Ethereum

On Saturday (August 13), the price of $ETH, the native token of Ethereum, went above the $2,000 level for the first time since June 1. According to data by TradingView, on crypto exchange Binance, the $ETH price hit $2,006.36 at 4:24 a.m. UTC on August 13. By 6:19 a.m. UTC, the $ETH price reached $2019.68, which is so far today’s intraday high. Source: TradingView Ethereum’s “Merge” hard fork, which is when the Ethereum network is making… Source link

In the week following the sanctioning of the Tornado Cash website by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the price of the token underpinning the system is down 56%, starting the week at a high of $31.56 and ending the week at a low of $13.09, according to CoinMarketCap. Tornado Cash (TORN) is an ERC20 token and the native token of the Tornado Cash DAO, used to manage governance and voting. It’s currently the 691st largest cryptocurrency, with a market… Source link

“Justin Sun wants to sow dissent, confusion and FUD in order for him to benefit financially,” one former ETH Foundation member said Low trade volumes and sinking prices have set Poloniex’s Ethereum fork tokens on a rocky path Figures around crypto have eye-rolled at recent interest in a proof-of-work (PoW) Ethereum hard fork ahead of the blockchain’s Merge to proof-of-stake (PoS). Not Justin Sun. The… Source link

After years of waiting, Ethereum is finally prepared to become a full-fledged proof-of-stake (PoS) blockchain. Besides Ethereum’s native token Ether (ETH), the valuation of several other tokens have not only benefited greatly, but could also keep outperforming ETH after the Merge.  Ethereum steps closer  toward the Merge The leading smart contract platform completed the last of its three public testnets dubbed “Goerli,” on Aug. 11. Therefore, there should be no delays in Ethereum’s “Merge,”… Source link

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The Ethereum Merge is about five weeks away and as the count down to the main event narrows, the phrase, “buy the rumor, sell the news” is expected to play out. This means we should expect an increase in the demand for ETH within the next four weeks. A look at ETH’s on-chain metrics reveals that this is already happening. Whales are scooping up ETH Whales holding large amounts of ETH have notably increased their balances, especially in the last four weeks. This is… 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

Alex Dovbnya Former BitMEX CEO Arthur Hayes believes that the price of Ethereum could soar higher after the merge upgrade Arthur Hayes, the former CEO of the BitMEX cryptocurrency exchange, claims that the current Ethereum futures term structure may point to a significant rally after the merge. Backwardation described a term structure where futures contracts trade lower compared to the cryptocurrency spot price. While it might be seen as a reason to be bearish on the price of Ethereum,… Source link

Ether’s (ETH) impressive 85% gain in the past 30 days has surprised even the most bullish investors, and it makes the $800 range seen in mid-July seem like ages ago. Bulls now hope to turn $1,900 to support, but derivatives metrics tell a completely different story, and the data suggests that professional traders remain highly skeptical. Ether 1-day price index, USD. Source: TradingView It’s important to remember that the leading cryptocurrency, Bitcoin (BTC), gained 28% in the same… Source link

Key Takeaways Ethereum has risen more than 12.5% in the last 24 hours as speculation mounts.  The upswing follows the successful execution of the final “Merge” tetnet. Further upside momentum could ETH surge toward $2,200 or even higher.  Share this article Ethereum is gaining significant bullish momentum as everything appears to be lining up for a successful transition to Proof-of-Stake. Ethereum Edges Closer to the Merge Ethereum briefly surpassed $1,900 today after executing the… Source link