Tag: ETH

Ethereum co-founder Joe Lubin says no chance ETH is classed as security

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Ethereum co-founder and crypto entrepreneur Joseph Lubin is confident that Ether (ETH) won’t be classified as a security in the United States. Cointelegraph spoke with Lubin, Ethereum co-founder and founder of blockchain tech firm ConsenSys, in Tel Aviv at the Web3 event, Building Blocks 23. Asked if ETH could be classed as a security in the U.S. after Ethereum’s transition to a proof-of-stake (PoS) consensus model, Lubin said: “I think it’s as likely, and would have the same impact, as if Uber was made illegal.” “There would be a tremendous…

ETH Nears $1,700, Fed Prepared to Maintain Rate Hikes – Market Updates Bitcoin News

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Ethereum closed in on the $1,700 level on Wednesday, as markets reacted to comments from U.S. Federal Reserve Chair Jerome Powell. Speaking after Tuesday’s session, Powell hinted that the Fed could continue to hike rates, should the data show the need for action. Bitcoin was also boosted by the news, climbing back into the $23,000 region. Bitcoin Bitcoin (BTC) moved higher on Wednesday, following comments from Federal Reserve Chair Jerome Powell. Speaking yesterday, Powell stated, “The reality is we’re going to react to the data. So if we continue to…

Bitcoin BTC Favored Over Ether ETH by CME Traders in 2023 So Far , Arcane Research Report Shows

Joe DiPasquale, CEO of crypto fund manager BitBull Capital, told CoinDesk that institutional investors’ preference for BTC represented “the safest choice in a bear market.” He noted that Ethereum’s upcoming protocol updates might be raising concerns about an increased “risk of things going wrong,” and added that the Shanghai hard fork, which will allow validators who help operate the network to withdraw 16 million staked ETH, “is expected to add selling pressure.” Source

Price analysis 2/6: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

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The US dollar’s rise has put brakes on Bitcoin’s price recovery, but lower levels are likely to attract buyers for BTC and altcoins such as DOGE. The United States dollar index (DXY) has started a strong recovery and its rise is putting pressure on Bitcoin (BTC) and the S&P 500 (SPX) index. The market participants will be keenly watching for any insights on future rate hikes when the Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Washington on Feb. 7. Meanwhile, Bitcoin’s 43% rebound in January has…

NAB Introduces Stablecoin on Ethereum (ETH), Bitcoin (BTC) Gains Traction and Orbeon Protocol (ORBN) Continues Presale

Place/Date: – February 6th, 2023 at 5:28 am UTC · 3 min read Source: Orbeon Protocol National Australia Bank (NAB) has announced the launch of a stablecoin on the Ethereum (ETH) blockchain. This move comes as Bitcoin (BTC) continues to gain mainstream acceptance and Orbeon Protocol (ORBN) continues its presale, moving into phase 5 with a token price of $0.06. Ethereum (ETH) Created in 2015 by Vitalik Buterin, Ethereum (ETH) is an open-source blockchain platform that allows developers to create and deploy decentralized applications (Dapps). Ethereum (ETH) stands out amongst…

ETH Remains Near $1,700 to Start the Weekend  – Market Updates Bitcoin News

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Ethereum continued to trade close to a key resistance level of $1,700 on Saturday, following Friday’s U.S. non-farm payrolls (NFP) report. Yesterday’s report showed that 517,000 jobs were added to the U.S. economy in January, better than the 185,000 many were expecting. Bitcoin mostly consolidated however, as traders moved to take recent profits. Bitcoin Bitcoin (BTC) moved lower to start the weekend, as traders continued to secure gains following a recent climb to a six-month high. Following a high of $23,678.10 on Friday, BTC/USD fell to an intraday low of…

Ethereum (ETH) price is aiming for $1,800 in February — Here is why

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Ether (ETH) has been struggling with the $1,680 resistance since Jan. 20. Still, the ascending triangle pattern and improvements in investor sentiment in ETH derivatives provides hope that Ether price could reach $1,800 or higher by the end of February. This, of course, depends on how the Ether price behaves as it reaches the pattern deadline by mid-February.  Ether/USD price index, 12-hour. Source: TradingView From one side, traders are relieved that Ether is trading up 33% year-to-date, but the repeated failures to break the $1,680 resistance coupled with negative newsflow…

Ethereum’s Shanghai fork is coming — but it doesn’t mean investors should dump ETH

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Ethereum’s next big upgrade, Shanghai, is on the horizon for March. The Shanghai hard fork will implement further improvement proposals for the Ethereum network as well as enable Ether (ETH) stakers and validators to withdraw their assets from the Beacon Chain. At the time of writing, staked ETH represents approximately 14% of the total supply, or 16 million coins. It equates to over $25 billion at ETH’s current price, a substantial sum that will gradually become liquid following the fork. Some ETH stakers have waited over three years to withdraw…

US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group

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The Office of Foreign Assets Control of the United States Department of the Treasury has added two cryptocurrency wallets allegedly connected to a Russian sanctions evasion network as part of its list of Specially Designated Nationals. In a Feb. 1 announcement, OFAC said it had added one Bitcoin (BTC) address and one Ether (ETH) address to its list of sanctioned entities as part of a move to “methodically and intensively target sanctions evasion efforts around the globe.” Treasury said it would impose “full blocking sanctions” on 22 individuals, including Jonatan Zimenkov,…