Ethereum

Ethereum has received a lot of criticism recently, and accordingly the ETH price has underperformed other altcoins. However, Ryan Berckmans, a prominent contributor of the Ethereum community and investor, boldly claims we are entering the “Age of Ethereum,” a period that could redefine the hierarchy of blockchain technologies. Berckmans shared his insights via X, sparking a mixture of enthusiasm and skepticism among the crypto community. Berckmans argues that Ethereum’s underlying fundamentals remain exceptionally strong despite facing several perceived challenges. He…

Ethereum staking is a financial strategy involving the locking up of Ethereum (ETH) to support the operational security and integrity of the blockchain network. By staking ETH, participants, known as validators, contribute to the network's security and, in return, earn rewards derived from transaction fees and network incentives. This process is critical under Ethereum's Proof of Stake (PoS) model, which emphasizes energy efficiency and a lower barrier to entry compared to traditional mining. However, engaging in staking comes with costs,…

Ethereum co-founder and the CEO of Consensys, Joseph Lubin, has hit out at the Securities and Exchange Commission (SEC) for intentionally stifling innovation in the cryptocurrency industry.  Lubin stated the SEC is engaging in strategic enforcement action instead of meaningful discussions with the crypto industry.  SEC Intentionally Stifling Innovation  Lubin made the comments while speaking at FT Live’s Crypto and Digital Asset summit, held in London, and also elaborated on Consensys’s decision to sue the Securities and Exchange Commission after…

Ethereum price started a recovery wave from the $2,940 support. ETH could gain bullish momentum if it clears the $3,055 and $3,080 resistance levels. Ethereum found support near $2,940 and started a steady increase. The price is trading near $3,030 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair must surpass the $3,080 resistance to continue higher…

The Ethereum price has been closing mirroring the performance of Bitcoin recently and since the Bitcoin price has been on a downtrend, the ETH price has followed. However, Ethereum on its own seems to possess more bearish fundamentals compared to Bitcoin, leading crypto analysts to believe that the second-largest cryptocurrency by market cap will fall further from here. Ethereum Poised To Crash Further A crypto analyst known as Shin Forex took to the TradingView website to share an interesting analysis…

As the clock ticks closer to the end of today, May 3, the cryptocurrency market braces itself for potential upheavals, with roughly $2.4 billion worth of Bitcoin and Ethereum options set to expire. This significant event could catalyze notable shifts in market dynamics, steering the trajectory of Bitcoin and Ethereum prices in the near term. Notably, Options contracts in the crypto sphere allow traders to hedge against price volatility or speculate on future price movements without directly holding the assets.…

The US SEC has set the next deadline for Invesco Galaxy’s Ethereum spot ETF on July 5, 2024. The US SEC has postponed several spot Ether ETFs in the recent past including for Grayscale, Franklin Templeton, VanEck, and BlackRock. On Monday, May 6, 2024, the United States Securities and Exchange Commission (SEC) announced its intent to postpone the deadline for either approving or disapproving the proposed rule change to list and trade shares of Invesco Galaxy Ethereum ETF. Notably, Cboe…

Every investor looks out for the post-halving hype. Historically, this period is marked by the unprecedented growth of innovative underdogs like Raboo. Despite being in its ICO, Raboo has surged astronomically on the back of the growing momentum that stalwart XRP and Ethereum prices are riding. However, Raboo isn’t just riding the coattails of these giants. Its ingenious meme revolution and AI wizardry paint an irresistible picture that attracted thousands of investors to its record-breaking million-dollar ICO. XRP Aims for…

The post JPMorgan Analysts: Robinhood’s SEC Notice Unlikely to Affect Ethereum ETF Approvals appeared first on Coinpedia Fintech News Led by Nikolaos Panigirtzoglou, a team of JPMorgan analysts set out a report that contested that the recent Wells notice that was issued to Robinhood Crypto by the U.S. SEC over alleged unregistered security offerings is least likely to hinder the potential approval of spot Ether ETFs. Wells Notice to Robinhood Crypto Robinhood Crypto, which offers various trading cryptocurrencies, including Bitcoin…