Weekly Recap: Bitcoin and Ethereum Enter New Bullish Cycle, But Technicals Spell Trouble
Konstantin Anissimov, Director at CEX.IO, shares insights about the bitcoin and ethereum weekly price movements.
Focus on the ecosystem surrounding Ethereum, the second‑largest network by market cap. Get insights into network upgrades, smart‑contract innovations, DeFi and NFT trends, staking developments and other Ethereum news today.
Konstantin Anissimov, Director at CEX.IO, shares insights about the bitcoin and ethereum weekly price movements.
The continuous delay in the launch of Ethereum 2.0 threatens its dominance as market analysts question whether its development will be able to keep pace with the DeFi growth. Some new DeFi projects have already started looking for alternatives in the meanwhile.
292,672 ETH enclosed make up more than 55% of Ethereum 2.0 deposit contracts required.
Ethereum price breaking above the $500 level is a confirmation of the long-awaited bull rally.
Bitcoin bulls take the market by storm as BTC price surges over 9% and now is getting closer its all-time high. Bitcoin has attained these levels for the first time in approximately the last three years.
Upon a successful upgrade on the 1st of December, Ethereum would shift from its current proof-of-work design to a proof-of-stake consensus protocol.
Jaan Tallinn noted that the reason for donating in Bitcoin and Ethereum is the fact that it is much easier to send digital assets.
The new Bitfinex Borrow platform will allow users to get access to peer-to-peer lending and borrowing by putting their Bitcoin (BTC) and Ethereum (ETH) holdings as collateral.
Despite the total deposits accrued thus far, the 52,801 ETH represents just about 10% of the total amount needed, and the full required deposits are needed to trigger the Beacon Chain.
Due to the way its consensus protocol operates, EOS is considered far more centralized than Ethereum.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements. Weekly recap.
Ethereum developers are inching closer to the launch of Ethereum 2.0 by starting the deposit contracts. The first leg of the launch i.e. the Beacon Chain will go live on December 1.
As the U.S. election remains a hot topic for the world, Bitcoin price seems to be on a significant rise and fall trajectory. A price drop even came at a time when BTC blew out its 12th birthday candles.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) price movements on October 29th.
ConsenSys expects DeFi providers and protocols to be fair enough and provide liquid tokens that resonate with the ETH value that an investor stakes.