Ethereum (ETH)

The popular NFT auction marketplace, OpenSea, has surpassed the $3.5 billion mark in monthly Ethereum trading volume. OpenSea Hits New High According to the latest chart by Dune Analytics on January 17, OpenSea has already clocked in $3.52 billion in terms of monthly Ethereum trading volume, even with two more weeks to go until the conclusion of this month. The platform’s daily trading volume has oscillated between $169-$261 million throughout January. With the latest...

The number of Ethereum addresses holding ETH is at an all-time high. Meanwhile, transaction count on the network remains near record highs, showing that user activity continues to grow. According to on-chain data, Ethereum addresses holding a balance now total over 68.26 million. This number seldom declined despite a rocky price history last year, maintaining steady growth besides the June to August period. Transactions are also trending upward, with the number of daily ETH...

Solana has caught the attention of Bank of America. In a recent statement, the financial giant stated that it feels Solana has what it takes to become the “Visa” of the cryptocurrency space. There’s a Lot of Hype Surrounding Solana The words came from the bank’s digital asset strategist Alkesh Shah, who clearly has high hopes for the altcoin. One of the main reasons for this thought is that Solana is one of several digital assets this week to experience great recovery....

Key Support levels: $3,000, $2,750 Key Resistance levels: $3,600, $4,000 ETH has been in a flat trend around the $3,300 level for some time now, unable to rally or go much lower. A strange equilibrium between market forces has kept the cryptocurrency at this level for the past week. The support at $3,000 has not been retested, nor was the resistance at $3,600 put under any pressure. The result is a sideways price action that shows indecision. Chart by TradingViewTechnical...

Several celebrities – including Kim Kardashian, Floyd Mayweather Jr., and Paul Pierce – are facing a heavy class-action lawsuit for allegedly promoting a pump and dump crypto scam known as Ethereum Max. Mayweather and Other Celebs Face Class-Action Suit Over Ethereum Max Court documents were filed against the three last Friday in a U.S. District Court for the Central District of California. In addition to the three celebrity spokespeople, the co-founders of Ethereum Max...

A recent report by blockchain forensics company Chainalysis stated that cybercriminals in North Korea stole bitcoin and Ether, worth almost $400 million but still have millions worth of stolen cryptocurrency funds unlaundered. Almost $400 Million Theft Recorded in 2021 The Chainalysis report published January 13, 2022, stated that the funds were stolen following attacks on a minimum of seven crypto exchanges. Also, the company believes most of the attacks were possibly...

In the quest not to fall behind in its drive to develop a central bank-backed digital currency (CBDC), policymakers in Israel reportedly tested stakeholders’ views to determine the risks and limits of a national digital currency. Yoav Soffer, the head of the Bank of Israel’s digital project, announced the trial, as reported by Bloomberg. He noted that knowing the opinion of stakeholders is an ongoing process, even though the digital shekel is still in its developmental stage...

Twitter users everywhere are seemingly confused by a new tweet issued by Oscar-winning actress Reese Witherspoon. Reese Witherspoon Tweets About Crypto, People Push Back Users took issue with the randomness of the message, which reads as follows: In the (near) future, every person will have a parallel digital identity. Avatars, crypto wallets, digital goods will be the norm. Are you planning for this? At press time, the reasons behind the tweet are unclear, and many are...

BBTV Holdings Inc. – a leading monetization company – has launched a new program known as Pay to Crypto that will allow creators to be paid directly in digital assets. BBTV Holdings Will Pay Content Creators in Digital Money Among the cryptocurrencies that creators can be paid in are bitcoin, Ethereum, and USD stable coin. This is the first offering of its kind, and it is being provided to creators at a competitive rate. Chairperson and CEO of BBTV Shahrzad Rafati...

ETH has been hovering around $3,300 for a few days, unable to move beyond this key level. However, there are several bullish signals that can break this impasse. Key Support levels: $3,000, $2,750 Key Resistance levels: $3,600, $4,000 ETH is consolidating and so far was unable to move higher towards the key resistance at $3,600. The weekend is unlikely to help the cryptocurrency as volume is usually low. ETH has good support at $3,000, and there are several signals that we...