Ethereum Balance on Exchanges Hits a 2-year Low of 12.447M ETH

Ethereum balances on crypto exchanges have hit a 2-year low of 12.447 million ETH Ethereum outflows from crypto exchanges have exceeded 1 million ETH in the last 30 days The outflow of ETH from exchanges continues despite the slowdown in the price of Ethereum ETH is still having a hard time breaking the $2,800 resistance …

Total Value Locked on Polygon (MATIC) Grew by 1,102% in May 2021

The total value locked on Polygon (MATIC) grew by 1,102% in the month of May Address activity on Polygon also grew by 4x in the same time period Polygon’s growth has been fueled by DeFi apps migrating from Ethereum and new projects Polygon (MATIC) has experienced remarkable ecosystem growth during the just concluded month of …

Binance CEO: You Won’t Be Rich Using a Rich Person’s Tweets to Trade

CZ has cautioned traders and investors against using tweets of rich people to trade He explained that most rich people do not become rich by doing things according to other rich people Elon Musk has updated his Twitter profile picture to one of an anime character with laser eyes and wearing the Bitcoin logo The …

Bitmex and Astrobotic to Send 1 Bitcoin (BTC) to the Moon

Bitmex has partnered with Astrobotic to send a unique physical coin of Bitcoin to the Moon The physical Bitcoin will display the Bitmex name, the mission name, the date it was minted and the Bitcoin price at the time of minting The Bitcoin will be on a payload aboard the Peregrine-1 manifest lunar lander The …

Chainlink to Collaborate with IEEE to Develop Intl. Oracle Standards

Chainlink is collaborating with the IEEE to develop global standards for the adoption of decentralized oracle networks Chainlink will be working with the Computer Society Blockchain and Distributed Ledger Standards Committee of the IEEE A Chainlink community grant has been awarded to sponsor the process IEEE is a global body that provides industry standards in …

Ethereum is On Track to Surpass BTC’s Market Cap – Bloomberg Report

Ethereum could be on track to surpass Bitcoin in terms of market cap Ethereum’s market cap is currently half of Bitcoin’s Ethereum will thrive due to continual use-case such as DeFi  Ethereum should consolidate for a while between $2k and $4k The team at Bloomberg has released their monthly Crypto Outlook Report in which they …

Litecoin’s MimbleWimble to be Activated Around the End of 2021

Litecoin’s MimbleWimble protocol is on track for activation around the end of the year The Litecoin MimbleWimble code is currently being reviewed and audited by developers The team at Litecoin has requested any interested developers to join the MimbleWimble Telegram channel to help with the process Like Bitcoin, Litecoin is struggling to recapture the 200-day …

Bitcoin Could Drop to $28k if it Does Not Reclaim the 200-day MA

Bitcoin is currently knocking at the $40k resistance area after breaking out of a symmetrical triangle Bitcoin is yet to reclaim the 200-day moving average as support A failure to retest this crucial MA could result in a dip to $28k Bitcoin is at an inflection point with equal odds of a breakout higher or …

Norton 360 to Soon Let Users Mine Ethereum (ETH)

NortonLifeLock has launched a new feature dubbed Norton Crypto Norton Crypto will enable users to safely mine crypto, specifically Ethereum Select users will be invited to mine Ethereum beginning today Norton Crypto aims at easing the process of mining crypto by providing a secure platform to do so NortonLifeLock, the parent company of the globally …

Ethereum’s 3-month Correlation with Bitcoin Hits a 10 Month High

Ethereum’s 3-month correlation with Bitcoin has hit a 10 month high The increased correlation comes after last month’s Bitcoin dip to $30k that shook the crypto-verse ETH/BTC daily chart hints of Ethereum attempting to break free from the influence of Bitcoin at least in the short term However, 0.08 BTC might prove to be a …

Chainlink (LINK) Now Supported as a Payment Method on LocalBitcoins

LocalBitcoins has added Chainlink as a payment method Chainlink was added alongside Tether, Polkadot, Cardano, BCH, USDC, Dogecoin LocalBitcoin has also added support for several traditional payment methods such as Uphold, PaySera, Airtel Money and More Chainlink is currently having a hard time breaking past the 100-day moving average at the $30 – $32 price …

Dogecoin Could Retest $0.50 if the 50-day MA Turns into Support

Dogecoin has broken the $0.32, $0.35 and $0.40 resistance levels Dogecoin is currently attempting to turn the 50-day MA as support which could propel it back to $0.50 Coinbase Pro will start trading Dogecoin tomorrow, June 3rd Fundamentally, Dogecoin has Elon Musk and the DOGE-1 mission to look forward to next year The famous meme-coin …

Ethereum Trader Sentiment Flips to Doubt as $3k Proves Elusive for ETH

Ethereum traders are showing signs of impatience and doubt as Ethereum keeps ranging in the $2k price area $3k is proving elusive for Ethereum with $2,800 providing stiff resistance All eyes are on Ethereum’s London Upgrade in July which introduces EIP1559 Trader sentiment surrounding Ethereum has flipped to one of doubt, impatience, and exhaustion as …

Theta Network On Track To Launch Mainnet 3, TFUEL Staking on June 30th

The team at Theta Network has confirmed the launch of Mainnet 3.0 on June 30th The upgrade will introduce staking and burning of TFUEL Theta Token (THETA) is currently trading above the 200-day moving average that could provide a springboard to more gains in the month of June The highly anticipated network upgrade of the …

Bitcoin (BTC) Closes the Month of May With -35.31% in Monthly Returns

Bitcoin has closed the month of May with -35.31% in monthly returns This is Bitcoin’s second-lowest monthly return after November 2018 which closed with -36.57% Bitcoin just got rejected at $37,894 and is still trading below the 200 days moving average Chances of another drop to lower levels increase with Bitcoin failing to trade above …

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