Ethereum

Ethereum sees some heavy accumulation but is it enough for a substantial move

admin2022-11-14T19:30:54+00:00

Buying pressure is building up supported by ETH whales and retail accumulation ETH sell pressure is gradually tapering out and may give way to a strong bullish bounce ETH holders who bought the dip last week may have enjoyed some upside but it has been rather limited. This is because last week’s crash left investors more fearful and risk appetite was suppressed. While not much has happened in terms of price action, investors should expect more volatility and a bullish bounce ahead...

Vitalik Buterin Will Help Binance Prove Its Reserves, CZ Says

admin2022-11-14T15:00:15+00:00

Key Takeaways

Binance CEO Changpeng “CZ” Zhao has reiterated the importance of transparency in the cryptocurrency industry following FTX's collapse. He has confirmed that Vitalik Buterin will create a “proof-of-reserves” protocol that will initially be tested by Binance. Zhao explained that Binance operates in a different way to FTX but admitted that crypto exchanges are “inherently quite risky businesses.” 

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CZ shared his reflections on the FTX collapse on a Twitter Spaces discussion with the Binance community Monday afternoon. 

Binance CEO...

Low Volume Downfall Suggests Ethereum Price Should Rise Back To $1400

admin2022-11-13T20:29:29+00:00

Published 1 hour ago Ethereum’s price fell with decreasing volume for three consecutive days, suggesting a temporary slump. Therefore, if the altcoin price could sustain above the $1245 or $1100 mark in the coming week, the bullish recovery could rise higher to meet the $1410 barrier. But will the price follow up on this recovery, or we resume the prevailing downtrend?

Key points: 

The $1410 mark stands as a strong resistance level for bullish growth The 20-and-50-day EMA bearish crossover would encourage...

Why ETH investors could have tough days despite these promising updates

admin2022-11-13T19:30:46+00:00

The total annualized issuance rate of ETH reduced substantially  Circulation also decreased, adding to Ethereum’s deflationary nature  Many speculations were made regarding what would lie ahead for Ethereum [ETH] post the Merge. One of the doubts that most had was around ETH’s deflationary nature. However, there was some clarity seen on that front as according to official sources, ETH achieved a nearly zero total annualized issuance rate. ____________________________________________________________________________________________ Read Ethereum’s [ETH] Price Prediction 2023-24 ____________________________________________________________________________________________ Last year, Ethereum developers pushed the London upgrade that enabled...

The BAYC-FTX connection: Why the Apes may not climb any price trees soon

admin2022-11-13T15:30:29+00:00

BAYC’s royalties and treasury were stored on the FTX US exchange Floor price and volume dropped significantly over the week The NFT market felt the impact of falling prices as crypto rates plunged over the last few days. In fact, even Ethereum [ETH] blue-chip collections like Bored Ape Yacht Club [BAYC] could not bank on their popularity to counter the adverse effect of the FTX collapse that left the market in turbulence. Interestingly, there was a new twist to the effect FTX had...

Are Crypto Exchanges Faking Proof Of Reserves? CZ Warns Investors

admin2022-11-13T10:52:59+00:00

In the light of FTX crash, Binance CEO CZs initiative to disclose proof of reserves has forced other market players to do the same. While, exchanges have started declaring their proof of funds, crypto leaders are raising allegations over large exchange inflows and outflows.

What’s Going On At Crypto.com And Huobi?

As reported by WuBlockchain 280,000 ETH worth nearly $400 million were transferred from a crypto.com cold wallet to a Gate.io address. The crypto twitter community soon reported a 285,000 ETH...