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Year: 2023

cryptocurrency October 21, 2023

Ethereum (ETH) has so far relatively underperformed in comparison to the flagship cryptocurrency Bitcoin. However, that could change soon enough as a crypto analyst has predicted the second-largest crypto token by market to gain some momentum soon enough.  Advertisements Ethereum To Hit $1900 In a post shared on his X (formerly Twitter) platform, prominent crypto […]

cryptocurrency October 21, 2023

Advertisements Bitcoin and Ethereum recorded significant outflows over the last 7 days While BTC noted a positive 30-day MVRV, ETH’s was negative Bitcoin and Ethereum embarked on an action-packed journey over the past week, as indicated by a recently observed metric. Nevertheless, investors in the top two cryptocurrency giants saw divergent outcomes in terms of […]

cryptocurrency October 21, 2023

The Ethereum initial coin offering (ICO), which took place in 2014, represents one of the most significant events in the history of cryptocurrency. As the network had not begun generating tokens autonomously, the ICO event allowed early investors and enthusiasts to accumulate ETH, currently the second-largest cryptocurrency by market cap. Advertisements Latest on-chain data shows […]

cryptocurrency October 20, 2023

Advertisements Members of Lido’s governance body are considering a new proposal to discontinue the protocol’s operations on Polygon.  The demand for MATIC has plummeted in the past ten days.  In the wake of Lido Finance’s [LDO] withdrawal from the Solana [SOL] network, a proposal has surfaced among community members to sunset the liquid staking protocol […]

cryptocurrency October 19, 2023

Advertisements ETH retail demand soars to new historic level as addresses with non-zero balances soar. ETH whales were on-board with accumulation but demand remained weak. The Ethereum network continues to grow especially with the help of layer 2 networks despite the lengthy crypto winter. So much so that it has now achieved a new milestone […]

cryptocurrency October 19, 2023

Ether (ETH), the second-largest cryptocurrency by market capitalization, has been on a downward trajectory for the past three months. Despite a brief fake-out rally, ETH has struggled to regain its footing in the crypto market. Advertisements The recent rally, though short-lived, has brought about interesting developments in the derivatives market. While Bitcoin’s open interest (OI) […]

cryptocurrency October 18, 2023

Advertisements Ethereum’s supply held by wallets with over 1 million ETH was over 32% at press time. ETH was still around the $1,500 range with a minor addition in value. Billionaire Ethereum [ETH] holders have been actively accumulating assets, and their wallets have just reached a new all-time high. It is pertinent to note that […]

cryptocurrency October 18, 2023

Advertisements The protocol, which had 526 Ether in total value locked, was emptied in an attack on Oct. 18. Ethereum decentralized finance (DeFi) protocol Hope Lend has next to zero assets left in its protocol after a devastating hack. According to multiple blockchain security firms, on Oct. 18, two individuals — a frontrunner who beat […]

cryptocurrency October 18, 2023

Advertisements “Restaking” involves reusing staked Ether to earn fees and rewards. The restaked tokens can then help secure and validate other protocols. But many fear restaking could disrupt Ethereum’s chain itself. Ethereum restaking proposed by middleware protocol EigenLayer is a controversial innovation over the past year that has some of the brightest minds worried about […]

cryptocurrency October 18, 2023

A crypto wallet owned by the Ethereum founder Vitalik Buterin has seen a series of transactional activities lately, piquing the interest of crypto community members at a time when Ethereum selling pressures are rising.  Advertisements Following this, Buterin has taken the initiative to address the concerns regarding his recent transfer of digital assets to multiple […]