Coins

Is It Game Over For Defi As Traders Move Ethereum from Defi to ETH 2.0

December 5th, 2020

ETH 2.0 made its official debut on December 1st with the launch of the Beacon chain starting a new era for Ethereum. The complete ETH 2.0 chain will come into force after the complete roll-out of all three phases which would approximately take two years time. The new Ethereum chain would see a complete mining…

Ethereum fights to stay above $600 while breakdown to $565 seems inevitable

December 4th, 2020

Ethereum recently reclaimed the position above $600 but has failed to sustain the uptrend to the next resistance at $520. At the time of writing, the smart contract giant is dancing at $605 amid firm calls for declines under $600. On the downside, losses below the crucial support might extend to $565. Ethereum is on…

Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto

December 4th, 2020

The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does not exceed 5%. He also adds…

Bitcoin upward pressure on the rise targets at $21,000 and $21,530

December 4th, 2020

Bitcoin has continued to hold at the pivotal $19,400 level amid an upward push for gains beyond $20,000. The stability witnessed above $19,000 over the last 24 hours suggests that Bitcoin has matured as an asset. Moreover, investors are also participating in the market with caution to ensure that their risks are minimized. The flagship…

Bitcoin (BTC) Liquidity Crisis Is Coming As Institutions Build Long Term Positions

December 3rd, 2020

“We are just getting started!” that’s what Grayscale director Michael Sonnenshein said two days back in an interview with CNBC. Grayscale runs one of the biggest Bitcoin Funds – Grayscale Bitcoin Trust (GBTC) – that manages over $10 billion worth of assets. Interestingly, the director’s comments soon after Guggenheim Partners filed with the SEC to…

Chainlink recovery hampered under $14.5 but these key support levels hold the fort

December 3rd, 2020

Chainlink’s upside recently hit a wall amid the recovery from the Thanksgiving Day crash to $11. Several barriers were pushed into the rearview but LINK failed to sustain gains above the stubborn resistance at $14.5. Meanwhile, it is still difficult to sustain the uptrend, now that the price slipped under $14. Chainlink holds above critical…

Ethereum on the cusp of a massive breakout to $625 if this key hurdle is broken

December 2nd, 2020

The smart contract giant is currently playing defense mechanism after correcting from the recent new yearly high at $636. The flash spike above $600 on Tuesday surged above the previous high at $625 but failed to sustain the uptrend toward $700. Ethereum is teetering at $592 at the time of writing amid calls for more…

What Vitalik Buterin Had to Say on ETH 2.0 Launch Day

December 1st, 2020

The day has finally arrived and the long-awaited first phase of the Ethereum 2.0 upgrade is about to begin with the genesis of the new blockchain. In around seven hours’ time, the Beacon Chain will be born heralding a new Ethereum blockchain and the culmination of five years of research and development. Staking on the…

Investor Raoul Pal To Liquidate All Gold to BTC and ETH, Backs Crypto Regulations

November 30th, 2020

Investor Raoul Pal who’s very popular among the crypto circles has made a big revelation recently. On Monday, November 30, Pal plans to liquidate all his Gold holdings and put it all at work by buying Bitcoin (BTC) and Ethereum (ETH). This speaks volumes about the confidence that Pal holds in the future rally and…

Canadian Public Company Dumps Ethereum and Monero for Bitcoin

November 30th, 2020

A Canadian publicly held company has liquidated all of its Ethereum and Monero holdings and put all of the proceeds into bitcoin. The company is led by a well-known poker player and former member of the European Parliament. Cypherpunk Dumps Monero and Ethereum for Bitcoin Cypherpunk Holdings, a Toronto-headquartered company listed on the Canadian Securities…