Ethereum, like many other altcoins, is currently facing a significant amount of selling pressure in the market. Despite some brief moments of strength following a sell-off in early August, the price of Ethereum still struggles to rise above $2,800. However, one positive aspect to note from the daily chart is the resilience of the bulls.
After facing a significant drop in value the day before, bitcoin has fiercely rebounded in the last 12 hours, reaching a weekly high of nearly $62,000. This upward trend has not been exclusive to bitcoin, as other major altcoins like TRX and TON have also experienced impressive gains. Just a week prior, the primary cryptocurrency
In recent times, there has been a noticeable shift in the Layer 2 network landscape, with Base, an Ethereum Layer 2 network incubated by Coinbase, making significant strides. According to the latest data from IntoTheBlock, Base now has nearly 40% more daily active addresses compared to the combined total of its rivals, Arbitrum and Optimism.
The Indian government is taking steps to introduce comprehensive regulations for the cryptocurrency sector, as reported by local media on Aug. 22. The first move in this plan is to release a consultation paper in the upcoming weeks to gather feedback from stakeholders. This initiative showcases the government’s dedication to establishing a regulatory framework for
Cryptocurrency exchange Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The migration from MATIC to POL is set to begin on August 26, with Coinbase facilitating the transition for its users in the coming months. During the migration period,
Dalmas Ngetich, a prominent crypto reporter, has made significant contributions to the industry with his unique perspective and expertise. His extensive experience in covering topics such as NFTs, blockchain, DeFi, and blockchain news has set him apart as a thought leader in the field. This article delves into the various aspects of Dalmas Ngetich’s influence
Aethir and Return Entertainment have joined forces to bring cloud-based gaming experiences directly to your living room. This collaboration is not just about providing a normal gaming experience but aims to deliver cinematic scalable adventures on your TV screen. By combining Aethir’s enterprise-grade GPU services with Return Entertainment’s streaming platform, the partnership is set to
The price of Bitcoin has experienced numerous ups and downs over the years, with bull and bear cycles shaping its trajectory. Market analysts often study the historical performance of the cryptocurrency to gain insights into its future movements. PlanB, a prominent crypto analyst, recently shared a bullish perspective on Bitcoin’s price based on previous cycle
Technical analyst Willy Woo recently shared insights on the state of Bitcoin inventory on exchanges. He highlighted that the market had been bearish due to significant BTC influx from the German and US governments, as well as Mt. Gox distributions. This influx resulted in an increase in paper Bitcoin, referring to derivatives like futures and
Ronaldo, an experienced crypto enthusiast, has dedicated over five years to researching and understanding the world of cryptocurrencies. His journey began with a spark of curiosity that evolved into a deep passion for exploring the intricacies of this groundbreaking technology. Ronaldo’s expertise lies in technical analysis, where he believes that studying charts and deciphering price