Ethereum (ETH)

Ethereum and Cardano have always been at loggerheads. The two blockchain network’s development activity has been pitted against each other even before the former’s transition to Proof-of-Stake (PoS). Needless to say, Ethereum and Cardano went on to become the blockchains with the most active developers in 2022, with 223 and 151 average daily devs throughout the year. According to the latest report by DappRadar, Ethereum saw the smallest decrease of 9.37% in active developers...

21Shares announced the launch of first-of-its-kind crypto staking index ETP focused on proof-of-stake-based coins. Dubbed 21Shares Staking Basket Index ETP (STAKE), the product will essentially provide exposure to staking rewards while tracking the performance of underlying staked coins via a single ETP. World’s First Crypto Staking Index ETP According to the official press release, the index will track ten crypto-assets, including Binance Coin (BNB), Cardano (ADA), Cosmos...

ETH’s price is rallying throughout the past couple of weeks. But that’s not the only news adding to Ethereum’s bullish momentum this month. The decentralized computer network is closing in on 100 million Ethereum addresses. Crypto prices continue to swell with capital inflows as we enter the second half of January. Positive macroeconomic data continues to work its magic on asset valuations across the board. The S&P 500 Index and NASDAQ Composite have continued their new...

Bitcoin is continuing its weekly rally with a push beyond $22,000, bringing the crypto market back to a market cap of over $1 trillion.  The pump has triggered another avalanche of liquidations across digital asset exchanges. Bitcoin traded for roughly $21,380 at 19:45 UST on Friday, before pumping by $1000 to $22,370 by 21:00. The pump has only continued since then, with the top asset going for $22,615 at writing time.  Meanwhile, Ether has pumped from  $1590 to $1651 within...

Ethereum’s price surge has seemingly halted after rallying over the past couple of weeks. With multiple key resistance levels broken, the market seems likely to enter a bullish phase. However, some warning signals are emerging. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has broken past the $1300 resistance level, and the 200-day moving average is around the $1400 mark. Yet, bullish momentum has been fading recently, making a bearish...

Open source and decentralized protocol ssv.network DAO has launched a $50 million Ecosystem Fund dedicated to supporting the development of Distributed Validator Technology (“DVT”) based applications. According to a press release shared with CryptoPotato, the project secured the funds from various industry investors, including DCG, OKX, HashKey, NGC, Everstake, HackVC, GSR, Chorus.One SevenX, and 1kx. ssv.network noted that the fund is the first to be dedicated solely to DVT...

After the excessive turmoil in the crypto market triggered by the FTX liquidity and bankruptcy scandal, several crypto service providers began publishing their reserve funds. Popular crypto exchange OKX released its third Proof-of-Reserves (PoR), in which it revealed holding “clean assets” worth $7.5 billion in BTC, ETH, and USDT. In a statement, OKX’s Chief Marketing Officer Haider Rafique said, “Security, transparency, and trust are core tenets of the OKX business process...

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Litecoin started a strong increase above $80 against the US Dollar. LTC price is now trading below $80 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $86.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains unless there is a clear move below $80. Litecoin price is correcting gains from $92 against the US Dollar, similar to bitcoin. LTC price could...

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