Eth2 becomes the fourth-largest staking network and it keeps growing

Ethereum 2.0 has already emerged as the fourth-largest proof-of-stake network by total value locked in staking within roughly six weeks of the Eth2 deposit contract going live. Despite withdrawal functionality not yet enabled, and no precise estimation for its full launch date, nearly $1 billion worth of Ether has already been designated for staking. According to crypto data aggregator Staking Rewards, more than 1.5 million Ether or 1.35% of Ethereum’s supply has been deposited for staking. Ether staking rewards are currently estimated at approximately 13.20%, meaning that a single stake…

🔵 💰 Inversión de 500M de Dólares a BITCOIN – Bit2Me Crypto News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 💰 Guggenheim Fund quiere invertir $500M en Bitcoin a través de GBTC – Este gran fondo de inversión está realizando el papeleo necesario frente a los reguladores para poder comprar GBTC – Quieren invertir hasta el 10% del fondo en Bitcoin – La compañía madre de Guggenheim Fund maneja activos por más de 200 mil millones de USD ↗️ Bitcoin vuelve a cerrar por encima de 18.000 – Después de haber bajado más de 2.000 USD a cerca de 16.250 USD –…

Litecoin Settles Above $100, Why LTC Could Rally Further Above $110

Litecoin price started a strong rally above $90.00 and $100.00 against the US Dollar. LTC is consolidating gains and it could rally further above $110.00. Litecoin started a strong surge above the $90.00 and $100.00 resistance levels against the US Dollar. The price tested the $110.00 resistance zone and it settled above the 100 simple moving average (4-hours). There was a break above a crucial declining channel with resistance at $80.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price traded as high as $112.76…

Bitcoin and Ethereum Market Analysis

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Major Exchanges Experience Technical Issues as Bitcoin Price Drives in Massive Traffic

Bitcoin has finally broken the $20k resistance level. The record-breaking price caused massive traffic on a myriad of crypto exchange platforms like Binance and Coinbase. Bitcoin All-Time Price High Causes Issues on Binance For weeks now, many crypto enthusiasts have been hoping that the price of bitcoin would scale the $20k resistance barrier. That record was broken recently, as bitcoin (BTC) not only broke the $20k resistance but also got as high as over $23k within the last 24 hours. As a result of this all-time high (ATH) price, crypto…

How global fragmentation is holding back blockchain’s progress

2020 has been a big year for blockchain. We saw US$4.3 billion in blockchain spending. Bitcoin rallied steadily, seeing all-time highs. Major institutions, including PayPal, Square, and Visa made high-stakes announcements around crypto. Ethereum 2.0’s Beacon Chain launched earlier this month. But a major industry problem remains: the lack of harmonization in technical standards and regulation threatens broad-based adoption and progress. With the excitement around the technology, there is inevitably a flurry of activity from all sides, including technical standards-setting entities, regulators and policymakers, and industry consortia. However, little work…

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Ethereum Consolidates above $640, Why Rally Isn’t Over Yet

Ethereum traded to a new monthly high above $675 against the US Dollar. ETH price is currently correcting gains, but dips are likely to be limited below $630 in the near term. Ethereum gained bullish momentum after it broke the $620 resistance level. The price surged towards the $675 resistance and settled well above the 100 hourly simple moving average. There is a major bullish trend line forming with support near $638 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently consolidating gains above $640…

Twitter loses its mind over rapper’s ‘$1M Bitcoin giveaway’ … worth $11 each

Cash App, the Bitcoin-friendly payments application from U.S. financial services company Square, has teamed up with Grammy-nominated rapper Megan Thee Stallion on a $1 million Bitcoin giveaway. Megan announced the promotional campaign via Twitter on Dec. 17. The post has received more than 60,000 likes and 8,800 retweets at the time of writing. The rapper encouraged her followers to post “#BITCOINMEG” in order to be a part of the giveaway. The post does not make it clear how much BTC each person will receive, saying: “I’m giving $1 MILLION in…

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