Ethereum Watch

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 […]

Key Takeaways The total value locked in DeFi reached a new high of $12.5 billion on Oct. 24. While lending platforms like Compound, Aave, and Maker still occupy the top five positions, other smaller protocols are gaining ground. DeFi token prices are consolidating after a drastic fall since September, but this could be bullish as […]

Advertisements Griffith argues that because his April 2019 conference presentation consisted of widely-available public information, he was not providing a “service” to North Korean officials Virgil Griffith, the former Ethereum Foundation researcher accused of conspiring to violate U.S. sanctions against the Democratic People’s Republic of Korea, filed a motion on Thursday to dismiss the charge […]

Advertisements Summary: Bitfinex CTO and Tether CTO, Paolo Ardoino, has clarified that Tether (USDT) is indeed regulated Mr. Ardoino announced via Twitter that Tether was also registered with FinCEN His comments come after Tether competitors have been using the ‘regulation’ card to gain favor with users Tether recently hit $16 Billion in market capitalization There […]

Advertisements Summary: The number of Ethereum addresses holding between $1 and $10 currently stands at 15 million This is almost two times higher than those of Bitcoin holding a similar amount Ethereum continues to be the favorite for those transacting on the blockchain Ethereum has also dominated trending topics after ETH broke $400 The number […]

Advertisements Summary: The Ethereum network is on track to settle $1 Trillion this year Such an amount in a one year period will be a first for any public blockchain Ethereum is currently transacting two times more value than Bitcoin on a daily basis This has been due to the rise of stablecoins on ETH […]