Ethereum (ETH)

Despite the short-term adverse price developments for Ethereum, ETH whales have continued to accumulate. Data from Santiment revealed that the top non-exchange whale addresses had increased their holdings by over 80% in August alone.ETH Whales Increased Their HoldingsSimilarly to the ICO boom in 2017, Ethereum’s popularity surged in 2020 as its blockchain serves as the underlying technology behind the hottest trend this year – DeFi.ETH reacted with a massive YTD increase. Ether is up by 170%...

An Ethereum Improvement Proposal (EIP) which seeks to radically restructure the Ethereum fee pricing mechanism is gaining traction among developers. Known as EIP-1599, the proposal floats the idea of increasing Ethereum’s gas limit, while setting an elastic base transaction fee which is burned automatically.This is expected to return ETH transaction fees to usable levels, after heavy congestion saw unwanted all-time highs recorded all throughout 2020.What Will EIP-1559 Change?Currently,...

Yield farming is a popular topic in the DeFi space for some time now. We know you may have many questions regarding yield farming – What is it? Why is it generating so much buzz?Let’s start with a simple statistic. In 2020, the DeFi space is so far growing at a rate of 150% in terms of total value locked (TVL) in dollars. In comparison, the crypto market capitalization has so far grown at a rate of only 37%.Many experts give credit to yield farming for the astounding growth of the DeFi space...

Laut dem chinesischen Krypto-Beobachter Dovey Wan gibt es ein neues Ponzi-Schema namens Foresage, das auf Ethereum aufbaut Laut dem chinesischen Krypto-Beobachter Dovey Wan gibt es ein neues Ponzi-Schema namens Foresage, das auf Ethereum aufbaut. Langfristig könnte dies dem Preis von Ethereum schaden. Wenn das Vertrauen in dieses System zerbricht, könnten Investoren ihre Ether...

According to a recent publication, Chinese investors are using a lot of the ETH they buy on centralized exchanges to pursue DeFi opportunities.This essentially reduces liquidity, and exchanges are forced to limit or even suspend withdrawals.DeFi Growth In China Causes Issues For ExchangesThe DeFi craze exploded earlier this year. Projects began surfacing daily with new developments, promising high returns to lure investors into locking their cryptocurrency assets in their protocols.The total...

Ethereum dropped by a very sharp 30% this week as it plummets into the $335 level.The bulls are currently attempting to defend the 100-day EMA, but it looks likely to break with the increased bearish pressure.Against Bitcoin, ETH remains supported at the 0.0329 BTC level provided by a .5 Fib Retracement.ETH/USD: Ethereum Forms Short Term Symmetrical Triangle PatternKey Support Levels: $325, $300, $280.Key Resistance Levels: $355, $364, $380.Ethereum has been battling the $355 resistance level...

The total USD value locked in DeFi may have taken a hit after topping at $9.5 billion. But that hasn’t stopped the proliferation of tokenized Bitcoin tokens on the Ethereum blockchain.Data shows that the ‘BTC on Ethereum’ number has now gone up to a little over 72,000. That implies that around $750 million worth of Bitcoin is doing rounds on Ethereum.‘BTC on Ethereum’ Number Going up ExponentiallyAccording to data published by Elias Simos on the on-chain analytics platform, Dune Analytics,...

A few days after receiving control over the popular SushiSwap protocol, FTX CEO Sam Bankman-Fried revealed his personal ideas regarding its future. Those included gradually reducing the total supply after efficiently executing the multi-sig wallet transition.The Backstory: Transferring Control Over SushiSwapThe drama started the past weekend when SushiSwap’s lead developer, going by the Twitter handle Chef Nomi, cashed out his SUSHI tokens and exchanged them for millions worth of ETH. The...

Stablecoins, which make up a huge chunk of those steep fees, could all switch to Layer 2 for some relief, according to one industry expert.Yearn Finance founder, Andre Cronje, has suggested that USDC and USDT will soon be available on Layer 2 as stablecoins make the transition away from Ethereum.USDC and USDT will soon both be available on L2.This will allows non-congested transfers of USDC and USDT.This is great if you do payments in USDC and USDT.From my experience USDT and USDC are trade...

Ethereum price declined sharply below $400 and found support near $310 against the US Dollar.ETH price is likely forming a support base above $310 and it might start a decent recovery.There is a key bearish trend line forming with resistance near $355 on the 4-hours chart (data feed from Coinbase).The pair could recover towards the 55 simple moving average (4-hours) if it clears the $360 resistance.Ethereum price is showing a few positive signs above $340 against the US Dollar. It seems like...