Ethereum Financial News

In a dramatic turn of events during the collapse of crypto exchange FTX last November, a heroic act by an adviser played a pivotal role in preventing what could have been one of the largest crypto heists in history.

Polygon (MATIC) crypto price has sunk -6% amid broader de-risking in markets, triggered by the conflict between Israel and Hamas - but with MATIC price trading low - is Polygon going to zero?

Ethereum’s layer 2 networks have gained significant traction in the past few years as developers seek faster and cheaper solutions to interact with the blockchain.

“What is it for?" is the essential question facing the cryptocurrency industry, including from regulators. Videogames have emerged as an answer—if only they could get rid of the speculators. The continuing trial of Sam Bankman-Fried, founder of collapsed exchange FTX, is a reminder that crypto has turned into a big bet on itself rather than the alternative to traditional finance it once promised.

cryptocurrency markets were trading in the red on Tuesday amid geopolitical tensions in the Middle East. Bitcoin was down 0.7% at $27,660, while Ethereum was below the $1,600 level. Meanwhile, the global cryptocurrency market cap declined 1.24% to around $1.08 trillion in the last 24 hours. Other crypto tokens also declined. XRP, Solana, and Dogecoin fell by over 2%. While Toncoin, Polygon, and Polkadot plunged over 3%. «Bitcoin’s price is consolidating above the $27500 mark due to long liquidations following the rising geopolitical tensions in the Middle East and an uptick in oil prices. Bitcoin’s value has currently risen by 66.62% over the year. If the markets turns bearish, Bitcoin will find support at around $27,195,» said Edul Patel, CEO of Mudrex.

The cryptocurrency world is abuzz with significant developments today. Bitcoin is currently trading at $27,653, experiencing a 1% decrease on Tuesday. In a noteworthy political move, Robert F. Kennedy Jr., a staunch advocate for cryptocurrencies, has decided to run for president as an independent, parting ways with the Democrats. 

As per blockchain intelligence firm Arkham, $77.35 million in assets have flown through Tornado Cash’s contracts on Ethereum mainnet in the past 30 days. 

The hacker responsible for stealing over $400 million from FTX and FTX US in November could be using the hype around Sam Bankman-Fried’s fraud trial to further obfuscate the funds, says CertiK’s director of security operations Hugh Brooks.

A Bitcoin developer has proposed a new way to bring more expressive off-chain smart contracts to Bitcoin (BTC) without needing a soft fork.

The crypto market has recently witnessed significant developments, notably relating to Ethereum ($ETH), Maker ($MKR), and InQubeta ($QUBE). On the one hand, Ethereum surges past a crucial threshold, while Maker shows signs of momentum. Simultaneously, InQubeta, the crypto of the moment, also exhibits a promising upward trajectory.

Ethereum and Bitcoin Spark are at the forefront as projects break through limitations to foster the growth of Web3. These two networks provide platforms for growth by going beyond just offering a digital currency that can be used to buy goods and services, as well as an investment vehicle that stores value and hedges against inflation.

A risk-off tone to macro trading conditions on Monday amid jitters regarding the escalating Israel/Palestine is weighing on crypto prices.

Ethereum's recent supply surge has raised concerns among crypto enthusiasts as over $47 million worth of Ether (ETH) tokens were added to circulation within the last 30 days.

Much-talked-about Bitcoin cloud-mining project Bitcoin Minetrix ($BTCMTX) has raised more than $822,000 from investors in a week as it sets out to revolutionize the industry by tokenizing Bitcoin cloud mining.

The digital asset market notches major growth as products see inflows totaling $78 million, its highest week since July.

As Uptober takes grip of on-chain markets, crypto prices are surging, and the latest token to skyrocket is DAI Reflections (DRS) - which exploded +25,000% in an over-night moonshot.

Crypto markets are yet again undertaking another game-changing innovation: Bitcoin Minetrix's stake-to-mine system.

The Ethereum price has dropped by 0.5% in the past 24 hours, dipping to $1,619 as the market as a whole falls by roughly the same percentage within the same amount of time.

The price of Ethereum's native token, Ether (ETH), has gained around 35% so far in 2023. But its attempts to break above $2,000, a psychological resistance level, have witnessed strong bearish rejections multiple times.

Investment management firm ProShares Advisors has introduced six new futures products for Ether, marking the cryptocurrency's debut in the ETF market. 

Bitcoin traded between US$27,500 and US$27,800 this week. Factors such as a surge in the US 10-year Treasury yield by 11 basis points to reach 4.8% on Tuesday, and traders capitalizing on recent profits, led to a period of consolidation. The immediate resistance levels for Bitcoin on the upside are located around US$27,650 and subsequently US$28,000. A decisive breakthrough above the US$28,000 resistance level could trigger another bullish run. However, if Bitcoin fails to maintain its upward momentum, the next support level is positioned around US$27,400, with further support possibly at US$27,200. It's noteworthy that Bitcoin has demonstrated a remarkable year-to-date performance, surging by 65%, although it remains down by 59% from its all-time high. In parallel with Bitcoin, Ethereum closely followed a similar trajectory in its price action. Ethereum initiated an attempt at recovery, originating from the US$1,630 zone. Key resistance levels for ETH are seen at US$1,650 and then US$1,720. Failing to breach these immediate resistance levels could lead to a retracement, with the next crucial support situated at US$1,600. Despite a 66% decline from its all-time high, Ethereum has shown resilience in 2023, registering a 34% increase year-to-date.