Ethereum (ETH)

PayPal – the world’s biggest digital payment platform – has announced the release of a new USD-pegged stable asset it’ll use to enter the digital currency market. PayPal is Delving Deeper into Crypto PayPal has had a strong background in crypto. A former executive with the firm – David Marcus – lent plenty of energy and time to aid Facebook’s failed Libra project, which would have seen a new stable currency payment outlet formed on the social media giant. Also,...

Litecoin started a downside correction from the $68.25 zone against the US Dollar. LTC price is now trading above $62 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $64.85 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $65.80 resistance. Litecoin price is correcting gains from $68.25 against the US Dollar, similar to Bitcoin....

On Sept. 19, Eclipse announced a new L2 architecture, which will leverage the Solana Virtual Machine while operating on Ethereum, hence bringing the advantage of the former’s speed and scale in transaction settlement. The newly promoted L2 architecture aims to redefine the scaling world by touching on areas like Ethereum settlement, execution using SVM, availing data with Celestia, and proving using RISC Zero. Bringing SVM Experience to EVM As per the press statement,...

Despite Ether’s significant price rally since the beginning of the year, there has been an evident downtrend in terms of investors holding over 1,000 ETH.  Based on a Glassnode analysis, the total number of Ethereum addresses owning 1,000 or more ETH has dropped to a 5-year-low of 6,082.  In comparison, there were over 8,000 such wallets in 2019 when the US dollar valuation of the second-biggest cryptocurrency by market capitalization was hovering between $100 and $300. 📉...

The price of Bitcoin is still above $27k as investors and stakeholders await monetary policy announcements from regulators worldwide. The price of Bitcoin stayed above $27,000 on Wednesday as most of the largest cryptocurrencies remained barely changed for the most part. The crypto market is likely reacting to investors holding out for official monetary policy announcements from central banks around the world. Earlier, BTC was unable to scale its 50-day moving average as it met with stiff...

Grayscale’s decision to file for an Ether futures ETF comes on the heels of a significant legal victory against the US Securities and Exchange Commission (SEC). Renowned crypto asset manager Grayscale Investments recently filed for a new Exchange-Traded Fund (ETF) that will track Ethereum (ETH) futures, as reported by the Wall Street Journal. Grayscale’s Unique Approach In its previous attempt to launch a crypto ETF, Grayscale filed under the Investment Company Act of 1940. This filing,...

Cosmos-based layer-1 blockchain – Canto – is migrating to a zero-knowledge layer 2 on Ethereum powered by Polygon Chain Development Kit (CDK). The move aligns with Canto’s plans to build a blockchain dedicated to real-world assets. The development comes amidst a significant shift in the Ethereum layer-2 space. Migration to Ethereum ZK-powered L2 Canto is a layer-1 blockchain initially focused on decentralized finance (DeFi) and is now migrating to a zero-knowledge Layer 2...

Ethereum price is moving higher above the $1,600 resistance against the US Dollar. ETH price is now trading above $1,600 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,625 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,600 support zone. Ethereum price is rising above the $1,600 level against the US Dollar. ETH/USD could rise further if it clears the...

Ripple’s XRP has mostly been touted as a means for cross-border payments part of the XRP Ledger. But it appears that people have found some interesting, unexpected, and, quite frankly, rather cool uses of the cryptocurrency. It’s worth noting, though, that other coins, such as BTC and ETH, would probably do a similarly good job for the use case in question. It was brought up as a response to a Twitter threat by the popular lawyer John Deaton. He represents tens of thousands...

In a surprising turn of events, Ethereum developers faced an unexpected setback as they attempted to launch their new test network, Holesky, on Friday. This hiccup affected what was supposed to be a celebratory technological milestone, marking the first anniversary of the groundbreaking “Merge” upgrade of Ethereum. Holesky Testnet Faces Genesis File Mishap On Sept. 15, Ethereum developers faced an unexpected hurdle as they attempted to initiate the Holesky test network. While...