Features Crypto News by Thebittimes.Com

The US government has officially recognized three blockchains, including Bitcoin, Ethereum, and Cardano, as “mature blockchains.” This has led the world to witness a notable spike in the tokens related to these blockchains, followed by a visible heightened market activity as altcoins continue to perform well in the mainstream domain. That being said, Ethereum (ETH) in particular is showing signs of resurgence, which may help the token soar towards the ambitious $4000 mark. Will Ethereum reclaim its former glory before the currency cycle ends? Let’s find out. Also Read: Exclusive: Bitcoin to Reach $139,000, Ethereum $4,000 in a Few Weeks Bitcoin, Ethereum, and Cardano Labeled As Mature Blockchains By The US Image Source: Watcher Guru The recently introduced CLARITY Act has recognized three blockchains as “mature” chains, with the list including Bitcoin, Ethereum, and Cardano. These chains have been called mature based on decentralization and token distribution elements, inviting an...

The Neiro on ETH price soared 20% in the last 24 hours to trade at $0.07279 as of 4:13 a.m. EST even as trading volume plunged 22% to $48 million. Neiro on ETH Price Analysis: Could a Bullish Breakout Be Imminent? The Neiro on ETH price has been showing signs of potential bullish breakout on the 4-hour timeframe after forming a rounding bottom pattern that prompted the bullish trend, according to data from GeckoTerminal . The bulls aim to maintain their current stance as the price of Neiro on ETH trades above the 50-day Simple Moving Average(SMA). Currently, the 200-day Simple Moving Average (SMA) is acting as its next resistance zone . The Relative Strength Index (RSI), currently at 60, shows signs of a likely downtrend, implying that the selling pressure may be increasing . The Moving Average Convergence Divergence (MACD) indicator shows that the bullish momentum is building up as the blue MACD moves above the orange signal line, forming a bullish crossover.  If bulls pre...

Against the backdrop of a crypto market in freefall, ETH has found itself an unlikely bidder to the tune of $40 million. Crypto positions worth well over a billion dollars have been liquidated in the last 24 hours, per Coinglass’ dashboard, though some suspect the true figure could be much higher. However, one enterprising hacker saw an opportunity in the bloodbath, scooping up ETH shortly before the token bottomed out at around $2,200, according to data from CoinMarketCap. Hack ers bought $ ETH at the bottom after the market dropped! The # Nomad Bridge Exploiter spent 39.75M $DAI to buy 16,892 $ ETH an hour ago and is depositing $ ETH to https://t.co/11PfRBP2j2.https://t.co/8pwhTFSnLw Crypto bridge #Nomad was exploited for ~$200M on Aug 2, 2022.… pic.twitter.com/9id6bxBR14 — Lookonchain (@lookonchain) August 5, 2024 Read more: Cross-blockchain bridges keep breaking as crypto startup Nomad hacked for $190M Blockchain monitor Lookonchain noted on X (formerly Twitter) th...

The cryptocurrency market was in the red on Friday as Bitcoin dipped below the $42,000 mark. Bitcoin is now hovering around $41,300 and could slip below $40,000 if the downturn continues throughout the weekend. The Bitcoin ETF pushed the cryptocurrency market up for a week and is now heading south in the charts. The BTC ETF news acted as a ‘sell the news’ kind of phenomenon as it’s doing little to push Bitcoin’s price up anymore. The cryptocurrency market downturn is also affecting other leading coins like Ethereum, and Shiba Inu among others. Also Read: Shiba Inu [SHIB] Forecasted To Rise 400%: Here’s When Cryptocurrency Market: Will Bitcoin (BTC), Ethereum (ETH), and Shiba Inu (SHIB) Rise Again? Background Image Source: REUTERS/Jeenah Moon Bitcoin is dipping in the charts as the US stock market traded in the red this whole week. The strengthening of the US dollar made the stock market dip leading to top companies printing losses in the charts. The effect a...

Ethereum has been maintaining a sideways movement in the markets for a significant period. The attempts made by the altcoin to surpass the $2,000 mark have not yielded successful results. In a similar vein, despite the applications for Bitcoin ETFs, companies have also begun seeking approval for Ethereum-based ETFs. Regrettably, these efforts have not contributed to an upward trajectory in the asset’s value. According to Glassnode Alerts, investors in ETH were experiencing significant losses. Data further highlighted that the count of profitable Ethereum addresses had dropped to its lowest point in a month, totaling 66.6 million. 📉 #Ethereum $ ETH Number of Addresses in Profit (7d MA) just reached a 1-month low of 66,634,291.452 View metric:https://t.co/9t2b8JZ83s pic.twitter.com/xIPCbLCGY0 — glassnode alerts (@glassnodealerts) August 7, 2023 Also Read: Ethereum: These ETH Futures ETFs Are Awaiting Approval Will Ethereum’s fate change? ...

According to crypto analysis firm Glassnode, Ethereum (ETH) staking deposits have significantly increased after the Shanghai hardfork. The firm highlighted that stakers have become more confident with the new flexibility to unstake their tokens. Glassnode noted that deposit activity reached a high on June 2, with over 13,595 new deposits. The new deposits are worth over 408,000 ETH ($799,643.28). Furthermore, Ethereum staking deposits have significantly outnumbered exchange deposits, which are flat at around 30,000 ETH. The Shanghai hardfork has motivated a fresh wave of #Ethereum staking deposits, as stakers find confidence in this new flexibility. Deposit activity🔵reached a peak on 2-June, recording over 13,595 new deposits (worth over 408k ETH ). For comparison, we can compare this to ETH … pic.twitter.com/Z0nubl0M4r — glassnode (@glassnode) July 4, 2023 Before the Shanghai update went into effect, many were worried that Ethereum would face a market sell-of...

The Binance- Voyager deal has taken several twists and turns lately. Unt ETH ered, the bankrupt crypto lender was focused on selling off its assets and holding stablecoins instead. In the previous month, the defunct crypto currency lender Voyager has managed to pocket $610 million USDC in two different addresses. These funds are the result of the lender’s selloff movement, which incorporated a number of assets including Shiba Inu [SHIB], Ethereum [ ETH ], and Voyager Token [VGX]. Earlier today, blockchain sleuth, Lookonchain noted that Voyager sent out $150 million worth of USD Coin [USDC] to Circle. The firm exchanged the stablecoin for fiat. Voyager transferred 150M $USDC to #Circle for USD cash 6 hrs ago. 2 addresses of #Voyager received a total of ~610M $USDC by selling tokens like $ETH, $VGX, $SHIB, etc. in the past month.https://t.co/sr3B5YFJDa pic.twitter.com/OYe4K7w5Rb — Lookonchain (@lookonchain) March 29, 2023 This wasn’t the first time that Voyager was ...

Coins from the market managed to marginally step out of the bearish woods on Tuesday. The cumulative value of all cryptos elevated by roughly 2% in 24 hours and stood at $836.69 billion at press time. Data from Santiment revealed that market participants were more inclined towards the bullish side of the spectrum than the bearish side. As illustrated below, over the past week, an average of 16,783 mentions [blue] pertaining to “buy, buying, bought, bottom, bottomed, and bullish” were made. On the other hand, social volume encapsulating keywords like “sell, selling, SOL d, top, topped, and bearish” stood comparatively subsided at 6,953 [red]. Source: Santiment According to Santiment, the “euphoric sentiment” was “high” today, with traders showing a “bias” towards the market “turning positive” soon. Quantifying the same, the analytics platform tweeted, “ Euphoric sentiment has surged to a 3-month hig...

The entire crypto market came crumbling down amidst the downfall of the FTX empire. Most assets in the market turned red and encountered significant losses. Ethereum [ ETH ] was certainly one among them. However, the asset managed to stay above $1000. Meanwhile, a dormant wallet was activated after 7 long years . In a recent tweet, Whale Alert revealed that a “dormant pre-mine address” that entailed a whopping 500 ETH was activated after 7.3 years. About 499.99 ETH worth $631,727 was transferred to another wallet. It should be noted that the fee for this transaction was 0.002830624553484 ETH or $3.57. Source Following this, a plethora of speculations about the individual behind the wallet began pouring in. While several noted that 500 was a dainty number that wouldn’t really move the market, a few others suggested that this wasn’t a whale alert. A majority of them predicted that this was Ethereum co-founder Vitalik Buterin’s latest move. One Twi...

Cryptocurrencies were back to trading in red on Tuesday. Bitcoin and Ethereum, the market ’s largest assets, registered back-to-back red candles on the short time frame charts. With bears in the driver’s seat, most other coins followed suit. As a result, the  aggregate valuation of all cryptos in the market noted a 5.6% decline on the daily and stood at $975.65 billion at press time. Bitcoin drops below $20k The psychological $20k mark has been quite significant for Bitcoin. In the June-July period, Bitcoin tested the $20k level a handful of times and eventually rallied to $25.2k by mid-August. However, in September and most part of October, $20k acted like a strong resistance. Since the beginning of November, Bitcoin—yet again—traded above the said level. Tuesday’s drop, however, pushed it down to a new November low. In fact, as illustrated below, Bitcoin’s latest candlestick on the hourly is its longest for the month so far. With the asset trading at $19.6...

The Ethereum network switched to the Proof-of-Stake model, ending the proof-of-work mining model. The much-awaited transition happened on September 15, 2022. The blockchain now uses 99.95% less energy than it did previously, ushering in a more environmentally friendly era in the blockchain space. For quite some time, the long-awaited advancement has been in the works. The network was often chastised for its environmental impact. As a result of the merge , this is expected to change. However, the network has been receiving concerns that it has become more centralized . Anthony Di Iorio, a co-founder of Ethereum, recently expressed concern during an interview about the potential for a small number of holders to have control over the ETH network. He stated that he did not currently believe proof-of stake to be a perfect system. Is Ethereum more decentralized post-merge? Post-merge speculation started surfacing about the network becoming more centralized than it was pre-trans...

It’s a known fact that MicroStrategy’s founder, Michael Saylor, is a Bitcoin proponent. With over 130k BTC, the Business Intelligence firm is currently the largest Bitcoin institutional investor. Interestingly, the company has bought BTC during—both—the bullish and bearish phases of the market. What if MicroStrategy invested in Ethereum instead of Bitcoin? The Blockchain Center has a dashboard comparing MicroStrategy’s ‘actual’ and ‘what if’ crypto investments . Per data from the same, its current 130k BTC HODLings is currently worth $ 2.679 billion. However, if it had invested in Ethereum, the firm would be owning around 3.5 million tokens worth $5.596 billion. Resultantly, instead of being down by $1.304 billion USD, MSTR would be up by $1.614 billion with ETH . Source: Blockchain Center Alongside, the company could have staked ETH to earn an additional 240K tokens by now worth $370 million . In fact, if Saylor traded his BTC stash for ETH no...

Ethereum moved from proof-of-work (PoW) to proof-of-stake (PoS) consensus last month and the transition is dubbed the Merge. The PoW algorithm previously rewarded miners for validating blocks of transactions and the PoS algorithm eliminates the need for miners. The miners consumed high electricity to validate blocks and the PoS systems considerably reduces energy consumption by nearly 99%. This makes ETH more scalable and energy-efficient giving opportunities for investors to earn passive income with Ethereum. In this article, we will guide you on how to earn passive income by staking your Ethereum coins. Also Read: Will Ethereum Reach $1800 This Week? ETH: How to Earn Passive Income With Ethereum Staking Source: Pixabay The cryptocurrency markets allow investors to earn passive income by staking their cryptos for a set period. This allows investors to reap financial rewards steadily while making their tokens get to work. Coming to earning passive income with Ethereum, t...