Ethereum Price Is Showing Early Signs of Fresh Increase, But This Resistance Is Key

Ethereum  Ethereum Price Is Showing Early Signs of Fresh Increase, But This Resistance Is Key  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum is holding the key support near $1,875.  Ang presyo ay kinakalakal sa ibaba $1,920 at ang 100-oras na Simple Moving Average.  Nagkaroon ng isang pahinga sa itaas ng isang pangunahing linya ng trend ng bearish na may pagtutol na malapit sa $ 1,900 sa oras-oras na tsart ng ETH / USD (data feed sa pamamagitan ng Kraken).  The pair could gain pace if it clears the $1,920 and $1,940 resistance levels.  Ethereum Price Could Start Fresh Increase  Ethereums price declined again below the $1,900 support. However, ETH bulls were active near the $1,875 level. It seems like a double bottom pattern is forming near the $1,875 level.  A low is formed near $1,875 and the price is now attempting a fresh increase. It broke the $1,900 resistance level. There was also a break above a key bearish trend line with resistance near $1,900 on the hourly chart of ETH/USD. The pair cleared the 50% Fib retracement level recent drop from the $1,944 swing high to the $1,874 low.  Ether is now trading below $1,920 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is

2023-07-19Ethereum

Big Whale Suddenly Transfers All 61,216 ETH To Kraken After 8 Years Of Hibernation

Ethereum  Big Whale Suddenly Transfers All 61,216 ETH To Kraken After 8 Years Of Hibernation  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  On the morning of July 19, many crypto investors on Twitter were bewildered because the movement of an Ethereum whale wallet containing 61,216 ETH (worth $116.3 million) had resumed after eight years of sleep.  Concerns about the ETH mentioned above wallet increased when it immediately transferred all assets to the Kraken exchange, as noted by Etherescan.  Currently, the true purpose of this ETH whale has yet to be discovered. Many people quickly came to the conclusion that $120 million of ETH is about to hit the market.  In particular, this is a pre-mine wallet, meaning that this wallet received ETH before the ICO event of Ethereum in 2015. Therefore, there has been a lot of speculation about the owner of this wallet. It could belong to one of the founders of Ethereum, a private investor or a particular core member of the Ethereum Foundation.  There is also speculation that the owner of the wallet may have known in advance that news could be detrimental to Ethereum in the near future and decided to sell off the asset to hedge risks.  This argument is with foundation,

2023-07-19Ethereum

Bitcoin Bulls Keeps Pushing, Why Fresh Increase To $31K Seems Likely

Bitcoin  Patuloy na Nagtutulak ang Bitcoin Bulls, Bakit Malamang na Tumaas Hanggang $31K  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Bitcoin is slowly moving higher from the $29,500 level.  Ang presyo ay kinakalakal sa ibaba $30,200 at ang 100 oras-oras na Simple moving average.  Mayroong isang pangunahing linya ng bearish na bumubuo sa paglaban na malapit sa $ 30,100 sa oras-oras na tsart ng pares ng BTC / USD (feed ng data mula sa Kraken).  Ang pares ay maaaring magsimula ng isang disenteng pagtaas kung mayroong malapit sa itaas ng $30,200 na pagtutol.  Ang Presyo ng Bitcoin ay Layunin na Mas Mataas  Bitcoin price followed a bearish path below the $30,200 pivot level. BTC even broke the $29,850 level and tested the $29,500 level. A low is formed near $29,500 and the price is now attempting a fresh increase.  The price climbed above the $29,850 and $30,000 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $30,448 swing high to the $29,500 low. The price is now consolidating near $30,000.  Bitcoin price is still trading below $30,200 and the 100 hourly Simple moving average. Immediate resistance is near the $30,080 level. There is also a major bearish trend line forming

2023-07-19Bitcoin

Aave Launches New Algorithmic Stablecoin GHO on the Ethereum (ETH) Mainnet

Ethereum  Aave Launches New Algorithmic Stablecoin GHO on the Ethereum (ETH) Mainnet  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Lending and borrowing platform Aave (AAVE) has launched a new decentralized stablecoin on the Ethereum (ETH) mainnet.  The dollar-pegged stablecoin, called GHO (GHO), is governed by the Aave decentralized autonomous organization (DAO).  Nader Dabit, the director of developer relations at Aave, sabi ni that GHO is an “overcollateralized” stablecoin.  Kumuha sabi ni in GHO‘s launch announcement that the stablecoin is transparent and committed to the protocol’s community.  More than 2.7 million GHO tokens have already been minted on Ethereum since the stablecoin opisyal na inilunsad on Saturday, according to the projects website.  GHO fell from its dollar peg to a low of around $0.978 at one point on Sunday. It is trading at $0.982 at time of writing.

2023-07-19Ethereum

XRP Unseats Bitcoin As The Most Traded Crypto Asset, Demonstrating High Confidence ⋆ ZyCrypto

Bitcoin crypto  Inalis ng XRP ang Bitcoin Bilang Ang Pinakakalakal na Crypto Asset, Nagpapakita ng Mataas na Kumpiyansa ⋆ ZyCrypto  Balita ng Ethereum ng Bitcoin  The tides are shifting the crypto market of late. Frenzied trading has pushed XRP to garner trading volumes higher than those of Bitcoin, otherwise leading the pack in trading volumes. The positive sentiment around XRP comes after Ripples legal win against the U.S. Securities and Exchange (SEC).  XRP Trading Volume Dwarfs Bitcoins  XRP has flipped Bitcoin to become the crypto asset with the highest trading volume.  Data from CoinMarketCap shows that XRP has registered roughly $25 billion in total trading volume since July 13, suggesting investors are confident in the token. The rapid volume surge came after a judge ruled that the sale of Ripples XRP tokens on exchanges and via algorithms did not constitute securities following a two-year legal battle instigated by the SEC.  On the day of the ruling, July 13, the trading volume of XRP pairs on centralized exchanges hit over $10 billion, which is itinuring na the biggest volume in the last one and a half years.  Digital asset market research firm Kaiko siniyasat that “XRP has surpassed BTC as the highest volume asset.” For context, XRP dominated a

2023-07-19Bitcoin

Vitalik Buterin sheds light on Ethereums account abstraction journey at EthCC

Ethereum  Vitalik Buterin sheds light on Ethereums account abstraction journey at EthCC  21 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  At the Ethereum Community Conference (EthCC) in Paris, Ethereum co-founder Vitalik Buterin gave an insightful presentation on the history and evolution of “account abstraction” on the Ethereum blockchain.  Account abstraction is a feature in Ethereum that aims to make the system more flexible and easier to use. It essentially allows users to define the security model of their accounts, making Ethereum more adaptable for different use cases.  For instance, this feature allows users to set their own transaction validation rules, such as multi-signature requirements or spending limits. They can also make their accounts compatible with a future cryptographic algorithm.  Buterin described account abstraction as allowing Ethereum accounts to be controlled by smart contract code rather than private keys.  Early days of account abstraction  According to Buterin, the idea of allowing accounts to be controlled by code rather than just keys was present in Ethereum from the beginning.  The Ethereum Yellow Paper outlined two types of accounts – Externally Owned Accounts (controlled by private keys) and Contract Accounts (managed by smart contract code). However, some challenges emerged in the early days of implementing account abstraction.  In the first Ethereum proof-of-concept release,

2023-07-19Ethereum

ETH Unable to Breach $2,000 as Bulls Running Out of Steam: Ethereum Price Analysis

Ethereum  ETH Unable to Breach $2,000 as Bulls Running Out of Steam: Ethereum Price Analysis  16 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereums price rally has slowed down in recent weeks. The price has yet to break above the $2,000 level, which is making many market participants worried.  Ang Pang-araw-araw na Tsart:  On the daily timeframe, the price has been forming higher highs and higher lows since rebounding from the 200-day moving average earlier in June.  However, there is a clear lack of bullish momentum, as the ETH price keeps pulling back towards the 50-day moving average located around the $1,900 mark. In case it breaks, there are two close support levels available: the $1,800 static level and the 200-day moving average close to the same price mark.  Therefore, while the momentum is seemingly fading, there is still hope that a rebound from either of these levels would initiate the next rally higher.  Pinagmulan: TradingViewAng 4-Oras na Tsart:  Recent PA developments become clearer on the 4-hour chart.  The ETH price has broken above the $1,930 resistance level a couple of times since the beginning of July but has failed in both instances, as it has rapidly dropped back below the level.  Currently, the price is seemingly targeting the $1,850 short-term

2023-07-19Ethereum

Ethereum Four Straight Days Down: Bullish or Bearish?

While most crypto market watchers remain focused on Bitcoin‘s ongoing struggle with $31,000, Ethereum recently closed above the psychologically important $2000 level for the first time in weeks. Now poised to close lower for four straight days, let’s take an evidence-based approach and determine whether four consecutive days lower for Ether is historically bullish or bearish going forward. Lets dive in!  Ethereums Close Above $2000 Followed By Pullback  After closing at an impressive multi-week high and back above the $2000 level on July 13th, Ether has pulled back for four consecutive sessions, one of the conditions well test momentarily. To better add context to the test, well also add two more conditions requiring that [1] Ether is above its 200ma and that [2] its 200ma is rising. Why? The 200ma and its slope both act as simple filters to help determine market regime. For example, this latest four day pullback in Ether occurs in an improving market in which ETH is above the rising 200ma. If the current four day pullback were occurring in a down trending market regime, we would require that ETH be below its declining 200ma.  Ethereum Daily Chart | ETHUSD on TradingView.com  What does this pullback in Ethereum suggest for

2023-07-18Ethereum

South Korea: Plano ng mga tagausig na tumutugis kay Do Kwon na maglunsad ng bagong yunit ng pagsisiyasat

Habang lumalaki ang krimen na nauugnay sa digital currency sa pagiging kumplikado, ang mga opisyal ng South Korea ay nagsiwalat ng mga plano na maglunsad ng isang nakatuong yunit sa pagsisiyasat ng mga pagkakasala sa sektor.  Kamakailan ay inanunsyo ng Seoul Southern District Prosecutors Office na lilikha ito ng Virtual Asset Joint Investigation Unit upang tumulong sa pag-usig sa mga manloloko ng digital asset. Ayon sa isang tagapagsalita ng Prosecutors Office, ang unit ay inaasahang magsisimula ng operasyon sa katapusan ng Hulyo.  Ang Seoul Southern District Prosecutors Office ay nakikibahagi sa mataas na profile na pagsisiyasat ng biglaang pagbagsak ng ekosistema ng Terra noong 2022. Ang pagsisiyasat, na sumasaklaw sa maraming hurisdiksyon, ay nagdala sa mga lokal na tagausig nang harap-harapan ang walang hangganang katangian ng krimen sa digital currency.  Ang desisyon na lumikha ng nakalaang digital currency crime unit ay ang una sa uri nito sa South Korea, kung saan hinuhulaan ng mga analyst na ang iba pang Prosecutors Offices sa bansa ay magpapalutang ng kanilang nakatuong pwersa upang tugunan ang kriminalidad sa sektor. Bagamat kalat ang mga detalye para sa bagong grupo, ang team ay kasangkot sa pagsisiyasat ng malawak na hanay ng digital asset fraud at paghawak ng mga isyu

2023-07-18Industriya

Group of 20 Wants All Countries to Follow Global Crypto Rules

The Financial Stability Board (FSB) of the leaders of the Group of 20 countries has drafted new global regulations for crypto exchanges.  The rules include measures to lower risk and prevent conflicts of interest, among other things.  G20 Says Crypto Companies Can No Longer Hide  FSB Secretary General John Schindler said all countries should adopt the crypto recommendations even if they are not Group of 20 members. The rules would not have applied to FTX because the Bahamas is not part of the FSB.  He added that the rules provide clarity exchanges need, and companies can no longer claim ignorance.  The Basel Banking Committee and International Organizations of Securities Commissions will develop more granular rules. IOSCO proposed a global approach to crypto regulation in May.  The FSB published a draft of its new recommendations in July 2022, which leaders of the Group of Seven countries (G7) pledged to put into action. They also support global Financial Action Task Force recommendations to lower money laundering risk in crypto.  The recommendations will be put into place in 2025. Leaders of the Group of Seven economies pledged to implement the rules in May.  New Bill Addresses EU Board Members Recommendations  Earlier this year, EU supervisory board member Elizabeth McCaul said that any

2023-07-18Industriya
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