Non-fungible token marketplaces have shattered record-breaking trading volumes. But experts believe that the nascent space of NFT may see a crash soon that would mimic the 2019 ICO collapse. NFT Crash, If or When? An NFT crash may happen in the next six months. This was according to Ryan Carson, Chief Operating Officer, PROOF Collective, a podcast that covers the NFT ecosystem in-depth. His tweets regarding the same read, “The quick-flip 10k PFP projects, me-too derivs and...
Read More »Ethereum Price Analysis: ETH Collapses to $2.5K, Where to Next?
Key Support levels: $2,500, $2,200 Key Resistance levels: $2,800, $3,000 The correction appears to have ended, at least in the short term, with the price touching the key support at $2,500. Now there is a worthy attempt to go higher towards the key resistance at $2,800. After closing in red for six consecutive days, ETH may finally have a green one. Chart by TradingViewTechnical Indicators Trading Volume: Today’s volume is rather weak. If the reversal is to be trusted, then...
Read More »A Contrast of the Most Popular Smart Contract Platforms
In 2021, many smart contract platforms competed for users’ attention and attempted to be the next Ethereum killer. The terms DeFi, GameFi, and NFT, have been all over the media lately, and any of these would not be possible without smart contracts. As more smart contract platforms are introduced, it becomes hard for newcomers to choose which is right for them. This article will examine some of the most popular smart contract platforms and share our hands-on experience...
Read More »Ethereum Price Analysis: ETH Dives Below $3K
Ethereum price started a fresh decline from well above $3,000 against the US Dollar. ETH price is now trading below $3,000 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $2,930 on the 4-hours chart (data feed from Coinbase). The pair could continue to move down if it fails to stay above the $2,480 support zone. Ethereum price is gaining bearish momentum below $3,000 against the US Dollar. ETH/USD remains...
Read More »Ethereum Price Analysis: ETH Tumbles 18% in 4 Days, Will Key Support Level Hold?
The market took a nosedive over the weekend, and now ETH is on a clear path to retest the $2,500 support. According to market data by CoinGecko, ETH has been down 4% over the past day and 18% since Thursday. Key Support levels: $2,500, $2,200 Key Resistance levels: $2,800, $3,000 With a bearish cross on MACD and plunging price, the outlook for ETH is not great. The rejection at the $2,800 resistance has intensified the sell-off. ETH is now heading towards the key support...
Read More »Market Watch: Bitcoin Plummets to a 2-Week Low at $38K
Bitcoin’s troubles only intensified in the past 24 hours as the asset dropped by a few thousand dollars again to a 16-day low of $38,000. The altcoins are deep in the red as well, with Ethereum at $2,600, Cardano well below $1, and AVAX beneath $80. Bitcoin Dumps Again It’s safe to say that bitcoin has seen better days which weren’t all that long ago. Just on Tuesday and Wednesday, the cryptocurrency recovered from its latest dump to $42,000 and jumped to nearly $45,000....
Read More »$1.7 Million in ETH Stolen from OpenSea Users: The NFT Marketplace Investigates
OpenSea users complained about a phishing attack that resulted in countless stolen non-fungible tokens, according to PeckShield. At the same time, the NFT marketplace said it was investigating these “rumors,” and any attack was not related to its website. Reports started to emerge earlier from OpenSea users who saw unsettling behavior in their accounts. Shortly after, the blockchain security company PeckShield alerted that there was an ongoing phishing attack, requesting...
Read More »IRA Financial Trust Hacked, Millions in Crypto Funds Stolen
It’s a real problem getting your crypto account hacked, but if it contains the funds you’re going to use to retire, well… Then the situation becomes even bigger, and for several customers of IRA Financial Trust – a firm that allows its clients to invest their retirement funds in digital assets – this truth is hitting home right about now. IRA Financial Trust Sees a Lot of Money Disappear IRA Financial Trust has recently had about $36 million in client-owned digital funds...
Read More »Anthony Noto: Companies Need to Be Invested in Crypto
The CEO of SoFi Technologies Anthony Noto says that while cryptocurrencies are indeed risky assets, any business that doesn’t invest now is going to miss the boat. Anthony Noto Says Businesses Need to Get Involved in Crypto In a recent interview, Noto revealed that his family office has spent the last year or so investing in mainstream digital currencies like bitcoin and Ethereum. He commented: We’re invested in cryptocurrency. We own bitcoin, we own Ethereum, we own...
Read More »Kanada will Bitcoin des Freedom Convoys beschlagnahmen
Die Situation in Ottawa spitzt sich weiter zu. Offenbar haben nun Einwohner Ottawas eine Klage eingereicht, die das Ziel verfolgt, das an die Trucker gespendete Geld zu beschlagnahmen und es an die Bürger der Stadt zu verteilen. Auch die gespendeten Bitcoins könnten davon betroffen sein. Bitcoin News: Kanada will Bitcoin des Freedom Convoys beschlagnahmenInzwischen wurden Cryptocoins von über 120 Wallet-Adressen im Zusammenhang mit dem Freedom Convoy in Ottawa eingefroren – darunter nicht nur...
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