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Price analysis 4/18: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT
18.4.2022
Bitcoin and select altcoins slipped below their immediate support levels, opening the door for further downside
Ethereum Foundation’s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether
18.4.2022
On Monday, the Ethereum Foundation (EF) published a financial report that shows the foundation currently holds $1.6 billion in its treasury. $1.3 billion of the treasury’s assets are held in cryptocurrencies while the rest of the treasury is composed of non-crypto investments and assets....
Ethereum’s Dark Underbelly Shows That Even in Crypto, Trust Matters
18.4.2022
Laura Shin’s book “The Cryptopians” illustrates why
Square Enix President Still Insists Future Of Gaming Features Blockchain Tech
18.4.2022
Remember back in January when Square Enix president Yosuke Matsuda published that terrible letter hyping up a future where video games would feature NFTs and blockchain tech? Well, even though a lot of players and devs criticized the letter, Matsuda ain’t backing down. And in a new interview,...
Bitcoin, Ethereum Technical Analysis: BTC Hits 1-Month Low, Following Easter Selloff
18.4.2022
Following a weekend of bearish pressure, BTC’s price fell to its lowest level in over a month. ETH also neared a one-month low, which came as prices once again slipped below $3,000. Overall, the cryptocurrency market cap is down nearly 4% as of writing. Bitcoin Bitcoin fell to a one-month...
Which Cryptocurrency Should I Purchase: Solana (SOL), Ethereum (ETH), Or Seesaw Protocol (SSW)?
18.4.2022
Introduction Compared to the phenomenal growth of the crypto sector in 2021, the first several quarters of 2022 have been quite regressive… The price of several popular cryptocurrencies, like Ethereum (ETH) and Solana (SOL), have been stagnant for the past week. Still, the all green bull life...
Ethereum Foundation’s Crypto Holding Made Up of 99% ETH
18.4.2022
The Ethereum Foundation (EF), the organization responsible for allocating financial support within the Ethereum (ETH) ecosystem, had USD 1.3bn invested in crypto as of the end of last quarter, with the vast majority of that held in ETH, according to the foundation’s latest report....
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Bitcoin, Ethereum Bears Gain Control, STX Accelerates
18.4.2022
Bitcoin price failed to stay above the USD 40,000 pivot level and extended decline below the USD 39,200 support level. It is currently (12:00 PM UTC) trading below USD 39,100 and might decline below USD 38,500.
Similarly, most major altcoins are gaining bearish momentum. ETH declined below...
Liquidations Soar in Crypto Market while Some Traders Hope for ‘Upcoming Bounce’
18.4.2022
The crypto market saw a broad sell-off led by ethereum (ETH) and other major layer 1 competitors falling between 4% and 7% over the past day. The fall led to a spike in liquidations, with some popular traders now speculating that the market could be getting ready for a reversal higher....
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MetaMask Issues Warning About Phishing Attacks Via iCloud After a User Lost USD 650K
18.4.2022
Popular software crypto wallet MetaMask has issued a warning about possible phishing attacks through Apple’s cloud service iCloud. The warning comes after scammers managed to steal USD 650,000 worth of crypto using this attack vector....
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Ethereum Network Reaches Lowest 6-Month Figure in Gas Fee
18.4.2022
A gas fee for the Ethereum network is a fee that compensates for the consumption of energy that is spent in processing and validating a transaction. The users pay the Ethereum gas fee for every transaction they perform. Value depends on the network congestion and demand for particular services...
Beanstalk Hacker Drains USD 182M from Project, But Nets Only USD 80M
18.4.2022
Beanstalk, a decentralized credit-based stablecoin protocol, fell victim to a flash-loan attack over the weekend that saw the protocol exploited for USD 182m worth of crypto. However, the attacker managed to cash out 'only' USD 80m.
According to blockchain security firm PeckShield, the attacker...
Bitcoin and Ethereum Keep Trending Lower, Altcoins Increase Losses, DCR Rallies
18.4.2022
Bitcoin price remained in a range below the USD 41,200 resistance zone. BTC is currently (04:27 UTC) moving lower and trading below USD 39,500. If the bears remain in action, the price could drop to USD 39,000. It’s now down almost 3% in a day and 7% in a week....
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NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales
17.4.2022
Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% this week. Moreover, over the last seven days, an...
Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
17.4.2022
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners...
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
17.4.2022
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized fees have slid below $4 per transaction. Moreover, layer...
NBA Launches Initiative Dedicated to Web3, Metaverse, and NFT Collectibles
16.4.2022
This week, the National Basketball Association (NBA) announced the launch of its own non-fungible token (NFT) initiative called “NBAxNFT.” According to the professional basketball league, the goal is to showcase “all things intersecting basketball and Web3, including NFTs...
ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract
16.4.2022
According to the project’s official Twitter account, Tornado Cash, the ethereum mixing service that allows participants to shuffle ether, is blocking flagged ethereum addresses listed on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals And Blocked Persons...
Crypto Gaming 'Landlords' Upset They Can't Keep Exploiting All The Players Quitting
16.4.2022
Axie Infinity is the crypto-backed Pokémon clone in which cute little creatures that double as NFTs battle for fun and profit. It’s also a pyramid scheme that relies on cheap labor from countries like the Philippines to fuel its growth. Now, fictional inflation, combined with a historic crypto...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Prices Mainly Unchanged to Start the Weekend
16.4.2022
Prices of ETH and BTC were mainly unchanged to start the weekend, as market activity slowed, mainly due to the Easter holiday. Price consolidation comes after a week of bearish pressure that sent the world’s two largest cryptocurrencies towards key support levels. Bitcoin Bitcoin was once...