Crypto news

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The Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60% as fears over liquidations mount. The discount to net asset value (NAV) had been between -25% and -35% up until early November when FTX collapsed. It has since plummeted to its lowest-ever level this week. The Ethereum Trust is the firm’s second-largest, with $3.7 billion in assets under management (AUM). It holds around 3 million ETH, which is about 2.5% of its total market capitalization. The ETHE...

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ADA price seems to be forming a support base above the $0.24 level against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.270 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it clears the $0.270 and $0.30 levels. Cardano price is showing positive signs above $0.250 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price is slowly moving higher from the $1,180 level against the US Dollar. ETH price is now trading above $1,180 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1,195 on the 4-hours chart (data feed from Coinbase). The pair could start a decent increase if it clears the $1,250 resistance zone. Ethereum price is struggling below $1,250 against the US Dollar. ETH/USD could start a decent increase if it...

The Seoul Central District Court reportedly ruled that the owner and former Chairman of the South Korean cryptocurrency exchange – Lee Jung-hoon – has not defrauded Kim Byung-gun for 112 billion won ($87.5 million). Had he been found guilty, he could have faced a prison sentence of up to eight years. The Court’s Final Word According to a local coverage, the 34th Division of the Criminal Agreement of the Seoul Central District Court found Lee not guilty of the accusations of...

Erik Voorhees – CEO of ShapeShaft and an outspoken proponent of bitcoin – believes it could take between six months and three years before the next crypto bull run occurs.  He also predicted that the primary cryptocurrency could surge to $40,000 by the summer, representing a 140% increase compared to current valuations. ‘It Won’t be Ten Years’ In a recent interview for Bankless Shows, Voorhees argued that the reigning crypto winter will not last for another decade. However,...

Ethereum Name Service (ENS) clocked in over 2.2 million domain names in 2022 despite the devastating turmoil in the crypto market. This also represented nearly 80% of all of the domains created since its inception. Data from Dune Analytics revealed that the Ethereum-based distributed domain name service registered more than 2.82 million names as of January 2nd. ENS domain name purchases are made with Ether tokens. With the fall in the price of the crypto-asset significantly...

One of the largest pharmacy chains in Ukraine – ANC Pharmacy – joined forces with Binance to enable customers to pay for medical products and supplies in cryptocurrencies.  The exchange has provided its services to the war-torn country numerous times over the past several months. It donated $10 million worth of digital assets to Ukraine shortly after the launch of the Russian “special military operation” and introduced a crypto card designated for Ukrainian refugees. Buying...