Crypto EcoBlog
Popular cryptocurrency exchange and derivatives trading platform, BitMEX, announced today that it is launching an ETHUSD Quanto futures contract on May 5, 2020. The new product will be the first of its kind in the market. The ETHUSD futures are Quanto contracts, similar to the ETHUSD perpetual swap.BitMEX ETHUSD Quanto FuturesAccording to the exchange, the ETHUSD Quanto futures come with a fixed Bitcoin multiplier regardless of the price of Ether (ETH) in USD. This gives traders the...
Read More »Bitcoin Skyrockets To $7700: Almost Fully Recovered From The March 12 Collapse, As Gold, Oil and Global Markets Soar
Bitcoin made a serious move in the past few hours as its price soared up to above $7,720 in just a few minutes. Legacy markets followed as the S&P500, the Dow, as well as gold and oil are all trading in the green.Bitcoin Price Surges to $7,700In a few quick hours, Bitcoin’s price marked a massive increase, surging up above $7,700 from about $7,060. The price has since retraced a bit as it’s currently trading around $7500, which is still about 5% on the day.BTC/USD. Source: BinanceAs it...
Read More »China Court Says That Ethereum Is Property And Has Economic Value
In a recent write-up, a defendant named “Li” was convicted of theft for having stolen cryptocurrency from his previous company following his firing. Li had resigned from the company on May 31 due to underperformance after a probation period. The defendant used his knowledge of the private key and payment password from his previous company’s ‘Haode Star’ project to complete the theft.The TheftThe cryptocurrency that Li stole was mainly through the company’s imToken wallet. Li took 3 ETH and 4...
Read More »Ethereum (ETH) Reaches The 200MA After Jumping 4%. Can It Push To $200? Price Analysis & Overview
Ethereum increase by a total of 4% over the past 24 hours as it reaches $179. ETH has managed to surge by a total of 13% this week – making it the highest performing top 5 cryptocurrency. Against Bitcoin, Ethereum rebounded at 0.025 BTC as it heads back toward the April 2020 highs. Key Support & Resistance Levels ETH/USD:Support: $170, $165, $157.Resistance: $177, $188, $194.ETH/BTC:Support: 0.025 BTC, 0.0247 BTC, 0.024 BTC.Resistance: 0.026 BTC, 0.0263 BTC, 0.027 BTC. ETH/USD: Ethereum...
Read More »Change Of Heart? dForce Hacker Has Returned Most Assets To The Chinese DeFi Protocol
Just days after stealing $25 million from the Chinese DeFi protocol dForce, the attacker has returned almost all the funds. The unexpected events occurred after compelling transactions carrying several memos, contact email exchanges, and pleads from people. dForce Hacker Returns The Assets As Cryptopotato reported over the weekend, a hacker exploited the popular DeFi protocol – dForce Network. The attacker managed to drain all $25 million worth of crypto assets from its lending solution...
Read More »Ethereum Price Analysis: $200 Will Have To Wait As ETH Dropped From An Important Resistance
Ethereum saw a small 2.6% price fall today as the cryptocurrency drops into the $175 region. Before this, ETH managed to increase by a total of 16.8% over the past week as it reached an April high of $190. Against Bitcoin, Ethereum also created a fresh high for April around the 0.026 BTC level. Key Support & Resistance Levels ETH/USD:Support: $175, $171, $165.Resistance: $180, $188, $194.ETH/BTC:Support: 0.025 BTC, 0.0247 BTC, 0.024 BTC.Resistance: 0.0259 BTC, 0.0263 BTC, 0.027 BTC....
Read More »Chinese DeFi Protocol dForce Reportedly Loses $25 Million Of Its Total Locked Value In An Attack
dForce, a Chinese decentralized finance (DeFi) protocol that is backed by Multicoin Capital, has reportedly been exploited. According to a popular DeFi monitoring resource, the total value locked (in USD) in dForce, was reduced from around $25 million to almost nothing in a matter of hours. DeFi Lending Protocol Exploited A well-known DeFi protocol, dForce Network, was reportedly exploited recently. Its lending solution, Lendf.Me, representing an open-source money market protocol, was...
Read More »Ethereum Price Analysis: ETH Reaches April 2020 Highs, Is $200 Incoming?
Ethereum witnessed a 7% price increase today as the cryptocurrency reaches the $182. Three days ago, Ethereum surged over 15% from the $150 level to reach the April resistance at $175. Against Bitcoin, Ethereum is performing very well after creating a fresh April high at 0.0247 BTC. Key Support & Resistance Levels ETH/USD:Support: $165, $155, $150.Resistance: $187, $194, $200.ETH/BTC:Support: 0.0239 BTC, 0.0229 BTC, 0.0224 BTC.Resistance: 0.0247 BTC, 0.025 BTC, 0.0259 BTC. ETH/USD –...
Read More »Bitcoin And Ethereum Networks Transfer The Same Value As Stablecoins Grow
The total value transferred on the Ethereum network reached full parity with Bitcoin last week. It’s mainly due to the increasing role of stablecoins in the market as they are responsible for 80% of all transactions on the Ethereum blockchain. Ethereum Network Transfer Value Parity With Bitcoin A publication revealed by Ryan Watkins, a researcher in the cryptocurrency intelligence firm Messari, showcased the comparison in transferred value on Ethereum and Bitcoin. Transferred Value On...
Read More »The Crypto VIX? Bitcoin Volatility Tokens (BVOL) To Be Launched by FTX Exchange
FTX derivatives exchange launched early 2019 with more than $400 million worth of daily trading volume, has recently announced plans for a new product: the BVOL tokens, which will be available to non-U.S. users. The new tokens are ERC20-based tokens that attempt to track the volatility of the crypto markets through exposure to the FTX MOVE contracts that represent the absolute value of the amount Bitcoin (BTC) moves over daily, weekly and quarterly periods. The new tokens aim to become the...
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