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 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
In brief: Since January 2020, Tether’s market cap has more than doubled from $4 Billion to $9.187 Billion. This is an increment rate of approximately $1 Billion per month. Ethereum’s market cap is currently at $27 Billion and theoretically, it could take USDT another 18 months to catch up. Demand for USDT will increase with
In summary: Ethereum has started off the month of June with sideways movement. This movement could be a precursor to another attempt at breaking and holding $250 as support. There is additional fundamental bullishness as investors anticipate staking on ETH2.0. The month of June is now in its second week and Ethereum’s price is in
Quick take: Earlier today, 0.55 ETH was transferred for a transaction fee of 10,668.73 ETH. This translates to approximately $2.6 Million in fees paid for a transaction worth $134. Although initially seen as a mistake, questions still linger on other possible explanations. A transaction on the Ethereum blockchain has crypto enthusiasts scratching their heads as
Quick take: Earlier this week, an Ethereum transaction with a $2.6M fee shocked the crypto community. A second transaction from the same ETH address also paid $2.6M in Ethereum fees. Also in the same week, a third transaction from a separate ETH address paid $540,000 to send 3,221 in ETH. Ethereum Improvement Proposal 1559 aims
In brief: Ethereum held the $228 support zone earlier this week when Bitcoin dropped to $9,110. With BTC exhibiting bearish signs, a drop could cause Ethereum to break this support zone. Once broken, the 50-day moving average provides adequate support at around $218. Ethereum is still holding its own in the crypto markets ahead of
Quick take: Three Ethereum transactions with high ETH fees were mined last week. StarkPool and Ethermine mined two of the transactions and had requested the sender to contact them for possible discussions. Almost a week later, the sender has not reached out and both mining pools have opted to distribute the fees to miners. Ethermine