Tag Archives: ethusd

Following yesterday’s announcement that Square has purchased $50 million worth of Bitcoin, the asset has reacted with a significant price jump to $10,900. Most altcoins have followed suit and the cryptocurrency market cap has increased by $12 billion.Bitcoin To $10,900 Due To Square?Bitcoin was in a bit of a pickle in the past few days trading around $10,600. Yesterday didn’t appear as a breakthrough day for the asset as it was slowly declining towards $10,540 (on Binance).However,...

CorionX, a platform designed to incentivize and promote the global adoption of stablecoins and decentralized finance platforms, has announced it will be partnering with Syscoin to help tackle two of the biggest barriers to entry to DeFi — awareness and cost.Breaking Down Barriers to EntryAs part of the partnership, CorionX will begin using Syscoin’s Bridge solution to help users experience the benefits of stablecoins and DeFi, without incurring exorbitant transaction fees while doing so....

ETH/USD – Short-Term Consolidation ContinuesKey Support Levels: $336, $324, $317.Key Resistance Levels: $342, $365, $378Ethereum has been trapped in a short-term symmetrical triangle pattern since mid-September. The coin failed to break above the upper boundary on Tuesday as it headed lower into the 100-days EMA. The support there has held over the past two days after ETH rebounded from the lower boundary of the triangle.The coin is now quickly approaching the apex of this consolidation –...

The DeFi markets have had a rough few days over the past week. The majority of the cryptocurrencies centered in the space are trading well in the red.At the same time, the total value locked (TVL) in DeFi protocols has been on the decline over the past two days as well.According to DeFi Pulse, the TVL is down to $10.15 billion, at the time of this writing. This means that it lost over $1 billion since the beginning of October as the value reached $11.23 billion on September 30th.Building on...

Bitcoin has failed to sustain its recent bullish run and has dropped to approximately $10,600. Most alternative coins have mimicked BTC’s move, resulting in a $10 billion loss from the total market cap.Bitcoin Fails At $10,800As reported yesterday, Bitcoin had reacted positively on news that US President Donald Trump left the hospital after a few days and returned to the White House. The primary cryptocurrency, copying gains on Wall Street, accelerated in price and peaked at $10,800.However,...

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...