Robert Farkas, the co-founder of Centra Tech, is one of the lead defendants on a massive case, including securities and wire scam, and a fraudulent ICO, raising more than $25 million, according to the FBI.Farkas Plead Guilty, Co-Defendants Set On Another TrialAccording to the office of the United States Attorney for the Southern District of New York, the co-founder of crypto start-up Centra Tech Robert Farkas pled guilty in court on charges of conspiring and committing securities and wire...
Read More »ETH Looks Indecisive Despite 4% Daily Gains, More Pain Ahead? Ethereum Price Analysis
Ethereum increased by 4% over the past 24 hours as it now trades at $233.The cryptocurrency spiked lower yesterday as it broke beneath a rising trend line, but the buyers quickly regrouped to push ETH above it before the close.Against Bitcoin, Ethereum fell into the support at 0.00243 BTC and rebounded from there.Key Support & Resistance LevelsETH/USD:Support: $225, $215, $205.Resistance: $250, $265, $274.ETH/BTC:Support: 0.025 BTC, 0.0243 BTC, 0.0235 BTC.Resistance: 0.0253 BTC, 0.026...
Read More »Bitcoin Cash (BCH) Is a Shitcoin, According to BitMEX CEO Arthur Hayes
Arthur Hayes, the CEO of one of the leading Bitcoin derivative exchanges, BitMEX, has once again slammed a cryptocurrency for being a “shitcoin.” This time it was Bitcoin Cash (BCH) that’s under his radar.BitMEX Listing BCH/USD Perpetual ContractIn an announcement from June 01st, 2020, BitMEX revealed that it’s going to launch a BCH/USD perpetual swap contract with up to 25x leverage. Today, the contract went live.“This is the fourth quanto contract to be launched on our platform and follows...
Read More »Japanese Investors Prefer Bitcoin and Ripple Over Ethereum, Survey Says
A recent survey compiled by the cryptocurrency exchange BitMax indicates that the Japanese are quite fond of Ripple (XRP). Having to choose which their favorite digital asset is, most participants placed XRP close to Bitcoin and well above Ethereum.Japan Adores Ripple (XRP)The popular Japanese exchange posted the survey on Twitter to check among its followers which are their most preferred cryptocurrencies.BitMax Cryptocurrency Survey. Source: BitMaxSomewhat expectedly, the largest...
Read More »The Miners That Received $2.6 Million Worth of ETH Transaction Fees Will Keep The Money
The mining pool, which processed a mysterious Ethereum transfer carrying a needlessly excessive $2.6 million transaction fee, has announced it will distribute the millions among its miners.Bitfly, which operates the Ethermine mining pool, announced the decision on Monday, stating that four days is long enough for someone to have come to claim it.Miners Will Keep $2.6 Million Ethereum FeeAs announced by BitFly via Twitter on June 15:As the sender of the transaction https://t.co/h21A2Th4fw has...
Read More »Bitcoin’s Average Confirmation Time Down 97% In One Month
The average time required to confirm a Bitcoin transaction has plunged significantly in the past month. Simultaneously, the average transaction fees continue to drop after reaching yearly-high following the 2020 halving.BTC Average Transaction Time PlungesData provided by Blockchain.com shows that the average time needed for a BTC transaction to be included in a mined block and added to the public ledger has experienced a massive decrease since mid-May.BTC Transactions Average Confirmation...
Read More »Ethereum Is Sold For Over $2000 On Grayscale’s Trust – 750% Premium On ETH Current Market Price
Buying shares of Grayscale’s Ethereum Trust would require investors to pay a premium upwards of 750% compared to ETH’s current market price.ETH Sold For More Than $2000 On GrayscaleGrayscale is a company that provides institutional investors with exposure to the price of cryptocurrencies such as Bitcoin and Ethereum through their trust products.The company’s Ethereum Trust is currently selling shares of ETH, where one share represents 0.09395466 ETH. In other words, for one to own a full ETH,...
Read More »Ethereum Price Analysis: ETH Sideways Action Might End Soon By Huge Price Move
Ethereum dropped by a total of around 1.5% today as it falls to the $235 level.The next level for ETH to break and start a bullish push lies at $250.Against Bitcoin, Ethereum still needs to break the strong resistance at 0.0253 BTC.Key Support & Resistance LevelsETH/USD:Support: $225, $215, $205.Resistance: $250, $265, $274.ETH/BTC:Support: 0.025 BTC, 0.0243 BTC, 0.0235 BTC.Resistance: 0.0253 BTC, 0.026 BTC, 0.0263 BTC.ETH/USD – Ethereum Losing Battle At $250.Ethereum remains below $250...
Read More »Don’t Call Me Ethereum’s Co-Founder Anymore, Says Cardano’s Charles Hoskinson
Charles Hoskinson, the co-founder of Input Output Hong Kong (IOHK), is getting increasingly upset for being associated with another project he co-founded – Ethereum.Hoskinson Doesn’t Like Being Called Co-Founder of EthereumIn a recent Twitter post, the co-founder of Input Output Hong Kong said that he doesn’t want people to refer to him as the co-founder of Ethereum.“Could you guys just once refer to me as the CEO of IOHK and a founder of Cardano? Honestly, no more interviews if you keep...
Read More »Vitalik Buterin Addresses The Cause For The $2.6 Million Fees ETH Transactions
Over the past couple of days, three transactions with abnormally high fees were carried out on Ethereum’s network. Two of them, both with the same fee of about $2.6 million per transaction, were initiated from the same sending address, while the third one was from a different address and with a smaller fee compared to the others.According to Vitalik Buterin, Ethereum’s Co-Founder, these million-dollar transaction fees “may” actually be blackmail.What Happened on Ethereum’s Blockchain?Two days...
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