Ethereum

Ethereum managed to woo holders by showcasing a growing ecosystem after its shift to Proof of Stake, but in reality, this step just hindered the 100% decentralized ecosystem of ETH and made it more controllable. With higher stakers under control, the price and even hash rate for ETH can be trampled. Outlook for Ethereum can be ascertained from the demise of Solana in recent days, which confirms the tough road ahead from this point for ETH and similar tokens intending to utilize the less… Source link

Ethereum found support near $1,070 and recovered above $1,150 against the US Dollar. ETH could rise further, but upsides might face hurdles near $1,200 and $1,230. Ethereum started an upside correction from the $1,070 and $1,080 support levels. The price is now trading above $1,120 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further towards… Source link

Sabrina Martins Vieira Solana’s crash should favor Cardano, but it is not the key to making the altcoin the “Ethereum Killer” Certainly, Solana (SOL) is one of the cryptocurrencies most affected by the FTX meltdown. The competitor of Ethereum (ETH) experienced a large loss of market capitalization shortly after the announcement of the insolvency of Sam Bankman-Fried’s (SBF) companies. Why did that happen? SBF has always shown himself to be a big supporter of the altcoin. Therefore,… Source link

Trading Ethereum can be a completely different experience to trading Bitcoin and other cryptocurrencies. While most cryptocurrency will typically move in unison, each Cryptocurrency does still have its own fundamental factors unique to its particular ecosystem, which means that they can move at different intensities and sometimes these unique aspects means they won’t move in unison at all. This can be very much true for Ethereum and it can frequently diverge from… Source link

Ether (ETH) price experienced an 11.9% decline from Nov. 20 to Nov. 22, bottoming at $1,074 — the lowest level seen since July. Currently, investors have reason to be concerned after crypto lending company Genesis reportedly faced difficulties raising money, triggering rumors of insolvency on Nov. 21.  However, a spokesperson for Genesis told Cointelegraph that there were no plans for imminent bankruptcy because the company continues to hold discussions with its creditors. Unease about the… Source link

On-chain data shows Ethereum whales have added $1 billion more to their holdings recently, something that could be bullish for the crypto’s price. Ethereum Whales Now Hold 947,940 ETH More In Their Wallets As per data from the analytics firm Santiment, this jump in the whale holdings is the 5th largest in this year so far. The relevant indicator here is the “Supply Distribution,” which tells us the percentage of the total Ethereum supply that each wallet group has right now. Wallets… Source link

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Ethereum versus Polygon was the question on many investors’ lips over the last year as the bull market rumbled on. While Ethereum (ETH) has been the go-to blockchain for decentralized finance projects and NFT releases, Polygon (MATIC) was starting to become a competitor for fee-free NFT listing on Open Sea. There was a chance… Source link

Dennis Diatel Photography The Grayscale crypto trusts have been in freefall and we’re starting to get some theories as to why. Grayscale has over a dozen single-asset crypto funds that trade publicly over the counter. Of those 13 single-asset funds, 8 are SEC-reporting. All of them have been beat up over the last week specifically with contagion concerns following the FTX (FTT-USD) collapse being the main driver of the panic. The cryptos underlying each of these funds have performed very… Source link

AntonioSolano / iStock.com The Ethereum Name Service provides a distributed, open and extensible naming system for not just ethereum, but other types of cryptocurrencies and NFTs. It is based on the Ethereum blockchain, which is also the blockchain behind the… Source link

Alex Dovbnya The FTX wallet drainer has transferred roughly $200 million worth of Ethereum (ETH) to various addresses According to data provided by blockchain security firm PeckShield, the hacker who hijacked the now-bankrupt FTX cryptocurrency exchange has just transferred 180,000 Ethereum (ETH) tokens to 12 different addresses. The aforementioned tokens are worth roughly $199 million at the time of writing.  The bad actor drained roughly $447 million out of the failed exchange and… Source link