Tag Archives: Ethereum

ALTCOIN NEWS

EthereumPoW (ETHW) Wants to be Listed on All Exchanges

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EthereumPoW (ETHW), which was implemented by a group of developers who rejected the transition of the Ethereum Blockchain network from Proof of Work to Proof of Stake, came up with a new call. Although the project managed to gather support in the first place, this support did not come much. Trying a new method to increase the number of listings, the project called on startups and exchanges to list the ETHW coin on Twitter.

EthereumPoW, which forked itself to continue its life as the PoW of the Ethereum Blockchain network, continues to work to search for new supporters. Although it is supported to a certain extent by PoW supporters, the work of the project, which has only ETHW in hand, is unfortunately very difficult with the entire DeFi ecosystem moving to PoS.

At this point, the project, which was trying to find a new solution, requested a listing from the platforms. According to a statement shared for EthereumPoW (ETHW) on Twitter, the EthereumPoW ecosystem is under rapid construction. In addition, the project called on Web3 teams to be included in the first ecosystem directory of ETHW-based products, and asked the teams to explain their goals.

Source: btchaber.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

BitMEX Co-Founder Arthur Hayes market comments

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BitMEX co-founder Arthur Hayes said in his blog post that Bitcoin bulls should be “concerned” about the $17,500 price level for BTC, which seems to be the bottom in the current bear market.
“While watching the volatility and movements of the US dollar liquidity index, it seems that the price level of Bitcoin, which should be worried about for a long time, is at $ 17,500. The most likely course of action is to retest this bottom level. Whether the price will stay above this support is entirely in the US dollar. It will depend on the course of the liquidity index.”

Evaluating Ethereum (ETH), Hayes claimed that the second largest cryptocurrency by market capitalization will likely outperform Bitcoin. The cryptocurrency investor also said that it is unlikely that Ethereum will reach at least $10,000 as he predicted at the beginning of the year if monetary tightening continues in the US: “ I am confident that the structural reduction in the supply of ETH will certainly result in a better performance against Bitcoin, but I don’t think ETH will reach a five-digit price by the end of the year if the Fed and the US Treasury continue their plans to reduce the liquidity of the US dollar.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

How low will Bitcoin go, will it drop to $28,000?

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Bitcoin and altcoins fell very fast. So how much will Bitcoin drop, will it drop to $28,000? famous analyst comments. The month of May was not good for the coin market. Bitcoin and altcoins started very low. And still, the cryptocurrency market continues to decline.

Bitcoin has lost a lot of value in the last 24 hours, falling as low as $ 30,380. Ethereum also fell heavily, dropping as low as $2,260 on Sunday evening and losing its support point. However, some experts have warned that the continued gains of the US Dollar Index (DXY) could push Bitcoin, Ether, Cardano, Solana, Shiba Inu and other cryptocurrencies into further corrections.

Darshan Bathija, co-founder and CEO of Singapore-based crypto platform Vauld, said: “The Nasdaq 100 has dropped once again for its fifth week in a row. The crypto markets are moving at the same pace as the stock market, and what we’re seeing right now is investors’ interest in Bitcoin. He sees i as a risky asset. In light of fears of rising inflation, many investors have taken a risk-averse approach by selling stocks and crypto to mitigate risk.”

Peter Brandt wrote on his twitter account on May 1, 2022; He said that the Bitcoin price could drop to $28,000. Today, reevaluating its stance, the revised support target is “buy when everyone else is selling, sell when everyone is buying”.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

Inside the Ethereum Foundation Treasure: What Does It Hold?

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The Ethereum Foundation has been around for a while and is responsible for funds distributed to projects on the Ethereum network. He has a large amount of ETH in his treasury, among other crypto investments that help fund projects. Recently, the Ethereum Foundation released a report showing which digital assets it owns and their value in dollar terms.

In a recent report, the Ethereum Foundation cited various allocations of cryptocurrencies it owns. In total, he has approximately $1.5 billion worth of assets in his treasury. But even more interesting was the way they were split. As expected, the foundation held more ETH than any other digital, but investments and other non-crypto assets also made up a decent percentage of the treasury.

In total, 80.5% was allocated to ETH alone. This turned out to be worth $1.294 billion at the time of the report’s publication, making up only 0.297% of the total ETH supply. As for other crypto investments, they reached $11 million, accounting for 0.7% of the total treasury amount.

Ethereum published report

Read More: bitcoinist

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

BBVA Bank Adds Ethereum (ETH) To Its Bank Portfolio In Europe

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BBVA Switzerland, one of Europe’s major banks, has become the first bank to approve Ethereum (ETH) as a cryptocurrency transaction and custody service. We may hear similar news from other banks in the near future.

By offering Ethereum (ETH) cryptocurrency to BBVA Clients. We think that it will increase the customer base. BBVA Customers will be able to perform Bitcoin and Ethereum transactions in their portfolios with their “New Gen” bank account.

BBVA Switzerland customers will be able to easily access transactions made with digital and traditional assets on mobile applications and similar platforms. They will be able to convert cryptocurrencies to fiat currencies such as dollars and euros. The same bank started to offer Bitcoin BTC transaction and custody services this year. He further expanded this service with Ethereum (ETH).

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cryptocurrencies are falling fast today and institutions are buying altcoins

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Recently, there has been a sharp decline in the cryptocurrency market. For some investors, this is an opportunity. Especially institutional investors are turning to some altcoins.

We don’t know how long the cryptocurrencies will fall, but it seems like some forces don’t want the coins to go up and whenever they go up something comes up to make them fall. Institutional investors are probably the ones who evaluate these declines best.

Some reports also show that institutional investors are buying certain coins. One of these reports is the CoinShares report. In the new report from CoinShares, ADA nearly tied institutional Ethereum (ETH) entries last week, bringing its year-to-date total to $108 million.

According to the report, Ethereum inflows stood at $17.3 million last week, while Cardano outpaced $16.4 million. In the previous week, Cardano entries reached $5 million while Ethereum entries reached a valuation of $31.4 million.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

MARKETS NEWS

As cryptocurrency rises, the number of miners continues to rise

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In the last 2 years, economies have suffered greatly due to the Covid-19 epidemic in all countries. But some tech firms earned more and became rich. As countries are closing and businesses are closing, some of the tech companies have made huge servert gains.

With the impact of the great epidemic covid, cryptocurrencies Bitcoin, Ethereum and other digital currencies attracted great attention. Even financial institutions have started to buy cryptocurrencies. Banks have started to deal with blockchain companies to use blockchain-based systems. Some firms, such as PayPal, have announced that they can buy, sell, and hold Bitcoin and cryptocurrencies.

As the crypto market grew rapidly, so did the number of miners. Miners with effective and efficient equipment made good profits.

miner mining

MarketsAndMarkets said: “Mining is an integral process for the creation, transmission and verification of transactions in cryptocurrencies. It ensures a stable, safe and secure spread of currency from payer to buyer. Unlike fiat currency, which is controlled by a central authority and regulates transactions, cryptocurrencies are decentralized and operate on a peer-to-peer system. APAC will grow at the highest CAGR during the forecast period (2026). In terms of value, APAC will grow at the highest CAGR during the forecast period. The Rest of APAC (RoAPAC) has been reviewed for RoAPAC, Singapore, Malaysia, Thailand, India, Australia and New Zealand. China is the largest market among all APAC countries. Thanks to its low cost of electricity and the presence of large mining companies.”

Although miner devices are at high prices, miners continue to renew themselves in the burgeoning cryptocurrency industry.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

ALTCOIN NEWS

Ethereum hits new record, bitcoin hits 3-week high

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Bitcoin rose to an all-time high on Monday. While experiencing positive news and inflation fears, Ethereum hit a new record. Bitcoin surged as high as $66,538 while approaching the old record level of $67,016.50.

Ethereum is up 58% since the beginning of October. Also, due to developments in the USA, bitcoin increased by about 51%. “Financial institutions want to be a part of it, regulators don’t want to push it too hard,” said Kyle Rodda, analyst at broker IG Markets. “We’re almost past the inflection point where it’s part of the system and it’s going to be very, very difficult to recover.”

In addition, Australia’s largest bank announced that it will offer crypto trading to its retail customers. There were positive developments regarding Bitcoin in other countries as well. A week ago, Eric Adams, Mayor of New York, said he would receive his first three paychecks in bitcoin. In the USA, the mayor of Miami made a similar statement.

Countries and many municipalities around the world are planning to make their cities “centres of the cryptocurrency industry”. We see that crypto technology is growing very rapidly.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

MARKETS NEWS

Cronos launches to connect Ethereum and Cosmos ecosystem

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Cronos announced the launch of its beta mainnet between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems. The launch of Mainnet will allow developers to move decentralized application (DApp) and smart contracts from Ethereum and EVM compatible blockchains to the Cronos network at low fees and high speed, thanks to the Inter-Blockchain Communications (IBC) protocol integration. Thus, access to Crypto.com’s large customer base of 10 million will be provided.

Developed on the Cosmos blockchain and based on Ethermint, Cronos operates side by side with the Crypto.com chain. In the days before the mainnet launch, the Cronos team published a Medium post to explain the complex process of bridging assets on different chains, such as transferring the platform’s token CRO from the Crypto.com ecosystem to Cronos or between the Crypto.com chain and the Cronos chain via IBC.

Cronos announced its testnet services in July this year. Blockchain has since processed 1.5 million transactions for over 600,000 addresses. Crypto.com Co-Founder and CEO Kris Marszalek said at the time that a boom in activity on Cronos was expected and promised developers that they would support their projects from start to finish.

Since its launch, the Cronos ecosystem has attracted more than twenty validator ecosystems, including Bison Trails, Chainlink, Band Protocol, Metamask, and Crypto.com, while also collaborating with many DeFi, NFT, and gaming projects.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Raoul Pal Thinks Cardano, Solana, Avalanche, and Terra Will Rise

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Raoul Pal, known to those interested in crypto money, said that Cardano (ADA), Solana (SOL), Avalanche (AVAX) and Terra (LUNA) could rise in this bull cycle.

In his interview, Raoul Pal talked about the possibility of a long bull market by June 2022 that could potentially push Ethereum as high as $40,000.

Raoul Pal said: “I think almost certainly by March but possibly by summer, which will give us higher prices and a different cycle structure than we’ve seen before. I could be wrong. I’m not betting on everything. But I think it could be like this. If I’m right about the adoption of the network, then other layer-1s like Solana, Terra, Avalanche, Cardano and others will be great explosives.”
“But on a risk-reward basis, they’re riskier. They are not as deep a network as Ethereum. For me, Ethereum remains the best option in the world from a risk-adjusted perspective.”

Source: https://www.coinkolik.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.