Ethereum (ETH)

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) The market turned bullish yesterday, and Ethereum broke above $2,000. This allowed it to book a respectable 7% price increase this week. The momentum is bullish, and continuation seems likely. The current resistance is found at $2,120 and represents a local high achieved in April which is also the last time ETH broke above $2,000. A second attempt to break this key level...

CoinspeakerCoinbase’s Layer-2 Network Base Unveils Mainnet for Developers before Public Launch The Coinbase Base mainnet will allow developers to deploy applications on the Base platform. This mainnet includes two functioning block explorers and an official RPC node, which enables users to read data and send transactions. Coinbase’s Layer-2 Network Base Unveils Mainnet for Developers before Public Launch

CoinspeakerPolygon Announces Proposal Upgrade for MATIC Tokens The proposed POL token is designed to operate seamlessly across all platforms, including Proof of Stake (PoS), zkEVM, and Supernets. Polygon Announces Proposal Upgrade for MATIC Tokens

Litecoin is consolidating losses near the $96 level against the US Dollar. LTC price is now trading below $98 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $97.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $97 and $98 resistance levels. Litecoin price is showing positive signs above $92 against the US Dollar, similar to...

Ethereum layer-2 ecosystem is heating up with the space seeing yet another entry by ConsenSys, an already established player in the industry. ConsenSys, the firm behind MetaMask, announced the launch of its layer-2 network – Linea – to the main Ethereum blockchain this week. It will soon begin onboarding partners as well. The new layer-2 scaling solution is a zkEVM rollup network leveraging zero-knowledge proofs while making it an Ethereum Virtual Machine (EVM) equivalent....

Tools for Humanity – a company that has introduced a new digital token known as World Coin – has recently garnered as much as $115 million in a new series C funding round led by Blockchain Capital. The company has announced that the funds will go towards growing the breadth of World Coin, as well as developing alternatives to CAPTCHA tests. Tools for Humanity Garners a Lot of Cash World Coin aims to be one of the few fully democratic digital tokens out there in...

CoinspeakerFCA Investigation Results in Closure of 26 Crypto ATMs across UK This move is part of the regulator's efforts to ensure the financial system's integrity and prevent potential illicit activities associated with unregulated crypto transactions.  FCA Investigation Results in Closure of 26 Crypto ATMs across UK

Ethereum price is eyeing an upside break above the $1,900 resistance against the US Dollar. ETH price is now trading below $1,890 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $1,900 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,825 support zone. Ethereum price is rising above the $1,850 level against the US Dollar. ETH/USD could rise further if it...

Non-custodial decentralized finance (DeFi) protocol, Arcadia Finance, is the latest victim of a $455,000 exploit that occurred on both the Ethereum and Optimism networks. Confirming the hack, Arcadia revealed that it is working with security partners to minimize the damage after pausing the contracts. The platform has also roped in law enforcement to deal with the issue. Blockchain security expert PeckShield was first to notify the attack on Arcadia and claimed that it was...

Bitcoin and Ethereum are trading at an enticing discount on Binance.US, but not all users will be able to leverage it. At nearly $27,500, Bitcoin is trading about $2,500 lower on Binance.US compared to global spot markets. Ethereum, on the other hand, was trading at $1,700 – a discount of $200, offering market participants a better price than other crypto exchanges. Discount Concerns Crypto users took to Twitter to address the situation and termed it a “depeg” of...