Ethereum (ETH)

Bit.com brings forward a full-suite cryptocurrency exchange that’s powered by Matrixport. The latter is an integrated financial services company that’s headquartered in Singapore. Launched in 2020, the exchange already supports a myriad of features such as perpetual contracts, futures contracts, as well as options products on BTC, ETH, and BCH, where the specific highlight is centered on launching BCH options. By means of volume, Bit.com ranks amongst the leaders in Bitcoin...

After launching five Permissionless Pools, Clearpool established its first-ever permissioned pool that allows institutional lenders to earn yields up to 15% by staking USDC. The project partnered with Jane Street Capital – a global proprietary trading company aiming to enter the cryptocurrency industry. Permission Pool Decentralized capital markets provider Clearpool launched a permissioned pool on Tuesday, enabling borrowers with higher Know-Your-Customers (KYC) requirements...

The cryptocurrency market has calmed down after the massive drop over the last two days. Currently, ETH lies on top of a critical support level, which most analysts refer to as a key level developed over the previous 12 months. Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, after the bears pushed the price down more than 10% over the past two days, the weekend has been relatively stable. However, is this calm before a giant storm? ETH...

Italian high-end luxury fashion house Gucci is all set to accept cryptocurrency in five stores in the US later this month. The move comes as the company continues to explore Web 3. Gucci Taps Crypto According to a report by Vogue, Gucci also plans to amplify the pilot to all of its North American stores this summer that the leading luxury brand directly operates. In the beginning, Gucci will accept 12 cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Wrapped...

Leave it to the Fed to say something stupid that ultimately brings down the prices of bitcoin and many of its altcoin cousins. The world’s number one digital currency is now trading for just over $40K at the time of writing after Jerome Powell of the Federal Reserve commented that the agency is looking to hike rates again next month as a way of combating inflation. The Fed Will Hike Rates Again In addition to bitcoin, assets like Ethereum fell by more than five percent,...

Litecoin started a fresh increase from the $94 low against the US Dollar. LTC price is now trading above $100 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $100 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could accelerate higher above the $107 and $110 resistance levels. Litecoin price is gaining pace above $100 against the US Dollar, similar to bitcoin. LTC price could...

The leading private bank in Liechtenstein – LGT Bank – partnered with SEBA Bank to offer direct investments in digital assets for its customers. The cryptocurrencies included in the initiative are the two largest by market capitalization – bitcoin (BTC) and ether (ETH). LGT Enters the Crypto Ecosystem The financial institution noted that the demand for digital assets has risen “sharply” in recent years. To cope with the growing interest, LGT allowed its clients to invest...

In anticipation of Ethereum’s upgrade to proof of stake, over 10% of ETH’s supply has been sent into the Ethereum 2.0 deposit contract. That’s over $35 billion in staked value at current prices. According to Etherscan, exactly 12,334,098 ETH is generating income through the contract at the time of writing. By comparison, ETH’s total supply is estimated at about 120,642,170 ETH. The smart contract involves staking ETH on the Beacon chain – the future “spine” of the Ethereum...

Today SEBA Bank, a fully integrated, FINMA licensed digital assets banking platform, today announced that it had partnered with LGT Bank, an international financial services provider with a focus on private banking and asset management, to provide digital asset custody and brokerage services. LGT Bank is part of LGT Group, a leading international private banking and asset management group with over CHF 280 billion in assets under management. LGT Bank is leveraging SEBA Bank’s fully regulated...

Ethereum bulls are trying to keep the uptrend at a critical stage. For a solid reversal, they must try to hold the dynamic support and break above the descending resistance line. Technical Analysis By Grizzly The Daily Chart On the daily timeframe, the bears have been unable to push the price below the dynamic support (in green). This trend line is currently playing an essential role in continuing the uptrend. On the other hand, losing it can psychologically cause panic in...