According to Coin Market Cap, Bitcoin dominance is currently 66.6%. This hasn’t gone well for altcoins that bleed daily. Some analysts believe that altcoin season is coming to take back a chunk of the market cap from bitcoin. Alt season happens when all other cryptos except bitcoin grow exponentially. It is a season that many crypto traders look forward to. During this alt season, many coins rise by twice their value and may even go as high as a hundred times their value. Continue reading Altcoin Season Is Coming, What Does This Mean For XRP, Tron, Ethereum and Others? at Smartereum.
Ethereum developers are having trouble scaling the most prominent smart contract platform in the world. Ethereum and The Bitcoin Cash Gambit It’s that simple. Scaling something worth billions of dollars without breaking it is a monumental task. Development roadmaps have regularly been delayed. Founder and Ethereum developer Vitalik Buterin thinks that the next era of […] The post Bitcoin Maximalists Celebrate Ethereum’s ‘Demise’ amid Founder’s Scaling Concern appeared first on CCN Markets
With the rise in crypto adoption, heavyweights of the crypto ecosystem are moving forward with the aim to improve the existing security standards and speed, in order to gain an edge over others. One of the major influencers in the crypto ecosystem, Vitalik Buterin shared his view to infuse a scalable data layer for detecting […] The post Vitalik Buterin weighs Bitcoin Cash Vs. Ethereum for network scalability appeared first on AMBCrypto.
The ETH 20 Day Moving Average Set acts as a “tokenized trading bot,” said Felix Feng, Set Protocol CEO.
Ethereum co-founder Vitalik Buterin believes that Bitcoin Cash has the best network to become a temporary scalability solution for Ethereum. Ethereum co-founder Vitalik Buterin has proposed to using the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The programmer introduced a summary of the idea in a July 13 post on the Ethereum Research. As previously reported, the Ethereum network has experienced some scalability issues, with its native blockchain capable of processing as few as 15 transactions per second (TPS), while its major competitor Ripple is reportedly estimated to have a TPS capacity of 1,500. As such, the Ethereum community has been working on Ethereum 2.0, a major network upgrade that is expected to improve its scalability once ETH shifts from proof-of-work to the proof-of-stake algorithm. While the first stages of the Ethereum 2.0 shift are expected to come in early 2020, Buterin has now suggested…
Crypto Winter May be Imminent as Bearish Pressure Hampers Progress of Cardano, Ethereum and other Digital Assets
It appears a crypto winter is imminent considering the current state of the market. The major tokens have dropped in value in the last 2 days and over the last week. Coins like Cardano (ADA), Ethereum (ETH) and market leader Bitcoin (BTC) are just a few notable mentions among the many tokens that have suffered steep falls in the last 2 days of trading. If the current wave isn’t averted soon, then we can expect a fresh crypto winter at any time. Continue reading Crypto Winter May be Imminent as Bearish Pressure Hampers Progress of Cardano, Ethereum and other Digital Assets at Smartereum.
MakerDao’s stablecoin, Dai, which is collateralized with cryptocurrency [Ethereum by default], is collapsing, according to Preston Byrne. In his tweet thread, Byrne described that the peg for Dai has been weakening over the years and his prediction of it being “a bunch of twaddle” had turned out to be true. Since Dai is massively overcollateralized […] The post Will Ethereum-collateralized DAI resuscitate or will it collapse? appeared first on AMBCrypto.
Bloody Monday has been a harsh start to the week for many crypto assets, including Ethereum. Bitcoin’s return to four figures has caused a digital avalanche for altcoins as markets bleed out over $35 billion in 24 hours. Ethereum Crushed But Not All Bad It certainly looks bad when the second largest crypto asset on the planet gets trounced by around 18% in 24 hours. Ethereum was trading at over $265 this time yesterday and now it is hovering around $225. A flash crash yesterday dumped ETH down to $190 but it did not stay there for long. The following bottom was just above $200 according to Tradingview.com, and there has been little recovery back from that since. ETH prices 1 hour chart – Tradingview.com Ethereum recovered slightly to around $225 which is still down 27% on the same time last week. From its 2019 high of over $350, Ethereum…
Overnight, within merely hours, the valuation of the crypto market dropped by $28 billion as major assets in the likes of Ethereum and Litecoin fell in the range of 11 to 15 percent. Analysts have largely attributed the correction to a technical move given the 200 percent year-to-date gain of bitcoin since January. Market largely […] The post Ethereum Price Nosedives 15% in Crypto Market’s $28 Billion Wipeout appeared first on CCN Markets
Ethereum has had a tumultuous 24 hours, as the price dropped dramatically overnight, seeing one of the biggest percentage drops in Ethereum this year.
While Bitcoin is hurting form its latest dip, its nothing compared to the world of pain current being felt by altcoins, feeling the burn more than most is Ethereum which recently incurred a flash crash on Bitstamp crashing its price right down to $191, unfortunately for ETH holders, analysts believe the pain isn’t over yet…
On the 10th of July, ETH broke down from the current uptrend at around $290 visible in my ethereum price previous analysis. Since then, price levels have dropped back to support levels around $230 resulting in a 20% move in favor of the bears. Price levels look poised to drop further which will result in a much-needed correction. Ethereum Price Analysis: 4 Hour Chart On the 4 Hour ethereum price analysis chart for ETH/USD we can see the uptrend that took price levels to it’s yearly high of around $360. Since then price action has broken this up-trend and dropped 20%. It’s likely we’ll see a correction play out over the next 1/2 weeks. Volume has dropped significantly in comparison to volume levels throughout May. Key support levels to look out for during the remainder of this correction playing out on ETH are $226, $187, $165. RSI is currently the…
Due to human error and fat fingers, Tether accidentally printed $5 billion of its fiat-pegged cryptocurrency out of thin air. Oops. The mistake occurred when the Tether team was in the process of moving tokens from the Omni Layer to the Tron blockchain. What was meant to be a $50 million transfer became $5 billion […] The post Oops! Tether ‘Accidentally’ Created $5 Billion in Crypto Out of Thin Air appeared first on CCN Markets
Stablecoin operator Tether mistakenly minted five billion USDT tokens on the Tron blockchain. Stablecoin operator Tether accidentally minted and subsequently burned 5 billion USDT tokens, Whale Alert tweeted on July 13. Whale Alert — a Twitter account dedicated to reporting large cryptocurrency transactions — noted that 50 million USDT tokens were transferred from cryptocurrency exchange Poloniex to the Tether Treasury via the Omni protocol on the Bitcoin (BTC) blockchain. The account subsequently reported that Tether Treasury minted 5 billion USDT tokens on the Tron blockchain, after which it burned them. Then, Tether minted another 50 million USDT on the same chain, burned another 4.5 billion USDT, and finally transferred 50 million Tron-based USDT tokens to a wallet presumably belonging to Poloniex. In a tweet, Tether CTO Paolo Ardoino explained that Tether meant to perform a swap of 50 million Omni-based USDT tokens to the Tron blockchain, but a mistake was…
However, if the support level is broken the crypto’s price will fall to the low of $5.50 price level. On June 2, the bulls reached a high of $9.50 but could not break the resistance level. ETC/USD Long-term Trend: Bearish Resistance levels: $6, $6.5, $7.0 Support levels: $5.50, $5.0, $4.5 The ETC market was in […]
Yesterday Tether’s minting of 5 billion USDT was noted by the ever-vigilant Whale Alert, becoming the largest amount printed by the firm in its nascent history. This was later confirmed to be an accident, so what exactly happened?
Accident happened while making the swap from Omni to Tron Bitfenix and Tether CTO, Paolo Ardoino said “sometimes issues happen” when working with different blockchains Controversial stablecoin, Tether is yet again in the hot waters after the Tether Treasury “accidentally” created 5 billion USDT instead of the required 50 million. The Accident with the Token […]
It has been at least a full week since the latest debacle involving Tether and USDT got some attention. This long wait is now over, by the look of things, as the company successfully printed $5bn USDT in quick succession, prior to burning the majority of these tokens shortly after. Speculation is running wild as to what has been going on exactly and why this was even possible in the first place. The 5bn USDT Inflation by Tether There are dedicated Twitter accounts which keep track of any unusual development affecting the world’s leading cryptocurrencies, tokens, and assets. The Whale_Alert account is renowned in this regard, as it shows how things can easily get out of hand for unknown reasons. This account gained a lot of attention a few hours ago a sit reported a new influx of USDT tokens created by Tether. However, it seems the total amount of…
A bleeding market was seen when Bitcoin suddenly fell by 4.89% in an hour, immediately pursued by the altcoins. Ethereum and Litecoin were the major coins that faced the falling king coin’s brunt. Bitcoin [BTC] After noting a fall of 4.89% in an hour, the king coin was valued at $10,785.55 with a market cap […] The post Bitcoin slips by 4.89% in an hour; Litecoin and Ethereum go down the slippery slope appeared first on AMBCrypto.
This weekend has been a bearish one for the cryptocurrency market as a whole. In the top 20, 18 cryptos are in the red zone. Bitcoin is one of them and has fallen below $11,500. The coin is presently trading at $11,396. All altcoins except two are also in the red. XRP has been on a downward slope and is still struggling to reach $0.5. the US stock market didn’t have a good Friday as well. Continue reading XRP and Ethereum Deep In the Red Zone As Chainlink and Monero Shine at Smartereum.