Ethereum (ETH)

XRP is one of the handful of crypto-assets that has outperformed Bitcoin in the latest market-wide rally. Traders are placing their bets on a potential victory for the blockchain firm Ripple’s multi-year legal battle against the US Securities and Exchange Commission (SEC), with a ruling expected in April. In the past two weeks alone, XRP was up by 40%. XRP’s Retail-Driven Rally According to the latest report by Kaiko, XRP trading activity has been heavily concentrated on...

With the much-awaited Shapella (Shanghai) upgrade just hours away, the value of staked Ethereum with unrealized losses has decreased significantly. But it is the largest stakers who have suffered the greatest losses. Unrealized Losses on Ethereum Beacon Chain According to Glassnode, the net unrealized loss on the Ethereum Beacon Chain now stands at $4.7 billion, after falling by 71% from the peak of $16 billion following the collapse of Terra Luna ecosystem tokens. During the...

Ethereum’s Shanghai upgrade, also commonly referred to as Shapella (we’ll explain why below), is scheduled for April 12th. It’s the next major upgrade following Ethereum’s transition to Proof-of-Stake (a.k.a The Merge), and it will introduce a major mechanic change. The upgrade consists of a few Ethereum Improvement Proposals (EIPs), although most of the focus is on one particular. The EIPs in question are: EIP-3651: Warm COINBASE EIP-3855: PUSH0 instruction EIP-3860: Limit...

Ethereum price is moving higher above the $1,850 resistance against the US Dollar. ETH price is now trading above $1,850 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,860 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the $1,850 support zone. Ethereum price is rising above the $1,850 level against the US Dollar. ETH/USD could rise further if it clears the $1,940...

Hackers drained almost $13 million worth of digital assets from the South Korean cryptocurrency platform GDAC. This is the latest in a string of setbacks the industry went through. The Latest Victim The exchange’s team notified its users on April 9 that hackers exploited the Gdac Hot Wallet and transferred a significant amount of cryptocurrencies to an unidentified wallet.  They stole over 60 BTC, 350.5 ETH, 10,000,000 WEMIX, and 220,000 USDT (which accounted for around 23%...

The cryptocurrency market has stalled for the past several days, but all that is expected to change by the middle of the week. This is because of two notable events about to take place – the announcement of the latest CPI data in the United States and the long-anticipated Shanghai/Shapella update for the Ethereum network. CPI Data on the Horizon For the past year or so, the US CPI data has been strongly impacting bitcoin’s price performance, at least for the short term. The...

Technical Analysis By: Edris Ethereum’s price has been rallying over the past few months, breaking through multiple significant resistance levels. However, the bullish momentum is seemingly fading as the cryptocurrency is struggling to rise at the time of this writing. The Daily Chart: On the daily timeframe, the price has been consolidating above the higher boundary of the large symmetrical triangle pattern and the broken $1800 resistance level. However, it is unable to...

The past seven days saw the broader cryptocurrency market cool down a bit, with some of the previous week’s leaders also taking a breather. Namely, Ripple’s XRP was unable to sustain the major gains it posted seven days ago and is lost around 5% throughout this week. It could just be setting itself up for another leg up, though. Let’s dive in. The total cryptocurrency market cap is down about $15 billion in the past seven days, which is indicative of it cooling down. BTC was...

The University of California in San Diego has been gifted $15 million in crypto by the Balvi Filantropic Fund, run by Ethereum co-founder Vitalik Buterin. It’s easily one of the largest digital currency donations to ever be made to a school. The money will be put towards a program in which the school will perform research on aerosols. UC San Diego Is Getting a Lot of Crypto Funds Buterin mentioned in a statement: Over the last several years, it has become abundantly...

Arthur Hayes says Maelstrom is “patient” and is currently only seeking to invest in projects that can prove their worth. Erstwhile BitMex CEO Arthur Hayes plans to beat returns offered by Bitcoin (BTC) and Ether (ETH). Together with former BitMex head of corporate development Akshat Vaidya, Arthur Hayes founded Maelstrom Capital, a fund they plan would considerably outperform the top two largest cryptocurrencies by market cap. The Maelstrom website describes the company as Arthur Hayes’...