Category Archives: Ethereum
ETH Price Rally: Vitalik Buterin Moves Ethereum To Coinbase, ETH Price To Rally? – CoinGape
The recent move of Vitalik Buterin, transferring 100 Ethereum (ETH) coins to Coinbase has raised eyebrows in the crypto community. The co-founder of Ethereum, Vitalik is known for his transfers to several cryptocurrency exchanges and once again came into light.
On November 1, Vitaliks Ethereum transfers to Coinbase were worth around $181,000.
The move has been taken as a suspicion of something coming up, as Vitalik had previously stated that he had not sold ETH for personal benefit since 2018.
Speculative about the transaction, a few crypto analysts said that it could be for personal reasons or to fund another project. However, the main reason or truth behind this cryptic transfer of 100 ETH worth $181,000 to Coinbase remains unclear.
Furthermore, it is also not sure if Vitalik will continue to sell his holdings or if this is a one-time event.
Read Also: XRP and Solana Continue to Rally Defying Crypto Market Consolidation
In a tweet shared on X, formerly known as Twitter, Vitalik Buterin said, he has not made any transaction with the purpose of business or personal benefits since 2018.
However, he further clarified that the move of transferring ETH coins in the past few years is for charity and donations. Vitalik further informed that if there is any information with titles like Vitalik sends XXX ETH to [exchange], its not for selling, but always donating to some charity or nonprofit or other projects. Whereas the receiver will eventually make money by selling the ETHs because they have to cover expenses.
Meanwhile, overall, since September 17, 2023, Vitalik Buterin has deposited 3,700 ETH, worth around $6.12M to Bitstamp, Paxos, and Coinbase.
The Ethereum price traded at $1,804.02, noting a surge of 0.62% over the past 24 hours, while its volume from yesterday fell 13.47% to $6.65 billion. The market cap of the second largest crypto was at $216.90 billion as of writing.
Notably, over the past seven days, the cryptos price soared nearly 2%.
Read Also: Crypto Prices Today: Pepe Coin Falls, BTC & THETA Boost Market
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ETH Price Rally: Vitalik Buterin Moves Ethereum To Coinbase, ETH Price To Rally? - CoinGape
Vitalik Buterin says Ethereum layer-2 solutions will become more … – CryptoSlate
The Ethereum layer-2 ecosystem continues to expand and diversify, according to Ethereum co-founder Vitalik Buterin in a recent blog post. As new scaling solutions emerge, Buterin predicts increasing heterogeneity in layer 2 designs based on specific security and cost tradeoffs.
Rollups, validiums, sidechains, and other layer-2 constructions offer different balances between decentralization, security, and scalability. Financial applications demand the highest security guarantees, while social media and gaming can accept some downtime in exchange for lower fees.
Buterin notes that projects transitioning from independent layer-1s to Ethereum layer-2s will likely take a gradual, multi-stage approach. Moving all activity to a rollup at once would hurt usability, but waiting too long risks missing the opportunity. Centralized projects and niche layer 1s also want enough decentralization for added security assurances without sacrificing high throughput.
Validiums rely on zero-knowledge proofs to ensure correct computation without storing all data directly on Ethereum. This saves costs compared to rollups, but validiums face data availability risks if operators fail to make data available. Rollups guarantee users can always withdraw funds to the Ethereum mainnet.
Disconnected systems like sidechains offer even lower costs but require trust in a small set of validators. Hybrid approaches are also emerging, such as validiums that allow users to pay for periodic Ethereum data availability.
Buterin emphasizes the importance of external chains maintaining tight links to Ethereum. This reduces security risks when bridging Ethereum-native assets and enables shared account abstractions across chains.
Validating bridges can provide validium-level security, proving correct state transitions. However, handling edge cases like 51% of attacks requires a social commitment to coordinate upgrades. Reading Ethereum data and reverting when Ethereum reverts is also critical. Chains that only read Ethereums finalized blocks avoid some complexity but give up functionality during periods of low finality.
Overall, Buterin sees merit across a spectrum of layer-2 designs. Applications will continue tailoring solutions to their specific security, scalability, and decentralization needs. However, maintaining connections to Ethereum provides benefits regardless of the architecture. He believes that, as technology progresses, projects can strengthen their ties to Ethereum in stages over time.
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Vitalik Buterin says Ethereum layer-2 solutions will become more ... - CryptoSlate
Ethereum (ETH) Rise Above $1,800 Caused By This Driver: Report – U.Today
Yuri Molchan
Recent analytics data has revealed the major factor that helped Ethereum get back over the $1,800 price level, suggesting a coming rise over $2,000
A recent tweet by on-chain data agency Santiment has revealed an important driver that pushed the second largest crypto, Ethereum, up, helping it to regain the $1,800 price mark.
A recent X post by Santiment revealed that the major driver, moving ETH over $1,800 was the day when the biggest number of new wallets emerged since early October.
The analytics team of the company reckons that should the Ethereum network keep growing long-term with the ETH supply on exchanges declining further, ETH has justification to cross $2,000 once again. Currently, the supply of Ethereum remains at the lowest level since ETH Genesis.
As reported by U.Today earlier, Ethereum co-founder Vitalik Buterin transferred a small amount of ETH to the largest US-based crypto exchange Coinbase 100 ETH worth $181,000. When Vitalik transferred them at $1,810 per coin.
In September this year, he also moved 400 ETH to the same crypto trading venue. In August, Buterin deposited 600 ETH to Coinbase also that amount of ETH was worth approximately $1 million back then.
In October, Buterin moved 1,000 ETH to Bitstamp, selling it for $1.67 million. Overall, over the past two months, the Ethereum frontman moved roughly 4,400 ETH to Bitstamp, selling it for approximately $7.23 million in fiat.
At the time of this writing, ETH is changing hands at $1,798, according to the data provided by CoinMarketCap.
About the author
Yuri Molchan
Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Hodls major cryptocurrencies and has written for multiple crypto media outlets.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.
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Ethereum (ETH) Rise Above $1,800 Caused By This Driver: Report - U.Today
3 reasons why Ethereum price is down against Bitcoin – Cointelegraph
The price of Ethereums native token, Ether (ETH) is trading around a 15-month low versus Bitcoin (BTC), and the lowest since Ethereum switched to proof-of-stake (PoS).
Cointelegraph takes a closer look at some of the reasons for the continuous drop of the ETH/BTC pair.
In previous market cycles, Ethereum often outperformed BTC during bullish market trends, but this relationship began to change at the start of 2023. Ether and numerous altcoins struggled as the narrative around altcoins use within Web3, DeFi and NFTs came under pressure in 2022 and 2023.
Stringent regulations against the crypto industry, severely muted inflows from retail and institutional investors, an uptick in investors seeking shelter in US-dollar-pegged stablecoins also impacted sentiment for Etheruem.
In addition to a change in Ethers performance in its BTC pair, ETH was negatively impacted by the steady rise in Bitcoin dominance. As reported by Cointelegraph,
Bitcoin dominance is a measure of BTCs market capitalization relative to the overall crypto market and it highlights the assetss strength and if often used by investors as a sentiment gauge. With the Bitcoin halving fast approaching (April 2024) and investors belief that a spot BTC ETF is imminent, the drop in Ethers value in its BTC pair suggests that investors feel more bullish about BTC and possibly allocating less money to Ether investments.
Related: Bitcoin dominance hits 54% Highest in 2.5 years as BTC halving approaches
The ETH/BTC pair dropped to 0.050 BTC on Oct. 23 and has remained in a downtrend since then. A notable occurrence was the pairs fall below its 200-week exponential moving average near 0.058 BTC,which raises the possibility for further downside in the short-term.
According to Cointegraph contributor Yashu Gola,
These factors are likely to continue impacting Ethereum's price relative to Bitcoin. The multifaceted market dynamics, investor sentiment and staunch regulatory environment could remain the dominant headwinds against the ETH/BTC pair for the foreseeable future.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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3 reasons why Ethereum price is down against Bitcoin - Cointelegraph
Ethereum Breaks $1,800 Resistance, BNB Soars Above $225, InQubeta Raises $4.1 Million – Yahoo Finance
New York --News Direct-- Web3 AI Media
The crypto market recently experienced what might be the start of a new bull market. Apparently, the crypto market isnt dead, as critics will have many believe. In an exciting turn of events, Ethereum (ETH) broke the $1,800 resistance level while Binance Coin (BNB) rose above $225. Meanwhile, InQubeta (QUBE), a new player and a top ICO, made waves after raising a staggering $4.1 million in its presale.
To learn more about these market trends and position well for the bull cycle, keep reading.
While Ethereum and BNB are soaring in the crypto market, InQubeta (QUBE) is setting the pace in the ICO (initial coin offering) space. As one of the new ICOs, it raised a substantial $4.1 million in its presale. This suggests confidence in what it is offering and its potential, which we will explore below.
InQubeta captures investors' and enthusiasts' attention because of its convergence of AI and blockchain. Through this approach, it aims to solve a key problem within the AI market, which is fundraising. How does it intend to achieve this? Simply put, it will become the first crowdfunding platform for AI startups through crypto, using its QUBE token. That isnt all; it also seeks to democratize the AI market by opening investments to all.
This community is growing at a fast pace, which you can be a part of by participating in the presale via the link below. It is presently in the fourth round of its presale, and a token costs only $0.0133. Meanwhile, according to experts' forecasts, it will rally by 3,000% before the end of 2023, making it the best new crypto to invest in.
Whether you are a seasoned pro or a crypto newbie, chances are you have heard of Ethereum (ETH) at some point. It is popularly called the cornerstone of decentralized applications (dApps) and smart contracts. In other words, it is a platform that executes decentralized smart contracts and also hosts other cryptocurrencies. Hence, in the blockchain space, Ethereum is arguably the best cryptocurrency.
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In addition, what makes Ethereum more striking is that it is the second-leading token by market capitalization. Therefore, it is a blue-chip token with sustainable growth and relatively moderate volatility, making it a good crypto to buy.
Further, it recently broke the $1,800 resistance, signaling a significant breakthrough. This is expected to be the start of a substantial rise in its price, making Ethereum a token to watch in the coming days and weeks.
Binance Coin (BNB): An Important Player in the Crypto Scene
Binance Coin (BNB) is one of the top 5 cryptocurrencies. It is the native cryptocurrency of the Binance ecosystem. When you consider how large the Binance ecosystem is, which includes the Binance exchange, Binance Chain, Trust Wallet, and Binance Smart Chain, you can visualize just how critical BNBs function is.
Some of the use cases of BNB include settling transaction fees, payment for goods and services, and participating in exclusive token sales. Therefore, it is a key player in the crypto landscape.
Regarding the latest developments within its ecosystem, its price rose to reach the $225 mark, creating a buzz in the crypto community. With more to come, BNB is a top altcoin to keep an eye on.
The movements of Ethereum, BNB, and InQubeta perfectly answer the question, What is the frenzy all about? These tokens are currently creating a buzz in the crypto community with their remarkable performances. With more to come, they are altcoins to watch out for.
Visit InQubeta Presale
Join The InQubeta Communities
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View source version on newsdirect.com: https://newsdirect.com/news/ethereum-breaks-1-800-resistance-bnb-soars-above-225-inqubeta-raises-4-1-million-310574605
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A Legendary Billionaire Just Flipped On Bitcoin Amid $300 Billion Ethereum, XRP And Crypto Price Boom – Forbes
BitcoinBTC has been on a winning streak lately, rocketing almost 25% over the last month as traders bet on a looming $48.3 trillion price earthquake.
Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster ahead of next year's historical bitcoin halving!
The bitcoin price boom, pushing bitcoin to its highest level since the summer of 2022 and helping ethereum, XRPXRP and the wider crypto market add around $300 billion of value since mid-September, comes amid growing fears of "global wartime inflation."
Now, legendary billionaire investor Stanley Druckenmiller has admitted he should have bought bitcoin, calling it a strong "brand" similar to gold.
Bitcoin's historical halving that's expected to cause crypto price chaos is just around the corner! Sign up now for the free CryptoCodexA daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market
"I don't own any bitcoin to be frank but I should," Druckenmiller, a former hedge fund manager who founded family office Duquesne Capital, told fellow hedge fund manager Paul Tudor Jones last week at a New York investor conference.
"I'm 70 years old, I own gold," Druckenmiller said. "I was surprised bitcoin got going but ... it's clear the young people look at it as a store of value because it's a lot easier to do stuff with and 17 years, to me, it's a brand. [But] I like gold because it's 5,000 year-old brand," Druckenmiller said, referring to bitcoin only being created in 2008.
Bitcoin and gold have emerged as twin bolt-holes for investors this year, with the bitcoin price doubling since January.
Earlier this month, Jefferies' analysts warned the Fed will be forced to restart its money printerpotentially collapsing the U.S. dollar and fueling a bitcoin price boom to rival gold.
Sign up now for CryptoCodexA free, daily newsletter for the crypto-curious
Jones, who set the world of crypto alight in May 2020 when he named bitcoin the "fastest horse" to beat inflation he saw coming down the track, told CNBC in an interview earlier this month that the Israel-Hamas conflict in the Middle East and "probably [the U.S.'s] weakest fiscal position since World War II," means he's doubling down on bitcoin and gold.
Druckenmiller, who has previously said he owns bitcoin but is now thought to have sold, also criticized Treasury secretary Janet Yellen for failing to refinance U.S. debt when rates were at rock bottom lows during the Covid pandemic.
I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com.Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.
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Ethereum, THORChain and NEAR Protocol Price Forecast: Mixed Trends in Todays Market Watch – FX Empire
The RSI indicator is neutral at 51, indicating an evenly balanced market sentiment. Ethereums current trading price is slightly above the 50 EMA, set at $1,776, hinting at a short-term bullish trend. However, the observed symmetrical triangle pattern reflects a state of indecision among investors, with a breakout awaited to determine a clear direction.
In summary, Ethereums trend appears bearish below the $1,800 threshold. In the short term, the market could witness a test of the resistance at $1,850, contingent upon a decisive breakout from the prevailing chart pattern.
Thorchains current trading price stands at $3.03, reflecting a 3.69% ascent within the last 24 hours. The asset ranks commendably in market cap, with a notable supply data backing its valuation. The 4-hour chart timeframe reveals an intriguing picture: immediate resistance is encountered at $3.06, with subsequent barriers at $3.27 and $3.54. Conversely, support levels are firmly entrenched at $2.38, $2.13, and $1.80.
The RSI indicator, soaring at 83, signals an overbought scenario, traditionally a precursor to a potential pullback. However, the assets current position above the 50 EMA, valued at $2.51, leans towards a short-term bullish trend. An upward channel pattern has been discerned, further corroborated by the three white soldiers pattern, both suggestive of a buying trend.
In conclusion, Thorchain exhibits a bullish trend above the pivotal $2.85 mark. In the short term, market participants may anticipate the asset to challenge the immediate resistance at $3.06, with potential to explore higher thresholds in the upcoming days.
NEAR Protocol shows a notable uptrend, surging 10.51% in the last 24 hours to $1.409, reflecting a bullish sentiment in its market positioning. The 4-hour chart reveals a pivot point at $1.2500, with immediate resistance looming at $1.4190. Subsequent resistances are seen at $1.5510 and $1.6610, while supports are found at $1.1580, $1.0600, and $0.9650.
The RSI, significantly elevated at 85, signals overbought conditions, cautioning investors of potential reversals. Moreover, NEAR trades above the 50 EMA at $1.1440, reinforcing the bullish bias. A confirmed downward wedge breakout suggests continued buying interest.
Conclusively, NEAR exhibits a bullish trend above $1.2500. In the short term, a test of the resistance at $1.4190 is anticipated, contingent on sustained momentum.
For a look at all of todays economic events, check out our economic calendar.
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OKX Wallets DEX Aggregator Integrates with Scroll Layer-2 Ethereum Network – CoinTrust
OKX Wallets DEX aggregator has recently completed its integration with Scroll, a Layer-2 Ethereum network dedicated to offering scalable solutions for projects operating on the Ethereum virtual machine. Scroll leverages zero-knowledge technology to expedite development, lower operational costs, and, importantly, maintain a robust focus on security and reliability.
Scroll has been meticulously crafted by and for Ethereum developers, with a primary focus on delivering a swift, dependable, and scalable Layer-2 blockchain solution. This innovative network extends the capabilities of Ethereum, enabling applications to scale without encountering unforeseen challenges. Thanks to its bytecode-level compatibility, existing Ethereum applications can seamlessly migrate to Scroll without requiring significant modifications, all while incurring substantially reduced costs.
The integration of Scroll into OKX Wallets DEX Aggregator marks a significant milestone for Scroll users. It translates to improved access to optimal trading prices, cost-effective transaction fees, swift transaction processing, and a bolstered liquidity pool. Notably, the current DEXes operating on the Scroll chain and integrated with OKX Wallets DEX Aggregator include prominent names such as Kyber Network, Dodo, Izumi Finance, SyncSwap, SpaceFi, and more.
On October 19, 2023, OKX made a noteworthy announcement regarding its wallets compatibility with the Scroll mainnet. This integration means that users of OKX Wallet can seamlessly manage and transfer their cryptocurrency assets using the Scroll network, both through the OKX mobile application and the web browser extension.
OKX Wallets DEX Aggregator stands out as a multi-chain, cross-chain decentralized exchange aggregator, boasting connections with over 300 other DEXes and approximately 15 bridges. The platform supports a vast array of cryptocurrencies, exceeding 200,000 coins, and operates on more than 20 different blockchains. This comprehensive approach ensures that users have access to a wide range of assets and trading options, making it a powerful tool for cryptocurrency enthusiasts.
The integration of Scroll, a Layer-2 Ethereum network, with OKX Wallets DEX Aggregator signifies a substantial step forward in enhancing the capabilities and accessibility of decentralized exchange services. Scrolls commitment to scalability and cost-efficiency, coupled with OKX Wallets extensive network of DEX partners and supported blockchains, promises a robust and user-friendly experience for cryptocurrency traders and enthusiasts. As the blockchain industry continues to evolve, collaborations such as this one underscore the ongoing efforts to offer innovative solutions to the growing demands of the crypto community.
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OKX Wallets DEX Aggregator Integrates with Scroll Layer-2 Ethereum Network - CoinTrust
Stratis’ STRAX token outpaces Bitcoin, Ethereum, and Binance Coin … – Investing.com
Investing.com|EditorRachael Rajan
Published Oct 31, 2023 01:25PM ET
Stratis' native token, STRAX, has been demonstrating a significant performance in the cryptocurrency market, with a growth trajectory that surpasses Bitcoin, Ethereum, and Binance Coin. Data from CoinMarketCap highlights the impressive gains of STRAX, with a 24-hour increase over 24% and a seven-day surge of 75%. The trading volume also experienced a substantial boost, spiking nearly 150% to more than $139 million.
On an annual basis, STRAX's growth trajectory has soared by 102.26%, and its performance over the past 30 days indicates an increase of over 122.60%. This robust performance stands in stark contrast to other major cryptocurrencies. Bitcoin's annual growth is around 60%, while Ethereum's is only 13.63%. In the meantime, Binance Coin has seen a decline of more than 26% to $226.88 from $326 last year.
STRAX's price has made a significant leap from $0.4728 to $1.08, reflecting its sustained bullish trend throughout the year. The success of STRAX is largely attributed to the Stratis' Blockchain as a Service (BaaS) platform. This platform facilitates the development and deployment of blockchain applications, contributing to the strong performance of STRAX in the crypto market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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Stratis' STRAX token outpaces Bitcoin, Ethereum, and Binance Coin ... - Investing.com
US Fed interest rate preview: Two scenarios for Bitcoin and Ethereum prices – FXStreet
Bitcoin price rallied throughout October 2023, marking another profitable month for BTC holders. The upcoming US Federal Reserve interest rate decision has the potential to make or break Bitcoins price rally.
Altcoins like Ethereum will probablyfollow Bitcoins coattails. A vast majority of market participants expect the interest rate to remain unchanged and a small percentage anticipate a rate cut by the US central bank.
Also read: Federal Reserve Preview: Powell set to lift US Dollar by leaving door open to more hikes
According to the CME Fed Watch Tool, there is a 98% probability that the US Ccentral bank will leave interest rates unchanged on November 1. In September 2023, Bitcoin price noted no stark movements as the Fed left interest rates unchanged. A similar outcome is expected, in response to the Federal Reserves November 1 decision.
CME Fed Watch tool and expectation of interest rate hike
Bitcoin price could witness short-term volatility, with BTC hovering close to the $34,400 level. BTC is likely to momentarily retraceits weekly gains of 4.33%, a recovery in the assets price could follow soon after.
Bitcoins rally is largely driven by the anticipation of a spot BTC ETF approval by the US financial regulator Securities and Exchange Commission (SEC). The SECs decision could therefore influence BTC price directly, as opposed to unchanged interest rates.
Market participants believe that there is a 1.8% probability of an interest rate cut. In the event of a rate cut, risk assets like Bitcoin and altcoins are expected to rally. Typically, a rate cut makes it cheaper to borrow funds and engage in leveraging risk assets like Bitcoin for gains. An increase in demand and inflow of funds to the asset likely drive prices higher.
It is important to note that the interest rate cut is highly unlikely. Investors are focused on Fed Chair Jerome Powells speech to identify whether more interest rate hikes are on the horizon.
Yohay Elam, lead analyst at FXStreet analyzed the Feds interest rate decision and the possibility of future rate hikes in his post here. Elam notes that the Federal Reserve's overnight rate stands at a range of 5.25%-5.50%, above both measures of inflation. The US Central bank has slowed the pace of its rate hikes and settled for one interest rate increase in the past three meetings.
While market participants expect another no change decision from the US Fed, the Central bank left room for another hike in 2023. Elam says,
The bank's dot plot showed a target of 5.6% by year-end, leaving the door open to another move. With no new forecasts at this juncture, Fed Chair Jerome Powell will likely insist on another move, leaving his options open. One reason to do that is the buoyant jobs market.
Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization are hovering around crucial levels, ahead of the banks decision on Wednesday. Bitcoin price sustained above $34,400 while Ethereum is trading above its $1,800 psychological level.
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US Fed interest rate preview: Two scenarios for Bitcoin and Ethereum prices - FXStreet