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cryptocurrency June 1, 2020

Ethereum Classic performed its scheduled upgrade to bring Ethereum’s Istanbul features to the classic chain, making the two protocols fully compatible with each other. Ethereum Classic, the twin sibling of the Ethereum network, performed its scheduled Phoenix hard fork on May 31, which included features from Ethereum’s earlier Istanbul fork. The upgrade means that the […]

cryptocurrency June 1, 2020

Bitcoin’s price recently bounced off the crucial $9,500-support which drove the collective cryptocurrency market to a mild upswing. The market cap for the coin rose to $269.5 billion while Bitcoin’s dominance at 65.2%. Following this, many altcoins were observed to be showing significant strength. Source: CoinStats Ethereum: Source: ETH/USD on TradingView Despite delays and missed […]

cryptocurrency June 1, 2020

Tether has integrated the just-launched OMG Network Plasma sidechain, formerly known as OmiseGo, promising cheaper transactions as Ethereum’s fees skyrocket. Bitfinex’s Tether (USDT) stablecoin is now available on the OMG Network, a plasma-based Ethereum sidechain launched on June 1 by the project formerly known as OmiseGo. The integration, also announced on June 1, marks the […]

cryptocurrency June 1, 2020

The weekend was pretty uneventful for the world’s top cryptocurrency as the BTC-USD pair maintained quasi-stability around $9,500. Which way the price will sway from here still remains fairly unclear. There is a growing bearish divergence in the RSI as well as a bullish cross between the 50 and 200-hour moving averages (MA) recently. All […]

cryptocurrency June 1, 2020

Ethereum (ETH) options trading on Deribit and OKEx reached record levels in recent days, as the price of ether has increased. Deribit saw $20 million traded yesterday and OKEx has seen $12 million liquidated over the past three days. The increased activity in options trading is not an indicator of future price changes. Nevertheless, the […]

cryptocurrency June 1, 2020

Ethereum made its third attempt to set new local highs against its Bitcoin trading pair in 2020 yesterday. This movement has shown signs of being fleeting, however, as the crypto has lost some of its momentum.Although the cryptocurrency is flashing some subtle signs of near-term weakness, it is important to note that one data metric […]

cryptocurrency May 31, 2020

Bitcoin‘s scalability debate has been ongoing for years now with talks of SegWit, Lightning Network, Taproot/Schnorr signatures. Ethereum, on the other hand, has also been working on its scalability issue. ETH 2.0 upgrade is touted as a “two-in-one solution” for Ethereum’s scalability and privacy issues. Once Ethereum successfully completes ETH 2.0 upgrade, Bitcoin will face […]

cryptocurrency May 31, 2020

While many expected Bitcoin to make a move into five-figures after its halving, it looks like an altcoin is stealing the show. It’s not just any altcoin, but the most valuable one in the market – Ethereum. The second-largest cryptocurrency, by market capitalization, has been surging since 27 May, mounting a massive incline in its […]

cryptocurrency May 31, 2020

In the beginning of May, Ethereum, Monero, and Dash dropped by more than 10%. However, over the course of the month, all three coins have recorded a significant amount of gains and as per analysis, the coins continue in this trajectory. Ethereum Source: ETH/USD, TradingView After the 12% drop at the beginning of May, ETH […]

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