Ethereum (ETH)

Ethereum-based lending protocol Aave is migrating from its LEND tokens to AAVE tokens as a part of the Aavenomics proposal, allowing AAVE holders to control the Protocol.The exchange rate within the migration initiative is set at 100:1, i.e. for 100 LEND tokens a user gets 1 AAVE token. So far since the launch of the migration on October 2, 85.93% of the total LEND circulating where transferred to AAVE.Photo: AaveWhat is Aavenomics?Aavenomics is a decentralization initiative of the Aave...

Deepak Chopra’s name is synonymous with meditation, mindfulness, and healing through healthy living. And according to the latest update, the world-renowned author and thought-leader is considering buying bitcoin. Mr. Chopra is also about to launch ‘Love in Action,’ his own blockchain-based token. Deepak Chopra Officially Enters The Blockchain Space It is important to note that Mr.Chopra had already stoked the ire of Ethereum bigwigs more than 2 years ago for being announced...

Australia’s first capital raising platform to accept AUD and cryptocurrency, which operates an aquaculture farm in Malaysia, is accepting crypto assets in its first initial public offering (IPO).As the part of its capital raising effort before floating on the Sydney Stock Exchange (SSX), STAX – an Aussie crypto-friendly capital raising firm – has announced its client West Coast Aquaculture Group (WCA) would conduct Australia’s first IPO where the Tether digital currency would be accepted as...

Atypical performance isn’t something new for cryptocurrency assets. Flash crashes and massive positive wicks have taken place in the past. Just yesterday, ETH went through something similar. The price of the asset shot up by almost 50% only to crash immediately down to $197 and settle to where it’s currently trading on Binance. ETH Price Going Crazy on Binance Perpetual Contract In the span of a few hours yesterday, October 28th, the price of ETH on Binance’s perpetual...

Bitcoin went on a roller-coaster ride in the past 24 hours from a new yearly high of nearly $14,000 to dipping below $13,000. Most altcoins mimicked their leader, and the total market cap has dropped by $15 billion. Bitcoin’s Wild 24H Ride As CryptoPotato reported yesterday morning, everything seemed to be going in BTC’s way. The cryptocurrency was surging and peaked at another 2020 high. In fact, with a price of $13,865, it came inches away from breaking last year’s record...

Litecoin price traded to a new monthly high at $60.92 before correcting lower against the US Dollar.LTC price is currently trading above the $55.00 support level and the 55 simple moving average (4-hours).There was a break below a major ascending channel with support near $56.15 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher if it stays above the $55.00 support in the near term.Litecoin price is correcting gains from the $61.00 zone...

Now the United States can boast a new crypto bank: Welcome Avanti. Avanti Financial Group, a firm founded by the former managing director at Morgan Stanley, Caitlin Long, announced that it had been granted a license to offer banking services by the Wyoming State Banking Board. Avanti is The Second Crypto-bank Operating in the United States With this decision, Avanti becomes the second crypto company to receive a banking license after the crypto exchange Kraken was also...

ETH/USD – Bulls Defending .382 Fib Retracement Key Support Levels: $377, $370, $364.Key Resistance Levels: $400, $410, $416. Toward the end of last week, Ethereum surged higher from $370 as it climbed above the $400 level and managed to reach as high as $421 (1.414 Fib Extension). More specifically, it was unable to close a daily candle above the $416 resistance (bearish .618 Fib Retracement) throughout the weekend which caused it to drop beneath $400 on Monday. Yesterday,...

There’s never a boring day in the cryptocurrency field. Yesterday, the entire community was ecstatic as Bitcoin’s price made a run for the 2019 highs. Unfortunately, it came inches away from it and started to retrace. Today, the total cryptocurrency market capitalization is down about $15 billion since its most recent peak hours ago. Bitcoin Price Down $700 in Hours Crypto bulls would have to wait another day as the most recent surge has been halted. Bitcoin’s price lost...

Tomochain, the Singapore-based smart contract platform, has taken another stride towards its aim of hosting government and enterprise applications with its acquisition of Lition, a German company that provides public and private blockchain services. Launched on Ethereum in October 2020, Lition represents a bridge between public and private blockchain use-cases with its ability to delete privately hosted data in accordance with the EU’s General Data Protection Regulation...