Ethereum

Last week was one of the most exciting weeks in 2020 for the crypto community, with an abundance of bullish news for Bitcoin and the achievement of a huge milestone for the Ethereum Foundation. Bitcoin’s new all-time high is $19,911, and this price was reached at 11:00 UTC on December 1, according to data by CryptoCompare. An hour later, Ethereum 2.0’s Beacon Chain successfully launched. The Beacon Chain is a Proof-of-Stake (PoS) blockchain, and it signals the first step in the plan to… Source link

Ethereum Ethereum fell by 1.74% on Monday. Following on from a 0.78% decline on Sunday, Ethereum ended the day at $591.47. It was a mixed start to the day. Ethereum rose to an early morning intraday high $603.40 before hitting reverse. Falling short of the first major resistance level at $611.84, Ethereum slid to a late intraday low $584.54. Ethereum fell through the first major support level at $587.69 before a partial recovery to end the day at $591 levels. At the time of writing, Ethereum was… Source link

Singapore is funding blockchain R&D. Germany’s second-largest stock exchange’s crypto app saw $1.21 billion in trading volumes this year. Grayscale is seeing a growing number of “Ethereum-first” institutional buyers.  Top shelf Ethereum investorsThere’s a growing class of institutional buyers interested in gaining exposure to ether, Ethereum’s native currency, at Grayscale, said the firm’s managing director, Michael Sonnenshein. “Over the course of 2020 we are seeing a new… Source link

Bitcoin has had an incredible 2020, more than doubling in price since the beginning of the year—with some predicting it will continue to climb. The bitcoin price has recently soared to its 2017 all-time high but has failed to break through the psychological $20,000 per bitcoin barrier. Now, after bitcoin’s rally has helped catapult cryptocurrencies back into the headlines, investors are eyeing the sky-high returns of smaller so-called “alt coins”—including ethereum, Ripple’s XRP and… Source link

Photographer: Luke MacGregor/Bloomberg While Bitcoin’s record-high grabs attention, its crypto compatriot Ethereum is continuing to broaden its appeal beyond the software programming crowd. Before this year, most investors’ first stop was Bitcoin, according to Michael Sonnenshein, managing director at Grayscale Investments LLC, which has investment products that track both and allows… Source link

In brief The amount of Bitcoin locked up on Ethereum soared from nearly zero to $2 billion from June to October. Now, that number is beginning to drop. Bitcoin’s rising price could have something to do with it, as well as DeFi incentives drying up. The amount of Bitcoin locked up in Ethereum is on the decline, as traders withdraw their Bitcoin from Ethereum’s DeFi smart contracts and sell it on the open market. In the past 12 days, the amount of Bitcoin on Ethereum has declined from… Source link

Those new to crypto, such as the institutional investors recently buying into bitcoin’s “digital gold” narrative, might now be looking around for the next big thing. With the long-anticipated arrival of the Ethereum 2.0 upgrade on Dec. 1, that could be the network’s native token, ether. But analysts say ether should be judged on its own merits and not as a bitcoin replacement. “I’ve always thought this digital asset space is huge – and it’s not just bitcoin – because there… Source link

It’s alive! Welcome, everyone, to the first edition of Valid Points, CoinDesk’s ongoing effort to chronicle the evolution of Ethereum 2.0. You can sign up for the newsletter here. Today we’re commemorating the launch of Ethereum 2.0, which marks the beginning of Ethereum’s live transformation into a proof-of-stake blockchain. The new blockchain is said to be several times more efficient, scalable and secure than the current decentralized application network.  While Ethereum 2.0 will… Source link

Visa Inc. headquarters in Foster City, California, U.S., on Nov. 23, 2020. After two years of work, Visa is opening up its network to USDC, a digital dollar created by Circle Internet Financial and issued on the public ethereum blockchain. David Paul Morris/Bloomberg Credit card giant Visa today announced it is connecting its global payments network of 60 million merchants to the U.S. Dollar Coin (USDC) developed by Circle Internet Financial on the ethereum blockchain. The… Source link

2020 has been an impressive year for the Ethereum network and Ether (ETH) price. In November the Eth2 deposit contract quietly launched and before the end of the month the contract had reached capacity with 524,288 Ether locked.  When Black Thursday occured on March 12, nearly every cryptocurrency had its price crushed and Ether was not spared from the carnage. After trading for as little as $86 on March 12, Ether price recovered to post a year-to-date gain of 322% and the altcoin set a 2020… Source link