ETH is trying again to break 2000$ ceiling. It is still too far below its ATH of almost 4900$ but at least for now market seems a little more enthusiastic. How much of this upward movement is due to upcoming merge is anyone's guess. As BTC also slowly moving toward 25k. Good news is if…
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With other POS tokens in the top 10 by market cap having staking percentages between 70/80%, would it not be likely that the same could happen with Ethereum? If so what would the results be to the ecosystem? Ethereum is currently at only 10% staked. submitted by /u/scbill66 [link] [comments]
I always see “valid block” as a term but never understood what’s considered a valid block. Is there a set criteria or is it whatever the majority of nodes and validators consider to be valid at any given time? submitted by /u/ericla1014 [link] [comments]
The vice president of the European Parliament shares her perspective on the European Union’s Markets in Crypto-Assets legislation and how it would affect the industry.
I didn’t expect the kind of response I got out the gate. I wasn’t ready and the underlying functionality was just missing. It made everything super complicated. I was awake 24/7 trying my best to wear 20 different hats which 15 could have easily been taken care of by a little coding and dev work.…
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India’s Enforcement Directorate (ED) has frozen crypto exchange Vauld’s crypto and bank assets worth about INR 370 crore ($46,439,181). Vauld halted deposits and withdrawals last month. The Indian law enforcement agency is reportedly investigating more than 10 cryptocurrency exchanges. Indian Authority Freezes Another Cryptocurrency Exchange’s Assets The Enforcement Directorate (ED), a law enforcement and economic […]
Ethereum price flashed recovery over the last 24 hours after it witnessed consolidation at the $1,800 price mark. Over the last week, ETH logged 20% appreciation. It has been a bullish week for the king altcoin. The last time the altcoin traded around this price level was almost two months ago. It had failed to topple over the $1,900 zone and had retraced shortly after that. The robust support line for Ethereum price was at $1,600. Ethereum price could possibly witness a sharp change once the Ethereum Merge goes live next month. The Merge is the transition from proof-of-work to proof-of-stake has been a highly anticipated event for the Ethereum community. This shift from proof-of-work shall diminish the altcoin’s power consumption by almost 99.5%. If the price of Ethereum manages to stay above the $1,900 mark for a substantial period of time, the coin will manage to touch the $2,000 mark price ceiling. Ethereum Price Analysis: Four Hour Chart ETH was trading at $1,918 at the time of writing. The coin had finally managed to move past the $1,800 price region. Ethereum price has to maintain momentum over the $1,900 mark in order to touch the $2,000 price mark. Overhead resistance for the coin was at $1,970. Local support level for the coin was at $1,700 and then at $1,600 respectively. Incase ETH loses vigour and falls to the $1,600 mark, the inability to sustain at that price level can push the coin to $1,300. The amount of Ethereum traded in the last session was falling which meant that selling pressure was declining at the time of writing. Technical Analysis The altcoin’s technical outlook depicted bullishness on the four hour chart. Buying strength for Ethereum also increased as Ethereum price travelled upwards on its chart. The Relative Strength Index was parked above the 60-mark indicating that buyers dominated the market at press time. If demand for ETH continues to rise, the altcoin might be overvalued leading to a possible price pullback. Ethereum price was above the 20-SMA line, which meant that buyers were driving the price momentum. The altcoin was also above the 50-SMA line which points towards the rising price of the asset. Related Reading: TA – Ethereum Price Faces Resistance As Merge Date Is Announced ETH’s other important indicators also depicted positive price action. Moving Average Convergence Divergence is supposed to display that price momentum and reversals in the same. MACD witnessed a bullish crossover and flashed green signal bars above the half-line registering buy signal for the asset. Directional Movement Index is responsible in determining the price direction of Ethereum. DMI was positive as the +DI line was above the -DI line. Average Directional Index (Red) was bordering the 40-mark which meant that the current price direction was gaining strength. Related Reading: Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone Featured image from UnSplash, chart from TradingView.com
Ethereum's future: • DeFi lobbyists will compromise with regulators • Regulators will set rules for DeFi KYC • Certain L2s will comply with KYC regs • 90%+ of DeFi liquidity (VC/institutional) will move to compliant L2s • You'll KYC once to access an L2 & use DeFi on it so much of this is just…
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The central bank of the Philippines, Bangko Sentral ng Pilipinas, has announced that it will stop accepting crypto license applications for three years, starting next month. The central bank is the primary regulator of the crypto sector in the Philippines. Philippines Halts Accepting Crypto License Applications The Philippine central bank, Bangko Sentral ng Pilipinas, announced […]
Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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