Ethereum Bullish Despite High Transaction Fees
Crypto-investors long Ethereum amid the upcoming Ethereum 2.0 transition despite the high transaction fee.
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Crypto-investors long Ethereum amid the upcoming Ethereum 2.0 transition despite the high transaction fee.
With the increase in Ethereum blockchain activity and amid the growth of ETH price, Ethereum miners were reported to have earned $500,000 in transaction fees in one hour – the biggest amount recorded ever.
Bitcoin’s price action on Monday, August 31st, was quite uncertain. Although it seemed like a double bottom pattern had formed over the weekend, the erratic behavior seen on this day left many scratching their heads.
Ethereum price is up 6% in the past 24 hours to trade around $430 at the time of reporting. This comes after a notable increase in ETH whales despite the cited challenges in implementing Eth 2.0.
SBI FX Trade will become the first forex exchange firm in Japan to support CFD trading for cryptos, including BTC, ETH and XRP.
Futures trading offers an abundance of possibilities for traders including leveraged trading, speculation, and the ability to create strategies that offer uncorrelated returns to the general market.
Ethereum-focused industry startup ConsenSys announced on Tuesday that it had acquired JPMorgan’s Quorum blockchain unit. Earlier JPMorgan was directly involved in funding the ConsenSys quest in the seamless adoption of blockchain technology.
Ripple CEO says that Flare combines the best technological features of Ethereum and Avalance and serves as a smart contract platform for XRP.
After updating their respective highs once again, all assets have started descending corrections, which may be considered just as another movement to the downside before a further uptrend.
On Tuesday, August 18th, ETH is slowly falling; the cryptocurrency is consolidating in anticipation of possible movements. The instrument is mainly trading at $430.92.
Buterin said that there are no technical flaws that would make Ethereum 2.0 be abandoned, stating that the project shall be completed.
The recent ETH options data shows that Ethereum can hit a price of $500. There is enough liquidity and there are obvious calls for this feat to be achieved
Bitcoin fails to break $12,000 providing minuscule weekly returns.
Governor Lael Brainard in his speech yesterday, August 13, has updated the state and status of the digital currencies in the U.S.
JPMorgan is in advance talks of investing $20 million in ConsenSys thereby pushing ahead the merger of its Ethereum-based Quorum to ConsenSys.