Search results for eth

  • Why Bitcoin Cash And Ethereum Classic Were Obliterated In June

    It's no secret several popular altcoins, including Bitcoin Cash (CRYPTO: BCH) and Ethereum Classic (CRYPTO: ETC), have experienced marked weakness throughout the month of June. Crypto has traded lower in June in tandem with major U.S. indices, which are also experiencing weakness after the Federal Reserve in June raised its target fed funds rate by 75 basis points to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years. The tightening isn't over yet as Fed Chair Jerome Powell said earlier this month another 0.75% rate hike is on the table for the next Fed meeting in July... Read More Cryptocurrencies have also been seen by some investors as a speculative hedge against inflation and the Fed's plans to curb inflation could weigh on the broader cryptocurrency sector. The Federal Reserve in June also released new “dot plot” economic forecasts. All 18 members are now projecting interest rates will reach 3% by the end of 2022. Five members now see interest rates topping 4% in 2023. According to data from Benzinga Pro, over the past month:  Bitcoin Cash is lower by 48.98% to $99.86 Ethereum Classic is lower by 41.65% to $14.52     © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Facebook Begins Testing Ethereum and Polygon NFTs on Profiles

    If deployed widely, users will be able to connect their cryptocurrency wallets to their Facebook profiles.

  • RT zioaxie: New in-game mechanics & effects! 🛠️⚡️ Let's understand everything about @AxieInfinity Origin! -Return: 1 energy per card 👀 -Revenge cards: Max. reduced from 6 to 4 -Unstable: Overridable by Banish -Degrade: Overridable by Ethereal Full article here 👇 [docs.google.com] [twitter.com] [pbs.twimg.com]

    RT zioaxie: New in-game mechanics & effects! 🛠️⚡️ Let's understand everything about @AxieInfinity Origin! -Return: 1 energy per card 👀 -Revenge cards: Max. reduced from 6 to 4 -Unstable: Overridable by Banish -Degrade: Overridable by Ethereal Full article here 👇 https://docs.google.com/spreadsheets/d/14Xfq2bvrmanEe_V3GzZdwx8Ec83ShsyApF4Yg61q4UA/edit#gid=0 https://twitter.com/zioaxie/status/1542616869915574272/photo/1 https://pbs.twimg.com/media/FWh4vJBXEAAzspG.jpg:large

  • Here's The Bull, Bear Case For Ethereum As It Approaches Important $1,000 Level

    Ethereum (CRYPTO: ETH) was sliding more than 7% lower on Thursday, trading dangerously close to the important $1,000 psychological level, which the crypto tested as support on June 18 and June 19 but bounced. The more times a stock or crypto tests an area of either support or resistance, the weaker the area becomes, which could be bad news for bullish investors. The decline on Thursday also negated Ethereum’s uptrend, suggesting the crypto may begin a new downtrend. A downtrend occurs when a stock consistently makes a series of lower lows and lower highs on the chart. The lower lows indicate the bears are in control while the intermittent lower highs indicate consolidation periods. Traders can use moving averages to help identify a downtrend with descending lower timeframe moving averages (such as the eight-day or 21-day exponential moving averages) indicating the stock is in a steep shorter-term downtrend. Descending longer-term moving averages (such as the 200-day simple moving average) indicate a long-term downtrend. A stock often signals when the lower low is in by printing a reversal candlestick such as a doji, bullish engulfing or hammer candlestick. Likewise, the lower high could be signaled when a doji, gravestone or dragonfly candlestick is printed. Moreover, the lower lows and lower highs often take place at resistance and support levels. In a downtrend the "trend is your friend" until it’s not and in a downtrend, there are ways for both bullish and bearish traders to participate in the stock: Bearish traders who are already holding a position in a stock can feel confident the downtrend will continue unless the stock makes a higher high. Traders looking to take a position in a stock trading in a downtrend can usually find the safest entry on the lower high. Bullish traders can enter the trade on the lower low and exit on the lower high. These traders can also enter when the downtrend breaks and the stock makes a higher high, indicating a reversal into an uptrend may be in the cards. Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial. The Ethereum Chart: When Ethereum fell below the June 22 and June 23 higher low near the $1,042 mark, the crypto negated the uptrend it had started trading in on June 19. If a downtrend is about to occur, it will be confirmed once Ethereum rebounds upwards to print a lower high under $1,280. Bearish traders who aren’t already in a position can watch for a reversal candlestick to print under that level in order to take a short position. Bullish traders will want to see Ethereum bounce up again from near the $1,000 level, which could create a bullish triple bottom pattern if the area holds as support. The plunge on Thursday was taking place on higher-than-average volume, which favors the bears because it indicates a degree of fear selling and short interest. At press time, Ethereum’s volume was measuring in at about 272,000 on Coinbase compared to the 10-day average of 234,418. If Ethereum closes the 24-hour trading day near its low-of-day price, the crypto will print a bearish Marubozu candlestick, which could indicate lower prices will come again during Friday’s session. The second most likely scenario is that Ethereum forms an inside bar to consolidate, which would lean bearish for Saturday’s 24-hour session. Ethereum has resistance above at $1,081 and $1,245 and support below at $1,000 and $905. See Also: Do You Believe Bitcoin Is Going Above $30K, Ethereum Above $2K And Dogecoin Above 15 Cents By September? Photo: Raggedstone via Shutterstock © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • New Ethereum token standard paves way for rentable NFTs

    ERC-4907 permits an individual to borrow an NFT for personal use without having to purchase it from the owner. The post New Ethereum token standard paves way for rentable NFTs appeared first on The Block.

  • RT ChuckFresco: Just cracked the top 100 in @AxieInfinity Origin with really basic runes and simple team! Will be streaming tonight (7PM PST) and hopefully be figuring out what the best method to craft runes and charms. Follow me: [twitch.tv] [twitter.com] [twitter.com] [pbs.twimg.com]

    RT ChuckFresco: Just cracked the top 100 in @AxieInfinity Origin with really basic runes and simple team! Will be streaming tonight (7PM PST) and hopefully be figuring out what the best method to craft runes and charms. Follow me: https://twitch.tv/chuckfresco https://twitter.com/ChuckFresco/status/1542579337752215553 https://twitter.com/ChuckFresco/status/1542587687525224449/photo/1 https://pbs.twimg.com/media/FWhezlhUUAE5ETR.jpg:large Open embed | Open in VLC | Download video

  • This Bored Ape NFT Just Sold For $116,366 in ETH

    The Bored Ape Yacht Club (BAYC) is an exclusive community for holders of the ape and mutant themed NFT collections on Ethereum's blockchain. Commonly referred to as the Bored Apes, only 10,000 generative art pieces will ever be in existence. What happened: Bored Ape #4710 just sold for 106.00 ETH (CRYPTO: ETH) ($116,366 USD). The value of Bored Apes is typically determined by the Ape's attributes, with the laser eyes, crown, and golden fur traits being the most coveted. Here are a list of its attributes and how many others have the same trait: Mouth: Bored (919) Background: Aquamarine (505) Earring: Gold Stud (191) Fur: Noise (69) Clothes: Sleeveless T (106) Hat: Prussian Helmet (52) Eyes: Robot (143) Why it Matters: Bored Apes are the ultimate store of culture for NFT collectors. The NFT collection has gained huge influence in 2021, with an ever growing list of top tier celebrities making apes their profile pictures on Twitter. With the recent explosion in popularity surrounding the Metaverse, rare blockchain-based avatars are all the rage for those looking to flex online. Being a member of the Bored Ape Yacht Club is not just about flexing online. Yuga Labs, the creators of the Bored Apes throw exclusive parties often with free private performances from members of the club such as Lil Baby. Other notable celebrities in the club include Post Malone, Stephen Curry, Dez Bryant, and Jimmy Kimmel. Yuga Labs also created another NFT collection known as the Mutant Apes, which also provides membership to the elusive club. There are a total of 20,000 Mutant Apes, and the price floor is historically lower than the Bored Apes. See Also: NFT Release Calendar and Best NFT Projects of 2021 Data provided by OpenSea. Checkout the full Bored Ape Yacht Club collection You can learn more about this NFT here. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Here's Why This Rare Bored Ape NFT Just Sold For $118,562 In ETH

    The Bored Ape Yacht Club (BAYC) is an exclusive community for holders of the ape and mutant themed NFT collections on Ethereum's blockchain. Commonly referred to as the Bored Apes, only 10,000 generative art pieces will ever be in existence. What happened: Bored Ape #6014 just sold for 108.00 ETH (CRYPTO: ETH) ($118,562 USD). The value of Bored Apes is typically determined by the Ape's attributes, with the laser eyes, crown, and golden fur traits being the most coveted. Here are a list of its attributes and how many others have the same trait: Eyes: Bored (690) Background: Purple (540) Mouth: Bored Cigarette (292) Clothes: Tweed Suit (58) Fur: Red (153) Why it Matters: Bored Apes are the ultimate store of culture for NFT collectors. The NFT collection has gained huge influence in 2021, with an ever growing list of top tier celebrities making apes their profile pictures on Twitter. With the recent explosion in popularity surrounding the Metaverse, rare blockchain-based avatars are all the rage for those looking to flex online. Being a member of the Bored Ape Yacht Club is not just about flexing online. Yuga Labs, the creators of the Bored Apes throw exclusive parties often with free private performances from members of the club such as Lil Baby. Other notable celebrities in the club include Post Malone, Stephen Curry, Dez Bryant, and Jimmy Kimmel. Yuga Labs also created another NFT collection known as the Mutant Apes, which also provides membership to the elusive club. There are a total of 20,000 Mutant Apes, and the price floor is historically lower than the Bored Apes. See Also: NFT Release Calendar and Best NFT Projects of 2021 Data provided by OpenSea. Checkout the full Bored Ape Yacht Club collection You can learn more about this NFT here. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • This CryptoPunk NFT Just Sold For $94,410 in ETH

    CryptoPunks are a generative art collection, and one of the first ever applications of NFTs for digital art. There are only 10,000 Punks in existence, and some of them are thought to be lost forever. What happened: CryptoPunk #3264 just sold for 86.00 ETH (CRYPTO: ETH) ($94,410 USD). The value of CryptoPunks is typically determined by Punk's attributes, with the hoodie, beanie, and pilot helmet traits being the most coveted. Other species of Punks (Zombies, Apes and Aliens) are incredibly rare and also sell for a premium. Here are a list of its attributes and how many other Punks have the same trait: Type: Female (3,840) Accessory: Cap (351) Accessory: Earring (2,459) Accessory: Big Shades (535) Accessory: 3 Attributes (4,090) Why it Matters: Cryptopunks are the ultimate rookie card for NFT collectors. CryptoPunks have earned huge influence in 2021, with dozens of Celebrities proudly showing off their punk ownership on Twitter. Cryptopunk sales are a leading indicator for the rest of the NFT market, and go to show that some are willing to spend serious coin on blockchain based art. Price Action: Ethereum is currently trading at $1,038.31, down 5.63% over the past 24 hours. See Also: NFT Release Calendar and Best NFT Projects of 2021 Data provided by OpenSea. Checkout the full cryptopunk collection You can learn more about this NFT here. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • CryptoPunk NFT Sold For 105 ETH

    CryptoPunks are a generative art collection, and one of the first ever applications of NFTs for digital art. There are only 10,000 Punks in existence, and some of them are thought to be lost forever. What happened: CryptoPunk #141 just sold for 105.00 ETH (CRYPTO: ETH) ($115,269 USD). The value of CryptoPunks is typically determined by Punk's attributes, with the hoodie, beanie, and pilot helmet traits being the most coveted. Other species of Punks (Zombies, Apes and Aliens) are incredibly rare and also sell for a premium. Here are a list of its attributes and how many other Punks have the same trait: Type: Male (6,039) Accessory: Chinstrap (282) Accessory: Headband (406) Accessory: 3D Glasses (286) Accessory: 3 Attributes (4,090) Why it Matters: Cryptopunks are the ultimate rookie card for NFT collectors. CryptoPunks have earned huge influence in 2021, with dozens of Celebrities proudly showing off their punk ownership on Twitter. Cryptopunk sales are a leading indicator for the rest of the NFT market, and go to show that some are willing to spend serious coin on blockchain based art. Price Action: Ethereum is currently trading at $1,038.31, down 5.63% over the past 24 hours. See Also: NFT Release Calendar and Best NFT Projects of 2021 Data provided by OpenSea. Checkout the full cryptopunk collection You can learn more about this NFT here. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Ethereum Network Successfully Completes Gray Glacier Hard Fork Update

    Only 65 percent of node operators and miners were completely prepared for the update. The update requires node operators and