Tag Archives: ETHBTC

Etheruem saw a 6.3% price rise this week as it hits $375 today.The coin bounced 7% from yesterday’s low.Against Bitcoin, ETH reached as high as 0.0371 BTC during the weekend. It has since dropped to 0.0352 BTC.ETH/USD – Ethereum Bulls Attempting To Wake UpKey Support Levels: $364, $350, $336.Key Resistance Levels: $390, $400, $410.Last week, Etheruem managed to rebound from the support at $336 as it started to push higher. It managed to reach as high as $390 over the weekend before it fell...

Bitcoin and cryptocurrencies present numerous advantages over the traditional financial systems, including faster transactions, while paying only a fraction of the cost. The decentralized nature, meaning a lack of central authority behind them, has attracted lots of fans, investors, and users over the past decade.However, this same feature could also display some serious issues if one is not careful. Some of these problems could lead to the loss of funds, as the story of Yaniv reveals...

In yet another jolt to the decentralized finance (DeFi) community, margin, and leverage-based lending and trading platform, bZx became the target of another hack. In the hack, which was much bigger than the previous attacks, hackers made away with $8 million worth of cryptocurrencies.bZx Hackers Deal 8 Times More Damage To The DeFi Protocol This TimeDeFi lending protocol bZx was attacked again. This time hackers drained a little more over $8 million worth of cryptocurrencies leveraging a...

After the gains registered during the weekend, most cryptocurrencies are retracing today. Bitcoin declined from its weekly top of $10,560 to $10,350, while Ethereum lost 4.5% of its value to $370.Bitcoin Rejected At $10,560During the weekend, Bitcoin broke above the resistance at $10,500. BTC topped at $10,560 yesterday, but it couldn’t maintain its position above that level and quickly fell.As such, the primary cryptocurrency bottomed at $10,220 just a few hours later. It has recovered some...

The majority of voters in a recent poll have indicated that they had entered the cryptocurrency space more than three years ago. In contrast, 9.4% said that they had come around in the past three months during the DeFi boom.43% Crypto VeteransAlthough the cryptocurrency community emerged relatively recently with Bitcoin’s creation in 2009, it’s a continuously growing field that attracts new participants with its unique features. A recent poll aimed to shed some light on when the voters had...

 As the DeFi space continues to boom, developers have come up with yet another iteration of a Uniswap-like automated market maker. Zeroing down on the meme-based food token craze, the platform is called BurgerSwap. BUIDL it, and they come. I do not know who built this one, but it’s already live on #BSC.BurgerSwap https://t.co/hsFQCZ8bcq— CZ Binance (@cz_binance) September 12, 2020BurgerSwap, unlike SushiSwap or other alternatives, is based on the Binance Smart Chain. It’s an implementation of...

Bitcoin has taken another swing at the previous 2020 high of $10,500 and currently trades above it. Ethereum nears $400, while the top 10 tokens see a few rotations, including Polkadot and Binance Coin.DeFi tokens are booming again with Yearn.Finance marking a new all-time high of about $44,000.Bitcoin Progresses SteadilyThe primary cryptocurrency traded in a tight range between $10,280 and $10,360 yesterday. However, the bulls decided to act and increased Bitcoin’s price firstly to $10,480...

Although SushiSwap’s protocol is already active and attracted over a billion worth of liquidity, a Glassnode analyst said that its governance token SUSHI is still highly overvalued. By exploring the economics behind SUSHI’s value, he outlined a fair price of $0.31 per coin.SUSHI (Still) OvervaluedLaunched as a Uniswap fork less than a month ago, SushiSwap took the DeFi world by storm. What gasped massive attention was the introduction of a governance token called SUSHI. This lured investors...

Bitcoin continues to trade in the five-digit territory and even spiked towards $10,400. Binance Coin (BNB) is among the best performing tokens today, while most other larger-cap alts are marking minor gains.Bitcoin Struggles At $10,400After the unsuccessful attempt to overcome $10,500, Bitcoin dived yesterday and bottomed at about $10,200. However, the bulls interfered at that point and didn’t allow any further declines.In the following hours, BTC fluctuated in a tight range between $10,250...

Recent heavy congestion on the Ethereum blockchain appears to have had a beneficial knock-on effect for one cryptocurrency project in particular.Loopring (LRC) is a protocol for building non-custodial decentralized exchanges (DEXs) on Ethereum. It is also one of the few projects currently placed ahead of the curve thanks to its use of zk-rollup technology, which scales Ethereum transactions from ~15/sec, to ~3,000/sec.It’s interesting to note, therefore, that the value of Loopring increased...