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Month: August 2022

cryptocurrency August 29, 2022

The crypto market is spiraling downwards, especially Ethereum and other altcoins. The overall market cap lost $50 billion last weekend, leaving the current figure at $950 billion. Unfortunately, it eventually lost the $1 trillion mark. The price fall in Bitcoin, Ethereum, and other crypto caused the recent plunge. Advertisements The trend emerged after the August […]

cryptocurrency August 29, 2022

The rampage continues for Ethereum as the alt faltered in the market on 28 August. Investors are elated to see that the Merge is finally happening after a series of delays over the past year. Advertisements But Ethereum is facing a torrid time in the market with trader expectations taking a massive hit at least […]

cryptocurrency August 28, 2022

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Advertisements After a brief month-long uptrend until mid-August, Ethereum [ETH] bears were back in the game post the rising wedge breakdown. This reversal aided the sellers in pulling ETH below its daily 20/50/200 EMA. […]

cryptocurrency August 27, 2022

In the past few years, the cryptocurrency market has shared a close correlation with the stock market. For instance, in February, it was reported that the leading alt, Ethereum [ETH], started to move more closely with U.S. stocks. Advertisements According to the report, a 40-day correlation coefficient for the token and the S&P 500 marked […]

cryptocurrency August 27, 2022

Advertisements The terms of services, laid down by Ethereum’s second-biggest host Hetzner, prohibits customers from running nodes, mining and farming, plotting, storage of blockchain data and trading. Just when the Ethereum ecosystem reached its final stages in preparing for the much-anticipated upgrade, The Merge, german cloud provider Hetzner, reiterated its stance against allowing mining operations […]

cryptocurrency August 27, 2022

Many people are already aware of the risks of trading or holding cryptocurrencies. Even those not overly concerned by the crypto market have some knowledge about the dangers. The volatility of certain digital currencies, such as Bitcoin and Ethereum, is why many individuals and firms seek ways to maintain the value of their assets. Advertisements […]

cryptocurrency August 26, 2022

Ethereum and the crypto market turned red as the U.S. Federal Reserve (Fed) Chairman Jerome Powell hinted at “more pain” for global markets in the coming months. The two largest cryptocurrencies by market cap returned to critical support zones and might be on the brink of further losses. Advertisements At the time of writing, Ethereum […]

cryptocurrency August 26, 2022

The Ethereum [ETH] Merge scheduled for next month is arguably the hottest topic in the crypto industry right now. Investors, institutions, and even regulators are expected to keep a close eye on ETH. This is due to the expected transition to the energy-efficient proof-of-stake (PoS) model. Advertisements Exchanges gearing up Crypto exchanges including Coinbase, Binance, […]

cryptocurrency August 26, 2022

Advertisements A majority of 4,653 active Ethereum nodes are being run through centralized web providers like Amazon Web Services, which experts believe could become a central point of failure. Ethereum is a few weeks away from officially moving to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The transition, officially dubbed the […]