Ethereum (ETH)

The hacker managed to steal $6.2 million worth of BUSD, the Binance native USD-pegged stablecoin converted to ETH via 1inch DEX and partially withdrawn from Binance Smart Chain onto Ethereum. This hack was comparatively benign: only $6.2 million was stolen from Belt Finance’s massive $2.6 billion total value locked (TVL). The beltBUSD vault uses four strategies. A bug in the Elipsis strategy was used to leak out funds via the Venus strategy. The vault sends new deposits to...

ETH/USD – Ether Trades In Short Term Symmetrical Triangle Key Support Levels: $2330, $2200, $2035. Key Resistance Levels: $2470, $2650, $2740. While Bitcoin rebounded to $40K and got rejected earlier this week, ETH topped reaching nearly $2900, where it hit resistance at a bearish .382 Fib. From there, the coin started to head lower over the past few days until finding support at around $2200 (.618 Fib) just a few hours ago. Looking at the following lower time frame chart,...

Der Beste Bitcoin-Service ever? So funktioniert Bitrefill! Ich hatte hier schon einige Artikel über den Bitcoin-Service Bitrefill geschrieben. Bitrefill ist für mich einer der genialsten Bitcoin-Dienste ever und die Funktionalität geht weit über ein herkömmliches Gutschein-Portal hinaus. Zudem ist Bitrefill nicht ‚just another Wallet-Service‘ oder irgendeine angehänge Debitkarte, welche viel verspricht aber dann doch nicht funktioniert....

Here is a story that is likely to get your positivity flowing. As we all know, bitcoin has been suffering heavily as of late. The world’s number one digital currency by market cap has fallen from its recent all-time high of approximately $64,000 – which it attained in mid-April – down to about $38,000 at press time. The price of bitcoin has fallen harder than it ever has in the past 12 years, but according to many analysts, the asset is still on its way to reaching a...

Bitcoin, and the entire cryptocurrency market, saw yet another choppy week where prices failed to recover substantially and continued to struggle. The past seven days didn’t exactly go according to the intentions of bulls as the price of BTC is down about 9%, currently trading around $37,000. It all started last Friday when the price dropped from above $40,000 down to about $35k. In a sequence of choppy actions, the price attempted to take back the important psychological and...

Polygon, the Ethereum layer-2 solution formerly known as Matic Network, announced today its blockchain datasets will be integrated on Google Cloud. Polygon Coming to Google Cloud The initiative aims to provide developers, data analysts, and crypto-enthusiasts with a better understanding of the Polygon blockchain. Google’s BigQuery would ensure that query and in-depth analysis of Polygon’s on-chain data are conducted in a simple and organized manner using the Google Cloud...

The rise of competition, lack of decentralization, and legal scrutiny can hamper the rise of Binance Smart Chain.Binance Smart Chain has seen a huge increase in popularity over the past year. In February 2021 it surpassed ethereum on the number of daily transactions.  This can largely be attributed to the higher transaction fees on Ethereum. Some claim that Ethereum’s move to Proof of Stake will fix this, but this has not happened yet. Many projects have made the move over to Binance smart...

As the debate for cryptocurrency’s energy use catches fire, Ethereum’s transition to the Proof-of-stake (PoS) consensus model is likely to reduce its carbon footprint to a great extent.On Thursday, May 27, Ethereum co-founder Vitalik Buterin spoke on the ongoing debate of carbon emission contributions through crypto mining. The debate has caught fire once again with Tesla recently pulling out of Bitcoin payments. The Bitcoin and Ethereum blockchain both use the Proof-of-Work (PoW) that...

It was another tough week in the cryptocurrency market where almost everything is trading in the red. Here’s how some of the major coins performed over the past seven days: Bitcoin Bitcoin is down by a total of 10.3% over the past seven days of trading as it currently sits around $36,000. The cryptocurrency had spiked as low as $31,185 (downside 1.618 Fib Extension) on Sunday, but the buyers managed to close the daily candle at $34,760 (downside 1.414 Fib Extension). From...

Less than a month after VanEck filed documents with the SEC to launch an Ethereum ETF, WisdomTree has done the same. The asset manager, based in New York, has previously applied for Bitcoin ETFs but to no avail so far. Founded in 2006, WisdomTree is an American exchange-traded fund and exchange-traded product sponsor and asset manager with over $42 billion in AUM (as of 2018). According to a recent filing with the US Securities and Exchange Commission, the organization plans...