Ethereum News by Thebittimes.Com

A key Bitcoin battleground forms the backdrop for the end of the month amid a warning that BTC price action "doesn't feel bullish." Bitcoin (BTC) faced a showdown with a key trend line on Feb. 28 as the month ly close finally arrived. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin "doesn't feel bullish" into February close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling an area around $23,500 at the Wall Street open. With United States stocks flat and the U.S. dollar avoiding a return to strength, eyes were on Bitcoin to preserve its gains through last-minute volatility. “Would like to see more Bitcoin bid liquidity enter the active trading range to increase the chances of closing the Monthly candle above the 50-Month Moving Average,” monitoring resource Material Indicators wrote in one of several Twitter posts on the day. “Volume has been weak, so at this stage doesn't feel bullish.” An accompanying c...

The fundraising round included Polygon, Ripple, Octava, NEO Global Capital, Appworks, Sebastien Borget of The Sandbox, GSR, LD Capital, Metavest Capital and others. Blockchain Founders Fund, a Venture Capital fund supporting the adoption of Web3 and Blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such as Sebastien Borget, chief operating officer of The Sandbox. According to the announcement, the fund will focus on supporting high-potential early-stage pre-seed and seed projects that encourage the mass adoption of Web3 and blockchain technology. The fund has already invested in over 100 startups, including Altered State Machine, Splinterlands, GRID, Krayon and Magna.  In an interview with Cointelegraph, Michiko Yuda, marketing coordinator at Blockchain Founders Fund, shared that the Venture Capital fund will potentially be spread...

One important Bitcoin (BTC) chart, according to a crypto analyst that a lot of people pay attention to, shows that major bullishness is coming over the long term. In a new video update, the host of InvestAnswers tells his 441,000 YouTube subscribers that the number of people who are connected through BTC is a sign that the king cryptocurrency will eventually cause a huge run. Metcalfe’s law says that the value of a communications network is proportional to the square of the number of users who are connected to it. “Basically, I have proven that 83 to 84% of Bitcoin [and Ethereum’s] price is explained by the number of daily active users, the addresses, the network effect. But if you look at this chart here, this one chart makes it very clear what will happen to the price of Bitcoin in the long run. Not hopium, just mathematics.” Source: InvestAnswers/YouTube The crypto strategist says that the number of Bitcoin tokens is going down, which, along with ...

Blockchain developer jobs involve designing, developing and deploying decentralized applications, creating smart contracts and more. It might be difficult to find a blockchain developer, particularly if one is unfamiliar with the technology and its range of uses. Employing knowledgeable developers who can assist organizations in creating and deploying blockchain-based solutions that match their objectives is becoming more and more crucial due to the growing demand for blockchain solutions across industries. In this article, we will outline five easy steps to hire a blockchain developer. Step 1: Understand your business needs Understanding a company’s needs and the kind of blockchain solution it wants to construct is crucial before recruiters or hiring managers start looking for a blockchain developer. There are several uses for blockchain technology, including voting systems, supply chain management and decentralized finance (DeFi). Talent management specialists can focus their search...

Dogecoin is arguably the star cryptocurrency that has been basking in the limelight since 2021, after Tesla’s CEO, Elon Musk, announced that he invested in DOGE. It breached $0.01 in early 2021 and went on to climb to a high of $0.73 in May of the same year. While everyone hoped the cryptocurrency would reach $1, it slipped in the indices and never clawed its way back in price. DOGE added an extra ‘zero’ during the bear markets of 2022 and is now trading at $0.08. However, early investors who purchased DOGE turned millionaires when it reached ATH. The newcomers to the meme coin are currently facing losses as it’s on a steady decline after touching its ATH. The coin has barely rallied in the last 12 months, except for a few price bursts triggered by Musk’s tweets. So, can Dogecoin surpass its all-time high and reach $1 by 2023? Let’s find out! Also Read: Shiba Inu: Investment of $3,400 Turns Into $1.55 Billion in 14 Months Dogecoin: Can DO...

U.S. Congressman Tom Emmer has introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act “to halt efforts of unelected bureaucrats” from “stripping Americans of their right to financial privacy.” The bill also prohibits the Federal Reserve “from issuing a CBDC directly to anyone.” CBDC Anti-Surveillance State Act Introduced U.S. Congressman Tom Emmer (R-MN) announced Tuesday that he has introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act in the House of Representatives. The recently elected House Majority Whip tweeted: Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC from stripping Americans of their right to financial privacy. Emmer elaborated in a follow-up tweet that the bill “does three things” by amending the Federal Reserve Act. Firstly, it “prohibits the Fed from issuing a CBDC directly to anyone,” the...

The U.S. Department of Justice (DOJ) has released a statement confirming that four founders of the cryptocurrency firm Forsage have been indicted for over $340 million. According to the DOJ, Forsage used smart contracts created in a fashion similar to a Ponzi scheme. An indictment is issued by a grand jury. It is released if prosecutors are successful in persuading most of them and a formal accusation is justified after an inquiry. Meanwhile, a charge refers to the situation when a prosecutor files criminal charges and accuses a party of an infraction. The four founders and main accused are of Russian origin. Their names are Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov. All four have been officially charged with playing significant roles in the fraud that earned about $340 million from investors. Forsage marketed itself as a decentralized finance platform on the Ethereum (ETH) network. Moreover, the business allowed users to produce long-ter...

The team flagged almost $25 million worth of NFTs hacked through offline signatures at the time of writing. A wallet security team released a real-time dashboard that lets community members detect, track and monitor potential nonfungible token (NFT) hacks using offline signatures in the OpenSea marketplace.  According to the team behind crypto wallet ZenGo, they created an NFT hack detect or using a simple method. This includes tracking realized NFT trades in the NFT marketplace and comparing the trade amount of the NFT collection’s floor price. If the ratio between the two trade values is suspiciously low, it will get flagged as a potential hack. ZenGo wallet dashboard for detecting NFT hacks. Source: Dune Analytics At the time of writing, the dashboard flagged almost $25 million worth of NFTs hacked through offline signatures. Tal Be’ery, the chief technology officer of ZenGo, also told Cointelegraph that this type of hack differs from others in two ways.  First, this type of hack ...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto market lost a little over $2 trillion in 2022. A majority of this disaster could be credited to the global crypto winter, the Luna crash and the infamous FTX closure. Despite 2022 being full of shocks for the crypto market, it also saw the rise of a new era of cryptocurrencies which are backed by sound projects that provide utility to their investors. These coins are less volatile in nature as their volatility is dependent on the growth of the platforms that they are a part of. Below, we have discussed some of these coins and projects that could turn out to be your best investment option for 2023. 1. Fight Out (FGHT) Move-to-Earn (M2E) platforms have been the latest step taken by blockchain towards innovation. Using these platforms, a user can earn attractive rewards for fulfilling daily fitness challenges like running, exercise, etc. Fight Out has already taken the concept of Move-to-Earn to t...

Join Our Telegram channel to stay up to date on breaking news coverage The collapse of the giant cryptocurrency exchange FTX has been good for industry competitors, as trading on major exchanges boomed after the incident. Based on recent research by Bank for International Settlements (BIS) , the case was the same after the collapse of the Terra Ecosysten. From the report, whales on big exchanges like Binance, FTX, and Coinbase may have exited the platforms “at the expense of smaller holders” by cutting down their Bitcoin (BTC) holdings as retail investors went on a buying frenzy. An paragraph from the report read: A new data set on retail holdings of crypto assets reveals that in the wake of the Terra/Luna collapse and the FTX bankruptcy, crypto trading activity increased markedly, with large and sophisticated investors selling and smaller retail investors buying. In a February 20 newscast on ‘ Crypto Shocks and retail losses,’ the BIS reported that ...

According to a well-known crypto analyst, Ethereum (ETH) is preparing for a significant shift that might determine whether it outperforms Bitcoin (BTC) in the next year. The ETH/BTC pair is likely to make a choice shortly as it reaches the end point of a symmetrical triangular pattern, Justin Bennett informs his 111,600 Twitter followers. “This multi-year pattern will likely determine whether Ethereum outperforms or underperforms Bitcoin in 2023.” Source: Justin Bennett/Twitter At the time of writing, the price of ETH/BTC was 0.075 BTC ($1,261), putting Bennett’s diagonal barrier in jeopardy. A bullish ETH/BTC combination predicts that Ethereum will advance more quickly than Bitcoin. Bennett notes that Bitcoin, the leading cryptocurrency, is now bullish after taking off its diagonal resistance on the lower timeframe. “A lot of upside for BTC if it can crack this level. I’m just waiting to see what we get here. Bitcoin.” Source:...

The lead developer of ShibaSwap, Shytoshi Kusama published a second blog about Shibarium on Monday. Read here to know in-depth details about what’s mentioned in the newly released blog post. Also, Shytoshi teased the SHIB community by changing his Twitter bio to a “Heart shaped box” suggesting that the Beta might be out on Valentine’s Day. However, ‘Heart Shaped Box‘ is also a song from Kurt Cobain’s rock band Nirvana from the album ‘In Utero‘ which was released in 1993. Also Read: Exclusive: ‘I’ll Cry When Shiba Inu Reaches $0.01′ To the #SHIB community, Shytoshi just stated that the # Shibarium beta should be live next week!!!!! Kaal is back in action!!!!!!!!!!!! 🚀🚀🚀🚀🚀🚀🚀 #shiba #SHIBARMY New Video (leak): https://t.co/aCJXYG9tgo — YourPOP (@Yourpop8) February 18, 2023 Shiba Inu: What Does Kurt Cobain’s Nirvana Have to Do With Shib...