Ethereum Watch

Advertisements Quick take: An experienced ‘defi farmer’ used flash loans to drain Harvest Finance of $24 Million in just 7 minutes The team behind Harvest Finance have admitted they made an engineering error when designing the protocol They’ve issued a $100k bounty to any person or team that helps in returning the funds Harvest Finance […]

Ethereum spent the summer months easily dominating Bitcoin on the back of the DeFi bandwagon. Only recently when Bitcoin broke back above $12,000 with a more than $1,000 intraday candle to $13,000, has the trend changed. Advertisements Crypto traders waiting for Ethereum to catch up like the last time around, could be left with heavy […]

Key Takeaways In a survey led by BCG and Crypto.com, a vast majority of financial institutions are exploring DeFi. Many of these firms command multi-billion dollar balance sheets and could shift the needle upon entering the space. Security concerns and regulatory uncertainty are the two largest barriers. Share this article Leading tokens from this summer’s […]

Advertisements The price of Ethereum’s Ether is continuing to show weakness against Bitcoin despite its latest rally above $400. While Bitcoin (BTC) is showing strength through new higher highs and making a new yearly high, Ethereum’s Ether (ETH) shows weakness, particularly the ETH/BTC pair. ETH weakness is also a clear indication that most altcoins are […]

Auditor Quantstamp has vetted Ethereum 2.0’s Teku software. The software allows ETH 2.0 stakers to participate in mining and is an important step toward the long-awaited protocol upgrade. Advertisements The epic challenge to scale up Ethereum with (ETH 2.0) began in 2014. So far, it has been a game of two steps forward and one […]

The Ethereum (ETH) price has finally reached a daily close above the $390 resistance level, something it had failed to do since the early Sept drop. Advertisements As long as the price is trading above this level, the possibility of upwards continuation is the most likely option. Reclaim of $390 The ETH price has been […]

Advertisements Virgil Griffith, a former Ethereum Foundation developer who was indicted and arrested in January 2020 for attending a cryptocurrency conference in North Korea has filed his defense in court. The case, which is being prosecuted in the U.S. District Court of the Southern District of New York accuses Griffith of teaching North Korean officials […]

Key Takeaways Hackers obtained USDT and USDC stablecoins worth $24 million from Harvest Finance’s stablecoin and BTC pools. Harvest’s governance token FARM plummeted 60% following the revelation of the hack. $400 million in total liquidity have been drained out of Harvest Finance as liquidity providers (LPs) flee the platform. Share this article A $24 million […]

Ethereum traded to a new monthly high at $422 before correcting lower against the US Dollar. ETH price is trading well above the 100 SMA (H4) and it is likely to resume its upside above $422. Advertisements ETH price is trading in a strong uptrend above the $400 support against the US Dollar. The price […]

XRP’s price action has been rather lackluster as of late, with buyers and sellers remaining deadlocked as they struggle to gain control of the cryptocurrency’s near-term trend. Advertisements This lack of momentum isn’t new for XRP, as the token has been stuck within a macro consolidation phase throughout the past few years against both its […]