Ethereum (ETH)

Litecoin is facing a major resistance near the $52.00 zone against the US Dollar. LTC price is now trading below $52.50 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $51.65 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a steady upward move if it clears the $52.00 and $52.50 levels. Litecoin price is struggling below $55 against the US Dollar, similar to bitcoin. LTC...

Over the course of the last month, Ethereum has adopted a sinusoidal pattern. Sellers defended the $1,400, while buyers were protecting $1,200 strongly. After reaching a peak at $2030 on August 23, the overall structure remains negative. Technical Analysis By Grizzly The Daily Chart The price is moving in a narrow range on the daily chart against the US dollar, resulting in minimal change in the overall trend. Furthermore, on a larger scale, the pair is clearly declining in a...

The Optimism bridge supporting privacy coin BitBTC is actively being exploited for 200 billion BitBTC tokens.  Due to the technicals of the hack, the BitBTC team now has less than 7 days to implement an upgrade to minimize the damages. A Poorly Designed Bridge According to Arbitrum tech lead Lee Bousfield on Twitter, the BitBTC bride contained a “critical exploit” that left it “trivially vulnerable.” It involves the bridge’s relationship between Ethereum’s layer 1 (L1)...

Crypto wallet provider BitKeep Wallet has become the latest victim of an endless wave of DeFi hacks this month. Blockchain security firm PeckShield first raised the alarm on Twitter late Monday, and BitKeep published an update on the incident in the early hours of Tuesday.  After alerting the public, the security firm asked users to follow some steps to ensure the safety of their funds. The steps included connecting their wallet to a revoke.cash site and revoking their...

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Ethereum price is showing positive signs 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 key bearish trend line with resistance near $1,290 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it clears the $1,340 resistance zone. Ethereum price is rising above the $1,300 level against the US Dollar. ETH/USD could rise further if it clears...

Latest data also suggest that nearly 14,930 developer contributions were recorded on Polkadot’s GitHub for August, establishing a new monthly ATH by a wide margin. Polkadot surpassed the margin yet again but for the first time in September, concluding the month with 15,433 contributions, the highest recorded on any network, including Ethereum. New Records For Polkadot The launch of new parachains continued on a regular basis taking the number of active ones to 40 on the...

Scam is such a strong word in the world today. Why is that the case? It is because scams run rampant in all corners of the globe and in all sectors where finances are involved. Unfortunately, bad actors are actively working to cheat people and steal their funding as the crypto community has witnessed in recent months. Digital hackers have stolen millions of dollars’ worth of cryptocurrency, mainly due to weaknesses in particular dApps or in various bridge protocols....