ETH

PEPE Token Skyrockets 16%, Terra Classic (LUNA) Jumps 15% as Bitcoin Recovers from SEC-Induced Downturn

June 7, 2023 1 min read

Bitcoin has surprised the market by defying expectations and experiencing a rapid surge of $2,000 in just a few hours, despite facing a second high-tier lawsuit launched by the US Securities and Exchange Commission (SEC) against a crypto company. This positive momentum has also influenced altcoins, with Ethereum (ETH) nearing $1,900 and several others turning green. Altcoins Recover Alongside Bitcoin: Altcoins, which suffered significant losses alongside Bitcoin due to the

Binance Loses $778M in Ethereum Since SEC Charges

June 6, 2023 1 min read

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 This means that more Ethereum tokens were withdrawn from Binance than deposited into the exchange

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

June 6, 2023 2 mins read

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

Bloomberg Analyst Predicts Challenging Times Ahead for Bitcoin and Crypto Markets

June 5, 2023 1 min read

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

Atomic Wallet Compromised, $35 Million Worth of Crypto Stolen

June 5, 2023 1 min read

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

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

June 3, 2023 1 min read

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

Coinbase to Launch Bitcoin and Ethereum Futures Contracts on June 5

June 2, 2023 2 mins read

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

Ethereum Gas Prices Drop 69%

June 1, 2023 2 mins read

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

What Is Ethereum 2.0?

October 3, 2022 2 mins read

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