Ethereum Watch

Advertisements Following a low-key third halving (in terms of price), Bitcoin was maintaining a sort of quasi-stability in the high-$8,000s for nearly two days. On Wednesday, however, things started pacing up once again as the benchmark cryptocurrency crossed the psychological barrier at $9,000 and then went straight past the resistance at $9,200. Many observers were […]

Advertisements The amount of Tether that has been printed this year has not gone unnoticed. Most of it is based on Ethereum, which has started to have an effect on where ETH is locked up. There is now so much Tether out in the markets that it temporarily eclipsed XRP in terms of market capitalization […]

Advertisements Two of the world’s largest financial services providers, Goldman Sachs and Morgan Stanley, are now hinting that the worst of the COVID-19 market rout is probably over and the economy is showing signs of improvement. Of course, not everyone agrees with that optimistic outlook. HSBC Holdings economist James Pomeroy, for example, has warned that […]

Advertisements Recent data on the cryptocurrency derivatives market indicates that there is still steady growth despite the economic crisis that the world is facing. Trading volume is up from 2019 and many entities are planning to bolster their infrastructure and services. TokenInsight’s most recent 22-page report indicates that, despite the economic fallout as a result […]

Advertisements Bitcoin is struggling to overcome stubborn resistance around $7,800 despite two consecutive attempts on Monday. The possibility of a retreat to $7,600 seems likely. Some analysts believe the dip could take BTC to $7,400 before embarking on a new rally towards the psychological barrier at $8,000. Meanwhile, with the Federal Reserve printing money at […]

Advertisements The International Monetary Fund (IMF) published a new forecast Tuesday predicting that the coronavirus-induced global economic slowdown will get much worse from here before getting any better. Given Bitcoin’s record correlation with traditional markets, the IMF forecast has now cast serious doubt over the much-anticipated post-halving Bitcoin bull run. Judging by past trends, the […]

Advertisements After camping around the support area at $7,800 for the past few days, Bitcoin has resumed its retreat and is currently trading at $7,600 at the time of publishing. As if the current woes of the market weren’t bad enough, Binance users in Turkey are suspecting that the exchange may have been somehow compromised. […]

Advertisements PLUS Token continues to dump its stolen Bitcoin (BTC) on the market. The move was correlated with the recent price drop which means the scam may have exacerbated Bitcoin’s losses yesterday. PLUS Token was among the largest scams in the cryptocurrency industry, and it continues to haunt the entire market. Repeatedly, the wallets linked […]

Advertisements There has always been a lot of tribalism in the cryptocurrency industry, especially when it comes to consensus methods. Power-hungry proof-of-work protocols are slowly being replaced by proof-of-stake (Pos) by many major digital currency platforms — but this too is not without its own set of potential drawbacks. Recent studies have delved into the […]

Advertisements Digital asset markets have just had one of their largest dumps of the year as $20 billion flooded out over the past 24 hours. Some altcoins are getting hit harder than others though — is there a reason for this? The COVID-19 coronavirus-induced crypto rout that began on Monday has intensified every day this […]