Category: Ethereum

Panic Sell or Buy the Dip? CoinShares Says Institutions ‘Extremely Polarized’ Over Crypto Market Correction

Leading digital asset manager CoinShares says that institutional investors are in disagreement over the latest crypto correction. According to CoinShares, crypto investment products saw nearly $88 million worth of inflows last week. However, the numbers may not tell the full story as some investment providers saw more than 10% of their total assets under management (AuM)

Small Ethereum investors increase exposure as ETH loses $4K level

Ethereum’s native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities. According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses

Bitcoin loses $48K on Wall Street open as trader warns altcoins look ‘rekt’ against BTC

Bitcoin (BTC) declined as Wall Street trading opened on Dec. 13 as stocks came off Dec. 10’s record close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD diving below $48,000 to reach multi-day lows at the time of writing. Equities had been tipped to add to all-time highs

Solana on-chain development increases after a recent DDoS attack

Solana, the fifth-largest cryptocurrency by market capitalization, is leading on-chain development charts despite a recent denial-of-service (DDoS) attack. As per Santiment data, Solana surpassed the daily GitHub submission rates of Polkadot and Cardano to become the leading blockchain over the past month. The number of daily GitHub submissions for Solana reached 90 between Nov. 12

3 reasons why Ethereum price can drop below $3K by the end of 2021

Ethereum’s native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support level, risks of further selloffs are emerging in the form of multiple technical and fundamental indicators.

AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise

Crypto trading platform AscendEX suffered a loss of $77.7 million in a hot wallet compromise that allowed hackers to access and transfer tokens hosted over the Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (POLY) blockchains. Soon after realization, AscendEX proactively warned its users about the stolen funds, confirming that the hackers were not able

Imprisoned Silk Road Founder Ross Ulbricht Sells NFT for $5,799,000 Worth of Ethereum in Charity Auction

Silk Road founder Ross Ulbricht has sold a non-fungible token (NFT) for nearly $5.8 million worth of Ethereum (ETH) to the decentralized autonomous organization (DAO) attempting to free him. Ulbricht, who received two life sentences plus 40 years without the possibility of parole in 2015 for founding black market e-commerce website Silk Road, sold his