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Quantstamp audit firm completes an audit of the Teku client for Ethereum 2.0 and approves its release. ETH price will benefit from the launch of phase 0. Whales show signs of FOMO, according to expert Adam Cochran. Ethereum 2.0 is imminent. The launch of the deposit contract has been announced for November 6, according to a post by analyst Adam Cochran. This first phase will initiate the deployment of the Beacon Chain, the blockchain on which Ethereum will operate when it migrates its… Source link

Bitcoin was higher, appearing to hold above $13,000 for the first time since January 2018.  But the most drama in crypto markets came after an exploit of the decentralized finance protocol Harvest Finance sent the platform’s native FARM token tumbling by 65% in less than an hour. In traditional markets, European stocks slid as Spain declared a COVID-19 state of emergency and Italians were urged to stay home. U.S. equity futures pointed to a lower open on signs of a resurgence in the… Source link

Billionaire investor Michael Novogratz. Jamie McCarthy/Getty Images for Hudson River Park Bitcoin is a store of value, like “digital gold,” and will unlikely be used as traditional currency for the next five years, the former Goldman Sachs partner and hedge fund manager Mike Novogratz told Bloomberg. The Bitcoin bull expects the digital currency’s price to keep rising as more people pile into the idea of adding it to their portfolios. He expects several banks and credit-card… Source link

Key Takeaways Strong positive fundamentals support Ethereum bulls in the near-term. A technical break above the $420 resistance level confirms a continuation of last week’s bullish breakout. On-chain data analysis shows rising activity on the Ethereum blockchain. Share this article Ethereum has been consolidating for the last three trading days after buyers failed to break above key short-term resistance near the $420 level.  Now, on-chain analysis reveals that buyers are… Source link

JP Morgan, the largest U.S. bank by assets, has this year softened its previously harsh tone on bitcoin. The bitcoin market has matured since JP Morgan chief executive Jamie Dimon called bitcoin a “fraud” in September 2017—helped by the (still highly volatile) bitcoin price finding support as an inflation hedge alongside gold this year. Now, JP Morgan has said bitcoin’s strong 2020 could be set to continue, finding the bitcoin price has “considerable” upside in the long-term as it… Source link

Bitcoin (BTC) starts a new week still at $13,000 and wholly unfazed by problems in the global economy — what’s in store next? Cointelegraph takes a look at the potential issues at stake for Bitcoin in the coming days. Banks to follow PayPal BTC adoption Last week’s announcement that payment giant PayPal would support Bitcoin and three altcoins from 2021 continues to have an impact on price action. When the news hit last week, Bitcoin abruptly surged beyond $12,500 to hit highs of… Source link

News of the discovery of approximately 40 million troy ounces of gold in Russia’s Siberian region is likely to boost the profitability of the country’s biggest gold producer, while adding to the supply of the “scarce” resource. Reports say the Polyus owned the Sukhoi Log contains 540 million tonnes of ore, which translates to an average of 2.3 grams per ton. The reserves, which will account for a quarter of… Source link

Bitcoin Bitcoin rallied by 13.20% in the week ending 25th October. Following on from a 1.18% gain from the week prior, Bitcoin ended the week at $13,037.0. It was a mixed start to the week. Bitcoin fell to a Monday intraweek low $11,417.0 before making a move. Steering clear of the first major support level at $11,173, Bitcoin rallied to a Sunday intraweek high $13,358.0. Bitcoin broke through the week’s major resistance levels to visit $13,000 levels for the first time since July 2019. A… Source link

Ethereum Ethereum fell by 1.48% on Sunday. Reversing a 0.74% gain from Saturday, Ethereum ended the week up by 7.37% to $406.46. A bullish start to the day saw Ethereum rise to an early morning intraday high $417.86 before hitting reverse. Ethereum broke through the first major resistance level at $417.25 before sliding to a late afternoon intraday low $402.92. Falling through the first major support level at $407.65, Ethereum found support to wrap up the day at $406 levels. The second major… Source link

LTC/USD has settled above a significant technical barrier. On-chain metrics imply that the price is positioned for further growth. Litecoin (LTC) is the 8th largest digital asset with a current market capitalization of $3.8 billion and an average daily trading volume of $3.7 billion. The coin has gained over 23% in the last seven days, becoming the best-performing cryptocurrency out of top-10 on a week-on-week basis, The coin topped at $59.9 on October 25 before… Source link