Tag: Ethereum

21co rolls out Wrapped Bitcoin on Ethereum blockchain

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21.co is expanding the lineup of wrapped tokens, bringing its Wrapped Bitcoin to the Ethereum blockchain. 21.co, the parent company of crypto exchange-traded products provider 21Shares, has announced the launch of its Wrapped Bitcoin (21BTC) on the Ethereum blockchain. In a Sept. 3 press release, the company said the latest product is launched in partnership with Flow Traders, one of the world’s largest market makers. Unlike traditional “lock-and-mint” methods, 21.co emphasizes that it stores the underlying assets in cold storage without the need for a bridge. Eliezer Ndinga, head of…

Is Ethereum Headed For Trouble? Analyst Warns Of Surging Exchange Reserves

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Ethereum, the second-largest cryptocurrency by market capitalization, has been under significant pressure in recent weeks. As its price continues to fluctuate, analysts have been observing its market signals to determine whether the current phase is one of accumulation or distribution. According to a recent analysis by CryptoQuant analyst Shayan, the Ethereum exchange reserve metric, which tracks the amount of ETH held in exchange wallets, is providing insights into this question. What Does The Ethereum Exchange Reserve Currently Signals? Shayan disclosed in the analysis shared in a post on the CryptoQuant…

Ethereum Maintains Similarities With 2016 Price Movements

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Este artículo también está disponible en español. The Ethereum price action has significantly underperformed traders’ expectations over the past few months. Ethereum is currently trapped in a bearish trend, with its price now down by 23% over a 30-day period. This downturn contrasts sharply with the hopes of many ETH investors who have been anticipating a bullish surge following the launch of Spot Ethereum ETFs. However, technical analysis suggests that Ethereum’s recent performance is not unusual for the cryptocurrency, as it appears to be mirroring a similar pattern observed in…

Ethereum Investors Spend Big On Mpeppe’s (MPEPE) New Gambling Token

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Este artículo también está disponible en español. In the ever-evolving world of cryptocurrency, investors are always on the lookout for the next big opportunity. While established tokens like Bitcoin (BTC) and Ethereum (ETH) continue to dominate the headlines, a new contender is rapidly gaining attention: Mpeppe (MPEPE). This new gambling token has recently caught the eye of Ethereum (ETH) investors, who are spending big in anticipation of its potential. Ethereum’s Performance and Investor Sentiment Ethereum (ETH), the second-largest cryptocurrency by market cap, has faced a challenging period recently. The token…

Major Ethereum ETH Investors Take Notice Of Mpepe & PlayDoge, Here’s Why

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Este artículo también está disponible en español. We have notice that a significant number of major Ethereum (ETH) investors have shifted their focus towards two new and promising presales: Mpeppe (MPEPE) and PlayDoge (PLAY). Here’s why these projects are catching the attention of seasoned crypto enthusiasts and why they could be the next breakout stars in the meme coin and play-to-earn (P2E) sectors. PlayDoge (PLAY): A Swift ICO Success PlayDoge (PLAY) has quickly established itself as a major contender in the meme coin space. Completing its Initial Coin Offering (ICO)…

Ethereum Gambling Platform Hosts ETH Millionaire Gamers, Here’s The Hype

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Este artículo también está disponible en español. The cryptocurrency market is abuzz with the latest developments in Ethereum (ETH) and its expanding ecosystem. Recently, a new Ethereum-based gambling platform has garnered significant attention, especially among ETH millionaires who are flocking to the platform, driven by the potential for substantial gains. This platform, which integrates the power of Ethereum (ETH) with the thrill of gambling, along with the innovative Mpeppe (MPEPE) token, is set to revolutionize the way high-stakes gamers and crypto enthusiasts engage with decentralized finance (DeFi). Ethereum (ETH) and…

Ethereum Price Eyes Downside Thrust: Will It Slip Further?

Este artículo también está disponible en español. Ethereum price started another decline below the $2,550 support. ETH could dive toward the $2,250 support zone before the bulls emerge. Ethereum started a fresh decline below the $2,550 level. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $2,400 to start another increase in the near term. Ethereum Price Extends Losses Ethereum…

Ethereum (ETH) Struggles To Break Past $2,600: What’s Driving ETH Down?

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Ethereum (ETH) has been trading within a daily range between $2,300 and $2,800 since the start of August. Over the past three days, the price has struggled to break past the $2,600 mark, raising concerns among analysts and investors.  Related Reading This performance has led to disappointment, particularly when compared to Bitcoin’s stronger showing this year. Critical data from Farside Investors reveals decreasing interest in Ethereum ETFs, which has added to the cautious sentiment surrounding ETH. This decline in interest may indicate broader concerns about Ethereum’s future performance.  As ETH…