Ethereum (ETH)

After more than two weeks of trading below $40,000, bitcoin finally made a decisive move to reclaim that coveted level. The entire crypto market followed suit with massive daily price increases from Ethereum, Binance Coin, Cardano, Sollana, Polkadot, and many others. Bitcoin Surged $4K It was on January 20th and 21st when the primary cryptocurrency slumped below $40,000 for the first time in months. In the following few weeks, the asset failed to recover most of the losses...

The total cryptocurrency market has managed to recover a considerable chunk of its capitalization, with Bitcoin currently pushing above $40K. However, excluding today, we saw a serious correlation between Wall Street and crypto, but may this be coming to a halt? Bitcoin’s price recovered over 8% in the past seven days, but let’s break it down. This time last week, things were looking quite depressing, and BTC was failing to break out and dipped on Monday. It spiked towards...

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[PRESS RELEASE – Sydney, Australia, 4th February 2022] Developers across the Ethereum ecosystem are using AlphaWallet as the basis for secure, flexible wallets for a wide range of assets and use cases in Web3. Smart Token Labs announces that AlphaWallet has been publicly forked over 500 times, becoming the most-forked, fully open-source, EVM wallet. Developers around the world have used AlphaWallet’s source code to create more than 500 derivative wallets encompassing a wide...

Wormhole Bridge is back up with developers claiming that all funds are restored following the $320 million hack. Wormhole, a cross-chain bridge from Solana to other networks, suffered a major breach on Wednesday. Hackers managed to take control of 120,000 wrapped Ether worth $320 million. The breach impacted all users that held Ethereum tokens (wETH) on the Solana blockchain. Shortly after the attack, Wormhole updated its users on the situation. They also said that they...

Key Support levels: $2,550, $2,200 Key Resistance levels: $2,800, $3,000 Despite a worthy attempt by ETH to move higher, the sellers stood firm at the $2,800 resistance, which rejected the price and propelled it into a pullback. The buyers will have to defend the support at $2,500 to avoid further losses as the next key support is found at $2,200. So long the current support holds, this can be an expected pullback after a 30% rally. Chart by TradingViewTechnical Indicators...

Litecoin price again failed to clear $115 and corrected lower against the US Dollar. LTC price is now trading below $110 and the 55 simple moving average (4-hours). There is a major rising channel forming with support near $106 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $115 resistance zone. Litecoin price is struggling below $1115 against the US Dollar, similar to bitcoin. LTC price...

Blockchain software technology company ConsenSys has acquired Ethereum wallet interface provider, MyCrypto, to integrate it with its popular MetaMask wallet. ConsenSys Acquires MyCrypto Announcing the acquisition in an official blog post on Tuesday, the company noted that MetaMask and MyCrypto will combine their efforts to “improve the security of all the products and create a cohesive user experience across desktop, mobile, extension, and browser wallets.” Currently,...

There’s no denying that cryptocurrencies are taking over the global financial industry. Millions of people use them on a daily basis and the field has grown tremendously, especially in the past couple of years. A lot of blockchain API platforms have also appeared on the market as a way to cater to the needs of crypto users. One platform that’s attempting to make strides in this field is Chaingateway. What is Chaingateway? Chaingateway is a REST API that allows registered...

Experts at the Portland division of the Federal Bureau of Investigation (FBI) are telling people what they can do to avoid cryptocurrency scams, which have seemingly become much more prominent and aggressive over the past few years. The FBI Says Crypto Scams Are On the Rise It seems like crypto-based crime has become a serious issue given that the prices of many leading digital currencies such as bitcoin have surged in recent years. Just two months ago, the world’s...