DeFi Experiment: A Loan Issued With Ethereum Domain Name as Collateral
Ethereum news

DeFi Experiment: A Loan Issued With Ethereum Domain Name as Collateral

NFT-backed loan provider Rocket LP DAO has signed off the first loan in history that for a collateral has only an Ethereum domain name. In a Medium post, director of operations at Ethereum Name Service (ENS), Brantly Millegan, says that he received the world’s first ENS-backed Non-fungible token (NFT) loan. To clarify, ENS is naming…

Ethereum Is Now A Rival To Bitcoin For Daily Value Transfers
Ethereum news

Ethereum Is Now A Rival To Bitcoin For Daily Value Transfers

The daily average transaction values across the Ethereum platform are currently equal to those of the Bitcoin (BTC) network, the latest cryptonews show. This shows that Ethereum is now a rival to the most dominant coin when it comes to daily value transfers. All of this comes from the blockchain analytics firm Messari, showing that…

Binance to pump another ‘Ethereum Killer’ in latest IEO
Ethereum news

Binance to pump another ‘Ethereum Killer’ in latest IEO

Initial Exchange Offerings (IEOs) have largely replaced Initial Coin Offerings (ICOs) as a way to launch a new token or blockchain project. The world’s largest crypto exchange, Binance, announced its latest and greatest update earlier this week, which is a new crypto token called CTSI, or Cartesi. The latest Launchpad offering will promote a token…

Cryptocurrency Market Update: Bitcoin breakdown to $6,000 awaiting confirmation, Ethereum and Ripple in consolidation
Ethereum news

Cryptocurrency Market Update: Bitcoin breakdown to $6,000 awaiting confirmation, Ethereum and Ripple in consolidation

Bitcoin must break the resistance at $7,000 to avoid a possible bearish reversal targeting $6,000. China National Blockchain Committee finally put in place and comprises of 71 members. The cryptocurrency market is facing heightened volatility after a four-week winning streak culminated in a bearish momentum over the week. At the time of writing, the bulls…

First Mover: Bitcoin Market Goes Into ‘Backwardation’ Despite Fed’s Trillions
Ethereum news

First Mover: Bitcoin Market Goes Into ‘Backwardation’ Despite Fed’s Trillions

Bitcoin is searching for a direction. After a wild couple months in crypto markets that saw a ferocious sell-off as the coronavirus spread, followed by a 30 percent price rebound as governments and central banks announced trillions of dollars of emergency financing, the oldest and largest cryptocurrency has settled into a range between $6,700 and $7,400. For bitcoin…

Bitcoin, Ethereum & Litecoin – American Wrap: 4/13/20
Ethereum news

Bitcoin, Ethereum & Litecoin – American Wrap: 4/13/20

Bitcoin has made a lower high on the 4-hour chart after rejecting the 55 EMA on the daily timeframe. Zooming in on the 4-hour now the lower high that was created and it stopped exactly on the 61.8% Fibonacci retracement. Now tracking the projections lower, the extension of 161.8% confluences with the 61.8% of the larger wave…

Ethereum Price Analysis: ETH Tests $150 Following The Rollercoaster In Bitcoin Price
Ethereum news

Ethereum Price Analysis: ETH Tests $150 Following The Rollercoaster In Bitcoin Price

Ethereum saw a 3% price decline over the past 24 hours of trading as the cryptocurrency drops into the $150 level. ETH was previously struggling at the 100-days EMA at around $175, which caused it to fall. Against Bitcoin, the bulls are battling to keep the cryptocurrency above 0.0229 BTC support. ETH/USD: Support: $144, $140,…

How Litecoin’s Halving Could Provide Clues to Bitcoin’s (BTC) Future
Ethereum news

How Litecoin’s Halving Could Provide Clues to Bitcoin’s (BTC) Future

Quick take: Litecoin’s halving in August 2019, was uneventful with LTC’s price failing to meet the expectations of fans and traders. LTC is frequently considered as Bitcoin’s little brother.  Some analysts believe that first doing technical analysis on LTC could provide insights into Bitcoin’s future.  It is Easter Monday and the King of Crypto followed…