Ethereum (ETH)

[PRESS RELEASE – Please Read Disclaimer] Polkaido Exchange will have its native token – Kaido Coin (KAD) launched through an Initial Dex Offering (IDO) in June. As it stands right now, KAD tokens are developed through the ERC-20 token standard based on Ethereum’s network. It is, however, expected that on December 22nd, 2022, KAIDO will definitively complete the Kaido Chain mainnet and support the transition of KAD to its own network. KAD is the official token that’s behind...

Ethereum price started a decent recovery wave from the $1,700 zone against the US Dollar. ETH price is now trading well above $2,000 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $1,850 on the 4-hours chart (data feed from Coinbase). The pair is likely to correct further higher towards the $2,275 resistance zone in the near term. Ethereum price is recovering higher above $2,000 against the US Dollar....

Mad Money host Jim Cramer is still bullish on Bitcoin, but instead of buying more BTC he went for Ethereum this time, claiming it can be used to buy more things like NFTs (Non-Fungible Tokens). In an interview with CNBC’s Squawk Box, Cramer said a lot of money is coming to Bitcoin despite its current slump. However, he seems to have changed his mind again by buying more Ethereum instead.  “Bullish. Have to be. There’s too much money coming in,” says @JimCramer. “I went back...

Polygon, a full-stack scaling solution for Ethereum formerly, known as MATIC network, plans to launch an all-purpose scalable data availability layer dubbed Avail. Polygon to Launch a General Purpose Blockchain In a press release shared with CryptoPotato, Polygon noted that Avail will provide foolproof data available while preventing data encoding proofs using erasure coding and polynomial commitments to create a two-dimensional data availability scheme. Avail is a blockchain...

The Moon Rabbit protocol is built atop the Substrate and Rust framework, flaunting a similar property alongside Polkadot as well as maintaining compatibility with the Ethereum blockchain (EVM Compatibility).Of the numerous blockchain-backed projects being introduced and launched on a daily basis, the Moon Rabbit is unique in radically redefining the underlying purpose that can be achieved with digital currencies. The Moon Rabbit uses Substrate framework in a unique model – same as Polkadot...

Bitcoin and Ethereum are both regaining some lost weight as their current price points show considerable increase from recent lows.Bitcoin (BTC) is starting to recover from losses it recently incurred, where it seemed to pull down some of the market’s biggest coins. Jumping from a recent low, Bitcoin has climbed over 24% with Ethereum (ETH) also showing proof of its number 2 spot. While the price of Bitcoin has climbed 5.92% to $34,598 in the last 24 hours, Ethereum has jumped more than 12%...

The authorities of South Korea confiscated the cryptocurrency holdings of 12,000 people. The locals received charges of tax evasion, and 53 billion won or $47 million worth of BTC, ETH, and other digital assets were seized from them. The Largest Crypto Seizure for Back Taxes in Korean History Following a months-long investigation, the officials in the most populated South Korean province – Gyeonggi – targeted 12,000 wealthy residents under suspicion of tax avoidance. The...

The institutional liquid staking provider StakeHound alleged the cryptocurrency security company Fireblocks of failing to protect its wallets. According to the accusations, about $77 million worth of ether was irrevocably lost. The Disappearance of $70M Worth of ETH: Disaster and Damage The Israeli publication Calcalist reported that StakeHound filed a lawsuit against Fireblocks for losing more than $75 million worth of the second-largest digital asset – ether. According to...

After the Saturday bloodbath in which bitcoin dipped to just over $30,000, the cryptocurrency has bounced off and recovered more than $3,000 of value. Most altcoins have also reacted well, with ETH surging to nearly $1,900, and the market cap has reclaimed $100 billion in a day. Bitcoin Spikes Above $33K As it happened during the past several weekends, Saturday didn’t start well for the primary cryptocurrency. After the highly volatile week, BTC began to gradually lose value...

Another weekend starts with another adverse price movement for bitcoin as the asset dropped by several thousand dollars to below $31,000. The alternative coins are also deep in red, with ETH dumping below $1,800, and the total market cap has seen $160 billion gone in a day. Bitcoin Plummets Below $31,000 It’s almost becoming a tradition for BTC to head south when the weekend starts. The cryptocurrency was actually looking healthy yesterday after it had recovered from the...