Ethereum (ETH)

SBI FX Trade will become the first forex exchange firm in Japan to support CFD trading for cryptos, including BTC, ETH and XRP.The latest reports indicate that the Japanese financial giant SBI Holdings wants to launch contract-for-difference (CFD) trading for major cryptocurrencies. Starting on August 31, SBI will begin CFD trading services for crypto assets including Bitcoin (BTC), XRP, and Ethereum (ETH).Based on the official announcement, this new service will be offered via SBI’s foreign...

The leading decentralized exchange has recorded more volumes in August than it did in July.Uniswap saw more than $300 million in trading volume over the past 24 hours and $2.5 billion in the last seven days, according to data on Dune Analytics.Uniswap Spends The Most Gas FeeUniswap’s impressive volume is also putting smiles on Ethereum miners’ faces as they cash out more gas fees to process and verify transactions on the network.According to data on EthGasStation, transactions on Uniswap...

Centre Consortium members Circle and Coinbase have just launched an upgraded version of their popular USDC dollar-pegged stablecoin. Going live on August 27, USDC 2.0 aims to tackle high gas fees by allowing developers to delegate it to other wallets or take fees in USDC instead.Removing ETH From The PictureThe official announcement explained that most users need to keep a balance of Ether in their wallets to make transactions. It added that this resulted in unnecessary complexity:“This...

Ethereum had dropped 5% on the weekly. However, there is strong support built upon the $380 area. The last time ETH daily closed below $380 was 2.5 weeks ago.Overall in August, ETH is mainly trading in the range between $380 – $400 and must break this range to dictate the next direction for the market. Earlier today, ETH saw a pump and dump towards $400 around the Fed’s statement regarding the inflation.Key Support Levels: $382, $375, $364Key Resistance Levels: $400, $408, $438ETH/USD Daily...

Polkadot is growing in popularity, and this has been thoroughly reflected in its price. In a matter of days, the project managed to occupy the 6th spot of the top 10 largest cryptocurrencies, boasting a total market cap upwards of $1.05 billion.Now, a team of developers has announced that it’s building a trustless general-purpose bridge between Ethereum and Polkadot.Bridging Polkadot and EthereumSnowfork, an agency consisting of a collection of developers, product managers, and designers, has...

Litecoin price is currently trading in a bearish zone below the $64.00 and $60.00 levels against the US Dollar.LTC price is facing a major hurdle near $60.00 and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $60.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must break the $60.00 and $61.00 resistance levels to move into a positive zone.Litecoin price is currently following a bearish path against the US...

Police in Seoul has forayed the offices of one of the biggest crypto exchanges in South Korea, Coinbit. Allegedly the firm has faked more than 99% of its trading volume.Coinbit Banks Over $85MAccording to a recent news report, authorities stormed the offices of the company early today. The suspicion is that Coinbit has manipulated users, faking a large portion of its trading volume. This has allegedly earned the exchange $85 million in illegal income during the process.The Seoul Metropolitan...

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The cryptocurrency market continues to correct.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.On one hand, the Bitcoin chart is already showing some ideas in favor of further descending movement but it’s too early to talk about a proper decline as long as the instrument is trading above the support area at $10,500. Moreover, such cryptocurrencies as...

Following the rejection from the $12,500 resistance level on August 17th, Bitcoin has endured a downtrend that has seen it lose most of the gains incurred throughout the first half of the month.The increasing selling pressure behind it has taken many investors by surprise since some of the lower cap altcoins have entered full-blown bull rallies. While BTC continues flirting with the idea of a steeper correction, its price continues to bleed.Such market behavior was visible on August 25th as...