Ethereum Watch

Ethereum corrected lower and traded below $1,640 against the US Dollar. ETH is holding the $1,610 support and might aim a fresh increase. Advertisements Ethereum started a downside correction below $1,650 and $1,640. The price is now trading below $1,650 and the 100 hourly simple moving average. There is a key bullish trend line forming […]

Public testnet launched before Shanghai upgrade activation. There was an increased interest from validators in the Ethereum ecosystem. The launch of Ethereum‘s Zhejiang testnet on 1 February marked an important milestone in the journey towards the Shanghai upgrade. Advertisements Zhejiang is different from previous Ethereum testnets as it is open to the public, allowing anyone […]

Advertisements Bitcoin and select altcoins such as ETH, OKB, ALGO, and THETA may extend their up-move after a brief correction. After the impressive rally in January, Bitcoin (BTC) seems to be taking a breather in February. This is a positive sign because vertical rallies are rarely sustainable. A minor dip could shake out the nervous […]

2 February saw ETH hit $1,713 for the first time in four months. The inflow of ETH into exchanges exceeds the outflow signifying sell pressure. Ethereum [ETH] experienced a price increase before the close of the trading session on 2 February, bringing it to its highest level in more than four months. How did traders […]

In 2022, the crypto space faced a high rate of scams and fraudulent activities, especially in the DeFi sector. Scammers use phishing, fake ICOs (Initial Coin Offerings), Ponzi schemes, and impersonation techniques to trick people into giving up their cryptocurrencies.  Advertisements Unfortunately, the decentralized nature of cryptocurrencies made it easier for scammers to operate and […]

There was a notable increase in the number of ETH burned, but miner revenue declined. Ethereum’s development activity prevailed in highs as Shanghai upgrade draws near. The EIP-1559 proposal was approved as a solution to congestion of the Ethereum [ETH] network. Reportedly, the proposal will also help the blockchain with token deflation. The activity somewhat […]

Key Takeaways Sberbank is set to launch an Ethereum-compatible DeFi platform. Launch will happen on multiple steps, with commercial transactions enabled by the end of April. Sberbank is the largest bank in Russia and the third largest in Europe. Share this article URL Copied Advertisements Russia’s various financial institutions and banking entities don’t always see […]

Advertisements Summary: Russia’s largest bank said the Ethereum-based platform will launch for open testing in March ahead of the main launch in May. The system will begin facilitating commercial operations at the end of April and MetaMask users will be able to connect to the DeFI platform. Friday’s news comes after Sberbank launched Russia’s first […]

Advertisements DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said. Russia’s largest bank, Sberbank, is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months. Sberbank expects to launch open trials of its […]

On-chain data shows Ethereum profit-taking has spiked to high levels not seen since February 2021, a sign that could be bearish for the asset’s price. Advertisements Ethereum Profit Taking Rises As ETH Continues To Rally As per data from the on-chain analytics firm Santiment, this profit-taking may suggest that the holders don’t believe the rally […]