Ethereum and Bitcoin, the two most prominent cryptocurrencies, have shown different trends over the past year. While Bitcoin has outperformed Ethereum, historical patterns suggest that Ethereum may be on the verge of entering an accumulation phase. In this article, we will delve into the current state of Ethereum, analyze its price action against Bitcoin, and
Bitcoin
The trial against FTX co-founder Sam Bankman-Fried has taken an intriguing turn with the testimony of Zac Prince, the former CEO of the now-defunct crypto lending platform BlockFi. Prince’s appearance in a Manhattan federal courtroom has provided valuable insights into the intricate relationship between BlockFi, FTX, and Alameda Research. This article will delve into Prince’s
In a recent development, a trader on Aave, a decentralized liquidity protocol operating on multiple platforms, has taken the step of selling wrapped Bitcoin (WBTC) to repay outstanding debt. This move has caught attention as it sheds light on the dynamics of the decentralized finance (DeFi) space. Let’s delve into the details. According to Lookonchain
In a recent AMA session, Cardano founder Charles Hoskinson expressed his views on the US Securities and Exchange Commission’s (SEC) alleged regulatory leniency towards Ethereum. Hoskinson highlighted the Himman emails and other revelations, which he believes expose the SEC’s thought process and demonstrate unequal application. He did not see anything inherently wrong with favoritism, suggesting
Telegram’s partner, the Open Network (TON) Foundation, has recently announced a groundbreaking collaboration with Alibaba Cloud. The partnership aims to set up 256 servers for an upcoming performance testing event scheduled for October 31, 2023. The objective of this event is to officially establish the TON blockchain as the world’s fastest blockchain and earn accreditation
The cryptocurrency market is flooded with thousands of altcoins, making it challenging for investors to identify hidden gems that could potentially yield significant returns. However, a Santiment analyst has recently shed light on 6 overlooked altcoins that show promising network activity, indicating the potential for a rally. These coins may have flown under the radar,
The surge in Tether (USDT) moving into exchanges has caught the attention of many in the crypto market. This development could potentially have positive implications for Bitcoin. According to on-chain analytics firm Santiment, the total worth of USDT on exchanges has reached $9.99 billion. While this may not seem significant at first, the supply of
Bitcoin price is currently displaying positive signs as it holds above the $27,450 zone. With the price trading above $27,800 and the 100 hourly Simple Moving Average (SMA), there is a potential for a fresh increase towards the $28,500 resistance. The BTC/USD pair has also formed a short-term declining channel with resistance near $27,980 on
Prominent crypto exchange Coinbase has risen to become the second-largest Ethereum (ETH) staking entity, gaining significant ground in the staking market. This development has raised concerns about network centralization, particularly in relation to the dominance of Lido DAO in ETH staking. According to Chinese reporter Colin Wu, a recent report from Dragonfly data scientist hildobby,
The Bitcoin market is closely monitored by investors and traders for any significant movements by whales, who have the potential to influence the price of Bitcoin through large-volume transactions. Recently, a whale that had been dormant for three years resurfaced in the market, making their first BTC transfer since 2020. This particular whale moved a