Bitcoin under $27K, Ethereum at seven-month low: crypto market struggles
The prices of Ethereum and Bitcoin have experienced significant drops, with Ethereum reaching a seven-month low and Bitcoin struggling beneath $27K. Ethereum has seen a steady decline, now well below the $1,600 mark. Bitcoin, although no longer in freefall, continues to grapple below the $27,000 threshold. Several days ago, Bitcoin was trading high until it […]
Uniswap expands DeFi reach with Android Ethereum wallet launch
Decentralized finance (DeFi) platform, Uniswap, has introduced its mobile Ethereum wallet for Android, following its iOS release several months ago. The wallet is currently in its beta testing phase, with the broader user community invited to participate in its refinement. Uniswap’s Twitter indicates an existing waitlist of 35,000 users. As part of this launch, Uniswap […]
Bitcoin whales stand steady amid Ethereum sell-off
In a recent analysis, it was observed that ‘Ethereum whales’ are rapidly selling their holdings, unlike their Bitcoin counterparts. This news comes despite both cryptocurrencies trading in the red. As per the report by crypto analyst sunnydecree on Tuesday, large Ethereum holders are seen aggressively offloading their ETH piles, a situation not mirrored by Bitcoin […]
Israel’s Police Collaborates with Binance to Freeze Hamas-Linked Cryptocurrency Accounts
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ Market Update: Crypto Prices React to Middle East Turmoil 2️⃣Israel’s Police Collaborates with Binance to Freeze Hamas-Linked Cryptocurrency Accounts 3️⃣ Zimbabwe Launches […]
Bitcoin stays resilient as crypto market faces $100M liquidations amid Altcoin dip
The cryptocurrency market is witnessing a significant slide with bulls losing over $100 million in futures positions. The ongoing Hamas-Israel conflict and a substantial ether (ETH) sale by the Ethereum Foundation have impacted the wider crypto markets. Bitcoin (BTC) has shown signs of stability compared to other tokens, losing only 1% in the past 24 […]
Ethereum foundation cashes out $2.76 Million in ETH
The Ethereum Foundation, a non-profit spearheading the development of Ethereum, has reportedly sold a significant amount of its Ethereum (ETH) holdings. The sale amounted to 1,700 ETH, which is equivalent to $2.76 million. The transaction was observed and reported by crypto analytics firm Scopescan. The Ethereum Foundation converted the ETH into Circle’s USDC stablecoin via […]
Justin Sun’s unexpected $132M Ethereum transfer shakes the crypto world
Justin Sun, the founder of Tron (TRX), has suddenly moved a hefty sum of Ethereum (ETH) worth $132 million. The unexpected shift of crypto assets was first detected by on-chain data tracker Lookonchain. Sun is reportedly withdrawing the Ethereum from liquid staking service provider Lido (LDO), with 43,000 ETH ($70 million) already successfully deposited to […]
Huobi regains $8 Million in stolen Ethereum following hacker negotiations
Following successful negotiations with a hacker, Huobi Global has recovered $8 million in stolen Ether (ETH). The crypto exchange made contact with the hacker who had absconded with the funds in September, leading to a successful resolution. Investor and HTX adviser, Justin Sun, announced the news on Twitter, stating that the hacker had made “the […]
Ethereum trumps Mcdonald’s in market value amid $11M liquidations
Even amidst significant liquidations, Ethereum has managed to surpass McDonald’s Corporation (NYSE: MCD) in market valuation. Ethereum’s price has been on a steady decline, however, it remains valued higher than McDonald’s. The cryptocurrency’s value fell from a high of $1751 to $1606 within a day. Due to the volatile nature of the Ether market, several […]
Ethereum becoming more centralized post-merge and shanghai upgrades, warns JPMorgan
The Merge and Shanghai upgrades have led to increased centralization in Ethereum, according to a report by JPMorgan (JPM), raising concerns over the network’s decentralization principle. In a report by JPMorgan on Thursday, the surge in ether (ETH) staking following the upgrades has made Ethereum more centralized, while also reducing the overall staking yield. Analysts […]