|Day's Range||133.86 - 134.94|
|52 Week Range||82.05 - 834.30|
|Volume (24hr) All Currencies||1.28B|
Major cryptos on consolidative price action as market lacks trigger to influence a new rally.
Speaking at the recent ETHDenver conference, Andreas Antonopoulos gave a charismatic keynote speech on the importance of “unstoppable code” for the future of smart contracts on the Ethereum platform. The Mastering Ethereum author started out his talk by saying that he brings a certain perspective to the topic of unstoppable code from his fascination with the cypherpunk ethos that began in the early 1990s. Antonopoulos said that the initial conversation was around “using cryptography as a defensive mechanism in order to claim, assert, and enforce our human rights”. However, to an individual, “it brings an awesome power that rivals even the state or the most fearsome conglomerates”. He clarified that “it doesn’t matter how annoyed, angry, or violent” someone may The post Moral relativism and the power of unstoppable code on the Ethereum network appeared first on Coin Rivet.
It’s back into the red for the majors early on. A move through the late morning would likely dictate the path through the day.
It’s a bearish start to the day for Bitcoin. Holding onto $4,000 levels will be key to avoiding a mass crypto sell-off later in the day.
In the article, Bitwise, an asset manager in the process of trying to list the first-ever bitcoin exchange-traded fund, said their analysis showed that “substantially all of the volume” reported on 71 out of the 81 exchanges was wash trading, a term that describes a person simultaneously selling and buying the same stock, or bitcoin in this case, to create the appearance of activity in the market. In other words, it’s not real.
The majors see green early on. Holding onto current levels could deliver a much needed weekend rally for the bulls.
Crypto market is seeing positive price action as investors choose to bet of further support and growth of bulls rather than bears which seem highly supported from fundamental perspective.
Latest Ethereum price and commentary Ethereum is experiencing its lowest period of volatility for some time, with price barely moving over the past month. The $139 level remains a key point of resistance, while $124 and $113 offer zones of support to the downside. Daily trade volume is more than $5 billion. Ethereum’s market cap stands at around $14.5 billion, making it the second largest cryptocurrency in terms of market cap. Current live Ethereum pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Ethereum price. Pricing is also available in a range of different currency equivalents: US Dollar – ETHtoUSD The post Latest Ethereum price and analysis (ETH to USD) appeared first on Coin Rivet.
Back in the red and needing support from the broader market for a return to $90 levels. Sub-$90 through the morning and $88 levels are in play.
Bitcoin held onto positive territory early on in the day, in spite of the broader market hitting red. A slide to sub-$4,000 could be on the cards, however.
BlockApps is working with Bayer Crop Science, the agtech giant formerly known as Monsanto, on custom blockchain solutions.
Bears finally gain control over price action of major cryptos but increased mining activity of bitcoin could be a sign that bulls are likely to resume upside price action in near future.
It’s a bearish start to the day, with negative sentiment from across the broader market weighing early on. A move to $54 levels would signal a rally.
In Part 1, we kicked off the Plasma research journey, the quest for a high-throughput payment system that retains the security of the Ethereum chain with only occasional, constant-size on-chain transactions. We left off at the Plasma Cash construction, which gave us many of the features we sought, though brought with it two big downsides: Plasma Cash “coins” are effectively non-fungible tokens (restricting the flexibility of payment denominations), and it requires users to store a large, ever-growing data-set.The post Understanding Plasma, Part 2: Make Plasma Fungible Again appeared first on The Block.
MakerDAO (MKR) token holders are yet again voting to decide whether they should increase DAI “stability fees” from 3.5% all the way up to 7.5% following three previous rate hikes for the stablecoin protocol in 2019. Stability fees are charged when a user uses the MakerDAO platform to create DAI stablecoins by locking Ethereum (ETH) into the project’s CDP (Collateralised Debt Position) contracts. The amount of ETH needed to generate DAI depends on what level of collateralisation a user chooses when creating the contract, but at the time of creation, they must have at least 150% of the USD value of DAI created based on the current USD price of ETH. If a user chooses to cash in their DAI and unlock the Ethereum from the CDP, they must then pay the stability fee, which is currently set at 3.5% a year. The post The DAI stablecoin looks set to double stability fees to 7.5% a year appeared first on Coin Rivet.
Binance has unveiled a new platform in Australia that allows users to buy bitcoin with cash from 1,300-plus newsagents.
It’s a sea of red for the majors mid-week. Bitcoin will need to hold onto $4,000 levels to prevent a crypto meltdown later in the day.
Bulls seem reluctant to give up momentum from the weekend as evident from Bitcoin’s move back above $4000 handle. Crypto market is also likely to gain additional support from news driven momentum.
It’s a mixed start to the day for the majors. Early moves suggest a downward bias before any recovery. Holding above key levels would avoid a sell-off.
Major crypto coins range bound as bulls failed to establish stable rally following a bullish breakout once again.