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Tag Archives: Ethereum

How Ethereum Mining Rigs Can Help Battle the Coronavirus

Several cryptocurrency mining projects – particularly those devoted to extracting new Ethereum tokens – have been pulled away from their mining duties and been made to turn their attention towards coronavirus research.Ethereum Mining Rigs Are Helping to Battle the CoronavirusThe coronavirus was recently declared a global pandemic by the World Health Organization (WHO). As many as 245,000 people have been infected with the virus at the time of writing, while more than 11,000 deaths across the...

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Ethereum Price Analysis: ETH Remains A Sell Below $150

Ethereum price extended its decline below the $150 and $120 support levels against the US Dollar.ETH price traded as low as $89 and it is currently correcting higher.There is a key declining channel forming with resistance near $125 on the 4-hours chart (data feed from Coinbase).The price could correct higher, but it is likely to face a lot of hurdles near $145 and $150.Ethereum price is back in a strong downtrend below $150 against the US Dollar. ETH/USD remains at a risk of more losses...

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Coin Lock Opens for Business in Cayman Islands

A new cryptocurrency payment platform has opened its doors for business in the Cayman Islands. Known as Coin Lock, the company describes itself as the world’s “first cryptocurrency trading and payments platform designed to increase every coin.”Coin Lock Is Looking to Make Big ChangesRikky Hasan – the CEO of the business – explained in a statement:Through exhaustive market analysis, Coin Lock identified and alleviates three primary pain points for cryptocurrency consumers: lack of utility,...

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Dapper Labs to Bid Adieu to Ethereum

Crypto Kitties is one of the biggest applications to be built atop the Ethereum network, but its creators are now looking to say goodbye to the world’s second largest cryptocurrency by market cap.Crypto Kitties Is Making a Home ElsewhereThe Ethereum blockchain has come under high scrutiny as of late. Once the most popular blockchain network for new tokens and applications, the platform has been hit hard by the amount of traffic it’s attracted since its birth in 2015. This traffic has resulted...

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Ethereum Issues Fat Brands Securities Via Blockchain

Last year, Live Bitcoin News reported that Fat Brands – a restaurant corporation that owns the popular burger chain Fatburger – was tokenizing a new bond offering with the help of the Ethereum blockchain.Fat Brands and Ethereum Make Digital Magic HappenNow, that offering is available in the form of $40 million worth of ETH-based securities. DBRS Morningstar, a company that rates investments, is passing its judgement on the new offering. The sentiment is positive as according to the company’s...

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Ethereum Price Analysis: ETH Turned Sell on Rallies Near $220

Ethereum price declined heavily below the key $220 support area against the US Dollar.ETH price tested the $190 area and it is currently consolidating losses below $205.There is a short term contracting triangle forming with resistance near $204 on the 4-hours chart (data feed from Coinbase).The price is likely to facing a lot of hurdles on the upside near the $211 and $220 levels in the near term.Ethereum price is now trading in a bearish zone against the US Dollar. ETH/USD could correct...

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Ethereum Price Analysis: ETH Signaling The Start Of Fresh Increase

Ethereum price declined heavily below $244 and recently found support near $210 against the US Dollar.ETH price is currently recovering and it is trading above the $225 resistance area.There was a break above a key bearish trend line with resistance near $225 on the 4-hours chart (data feed from Coinbase).The price is likely to continue higher towards the $244 and $250 resistance levels in the near term.Ethereum price is showing signs of a decent recovery above $225 against the US Dollar....

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Ethereum Price Analysis: ETH Showing Signs of Fresh Decrease

Ethereum price struggled to clear the $280 resistance and declined recently against the US Dollar.ETH price is declining and it is now trading below the $270 support area.There was a break below a major contracting triangle with support near $265 on the 4-hours chart (data feed from Coinbase).The price is likely to continue lower towards the $243 support level in the near term.Ethereum price is showing a few bearish signs below the $270 support against the US Dollar. ETH/USD could slide in...

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Ethereum Price Analysis: ETH Bulls Eyeing Crucial Break Above $300

Ethereum price corrected lower below $260 and $250 against the US Dollar.ETH price found support near the $236 level and it recently bounced back above $265.There is a major bullish trend line forming with support near $248 on the 4-hours chart (data feed from Coinbase).The price is likely to continue higher if it clears the $274 resistance area.Ethereum price is showing many bullish signs above $250 against the US Dollar. ETH/USD might aim a key upside break above the $300 resistance in the...

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Ethereum Price Analysis: ETH Correcting Lower, But Uptrend Intact

Ethereum price traded to a new 2020 high at $231 and recently corrected lower against the US Dollar.ETH price is currently trading below the $225 and $224 support levels.There is a key bullish trend line forming with support near $206 on the 4-hours chart (data feed from Coinbase).The price is likely to bounce back after it completes the current correction near $213 or $206.Ethereum price is trading nicely in an uptrend above $200 against the US Dollar. ETH/USD is currently correcting lower,...

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