Quick take: Hodlers of over 1.23 Million Ethereum Classic addresses bought ETC at or near the all-time-high in January 2018 of $47. This translates to roughly 69% of Ethereum Classic holders. Ethereum is currently valued at $6.40 and the drop in returns could be a contributing factor to the negative sentiment surrounding ETC. According to
Ethereum Updates
In brief: The Filecoin (FIL) mainnet is still on track for a Q3 launch. CoinList to be the primary distributor of Filecoin tokens. To kick start development on the platform, a virtual hackathon has been launched by ETHGlobal and Protocol labs. The event is meant to provide an environment for developers to build DApps for
Decentralized finance is growing at a rapid pace, and at the center of it all is Ethereum. Sentiment surrounding the largest altcoin in the cryptocurrency industry, however, is extremely low after a prolonged bear market. The growth in DeFi has brought some positive buzz back to the altcoin, but pundits argue that without another ICO
In brief: Real-time data reveals that Ethereum is still the most active smart contract platform. Tron (TRX) ranks second with EOS, Tezos (XTZ) and Cardano (ADA) coming in third, fourth and fifth respectively. Ethereum’s dominance in this regard, will continue for the foreseeable future. Real-time data from the team at Messari reveals that Ethereum (ETH)
In brief: Ethereum experienced the second-highest number of monthly transactions in June 2020. ETH’s highest monthly transactions were in January 2018 when Ethereum hit a new all-time high of $1,432. Additional data points to Ethereum experiencing its highest daily transactions on the 29th of June. All this could hint to ETH having hit a local
The start of the year has not been good for Ethereum. The transaction count had declined to twelve months low during February, along with the price collapse of Ether, which trailed the cryptocurrency market in general. But on April 30th the transaction count surged by 72% from its lowest point early in the year. Behind
Quick take: Support for Ethereum Improvement Proposal 1559 is gathering traction. The ETH community is crowdfunding efforts to have it developed and implemented on the Ethereum blockchain. 43 ETH and $16,800 in DAI have been raised thus far. The EIP aims at solving the issue of high transaction fees such as the ones witnessed in
In brief: Ethereum is once again battling to maintain the $228 support zone. All signs point to BTC heading to lower levels. However, ETH’s bullish momentum is very much intact primarily due to ETH2.0. Ethereum could be printing a bull flag on the daily chart that could ultimately push its value to $290 levels. It
In brief: Bitcoin’s correlation with the S&P 500 is still very much intact as witnessed in yesterday’s dip. Ethereum is also highly correlated to BTC. Therefore, logic dictates that Ethereum is also highly correlated to the S&P 500. If ETH is a measure of the alt-market, then the entire alt-coin market is also correlated to
Quick summary: $228 is once again the level to watch ahead of Ethereum’s weekly close. This area has provided adequate support for ETH since the beginning of June. With a new week ahead, and like Bitcoin, there is a 50:50 chance it could go either way for Ethereum in the crypto markets. Another weekly close
Quick summary: Compound Finance has shaken up the DeFi industry since Coinbase announced it was listing COMP on June 22nd. The value of COMP has seen tremendous gains in a period of a week from a value of approximately $70 to $345. The quick popularity of Compound Finance has led to the project edging out
In brief: Ethereum investors and traders are anticipating a July 2020 launch of ETH2.0. Progress of ETH2.0 is very much on track despite a few hints that the launch might be pushed forward. Investors and traders are playing the long game with Ethereum and evidence pointing to a continual accumulation of ETH in anticipation of
In brief: Ethereum Classic miners can now opt to also mine Zilliqa. ETC miners in the Ethermine mining pool can update their mining code to support Zilliqa mining via Ezil.me. The merged mining operates by automatically switching between mining ZIL and ETC. Ethereum Classic (ETC) miners now have the option of configuring their rigs to
In brief: The owner of the Ethereum address that paid approximately $5 Million in ETH fees has finally been identified. According to the team at PeckShied, it belongs to a small P2P exchange in Korea called Good Cycle. The Good Cycle crypto exchange appears to be a Ponzi Scheme. The mystery owner of the Ethereum
In summary: Binance has launched the Testnet version of its Smart contract blockchain. Dubbed Binance Smart Chain, it will run parallel to the Binance Chain. Additionally, it will be compatible with the Ethereum Virtual Machine (EVM). The founder and CEO of Binance, Changpeng Zhao, has informed the crypto community via twitter that the Testnet of
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