Ethereum (ETH)

The past week has been anything but positive for the cryptographic industry. Ethereum, the second-largest market capitalization cryptographic asset, also recorded an 8% dump, marking a downward period for the market. Incidentally, the market fell just after the People’s Bank of China revealed that the central bank would close all local encryption centers.Speaking of Ethereum, despite the drop, ETH’s fees have increased by 21.6% over the past week. As observed in the main markets, the increase...

Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.Regardless of the new loss of the bulls, the Bitcoin is testing an important support level and there is a reversal pattern forming on the smaller timeframes, which may signify the beginning of an uptrend.The daily chart of the Ethereum demonstrates uninterrupted falling to the aim at $100 – here,...

On Wednesday most cryptocurrencies were trading in red again including Bitcoin (BTC) that, in the last 24 hours couldn’t turn its trace. Bitcoin closed on Tuesday the day at the $7,198 price mark, at which point the world’s largest crypto coin found an intra-day high on Wednesday of $7,227, before moving down again towards its current trading price near $6,945 still falling by 3.51 at 11:53 am CET. Among the possible influencing factors we should mention the recent Upbit hacker attack.BTC is...

Earlier today, news of a possible hack on one of South Korea’s biggest cryptocurrency exchange platforms Upbit made the rounds. Reports had it that the exchange’s customers were confused because they noticed quite a few irregularities with their accounts including the inability to transfer funds. In a recent publication, Upbit has now confirmed that a large and unauthorized amount of funds was moved to an unknown wallet.It’s also worth mentioning that this news has negatively influenced the...

South Korea’s biggest cryptocurrency exchanges has revealed a sizable hack. 342,000 ETH (approximately $50 million in value) were stolen from the exchange. All lost funds will be covered, according to the head of the firm. Upbit, South Korea’s largest cryptocurrency exchange by market-share and trading, has been hacked. At the moment, all trading activities, deposits, and withdrawals are temporarily suspended. Hot Wallet Hacked On Nov. 27, Lee Seok-woo, the CEO of Dunamoo, the company that...

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...