Bitcoin and Ethereum Hit as Crypto Market Endures Selloff

BTC/USD (Pinagmulan: CoinGecko)  Bitcoin and Ethereum trended down early Friday in a broader selloff that‘s hit several of the market’s top cryptocurrencies. Per CoinGecko data, Bitcoin is pababa 7.3% in the past 24 hours, dipping from around $23,500 to $21,750 at press time. Ethereum has nawala 6.2%, trading at $1,730. The leading cryptocurrencies have rallied over the past few weeks, helped by renewed confidence in the market and widespread anticipation for Ethereums upcoming Pagsamahin to Proof-of-Stake. However, both assets have slumped over the past week as momentum wanes.  Many other major crypto assets were also hit in the downturn. When Bitcoin and Ethereum bleed, other cryptocurrencies with lower market capitalizations tend to drop in market value at a faster rate as panicked market participants rush to exit their positions. Dogecoin, poligon, MALAPIT, Solana, at Pagguho ng yelo have all posted double-digit losses over the past 24 hours.  One exception to the correction has been Gnosis, which is up 5.2% despite the market taking a hit. Gnosis Safe anounced that it would be airdropping a new token called SAFE to early users Thursday, which likely explains why Gnosis is holding up against the volatility.  After the cryptocurrency market bounced from its June lows throughout July

2022-08-19Ethereum

Ethereum Uptrend Vulnerable Unless It Surges Past $1,900

Source: ETHUSD sa TradingView.com  A clear move above the $1,880 resistance could even push the price above the $1,900 resistance. The next major resistance is near the $1,920 level, above which the price may perhaps move into a positive zone.  Marami pang Pagkawala sa ETH?  Kung ang ethereum ay mabibigo na tumaas sa itaas ng $1,880 na pagtutol, maaari itong magpatuloy pababa. Ang isang paunang suporta sa downside ay malapit sa $1,800 zone.  The next major support is near $1,780, below which ether price might accelerate lower. In the stated case, the price may perhaps decline towards the $1,750 level. Any more losses may perhaps open the doors for a move towards the $1,650 level.  Teknikal na tagapagpahiwatig  Oras ng MACD - Ang MACD para sa ETH / USD ay nakakakuha ng momentum sa bearish zone.  Oras ng RSI - Ang RSI para sa ETH / USD ay nasa ibaba ng 50 antas.  Major Support Level - $ 1,800  Major Resistance Level - $ 1,880

2022-08-19Ethereum

Ang Desentralisasyon ng Ethereum sa Malaking Panganib habang Nagho-host ang Amazon ng 52% ng Lahat ng Node sa Mga Data Center: Messari

Gamza Khanzadaev  Ang desentralisasyon ng Ethereum at Solana ay hindi kung ano ang tila, ayon sa ulat na ito  Crypto analytics portal Messiri pinalaya isang pag-aaral na nagpakita na sa 65% ng mga Ethereum node na matatagpuan sa mga sentralisadong data center, dalawang-katlo ng mga ito ay nagmumula sa tatlong pangunahing tagapagbigay ng data ng mga serbisyo sa web. Kaya, ang Hetzner, OVH at Amazon Web Services ay nagkakaloob ng 69% ng lahat ng mga node na matatagpuan sa mga data center. Bukod dito, ang pinagsamang bahagi ng Amazon dito ay 53.7%.  Kailangang mag-desentralisa ang Crypto.  Tatlong pangunahing tagapagbigay ng ulap ang may pananagutan para sa 69% ng 65% ng @Ethereum mga node na naka-host sa mga data center.  Ayon sa source, humigit-kumulang 95% ng lahat Mga node ng Solana ay naka-host sa mga data center at, kawili-wili, 72% sa kanila ay naka-host din ng tatlong web service provider na nakalista sa itaas. Iyon ay sinabi, ang Solana nodders ay tila mas binibigyang diin ang Hetzner, na mayroong 42% ng lahat ng mga sentralisadong blockchain node. Ang Amazon Web Services, sa kabilang banda, ay may hawak na mas mababa sa 3% ng mga node ni Solana.  Ang ulat ay nagtataas ng tanong kung ang Amazon ay

2022-08-19Ethereum

Heres Where BTC, ETH, SHIB, BNB & OP Prices Will Hit By End Of August

Bitcoin EthereumHeres Where BTC, ETH, SHIB, BNB & OP Prices Will Hit By End Of August08 / 18 / 2022Balita ng Ethereum ng Bitcoin  One of the closely followed crypto analysts and traders has come up with his analysis for a few of the largest cryptocurrencies.  An anonymous strategist known as Altcoin Sherpa believes that though Bitcoin (BTC) is hit with a downward price movement for a week now, he still believes BTC will hit back and reclaim the $28,000 range.  He is hoping for some higher highs in the days to come  At the moment, Bitcoin is selling at $22,766 after a fall of 3% over the last 24hrs.  Ethereum (ETH)  Next, Altcoin Sherpa talks about the second largest cryptocurrency by market cap, Ethereum (ETH). He compares ETH against BTC and asserts, that in May 2021 and January 2022 Ethereum was valued at 0.082400 BTC.  He then expects ETH/BTC to go higher in the near future.  Currently, Ethereum is changing hands at $1,817 with a pullback of 2.31% in the last 24hrs.  Binance Coin (BNB)  The next currency that has caught the analyst‘s attention is the Binance exchange’s native currency, Binance Coin (BNB). The analyst speaks about October 2021 when BNB was trading between $260 and $322.  For now, he

2022-08-19Ethereum

Ethereum: the Merge will not reduce fees

EthereumEthereum: the Merge will not reduce fees08 / 18 / 2022Balita ng Ethereum ng Bitcoin  Ang Ethereum Foundation has updated the ethereum.org pahina ng website dedicated to the Merge.  Merge: the change will not reduce fees  Prominent among the changes is the addition of a paragraph titled “Misconception: The Merge will reduce gas fees”.  This paragraph says that the idea that the change in the consensus mechanism, with the shift from Proof-of-Work hanggang Proof-of-Stake, will expand network capacity resulting in lower gas fees is false.  Fees are a product of the demand for transactions to be recorded on the blockchain, and the Merge will not significantly change any parameters that directly affect the ability to record on-chain transactions.  Reducing fees, on the other hand, will only be possible by resorting to layer 2 solutions, such as rollups, with layer 1 unchanged in this respect.  However, the move to PoS on layer 1 will act as a key precursor to expanding the possibility of using layer 2 solutions that will effectively reduce fees.  In other words, just as happened with Bitcoin, with the introduction of the Layer 2 Lightning Network, on Ethereum too it will be off chain transactions that will enable a significant reduction in fees.  It is enough

2022-08-19Ethereum

Coinbase CEO Would Shutdown ETH Staking Service if Asked to Bend to Regulators

EthereumIsasara ng CEO ng Coinbase ang ETH Staking Service Kung Hihilingin na Yumuko sa Mga Regulator08 / 18 / 2022Balita ng Ethereum ng Bitcoin  Brian Armstrong – CEO of Coinbase – stated on Thursday that he would refuse to censor the Ethereum blockchain using his platforms concentrated stake in the protocol.  If compelled by the government to do so, hed rather shut down the service.  Armstrong made his intentions clear in response to an Ethereum developers tanong concerning the centralization of staked ETH. According to Dune Analytics, 66% of ETH staked on the beacon chain is held by entities that are regulated by the Office of Foreign Assets Control (OFAC).  As such, the developer asked the leaders of some of the larger staking entities – including Coinbase – whether theyd collude to censor transactions if compelled to do so by the OFAC.  Armstrong Nasagot that if Coinbase were put in that position, he thinks theyd opt to shut down their staking service, rather than outright comply.  “Got to focus on the bigger picture,” he said. “There may be some better option (C) or a legal challenge as well that could help reach a better outcome.”  “Its a hypothetical we hopefully wont actually face,” he added.  Ang OFAC sanctioned

2022-08-19Ethereum

Staked ETH at New All-Time Highs in Anticipation of Septembers Merge

EthereumItinatak ang ETH sa Bagong All-Time Highs sa Pag-asam ng Pagsama-sama ng Setyembre08 / 18 / 2022Balita ng Ethereum ng Bitcoin  Ethereum sent to the ETH 2.0 staking contract continues to gradually increase, despite the assets price movements.  This comes just a month or so before the Merge is supposed to take place, according to the development team.  As data from Dune Analytics shows, the number of ETH sent to the staking contract has exceeded 13.2 million, while the unique depositors are just under 80,000.  The graph below demonstrates the gradual increase of ETH locked in the staking contract and that it has tapped a new all-time high in terms of ether.  The USD value had skyrocketed to just shy of $24 billion, which is far from the peak reached last year when ETH stood close to $5,000.  ETH Staked on ETH 2.0 Contract. Source: Delphi Digital  The impressive numbers come as the team behind Ethereum continues to update on the developments regarding the transition from PoW to PoS.  Kilala bilang ang Pagsamahin, its arguably the most anticipated event in the cryptocurrency industry this year.  It‘s supposed to make Ethereum less energy intensive and enhance the network’s robustness, among other benefits.  Many prominent crypto insiders believe it will have a

2022-08-19Ethereum

We Could Shut Down ETH Staking Under Regulatory Threat

EthereumMaaari Naming I-shutdown ang ETH Staking Sa ilalim ng Regulatory Thret08 / 18 / 2022Balita ng Ethereum ng Bitcoin  Brian Armstrong, CEO of the American crypto exchange Coinbase, responded on Thursday to a hypothesis raised on Twitter, where he said his company would shut down its Ethereum validator node if regulatory authorities mandate U.S.-based exchanges to censor Ethereum mga transaksyon.  Armstrong Opts For Shutting Down ETH Staking  The hypothesis was raised on Sunday by Lefteris Karapetsas, CEO of open source portfolio tracker Rotkiapp, who tagged several crypto-based entities, Coinbase inclusive.  In his hypothesis, Karapetsas raised two options. The options were whether these organizations would comply with regulatory authorities in censoring Ethereum transactions, or shut down the Ethereum staking service altogether.  While the matter is only an assumption, Armstrong went for the latter option, believing that shutting down his companys node will be a protection for the blockchain network at large, saying that he is focusing “on the bigger picture”.  It is noteworthy that a shut down of this kind will also affect the companys recently launched ETH staking service for institutional users on its platform in early August. In his comment, however, the Coinbase boss proved optimistic, as he added that “some better option (C)” might

2022-08-19Ethereum

Here’s What’s Next for Bitcoin, Ethereum, Binance Coin and a Leading Dogecoin Rival, According to Crypto Trader

Bitcoin crypto EthereumHere‘s What’s Next for Bitcoin, Ethereum, Binance Coin and a Leading Dogecoin Rival, According to Crypto Trader08 / 18 / 2022Balita ng Ethereum ng Bitcoin  A popular analyst is providing price target updates for a handful of crypto assets as the markets fight to wrap up the week in positive territory.  Ang pseudonymous na mangangalakal na kilala bilang Altcoin Sherpa nagsasabi his 181,400 Twitter followers that after a week of choppy downward price movement, he still believes Bitcoin (BTC) has enough strength to recapture $28,000 in the near future.  “Still expecting this low to hold for now. Would like to see a sustainable higher high coming, still going to assume $28,000 is coming until shown otherwise.”  Source: Altcoin Sherpa / Twitter  Bitcoin is trading even on the day, but at $23,430, it remains down 7% from its weekly high of $25,203.  The chart guru next suriin Ethereum (ETH) against the Bitcoin trading pair, calling attention to May of 2021 and January of this year where ETH was also worth around 0.082400 BTC.  What do we think, will this go to the highs? ETH/BTC has still shown incredible strength.  Although I think the bulk of the merge narrative is done, this could still go to the highs.  Source:

2022-08-19Ethereum

Chainlink (LINK) and One Ethereum (ETH) Rival Could Explode by Up to 50%, Says Top Crypto Analyst

crypto EthereumAng Chainlink (LINK) at Isang Karibal ng Ethereum (ETH) ay Maaaring Sumabog ng Hanggang 50%, Sabi ng Top Crypto Analyst08 / 18 / 2022Balita ng Ethereum ng Bitcoin  Widely followed crypto trader and analyst Michaël van de Poppe is predicting that two altcoins could surge by up to 50%.  Starting with decentralized oracle network Chainlink (LINK), Van de Poppe nagsasabi his 622,600 Twitter followers that the 25th-largest crypto asset by market cap could rally by nearly 50% to $12 if the $8 price level holds as support.  Id like to see LINK sustain above $8.  If thats the case, the trend should continue upwards, and it could run towards $12.  Pinagmulan: Michael van de Poppe / Twitter  Ang LINK ay nakikipagkalakalan sa $ 8.11 sa oras ng pagsulat.  Next up is the native token of the smart contract-enabled blockchain, Fantom (FTM). According to the analyst, the Ethereum competitor could pagyurak by between 40% and 50%.  Fantom looks ready for continuation, as we still hold crucial levels here.  – Standard correction of 15%.  – Daily order block sustaining support.  – Continuation might lead to a rally of 40-50%.  Pinagmulan: Michael van de Poppe / Twitter  FTM is trading at $0.358 at the time of writing, after falling by about 12% over the past

2022-08-19Ethereum
1
...
689691
...
1000