Ethereum (ETH)

Many assets are stuck inside their respective Triangle patterns. Moreover, bulls haven’t been able to break the closest resistance levels and continue pushing cryptoassets upwards.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.The unwillingness of the cryptocurrency market to move upwards may indicate a strong bearish pressure but to confirm a further...

Balancer has launched distributions of the BAL governance token on the Ethereum mainnet. The token has more than tripled in value in just a few hours. Balancer and Compound are now DeFi’s most valuable protocols.Balancer Labs, the developer of an automatic portfolio management tool, confirmed rumors of beginning distribution of its BAL token. After the enduring craze that was happening last week regarding the debut of Compound’s COMP token, BAL gets to be the second governance token earned by...

Decentralized finance (DeFi) project Balancer Labs officially announced the launch of its native governance token BAL on the Ethereum mainnet, with the price of BAL tokens increasing significantly following the launch. Balancer Follows Compound’s LeadThe news of the BAL governance token launch was made by CEO and Co-founder of Balancer Labs, Fernando Martinelli, via a Medium blog post on Tuesday (June 23, 2020). According to the announcement, the team is employing an “on-chain governance...

Ethereum saw a 2.7% price hike today as it reached $245.The cryptocurrency rebounded from the rising trend line to push higher and keep the bull run alive.Against Bitcoin, Ethereum also bounced higher from 0.0245 BTC to reach the June resistance at 0.0253 BTC.Key Support & Resistance LevelsETH/USD:Support: $225, $215, $210.Resistance: $250, $265, $275.ETH/BTC:Support: 0.025 BTC, 0.0243 BTC, 0.0239 BTC.Resistance: 0.026 BTC, 0.0263 BTC, 0.0266 BTC.ETH/USD: Ethereum Rebounds From Rising...

Platform: BityardURL: https://www.bityard.com/Company: BItyard Blockchain LimitedCountry: SingaporeLicenses: Bityard is regulated and licensed under the Singapore’s ACRA, USA’s MSB from FinCEN, US Dept. of Treasury, Estonia’s MTR, and Australia’s AUSTRACTrading Instruments: BTC/USDT, ETH/USDT, LTC/USDT, XRP/USDT, BCH/USDT, ETC/USDT, EOS/USDT, TRX/USDT, DASH/USDT, LINK/USDTPayment Methods: BTC, ETH, XRP, EOS, TRX, HT, USDT (Omni, ERC20, TRC20), Visa, MasterCardMotto: “Complex Contract, Simple...

An average of $15 million worth of ETH has been locked into Ethereum’s DeFi protocols each day for the past week. That equates to more than four times the amount of Ethereum, which is produced every day as a result of mining.Ethereum’s DeFi Protocols See Huge InfluxAccording to data from DeFiPulse.com, over $500 million entered various DeFi protocols in the past seven days, averaging just over $78 million per day. Lock-ins of ETH specifically numbered 461,000 in that time, equating to an...

Ethereum price is gaining momentum above the $238 resistance zone against the US Dollar.ETH price is still facing a couple of key hurdles near the $248 and $252 levels.There was a break above a crucial contracting triangle with resistance near $230 on the 4-hours chart (data feed from Coinbase).The pair could correct lower in the short-term, but dips might be supported near $238 and $235.Ethereum price is trading in a positive zone above $235 against the US Dollar. ETH/USD must break the $248...

Well, here’s something you don’t see every day. Bitcoin outranked by another coin… You may not believe it, but in China, that appears to be the case.China Isn’t Too Crazy About BitcoinChina has put out a list of its top digital currencies. It’s strange considering how strong of a presence bitcoin holds in the country, but according to the Center for Information and Industry Development (CCID) of China, bitcoin is only the 12th best coin available to traders. This is in sharp contrast to many...

The perpetrators behind the alleged cryptocurrency Ponzi scheme PlusToken have transferred over 26 million EOS tokens from one of the wallets linked to the project to an unknown address.Historically, similar events have driven down the price of the moved asset, which brings the question if there will be any short-term consequences for EOS.PlusToken Withdraw 26M EOSThe Chinese project began a few years ago as a cryptocurrency wallet offering suspiciously high return rates to its users. To...

Recent data indicates that Ethereum miners prefer holding their mined coins and have increased their balance in the past few weeks. At the same time, the number of ETH addresses containing from 100,000 to 1,000,000 coins have jumped by nearly 5% in June alone.Ethereum Miners HODLBecause of the current proof-of-work consensus algorithm that Ethereum employs, the network relies on miners to use their time and processing power to solve cryptographically difficult puzzles. If successful, miners...