Tag: ETH

Poloniex suffers breach, BlackRock’s ETH

This week, Poloniex suffered a breach. BlackRock seeks to launch an Ethereum (ETH) ETF as it awaits a decision on the Bitcoin (BTC) application. BTC targeted $38,000 amid a sustained rally. Meanwhile, regulators reply to Binance. Poloniex hacked for $100m Poloniex faced a security hiccup on Nov. 10, as its hot wallet experienced an unauthorized outflow, resulting in a loss exceeding $33 million, according to earlier reports. Justin Sun, the current majority shareholder of Poloniex, affirmed that the exchange remains financially stable and pledged full reimbursement for the assets. The…

ETH spot volumes at highest level since FTX collapse 

According to a post from Kaiko, a leading source of cryptocurrency market data, analytics, indices, and research, dated Nov. 10 on X, spot volumes are on a positive uptrend. The promising numbers are believed to be a product of ETF excitement with news from BlackRock. A $6 billion spike Data shows that from lows of less than $1 billion in February of this year, spot volume, or the total amount of a particular asset or cryptocurrency that has been traded in the spot market within a specific timeframe has now…

Top 6 Bitcoin, ETH And Crypto Predictions For 2024: Matrixport

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Matrixport, a leading player in the digital asset space, released a research titled “2024 Unveiled: Six Micro and Macro Events That Will Shape Bitcoin” dated Thursday, November 9, 2023, shedding light on crucial events projected to shape the crypto landscape in 2024. The report highlights a mix of micro and macro events anticipated to positively impact the industry, with a particular focus on Bitcoin. Top 6 Predictions For Bitcoin And Crypto First, the report underlines the anticipation of the US Securities and Exchange Commission (SEC) approving a Bitcoin ETF. Notably,…

BlackRock ETH ETF helps price past $2k; community sees BTC ETF as ‘done deal’

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The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot Bitcoin ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year. BlackRock’s intention to file for an Ethereum spot ETF had a bullish effect on the crypto market, helping ETH to get past the critical resistance of $2,000 for the first time in six months. ETH price chart. Source: TradingView Apart from ETH, other altcoins also saw significant gains…

Coinbase (COIN) Shares, ETH Liquid Staking Tokens Surge on BlackRock ETH ETF Application

COIN shares immediately saw a surge in trading activity leading to a 5.14% increase in their stock price. Coinbase Global Inc (NASDAQ: COIN) shares as well as tokens of some Ether (ETH) liquid staking platforms are reacting to reports that giant asset manager BlackRock has filed for a spot ether exchange-traded fund (ETF) recently. According to a Thursday report, BlackRock Advisors registered the iShares Ethereum Trust as a corporate entity in Delaware. BlackRock’s Application for Spot ETH ETF Sends Tokens Soaring The news was first greeted by an Ether urge…

Ethereum Fees Briefly Jumped to $100 After BlackRock’s ETH ETF Filing

Fees, as measured by median gas prices, spiked to as high as 270 gwei late on Thursday, temporarily touching a level last seen in June 2022. That pushed up costs of trading swaps to anywhere from $60 to $100 for a few hours. Gwei is a small unit of ether (ETH) equal to one-billionth of an ETH and is used to denominate gas prices. Gas refers to the fees Ethereum users pay to ensure their transactions are included in the earliest block by network validators. Source

Ethereum Price Surges 10%, Here’s Why ETH Could Pump 5% More

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Ethereum price is up over 10% and surpassed the $2,000 resistance. ETH is outperforming Bitcoin and might rise further toward the $2,200 resistance. Ethereum rallied above the $2,000 and $2,050 levels. The price is trading above $2,050 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support near $2,115 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move higher toward the $2,200 resistance in the near term. Ethereum Price Regains Strength In the past 2-3 analyses, we discussed…

Xapo Bank launches ETH, ADA, MATIC buying

Xapo Bank announced to crypto.news that it will become the first licensed retail bank to offer its customers the ability to buy, sell and hold Ethereum (ETH), Cardano (ADA) and Polygon (MATIC) cryptocurrencies. The bank, which received its full banking license in Gibraltar in 2018, has previously only allowed customers to hold Bitcoin, stablecoins like USDC and Tether, and fiat currencies like U.S. dollars and British pounds. By expanding into other major cryptocurrencies like ETH, ADA, and MATIC, Xapo is aiming to provide its users a “one-stop shop” for digital…

Ethereum Insider To Expose ETH Founders’ Fraud In Weeks

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Ethereum insider, Steven Nerayoff has vowed to expose alleged fraud schemes which he claims are operating within the Ethereum network. As a result, the crypto community is keeping a close watch and Neyaroff has promised to reveal proof of his accusations in the coming weeks.  Unmasking The “Truth” Former Ethereum Advisor, Steven Nerayoff has announced his intentions to unveil evidence regarding the recent allegations he made against Ethereum Founders, Vitalik Buterin and Joseph Lubin in a few weeks. Nerayoff stated that his legal team is working towards ensuring all information…

BlackRock’s (BLK) Ether (ETH) ETF Plan Is Confirmed in Nasdaq Filing

“Either CME surveillance can detect spot-market fraud that affects both futures ETFs and spot exchange-traded products, or that surveillance cannot do so for either type of product,” the filing said. “Having approved ETH futures ETFs in part on the basis of such surveillance, the Commission has clearly determined that CME surveillance can detect spot-market fraud that would affect spot ETPs, and the Sponsor thus believes that it must also approve spot ETH ETPs on that basis.” Source