Ethereum Watch

Advertisements The massive success of Compound’s DeFi platform token distribution launch last week has generated a bit of hype and criticism from the crypto community. Many are now calling it a bubble, and some ardent Bitcoiners are even willing it to burst. Less than a week after token distribution began, COMP has surged from virtually […]

Advertisements The blockchain software engineering firm ConsenSys, announced this week that it is launching an institutional-grade Ethereum staking-as-a-service platform. The demand for staking applications ahead of the long-awaited ETH 2.0 launch is heating up, and more are likely to follow. ConsenSys, which has recently launched compliance services for the DeFi industry, provides enterprise-level blockchain tracing […]

Advertisements Decentralized finance markets have largely weathered the economic storm this year and continue to mature despite the crypto market remaining relatively flat. This new financial landscape could have a much greater impact on Ethereum than the ICO boom. Ethereum provides the foundation for DeFi since it is currently the global standard for smart contracts […]

Advertisements Cryptocurrency exchanges continue to see significant Bitcoin (BTC) outflows since Black Thursday (mid-March 2020). Balances have reportedly declined by a staggering 12.7% year to date (YTD). This emerging trend of deposit displacement likely indicates a growing appreciation for Bitcoin as a haven asset. Meanwhile, the reverse is true for Ethereum as ETH deposits on […]

Advertisements A number of Ethereum transfers have been made over the past 24 hours with excessively high transfer fees. This has resulted in a lot of speculation from the cryptocurrency community, who are quick to react when something is afoot. Two Ethereum transactions have been flagged for having massive transfer fees, which could be the […]

Advertisements Decentralized financial markets (DeFi) have made a remarkable recovery since the mid-March COVID-19 crash. So much so, that the total locked value has again surpassed $1 billion. The DeFi ecosystem took a big hit three months ago when the Ethereum price crashed by 50%, wiping out a considerable amount of locked-up crypto collateral. The […]

Advertisements Ethereum has recorded higher daily total network fees than Bitcoin for two consecutive days. The rare event indicates increased activity and growing adoption for the network. On June 6, Ethereum’s daily total network fees topped that of Bitcoin. Ethereum has accrued an average daily network transaction total of roughly $502,000 and $546,000 on June […]

Advertisements Around $9,765,000,000 is currently locked up in staking contracts across various cryptocurrency networks. The combined value of all such contracts has been steadily growing since the crash in cryptocurrency prices that bottomed in mid-March of this year. The current all-time high for staking contracts occurred on Feb 14. At the top, investors hoping to […]

Advertisements Bitcoin spent much of Thursday staying afloat above $9,400 while gradually making gains, albeit at a relatively humble place. At just about $9,770 as of this writing, the BTC-USD pair is fighting hard to triumph over the resistance in the $9,700-$9,800 area. As outlined by BeInCrypto’s technical analyst Valdrin late yesterday, Bitcoin is currently […]

Advertisements The Bitcoin community is certainly no stranger to sudden price drops that are very rapid, deep, and volatile. However, the plunge that brought the alpha cryptocurrency down by some $800 in as little as five minutes yesterday came as a rude shock to many traders who were virtually left stranded on the wrong side […]