Ethereum Watch

Advertisements Ethereum prices are starting to weaken again as Bitcoin fails to break over an important resistance. On-chain metrics and fundamentals for the ETH network are still looking positive, however. On-chain market analysis provider Glassnode has delved into addresses on the Ethereum network, identifying a bullish trend. There are now 40 million ETH addresses holding a […]

Advertisements Bitcoin failed to make it back into five-figures on Monday despite a promising start and has since retreated to the mid-$9,000s. However, odds are reasonably high that it will once again kick start a new rally to reclaim the lost ground above $10k. Meanwhile, new data from the cryptocurrency research platform, The Tie, shows […]

Advertisements Reddit has revealed plans to create a system of Ethereum tokens to incentivize quality posts and comments. Reddit Gold could soon be replaced by tokens on Ethereum, a recent slide presentation by Reddit reveals. The idea is that users will be awarded points by their fellow subreddit users. These points can then be spent […]

Advertisements Speculations are rife about the possibility of the US Federal Reserve adopting a negative interest rate policy (NIRP) anytime now. Analysts often argue that unorthodox monetary policies such as negative interest rates are inherently inflationary. According to many, a naturally deflationary asset like Bitcoin stands the perfect chance to draw more investments from strategic […]

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 Grayscale Investments claims to have purchased almost half of all of the Ethereum mined so far in 2020. The asset management firm has seen a considerable spike in institutional investment — some even willing to buy into the trust at a hefty premium. The Grayscale Ethereum Trust has reportedly purchased 48.4 percent of all […]

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 The spike in Ethereum trading volume seen in February has all but disappeared amid the current economic and humanitarian crisis gripping the world. As macroeconomic trends take center stage, much of the cryptocurrency sector has been left in the shadows — a marginal player amid the worsening crisis, Ethereum is no exception. The leading […]

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. […]