Ethereum (ETH)

The largest Ethereum whales have taken advantage of the recent slump of ETH’s price and bought more. As a result, the top ten wallets now own over 20% of the asset’s total supply, says on-chain data. Top 10 ETH Accounts Own More Than 20% of Supply By examining the behavior of the top ten largest ETH addresses, the analytics resource Santiment outlined their selling and accumulation phases in the past few months. In fact, they had taken profits in mid-May as the asset’s price...

S&P Cryptocurrency BDM Ex-MegaCap Index a subset of the BDM that excludes the constituents of the S&P Cryptocurrency MegaCap Index (Bitcoin and Ethereum). Renowned index provider, S&P Dow Jones Indices (S&P DJI), has announced that it would now be launching crypto-related indices for its users, the indices would include S&P Cryptocurrency Broad Digital Market (BDM) Index that contains over 240 crypto tokens already.This is in line with the various expansions the firm has...

The Co-Chief Investment Officer at SkyBridge Capital believes that Bitcoin (BTC) and Ethereum (ETH) would be the leading assets in terms of a store of value. Furthermore, he opined that the primary cryptocurrency would become the main financial instrument for transaction use. Bitcoin and Ethereum as Store of Value Assets Despite the ongoing crypto market downturn, SkyBridge Capital’s CIO – Troy Gayeski – praised Bitcoin as an asset class and highlighted its benefits. In a...

ETH/USD – Ether Retests Critical $2k Support Key Support Levels: $2035 – $2000, $1888, $1710.Key Resistance Levels: $2120, $2200, $2340. Ethereum is starting to struggle again as it falls into critical support around $2000. It was performing well at the start of the month but failed to break resistance at $2340, provided by a bearish .236 Fib Retracement & the 50-day MA level. Last week, it dropped from the 50-day MA to land into the support at 20-day MA at $2120, where...

Ethereum price failed to recover above $2,200 and started a fresh decline against the US Dollar. ETH price is now trading well below $2,200 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $2,100 on the 4-hours chart (data feed from Coinbase). The pair is likely to accelerate lower if there is a close below the $2,000 support zone. Ethereum price is struggling to stay above $2,000 against the US Dollar....

Coinchange’s High Yield Account which is scheduled for launch on July 30 will enable users to lock their USDC and receive an annual percentage yield of up to 25%.Coinchange has announced zero-fee crypto trading coupled with a new High Yield Account which will provide all users with up to 25% annual return on their USDC balances. The press release from the digital asset platform revealed that both existing and new customers can already enjoy the benefits of 0% fees on all deposits to the...

Wellbots, a U.S.-based smart product online retailer, has announced that its customers can now make payments for goods at checkout using six cryptocurrencies.  Wellbots Now Accepts BTC  Announcing the development in a press release today, Wellbots said it will now accept Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and popular stablecoins Dai and USD Coin (USDC) for its smart products.  Before this time, the online store only accepts traditional payment...

The new development means that the fund is now required to file the 10-Qs and 10-Ks reports on a quarterly and annual basis, respectively.Digital assets manager Grayscale has announced that its Large Cap Fund is now an SEC reporting firm. The company had in May filed for the United States Securities and Exchange Commission’s approval of the fund. The Large Cap Fund includes six major cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Ethereum (ETH),...

[PRESS RELEASE – London, United Kingdom, 12th July 2021] Nexo, the leading regulated institution for digital assets, has completed a strategic investment in Yield Inc, a company leading efforts to build the Yield Protocol – an Ethereum protocol that enables fixed-rate borrowing and lending by fostering the nascent DeFi bond market – as part of the company’s $10-million Series A funding round. Nexo aims to not only provide necessary funding but also to help Yield’s efforts to...

After the Bitcoin and Ethereum Trusts, Grayscale’s Digital Large Cap Fund has also filed and been approved to become an SEC-reporting product. Additionally, the largest digital asset manager has filed three more Registration Statements with the Commission. Grayscale Investments, the large cryptocurrency asset manager, filed a Registration Statement on Form 10 with the Securities and Exchange Commission earlier this year. The company announced on July 12th that the application...