Bitcoin and Ethereum Drop After Fed Lowers Rates, but Powell Indicates Another Cut is Uncertain
Simply put The CME FedWatch tool, using futures trading data to gauge trader sentiment, indicated a high likelihood of a rate cut. The Conference Board’s Expectations Index, an indicator of business confidence, remains below the level that typically signals an impending recession. Bitcoin is significantly lower than its all-time high reached earlier this month. The […]
Choosing Between Ethereum and Zcash for Your Next Cryptocurrency Purchase
Ethereum vs. Zcash: An Investment Perspective Ethereum is tapping into significant growth as it manages a diverse range of assets on its platform. Meanwhile, Zcash is attracting users who prioritize privacy features. At present, it seems that only one of these cryptocurrencies is gaining traction with financial regulators. Both Ethereum (ETH) and Zcash (ZEC) hold […]
Bitcoin, XRP, Solana, Ethereum Updates: Fed Rate Decision, Major 7 Earnings, Trump-Xi Summit to Influence Markets
Major cryptocurrencies have been climbing in value, with noteworthy influences like interest rate decisions from both the US Federal Reserve (FRB) and the Bank of Japan (BOJ), along with upcoming financial reports from seven critical MAG stocks scheduled for next week. Fed Likely to Cut Interest Rates The Federal Reserve is anticipated to lower interest […]
Ethereum Whales Steadily Gather Holdings as Stablecoin Usage Soars 400%
According to Token Terminal, over the last 30 days, stablecoin transfers on Ethereum have surged by 400%, reaching a staggering $581 billion across more than 12.5 million transactions. Currently, the market cap for Ethereum’s stablecoins stands at over $163 billion. However, Ethereum itself has dipped about 4.5% in the past week, briefly hitting a support […]
‘Pet Rock’ is Over: JPMorgan Will Now Accept Bitcoin and Ethereum as Collateral
JPMorgan to Accept Bitcoin and Ethereum as Loan Collateral JPMorgan Chase & Co. is set to allow institutional clients to use Bitcoin and Ethereum as collateral for loans, marking a significant shift in how major banks on Wall Street are embracing digital assets. The program is expected to launch by the end of this year, […]
Ethereum (ETH) Has Surpassed Bitcoin (BTC) in Key Investing Measure
Shifts in Digital Asset Treasury Focus Digital asset treasury companies, which are public entities that allocate cryptocurrencies to give investors access to digital asset exposure, are starting to move their attention away from Bitcoin. Interestingly, Ethereum is showing significant growth in this space. In fact, one report noted that DAT’s (Digital Asset Treasury) storage share […]
Reason Behind the Ethereum Foundation’s Transfer of $600 Million in Treasury Funds
Simply put The Ethereum Foundation transferred over $610 million worth of ETH to a new wallet on Wednesday. This migration was to Safe’s new multi-signature wallet, which is considered standard practice. More foundations are increasingly investing in DeFi protocols for community development. The Ethereum Foundation moved more than 160,000 ETH, equating to around $610 million […]
Man Makes $5.8K in Ethereum and Receives Three Years of Probation
Simply put Joshua Paul Armbrust pleaded guilty in April to computer fraud for using his previous employer’s AWS account to mine Ethereum. He was sentenced to three years of probation and must repay the full amount involved. This activity cost his former employer over $45,000 in cloud fees while he reportedly earned about $5,800 in […]
North Korean Hackers Utilize ‘EtherHiding’ to Store Malware on Ethereum and BNB Blockchains
Simply put Researchers from Google’s Threat Intelligence Group have identified North Korean hackers utilizing malware called EtherHiding. This malware allows for stealthy and untraceable delivery of malicious code through smart contracts. Pro-regime hackers have already siphoned off over $2 billion this year alone, largely from a hack involving the Bybit exchange. Google’s Threat Intelligence Group […]
Ethereum investors take advantage of market dip as $513 million in global crypto ETPs flow out weekly.
Crypto Investment Products See Significant Outflows Last week, global crypto investment products managed by firms like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares experienced notable net outflows totaling $513 million. This trend comes as investors continue to process the massive liquidation events that occurred on October 10, according to data from CoinShares. James Butterfill, head […]