Ethereum Watch

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 The second-largest coin in the market in terms […]

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 […]

The collective crypto market was in a consolidation phase; as Bitcoin’s awaiting its third halving, conversations about the direction of its price engulfed the community. Advertisements Currently, the cryptocurrency market exhibited of convergence of Ethereum and Bitcoin price volatility despite the general notion that the price of the latter is expected to show some drastic […]

Ethereum is down more than 10% and it broke the key $200 support against the US Dollar. Bitcoin’s decline is increasing pressure on ETH and it could decline further to $175.ETH price is gaining bearish momentum and it broke the key $200 support zone against the US Dollar.It is now trading below $192 and the […]

Ethereum, the second-largest crypto in the world, has seen significant growth over the years, in terms of both upgrades and the coin’s performance on the whole. In fact, the Ethereum Alliance in 2017 had also promised to drive the use of Ethereum blockchain technology as an open-standard to empower all enterprises. It’s been three years […]