Tag: ETH

BTC and ETH safe from 51% attacks, Coin Metrics cites using cost barriers

Crypto intelligence firm Coin Metrics has revealed in its latest research that it has become impractical for nation-states to dismantle the BTC and ETH network through 51% attacks, given the prohibitive expenses involved. A 51% attack involves gaining majority control over a network’s hash rate in proof-of-work systems like Bitcoin or staking in proof-of-stake networks such as Ethereum, allowing for possible manipulation of the blockchain. The study, conducted by Lucas Nuzzi, Kyle Waters, and Matias Andrade of Coin Metrics, introduces the “Total Cost to Attack” (TCA) metric to estimate the…

Bitcoin Cash gains big, DeeStream presale attracts major ETH whale

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin Cash and Ethereum holders take out early positions in DeeStream (DST) amid massive demand for its stage 1 presale. Bitcoin Cash (BCH) rode the coattails of its older brother, Bitcoin (BTC), as the latter crossed past $51,000 in the trading hours of Feb. 14. So did the world’s second-largest cryptocurrency by market capitalization, Ethereum (ETH). Both big-cap coins managed to turn in double-digit gains, and they remain good…

Ether Traders Target $3.5K as ETH Jumps on ETF Expectations

As of Thursday, Franklin Templeton, BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex, had all submitted applications for an ether ETF. They already offer spot bitcoin (BTC) ETFs, which were introduced mid-January. Since then, the funds have accumulated $11 billion worth of BTC and helped propel the price of the largest cryptocurrency through $52,000. Source

Ethereum Bulls Keep Pushing, Why ETH Could Soon Test $3K

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Ethereum price is gaining bullish momentum above the $2,700 support. ETH remains supported and eyes more upsides toward the $3,000 resistance. Ethereum is consolidating gains above the $2,770 support zone. The price is trading above $2,780 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up toward the $3,000 resistance zone. Ethereum Price Remains In Strong Uptrend Ethereum price remained well-bid above the $2,650 level.…

EigenLayer’s Cap Lift Prompts $4B Inflow as ETH Restaking Heats Up

Restaking has played a major part in the rise; capital on liquid restaking platform ether.fi has increased by 406% to $1.19 billion in the past 30-days, while Puffer Finance has experienced a 79% hike in the past week alone. TVL across liquid restaking protocols including EigenLayer is now at $10 billion, in December it was just $350 million, according to DefiLlama. Source

Here’s How This Whale Is Taking Advantage Of The ETH Rally

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In recent weeks, Ethereum has witnessed a noticeable uptick in its market price, reaching a one-month high and showcasing a growing demand for the asset. Amid this development, the on-chain analytics platform Lookonchain revealed an Ethereum whale’s noteworthy strategy, marking a bold stance on Ethereum’s future trajectory. Strategic Accumulation Amid Rising Prices According to Loookonchain, an unknown whale has been actively increasing their Ethereum holdings, utilizing the Spark platform’s revolving loan feature. Spark platform is a decentralized finance (DeFi) product that enables users to borrow stablecoins like USDC or DAI…

Billionaire Peter Thiel’s VC Firm Bought BTC and ETH Worth $200 Million in Latter Half of 2023

Founders Fund, a venture capital (VC) firm founded by the billionaire Peter Thiel, is believed to have acquired bitcoin and ethereum worth $200 million sometime in the second half of 2023. The VC firm reportedly began purchasing bitcoin when its price was still under $30,000. Founders Fund’s Renewed Interest in Crypto In the latter half […] Source CryptoX Portal

Franklin Templeton Enters The Fray As ETH Rallies

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Wall Street titan and Asset manager Franklin Templeton has applied for an Ethereum Spot Exchange-Traded Funds (ETF) after a struggle to gain approval for their Bitcoin Spot ETF in early January. Asset Manager Files For Spot Ethereum ETF Asset managers have gravitated toward the Ethereum spot ETF since the United States Securities and Exchange Commission (SEC) approved the Spot Bitcoin ETF. Franklin Templeton is the latest manager to apply with the SEC to get approval for this financial product.  The asset manager’s move came after successfully introducing the BTC spot…

Ethereum Price Rallies 5%, Why ETH Bulls Could Aim For $3K This Month

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Ethereum price is up over 5% and there was a push toward $2,700. ETH is consolidating gains and might aim for a move toward $2,800 or $3,000. Ethereum is consolidating gains below the $2,700 resistance zone. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There was a break above a bullish flag pattern with resistance at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,630 support zone. Ethereum Price Starts Fresh…