Ethereum (ETH)

The South Korean cryptocurrency exchange, UPbit, is showing suspicious activity which some people are linking with a potential hack. Over $50 million have been withdrawn from the exchange to an anonymous account, and all transactions have been stopped. The exchange has since come up with an official statement, saying that it will cover all of it with corporate funds.UPbit Exchange Hacked?The cryptocurrency exchange UPbit has stopped all withdrawals and deposits for the moment. The company is...

According to recent statistics, only about 7% of the circulating ETH is currently being held in cryptocurrency exchanges. This represents a notable decrease throughout the past few years. Data also reveals how storage was redistributed among the various exchanges over the same period.Ethereum Exchange Storage DecreasesPopular cryptocurrency monitoring resource TokenAnalyst has presented exciting information from the last four years. Within this period, the whole cryptocurrency community...

SummaryEthereum witnessed disastrous two weeks of trading after dropping by a steep 22% and falling towards the $146 level.The cryptocurrency is trapped within a symmetrical triangle against Bitcoin.Ethereum looks to be shaping up for a rebound as the Stochastic RSI is primed for a bullish crossover on both USD and BTC charts.Key Support & Resistance LevelsETH/USDSupport: $130, $120, $105.Resistance: $160, $170, $180ETH/BTC:Support: 0.020BTC, 0.0195BTC, 0.0190BTC.Resistance: 0.021BTC,...

As part of a major Strategic Partnership Agreement online travel giant Booking.com has joined hands with crypto-friendly travel platform Travala.com. The official announcement came from Travala on Monday, November 25.Over the last two years, Travala has expanded its services by allowing its users to pay for their hotel bookings in cryptocurrency. Besides, the announcement says that Travala has already integrated Booking.com’s accommodation to its platform. With this major collaboration,...

The co-founder of Ethereum, Vitalik Buterin, recently responded to a few verbal attacks on social media. Some influential people within the cryptocurrency community expressed their opinions against Vitalik’s views, and he took the chance to respond.Vitalik Buterin Taken Under AimVitalik Buterin is a well-known figure within the community as the co-founder of the second-largest cryptocurrency by market cap Ethereum.However, a few influential cryptocurrency proponents disagree with his recent...

Ethereum price is currently correcting higher after diving towards $130 against the US Dollar.ETH price is trading near the $150 resistance and facing a strong hurdle near $155-$158.There is a key bearish trend line forming with resistance near $158 on the 4-hours chart (data feed from Coinbase).The price is likely to struggle if it attempts to climb above the $158 and $160 levels.Ethereum price is trimming recent losses against the US Dollar. Having said that, ETH price is still in a bearish...

Could India be on the verge of making a real name for itself in the crypto space?India: The New Big Crypto Haven?The country has often had a very mixed relationship with digital currency, being rather hostile towards the likes of Libra and even threatening jail time for crypto users, but a new crypto merger may be what is needed to ensure digital money’s future within the country’s borders.Crypto exchange Wazir X is now a part of arguably the world’s largest and most popular digital trading...

Vitalik Buterin, co-founder of Ethereum, divided the problems into three major categories. The first one is the cryptography related stuff that hasn’t been solved. Despite the industry’s rush to achieve new levels of privacy and scalability, the most important goals are still in progress. The second one is consensus theory, which makes it easy to change and upgrade mining (Proof of Work) and staking (Proof of Stake) algorithms. And finally, Vitalik explains how incentives are essential in...

Transaction volume is an important metric often considered to determine the growth and popularity of a blockchain ecosystem. This is a go-to metric that often determines user activity and interest for a particular blockchain system. Well, XRP is the show stealer at this moment as it has surpassed both Bitcoin and Ethereum in daily transaction volumes.Last Saturday, November 23, the XRP ledger daily transaction volume hit a massive figure of 4 million. This is the highest recorded volume for...

American investment banking company JPMorgan seems to believe in a blockchain every day more and more. They revealed that through the blockchain they want to keep track of the automobile register it finances for car dealers – and stop them from guaranteeing the same cars for different loans.The bank’s wholesale car financing subsidiary has therefore filed a patent application that outlines a distributed ledger-based version of floorplan lending, a revolving line of credit that enables car...