Coins

Grin Network Victim of 51 percent Attack, Unknown Miner Commands 58 percent of the Hashrate

November 10th, 2020

The privacy-centric cryptocurrency network Grin (GRIN) has been the victim of a 51% attack according to a number of reports. Allegedly an unknown entity gained control of over 57% of the network hashrate on Saturday. According to the Grin website, the team is recommending people wait for “extra confirmations on transactions for payment finality.” On…

Ethereum User Spends $9,500 in Fees Sending Just $120 in an Error to Forget

November 8th, 2020

An Ethereum user mistakenly paid $9,500 in transaction fees to send just $120. The user, identified by their Reddit moniker ‘Proudbitcoiner’, says the transaction “destroyed my life” and is now desperately asking miners to return the money. According to a Nov. 4 post on Reddit, Proudbitcoiner said they accidentally typed in the wrong transaction fee,…

Ethereum Jumps 5 prcent With 15,000 ETH Staked Early For Beacon Chain Launch

November 5th, 2020

The long-awaited initial stages of the ETH 2.0 launch began on November 4 as the official staking deposit contract went live. Ethereum prices reacted with a 5% pump to top $400 again. The highly anticipated deposit smart contract launch introduced the ability for ETH holders to deposit 32 Ether required to participate in staking by…

Ripple prepares for an 8.5 percent upswing if this crucial hurdle is broken

November 5th, 2020

Ripple appears to have resumed the uptrend from the support recently formed at $0.23. The fourth-largest cryptocurrency was recently rejected from levels slightly above $0.26. This gave credence to the bearish outlook, sending XRP under several key support areas, including $0.25 and $0.24. Meanwhile, the upswing in the market, especially for Bitcoin and Ethereum, seems…

LINK Update: Polkadot-based DEX Announces Chainlink Integration

November 3rd, 2020

On Tuesday, November 3, the Polkadot-based cross-chain DEX network Zenlink announced its integration with oracle service provider Chainlink. The latest announcement comes as Zelink DEX aims to leverage Chainlink oracles to access valuable assets secured on the Polkadot blockchain network. The announcement states that Zenlink will use the Chainlink oracles for different decentralized finance (DeFi)…

China and Hong Kong Cracks Down on Crypto as Markets See Red

November 3rd, 2020

Regulators in Hong Kong have stated that all crypto trading exchanges and companies need to be regulated regardless of whether they’re selling securities or not. China is also being heavy handed with crypto as its CBDC testing continues.  According to Reuters, the Securities and Futures Commission (SFC) had previously placed an ‘opt-in’ regulatory framework for…

Defi Index CVX Measures Crypto ‘Market Fear’ and Implied Volatility

November 3rd, 2020

The decentralized finance (defi) platform cvx.finance has launched the beta version of its “Crypto Volatility Index”, otherwise known as the “CVX.” The CVX is an index similar to the “Market Fear Index” (VIX) commonly used in traditional finance, but cvx.finance measures the suggestive volatility from bitcoin and Ethereum options markets. It’s still early but a…

Chainlink Price Forecast: LINK Downward Momentum Gains Traction

November 3rd, 2020

Chainlink recently recovered in October, almost brushing shoulders with $13. This was the highest level the decentralized oracle live price feed token has reached since the support established at $7.2 in September. Before the breakdown, LINK/USD had rallied from the March 2020 lows of $1.5 to trade a yearly high at $20. In the meantime,…

Ethereum Price Analysis: ETH Potential Breakdown Eyes $340 If This Support Fails To Hold

November 3rd, 2020

Ethereum approached $400 over the weekend but made little progress on Monday, leaving bears to take control over the price. The smart contract token plunged to $380 in an engulfing candlestick. Buyers in this zone managed to cushion the largest altcoin from dropping further. However, recovery is still limited, with Ether teetering at $384 at…

Ethereum Price Forecast: ETH Reclaims $400 As Odds Align For Liftoff To $430

November 2nd, 2020

Ethereum hit October highs at $420 but retreated to support provided by the 100 Simple Moving Average (SMA) marginally above $370 in the 4-hour range. Towards the end of the month, buyers took back control over the price, elevating Ethereum above $410. The impressive price action coincided with Bitcoin’s price rally above $13,000. Unfortunately, a…