Category: Ethereum

Decentralized Exchange Sushi Ventures Beyond Ethereum by Expanding to Aptos

September 12, 2023 Caden

The decentralized crypto exchange Sushi is expanding to the Aptos blockchain. The team noted that the move marks Sushi’s first expansion onto a non-EVM blockchain. From Ethereum to Aptos Sushi is a decentralized exchange (dex) and automated market maker (AMM) built on the Ethereum blockchain. It allows users to trade crypto assets and provide liquidity…

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Bitcoin, Ethereum Technical Analysis: BTC Consolidates Lower Ahead of FOMC Meeting Minutes

July 5, 2023 Caden

Bitcoin dropped below $31,000 on Wednesday, as markets consolidated ahead of the upcoming U.S. Federal Open Market Committee (FOMC) minutes. The minutes of last month’s meeting are expected to show the Fed’s potential path to further hikes this year. Ethereum fell for a second straight session. Bitcoin Bitcoin (BTC ) consolidated on Wednesday, as markets…

Analysis, Bitcoin, BTC, ETH, Ethereum, FOMC Minutes, Market Updates

Bitcoin, Ethereum Technical Analysis: BTC Above $28,000 as Biden Announces Debt Ceiling Deal

May 29, 2023 Caden

Bitcoin climbed above the $28,000 level on Monday, as U.S. President Joe Biden confirmed that a deal was agreed in principle. Biden labeled the agreement a “compromise,” with Republican Kevin McCarthy calling it “historic.” Ethereum was also higher on the news, hitting a three-week peak. Bitcoin Bitcoin (BTC ) rose above the $28,000 to start…

Analysis, Biden, Bitcoin, BTC, debt ceiling, ETH, Ethereum, Market Updates

Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard

April 6, 2023 Caden

On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital…

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Bitcoin, Ethereum Technical Analysis: BTC Moves Briefly Back Above $25,000

March 16, 2023 Caden

Bitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior. The potential collapse of Credit Suisse was somewhat averted, following an intervention from the Swiss National Bank, which has helped calm markets. Ethereum mostly consolidated in today’s session. Bitcoin Bitcoin (BTC ) rose back above the $25,000…

Analysis, Bitcoin, BTC, ETH, Ethereum, Market Updates

Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000, as Powell Warns of Higher Rates

March 8, 2023 Caden

Bitcoin moved below the $22,000 level on March 8, as markets continued to react to U.S. Fed Chair Jerome Powell’s testimony. Speaking in front of the Senate Banking Committee, Powell said he expected rates to be higher than initially anticipated. Ethereum has also slipped on the news. Bitcoin Bitcoin (BTC ) dropped below $22,000 on…

Analysis, Bitcoin, BTC, ETH, Ethereum, Market Updates

NFT Sales Soar: January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase

February 2, 2023 Caden

Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additionally, the number of digital collectible transactions rose more than 22% in the past month. Bored Ape Yacht Club Dominates, Ethereum…

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Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition

January 30, 2023 Caden

Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic’s hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the network’s hashrate has decreased significantly as 44.33% of it has been lost over the last…

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Bitcoin, Ethereum Technical Analysis: BTC Above $18,000, ETH Hits 2-Month High

January 12, 2023January 27, 2023 Caden

Bitcoin rose to a four-week high on Thursday, as price surged above $18,000 hours before the upcoming U.S. inflation report. This comes as many expect today’s figures to show a considerable drop in consumer prices. Ethereum also moved higher, climbing above $1,400 in the process. Bitcoin Bitcoin (BTC ) surged above $18,000 on Thursday, as…

Analysis, Bitcoin, BTC, ETH, Ethereum, Market Updates

Trump’s NFT Prize Collection Surfaces on Secondary Markets, Generates $53K in 24-Hour Sales

January 12, 2023January 27, 2023 Caden

Following the launch of Donald Trump’s non-fungible token (NFT) card collection, winners of the Trump-themed prizes are selling prize NFTs on secondary NFT marketplaces such as Opensea. The Polygon-minted NFTs act as passes for a one-on-one Zoom meeting with the 45th president of the United States and a gala dinner with Trump. During the past…

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