Ethereum’s Eclipse Appoints New CEO Amid Allegations

Crypto Firm, Crypto News, Eclipse Labs, ETH, Ethereum, Ethereum L2, Ethereum Layer 2, ETHUSDT, VC firms

Neel Somani, Founder of Ethereum Layer-2 Blockchain Eclipse, has been replaced as Chief Executive Officer (CEO) due to accusations of sexual misconduct. Eclipse Labs announced Vijay Chetty, the company’s Chief Growth office (CGO), as the new CEO, taking over Somani’s responsibilities. Ethereum L2 Eclipse Changes Leadership Eclipse Labs is a software firm that “contributed to […]

US DOJ Accuses Brothers Of $25M Ethereum Fraud Linked To MEV Attack |

Crypto, Crypto News, Crypto regulation, cryptocurrencies, Cryptocurrency, ETH, Ethereum, Ethereum (ETH), Ethereum Attacks, ethereum news, ethusd, ETHUSDT, US crypto regulation

The US Department of Justice (DOJ) has arrested two brothers accused of orchestrating an attack on the Ethereum blockchain that resulted in the theft of $25 million worth of crypto.  Anton Peraire-Bueno of Boston and James Pepaire-Bueno of New York are charged with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money […]

Bitcoin Backers Return: Weekly Crypto Investments Bounce Back With $130 Million

Bitcoin, Crypto, digital currency, ETFs, Ethereum

After five weeks of fleeing the digital asset market, investors are cautiously dipping their toes back in, with Bitcoin (BTC) emerging as the clear favorite. A recent report by CoinShares reveals a net inflow of $130 million into crypto investment products, marking a potential turning point after a period of sustained outflows. US Investors Lead […]

Gas Gone Cheap! Ethereum Fees Plunge 93% To Rock Bottom Prices

Altcoins, Crypto, Crypto News, ETH, Ethereum, ethusd, Gas

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 […]

Can Ethereum Maintain Momentum? Key Levels To Watch

Altcoins, Crypto, ETH, Ether, Ethereum, Price Analysis

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 […]

Ethereum Gas Fees Plunge To Lowest Since 2020: Is This The End Of High Costs?

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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 […]

Ethereum Is Down 30% From 2024 Highs: Why Is This Analyst Super Bullish?

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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 […]

Bitcoin & Ethereum Decouple From Trad Markets, What It Means

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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. […]

SEC Chair Gensler: Crypto Represents ‘Outsized’ Share Of Scams And Fraud In Overall Markets |

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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 […]

CFTC Chair Predicts Tsunami Of Crypto Enforcement Actions In Next 2 Years |

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As the US Securities and Exchange Commission (SEC) continues to scrutinize crypto industry players, including Robinhood, Binance, Coinbase, and Ripple, the Chair of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, warns of an impending surge in enforcement actions.  Crypto Faces Inevitable Wave Of Enforcement Actions At the Milken Institute’s 27th annual Global Conference, Behnam […]

Are Ethereum And XRP Securities? Ripple CEO Weighs In On The Debate

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The US Securities and Exchange Commission has long been at loggerheads with the crypto industry, especially concerning the security status of some cryptocurrencies. Ripple CEO Brad Garlinghouse recently had some strong opinions on the matter that he’s not afraid to share. While speaking at an interview, Garlinghouse noted that the SEC is “grossly wrong” in […]

Ethereum Bounces Back Strongly After $2,871 Support Rejection |

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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 […]