Ethereum (ETH)

Ethereum price started a decent increase above the $1,300 level against the US Dollar. ETH price is now trading above $1,300 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1,310 on the 4-hours chart (data feed from Coinbase). The pair could rally further if it clears the $1,400 resistance zone. Ethereum price is rising above the $1,300 level against the US Dollar. ETH/USD could rise further if it...

Controversial crypto entrepreneur Jason Falovitch on Sunday reported that hackers breached his crypto wallet on OpenSea and stole four NFTs and six ETH. The value of the stolen assets is estimated to be in the range of $150,000, media reports said. In a similar incident, earlier this month, famous American actor and comedian Bill Muray became a victim of hackers and lost 119.2 ETH worth $185,000 that he had just finished raising through his NFT action for a charity.   Asking...

Press Release: Users of the popular casino platform 1xbit can now benefit from the super fast transaction speeds and very low fees with the addition of Polygon. (Matic) 26th September 2022, Limassol, Cyprus — 1xBit has added Polygon [MATIC] to its expanding portfolio of supported crypto assets.The top 10 cryptocurrency offers players new possibilities with super fast speeds and almost no transaction fees whatsoever. Polygon: What is the Hype About? Polygon is a...

Bitcoin and Ethereum have been having a tough time. The problems began again at the end of August when Jerome Powell, the leader of the Federal Reserve, made a five-minute speech suggesting the agency was going to be ruthless in its attempts to curb inflation. Bitcoin Ain’t Doing So Hot This, of course, means people can potentially look forward to further rate hikes, which have not done well for bitcoin. Every time rates go up, bitcoin’s price goes down along with the...

A hacker managed to get away with 732 ETH worth around $950,000 from a crypto wallet. Interestingly, blockchain security firm PeckShield revealed that the theft was carried out via the same vanity address hack connected to the UK-based crypto market maker Wintermute. On-chain data suggested that the hacker moved the stolen funds to the OFAC-sanctioned crypto mixing tumbler Tornado Cash. The latest exploit comes days after decentralized finance aggregator 1inc first discovered...

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The IRS is going after crypto owners who fail to report gains on their taxes. The US tax authority got a court order Thursday enjoining an NYC bank to turn over records on potential crypto tax dodgers. While crypto markets appear in the throes of “winter” against buys made last November to date, half of the bitcoin holders are holding at a profit. The IRS requires US taxpayers who sell bitcoin or any cryptocurrency at a profit to report it. And it is willing to use all means...

The co-founder of Ethereum suggested that two other PoW blockchain protocols could transition to PoS in the near future. He also spoke about the Merge during the 2022 Mainnet blockchain event and gave a brief update about the next step in Ethereum’s development – the Surge. Ethereum made history on September 15, when it became the first large-scale blockchain protocol that successfully transitioned from proof of work to proof of stake. The ramifications of this significant...

Following the last red days, ETH has hit the support area between the white descending line and the price range at $1,220-$1,280 (in green). So far, the bulls have successfully maintained the high selling pressure; however, the situation is still fragile. Looking at the bullish case, ETH must close above the key resistance at $1,420 (in red). The first target of such a movement can be considered at $1650. However, the danger is still here, and if the support range at $1220...