Tag: ethereum
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Startup Babylon Enables Bitcoin Staking on Proof-of-Stake Networks, Raises $18M Funding
New Startup Allowing Bitcoin Stake on Proof-of-Stake Networks One fundamental truth is that proof-of-stake networks, such as Ethereum, and proof-of-work networks, such as Bitcoin, are like water and oil—they simply don’t mix without compromises like wrapped tokens and blockchain bridges. However, Babylon, a startup led by a Stanford professor and a former Dolby engineer, aims […]
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Ethereum’s Ascendancy: JPMorgan Foresees Bright Future Amid Bitcoin’s Dimming Spark
Bitcoin’s Outlook for 2024 Bitcoin, the leading cryptocurrency, has recently faced a challenging period along with the broader market. This has sparked debates about its resilience going forward. As 2024 approaches, enthusiasts are becoming increasingly excited about the future of Bitcoin due to expectations of a Spot Bitcoin ETF approval and the upcoming halving event, […]
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SEC Extends Deadline for Invesco Galaxy Ethereum ETF Approval, Market Anticipates Impact
Invesco and Galaxy’s Sequential ETF Pursuits Before seeking approval for the Invesco Galaxy Ethereum ETF, Invesco and Galaxy had made an earlier attempt to secure approval for a spot Bitcoin ETF, which was reactivated in June. The main objective of the proposed Invesco Galaxy Ethereum ETF is to offer investors an opportunity to gain exposure […]
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Ethereum’s Bullish Momentum Signals $2,500 Potential by Mid-January 2024
Introduction The price trajectory of Ethereum has been a topic of intense scrutiny and speculation, given its numerous reversal signs. However, it is crucial to approach any projection in the volatile market with caution. In this analysis, we examine Ethereum’s recent price performance and explore the key indicators that suggest an upward momentum while considering […]
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Rainbow Launches Rewards Program, Teases Future Token Airdrop in Market Battle
Rainbow Introduces Innovative Rewards Program Ethereum wallet Rainbow made an exciting announcement on Tuesday, unveiling its Rainbow Points rewards program. Described as “the first step towards including our community in the future success of Rainbow,” the program is generating considerable excitement among users. Notably, this latest move might be a subtle hint at an upcoming […]
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Avalanche (AVAX) Outperforms Ethereum (ETH) With 100% Surge in One Month
Avalanche Takes Flight Amidst Ethereum’s Losses While Ethereum (ETH) has experienced a downturn in recent days, its competitor, Avalanche (AVAX), has been charting a different course. Not only has Avalanche gained 38% during the week when Ethereum saw a decline of over 4%, but it has also skyrocketed by more than 100% in the past […]
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Ethereum’s OFAC Compliance Drops to a New Low: Community Celebrates Resistance Against Censorship
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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Inflation Slowdown Sparks Rise in Cryptocurrency Market: Get Ready for a Bullish Run!
The January CPI data will be released by the U.S. Bureau of Labor Statistics. Today marks the day when the Consumer Price Index (CPI) statistics for the month of January will be made public by the U.S. Bureau of Labor Statistics. The inflation rate is likely to drop down to 6.2%, the lowest level since […]
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As the momentum for the downside slows, Ethereum Maintains Above $1,400
The price of Ethereum (ETH) is decreasing and is getting close to $1,462.20 as a low. The bearish momentum has diminished as Ether maintains its position above the SMA of the 50-day moving average. The largest alternative currency is, incidentally, trapped inside the moving average lines. Ethereum will be compelled to move in a range […]
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Traders Remain Calm Despite Crypto Market Pullback: Options Market Suggests Subdued Volatility Expectations
Crypto Markets Displaying Subdued Volatility Expectations The cryptocurrency market has seen a recent dip in prices, with Bitcoin falling to the mid-$21,000 range and Ethereum dropping below $1,500. However, despite this pullback, options markets indicate that traders still have low expectations for volatility. Deribit’s Bitcoin and Ethereum Volatility Indices are both close to record lows, […]