Ethereum Watch

Advertisements A single transaction today has created more Wrapped Bitcoin on the Ethereum network, than the total amount of BTC locked in the Lightning Network. One thousand Wrapped Bitcoin (WBTC) were minted today on the Ethereum network (ETH) —  a single transaction that represents more U.S dollar value than the entire Lightning Network. It brings […]

Ethereum’s price has been hovering around the lower $190 region in the time following its latest selloff that sent it to lows of $180.The second-largest cryptocurrency by market cap has been severely underperforming Bitcoin in recent times and has virtually erased all of the gains that came about as the result of its recent push […]

After an impressive streak above the $200-level, the world’s largest altcoin, Ethereum saw a sharp decline as it dropped close to $180, a level that had been acting as strong support. But there could be a potential upside revival in the offing as the coin appeared to be preparing for a bullish momentum in the […]

DeFi leverages decentralized networks to transform old financial products into trustless and transparent protocols. The platform that supported Ethereum as collateral along with USDC and BAT recently added Wrapped Bitcoin (WBTC), an Ethereum-based token backed 1:1 by Bitcoin to its list of collateral types. Advertisements Even though ETH was one of its oldest collateral, ETH […]

Advertisements A proposal to add a second fuel source for the Ethereum network has recently been submitted by a developer to run in parallel to its existing fuel, gas. The Ethereum network is due to undergo a raft of changes this year. The most eagerly awaited upgrade is the shift to proof-of-stake consensus under the […]

Following Bitcoin’s lead, Ethereum prices dipped on 10 May by a whopping 14% in an hour. This took the value of the second-largest digital asset from $210.06 to $180.01. This sudden dip in the price of ether painted a bearish picture highlighted in its derivatives market. Advertisements Ethereum’s options market noted the 25-d skew reporting […]

Advertisements Chainlink introduces trusted decentralized randomness into the crypto ecosystem. On May 11, Chainlink (Link) announced the launch of a verifiable random function (VRF) that enables generation of on-chain trusted randomness. Ii is undergoing security review on the testnet where it is available for integration testing. Initially, it will work with the Ethereum (ETH) blockchain. […]

The evening of 9 May saw the bears walking in the market and caused a lot of damage to the price of most major cryptos. While major alts suffered some loss in terms value, others 2020 gains were mostly wiped-off. Advertisements Ethereum [ETH] Source: ETH/USD on TradingView Advertisements The second-largest coin in the market in […]

Digital marketplace ErisX announced the launch of its first U.S. based Exchange-traded Ether futures contracts on 11th May. Following this development, individuals and institutional investors will be able to access physically delivered futures contracts based on ETH-USD with monthly and quarterly expirations. Advertisements Following the development, Thomas Chippas, CEO of ErisX commented, “We strongly believe […]

Ethereum made a retreat to $189 after the latest price plunge. The price of the largest altcoin, ETH had turned red following the increasing downward pressure. It appears that ETH’s tryst above the $200-level was short-lived as significant gains were wiped following the drop. In addition, the market indicators are pointing towards a risk of […]