Author: Maria

Ethereum co-founder Vitalik Buterin has denied allegations that he has been selling significant amounts of Ether for personal gain. Buterin claimed to have sold his ETH tokens to support various cryptocurrency projects and other charitable endeavors.  Here’s Why The Ethereum Founder Moved $2 Million In ETH On Friday, August 30, blockchain data tracker Lookonchain revealed that Buterin transferred 800 ETH (worth about $2 million) to a multi-signature (multi-sig) wallet. This recipient address then swapped 190 ETH for 477,000 USDC shortly after. In the post on the X platform, Lookonchain also noted that Buterin had moved 3,000 ETH (equivalent to more…

Justin Bons, the founder and chief investment officer of European cryptocurrency fund Cyber Capital, has once again criticized the operations of Ethereum L2 solutions. In a recent X post on Saturday, Bons tagged these blockchain platforms designed to improve the scalability of the Ethereum network as dangerous with the capacity to cart away users’ funds unchecked. Ethereum L2 Centralized Design Poses A Problem? According to Justin Bons, most major Ethereum L2 solutions are centralized, with single servers often being responsible for running the platform’s operations.  The Cyber Capital CIO states that this design which goes against the cypherhunk principle of…

Bitcoin is currently experiencing volatile and uncertain price action, with the latest 10% correction raising concerns among investors. While this decline is smaller than the 30% retracements seen in recent months, it is causing significantly more damage to market sentiment as investors grow increasingly weary of the ongoing market dynamics.  The general mood is shifting, with many feeling the strain of this prolonged uncertainty. Prominent investors and analysts are expressing that BTC is now at a crucial level. Data from CryptoQuant’s head of research, Julio Moreno, suggests that if the price drops below $56,000, it could trigger a deeper correction,…

So far in 2024, the Ethereum price performance has fallen short of market expectations. Instead of rallying alongside Bitcoin to new all-time highs as expected, it stalled and failed to claim $4,000 even at the height of its rally. Now, with the third quarter in full gear, the Ethereum price may still be far from any new all-time highs, given that this has historically being the worst quarter for the second-largest cryptocurrency by market cap. How Ethereum Fares In 3rd Quarters The third quarter of the year, consisting of the months of July, August, and September, have always been rather…

The Ethereum price has been on a seesaw motion in the past few weeks, oscillating between the $2,500 and $2,750 zone. The altcoin struggled to make a mark in the past week, as its value fell to as low as $2,400 at some point. While the price performance of the Ether token has been uninspiring in recent months, an analyst has put forward an argument to support the position that the second-largest cryptocurrency might still be in a bullish trend.  Here’s Why The ETH Price Never Stopped Being Bullish In a Quicktake post on the CryptoQuant platform, an analyst with…

Ethereum (ETH) which is addressed as ultra-sound money due to its deflationary supply method, now appears to be facing new challenges that have prompted some analysts to question whether this narrative still holds. A prominent crypto analyst, Thor Hartvigsen, recently highlighted this issue in a detailed post on X, where he discussed the current state of Ethereum’s fee generation and supply dynamics. Is ETH No longer Ultra-Sound money? Hartvigsen pointed out that August 2024 is “on track to be the worst month in terms of fees generated on the Ethereum mainnet since early 2020.” This decline is largely attributed to…

Dell Technologies’ Q2 2024 earnings results had the crypto industry on the edge of its seat, anticipating the company might become the latest to add Bitcoin (BTC) to its balance sheet. No Bitcoin Purchases For Dell Yet Despite CEO Michael Dell’s cryptic posts on social media platform X highlighting Bitcoin’s digital scarcity, Dell Technologies has yet to add any BTC to its balance sheet, Q2 earnings results confirm. Michael Dell’s recent series of posts on X indicated that the billionaire CEO might be bullish on the long-term potential of the leading digital asset.  Michael Dell reposting acclaimed Bitcoin bull Michael…

Bitcoin (BTC) is currently trading below $60,000 after experiencing a volatile period and a notable 11% correction from last Sunday’s peak of $65,103. This sharp decline reflects the heightened uncertainty and fear permeating the market.  Recent key data from Glassnode reveals a concerning slowdown in net capital inflows for BTC, signaling a potential shift in investor sentiment. The decrease in inflows underscores the market’s current fragility and the growing caution among traders. Coupled with the recent price swings and market turbulence, this data suggests that Bitcoin’s journey through this volatile phase is far from over.  As BTC continues to navigate…

Ethereum whales are on the move once again, with thousands of ETH being transferred at a rapid pace in the past few days. One of the latest ETH whale transfers spotted recently was carried out by the project’s co-founder Vitalik Buterin, triggering speculations about the digital asset’s potential in the long term. Another Huge Ethereum Move From Vitalik Buterin In a significant move, crypto bull and Ethereum co-founder, Vitalik Buterin has executed a notable ETH transfer, which has raised eyebrows in the general sector. The large-scale transaction, which came from one of Buterin’s well-known wallets, has generated questions about its…

Ethereum, the second largest cryptocurrency asset, is currently in the limelight as crypto investors have recently demonstrated their renewed interest in and adoption of the historical Spot Ethereum Exchange-Traded Funds (ETFs). Millions of dollars were seen flowing into the products after the market concluded on Wednesday. The inflow is considered a bullish indication for ETH, which suggests that despite recent market setbacks, crypto enthusiasts are becoming increasingly optimistic about the altcoin’s long-term potential. Spot Ethereum ETFs See First Positive Inflow In Almost Two Weeks On Wednesday, the spot Ethereum ETFs once again witnessed a positive capital inflow. The uptick in inflows comes after…