Ethereum (ETH)

Litecoin price extended its decline below the $130 support zone against the US Dollar. LTC price is now trading below $132 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $133 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh decline as long as it is below the $132 and $135 levels in the near term. Litecoin price is struggling to recover above $132 against the...

The global payments giant Visa has approved the issuance of a physical debit card that will allow Australians to spend their bitcoins at local stores and leisure venues. The inovation will enable customers to make direct purchases with crypto instead of converting digital assets to fiat money. First BTC Spending Card in Australia According to the Australian Financial Review report, Aussies will soon be able to spend cryptocurrencies via a new debit card created by the local...

By integrating the two technologies, it is expected that a platform for DeFi applications – which will compete with the usual web user’s experience – would have been created.Two years after launching the Unipig Proof of Concept, Uniswap has announced it is close to launching the Uniswap v3 on Optimistic Ethereum (OΞ).By integrating the two technologies, it is expected that a platform for DeFi applications – which will compete with the usual web user’s experience – would have been created....

Top blockchain data indexer and DeFi querying protocol Unmarshal announces the launch of its much-awaited Smart Notification APIs, an infrastructure that completely revolutionises smart contract communication with dapps.Unmarshal is a multi-chain data indexing protocol that facilitates seamless access to on-chain data for DeFi applications data in several formats such as rich APIs, historical data, data streams, and now push notifications support for smart contracts. With its Smart...

In another interesting development in Brazil, an asset management firm based in the country, Hashdex, is planning to launch a Bitcoin ETF whose goal is to combat the environmental concerns that come with Bitcoin mining.Brazil does not appear to be dropping the ball when it comes to groundbreaking decisions in the crypto space. The Latin American country’s Securities Commission (CVM) has approved the first Ethereum Exchange Traded Funds (ETF) in the region. This news about Ethereum comes...

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....