Browsing:ETH

Binance Ethereum Users Pull Out $778M
6 hours ago 1 min read

Binance Loses $778M in Ethereum Since SEC Charges

The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance, the world’s largest cryptocurrency exchange, has had a negative impact on the crypto market. According to data from crypto analytic firm Nansen, Binance saw negative netflows of $778 million on the Ethereum blockchain in the 24 hours following the SEC’s announcement of the lawsuit. This means that more Ethereum tokens were withdrawn from Binance than deposited into the exchange during this period. The outflow of funds from Binance has also had a negative impact on the price of Bitcoin and other cryptocurrencies. Bitcoin, for example, fell by more than

Recent on-chain data analysis has unveiled that the top ten largest whales on the Ethereum network have amassed a staggering 31.8 million ETH
10 hours ago 2 mins read

Top 10 Ethereum Whales Hold 31.8 million ETH Worth Around $59B

Recent on-chain data analysis has unveiled that the top ten largest whales on the Ethereum network have amassed a staggering 31.8 million ETH, setting a new all-time high. These self-custodial addresses, excluding centralized platforms, have been consistently growing their holdings over the years. The influence of these whales on the market cannot be overlooked, as their movements have the potential to significantly impact Ethereum’s price. Let’s delve deeper into the insights provided by Santiment’s on-chain analytics and explore the trends observed among these powerful investors. Santiment’s research has identified the ten largest non-centralized addresses on the Ethereum network, known as

Bitcoin and Crypto Markets Face Potential Tough Road Ahead, Warns Bloomberg Analyst
1 day ago 1 min read

Bloomberg Analyst Predicts Challenging Times Ahead for Bitcoin and Crypto Markets

According to Bloomberg Intelligence’s senior macro strategist Mike McGlone, the second half of 2023 could be bearish for Bitcoin (BTC) and the rest of the crypto markets. McGlone believes that risk assets, such as stocks and crypto, could get cheap in the coming months as he believes that an economic recession is on the horizon. “Risk assets can get cheap in recessions,” McGlone said in a recent note. “The cat-and-mouse game between the rallying stock market and watchful central banks could be an obstacle for risk assets. Cryptos are among the riskiest, and the inability of the Bloomberg Galaxy Crypto

Atomic Wallet Loses $35 Million in Cryptocurrency Heist
2 days ago 1 min read

Atomic Wallet Compromised, $35 Million Worth of Crypto Stolen

Atomic Wallet, a popular cryptocurrency wallet, was hacked on Saturday, resulting in the theft of millions of dollars worth of cryptocurrencies. The hack was first reported by users on Twitter, who said that their accounts had been compromised and that their funds had been stolen. Atomic Wallet confirmed the hack in a blog post, saying that “a small number of user accounts” had been compromised. The hackers were able to steal funds from over a hundred addresses, including Bitcoin, Ethereum, Tron, BSC, Cardano, Ripple, Polkadot, Cosmos, Algorand, Avalanche, Litecoin, and Dogecoin. The total amount of funds stolen is estimated to

Santiment believes that Bitcoin, XRP, and Litecoin are all undervalued at their current price
3 days ago 1 min read

Bitcoin Price To Catch Up With Rallying Stock Market, Says Santiment

Santiment, a market intelligence platform for crypto, has updated its outlook on Bitcoin, XRP, and Litecoin. Santiment believes that Bitcoin, XRP, and Litecoin are all undervalued at their current price, and that they could see further gains in the coming months. Bitcoin Santiment says that Bitcoin has mostly stayed flat amid the recent bounce in the stock market. However, the analytics firm believes that Bitcoin could soon follow suit and start to rally. Santiment points to the fact that the stock market has climbed to its highest level in about 10 months as the US government resolves the debt ceiling

Coinbase exchange announced today that it will launch Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5.
4 days ago 2 mins read

Coinbase to Launch Bitcoin and Ethereum Futures Contracts on June 5

Coinbase, the largest cryptocurrency exchange in the United States, announced today that it will launch Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5. The new contracts will be available to trade on Coinbase’s derivatives exchange, which is regulated by the Commodity Futures Trading Commission (CFTC). The launch of BTC and ETH futures contracts is a major development for the cryptocurrency market. It will allow institutional investors to gain exposure to Bitcoin and Ethereum through futures contracts, which are a more regulated and liquid product than spot trading. Institutional investors have been hesitant to invest in cryptocurrencies due to

The price of Ethereum (ETH) has somewhat stalled in recent weeks, but declining network fees indicate there is room for optimism.
5 days ago 2 mins read

Ethereum Gas Prices Drop 69%

The price of Ethereum (ETH) has somewhat stalled in recent weeks, but declining network fees indicate there is room for optimism. The lower entry threshold could facilitate more convenience and utility. As it happens, average Ethereum fees have returned to their normal levels after skyrocketing to a yearly high of $14 per ETH transaction in early May. They have recently dropped to $4.28 per transaction, according to the data shared by crypto analytics platform Santiment on June 1. These results demonstrate a decline of 69% from only 25 days ago, when the meme coin hype, triggered by the launch and

Ethereum advanced blockchain technology by supporting hundreds of new blockchain networks and native coins. Now, the company is upgrading its blockchain—from Ethereum to Ethereum 2.0.
8 months ago 2 mins read

What Is Ethereum 2.0?

Ethereum advanced blockchain technology by supporting hundreds of new blockchain networks and native coins. Now, the company is upgrading its blockchain—from Ethereum to Ethereum 2.0. The upgrade on the public mainnet is projected to completely transform its predecessor. Ethereum introduced smart contracts and decentralized applications (DApps) to the larger community. It now supports a slew of blockchain initiatives, including those thriving under the decentralized finance (DeFi) banner. Vitalik Buterin, co-founder of the platform, is undergoing a huge makeover to remain at the top of the league. That is when Ethereum will begin to gradually move to Ethereum 2.0, and the