Pinakabagong Balita sa Crypto at Market Updates

Ethereum, Dogecoin, and Cardano Mount Center Stage This Month — Heres What To Expect ⋆ ZyCrypto

Ethereum　　Ethereum, Dogecoin, at Cardano Mount Center Stage Ngayong Buwan — Narito ang Dapat Asahan ⋆ ZyCrypto　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The week has been chaotic for the entire cryptocurrency market. With regulatory-centred discourse making rounds again, sentiments are likely to change occasionally. However, the altcoin season seems to be right around the corner, despite the continuous unrest in the market.　　Confirming the new development was Author Hayes, the former CEO of cryptocurrency derivatives exchange BitMEX. Taking to Twitter, the former exec posted a screenshot showing the bullish performance of the Ethereum (ETH) altcoin against the USD. With Ethereums rise above $2,000, Hayes is certain that altcoin season has, in fact, arrived.　　Altcoin season, as the name suggests, is a time when alternative cryptocurrencies in the market enter the bullish zone. During altcoin season, Bitcoin often underperforms as alternative coins lead the market with gains. Investors and traders look forward to the altcoin season, which appears to be extremely promising.　　As with previous times, a few altcoins lead the pack during the altcoin season. This time, three altcoins have set the stage for what will come. Leading with gains this month, Ethereum (ETH), Dogecoin (DOGE) and Cardano ADA are dominating.　　Ethereum (ETH)　　Ethereum (ETH)

2023-04-23Ethereum

Top Ethereum (ETH) Developers Blast New European Stablecoin Launched on ETH

Ethereum　　Nangungunang Ethereum (ETH) Developers Sumabog ang Bagong European Stablecoin na Inilunsad sa ETH　　14 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Two Ethereum (ETH) developers are sounding off on a new European stablecoin that recently launched on the top smart contract platform.　　The pseudonymous ETH developer known as 0xfoobar nagsasabi their 128,000 Twitter followers that the new stablecoin, which launched in France, has an inefficient transfer mechanism and the worst coding theyve ever seen.　　The developer goes on to sarcastically mock the thinking process of those behind the development of such a stablecoin.　　The stablecoin, known as EUR CoinVertible (EURCV), is pegged to the Euro and was introduced by French financial services giant Societe Generale.　　Another Ethereum developer, known as aleph_v, also mga tala the extreme inefficiency of the protocols transfer mechanism, saying that such tight regulations could only come from a French bank.　　According to aleph_v, the stablecoin was naka-code in a way so that a blockchain transaction must be performed to process approvals.　　The new stablecoin just launched a few weeks after French President Emmanuel Macron said that Europe should strive to lower its dependence on the US dollar.　　Pagtanggi: Ang mga opinyon na ipinahayag sa The Daily Hodl ay hindi payo sa pamumuhunan. Dapat gawin ng

2023-04-22Ethereum

Pagsusuri ng Presyo ng Ethereum (ETH) para sa Abril 21

Ethereum　　Pagsusuri ng Presyo ng Ethereum (ETH) para sa Abril 21　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Tinanggihan ni Serhiichuk　　Can rate of Ethereum (ETH) withstand sellers pressure on Bitcoin (BTC)？　　The market has almost entirely come back to the red zone, according to the CoinMarketCap ranking.　　ETH / USD　　Ethereum (ETH) has lost more than Bitcoin (BTC), going down by 2.74%.　　Despite the fall, the price of Ethereum (ETH) has made a false breakout of the local support level at $1,896. If the daily closure happens far from the $1,900 mark, a bounce back may continue to the $1,920-$1,930 zone tomorrow.　　On the bigger time frame, the situation remains bearish as the bar is about to close below yesterdays low at $1,913.60. In this case, there is a high possibility of seeing a further decline to the next important support level at $1,846. Such a scenario is relevant until the end of the week.　　From the midterm point of view, the rate of Ethereum (ETH) has returned to the middle of a wide channel. The price is located below the crucial $2,000 mark, which means that sellers have seized the initiative.　　However, the leading altcoin is still far from the support at $1,715. All in all, sideways trading

2023-04-22Ethereum

Is Ethereum (ETH) a Security? Ex-SEC Boss Weighs In

Ethereum　　Is Ethereum (ETH) a Security？ Ex-SEC Boss Weighs In　　1 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Alex Dovbnya　　Former SEC Chairman Jay Clayton weighed in on contentious issue of Ethereum (ETH) being classified as security during recent CNBC Squawk Box interview　　Sa isang kamakailan-lamang pakikipanayam on CNBCs Squawk Box, former SEC Chairman Jay Clayton provided his insight into the ongoing debate about whether Ethereum (ETH) should be considered a security.　　This comes after Clayton himself brought a lawsuit against Ripple during his tenure, alleging that the company had conducted an unregistered securities offering.　　During the interview, Clayton discussed the approach taken by European regulators toward cryptocurrencies, highlighting their willingness to incorporate the technology into the regulatory system.　　He pointed out that the current method of relying on the courts to resolve classification issues around securities and commodities is inefficient. Clayton also agreed with current SEC Chairman Gary Gensler that a significant portion of cryptocurrencies could fall under the purview of securities.　　When asked by CNBC‘s Becky Quick about Ethereum’s status as a potential unregistered security, Clayton used a Broadway play analogy to illustrate his point. He argued that initial investments in the plays production, with the promise of future ticket returns, could be considered securities.　　However, once the

2023-04-22Ethereum

Ethereum Price Drops Near $1,900! Will The Post-Shanghai Correction Extend Further?

Ethereum　　Bumaba ang Presyo ng Ethereum Malapit sa $1,900! Magpapalawig pa ba ang Post-Shanghai Correction？　　After the successful implementation of the Shanghai upgrade, Ethereum has reached an 11-month high above $2,000, leading to speculation that its extended bearish trend may finally come to an end. However, the recent macro news regarding interest rate hikes has wiped out all the recent gains and plunged the leading altcoin near $1.9K. As ETH navigates through the post-Shanghai correction phase, many are left wondering whether the digital asset will manage to find its footing soon or continue to face downward pressure.　　Investors Wait For Ethereum Options Expiry　　Ethereum has seen a dramatic decrease in its supply over the last 218 days. With more than 103,092 ETH removed from circulation, the deflationary trend amounts to a staggering $197 million at current market prices. The networks supply has declined by 0.146% annually, raising questions about the implications of this deflationary surge.　　Ethereum monitoring site ‘ultrasound.money’ reveals that the current supply of ether stands at nearly 120,416,113 million coins. Over the last 30 days, the burn rate reached 1,125k ETH, with a supply growth of -0.37%.　　Additionally, crypto derivatives traders have recently shown a preference for Ethereum options over their Bitcoin counterparts. As

2023-04-22Ethereum

Bitcoin, Ethereum Eye Major Pullback Risk, Tips Bloomberg Analyst

Bitcoin Ethereum　　Bitcoin, Ethereum Eye Major Pullback Risk, Mga Tip sa Bloomberg Analyst　　Bitcoin price News: The global digital asset market witnessed a major pullback as more than $100 billion went out of the market. Bitcoin (BTC), the worlds largest crypto dropped by around 9% in the last 7 days to lose the crucial $30 price level. As the market trades in increased uncertainty, Bloomberg analyst hints major pullback ahead.　　Also Read: SEC Caused Untold Harm To US; Coinbase CEO After MiCA Approval　　Bitcoin Price To Decline More Ahead　　Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence stated Bitcoin (BTC) and Ethereum (ETH) may be running into a wall of resistance ahead. However, Bitcoin price went surged over the $30K level to encounter multiple resistance. Same with ETH, the second largest crypto price breached the $2K level but faced multiple resistances there.　　Bloomberg Analyst is still bullish on the biggest of the cryptos in the long term. Meanwhile, a force generated by the dropping stock market in accordance with the tightening Federal Reserve policies leading to recession holds the potential to lower the tide for all the risk assets. He marks Bitcoin and Ethereum among the riskiest assets.　　As per the data, $30,000 and $2,000 have been

2023-04-21Ethereum

Expert predicts major pullback for Bitcoin and Ethereum as US recession looms

Bitcoin Ethereum　　Expert predicts major pullback for Bitcoin and Ethereum as US recession looms　　Bitcoin (BTC) and Ethereum (ETH) could be facing resistance at key round number levels of $30,000 and $2,000, with the potential for a stock market downturn with the Federal Reserve tightening into a recession that could affect all risk assets.　　Bitcoin and Ethereum have had a pivotal status since 2020, with definable diminishing supply and low but increasing adoption making a strong case for long-term bullishness.　　On April 21, Bloomberg senior commodity strategist Mike McGlone naglalagay that the yield curves highest probability since 1982 suggests a growing consensus that the worst of a US recession may be over. However, this could potentially lead to large pullback risks.　　McGlone tweeted:　　“Bitcoin and Ethereum — may be running into a wall of resistance at the key round number levels of $30,000 and $2,000. Our bias is bullish in the long term for the top cryptos, but an overwhelming force of the stock market going down with the Fed tightening into a recession has the potential to lower the tide for all risk assets, and Bitcoin and Ethereum are among the riskiest.”　　Bitcoin at Ethereum　　The future of Bitcoin and Ethereum is closely tied to technological advancements

2023-04-21Ethereum

Tether mints another billion USDT on Ethereum, stablecoin dominance rises

Late last night, stablecoin issuer Tether minted one billion USDT tokens on the Ethereum network.　　According to Tether CTO Paolo Ardoino, the minting kinakatawan an “inventory replenish.” He added that it was “an authorized but not issued transaction, meaning that this amount will be used as inventory for the next period [of] issuance requests and chain swaps.”　　USDT is the crypto industry‘s most-popular stablecoin, pegged to 1:1 to the United States dollar. It is commonly used to facilitate trading on large exchanges that don’t accept fiat currencies.　　Tethers dominance in the stablecoin market is growing　　Tether is the dominant stablecoin issuer on the Ethereum blockchain.　　The total amount of USDT on Ethereum amounts to over 35 billion tokens. Its closest competitor, the Circle-issued USDC, accounts for less than 30 billion tokens. Meanwhile, Binance USD — which is not currently minting new tokens — makes up less than seven billion tokens.　　Broadening the scope to the entire stablecoin supply across multiple blockchains further intensifies Tethers dominance in the sector.　　USDT comprises over 81.5 billion dollar-pegged tokens, while USDC still remains under 30 billion tokens. No other stablecoin is even close.　　Are USDT supplies indicative of crypto market trends？　　Some argue that the supply of USDT has historically indicated the direction

2023-04-21Ethereum

Ethereum Price Falls as ETH Staking Withdrawals Ramp Up

Following a lull this week, staked Ethereum withdrawals have ramped up again. The pending withdrawal queue is being processed, and a large chunk of it is down to the Kraken crypto exchange.　　On April 20, Nansen researchers observed that the second wave of full withdrawals was underway. They added that Kraken had over 330,000 ETH in full withdrawals with a further 175,000 left which is largely principal withdrawals. The total value of this Ethereum combined is around $975 million.　　At the time of writing, that queue had been processed, and withdrawals had dropped back to their previously low levels, with deposits outpacing them.　　Second wave of full withdrawals underway so you‘re definitely wondering who’s behind it and if its concerning　　Its Kraken, with over 330K ETH in full withdrawals. Another ~175K in ETH left which is largely principal withdrawals. 　　— Martin Lee | Nansen ???? (@themlpx) Abril 20, 2023　　In February, the U.S. Securities and Exchange Commission took action against Kraken, which was forced to shutter its staking services as the regulator claimed they were offering unregistered securities.　　Ethereum Withdrawals Stabilize　　According to the Nansen dashboard, there has been 212,528 ETH withdrawn over the past 24 hours. However, with 103,823 ETH deposited, the net balance is -108,705.　　It

2023-04-21Ethereum

Will Bitcoin, Ethereum Price Fall Support Levels

Bitcoin and Ethereum prices broke below $30,000 and $2,000 psychological levels this week after a “long squeeze” amid several factors including fresh interest rate hike fears at Binance opening staked ETH withdrawals.　　Crypto expiry on Friday, April 21 to exert further selling pressure on the crypto market. An over 21% fall in total crypto market volume in the last 24 hours clearly indicates selling amid volatility in the broader market. Furthermore, the Ang Takot sa Crypto at Greed Index patumbahin from 68 (greed) to 50 (neutral) in just a week.　　25,000 BTC na pagpipilian are set to expire, with a notional value of $0.72 billion. The put call ratio is 0.7 and the max pain point is $29,000. With the price already trading below the max pain level, it weakened the bullish scenario for Bitcoin.　　Samantala, 217,000 ETH na opsyon are about to expire, with a notional value of $0.42 billion. The put call ratio is 0.83 and the max pain point is $1,950. Ethereum price is also under pressure with the possibility of breaking below $1900.　　Ang monthly expiry on April 28 is even larger this expiry. Thus, traders will be looking to offload amid a possible selloff at the months end.　　Gayundin Basahin:

2023-04-21Ethereum

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