Ethereum

Data from Dune Analytics show an increase in the total number of protocol users in Ethereum DeFi with 898,598. Trader Aaron Arnold predicts up to a 50-fold increase in major DeFi protocols on Ethereum. Ethereum’s DeFi is gaining momentum once again. After suffering a correction in the price of its most important tokens and a drop in its Total Value Locked (TVL). Now, this figure shows the recovery in the sector and has reached a new all-time high during the weekend with $13.7 billion, Source link

According to Santiment, ETH funds on exchanges have reached a two-year low.  The total value locked up in the DeFi sector has exceeded the previous all-time high. In the last 30 days, Ethereum has showed the highest profits within the top 10 by market cap with 22.23%. Only surpassed by Bitcoin (40.17%), ETH’s price seems to be driven by two factors: the launch of the deposit contract for Ethereum 2.0 and the progressive recovery of the DeFi sector. At the time of publication, ETH is

While members of the Ethereum blockchain community have endured the criticism of how long it is taking to move to a new mechanism called ‘staking’, it is hard not to also note that there is no definitive guidance yet from the Internal Revenue Service (IRS) on how those who ‘stake’ their blockchain ‘tokens’ and receive rewards will be taxed either. It certainly is not addressed on the Ethereum Foundation as the major risks are listed as losing Ethereum for going offline,… Source link

This week Bitcoin (BTC) and Ether (ETH) prices reached new highs as a slew of bullish news continued to pump investors’ hope that the next crypto-bull market will mirror the one seen in 2017.  Many novice traders simply follow spot prices on the major crypto exchanges to gauge the direction price might take. However, reviewing options markets data can provide additional relevant insights on market sentiment. Looking at the most recent activity in Bitcoin options, it is clear that some… Source link

On Thursday, November 12, 2020, the blockchain firm Kirobo launched a tool that allows users to reverse ethereum transactions. Similarly to the replace-by-fee (RBF) protocol leveraged by bitcoin users, ethereum transactions can be reversed as well with Kirobo’s “Undo Button” supported by Metamask or any wallet that supports walletconnect. The two top blockchain assets, in terms of market capitalization, have… Source link

Ethereum’s Infura went down, causing a chain split. The world’s second-largest bank will issue $3 billion in blockchain bonds. President-elect Joe Biden’s transition team features some noted crypto commenters.  Top shelf Chain splitWednesday morning, around 08:00 UTC, Ethereum infrastructure provider Infura disclosed a service outage for its Ethereum mainnet API, related to one of the blockchain’s major clients, Geth. Industry participants began speculating over a possible “chain… Source link

All eyes have been on Bitcoin price in recent weeks as the world’s biggest cryptocurrency rallied by more than 60% in a matter of weeks. However, the focus may soon shift to Ethereum’s Ether (ETH) as it approaches the final resistance zone before a big potential breakout. This is not only the case with the U.S. dollar pair but also with the Bitcoin (BTC) pair, as the latter may have just reached its cycle low. Could this mean that there’s an alt season on the horizon? The signals are… Source link

Bitcoin was higher, pushing toward the upper edge of its recent range between about $14,700 and $15,600. “The positive sentiment towards bitcoin has not gone away,” said Denis Vinokourov, head of research at crypto prime broker Bequant.  In traditional markets, Asian shares tumbled, led by Alibaba and Tencent, as Chinese government issues regulations designed to curb growing influence of big tech companies. European shares were up, and U.S. stock futures pointed to a higher open. Gold… Source link

For the past two days, Bitcoin price has traded within the $14,800 to $15,500 range but the top-digital asset struggled to flip $15,500 to support.  A positive is BTC continues to make higher lows and at the time of writing the price is trying to break from the range but still encountering resistance at $15,500. While BTC price has bounced back and forth, altcoins and select DeFi tokens capitalized on the consolidation phase and turned bullish. DeFi having a day Top 3: $YAX + 73%$MTA + 35%

The deposit contract for Ethereum 2.0 now holds 50,849 Ether (ETH), worth approximately $22 million as of publication time. This is slightly less than 10% of the minimum required stake of 524,288 ETH, or $230 million. Ethereum 2.0 is set to launch on Dec. 1 — but only if the minimum stake threshold is reached seven days before that date. Historic balance for the deposit contract by Etherscan. The influx of new deposits appears to have tapered off recently as the majority of prospective… Source link