Ethereum

Ethereum rallying is a sign of prosperity for pretty much every altcoin. But what if that signal fails to sustain and takes a trip back down? That is the issue with Ethereum right now. Despite forming a two-month high last week, it is now looking at a possible downtrend. Ethereum to $2k? A little over 48 hours ago, Ethereum was at its pre-June crash levels after successfully hitting the $2000 mark. It was expected of the king altcoin to continue doing its upwards journey. But… Source link

After three years of dormancy, a massive ethereum whale that participated in the project’s first token sale, also known as the Genesis initial coin offering (ICO), spent 145,000 ether worth just over $276 million using today’s ethereum exchange rates. Mega Ethereum Whale Distributes 145,000 Ether to 9 Different Addresses On August 14, 2022, onchain data indicates that a whale who participated in the Ethereum Genesis ICO has moved 145,000 ETH to various addresses. The funds were… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

ETC Cooperative wrote a letter to ETH proof-of-work proponents criticizing a hard fork ahead of the Merge.  Ethereum proof-of-work supporters argue that miners cannot move their resources to ETC for shortage of computing power pool.  Ethereum price continued its downward spiral, dropping to the $1,900 level.  As Ethereum prepares for its upgrade from proof-of-work to proof-of-stake, there is a group of miners preparing for a hard fork. ETC cooperative criticized… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

An Ethereum (ETH) whale wallet that participated in the Genesis Initial Coin Offering (ICO) and obtained about 150,000 ETH  in 2014 was activated again on Aug. 14 after three years of dormancy. The whale address transferred 145,000 ETH to multiple wallets as Ether price surged to a new 3-month high of over $2,000. The transfers were made in a batch of 5,000 ETH per transaction and a few transfers of over 10,000 ETH.  The total value of the transferred ETH is over $280 million, and the… Source link

Arman Shirinyan Ethereum address that was last active back in 2014 makes big return to market An Ethereum wallet that has been dormant since the ICO of the second biggest network on the market woke up all of a sudden and transferred a huge amount of tokens to a list of unmarked wallets. The whole sum was divided into 5,000 ETH per wallet. The initial source of ETH for the whale was participation in the Ethereum Genesis ICO that took place back in 2014, when the foundation offered 1… Source link

An Ethereum wallet that had been dormant for around three years has now become active and is transferring tokens. Over the past day, the whale moved approximately 145k ETH to different wallets. Per on-chain data, the tokens were mainly transferred in batches of 5000, 10000, 15000, and 20000. The wallet, as such, has its roots associated with the genesis ICO via which it obtained 150k ETH. In 2019, the wallet sent out 5000 tokens, and three years back indulged in two transactions involving… Source link

It has been quite an interesting week for Ethereum’s community as it prepares for a major upgrade. In fact, its impact has started spilling over into Ethereum layer 2 solutions such as Polygon now. The latter’s native cryptocurrency, MATIC, concluded the week on the back of a significant upside on the charts. MATIC’s bulls noted an 8.5% uptick in the last 24 hours, allowing it to overcome resistance at the $0.94-price level. The altcoin’s price has been hovering within… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. Despite the ongoing cypto bear market, many top cryptocurrencies posted double-digit percentage gains over the week. Bitcoin had no such luck. Bitcoin only rose 5.5% over the last seven days and currently trades for $24,460 according to CoinMarketCap.  Ethereum rallied much harder. The No. 2 cryptocurrency and leading blockchain for high-functionality smart contracts is up 16% in the past week to $1,984 at the time of… Source link