Ethereum (ETH)

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Less than two weeks into the new year, malicious entities have already started doing what they do best. According to the latest update by the blockchain security company CertiK, two recently created contracts – CirculateBUSD and CirculateWBNB – have been pumped away by the creators. The funds have been bridged to Ethereum and deposited into the OFAC-sanctioned coin mixer, Tornado Cash. By doing so, the creators of the two contracts managed to pull off what looks like an exit...

Litecoin started a strong increase above $70 against the US Dollar. LTC price is now trading above $80 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $82.00 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 $78. Litecoin price is rising steadily above $75 against the US Dollar, similar to bitcoin. LTC price could continue...

Ethereum’s price is on the verge of breaking out from a significant resistance level after testing it for quite a while. However, there are still some obstacles for the price to overcome in order for a new bullish phase to begin. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is breaking above the key $1300 resistance level after finally surpassing the 50-day moving average. In case of a bullish breakout, the 200-day moving average found at...

Bitcoin, Ethereum, and other digital currencies hit rock bottom in 2022. Many of them crashed and experienced dips of 70 percent or more. Now, BlackRock – a famed investing firm – has stated that many assets and businesses that have moved in tandem with bitcoin and crypto are not likely to heal in the coming months, and that the Federal Reserve will not come to the rescue like they have with rate hikes. BlackRock Predicts Gloom and Doom for 2023 With talk of recession...

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The Office of Foreign Assets Control’s (OFAC) tryst with the crypto industry dates back to 2018 when it designated two Iran-based individuals of malicious cyber activity. There has been no looking back since. More recently, the bombshell announcement that the US Treasury Department banned American citizens from using Tornado Cash, has had industry leaders abuzz. While sanctions did reduce Tornado Cash’s activity, a recent report by Chainalysis shows that it is not easy to...

The DeFi world, along with the rest of the cryptoverse, is still in the grip of fear and dread. 2022’s crypto winter continues with no clear end on the horizon. With still no sight of a near-term market bottom forming, some investors have even taken to wondering if DeFi is dead on arrival altogether. But there are some inspiring data about the health and usage of the most prominent DeFi ecosystems today. The winners will go on to keep playing through the next big crypto...

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Ethereum price is gaining pace above the $1,250 level against the US Dollar. ETH price is now trading above $1,250 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1,300 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it clears the $1,350 resistance zone. Ethereum price is rising above the $1,250 level against the US Dollar. ETH/USD could rise further if it clears the $1,350...