Ethereum

Recently, Ethereum dropped by 10.54% from $240.47 to $215.13 in three hours. During the collapse, there were liquidations valued at millions of dollars on the BitMEX platform. According to data by Skew, massive liquidations occurred between the 26th of February and early on the 27th of February. Initial liquidations happened at about 16:00 UTC when Ethereum valued at $3 million (longs) liquidated on BitMEX. Seven hours later, liquidation worth $2.5 million occurred. The aggregated sell and buy liquidations recorded were…

On February 25, a blog post revealed that the Coinbase wallet began supporting short crypto names that are easily memorable.  The Coinbase Wallet is quite different from Coinbase's main wallet in that in the designation; it allows users to take control of their funds. Moreover, it will enable users to access other decentralized applications (DApps).  Currently, it's tough to complete a transaction since one needs a long Alphanumeric string full of characters to send. Often, users need to copy and…

It has been all smiles and laughs for the crypto community in the last two weeks. Bitcoin has been hovering in the $10 000 marks, a rise that has caused a domino effect to altcoins as their prices increase significantly.  However, this past week (9th-15th Feb), Crypto prices have experienced intense volatility, defying almost all prominent analysts’ predictions.  Take a look at the nitty-gritty details that have been shaping up the crypto markets in the past week. While in that…

Following its inception, several market analysts believed that TRON (TRX) would be the biggest threat to the Ethereum ecosystem. That call might have been premature, for the Tron ecosystem lacks a key defining feature for Ethereum, a vibrant Decentralized Finance (DeFi) apps scene. DeFi Vibrancy DeFi is positioned as an indispensable feature for Ethereum, with the buzz in the blockchain's ecosystem affirming this. About $600 million was locked up in DeFi by 11th December 2019, already a 200% growth from…

The ETH/USD price is sustaining some significant support over $185, and the price may continue to uptrend to over $190, and keep it up in the near term. This year, the price attained a fresh high of $195 before a downside retracement. This retracement resulted in below $192 and $190 support.  However, the support zone at $185 became a rugged bullish area together with the 100 hourly SMA. The price eventually formed a swing low close to $184, and currently,…

Elon Musk, the chief executive of Tesla and SpaceX, got tired of online cryptocurrency scams. On the 1st of February, Musk warned his Twitter followers of cryptocurrency scams which are attaining new levels each day. Scammers involving non-digital currency scams hijack Twitter accounts with an official ‘verified’ seal, and then change usernames to look like renowned individuals’ names in the tech space. These scammers then manipulateTwitter users to send them bitcoins to spurious accounts. How Some Cryptocurrency Scams Occurs and…

As a malleable concept, the definition of an 'organization' has been redefined, altered, and modified based on the roles it has come to play. The concept has gone through an evolution of functionality. The definition of an Organization evolves as humans need change. Although it is affected by human needs evolution, every organization needs an infrastructure, a base to develop. Its decision-making process can characterize the Infrastructure of a particular organization. A 'traditional' organization is known to be built on…

At the beginning of the year 2020, Virgil Griffith, an ethereum researcher, got accused due to traveling to North Korea and purportedly aided the country to evade sanctions. Griffith got arrested by the FBI last year for allegedly traveling illegally to North Korea. Prosecutors said that Virgil Griffith used blockchain and cryptocurrency to assist North Korea in evading sanctions. He got charged with violating the International Emergency Economic Powers Act. On the 30th of January 2020, NK news reported that…

On the 28th of January, a press release confirmed that the Ethereum foundation gave a $650k grant to Nimbus. The grant is for Nimbus to continue working on light Ethereum 2.0 clients. The project aims to allow smartphones and other embedded devices to handle smart contract capable nodes. In March 2018, Status launched Nimbus as an infrastructure project. The Ethereum Foundation and Gitcoin contributed to the project’s funds. Ethereum Foundation also contributed an aggregate of 1.65 million USD. Initially, the…