.com This has also led the popularity of the term… Source link

Jack Taylor/Getty Images The price of Ethereum set a new all-time high, exploding by as much as 21% in 24 hours to trade above $1,470 on Monday. The price hit $1,473, topping its previous record of $1,439 set last week, before settling around $1,396 in early European trading. The record high came on the seven-year anniversary of the day that Vitalik Buterin, a Russian-Canadian best known for being Ethereum’s main developer, announced the cryptocurrency’s launch on a bitcoin… Source link