Ethereum Financial News

Over the weekend, the cryptocurrency market recorded over 2% decrease in its total market capitalization as most coins suffered a correction. Bitcoin traded close to its $42,000 support level after trading above the $43,000 mark for a while on Friday. Similarly on Friday, Ethereum also declined by almost 4%.

The Miami Bitcoin conference wrapped up on 9 April with the largest Bitcoin gathering of over 35,000 attendees. The conference saw a lot of different price predictions from the Bitcoin protagonists. One such personality was Peter Thiel the co-founder of PayPal. With immense faith, he remains convinced about Bitcoin’s potential to rise 100x by the second quarter of 2023.

Bitcoin (BTC) dropped from a high of $47,200 on April 5 to a low of $42,107 on April 8, indicating possible selling by short-term traders who may have preferred to lock in their profits. However, the price action is still stuck in a tight range during the weekend, indicating that supply and demand are in balance.

crypto market, never has it been more important to distinguish between methodologies of buying into this sector. On the one hand, you have traders, on the other you have investors. While many assume the two are interchangeable, there are key differences in each player’s goal. Traders hold assets until they reach short-term success while investing is based on the buy-and-hold principle. Investors invest their money for some years, decades, or even longer. In the Bitcoin (BTC) market — HODL has become a mantra! HODL, an acronym for ‘hold on for dear life’, is the core philosophy that most BTC maximalists live by. To a hodler, (i.e, an investor) short term-price fluctuations are insignificant, while traders have defined levels of risk. To a trader, the ideal advice would be — if you’re losing money then end the trade at your defined stop-loss range, while for an investor the ideal advice would be to buy every dip and HODL. Choosing the right cryptos for long-time investment The last thing you should do when it comes to all things money is to go in blind and unprepared. Do the work, research, read everything you can about the sector, the coins, the projects, the tech. Don’t believe everything you read on social media; we’ve all heard of someone who invested in a cryptocurrency and benefitted a large return on investment.

The outlook for projects in the decentralized finance (DeFi) sector has begun to improve in recent months as a combination of global events have highlighted the benefits of holding funds outside of the traditional financial systems.

Nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse are three of the hottest trending topics in the cryptocurrency ecosystem and each is helping the world slowly move toward the mass adoption of blockchain technology. 

Lawmakers in Australia want to regulate decentralized autonomous organizations (DAO). In this three-part series, Oleksii Konashevych discusses the risks of stifling the emerging phenomenon of DAOs and possible solutions.

Most cryptocurrencies traded in the red early on April 9. The global crypto market dropped 2.8 percent to $1.96 trillion, while the total crypto market volume rose 9.4 percent to $89.50 billion during the last 24 hours.

After a 42% rally over a three-week period, Ether (ETH) peaked at $3,580 on April 3 and since then, a 12% correction to $3,140 has taken place.

Bitcoin (BTC) and most major altcoins are attempting to defend the immediate support levels, indicating that bears sense an opportunity and are looking to take control of the price action.

The bitcoin (BTC) price lagged behind ethereum (ETH) and other major altcoins today, despite a series of bullish news announcements coming from the Bitcoin 2022 conference in Miami, USA.

Bitcoin and other cryptocurrencies have become legal tender in a special economic zone on an island on Honduras' Caribbean coast, officials said.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Ethereum price has breached above the symmetrical triangle and is comfortably hovering above a stable support area with no signs of weakness. Despite the recent flash crash, the downside risk for ETH also seems to be capped due to a plethora of footholds. So, investors should not give up the smart contract token hitting significant psychological levels.

Between January and March 2022, non-fungible token (NFT) trading volumes cooled down from a hot January start, but the number of trades increased significantly in networks outside Ethereum (ETH) -- indicating an expanding NFT market with broadening adoption across the ecosystem, according to a recent report released by and dapp information provider DappRadar.

As told by Aid for Ukraine, a joint initiative created by the Ukrainian government, FTX, Everstake, and Kuna to rally crypto donations for the country, Ethereum (ETH) co-founder Vitalik Buterin made $5 million worth of ETH donations to Ukraine in early April. According to the entity, despite the large donation sum, Buterin did not make an announcement regarding the transaction. It was eventually linked to him via the Ethereum Name Service domain name "vitalik.eth", which served as the origin of the transfer.

Scott Melker, veteran trader and pocaster, is convinced that major layer-1 protocols should be part of everyone’s investment portfolio. Instead of picking individual crypto projects, such as NFTs or blockchain games, Melker thinks it makes more sense to bet on the blockchain infrastructure on which these projects are built. 

There's some positive news for the two biggest cryptoassets in the world. The approval of a new bitcoin (BTC) futures-backed exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) has again sparked hope that a spot-based bitcoin ETF could come next. Meanwhile, investment banking giant Goldman Sachs has taken steps to expand its offering of over-the-counter (OTC) crypto options trading to options contracts based on Ethereum’s native token ETH.

Thursday marks the fifth anniversary of Spells of Genesis; generally regarded as the very first play-to-earn blockchain game. EverdreamSoft, the game studio behind SoG, first distributed many of the game's trading card-based NFTs back in 2015, though its mobile trading card game did not go live until 2017. To commemorate the occasion, Everdream Soft announced the opening of an NFT History Museum within the CryptoVoxels metaverse on April 20. This virtual exhibition will feature new and vintage SoG cards as well as assets from various other popular NFT collections.

When traders get enough money for life from their Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), or any crypto trading plays, what comes next? Crypto-savvy Reddit users shared their best ideas in a lively subreddit.

Top non-fungible token (NFT) marketplace OpenSea's long-anticipated integration with Solana has finally gone live.