The cryptocurrency market is on a downward trend after Bitcoin failed to establish support at the $11,000 level, plunging instead to around 10% to the $10,000 region. Ethereum has equally felt the heat, plunging 32% in what was the largest percentage loss ever in a single day, and on Monday it was trading at $206.08.
In summary: Ethereum’s price has zoomed past the $225- $228 resistance zone. The next price level of considerable resistance for ETH is at $250. Deribit experienced a record volume of $20 million in ETH options traded. ETH’s price could keep moving up as all bets are on ETH2.0 being launched in July. Traders and investors
Look below at the map of public nodes on Bitcoin’s Lighting Network. Europe and the U.S. are filled with them. The rest of the world is an ocean of blankness with a few scattered islands. Source: Lighting Network Explorer Africa appears to have eight nodes total. From this map, entrepreneur and IT guru Chimezie Chuta
Tax day this year, like everything else, is different. The United States Internal Revenue Service has rescheduled it to July 15, but there’s little time left to get your records together and to file. Everyone knows the IRS is pushing hard to scrutinize crypto. A new IRS question appears at the top of Schedule 1
Newly released documents relating to Telegram’s 2018 ICO have revealed some big-name backers, including Russian oil tycoon Roman Abramovich and former Minister of Open Government Affairs Mikhail Abyzov. The publication of the documents highlighting some of the big-money backers in Telegram’s planned blockchain, Telegram Open Network (TON), is just the latest development in the US
Ether (ETH) mining pool Etherchain decided to distribute the $2.6 million in fees it received as part of the abnormal string of transactions seen last week. According to a tweet published on June 15, the pool will distribute the windfall to all miners who participated in that block, according to a snapshot taken at the
The crypto space has not been in the best of health over the past few weeks as the coronavirus pandemic and the associated turmoil in the markets took its toll. However, that does not mean that important developments have not been taking place in the crypto sphere amidst the turmoil. Key Things to Watch One
Last week, Ethereum (ETH) showed some near-term recovery against the US dollar with the ETH/USD pair forming a support base above $200 before showing signs of upside correction. On the other hand, Ripple (XRP) did not perform well last week with prices falling by over 7%, but in Monday’s session, the coin has been rather
Ether (ETH) options were launched over a year ago at Deribit derivatives exchange but they have only recently gained traction. Open interest is the main gauge for derivative contracts activity, and on Ether options it has soared by 315% over the past two months to $158 million. This surge in OI has many retail investors
In brief: $250 is a major resistance zone for Ethereum. ETH had managed to break this price level and briefly traded at $253. The push was short-lived as Bitcoin dumped hard taking down the entire crypto market with it. Stats show that whales moved a lot of Bitcoin to Binance and Bitmex before the dump.
In a framework published in the Harvard Business Law Review on June 15, Heath Tarbert, Chairman of the Commodity Futures Trading Commission, broadly advocated financial regulation based on broader principles rather than specific rules. The argument for principles The argument for principles is that the approach entails less red tape and, ideally, encourages innovation. Tarbert
Last week, the crypto community spotted transaction fees of up to $2.6 million featured in several transactions on the Ether (ETH) network. Vitalik Buterin has since suggested that the abnormous fees “may actually be blackmail,” but some researchers have now challenged that claim. Blackmail theory The first suspicious transfer took place on June 10, when
Almost all markets across the world have been in turmoil owing to the economic uncertainties brought about by the coronavirus pandemic, and in that regard, the crypto market has been no different. However, one of the major cryptocurrencies to have made a remarkable recovery since hitting its lowest levels in March is Ethereum (ETH), and
The world of cryptocurrencies has developed at a breakneck pace over the past few years, and now it has emerged that tech behemoth Microsoft (NASDAQ:MSFT) is going to work with Ethereum to create new digital assets. Until a few years ago, it was almost unthinkable that one of the biggest companies in the world was
In brief: The DeversiFi Exchange is now live. It utilizes the ZK-Rollup Layer 2 Scalability Solution on Ethereum. It can handle 9,000 transactions per second and more. Traders can trade directly from the ETH Wallets such as MetaMask, Ledger, and Keystone. Privacy is further guaranteed through the use of StarkWare zkSTARKS technology. As the Ethereum
Craig Wright, the self-proclaimed Satoshi Nakamoto candidate and chief scientist at NChain, has addressed the recent allegations about him hacking the now-defunct exchange Mt. Gox. Last week, a lead maintainer of Monero (XMR) privacy coin Ricardo Spagni tweeted out court documents suggesting Craig Wright’s affiliation with a Mt. Gox-related Bitcoin (BTC) wallet known as “1Feex”: