Ethereum users are rejoicing over a dramatic drop in gas fees, with the network experiencing its lowest point since early 2020. This translates into significantly cheaper transactions, making the platform more accessible for everyday users and developers. However, experts caution that this fee fiesta might be temporary, raising questions about the long-term health of the […]
Ethereum, the world’s second-largest cryptocurrency, has been on a rollercoaster ride lately, dipping below the psychologically important $3,000 threshold only to claw its way back, Ethereum’s price action has been a confusing mix of bullish and bearish signals. Bullish Whispers: New Investors And Short-Term Spikes A glimmer of hope emerged for Ethereum bulls with a […]
In a significant development for Ethereum, the average gas fee on the network has dropped to 6.8 Gwei, marking the lowest level since January 2020, as shown by YCharts. This decrease in gas fees has made all on-chain operations, including asset swaps, cross-chain bridging, and non-fungible token (NFT) minting, considerably more affordable for users. Ethereum […]
While Ethereum struggles to regain the Q1 2024 momentum, currently tethered close to the psychological $3,000 level, one trader remains bullish. Taking to X, the analyst posts several reasons to negate concerns by skeptics even with the coin trading 30% from March 2024 highs when prices broke above $4,000. By this take, doubts about future gains could […]
Data shows that Bitcoin and Ethereum correlate little to traditional markets, implying that cryptocurrency is forging its destiny. Bitcoin & Ethereum Have Been The Master Of Their Fates Recently According to data from the market intelligence platform IntoTheBlock, the correlation between BTC and ETH with traditional markets and commodities has been close to zero recently. […]
Reports unveiled that part of the stolen funds from crypto exchange Poloniex have been moved for the first time. After six months, one of the identified accounts where the exploit proceedings were sent in November 2023 transferred $3.5 million to a crypto mixer. Stolen Funds Transferred For The First Time On Monday night, one of […]
In a recent interview with CNBC, Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his concerns regarding the crypto industry, emphasizing its alleged association with scams, fraud, and compliance issues within the broader market. Compliance With Securities Laws In Crypto Gensler began by acknowledging that while cryptocurrencies constitute a relatively small segment of the […]
On Wednesday, ETH, the native coin of the Ethereum blockchain experienced a significant rejection at the resistance level of $2,871. Since this rejection, the price of Ethereum has gained a significant upward movement of over 9% and showing signs of even moving further. At the time of writing, the price is still showing strong signs […]
Newly disclosed court filings have shed light on the belief of the US Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, that Ethereum (ETH) is an “unregistered security” under the Howey Test, which is considered by the vast majority of crypto advocates to be an outdated legal framework for regulating crypto assets. According […]
On-chain data shows the Ethereum transaction fees is now at its lowest since October 2023. Here’s what it could mean for the cryptocurrency. Ethereum Transfer Fees Has Recently Plunged To A Low Of $1.12 According to data from the on-chain analytics firm Santiment, the average fee on the Ethereum network has dropped to low levels […]
Franklin Templeton’s Ethereum Spot ETF ticker has appeared on the Depository Trust and Clearing Corporation (DTCC) list, indicating a possible signal that the United States Securities and Exchange Commission (SEC) could approve Ethereum ETFs. Franklin Templeton’s Spot Ethereum ETF Gets Listed By DTCC On Friday, April 26, the proposed Ethereum Spot ETF of American multinational […]
Taking to X on April 26, one analyst notes that there is a high probability of Ethereum spiking in the sessions ahead because of thinning sell-side liquidity across major centralized exchanges like Binance and Coinbase. Thin Sell-Side, Big Potential Move For ETH Thinning sell-side liquidity, as seen on order books across CEXes, means that few sellers are […]