Ethereum News by Thebittimes.Com

Polygon, the Layer 2 scaling solution for Ethereum, has gained significant attention from investors and traders alike. On-chain data from ali_charts reveals that over 28,500 addresses have accumulated approximately 4.10 billion MATIC tokens between the price range of $0.99 to $1.08. On-chain data shows that #Polygon sits on top of stable support. Over 28,500 addresses bought ~4.10 billion #MATIC between $0.99 and $1.08. Still, Polygon needs to overcome the $1.15 to $1.31 supply wall to enter a new uptrend. Here, 45,300 addresses hold ~1,50 billion #MATIC. pic.twitter.com/fOsFX52lCE — Ali (@ali_charts) March 30, 2023 According to the savvy analyst, this accumulation has created a strong support level for MATIC/USD cryptocurrency pair. Therefore, according to market watchers, this reveals investors’ confidence in the prospects of Polygon. However, according to Ali, Polygon still faces a significant supply wall between $1.15 to $1.31, with around 45,300 addresses ho...

Over the last couple of days, an increased amount of Dogecoin [DOGE] was moved across the market. Whale Alert noted that a total of 350 million DOGE were transferred among wallets. This amounted to about $26,581,455. Amidst this, about 34 million DOGE tokens were shifted to Binance. Dogecoin Whale Alert took to Twitter and revealed 34,285,849 DOGE tokens worth $2.6 million were transferred to Binance through multiple wallets. 🪙 34,285,849 $DOGE ($2,605,485 USD) was transferred from multiple wallets to a #Binance wallet. Fee: 4.54 ($0.34 USD) Tx: https://t.co/MjvFrmWB1r# Dogecoin WhaleAlert #WhaleAlert # Dogecoin #CryptoNews — Ðogecoin Whale Alert (@DogeWhaleAlert) March 29, 2023 This was quite surprising considering the number of outflows that Binance was experiencing throughout the week. The Commodity Futures Trading Commission [CFTC] slapped the world’s largest crypto currency exchange with a lawsuit earlier this week. Following this, Binance recorded outflows wo...

VeChain is trading at $0.023, up nearly 3% in the last 24 hours. The altcoin doubled in price from January to early March going from a low of $0.015 to a high of $0.032. VET retraced in price in March after a bearish period in February dropped its value to the $0.020 mark. The cryptocurrency is briefly recovering but it hasn’t emulated its bullish performance from 2022. Also Read: VeChain: VET Price Prediction for April 2023 VeChain: Will VET Reach $0.01 In April? Source: Currency.com / Shutterstock The VeChain Foundation is collaborating with various global firms to solve real-life problems using blockchain technology. CEO Sunny Lu recently unveiled disruptive solutions to transform Hong Kong’s treasury as the region considers tapping into blockchain tech. You can read more details about it here. Now that VeChain is in an expansion mode with partnerships with government authorities, the token is placing itself in a position of strength before the next bull run. Howev...

Ron Hammond, the director of government relations for the Blockchain Association, recently shared a Twitter thread about the recent challenges faced by the crypto industry in March. In the thread, Hammond criticized the US government’s treatment of crypto companies, specifically Coinbase SEC’s Wells notice and Binance CFTC’s enforcement action. 1) This week in Congress and crypto: March has been another brutal month for the crypto industry. The one action that has undoubtedly galvanized the industry in DC is the Coinbase wells notice. This is seen as an outright attack on crypto in America and many aren't happy… — Ron Hammond (@RonwHammond) March 28, 2023 In his thread, Hammond compared the US congress’s treatment of Coinbase and Binance. He argued that “Coinbase has done everything to engage with policymakers and offer solutions to compliance” issues than Binance, which has a “shady track record in compliance and with little engagement in DC.” Yet, r...

Future growth in blockchain gaming, NFTs and the need for more decentralized storage could eventually benefit FIL and AR price. With the rise of Ordinals on Bitcoin (BTC) sparking debate over how users should store their NFTs and blockchain gaming projects searching for cheaper, secure ways to store data, it’s time to revisit the discussion surrounding decentralized storage coins. Decentralized storage protocols Filecoin (FIL) and Arweave (AR) show similar price action, leaving investors with a decision between the underdog showing signs of increased adoption by NFT users and blockchain gaming projects and the clear leader in market cap and adoption. The total market capitalization of the entire digital storage cryptocurrency landscape today is $4.87 billion, according to data from CoinMarketCap, and each protocol provides something different. The two largest projects in the space by market cap that specifically addresses storage needs for NFTs and blockchain gaming are Filecoin and ...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto industry is growing rapidly, with new digital assets being released regularly and ongoing advancements in established ones. It might be difficult to know which cryptocurrencies are the best to invest in, whether you’re just starting out in the market or looking to diversify your holdings. coins to Buy and HODL (INSANE POTENTIAL) 🔥" width="640" height="360" src="https://www.youtube.com/embed/PsHdyoYBoho?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen> The projects listed below provide a variety of brand-new cryptocurrencies that may be purchased during a presale in addition to ones that are already well-established. C+Charge (CCHG) Using its charging station search engine, C+Charge, a blockchain payment platform for ele...

According to CoinShares, crypto investment products experienced weekly inflows of $160 million, the largest since July 2022. On March 27, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital assets continue to attract investors' attention as concerns over the stability of traditional finance (TradFi) continues to grow.  According to the latest report, investment products in digital asset s experienced in flows of $160 million last week, the largest since July 2022, marking a significant reversal after six weeks of out flows totaling $408 million. The report also noted that “while the in flows came relatively late compared to the broader crypto market,” investors are increasingly concerned about the stability of the traditional finance sector. Investments came from various countries, including the United States, Germany, and Canada, with inflows of $69 million, $58 million, and $26 million, respectivel...

The number of irretrievably lost bitcoins has now reached 6 million, which leaves 13.3 million as coins that remain in circulation, Timothy Peterson of Cane Island Alternative Advisors has said. Peterson added that out of the 1.7 million bitcoins that will be mined in the next 100 years or more, one million coins will be lost in the same period. One Million Lost Bitcoins According to Timothy Peterson, an author and manager of Cane Island Alternative Advisors, the number of irretrievably lost bitcoins has now reached 6 million. In his latest tweet on the subject, Peterson asserts that from the estimated 19.3 million bitcoins that had been mined by March 25, 2023, only 13.3 million remain in circulation which is “probably all you will have access to in your lifetime.” I estimate that, as of this week, 6 million of the 19.3 million #bitcoin mined have been irretrievably lost. (See related research at https://t.co/ULso76SXjD ) This means 13.3 million remain with only 1.7 m...

Join Our Telegram channel to stay up to date on breaking news coverage The Band Protocol price prediction shows that BAND is attempting to cross above the resistance level of $2.0. Band Protocol Market Price Statistic: BAND/USD price now: $1.80 BAND/USD market cap: $223.2 million BAND/USD circulating supply: 123.9 million BAND/USD total supply: 132.7 million BAND/USD coinmarketcap ranking: #144 BAND/USD Market Key Levels: Resistance levels: $2.30, $2.50, $2.70 Support levels: $1.40, $1.20, $1.00 BANDUSD – Daily Chart BAND/USD peaks at $1.85 today, after which the coin begins to consolidate within the channel. Meanwhile, the price not staying above $1.85 may ruin the long-term technical picture of the coin. However, the Band Protocol will have to stay above the 9-day moving average in other to guide against the downward pressure while the closest support expects the coin at $1.70, which could be a daily low. Band Protocol Price Prediction: BAND/USD Likely to H...

One wallet received $2 million in ARB while another collected around $1.38 million worth of tokens. As the hype surrounding the Arbitrum (ARB) airdrop continues, on-chain activity shows that airdrop hunters consolidated tokens worth around $3.3 million collectively from 1,496 wallet s into two wallet s. According to the blockchain analysis platform Lookonchain, one wallet received 1.4 million ARB from 866 addresses. The account then added all the ARB received to the decentralized exchange Uniswap to provide liquidity. The 1.4 million ARB tokens are worth around $2 million at the time of writing. On the other hand, another wallet received 933,375 ARB, which is worth around $1.38 million, from 630 addresses. We found 2 super airdrop hunters of $ARB. 0xe1e2 received 1.4M $ARB($1.92M) via 866 addresses and added all 1.4M $ARB to #Uniswap to provide liquidity.https://t.co/sncsZTHrP2 0xbd4e received 933,375 $ARB($1.28M) via 630 addresses .https://t.co/p5vbqXMYxD pic.twitter.com/yK3Lzbe...

The week began on a bullish note and digital assets from the crypto market went on to flash green numbers. In fact, a host of top altcoins were trading in green yesterday, bringing to light the capital shuffling. In fact, whales from the ecosystem have also sprung into action. A recent tweet from WhaleStats revealed that Shiba Inu flipped Chainlink on Thursday, March 23, to become the “most traded” token among the top 100 Ethereum whales. JUST IN: $SHIB @Shibtoken flipped $ LINK for MOST TRADED token among top 100 # ETH WHALES Check the top 100 WHALES here: https://t.co/N5qqsCBeXR (and hodl $BBW to see data for the top 5000!)#SHIB # LINK # WHALES tats #babywhale #BBW pic.twitter.com/8o1xBObsEt — WhaleStats (tracking crypto whales) (@WhaleStats) March 23, 2023 Also Read:  Shiba Inu: Who Has ‘Burned’ the Highest Number of SHIB Tokens? In fact, even when the horizon is widened to the top 2000 whales, Shiba Inu continues to be on the hot seat. At press time, the set of...

Join Our Telegram channel to stay up to date on breaking news coverage After experiencing a disastrous collapse in May of last year, the crypto project Terra Luna is now attempting to regain its former glory and showing signs of recovery. At the time of writing, Terra (LUNA) is trading at $1.46 with a 24-hour trading volume of $42,810,201. The price has increased by 2.93% in the last 24 hours while experiencing a slight decrease of -0.35% in the past 7 days.  LUNA price chart. Source: Coingecko.com Terra (LUNA) has experienced a slight price decline, dropping by -0.40% in the past 7 days. In comparison, the global cryptocurrency market has seen an increase of 10.70%, indicating that LUNA is currently underperforming. Currently, Terra has a market capitalization of $346,528,598. This market cap is calculated by multiplying the token price by the circulating supply of LUNA, which currently stands at 240 million tokens available for trading on the market. Terra Luna Crypto...