Tag: ETH

ETH Drops From 7-Month High, as Market Volatility Heightens – Market Updates Bitcoin News

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Ethereum fell from a 7-month high March 24, as traders reacted to further uncertainty within the European banking sector. Shares in Deutsche Bank fell by as much as 13% in today’s session, following a spike in the cost of credit default swaps. Bitcoin briefly moved above $28,000 on the news. Bitcoin Bitcoin (BTC) was back above $28,000 on Friday, as fears of further banking collapses pushed traders towards cryptocurrencies. Following a low of $27,359.25 on Thursday, BTC/USD raced to an intraday peak of $28,729.84 earlier in today’s session. The move…

Ethereum Co-founder Joseph Lubin Reiterates ETH Is Not Security but Commodity like Oil

Ethereum price gained approximately 4 percent in the past 24 hours to trade around $1,815 during the early Asian market on Friday. In the recent White House annual economic report to Congress, the Joe Biden administration noted that most crypto assets are unregulated securities,  a commodity, a derivative, or other financial products, depending on the underlying fundamentals. As a result, all digital assets apart from Bitcoin, primarily viewed as digital gold, have been rushing to get a favorable classification from the United States, among other jurisdictions. Is Ethereum a Security…

BTC Below $28,000, ETH Falls Under $1,800 Following Fed Rate Hike – Market Updates Bitcoin News

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Bitcoin moved below $28,000 on Thursday, as markets reacted to the latest Federal Reserve interest rate hike. The Fed opted to increase rates by 25 basis points (bps) as many had anticipated, and signal one more hike this year. Ethereum was also lower on the news, falling below $1,800. Bitcoin Bitcoin (BTC) dropped below $28,000 on Thursday, as markets continued to react to the latest Federal Reserve rate hike. The Fed moved to increase rates by 25 basis points, whilst signaling that no cuts will be made this year. BTC/USD…

Ethereum faces 6-month lows versus Bitcoin — Will ETH price rebound?

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Ethereum’s native token, Ether (ETH), continues its multi-month downtrend against Bitcoin (BTC) in March, rising 5.5% versus the latter’s 19.5% gains on a month-to-date (MTD) timeframe. Bitcoin overshadows Ethereum amid banking crisis As of March 23, the ETH/BTC pair was down about 9% month-to-date (MTD) to 0.0633 while staying on course to record its worst month since September 2022 when it fell 11.75%. ETH/BTC monthly price chart. Source: TradingView From a fundamental perspective, traders preferred Bitcoin over Ether, hoping it would protect them from the ongoing banking turmoil in the…

MetaMask Institutional unlocks solo ETH staking marketplace

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MetaMask Institutional is set to be an avenue for the creation of new Ethereum validators after announcing a new staking marketplace for its institutional clients. Institutions that make use of MetaMask’s institutional-grade wallet and custody service will be able to manage Ether (ETH) staking through four vendors — ConsenSys Staking, Allnodes, Blockdaemon and Kiln. The marketplace aims to simplify access and management of solo staking, allowing institutions to become Ethereum network validators. MetaMask Institutional (MMI) has been live since October 2021, providing a platform that offers a wider set of controls and…

Price analysis 3/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

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Bitcoin continues to trade near $28,000, signaling a strong demand from investors even as the legacy banking system struggles with unprecedented volatility. The takeover of the ailing Credit Suisse bank by UBS boosted European equity markets on March 20, but not everyone is happy with the deal. According to the Swiss Financial Market Supervisory Authority, the value of additional tier-one (AT1) bonds will be written to zero, which will wipe out $17 billion worth of investments for AT1 bond investors. Among the turmoil in the global banking sector, Bitcoin (BTC) has shone…

Hacker of Euler Finance Sends 100 ETH to a North Korean Address

As per blockchain intelligence firm Chainalysis, Euler Finance transferred a total of 100 ETH to an address having links to North Korea. Another major hack rocked the decentralized finance (DeFi) market last week in March. The attack on DeFi protocol Euler Finance drained a massive $197 million making it the biggest DeFi hack in 2023 so far. While tracking the details of the movement of hacked funds, it turns out that the hack could be linked to North Korea. Among the series of transfers made by the hacker, one transaction…

Euler Finance hacker sends 100 ETH to red-flagged North Korean address

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Ever since Euler Finance fell victim to the biggest decentralized finance (DeFi) hack of 2023, the crypto community closely follows the $197 million loot on-chain — hoping to track down the attacker. Out of the series of transfers made by the hacker, one transaction of 100 Ether (ETH) was allegedly sent to an address associated with North Korea-linked actors. Blockchain investigator Chainalysis identified 100 ETH from Euler’s stolen funds was transferred to an address that was flagged in an older hack with links to North Korea. 100 ETH stolen in…

ETH Moves Above $1,800 as BTC Nears $28,000 – Market Updates Bitcoin News

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Ethereum rose above $1,800 for the first time since August, as markets continued to react to the Fed’s decision to inject $300 billion into the economy. This comes following the recent banking crisis, which saw the likes of Silicon Valley Bank collapse. Bitcoin neared $28,000 in today’s session. Bitcoin Bitcoin (BTC) closed in on the $28,000 level to start the weekend, as markets continued to react to the Federal Reserve’s decision to pump liquidity into the U.S. economy. BTC/USD jumped to an intraday high of $27,787.81 earlier in the day,…

Euler Finance exploiter returns 3,000 ETH worth $5.4m

Euler Finance exploiter has returned 3,000 ETH worth $5.4m to the DeFi protocol, indicating the platform may have reached a deal with the hacker. Exploiter returns stolen Euler funds worth $5.4m The Euler Finance exploiter on Mar. 18 returned about 3,000 ETH ($5.4m) to the platform’s deployer address. Blockchain investigator PeckShield identified three transactions used to send funds. Euler Finance was hacked on Mar. 13 in a flash loan attack where the exploiter made away with $197m. The funds were stolen over four transactions of $136m staked ether (stETH), $34m USDC, $19m…