Ethereum (ETH)

Republican governor Kristi Noem of South Dakota has vetoed a bill that would have established a central bank digital currency (CBDC) as a legitimate form of money without recognizing assets like BTC and Ethereum. Kristi Noem Shoves the Bill Aside In a recent statement, Noem commented: At this moment in time, such a government-backed electronic currency has not yet been created. More importantly, South Dakota should not open the door to a potential future overreach by the...

In recent months, Ethereum has experienced a significant surge in price, surpassing multiple resistance levels. However, the bullish momentum appears to be fading, and the cryptocurrency is currently having difficulty in continuing its upward trend. As of now, ETH is struggling to maintain its position and surpass a significant resistance region. Technical Analysis By Shayan The Daily Chart In March 2023, Ethereum’s price saw a significant rally when it found support at the...

Ethereum has often been touted as the only cryptocurrency with the right technology, embrace, and functionalities to outrank Bitcoin (BTC) in terms of market capitalization. The Ethereum network, dubbed the second-largest blockchain protocol by market capitalization, is set to undergo another significant upgrade dubbed Shapella. The Shapella upgrade is designed to usher in a new era wherein Ethereum staking products and services can produce rewards in a shorter time compared to the fund’s...

With Ethereum’s long-awaited Shapella upgrade just around the corner, it seems very few network users plan to put the protocol change to immediate use.  Data from IntoTheBlock shows that just 0.6% of Ethereum validators are planning to withdraw their stake after the hard fork.  As tweeted by the market intelligence provider on Tuesday, just 3,614 out of 562,717 Ethereum validators had chosen to withdraw their stake as of April 10.  Meanwhile, the upgrade rolls out at block...

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...