Tag: ETHUSD

Will Bitcoin Drop Lower on Trump’s Positive Covid-19 Test News?

Will Bitcoin Drop Lower on Trump’s Positive Covid-19 Test News?

Following a positive Covid-19 test result from one of Donald Trump’s closest aides, the POTUS himself took the test which produced the same result for him and the First Lady. He tweeted the news a couple of hours ago. Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process […]

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Bitcoin Dips to $10,400 as Crypto Market Loses $15 Billion on BitMEX News (Market Watch)

Bitcoin Dips to $10,400 as Crypto Market Loses $15 Billion on BitMEX News (Market Watch)

Bitcoin was riding high around $10,900 before dumping below $10,500 following the controversial BitMEX news from yesterday. Most alts have copied the move downwards, resulting in a $15 billion loss for the market cap. Bitcoin Tumbles On BitMEX News As CryptoPotato reported yesterday, the US Commodity and Futures Trading Commission charged the owners of one […]

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Ethereum Price Prediction: ETH Stuck Between Robust Resistance And Support

Ethereum’s rejection at $370 pokes holes in various key levels, leading to a revisit to $345. ETH/USD has a higher chance of resuming the uptrend as opposed to continuing the breakdown. Ethereum did break the resistance I discussed earlier this week at $360. However, the breakout did not materialize as expected. Instead, Ethereum hit a […]

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Ethereum Founder Recommends L2 Solutions for ETH Payments

Ethereum co-founder Vitalik Buterin has suggested that more people should use ETH for payments opting for Layer 2 solutions to avoid hefty gas fees. In a response to a tweet suggesting that payments platform Square refusing to support crypto payments was ‘dumb’, Ethereum co-founder Vitalik Buterin has highlighted the benefits of supporting the digital asset […]

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Analysis: Almost $20 Million of KuCoin Stolen Funds Already Sold Through DEXs

Almost $20M of the $281M worth the tokens drained from the KuCoin exchange are already sold on decentralized exchanges (DEX). This is the standpoint of London-based blockchain analysis provider Elliptic. DEXs Were The Only Route For The Hackers    According to a recent report, KuCoin hackers have sold $17.1 million of the $281 million in […]

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Ethereum 2.0 Genesis in Final Stages of Testing After ‘Dress Rehearsal’

A final series of testnets has been activated for the Beacon Chain stage of Ethereum’s Serenity roadmap, but one called ‘Spadina’ has been a failure. This has set the stage for the next testnet called ‘Zinken.’ Spadina Failed on Finality The three-day Spadina testnet was one of the final dress rehearsals for the real thing, […]

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Bitcoin Mimics Wall Street and Climbs Above $10,800 as Altcoins Rejoice (Market Watch)

Bitcoin Mimics Wall Street and Climbs Above $10,800 as Altcoins Rejoice (Market Watch)

Despite briefly dipping to $10,660, Bitcoin has slightly increased in value since yesterday and trades above $10,800. At the same time, Ethereum has spiked by about 2% to above $360, while more volatility is evident from lower and mid-cap altcoins. Bitcoin To Above $10,800 After an unsuccessful attempt to conquer $10,800 yesterday, Bitcoin headed south […]

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Ethereum’s Volatility Declines But All Hope Is Not Lost

Ethereum’s volatility has decreased substantially and the investors were not expecting any massive price movement from the world’s largest altcoin by market cap in the coming days. This was evidenced by the crypto-analytic platform, Skew’s 6-month ether-bitcoin implied volatility dropped to figures 4.9%. The falling spread evidenced that Ethereum’s volatility with respect to Bitcoin is expected to […]

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Kucoin’s Hack drags Ocean Protocol And Uniswap Into Mud

Kucoin hacker’s fund movement is finally noted two days after the incident. Singapore-based cryptocurrency exchange, Kucoin, suffered a massive hack on the 25th of September, in which, the hackers reportedly drained $150 million worth of digital assets such as Bitcoin, Ethereum, and others. But it wasn’t until the early hours of Sunday that the hacker […]

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DeFi Player Synthetix [SNX] Announces Transition to “Optimistic Ethereum”

DeFi platform Synthetix [SNX] announced the first phase of its transition to the second layer scalability solution of Ethereum called Optimistic Ethereum. The official release defines Optimistic Ethereum as only a “generalized” layer two solutions for Ethereum since it doesn’t require any specific functionality to be built to support existing protocols of layer one. Synthetix First Phase […]

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