Tag Archives: ethusd

2020 has been a good year for Ethereum: its price increased month after month, and its technological security is at a new peak now that its total hash rate is at ATH levels.The Ethereum hash rate is above 250 Terahashes per second for the first time in its history. This new record comes after an almost uninterrupted growth of 80% since January of 2020.A Steady Race to the MoonAccording to Glassnode, the recent influx of new miners seems to be caused by the rapid growth of the DeFi industry...

Yield chasers in search of the next “DeFi gem” are falling victim to elaborate scams with rogue actors on the prowl, using cleverly devised malicious contract codes to steal funds.From “rug pulls” to outright absconding with presale funds, the activities of DeFi scammers are threatening to overshadow the novel developments in the emerging crypto market niche.DeFi Farming Hopeful Loses 36,000 UNI TokensTweeting on Oct. 5, Alex Manuskin, a researcher at crypto keyless wallet maker ZenGo,...

Support for Ethereum 2.0 is growing rapidly. In a significant milestone, Eth2’s Medalla test net has expanded to more than 75GB in size. Along with this, the number of staked test ETH on the test net has crossed well above 2 million.Ethereum 2.0 Testnet Size Tops 75 GBAs per the latest reports, two months after the launch of Medalla, every node in the Eth2 test net is already holding more than 75 GB worth of data. It’s predecessor, the parent Ethereum blockchain, has a size of more than 452...

Grammy award-winning music creator André Anjos is the latest artist to tap into the cryptocurrency space. Better known by his stage name RAC, Anjos has launched a new Ethereum based community token for artists.The token is also named RAC. With it, the music producer intends to free artists and content creators from the clutches of large-scale corporations that stifle their financial freedom.RAC Gives Back To The Community With Ethereum Based $RACIn the RAC token issuing platform Zora’s latest...

Ethereum fees are recovering from the devastation caused by the DeFi. After reaching record highs during September 2020, the network seems to have achieved a calm moment during October’s first days.Currently, the average transaction fee is slightly above $2, according to Bitinfocharts. This milestone represents a drop of more than 80% from the peak reached on September 2, 2020.Average Ethereum Transaction Fee. Source: BitinfochartsAfter spiking to record levels, the network returned to...

Bitcoin has stayed in a relatively tight range between $10,500 and $10,600.Most large-cap altcoins performed similarly, except for Binance Coin. After a 9% increase for the week, BNB now occupies the 5th spot in terms of total market cap.Bitcoin Remains In A Tight RangeFollowing the recent price declines from Friday and early Saturday, Bitcoin calmed down. Since yesterday, BTC dipped to a low of around $10,500 and jumped towards the intraday high of $10,600.In the past 24 hours, BTC has...

Following the recent price decreases after the BitMEX and Donald Trump COVID19 news, Bitcoin has calmed and trades above $10,500. The situation with the altcoins is somewhat different as most continue struggling.Bitcoin Stays Calm After The DropsAs reported yesterday, Bitcoin tumbled from $10,900 to about $10,450 in a matter of hours. The drop came after news broke that the US CFTC charged the owners of the large cryptocurrency derivatives exchange BitMEX for illegally operating the platform...

BitcoinOver the past seven days, Bitcoin dropped by a total of 2% as it currently trades around the $10,500 level. The week was pretty interesting after it rebounded from a 6-month-old rising trend line last week. After bouncing, it continued higher to reach as high as $10,900 at the start of October.Unfortunately, Bitcoin failed to break resistance at a falling trend line, and it rolled over yesterday to drop back into the support at a long-term rising trend line. These two trend lines...

It pays to be a miner and process cryptocurrency transactions on a proof-of-work blockchain. The Ethereum miners know this especially well as they made a record $166 million last month from transaction fees. Bitcoin miners, however, could barely manage to scoop up $26 million.Ethereum Miners Made 6X More Money Than Bitcoin Miners in SeptData from on-chain insights provider Glassnode shows that miners operating on the second most popular blockchain platform made a hefty $166 million from...

Following a positive Covid-19 test result from one of Donald Trump’s closest aides, the POTUS himself took the test which produced the same result for him and the First Lady. He tweeted the news a couple of hours ago.Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!— Donald J. Trump (@realDonaldTrump) October 2, 2020Global stock markets have already reacted in a heavy slide, and crypto markets...