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There is a clear difference in staking intensity between Ethereum and Polygon. A new report suggests that Ethereum's staking activity remains significantly more focused than Polygon's on what is considered to be “potentially unhealthy” for the ecosystem. Ethereum staking is monopolized by a few According to Flipside’s “YoY PoS Staking Report.” crypto potatofrom September 2023 to 2024, Ethereum's top 10 stakers consistently controlled almost half (about 47-48%) of all staked ETH, making it a stable player in the staking ecosystem. reflects an alarming level of centralization. A lack of movement towards further decentralization could raise red flags that the network…
North Shields, UK, October 16, 2024 (Globe Newswire) — Three Protocol is proud to announce the introduction of 3Pay, an advanced financial solution offering KYC-free virtual debit cards and crypto vouchers I think so. This marks an important milestone for the global financial space, introducing private, secure and decentralized alternatives to traditional payment systems while improving global financial inclusion. Three Protocol introduces an innovative approach to digital payments with 3Pay. This eliminates the need for cumbersome and privacy-impacting Know Your Customer (KYC) steps. This ensures that users can enjoy the benefits of cryptocurrency-based transactions without compromising their privacy or facing…
Widely followed crypto analyst Ali Martinez says historically accurate signals are once again bouncing bullish for Ethereum (ETH). Martinez told his 74,000 followers on social media platform “Historically, the price of Ethereum has risen by an average of 130% each time it has bounced off the lower bound of this channel. If this pattern holds true, a similar move could occur in ETH as long as the critical $2,300 support level holds. could push it to $6,000.” Source: Ali Martinez/X At the time of writing, Ethereum was trading at $2,593, down more than 1% in the past 24 hours. Next,…
Cryptocurrency positions worth $280.71 million were liquidated in the past 24 hours, affecting 79,153 traders. Bitcoin price rose 2.79% to $67,861.28, nearing its all-time high of $73,686.93, before retreating slightly to around $67,400. Ethereum rose 0.93% to $2,628.81.Cryptocurrency liquidation heatmap | Source: CoinglassAccording to Coinglass data, long positions accounted for $151.47 million of the liquidation amount, while short positions accounted for $129.24 million. The single largest liquidation occurred on OKX's ETH-USDT-SWAP, with a value of $6.55 million.$31.73 million was liquidated in the last 4 hours, with shorts accounting for 73.13%. During this period, Binance led the exchange in liquidations of…
Cover image (from U.Today) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Peter L. Brandt, an old-school commodities trader who has been in the trading business since the 1970s, uses…
Despite recent whale activity and increased interest in DeFi, altcoins such as Ethereum, Uniswap, and Aave have suffered price declines. But analysts expect the market could recover as the whales continue to accumulate. Crypto whales have increased their positions in several decentralized finance (DeFi) tokens, including Ethereum (ETH) and Uniswap (UNI). A series of large transactions observed over the weekend reflect large accumulations by unidentified whale wallets. According to on-chain analytics firm Lookonchain, this surge confirms the growing interest in DeFi assets. Whales scoop up Ethereum, Uniswap and other cryptocurrencies According to Lookonchain data, an anonymous whale withdrew 299,133 UNI…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Bitcoin (BTC) is showing strong bullish momentum today and is aiming to reach new all-time highs in this…
BitMEX co-founder Arthur Hayes predicted on Wednesday that Bitcoin (BTC) will soar amid escalating geopolitical conflicts, inflation and increased government spending.In a blog post, Hayes argued that the US government's fiscal response to the Middle East conflict will encourage more money printing and fuel the next bull run in Bitcoin prices.”We know that war causes inflation. We understand that the U.S. government has to borrow money to sell bombs to Israel,” Hayes wrote. “We know that the Fed and the U.S. commercial banking system will buy off this debt by printing money and expanding their balance sheets. So as the…
Hong Kong authorities recently shut down a massive cryptocurrency investment scam that defrauded unsuspecting victims of approximately HK$360 million (approximately $46.35 million). The incident took place at a factory in Hong Kong's Hung Hom district. Police raids last week resulted in the arrest of 27 people aged between 21 and 34. They are charged with conspiracy to commit fraud and possession of a firearm. Several of those detained are digital media graduates from local universities, and others are believed to be connected to three local professional groups. According to the Internet Crime Complaint Institute, global losses from cryptocurrency fraud will…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. FXGuys is a top pre-sale project and is expected to grow further in 2024 with increased support for cryptocurrencies from Google. Google has implemented Ethereum Name Service (ENS) into its search engine. It aims to make cryptocurrency information more accessible. Users can now search for Ethereum (ETH) domains and check their balances from the results. This consolidation could drive a bullish outlook for new projects in new coin offerings. One example is FXGuys (FXG), which raised $1 million in…