Ethereum Tests $500 as ETH2.0 Deposits Hit 20% of 524,288 ETH Needed

Quick take: Ethereum finally retested $500 before falling back down to $490 levels This feat was accomplished as the ETH2.0 deposits hit 20% of the required 524,288 ETH for Phase 0 to kick-off Investors could increase the rate of their 32 ETH deposits as December 1st draws closer Consequently, ETH could rally a second time above $500 The digital asset of Ethereum (ETH) has finally broken the $500 price ceiling to set a 2020 high of $501.84 – Binance rate. Ethereum last experienced these price levels in June of 2018…

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ChainLink (LINK) Replaces BCH on CF Benchmarks’ Ultra Cap 5 Index

Quick take: CF Benchmarks has revised its Ultra Cap 5 cryptocurrency index ChainLink (LINK) has been added to the index, replacing Bitcoin Cash (BCH) The addition of ChainLink will be made official on the 27th of November BCH recently experienced a contentious hard fork and could be one reason for the switch LINK has also maintained its position in the top 5 digital assets according to market capitalization The digital asset of ChainLink (LINK) will be added to CF Benchmarks’ ULTRA CAP 5 index, displacing Bitcoin Cash in the process.…

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ChainLink Will Eventually Be Classified as a Security – Zeus Capital

Quick take: Zeus Capital has once again targetted the ChainLink project claiming the team carried out an unregistered securities offering They claim the founders of ChainLink promised investors that the value of LINK was going to go ‘vertical’ Additionally, ChainLink founders control much of the ecosystem as is usually the case with a security Timothy Peterson has pointed out that the lawsuit against Chainlink might be Zeus Capital attempting to recoup losses after unsuccessfully shorting LINK The team at Zeus Capital has ramped up their accusations against ChainLink (LINK). The…

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Tron’s (TRX) Total Transaction Volume in October Surpasses Ethereum’s

Quick take: In the month of October, Tron and Ethereum generated $280 million and $159 Million in transaction volume respectively  Tron’s daily active addresses increased by 248% in the month of October Ethereum’s daily active addresses rose by 10% in the same time period TRONCHAIN and TRON2GET were the 2 Dapps behind Tron’s impressive growth The month of October has been an active one for the Tron (TRX) network. According to DappRadar’s most recent DeFi and Exchanges report, the Tron network generated a total of $280 million in transaction volume.…

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Ethereum Fdn. Launches Community Grant Program to Support ETH2.0 Dev.

Quick take: The Ethereum Foundation is calling on developers to help build the ETH2.0 Ecosystem This will be in the form of community grants ETH2.0 mainnet deposit address is live with Phase 0 staking currently at 13.61% Mid-last week, the Ethereum Foundation announced that it was launching a Community grants program geared towards building the ETH2.0 staking and validator ecosystem. The Ethereum Foundation went on to explain that there was more work to be done and the Ethereum developer community was an essential cog of the process. The Ethereum Foundation…

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Percentage of Ethereum Held on Crypto Exchanges Drops to a 2 Yr Low

Quick take: The percentage of Ethereum being held on crypto exchange is at 13.35% of the total supply in circulation This value is the lowest since November 23rd, 2018 DeFi and preparation for ETH2.0 staking could be two reasons why this is so It could also indicate that whales are least likely to dump their ETH, at least in the short term The amount of Ethereum (ETH) held on crypto exchanges is currently at 13.35% of the total circulation supply. This is according to on-chain data by the team at…

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Zeus Capital Offers $100k For Info on ChainLink’s ‘Illicit Practices’

In brief: Zeus Capital has launched a rewards program seeking information on ChainLink’s ‘manipulative and illicit practices’ The reward has been capped at $100k for sufficient information Zeus Capital is preparing a class action suit against ChainLink They claim the project has been spreading misleading information and manipulating the price of LINK The team at Zeus Capital has launched a rewards program for the ‘provision of information of ChainLink’s manipulative and illicit practices’. The reward has been capped at $100,000 for sufficient information regarding what Zeus Capital claims as ‘misleading…

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Crypto Exchanges Should Run Their own Ethereum Nodes – Bitfinex CTO

Quick take: Bitfinex’s CTO has suggested that crypto exchanges should run their own Ethereum nodes His comments were a recommendation after Ethereum’s infrastructure provider, Infura, went offline Crypto exchanges were temporarily forced to suspend ETH and ERC20 token withdrawals after a chain split occurred The root cause of the Ethereum chain split has been identified as an introduction of new code without a proper consensus A fix has been implemented by Infura Bitfinex and Tether’s CTO, Paolo Ardoino, has suggested that crypto exchanges should run their own Ethereum (ETH) nodes.…

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ChainLink’s Rising Wedge Could Result in LINK Dropping Back to $12

Quick take: ChainLink is currently printing a rising wedge pattern on the lower time frames A resolution of this wedge could result in LINK dropping to the $12 support area If $12 fails, ChainLink could very well be on a path towards retesting $10 However, from the daily chart, LINK is still exhibiting considerable bullishness with a retest of the $14 to $15 price area still a possibility ChainLink is once again above $13 in a move that could open LINK to the $14 to $15 price area. However, the…

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Yearn Finance (YFI) Transaction Count Hits New All-Time High of 11.3k

Quick take: The Yearn Finance (YFI) ecosystem is once again showing signs of life Yearn Finance’s transaction count hit a new all-time high of 11.3k on the 7th of November YFI has rebounded hard from a local low of $7,450 YFI value has once again exceeded that of Bitcoin at its current rate of $18,400 From the beginning of Q4 2020, popular DeFi tokens such as Yearn Finance (YFI) have been continuously losing value as Bitcoin stole the show and posted a 2020 high of $15.950 on the 6th of…

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