Ethereum (ETH)

The world wants crypto and Grayscale knows it. After announcing a massive purchase of over $280 Million in Bitcoin last week, Grayscale is now also betting on Ethereum.According to a report issued by Grayscale to the SEC, the company revealed having purchased 11455 ETH for a total of $74,135,609. The decision follows a terrific year for Ethereum, with the rise of DeFi projects and the launch of Ethereum 2.0 as the leading reasons behind the price rally of its native token, ETH.Genesis...

This week had the entire cryptocurrency market painted in red as Bitcoin withdrew to a low of $17,650 before recovering to where it currently trades at. All of the altcoins followed suit, and as a result, they’ve charted substantial decreases over the course of the past seven days, as seen in the graph below.Bitcoin lost roughly 5.6% over the past 7 days now. Following the latest drops, the leading cryptocurrency is now floating around $18,000.However, its long-term bullish trajectory is...

The Ethereum ETF is the first of its kind to be listed on a major stock exchange. It is backed by 3iQ with Gemini Custody Services managing the ETF. The Toronto Stock Exchange (TSX) on Thursday got its first Ethereum-based ETF. The fund, which made its debut at $10.80 per share, raised $76.5 million in its IPO and holds almost 134,000 ETH. This listing is a step towards bringing digital asset trusts to a new crowd of investors and traders. Canadian digital assets manager 3iQ was given the...

Although bitcoin reclaimed the $18,000 mark at first, the asset failed to sustain its run and has dipped below it. Most alternative coins have suffered in the past 24 hours as well, as Ethereum has dived beneath $550.Bitcoin Falls Below $18KBitcoin has suffered in the past several days. Following the relatively calm weekend when it traded around $19,000, the asset nosedived to $17,650 a few days later.The cryptocurrency bounced off initially from that low and took back the $18,000 level. In...

Chainlink has just received another endorsement —this time on behalf of the largest cryptocurrency exchange in the ecosystem: BinanceBinance announced the successful integration between the decentralized oracle platform Chainlink and its smart contract blockchain, Binance Smart Chain.The integration is on a root level; that is, the Oracles would need no support for the Ethereum network since they would be running directly on the Binance Smart Chain. This constitutes a significant advance in...

The massive attention that cryptocurrencies and blockchain technology have received in past months called the attention of DBS Bank.Singapore’s largest bank, DBS Bank, announced the arrival of crypto trading next week, with the integration of DBS Digital Exchange as a subsidiary of the bank. According to a recent press release, the platform will work with blockchain technology – offering assets tokenization and cryptocurrency trading.The exchange services include the tokenization of assets...

The price of bitcoin has taken a nasty fall. At the time of writing, the currency has dropped by roughly $1,000 in the past 48 hours, bringing the price of the world’s number one cryptocurrency by market cap down to around $18,200. This is about five percent less than where it stood previously.Bitcoin Is Heading to the GutterIt appears the cryptocurrency space is being attacked from all sides as it’s not just bitcoin that has taken a nasty stumble. Additional currencies such as Ethereum,...

A few months following the soft-launch of the DBS Digital Exchange, the Singaporean multinational banking and financial services corporation announced the release of its digital asset trading venue. In addition, the investment holding company Singapore Exchange has announced it will take a 10% stake in the platform.DBS Digital Assets Officially AnnouncedCryptoPotato reported in late October that DBS Bank has successfully trialed its trading venue enabling institutional investors to access...

As the DeFi space continues to grow, ConsenSys has now announced a new offering from the leading wallet provider MetaMask. It will enable cryptocurrency funds, professional traders, and custodians with institutional-grade controls and applications for decentralized finance.The blockchain technology solutions provider ConsenSys has announced today a new offering oriented toward the growing space of decentralized finance (DeFi).In a press release shared with CryptoPotato, the company reiterated...

Litecoin price started a fresh decline below the $82.00 and $80.00 levels against the US Dollar.LTC price traded close to the $72.00 level and settled below the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $83.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to face hurdles near $78.40 and $80.00 in the near term and resume its decline.Litecoin price is currently trading in a bearish zone below...