Ethereum

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Ethereum’s native token, Ether (ETH), recorded better gains than Bitcoin (BTC) over the past 24 hours despite the latter finally rising above the key $20,000 level. Ether beats Bitcoin in risk-on rally On the daily chart, Ether jumped approximately 14% to reach its weekly high of $1,554 (data from Binance) on Oct. 26. Bitcoin underwent a similar rally, but its week-to-date profits are just 6% by comparison.  The ETH/BTC pair gained around 8%, climbing as high as 0.075 BTC on Oct. 26. ETH/BTC… Source link

Meanwhile, Optimism, despite having $2 billion locked in its virtual bank vault, has yet to deploy fraud proofs (which it calls “fault” proofs) at all. The network’s proof system is “currently undergoing major redevelopment,” so is currently not active, according to the Optimism website. However, they are said to be planned for a soon-to-arrive update. Source link

Alex Dovbnya Cardano founder Charles Hoskinson is asking U.S. regulators for clear-cut guidance on digital assets as uncertainty continues to persist During a recent conversation on Twitter Spaces, which was hosted by Chamber of Digital Commerce founder Perianne Boring and BakerHostetler partner Teresa Goody Guillén, Cardano founder Charles Hoskinson suggested that Ethereum might be viewed as an unregistered security by the U.S. Securities and Exchange Commission following the… Source link

Ethereum noted such bullishness for the first time in more than a month, rising by over 14%. The push in prices helped ETH close above the short-term resistance line, flipping it into support. CFTC chairman Rostin Behnam continues to label ETH as a commodity, while SEC sticks to calling it a security. For the first time in weeks, the crypto market did well for itself, adding over $40 billion to market capitalization within 24 hours. Many cryptocurrencies joined the… Source link

The crypto market is finally showing relief after days in consolidation mode; Ethereum is leading the market with significant profit on lower timeframes. The second crypto by market capitalization is reclaiming its position as a market leader. The last time ETH’s price displayed this price action was in September before “The Merge.”  At the time of writing, Ethereum trades at $1,460 with a 10% profit in the last 24 hours and seven days, respectively. In the… Source link

The Ethereum Merge was one of the most anticipated upgrades in the history of crypto. Once the upgrade was successfully completed, Ethereum moved from being a proof of work (PoW) blockchain since inception to being a proof of stake (PoS) blockchain. Naturally, this move had some implications for the network and its users.  A Better Ethereum There is no doubt that the move to proof of stake made Ethereum a better blockchain than before. The first thing noticeable… Source link

Bitcoin was trading lower in today’s session, after failing to break out of a key resistance level of $19,600. Bullish sentiment seemed to have returned to the market on Monday, however this momentum was short lived. Ethereum also fell in today’s session, but remained above its recent price ceiling. Bitcoin Bitcoin (BTC) moved lower on Tuesday, as bears returned to action following a failed breakout of a key resistance point. BTC/USD slipped to an intraday low of $19,206.32… Source link

A popular crypto analyst is predicting an exponential rally for one of Ethereum’s (ETH) biggest competitors. The anonymous host of InvestAnswers tells his 444,000 YouTube subscribers that the rapid adoption of smart contract platform Solana could be the fuel that sends SOL back to its all-time high of $259.65. “I believe considering that Solana trades at less than 1/16th of the market cap of Ethereum, but it’s as widely adopted and does a lot of transactions, I think it’s… Source link

The global crypto markets are sitting at US$931.7bn this Tuesday, having barely budged over the past day, or indeed, month. It’s indicative of the continual sideways trade seen across most major cryptocurrencies, including Bitcoin, which is currently changing hands at US$19,300. BTC struggles to escape its sideways trade as investors await the next breakout – Source: currency.com Ethereum (ETH) did add 0.3% this morning, bringing the coin up to US$1,347. Ripple (XRP) is one… Source link