Ethereum Watch

Key Takeaways Decentralized exchanges are still rife with various imperfections including slippage and impermanent loss. Chinese crypto project DODO hopes to resolve some of these shortcomings with its novel “Proactive Market Maker” algorithm. The platform is nascent, and has yet to prove the test of time like incumbents Uniswap and Curve. Share this article Though […]

Advertisements One type of “flippening” finally happened, but only miners are feasting. Cumulative transaction fees paid to Ethereum (ETH) miners for 2020 are now close to double those of Bitcoin (BTC), clocking in at $276 million versus $146 million. A chart released by Coinmetrics highlights how Ethereum fees went on a steep ascent in the […]

Share this article “Decentralized stablecoin is an oxymoron,” tweeted crypto analyst Loomdart. The dominance of centralized stablecoins like USDT and USDC on DeFi platforms poises grave risks for the entire niche. Instances of Centralized Control  Tether Limited is the issuer of the largest stablecoin in the crypto space, USDT. It is a U.S. dollar-pegged cryptocurrency […]

Advertisements After the $150 million KuCoin hack, traders appear unworried that open market sales by the hacker will drop Ethereum price. Analysts say that the unknown hacker behind the KuCoin breach is selling the stolen ERC-20 tokens on Uniswap. Although selling tokens on the Ethereum-based decentralized exchange allows the hacker to obtain Ether (ETH), it […]

Advertisements Quick take: Multiple Ethereum based projects affected by the KuCoin have intervened Some have frozen their ERC20 tokens with others initiating hardforks  The KuCoin hack amount has increased to $203 Million and could continue climbing Almost immediately after the KuCoin hack, the team at Tether announced that it had frozen a total of $33 […]

Ethereum is recovering nicely above the $350 resistance zone against the US Dollar. ETH price is likely to accelerate higher if it settles above $362 and the 100 SMA (H4). Advertisements ETH price started a decent recovery wave from the $310-$315 support zone against the US Dollar. The price is now trading above the $350 […]

Advertisements Ethereum needs to fix its problems. As DeFi projects flock to Ethereum, experts warn the network is not yet ready to support the frenzy. Martin Froehler, a mathematician, former hedge fund manager, and founder of Austrian crypto trading platform Morpher, told Cointelegraph that although Ethereum is the “best thing [the blockchain industry] has” for […]

Advertisements Quick take: According to Weiss Ratings, buying and holding Bitcoin is a better option than holding ETH 2017 was the first time ETH hit $300 when Bitcoin was at $1,000 ETH is still in the $300 levels with BTC now 11x higher Ethereum is a good trading instrument but Bitcoin is a better option […]

Key Takeaways NEO-sponsored yield farming platform Flamingo crashed after staking on the platform was opened to the public. Flamingo postponed the launch of its liquidity mining vaults by 24-hours. NEO prices dropped 4.2% after the delay was announced. Share this article The launch of yield farming on NEO-based Flamingo was postponed after “heavy demand” overloaded […]

Advertisements Quick take: Bitfinex CTO, Paolo Ardoino, has notified crypto twitter of the freezing of $33M Tether related to the KuCoin hack Bitfinex has frozen $13 Million Tether (USDT) on EOS Tether has frozen $20 Million USDT on Ethereum Binance has pledged its support in the recovery efforts of funds from the hack KuCoin has […]