BitcoinBitcoin saw a 5% price rise this week as it reached the $11,750 level. The cryptocurrency started the week at the $11,400 level as it pushed higher into $12,095 on August 2nd. From there, Bitcoin experienced some major volatility as it dropped by $1,400 in just a few minutes to fall into the $10,575 (.5 Fib Retracement) level.Bitcoin rebounded from there and started to grind higher again over the week as it reached the $11,750 level today.Looking ahead, if the buyers push higher, the...
Read More »Bitcoin Is At Its Tallest Peak Since Last Summer
Bitcoin experienced a rough period earlier in the year, but at press time, the currency is trading for just under $11,700, and is at the highest point its been in roughly one year.Bitcoin Is At Its Strongest Point in 12 Months2019 was relatively shaky for the world’s leading cryptocurrency, trudging along during the first three months of that year before spiking into the $5,000 range by the time April came along. By mid-summer, the currency had shot up to well over $13,000, but eventually...
Read More »Grayscale Files an SEC Form 10 For Its Ethereum (ETH) Trust
The large cryptocurrency asset manager Grayscale Investments has filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for its Grayscale Ethereum Trust. Should the application be successful, the ETH Trust will be the second company product designated as a digital asset investment vehicle reporting to the SEC after the Grayscale Bitcoin Trust. Grayscale ETH Trust Files For Form 10 With The SEC Also known as the General Form for...
Read More »Bitcoin Rise Is Based on Fundamentals while Ethereum Rise Is Speculative, Says Bloomberg
The “August Crypto Outlook” by Bloomberg revealed that the Bitcoin rally is more trustworthy than that of Ethereum, which is said to be “more speculative”.Bloomberg recently released its August crypto outlook report, which reveals that the Bitcoin (BTC) rally is based on fundamentals, unlike Ethereum (ETH). According to the report, the Ethereum rally is ‘speculative’ while solid foundations back the rise in Bitcoin.Bloomberg releases a monthly publication called ‘Bloomberg Crypto Outlook.’ In...
Read More »Ethereum Classic Suffers Another 51% Attack, Buterin Suggests Switch to PoS
Ethereum Classic has been in the wars again with a second 51% attack within a week. This incursion has brought the security of the network under the spotlight again, though ETC prices remain largely unmoved at the time of writing.Earlier today, August 6, Etherchain.org tweeted that its Ethermine affiliated mining pool had disabled ETC pool payouts after more than 4,000 blocks had been reorganized.Today another large 51% attack occurred on the #ETC which caused a reorganization of over 4000...
Read More »#941 Ethereum 2.0 Testnet, BaFin schließt Bitcoin-Automaten & Indien Krypto Verbot
Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 941. Heute sprechen wir über folgende Themen: Ethereum 2.0 Testnet wächst rapide, BaFin schließt Bitcoin-Automaten in ganz Deutschland & Indien will Bitcoin wieder verbieten. 1.) Ethereum 2.0 Testnet wächst rapide – der Ether-Kurs (ETH) auchhttps://www.btc-echo.de/ethereum-2-0-testnet-waechst-rapide-der-ether-kurs-eth-auch/ 2.) BaFin schließt Bitcoin-Automaten in ganz...
Read More »Ethereum Eyes $400 and a New 2020 High: ETH Price Analysis
Ethereum saw a 23.4% price surge over the past week as it closes in on the $400 level.This has allowed ETH to create a fresh 2-year high, not seen since August 2018.Against Bitcoin, Ethereum is of testing the 0.035 BTC resistance.ETH/USD – Bullish Close Above $400 ImminentKey Support Levels: $370, $350, $321.Key Resistance Levels: $400, $408, $425.Ethereum has performed remarkably well since breaking $250 and exiting the previous consolidation in July. After breaking above, the coin went on...
Read More »Crypto Price Analysis August 5: BTC, ETH, LTC, XRP, BCH
A long-expected growth of volatility finally came and a lot of cryptoassets left their respective sideways channels.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.Right now, they are steadily growing and demonstrating excellent dynamics. On shorter times frames, many assets are forming different patterns in favor of further bullish tendencies. For bulls,...
Read More »SOS-Kinderdorf: Erste grosse Schweizer NPO akzeptiert Kryptospenden
Bitcoin, Ripple oder Ethereum spenden: Mit Kryptowährungen kann man bei SOS-Kinderdorf ab sofort in die Zukunft von Kindern in Not investieren. Corona-bedingt sind Bitcoin und Co. gerade wieder im Aufwind. Als erstes grosses Hilfswerk der Schweiz bietet SOS-Kinderdorf die Möglichkeit Kryptowährungen zu spenden. Die wirtschaftlichen Unsicherheiten aufgrund der Corona-Pandemie verhelfen den Kryptowährungen derzeit wieder zu einem...
Read More »DeFi Protection Platform Opyn Loses $370k in ‘Double Exercise’ Attack
A few hours ago, the Opyn DeFi platform discovered a vulnerability in one of its ETH Put contracts, which enabled an attacker to make off with $371,000 worth of crypto assets.The Ethereum based decentralized insurance platform allows users to protect themselves from risks they may face in decentralized finance markets. It operates with an options protocol that allows DeFi users to create put and call options.In simple terms, a put option is a contract that gives an investor the right, but not...
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