Digital asset manager Grayscale continues to amass more and more Bitcoins as the Grayscale Bitcoin Trust (GBTC) clocks over $10 billion of assets under management (AUM). In the latest update, Grayscale notified that the total assets under management have also moved past $12 billion meaning the GBTC contributes a whopping 83% of its total value.
Ethereum is on the cusp of a breakdown to $520 after losing support above $600. Ether bulls must defend the support at the ascending parallel channel’s lower boundary to avert the brewing losses. Ethereum was blasted to new yearly highs above $600 earlier this week. The majestic move shined a light on the altcoin season
The Ethereum 2.0 launch remains the hot topic of discussion within the Ethereum community. Earlier this month, Ethereum developer Afri Schoedon launched deposit contracts for Ethereum 2.0. As per the latest developments, the deposit contracts have crossed the half-way mark of the minimum milestone of 524,288 ETH for the Ethereum 2.0 Beacon Chain to go
Advanced Blockchain AG, a German Blockchain as a Service (BaaS) provider is gearing up to offer yield farming to its client through its crypto subsidiary nakamoto.to, reported DGAP news. Advanced Blockchain was also the first blockchain company to get listed on Deutsche Börse-Operated Xetra Exchange. The decision to include yield farming by nakamoto.io indicates the
In a major development, the United States Securities and Exchange Commission (SEC) has given its approval for the Grayscale Ethereum Trust (ETHE) as the first public quoted ETH investment product in the country. Thus, shares of the Grayscale Ethereum Trust shall be quoted on the top OTC marketplace OTCQX, under the ticker symbol ETHE. We're
ETH 2.0 is slated for the launch of its Beacon Chain on December 1st, 2020 that would mark the commencement of Phase 0 of ETH 2.0 rollout. Phase 1 and Phase 2 rollout are believed to commence by 2021 end. Ethereum’s transition from a Proof-of-work mining consensus to a Proof-of-stake mining consensus is being dubbed
ETH 2.0, the new Proof-of-Stake-based blockchain system is gearing up for the official launch of Beacon Chain to commence Phase 0 of the ETH 2.0 rollout. However, in order for the official launch on December 1st, there should be at least 16,384 validators on board by November 24th, where each validator must stake 32 ETH.
While Bitcoin (BTC) is on a roll hitting new 2020 highs, Ethereum (ETH) is following the cue. At press time, Ethereum (ETH) is trading at a price of $491 with a market cap of $55 billion. The world’s second-largest cryptocurrency is eyeing an imminent breakout above $500 levels. With a closing above the $488, market
Ethereum’s community is eager for the launch of Ethereum 2.0, likely to happen before the end of the year. The bullish narrative to $500 is likely to hold water, especially if ETH/USD closes above the 50 SMA. Ethereum price is trading bullishly within an ascending parallel channel, following crucial support at $440. The largest altcoin
Ethereum is all set to make the transition to Proof-of-stake-based ETH 2.0 in a fortnight and as the days of the official launch nears, the anticipation around the launch is only rising. Vitalik Buterin, the co-founder of Ethereum has dubbed the transition as the biggest update for the Ethereum network since its launch. What Led
Ethereum rebounded from support at $420 after rejection at $470. ETH/USD is looking forward to a symmetrical triangle breakout to $500 amid the ongoing consolidation. Ethereum bulls have in the last couple of days been working around the clock to ensure that formidable higher support is formed. The focus on the support comes after ETH/USD
Ethereum has rebounded from its weekend dip to add 8% reaching a high of $460 during Asian trading on Monday. Industry analysts are targeting $600-$800 for the next leg up should the rally continue. Cryptocurrency markets took a bit of a dive over the weekend with a $20 billion loss in total market capitalization as
Bitcoin over the past week has broken key resistance of $15,000 and currently positioned to surpass its 2017 all-time-high of $20k. At the same time, altcoins have suffered dearly as it seemed that people were moving funds to bitcoin in the ongoing bullish burst. However, the second-largest cryptocurrency by market cap Ether (ETH) is gaining
Ethereum price extended the majestic rise above $400 to $440, but bulls focus on $500. Ethereum 2.0 launch nears as investors rush to accumulate in anticipation of the price rallying to $1,000. The largest altcoin rallied past $400 on Thursday, suggesting that its correlation with Bitcoin is still relatively high. At the time, Bitcoin settled
The long-awaited initial stages of the ETH 2.0 launch began on November 4 as the official staking deposit contract went live. Ethereum prices reacted with a 5% pump to top $400 again. The highly anticipated deposit smart contract launch introduced the ability for ETH holders to deposit 32 Ether required to participate in staking by
Ethereum embraced support at $380 after a rejection from $400. ETH/USD must continue to hold onto the 200 SMA support; otherwise, losses could extend to $340. Ethereum approached $400 over the weekend but made little progress on Monday, leaving bears to take control over the price. The smart contract token plunged to $380 in an
The Ethereum network has registered a recent jump in ETH HODLers as the active supply for ETH has reached a 17-month low of 14,731,616.765 ETH. This clearly shows the rising confidence for Ethereum among investors indicating a bull movement for the world’s second-largest cryptocurrency. 📉 #Ethereum $ETH Active Supply 6m-12m (1d MA) just reached a
Ethereum retakes the position above $400, following an impressive recovery from $370. ETH/USD is the bulls’ hands, as reinforced by the RSI and the Bollinger bands. Ethereum hit October highs at $420 but retreated to support provided by the 100 Simple Moving Average (SMA) marginally above $370 in the 4-hour range. Towards the end of
Another day, another attack. This time it was on ETHUSD Perpetual Futures on Binance’s platform. Addressed by Aaron Gong, who happens to be the Vice President [VP] of Futures at Binance, stated that the user involved in the apparent attack not only caused losses to his rival but also lost of money himself. It is
Ethereum dives from highs above $400 to refresh support at $380. ETH/USD is mainly in the bears’ hands and could resume the downtrend to retest the 200 SMA. The smart contract giant has traded above $400 a couple of times this week. The initial time, ETH tested the resistance at $420 but retreated to $380.