A naukri.com initiative
Ethereum News
TechBullion
1M
333
Image Credit: TechBullion
Ethereum Whales Move $15M Into This Dual-Chain Token as ETH Price Struggles to Hold $2,800
- The price of Ethereum (ETH) has been facing challenges, struggling to maintain $2,800.
- Investors are diversifying their assets to more promising projects amidst the volatile ETH market.
- DTX Exchange, a dual-chain token, has attracted over $14.8 million in investments from Ethereum whales.
- DTX Exchange offers unique features such as high transaction speeds and a hybrid trading platform that bridges the gap between crypto and traditional financial markets.
Read Full Article
20 Likes
TronWeekly
1M
228
Image Credit: TronWeekly
Ethereum Open Interest Surges to $562M, Fuels Market Speculation
- Ethereum's open interest reaches $562 million, with Bybit's ETH OI at $2.25 billion, indicating strong trader engagement.
- Binance reports $1.8 billion in ETH trading volume, while Coinbase records $900 million, ensuring a stable liquidity environment.
- ETH traded at $3,200, with RSI at 65 and a bullish MACD crossover signaling potential gains.
- Decentralized exchanges report increased activity, with ETH's trading volume on DEXs rising 10% over 24 hours.
Read Full Article
13 Likes
TheNewsCrypto
1M
375
Image Credit: TheNewsCrypto
Bybit Hit by $1.4 Billion Crypto Heist as Lazarus Group is Suspected
- Bybit, a leading cryptocurrency exchange, suffered a security breach in which $1.4 billion worth of ETH was stolen.
- The hack is suspected to be linked to the North Korean Lazarus Group.
- Bybit's CEO confirmed the breach happened due to an advanced attack that exploited a masked user interface and URL.
- Bybit is investigating the incident and has promised enhanced security measures.
Read Full Article
22 Likes
Bitcoinist
1M
338
Image Credit: Bitcoinist
Grayscale’s Ethereum ETF On The Brink Of Major Change With NYSE’s Staking Proposal
- The New York Stock Exchange (NYSE) has proposed a rule change that would allow the Grayscale Ethereum Trust (ETHE) and Grayscale Ethereum Mini Trust (EZET) to stake their ETH holdings.
- This change would enable the trusts to earn rewards on their staked ETH while keeping the assets under the custody of their current custodian.
- Grayscale's staking proposal aims to make the Ethereum investment vehicles more appealing to institutional investors seeking staking benefits and contribute to the security of the Ethereum network.
- If approved, the proposal could enhance the appeal of ETHE and EZET, potentially reducing outflows and boosting their performance.
Read Full Article
20 Likes
Cryptoninjas
1M
205
Image Credit: Cryptoninjas
ETF Flows: Bitcoin and Ethereum Experience Major Sell-Off on February 20
- Bitcoin ETFs faced $364.8M in outflows, indicating high selling pressure from institutional investors.
- Ethereum ETFs experienced $13.1M in withdrawals, signaling cautious investor sentiment towards ETH.
- Increased supply and selling activity may put downward pressure on BTC and ETH prices in the near term.
- Investors should monitor ETF flows, macroeconomic developments, and regulatory decisions to stay informed.
Read Full Article
12 Likes
Zycrypto
1M
128
Image Credit: Zycrypto
Ethereum’s Vitalik Buterin Takes a Moral Stand Against Crypto Casinos
- Vitalik Buterin, co-founder of Ethereum, opposes the idea of embracing the casino industry within the blockchain.
- Buterin stated that he would leave the crypto space if Ethereum were to support crypto casinos as it goes against his moral beliefs.
- The focus on issues such as crypto gambling and the lack of ethical standards disappoints Buterin, who advocates for a more calculated and frugal approach for the Ethereum Foundation.
- Ethereum Foundation has allocated 45,000 ETH to decentralized finance (DeFi) projects like Compound in response to community concerns regarding funding strategies.
Read Full Article
7 Likes
Pymnts
1M
91
Image Credit: Pymnts
Crypto Exchange Bybit Reports Hack, Analysts Estimate $1.5 Billion Loss
- Cryptocurrency exchange Bybit reported a hack in which a cyberattacker stole some of its holdings.
- Analysts estimate the loss to total nearly $1.5 billion worth of tokens, making it one of the largest incidents in the crypto industry.
- Bybit's security team is working with blockchain forensic experts to investigate the incident and trace the assets.
- The exchange assured users that all other Bybit cold wallets remain secure and client funds are safe.
Read Full Article
5 Likes
Cryptopotato
1M
183
Image Credit: Cryptopotato
ByBit Lost 70% Of Ethereum Holdings To Hacker, Says CEO
- Bybit, a crypto exchange, lost around seventy percent of its customers' ETH holdings in a $1.5 billion hack.
- Hackers tricked the key holders of Bybit's cold wallet into signing a malicious transaction, allowing them to steal over 400,000 Ether.
- The hack was allegedly carried out by the North Korean 'Lazarus Group', a notorious hacking group.
- Despite the loss, Bybit assured that all client losses are covered, and the exchange is securing a bridge loan to support liquidity.
Read Full Article
11 Likes
Livebitcoinnews
1M
187
Image Credit: Livebitcoinnews
Apex Fusion Unveils AP3X Token and PRIME Chain
- Apex Fusion has introduced its blockchain network and indigenous token, AP3X, which has started developing a decentralized and scalable network.
- The initial chain in the network is PRIME, which today is running on a strong staking and security framework.
- To advance scalability and interoperability, the roadmap of Apex Fusion includes two Layer 2 solutions, VECTOR and NEXUS.
- Apex Fusion’s mission is to bridge blockchain networks, so decentralized technology becomes more accessible and streamlined.
Read Full Article
11 Likes
TechCrunch
1M
36
Image Credit: TechCrunch
Crypto exchange Bybit says it was hacked and lost around $1.4 billion
- Crypto exchange Bybit announced a sophisticated attack leading to the theft of around $1.4 billion worth of Ethereum from one of its offline wallets.
- The amount of ETH stolen makes it the largest known theft of cryptocurrency in history, surpassing previous breaches against the Ronin Network and Poly Network.
- Bybit's CEO confirmed the theft and stated that the company is solvent and can cover the loss, even though the stolen funds may not be recovered.
- Bybit, based in Dubai, had an estimated total assets of $16 billion as of last week, according to CoinMarketCap.
Read Full Article
2 Likes
Newsbtc
1M
36
Image Credit: Newsbtc
Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867
- Ethereum may soon break above its all-time high of $4,878 based on multiple technical indicators.
- Ethereum is positioned at a key inflection point, trading just above a multi-year support trendline, with historical rebound potential.
- The support trendline is reinforced by Fibonacci levels and the monthly 55 Exponential Moving Average (EMA).
- The formation of an ascending triangle pattern suggests a higher probability of an upward breakout for Ethereum, targeting $4,867.
Read Full Article
2 Likes
TronWeekly
1M
27
Image Credit: TronWeekly
Ethereum Vs. Competitors: Can Ethereum Survive the Growing Threat?
- Ethereum faces uncertainty, with analysts questioning its long-term potential amid rising competition and technological limitations.
- Layer 2 solutions are siphoning ETH’s value, making its Layer 1 less appealing and raising doubts about its future.
- As competition grows, Ethereum’s market dominance is at risk, with experts suggesting investors sell ETH between $6,000 to $8,000.
- There are doubts about the future of Ethereum due to increasing competition and technological constraints, with analysts advising caution in investment strategies.
Read Full Article
1 Like
Coinjournal
1M
260
Image Credit: Coinjournal
Bybit suffers $1.4 billion hack, ETH drained from exchange wallet
- Bybit, a crypto exchange, has been hacked with over $1.4 billion worth of ETH and staked ETH stolen from its cold wallet.
- The CEO, Ben Zhou, confirmed the hack and stated that Bybit remains solvent and can cover the losses.
- The hack involved a sophisticated attack that manipulated the transaction and transferred the funds to an unidentified address.
- Bybit's withdrawals were unaffected, and investigations are underway to unmask the hacker's identity.
Read Full Article
15 Likes
Bitcoinist
1M
274
Image Credit: Bitcoinist
Ethereum Price Dips After Bybit Reports Massive $1.4 Billion Hack
- Cryptocurrency exchange Bybit confirmed a major security breach involving its ETH cold wallet.
- During a transfer, a 'sophisticated attack' manipulated the transaction process allowing the hacker to gain control of the wallet.
- Approximately $1.44 billion worth of assets, including 401,347 ETH, were withdrawn in the breach.
- Bybit assures users that all other cold wallets remain secure and client funds are safe.
Read Full Article
16 Likes
Crypto-News-Flash
1M
247
Image Credit: Crypto-News-Flash
SEC Signals Interest in Crypto Staking – Regulatory Update Ahead
- The US Securities and Exchange Commission (SEC) is interested in staking and has requested information on its types and benefits.
- The SEC's interest in staking is a significant shift in their perception, as staking-related activities were previously considered to violate securities rules.
- The SEC has asked the industry to provide a memo with comprehensive information on different types of staking and their benefits, suggesting the possibility of releasing a regulatory framework for staking in the future.
- The approval of staking in the 21Shares Core Ethereum ETF could impact the price of ETH by reducing the circulating supply and potentially appreciating its value.
Read Full Article
14 Likes
For uninterrupted reading, download the app