Ethereum Watch

Advertisements Quick take: An experienced ‘defi farmer’ used flash loans to drain Harvest Finance of $24 Million in just 7 minutes The team behind Harvest Finance have admitted they made an engineering error when designing the protocol They’ve issued a $100k bounty to any person or team that helps in returning the funds Harvest Finance […]

Advertisements Summary: Bitfinex CTO and Tether CTO, Paolo Ardoino, has clarified that Tether (USDT) is indeed regulated Mr. Ardoino announced via Twitter that Tether was also registered with FinCEN His comments come after Tether competitors have been using the ‘regulation’ card to gain favor with users Tether recently hit $16 Billion in market capitalization There […]

Advertisements Summary: The number of Ethereum addresses holding between $1 and $10 currently stands at 15 million This is almost two times higher than those of Bitcoin holding a similar amount Ethereum continues to be the favorite for those transacting on the blockchain Ethereum has also dominated trending topics after ETH broke $400 The number […]

Advertisements Summary: The Ethereum network is on track to settle $1 Trillion this year Such an amount in a one year period will be a first for any public blockchain Ethereum is currently transacting two times more value than Bitcoin on a daily basis This has been due to the rise of stablecoins on ETH […]

Advertisements Summary: ChainLink technology is now being used by Unstoppable Domains to link Twitter handles to public Ethereum addresses This can be used as a form of identity verification and reduces the hustle of double-checking ETH addresses before sending funds The price of ChainLink has also benefited from the news of PayPal offering crypto services […]

Advertisements Summary: Ethereum’s value has received a major boost from the PayPal news Ethereum is one of the major digital assets that PayPal’s crypto service will support ETH has since broken the $390 and $400 resistance levels with $420 up ahead Progress on ETH2.0 has continued to gather steam with a deposit contract expected any […]

Advertisements Summary: The top 10 Ethereum whales have been moving their ETH from exchanges to non-custodial wallets Exchanges have seen a 20.5% decrease in ETH for the past 2 months The movement of Ethereum out of exchanges is proof that whales and retail investors are confident regarding ETH’s long term value The price of Ethereum […]

Advertisements Summary: Social media platforms such as Twitter, Reddit and Telegram can be used to gauge investor and trader sentiment in the crypto-verse According to the latest quarterly report by eToro, Ethereum’s Tweet volume surged by 54% due to DeFi Similarly, Tron experienced a 228% Twitter growth due to DeFi However, Bitcoin still dominated in […]

Advertisements Quick take: The amount of ETH and BTC locked in DeFi currently stands at $4.78 Billion This amount represents 43% of the total value locked in DeFi The number of ETH locked in DeFi has increased by 194% in 2020 The number of BTC locked in DeFi has increased by 10,000% The hype surrounding […]

Advertisements Quick take: Grayscale currently manages a total of $6.3 Billion in digital assets Its Ethereum trust is worth $869.7 Million This figure is approximately 2% of Ethereum’s market cap indicating Grayscale holds a similar percentage of ETH’s circulating supply The team at Weiss Ratings predicts an 18% spike in Ethereum’s value once ETH2.0 is […]