Ethereum Financial News

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As per a 13 February report by CoinGecko, in tandem with DeFiYield’s REKT database, exploiters used an array of methods to steal nearly half of the total cryptocurrency stolen in 2022. This included circumventing verification processes, manipulating the market, smart contracts, crowd looting, and bridge exploits.

In the past few days, most major cryptocurrencies, including Bitcoin and Ethereum, have experienced a decline in their prices. As a result, Bitcoin has now fallen below $22,000, continuing its downward trend, and the global cryptocurrency market cap is approaching the $1 trillion threshold.

Polygon [MATIC] saw a significant increase in its demand of late. According to a tweet on 13 February, one particular address snapped up over 20 million tokens over the past few days, becoming one of the largest MATIC holding addresses.

In an update on 13 February, an Optimism [OP] developer confirmed that the protocol would incorporate Canto Republic’s CSR methodology into its protocol.

The percentage of Ethereum blocks complying with orders set by the United States Office of Foreign Asset Control (OFAC) has now fallen to 47% — the lowest level since Oct. 11. 

On 12 February, a whale transferred $1.09 million worth of 1inch Network [1INCH] into Binance, Lookonchain revealed. Usually, a transfer of this magnitude infers an intent to sell. However, the on-chain smartmoney track mentioned that the last transfer the said whale had, was in August 2022.

Despite the recent pullback in cryptocurrency markets from multi-month highs hit earlier this month, options markets suggest that traders still have relatively subdued volatility expectations. Deribit’s Bitcoin and Ethereum Volatility Indices both remain close to record lows, according to data provided by The Block going back one year.

Chainlink [LINK] adoption has been on the rise as the blockchain continues to expand its integrations. LINK recently announced multiple new integrations across four chains- Avalanche, BNB, Ethereum, and Polygon. 

Binance USD [BUSD] holders might be faced with a heavy cross to bear after the U.S. SEC notified its issuer of a potential probe. Wall Street Journal (WSJ), who seemed very familiar with the matter , reported that Paxos Trust Co. had received a letter pertaining to the issue from the regulator.

After hints that it was on the verge of breaking into a strong bullish season, the cryptocurrency market has fallen back again to reside in the red over the past week. Investors may be unhappy that the market has still failed to break resistance levels, but at least some tokens have been performing unusually well.

smart contracts, via, blockchains like Ethereum, and others, have brought a new twist into that logic.Smart contracts: DefinedAlthough the term has always been considered coined by and a part of blockchain technology, the term Smart Contracts was coined, some 20 years ago, by a cryptographer named Nick Szabo. The purpose of coinage was to introduce “highly evolved” practices of contract law and related business practices in, and in conjunction with the design of electronic commerce protocols between strangers on the Internet. In blockchain technology however, a Smart Contract is essentially a computer protocol that can self-execute, self-enforce, self-verify, and self-constraint during the performance of an automated contract. Though rapidly evolving, classic smart contract implementation examples include the ICOs and Crypto Kitties. Aside from its legal impact and perhaps a replacement with legal contracts, smart contracts can certainly lessen the burden and the complexity of writing a new contract. Instead one can include these as terms of a smart contract between two parties automatically.

The Uniswap community cast their votes in support of implementing Uniswap v3 on Boba Network's layer-2 protocol on Ethereum, and the majority of those votes were positive.

Bitcoin (BTC) rose 3.11% to $23,788, while Ethereum (ETH) was above the $1,600 level. BTC volume in the last 24 hours stood at approximately $30.58 billion, rising 37.16% in the last 24 hours. «Bitcoin traded above $23,900 after reaching a low of $22,874 the previous day. A potential upward trend towards $24,000 and then $25,000 is possible if the market stays favourable. Meanwhile, Ethereum broke above $1,600, with support at that level and resistance at $1,700,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. Polygon rose 12.35%. Solana, Avalanche, Cardano and BNB were also trading with gains.

It's been a great week for the cryptocurrency market, with investors experiencing a significant boost that many feel has been a long time coming. Bitcoin surpassed the $21,000 mark, and nearly all tokens have posted substantial double-digit gains. Crypto's overall market capitalization exceeded $1 trillion again.

Is the crypto market finally pulling out of its slump? Bullish investors say yes as Bitcoin inches closer to $24,000.While the market shows some signs of a bull run, it is important to remember that it's still volatile. A few tokens stand out as noteworthy in the latest week amid the strengthening market.

Binance, the largest crypto exchange by trading volume, paused withdrawals following an exploit on the crypto node project Ankr.

Procedure for staking liquid assets With the introduction of the impending Lido v2 update, Lido is planning to provide staking reward withdrawals in addition to improving the architecture of the staking process.

Well, that was quick. Less than two weeks after cryptocurrencies hit a nadir in the wake of the FTX collapse, Bitcoin has rallied 25% amid speculation the cryptocurrency selloff late last year was too much and too fast.

With a 16.77% market share of the $47.2 billion worth of crypto assets locked on several decentralized finance (DeFi) protocols, Lido Finance (Lido) retains its spot as the leading project with the highest total value locked (TVL).

Bitcoin (BTC) rose 2% to $23,700, whereas Ethereum (ETH) was above the $1,600 level. BTC volume in the last 24 hours stood at approximately $25.72 billion, rising 46.95% in the last 24 hours. «BTC gained 2% in the past 24 hours and is currently trading above the US$23,600 level. If bulls can hold BTC above the current level, the impulse may continue towards US$24,000 and US$25,000 soon. The volume is also high, indicating the buyers' strength in the market,» Edul Patel, CEO and Co-Founder of Mudrex said. Other top crypto tokens were also trading higher. Solana rose 6%. Polkadot Shiba Inu, Dogecoin and BNB were also trading with gains. The global cryptocurrency market cap was trading around $1.07 trillion, rising 1.54% in the last 24 hours.