‘Blockchain Bandit’ Has Stolen 45,000 ETH by Guessing Weak Private Keys, Report Claims

A “blockchain bandit” has managed to amass almost 45,000 ether (ETH) by successfully guessing weak private keys, according to a report released by Independent Security Evaluators on April 23. Adrian Bednarek, a senior security analyst, said he discovered the sophisticated hacker by accident. While guessing a private key is meant to be a statistical improbability, he managed to uncover 732 private keys through his research — giving him the ability to complete transactions as if he was the account holder. The report notes that rather than using a brute force search for random…

Ethereum (ETH) Price Looks Set To Break $175-$180

ETH price corrected lower and tested the $165-166 support area against the US Dollar. The price bounced back and recently broke the $169 and $170 resistance levels. There is a key ascending channel in place with support at $170 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher and it could soon break the $175 and $176 resistance levels. Ethereum price is holding the ground versus the US Dollar and bitcoin. ETH seems to be following a bullish path and it may…

Vitalik Buterin Proposes Higher Staking Rewards for Upcoming ETH PoS Algorithm

Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake (PoS) algorithm implementation on the Ethereum blockchain on GitHub on April 20. Per the proposal, 2,097,152 ether per year would be issued when 134,217,728 ether is staked and validating transactions, resulting in an annual return for stakers of 1.56%. The current circulating supply of the coin is 105,764,762 ETH, which means that this amount of stacked ether is a theoretical maximum of sorts. The proposal also estimates the annual return for various quantities of validating ether. For…

Ethereum (ETH) Price Correcting Gains But Remains Buy on Dips

ETH price traded above the $174 and $175 resistance levels before it faced sellers against the US Dollar. The price traded towards the $178 level and later started a downside correction below $172. There is a major bearish trend line in place with resistance at $171 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either climb back above $171 or correct lower further towards the $166 support area. Ethereum price started a downside correction versus the US Dollar, but remained flat against bitcoin. ETH could…

Top 5 Crypto Performers Overview: XTZ, BNB, BCH, ETH, XMR

Does the crypto market’s previous extended downtrend mean that it is now in an accumulation phase? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. An extended downtrend usually goes through an accumulation phase before starting a new uptrend. Digital assets fund Adamant Capital believes that the crypto markets are currently going…

Ethereum (ETH) Price Could Surge To $200 In Near Term

ETH price remains well supported on the downside near the $170 area against the US Dollar. The price settled in a positive zone above the $165 and $169 resistance levels. There is a major bearish trend line formed with resistance at $176 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could start a significant rally once there is a break above the $176 and $180 resistance levels. Ethereum price gained traction from key supports versus the US Dollar and bitcoin. ETH is currently placed nicely above…

Ethereum (ETH) Price Holding Uptrend Support And Could Bounce Back

ETH price traded further higher above the $175 resistance, but failed to hold gains against the US Dollar. The price corrected lower sharply and tested the key $169-170 support area. There is a crucial bullish trend line formed with support at $169 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to bounce back as long as it is trading above the $168 level and the 100 hourly SMA. Ethereum price climbed to new weekly highs versus the US Dollar, following bitcoin increase. ETH spiked…

Yes, Ethereum (ETH) Above $170 But Hitting Milestone Counts

Ethereum prices above $170 Increasing competition means Ethereum 2.0 must launch on time despite the first-mover advantage Morpheus Labs, Cardano, Binance, Tron, and EOS are fierce competitors. Therefore, Ethereum coders accelerating their development mean Ethereum 2.0 will launch on time as ETH prices rally past $250 towards $1,500. Ethereum Price Analysis Fundamentals Without a doubt, Ethereum is a massive project bolstered by ultra-high distribution meaning it does operate within the tenets of blockchain. Because of this high decentralization and consensus through proof-of-work, it is secure, the native currency in ETH…

Ethereum (ETH) Price Hits The $175 Target, $182 On The Horizon?

ETH price extended gains and rallied towards the $175 resistance area against the US Dollar. The price pumped sharply above the $169 and $170 resistance levels to test $174. There is a solid bullish trend line formed with support at $168 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside near $170 and it could continue to rise towards $180. Ethereum price climbed higher above key levels versus the US Dollar, along with bitcoin. ETH remains well bid and it seems…

Ethereum (ETH) Price Smashes Resistance, $175 Could Be Next

ETH price formed a solid support near $155 and recovered nicely against the US Dollar. The price gained traction above the $162 resistance and the 100 hourly simple moving average. Yesterday’s highlighted key bearish trend line was breached at $164 on the hourly chart of ETH/USD (data feed via Kraken). The pair accelerated towards the $168 level and it may continue to rise towards the $175 level. Ethereum price started a fresh upward move versus the US Dollar, with positive moves in bitcoin. ETH is likely preparing for more gains…