ETH

Ethereum plummets to a critical support level of around $2,400

November 4, 2024 1 min read

The cryptocurrency market is currently experiencing a familiar lull, reminiscent of previous cycles at the start of the month. After a brief surge on Saturday, activity has slowed down significantly over the past day. Traders are keeping a close eye on the US crypto scene, especially with potential influences like Federal Reserve rate cuts and upcoming elections that could sway prices. Ethereum, the leading altcoin, has been on a downward

Investors withdraw over $750M in Ethereum from exchanges

October 30, 2024 1 min read

Ethereum has recently experienced a notable transformation, with over $750 million worth of ETH withdrawn from major exchanges in just a week. This trend suggests that many investors are opting for long-term holding rather than selling their assets. CoinMarketCap reports that Ethereum’s daily trading volume has surged by more than 80%, indicating a heightened interest in the market. According to data from CryptoQuant, Ethereum’s reserves on exchanges have significantly decreased,

ethOS launches dGEN1, a device for Ethereum on-chain dApp interactions

October 20, 2024 1 min read

ethOS, the Ethereum-focused operating system, has introduced an exciting new device called the dGEN1, which aims to revolutionize how users interact with decentralized applications (dApps) on the Ethereum network. Dubbed “the first on-chain everyday carry,” the dGEN1 is tailored specifically for those immersed in Ethereum’s growing ecosystem. Unlike other blockchain devices like the Solana Mobile Saga, the dGEN1 does not support telecom features, focusing exclusively on Ethereum interactions. It runs

Vitalik Buterin outlines Ethereum’s next phase

October 20, 2024 1 min read

Vitalik Buterin, co-founder of Ethereum, recently shared insights about the platform’s upcoming developments, particularly a phase known as “The Surge.” This initiative aims to significantly enhance Ethereum’s transaction capabilities, targeting an impressive 100,000 transactions per second (TPS). To achieve this, the team is focusing on innovative technologies such as rollups, sharding, and Layer-2 (L2) solutions, all while keeping the platform decentralized. Buterin highlighted the pivotal role of rollups, which allow

The UAE exempts crypto transactions from VAT starting November 15

October 8, 2024 1 min read

Starting November 15, 2024, the UAE will eliminate Value Added Tax (VAT) on cryptocurrency transactions, a strategic move designed to invigorate the sector and enhance the nation’s appeal to crypto businesses and investors. This policy shift, announced by the Federal Tax Authority (FTA), removes the previous 5% tax that posed challenges for market entry, thereby reinforcing Dubai’s status as a global crypto and blockchain hub. The UAE’s proactive approach to

Taiwan’s financial regulator approves foreign crypto ETFs for professional investors

October 2, 2024 1 min read

Taiwan’s Financial Supervisory Commission (FSC) has taken a bold step by approving foreign crypto exchange-traded funds (ETFs) for professional investors, a move announced on September 30, 2024. This decision allows institutional investors, including high-net-worth individuals and specific investment firms, to access these ETFs through a regulated re-entrustment process, which involves delegating investment management to third parties for enhanced oversight. The FSC’s approval comes after thorough discussions with the Securities Business

Ethereum Whales moves $751M worth of ETH to exchanges

September 6, 2024 1 min read

In the past week, there has been a significant influx of Ethereum holders selling their holdings, resulting in a total of 312,183 ETH being put into exchanges. This amount is valued at $751 million. The increase in deposits made for exchanging currencies reflects a rise in investor concern, leading market observers to closely monitor any possible changes in attitude. Moreover, the market performance of Ethereum has been closely examined, revealing

Vitalik Buterin moves 800 ETH worth over $2 million to a multi-sig wallet

September 2, 2024 1 min read

Vitalik Buterin, the co-founder of Ethereum, has allegedly moved Ethereum (ETH) valued at $800 million to a multi-signature wallet, generating curiosity among the cryptocurrency community. The recent transfer occurred a few hours ago and was accompanied by an exchange of 190 ETH for $477,000 USDC stablecoin, indicating the implementation of techniques for managing liquidity. Nevertheless, Buterin’s recent transactions are not solitary, since a substantial sum of 3,000 ETH, valued at

XRP has drops over 30% over the past week and 20% in the last 24 hours

August 5, 2024 1 min read

In August, the crypto market witnessed an exceptional decline, with XRP suffering a substantial decrease of 19.57% and liquidations amounting to $1.11 billion. The worldwide crypto market has experienced a depreciation of more than $500 billion, representing a 16% decrease over one year. The Japanese stock market has also undergone a decline, while the S&P 500 encountered a 4.4% decrease. The scheduled private meeting between officials from the Securities and

Crypto whales increase their holdings in Ethereum, Pepe, and ONDO

August 3, 2024 1 min read

Crypto whales are buying more Ethereum (ETH), Pepe (PEPE), and ONDO, which could mean that prices will go up. This is a bullish trend because more whales buying an object can attract more buyers and keep prices going up. On Ethereum, the big holder netflow has grown by 167%. This is the difference between how much ETH large investors bought and sold. This means that “whales” are buying more coins,

Grayscale Ethereum ETF sees over $1 billion in outflows since its debut

July 26, 2024 1 min read

Grayscale’s Ethereum ETF (ETHE) lost over $1 billion in three trading days after its conversion, lowering assets under management from $9 billion to $7.4 billion. Inflows were led by BlackRock’s iShares Ethereum Trust (ETHA), which attracted $71 million and followed by Grayscale’s Ethereum Mini Trust (ETH), a spinoff of Ethereum Trust. Fidelity’s Ethereum Fund (FETH), Bitwise’s Ethereum ETF (ETHW), VanEck’s Ethereum ETF (ETHV), and Invesco/Galaxy’s QETH all saw inflows. A

Ethereum (ETH) price falls by over 7%, while the overall crypto market was down nearly 4%

July 25, 2024 1 min read

Ethereum (ETH) declined by over 7% throughout the last 24 hours, while the entire cryptocurrency market decreased by over 4%. This drop is attributed to investors evaluating the consequences of Mt. Gox’s recent transactions and broader economic events. At the time of writing, the value of Ether was around $3,185, reflecting a decrease of 7.9% in the past 24 hours. At the time of writing, the value of Bitcoin had