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The indicator, calculated by dividing the cryptocurrency price in U.S. dollars by the ratio of the blockchain transaction volume to active wallet addresses (90-day average), will allow investors to estimate ether price trends, particularly when undergoing extreme market lows. Original Source
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After moving away from Bitcoin (BTC) payments years ago, online forum Reddit now seems to be inching closer to embracing cryptocurrency payments via a new partnership with the FTX exchange.Sam Bankman-Fried’s crypto exchange FTX and Reddit announced in a joint statement on Tuesday that the platform intends to integrate Reddit’s
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A U.S. person includes anyone on U.S. soil, as well as any American citizen abroad. Tornado Cash is a mixer, a protocol designed to pool funds in an effort to obfuscate the origin of any given transaction. U.S. officials alleged that a significant amount of the funds flowing through the
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Ethereum co-founder Vitalik Buterin says that centralized stablecoins such as Tether (USDT) and Circle USD (USDC) could become “a significant decider in future contentious hard forks.”Buterin was speaking at the BUIDL Asia conference in Seoul on Aug. 3, along with Illia Polosukhin, the co-founder of Near Protocol (NEAR) to discuss
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Ether (ETH) price is up 60% since May 3, outperforming leading cryptocurrency Bitcoin (BTC) by 32% over that span. However, evidence suggests the current $1,600 support lacks strength as network use and smart contract deposit metrics weakened. Moreover, ETH derivatives show increasing sell pressure from margin traders.The positive price move
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The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2022. Original Source
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Ether (ETH) has taken over Bitcoin (BTC) in the options market for the first time in history as the open interest (OI) of Deribit Ether options, with a value of $5.6 billion, exceeded the OI of Bitcoin options worth $4.6 billion by 32%.OI is calculated by adding all the contracts
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After a surge in Ethereum (ETH) prices last week, the cryptocurrency may now be treading in a consolidation phase, says asset management firm IDEG’s chief investment officer. In a report shared with Cryptox on Monday, the author of the report, Markus Thielen said he while he has been bullish on ETH
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Ethereum failed to stay above $1,650 and extended losses against the US Dollar. ETH might continue to move down towards the $1,500 support zone. Ethereum started a downside correction after it settled below the $1,700 level. The price is now trading below $1,650 and the 100 hourly simple moving average. There was a
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According to data from Glassnode, via Colin Wu, the open interest of Deribit ether options with a notional value of $5.6 billion exceeded the open interest of BTC options (about $4.3 billion) for the first time in history. Open interest is the total number of outstanding derivative contracts that have
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