An ancient Ether wallet, dormant for eight years, suddenly transfers $116 million worth of pre-mined ETH to Kraken exchange, sparking intrigue and speculation. Key Points An extremely old Ether wallet that had been dormant for eight years suddenly came back to life, transferring pre-mined ETH worth $116 million to a Kraken wallet address. These tokens were accumulated during a sale …
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Circle Internet Financial Ltd. is expanding into Asia’s cryptocurrency markets, focusing on Hong Kong, and closely monitoring its evolving crypto regulations to establish itself as a digital asset hub. Key Points Ethereum, the leading blockchain-based software platform, has announced the launch of the Devconnect Istanbul Scholars Program. This program aims to provide financial assistance to geographically and demographically marginalized individuals …
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Important Points The world of cryptocurrency experienced a tumultuous Tuesday as traders scrambled to cover their shorts amidst a surge in bullish sentiment towards Bitcoin and Ethereum. In just a matter of hours, over $127.98 million in shorts were liquidated, sending shockwaves through the market. As the dust settles and the market begins to stabilize, experts continue to debate the …
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According to Bloomberg, Singapore regulators are working with police to develop uniform guidelines for banks to aid in screening potential crypto clients. The guidelines aim to help banks optimize their procedures for vetting potential crypto clients who want to open accounts. The Monetary Authority of Singapore (MAS) and police have been working with lenders in the city-state to establish uniform …
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The global stock exchange operator Nasdaq is set to launch its crypto custody services by the end of June 2023. The move signifies an increasing interest in the cryptocurrency industry by institutional investors despite widespread regulatory uncertainty and suspicion of cryptocurrencies in some countries. Nasdaq has applied to the New York State Department of Financial Services for a limited-purpose trust …
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Supply chains are the backbone of any business, ensuring that products and services are delivered to the end customer efficiently and effectively. However, the complexity of global supply chains often results in opaque and fragmented systems that lack transparency, making it challenging for stakeholders to track and verify the movement of goods and services. Fortunately, blockchain technology, and specifically Ethereum, …
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Crowd sentiment towards Ethereum is still negativeNegative sentiment usually precedes a price increment by Ethereum$2,800 is still the level to break for Ethereum to return to bullishnessHistorically, Ethereum’s gains during the second half of any year, have been lower than the first halfEthereum has a 50:50 chance at ending the month of June on a high noteCrowd sentiment surrounding Ethereum …
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Ethereum’s intense 2020 uptrend turned parabolic in early February when the cryptocurrency rallied to highs of $290, which is where the crypto lost its strength and began plummeting back towards where this rally began. The crypto has been able to find significant support around the lower-$200 region that has bolstered its price action in the time following its recent selloff. …
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Like Bitcoin, the past few weeks have seen Ethereum consolidate. The second-largest cryptocurrency has established a base of support around $220, trading within practically 10% of that level for all of the past ten days. But according to a trader, ETH may soon rally to fresh local highs above $290 — 20% above the current market price of $237 — …
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As reported by Ethereum World News just a few hours ago, Bitcoin and the rest of the crypto market haven’t been doing too well. In fact, Ethereum, along with practically all other altcoins, has collapsed over 10% (compared to BTC’s relatively measly 7% loss or so) in the past day alone, marking a brutal loss for bulls. The price of …
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