Tag Archives: ethusd

Bitcoin kissed the $10K mark goodbye this week as the cryptocurrency dropped to as low as $8,800 on Thursday, reaching the trend-line that was forming since the massive drop in March. As expected, BTC received strong support in that area, and its price quickly recovered to around $9,200, where it’s currently trading.The dump started suddenly as Bitcoin’s price flash crashed on Bitstamp and reached $9,100 in less than a minute. Even though it recovered after that, it turned out to be an...

Maker DAO just received an influx of almost 2,500 Bitcoin in the past 48 hours, as the number of Wrapped Bitcoin (WBTC) locked in the decentralized finance app increased by 1,921%.Maker DAO is a decentralized lending protocol on Ethereum, which issues the stablecoin Dai (DAI) in return for ETH-based collateral. Since BTC can be represented on Ethereum in the form of Wrapped Bitcoin, that means Bitcoin, too, can be used as ETH-based collateral on Maker DAO.On May 20, just over 130 Bitcoin were...

BitcoinBitcoin saw a 4.4% price decline over the past seven days of trading as the coin trades at $9,115. The cryptocurrency was at the $9,815 resistance level for the majority of the week as it continuously failed to close above it. Bitcoin went on to slide lower from there on Wednesday as it dropped into the $9,400 level.Yesterday, Bitcoin continued to drop further as it dipped beneath $9,000 to reach as low as $8,800. Luckily, the buyers regrouped to push the coin back above $9,000 before...

Twitter saw the return of Vitalik Buterin vs. Justin Sun on May 19. The respective founders of Ethereum and TRON exchanged barbs over the matter of an imminent Steem hard fork, which will seize the funds of some of its users.If Steem Hardfork 0.23 goes ahead on May 20, over 23.6 million STEEM coins will be taken from multiple users: that’s roughly a bounty worth over $5 million.Buterin vs. Sun: Round 1Ethereum founder Vitalik Buterin appeared on a Twitter thread concerning the alarming...

The bulls are eyeing $226 resistance, but they could get trapped if a double-top pattern comes into play.Ethereum is currently looking bullish across its trading pair after rising by 11% in 7 days.Against Bitcoin, Ethereum is starting to show strength after finding support around 0.021BTC.ETH/USD: Ethereum Eyeing $226 Key Resistance Levels: $217, $226.8, $246Key Support Levels: $191, $176, $152.6ETH/USD. Source: TradingViewA few days back, Ethereum saw a sharp correction to $175 after marking...

Ethereum increased by 2.5% over the past 24 hours, and it reclaimed the $200 level again.The cryptocurrency previously rebounded from a rising trend line, which allowed it to get over the $200 level this week.Against Bitcoin, ETH managed to rebound from the 0.021 BTC support to reach 0.0213 BTC.Key Support & Resistance LevelsETH/USD:Support: $200, $187, $180.Resistance: $211, $220, $225.ETH/BTC:Support: 0.021 BTC, 0.0208 BTC, 0.02 BTC.Resistance: 0.022 BTC, 0.0225 BTC, 0.023 BTC.ETH/USD:...

Recent Chinese reports indicate that a new cryptocurrency scam, resembling the notorious PlusToken, has been brought to trial this week. Dubbed WOTOKEN, allegedly scammed over 700,000 users and absorbed more than $1 billion worth of Bitcoin and other digital assets.The New Chinese Threat: WOTOKENAccording to local reports, the trial began on May 14th in the People’s Court of Binhai Country, Yancheng City, against six defendants allegedly operating the WOTOKEN project. More specifically, the...

BitcoinBitcoin had an interesting 7-day trading period as the coin dropped by a small 3% over the week. However, this is because BTC fell by a strong 10% over the weekend as the coin fell from $9,600 to reach as low as $8,500. It rebounded from here and started to climb after the halving occurred earlier in the week.After rebounding, Bitcoin reclaimed the $9,000 level and continued upward to reach the resistance at $9,815 yesterday. It dropped lower from this level today to reach the current...

Five months after the successful completion of the “Agharta” hard fork at block 9,573,000, the Ethereum Classic (ETC) Core developers announced today that the blockchain would undergo another network upgrade dubbed Phoenix.Ethereum And Ethereum Classic CompatibilityPhoenix is a system-wide upgrade and will take place on June 3rd, 2020, at exactly block 10,500,839. Per the official announcement from the project, the upcoming hard fork is a product of the consensus between the members of the...

The social media platform, Reddit, has begun testing two types of Community Points running on the Ethereum blockchain announced last month. Upon the completion of the trial period, which should end by the summer of 2020, the distribution will start with 50 million tokens to users, moderators, and Reddit itself.Reddit’s Community Point Initiative BeginsAs CryptoPotato reported last month, the social media platform planned to incentivize users to be more engaged by allowing them to earn...