Category Archives: Ethereum
OKBChain Will Be an L2 Chain of Ethereum, Says OKX Founder By … – Investing.com
OKX exchange founder Star Xu hinted on February 16, 2023, about the unveiling of a new OKBChain, which will be launched in Q1. He also stated at that time that the new chain will be independent of the current OKXChain, Xu also mentioned that it will be launched in Q1.
In a reply to a user on when the testnet will launch, Xu mentioned that the launch can be expected soon. Another Twitter user had a query regarding whether OKBChain and OKT will be different or under a single umbrella. Xu put out a tweet to clarify how the new chain will work.
Xu addressed the fact that OKT Chain will continue to be an L1 chain. He also added that the OKB Chain will be an L2 chain of Ethereum. Xu also added that it will start with side-chain technology and develop into ZK technology. He also stated that both OKTC and OKBC are part of the OKX core chain strategy.
Following the announcement, OKB saw a 33% spike in value. At press time, OKB is trading at $47.19, representing a 2.2% drop in value over the last 24 hours. OKB is up by 10.35% in the last seven days.
The price of OKB has experienced an upward trajectory attributed to various pivotal factors, with a notable influence being the recent declaration by OKX pertaining to its augmented collaborations with Filecoin EVM.
Filecoin provides universal access to data storage and retrieval on the internet, while the Ethereum Virtual Machine serves as an execution framework that facilitates the deployment and operation of arbitrary code on a blockchain.
The post OKBChain Will Be an L2 Chain of Ethereum, Says OKX Founder appeared first on Coin Edition.
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OKBChain Will Be an L2 Chain of Ethereum, Says OKX Founder By ... - Investing.com
SECs Gary Gensler wants Proof-of-Stake Ethereum to be regulated as a security, will traders turn to ETHW? – FXStreet
US Securities and Exchange Commission Gary Gensler recently reiterated that Proof-of-Stake cryptocurrencies like Ethereum may be securities. These statements from regulators have fueled an uncertainty among crypto market participants.
Also read: Ethereum layer-2 Arbitrums most awaited airdrop of 2023 is expected on March 23
The Securities and Exchange Commission Gensler commented on intensified scrutiny of Proof-of-Stake (PoS) cryptocurrencies. Gensler reiterated that PoS tokens like Ethereum may be securities as these coins are promoted by creators, offering returns.
Gensler said during an open meeting of the SEC on Wednesday,
I would suggest that each of these token operators, obviously consulting with the appropriate talent, seek to come into compliance.
Developers behind Ethereum Proof-of-Work (PoW) recently shared a proposal for the formation of an All-In-One Ecosystem DAO- EthereumPoW one.
Since the inception of the PoW project, NFTs and DeFi protocols have emerged in the ecosystem. Through these projects, PoW developers witnessed potential in the EthereumPoW ecosystem.
To encourage developers, projects and investors to participate in developing the EthereumPoW ecosystem, the team behind ETHW proposed the establishment of the DAO.
Ethereum Proof-of-Work token ETHW is gaining relevance and popularity in the crypto community. The token offered 4% gains since March 16, and ETHW climbed nearly 11% over the past week.
US regulators stance on PoS tokens and Ethereum is one of the drivers of rising market share and demand for ETHW.
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Playboy Lost $4.9M on Ether It Accepted as NFT Payments – CoinDesk
PLBY Group (PLBY), the parent company of the late Hugh Hefner's Playboy enterprise, said it took an impairment loss of $4.9 million on the ether (ETH) it held last year, as crypto winter created a significant decline in the broader market prices.
The lifestyle and media company said it accepted ether as payments for its Rabbitars non-fungible tokens (NFT) launched in 2021, which it holds in its balance sheet as digital assets, according to an annual filing on Thursday. The value of the digital assets sits at $327,000 as of last year, the filing said.
A previous filing shows the company's digital assets, which it refers to as Ethereum, were worth $1.75 million as of Sept. 30, 2022.
The company explained that the company accounts for its digital assets as indefinite-lived intangible assets, which are subject to impairment losses if the fair value of the assets fall below their carrying value, at any time. The impairment losses the company takes on the digital assets cant be recovered, even if the fair value of the assets rise after taking the impairment losses.
The market price of one [ether] in our principal market ranged from $964 to $3,813 during the year ended Dec. 31, 2022, but the carrying value of each Ethereum we held at the end of the reporting period reflects the lowest price of one Ethereum quoted on the active exchange at any time since its receipt, according to the filing. "Therefore, negative swings in the market price of Ethereum could have a material impact on the company's earnings and carrying value, while only time a rise in prices will impact the companys earnings positively, is when the Ethereum held in the balance sheet, are sold at a gain," the filing said.
The company launched its Rabbitar NFT project in October 2021, during the peak of the crypto market. Ether, the native token of the Ethereum blockchain, lost about 60% in value since October 2021, according to TradingView data.
Earlier in 2021, Playboy entered into NFT and blockchain technology industry with its NFT drop called Liquid Summer, which is a collection of digital artworks created in collaboration with the artist Slimesunday. The collection, which minted in May 2021, features archival photographs of Playboy model Lenna Sjblom the so-called First Lady of the Internet.
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Playboy Lost $4.9M on Ether It Accepted as NFT Payments - CoinDesk
Crypto community with 88% historical accuracy sets Ethereum price … – Finbold – Finance in Bold
The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices.
The financial sector in the United States has been rocked by the failure of many banks and financial institutions in the previous week, notably Silicon Valley Bank and Silvergate Bank. In response, Bitcoins (BTC) value jumped from a low of $19,736 last week to its current level of $24,835, carrying the broader crypto market up with it.
For instance, Ethereum (ETH), the leading smart contract platform and second-largest cryptocurrency by market cap fortunes, now look bullish after rebounding from last weeks low of $1,379 to regain support at $1,600 as it tests resistance at $1,700 midway through the month.
However, despite the bullish turn of events, according to the 1,565 community votes cast by the members of the crypto tracking platform CoinMarketCap by press time, ETH is set to change hands at an estimated average price of $1,560 by March 31, a decrease of -7.67% or -$129.58 to ETHs current price, as per data retrieved on March 14.
It is also important to note that the projections of the crypto community for Ethereum over the last six months have had a historical accuracy of 87.72%, making them a suitable alternative to the price estimates made by the artificial intelligence (AI) platforms that have set a slightly lot lower Ethereum price for the same period at the price of $1,529 by March 31.
Due to the Ethereum Shanghai update, the roughly $28 billion worth of ether that has been staked will begin to become accessible in a few weeks.This supply, which at this time is unable to be withdrawn or sold, will be progressively returned to the public markets, which will affect the price of Ethereum. With that being said, crypto trading analyst Ali Martinez noted that Ethereum whales continue to buy up ETH during the recent market dip:
Ethereum whales with 1,000 to 10,000 $ETH added around 400,000 ETH to their holdings in the recent crypto market dip, worth around $600,000,000.
Regarding Ethereums technical analysis (TA) on the one-day gauges over at the finance monitoring website TradingView are very bullish. Its summary aligns with the strong buy sentiment at 16, which results from moving averages (MA) pointing at strong buy at 14, and oscillators in the buy area at 2.
Ethereum is now testing resistance at $1,700, trading at $1,688; it is up 6.41% in the last 24 hours.
Over the last week, ETH is up 8%, with a total market capitalization of $210 billion.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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Crypto community with 88% historical accuracy sets Ethereum price ... - Finbold - Finance in Bold
Three Ethereum alternatives that every Crypto Investor should consider in the ongoing Bear Market Chainlink, Polygon and Big Eyes Coin – Euro Weekly…
Ethereum (ETH) is one of the most popular altcoins in the cryptocurrency industry. It is second only to Bitcoin (BTC) in terms of market cap, relevance and other determining factors within the industry. As such, the token is a favourite of crypto investors and traders as its position within the industry ensures that it generates the most revenue alongside Bitcoin (BTC). At the height of the ongoing bear market, Ethereum (ETH) was one of the cryptocurrency industrys biggest losers, and it dipped by a considerable amount within the crypto market. However, thanks to the recent crypto pump, the token has recovered within the crypto market and is currently experiencing an upward trajectory.
However, since the bear market is far from over, crypto investors may understandably be reluctant to invest in the token, which creates the need for alternatives. What cryptocurrencies can investors consider aside from Ethereum (ETH) that can generate similar profits in the ongoing bear market? This piece suggests three cryptocurrencies that could be ideal Ethereum (ETH) alternatives in the current climate and beyond. Heres all you need to know about Chainlink (LINK), Polygon (MATIC) and Big Eyes Coin (BIG).
Following what can only be described as an extremely poor year, LINK, the native cryptocurrency of the Chainlink crypto platform, is on an upward trajectory within the crypto market and could be an ideal long-term cryptocurrency investment option for crypto investors in the current climate. LINK plays an integral role in the Chainlink ecosystem and provides value and facilitates crypto operations, such as network governance, user interaction and payment fees. The Chainlink (LINK) platform is notable for speed, interoperability, scalability and efficiency and is a major player within the data processing industry. With instant finality, it can push through 15,000 transactions per second (tps) at just $0.0001 each.
LINK is a highly attractive cryptocurrency within the industry and is listed on prominent crypto platforms, such as Binance, Coinbase and Huobi Global.
Following a poor year, Ethereum (ETH) scaling and infrastructure development platform, Polygon (MATIC), looks back on track within the crypto market. The platform is reputable for enabling developers to build optimistic rollup chains and other kinds of infra. Its native cryptocurrency, MATIC, provides value within its ecosystem and facilitates crypto operations, such as network governance, user interaction and payment fees. MATIC is a highly attractive cryptocurrency benefitting massively from the recent spell of bullish activity within the crypto market. The token is currently on an upward trajectory and could provide massive returns for crypto investors in the current climate.
MATIC is a top twenty cryptocurrency with stocks on Binance, Coinbase and other prominent crypto platforms within the industry.
Big Eyes Coin (BIG) is the Ethereum (ETH) based meme coin that is generating a huge buzz within the global crypto community. The token is part of a next-generation meme coin project that crypto analysts believe can have the same kind of impact as meme coin giants, such as Dogecoin (DOGE) and Shiba Inu (SHIB). It has raised over $20 million in presale since its launch and is an ideal cryptocurrency that could yield massive returns for both seasoned crypto investors and newbies.
Big Eyes Coin (BIG) is still on presale and could be a valuable portfolio addition in the current climate. For more information on the token, click these links.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOF
Sponsored
WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido
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Why Ethereum will emerge victorious in the ongoing bull rally as Tether mints $2 billion USDT – FXStreet
Tethers recent mint of a billion USDT tokens might have momentarily caused FOMO among participants, but crypto markets quickly came to terms after clarifications from its CTO. Investors need to be cautious as matters could get dicey in the coming days due to the chaos caused by the collapse of traditional finance banks.
Also read:Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bullish momentum fades for BTC and ETH, XRP suffersSVBwoes
Tether minted a whopping $1 billion in USDT on Ethereum and TRON blockchains on March 15. The largest stablecoins market capitalization went from $72.1 billion to $74.6 billion between March 12 and March 14.
Over the last few weeks, USDT seems to be taking the front and center stage but not because of a lawsuit or FUD, but because other US-based stablecoins are taking hits due to the collapse of three banks in the United States.
To put things into perspective, Tethers market capitalization has skyrocketed from $66 billion at the start of 2023 to $73.6 billion as of March 15, denoting an addition of more than $7 billion.
Tethers CTO Paolo Ardoino clarified that the $2 billion minted on Ethereum and TRON blockchains were not issued transactions. He added,
this amount will be used as inventory for next period issuance requests and chain swaps.
The bankrupt crypto lender Voyager continues to offload its Ethereum holdings over the last few weeks. The latest sell orders suggest that the defunct company has sold a total of 130,000 ETH, worth roughly $220 million, valued at $1,700 per token.
This leaves the crypto lender with 17,000 ETH, worth roughly $29 million at the current price levels.
Voyagers ETH wallet balance
Also read:Ethereum holders could be in trouble if Voyager sells $151 million ETH in its holdings
With markets in turmoil, certain investors succumb to panic while others perceive the disorder and uncertainty as an opportunity. Binance CEO, Changpeng Zhao (CZ), seems to have taken the old adage, never let a good crisis go to waste, to heart as announced the conversion of $1 billion in Industry Recovery Fund into Bitcoin, Ethereum and Binance Coin.
To recap,
Considering these aspects, one can conclude that the buying pressure, although not here yet, is waiting to be triggered. Ethereum has a special reason to rally quicker and higher than most cryptocurrencies due to the aforementioned facts.
If macroeconomics is to be poured into the mix, investors will only get more bullish. The US year-on-year Consumer Price Index (CPI) print on March 14 was 6.0%as forecasted. It came in lower than Januarys 6.4%, suggesting disinflation.
A reduction in inflation would ease the pressure on the US Federal Reserve to raise interest rates at a faster pace. As a result, investors might have already priced in the 25 basis points (bps) hike for March. If true, then the worst is behind us and the bull rally is ready to resume.
However, not everything is certain, and things could change due to the chaotic nature of the markets and macroeconomic conditions. Therefore, investors should exercise caution even if they are bullish.
Also read:US inflation rate comes in at 6%, meets expectations; Bitcoin price climbs above $25,000
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Bitbuy Announces "Bitbuy Boosts" Ethereum Reward Program – WonderFi Technologies (OTC:WONDF) – Benzinga
Toronto, Ontario--(Newsfile Corp. - March 20, 2023) - WonderFi Technologies Inc. (TSX:WNDR) (OTCQB:WONDF) (WKN: A3C166) (the "Company" or "WonderFi") is excited to announce the upcoming launch of a groundbreaking Ethereum rewards program for Bitbuy Technologies Inc. ("Bitbuy") users. Called "Bitbuy Boosts", the program, which is expected to go live on April 1, 2023, will be the first of its kind in Canada for a registered crypto trading platform.
Under this innovative rewards program, users will be able to earn up to 5% in rewards yearly in Ethereum (ETH) by maintaining a minimum monthly cash balance in their account while remaining an active user on the Bitbuy crypto trading platform.
"We are thrilled to be launching this rewards program for Bitbuy users," said Dean Skurka, Interim CEO of WonderFi. "This program advances our efforts to educate users on our products and blockchain technology and digital assets in general."
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Bitbuy, a subsidiary of WonderFi, is a leading cryptocurrency exchange that offers its users trading and staking for a wide range of digital assets, including Bitcoin, Ethereum and more. With this new rewards program, Bitbuy intends to drive greater engagement with its products and build a stronger community.
As Skurka explains, "We see this rewards program as just the beginning of what we hope to be a more engaging experience for Bitbuy users, while giving our users access to high quality financial products."
The launch of this Ethereum rewards program comes on the heels of Bitbuy's successful launch of cryptocurrency staking in late 2022 which has seen a 30%+ adoption rate among active monthly users.
To learn more about the upcoming Bitbuy Boosts program visit bitbuy.ca/boosts.
WonderFi Technologies Inc.President and Interim CEO, WonderFiDean Skurkadean.skurka@wonder.fi
Media Contact:Binu Koshy, Communications Directorbinu@wonder.fi
ABOUT WONDERFI
WonderFi is a leading technology company with the mission of creating better, unified access to digital assets through centralized and decentralized platforms. WonderFi's executive team and Board of Directors have an established track record in finance and crypto. WonderFi's core team of engineers and technologists believe that everyone should have equal access to finance, and are aligned in the mission to empower people around the world to access finance in a simple, smart and secure way. For more information, visit http://www.wonder.fi.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "estimated", or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability of the Company to earn and pay rewards, the ability of the Company to meet its expected go-live timing for the rewards program, any additional regulatory or other approvals which may in the future further become required in connection therewith, the ability of the Company to work effectively with its partners and changes in general economic, business and political conditions. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. A more fulsome description of risk factors that may impact our business, financial condition and results of operation is set out in our management's discussion and analysis and financial statements for the for the period ended September 30, 2022, as well as our annual information form, available on SEDAR.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
The Toronto Stock Exchange has not approved or disapproved of the information contained in this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159047
2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Ethereum Price Regains Strength, Indicators Suggest High Chances of Upside Break – NewsBTC
Ethereum price moving higher above the $1,640 resistance zone against the US Dollar. ETH must surpass $1,660 and $1,700 to gain bullish momentum.
Ethereum price declined again below the $1,620 level, but the bulls were active near the $1.600 support zone. ETH traded as low as $1,597 and recently started a fresh increase, similar to bitcoin.
The price climbed above the $1,620 and $1,630 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $1,665 swing high to $1,597 low. Besides, there was a break above a major declining channel with resistance near $1,640 on the hourly chart of ETH/USD.
Ether price is now trading above $1,640 and the 100 hourly simple moving average. It is also above the 76.4% Fib retracement level of the downward move from the $1,665 swing high to $1,597 low.
Source: ETHUSD on TradingView.com
On the upside, the price is facing resistance near the $1,665 level. The first major resistance is near the $1,680 zone. The next major resistance is near the $1,700 zone. A close above the $1,700 resistance zone might start a steady increase towards the $1,740 level. Any more gains might open the doors for a move towards the $1,800 level.
If ethereum fails to clear the $1,665 resistance, it could start another decline. An initial support on the downside is near the $1,640 level.
The next major support is near the $1,600 zone. If there is a break below $1,600, the price might gain bearish momentum and decline towards the $1,565 support. Any more losses might call for a test of the $1,500 level.
Technical Indicators
Hourly MACD The MACD for ETH/USD is now gaining momentum in the bullish zone.
Hourly RSI The RSI for ETH/USD is now above the 50 level.
Major Support Level $1,600
Major Resistance Level $1,665
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Ethereum Price Regains Strength, Indicators Suggest High Chances of Upside Break - NewsBTC
Ethereum Rises Above This Key Level; Immutable Emerges As Top Gainer – Benzinga
March 17, 2023 11:35 AM | 1 min read
Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading belaboveow the key $26,000 level on Friday.
Ethereum (CRYPTO: ETH) also moved higher, trading above the $1,700 mark this morning.
The University of Michigan consumer sentiment fell to 63.4 in March from 67 in the previous month.
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Immutable (CRYPTO: IMX) was the top gainer over the prior 24 hours, while Kava (CRYPTO: KAVA) turned out to be the biggest loser.
At the time of writing, the global crypto market cap rose to $1.13 trillion, recording a 24-hour gain of 4.2%. BTC was trading higher by 6% at $26,374, while ETH rose by around 3.2% to $1,714 on Friday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Price: $1.4024-hour gain: 18.1%
Price: $1.0524-hour gain: 14.6%
Price: $0.328424-hour gain: 13.6%
Price: $0.226824-hour gain: 11.1%
Price: $0.446124-hour gain: 9.6%
Price: $0.99524-hour drop: 2.6%
Price: $0.151524-hour drop: 2.1%
Price: $711.6124-hour drop: 2.1%
Price: $4.1824-hour drop: 1.9%
Price: $2.3924-hour drop: 1.9%
Read This Next: Allbirds And 3 Other Stocks Under $2 Insiders Are Aggressively Buying
2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Ethereum Rises Above This Key Level; Immutable Emerges As Top Gainer - Benzinga
Cardano Whale Transactions on the Rise As the Ethereum Competitor Continues To Dominate Development Activity – The Daily Hodl
Whale-sized transactions of the leading Ethereum (ETH)-competing blockchain Cardano (ADA) are on the rise, according to a popular crypto analyst.
Ali Martinez tells their 21,600 Twitter followers that Cardano transactions exceeding $100,000 are increasing, which indicates institutional investors and ADA whales increasing engagement.
The volume of large ADA transactions exceeding $100,000 on the Cardano network is on the rise!
This trend indicates institutional investors and ADA whales increasing engagement, shedding light on their investment strategies.
ADA is worth $0.324 at time of writing. Cardano is up 0.28% in the past 24 hours and nearly 5% in the past week. The seventh-ranked crypto asset by market cap is also up nearly 30% since the start of 2023.
Despite the price recovery this year, ADA remains more than 89.5% down from its all-time high of $3.09, which it hit in September 2021.
In addition to increasing whale transactions, Cardano also tops the charts in terms of weekly development activity on the development hosting platform GitHub.
The pseudonymous crypto analyst Bagsy shared a chart earlier this week through the Twitter account ProofofGitHub that indicated Cardano was leading all other crypto projects in that regard.
ProofofGitHub is powered by the crypto analytics firm Santiment.
Santiment has said that a high amount of development activity happening in a blockchain ecosystem can signal that people believe in its future.
Interoperability blockchain Polkadot (DOT) and its sandbox Kusama (KSM) tied for second in terms of weekly GitHub development activity, according to ProofofGitHub. Ethereum placed third.
Generated Image: Midjourney
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