Category: Ethereum News

Quick take: Bitcoin (BTC) has once again reclaimed $9,000 with 5 days until halving.  Pantera Capital’s CEO, Dan Morehead, sees a scenario where BTC hits $115,212 by August 2021.  His analysis is based on the change in the stock-to-flow ratio across each halving.  The hype and excitement surrounding the Bitcoin halving event is once again evident in the current price of BTC. At the time of writing this, Bitcoin has just broken both the $9,000 and $9,100 resistance levels and is trading at $9,261 with 5 days until halving. A…

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In brief: In a recent tweet, the team at BitTorrent (BTT) has highlighted why the BTFS file system is better than Filecoin (FIL).  The teams behind both projects have been throwing jabs at each other ranging from accusations of plagiarism and going as far as claiming the other is ‘vaporware’. Filecoin’s (FIL) Mainnet is set to be launched between mid-July and mid-August.  In a recent tweet, the team at BitTorrent (BTT) highlighted why its BTFS file system is better than Filecoin (FIL). The tweet showcased how the BTFS system has…

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In brief: Robinhood has secured $280 Million Series F funding after an $8.3 Billion valuation.  The funding will drive a push to expand the platform globally.  Robinhood also plans on scaling the platform and offering more products to users.  The team at the popular trading platform of Robinhood has announced that the firm has secured $280 Million series F funding after an $8.3 Billion valuation. The round of funding was lead by Sequoia Capital which is an existing investor of Robinhood. Other existing and new investors that participated in the…

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The fully-decentralized network of stablecoins, PegNet, announces the launch of the first mobile wallet for Android users to easily convert pegged asset tokens. PegNet wallet hosts 42 stable pegged asset tokens of the top fiats, cryptocurrencies, and commodities gold and silverPegNet is the first proof-of-work oracle-based stablecoin network for DeFiFixed $0.001 cost for all transactions and conversions within the PegNet system PegNet community launches the first mobile wallet for users on the android app store. Cryptocurrency users now have the ability to convert pegged stable asset tokens and the native…

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In brief: Everyone was shocked when US Oil prices hit zero and global futures contracts fell hard into negative territory.  Such an event had not been anticipated by the team at the EMX exchange.  The team halted trading of its USOIL-Perp contract.  Trading of the perpetual contract is yet to be reopened as the team decides on a way forward. Yesterday’s price movement of US Crude Oil shocked everyone. The majority of traders were confident that the price of the precious commodity would not break the various support zones that…

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In brief: The price of US Crude oil fell hard to $0 with its futures contracts going as far down as $-40. The once in a lifetime event, shook the crypto markets with Bitcoin (BTC) going back below $7,000. At the time of writing this, the price of Ethereum (ETH) is holding the $168 support zone. Analysts across the world have constantly been calling for a recession but no one was prepared for yesterday’s (April 20th) price action of US Crude Oil. The commodity fell hard to $0 per barrel…

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In brief: A new report by eToro and The Tie shows that the number of Twitter users discussing XRP has fallen drastically.  The report also indicates that members of the XRP army have continued to decline since January 2018.  The new stats could indicate a continuous trend of capitulation by XRP investors.  Times have drastically changed for XRP since the exciting days of late 2017 and early 2018. Back then, XRP was also known as Ripple and the company had yet to issue a statement explaining that the two were…

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In brief: On the 19th of April, the Tron network recorded its highest daily increase in new accounts. This feat was noticed by a senior Tron Community member. Justin Sun was baffled by the sudden increase. However, it could be due to the Just (JST) token scale next month and the allure of staking TRX. The Tron (TRX) network has continued to run smoothly since its mainnet was launched in mid-2018. Additionally, the number of total accounts on the network has reached a staggering 5.353 Million at the time of…

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In brief: The Coronavirus crash of mid-March has resulted in a lot of crypto traders being cautious.  The dominance of stablecoins is proof that they are waiting for favorable crypto conditions to get back to trading.  Staking crypto on the various exchanges has provided an alternative to trading and/or storing value in stablecoins.  The Bitcoin (BTC) and crypto market crash of mid-March was one event that not too many traders believed would happen. The majority of Bitcoin enthusiasts believed that the hype surrounding the Bitcoin halving event would provide much-needed…

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In brief: Bitcoin (BTC) encountered massive resistance as it tried to break $7,300.  At the same time, its trade volume has been dropping together with its dominance in the crypto markets.  In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto was on a slow and tense journey towards $8,000. We also identified a few support zones that include $7,050, $6,900, $6,800 and $6,600. Why $7,050 is the Level to Watch During Bitcoin’s Weekly Close Further analyzing the aforementioned support zones,…

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