Category: Ethereum News

Ethereum News and Analysis from varies cryptocurrency media, we summarize all Ethereum news into a sitemap summary with link to related Ethereum News for the one who wanted to catch up Ethereum price change in timely manner.

‘Let’s Not Be Bitcoin’: Yearn Finance Considers Minting $200M in New YFI Tokens

Bitcoin may be the original cryptocurrency, but that doesn’t mean leading decentralized finance (DeFi) projects aren’t feeling self-confident enough to distinguish themselves from Satoshi’s vision.“Let’s not be Bitcoin. This idea of hard caps for start-ups is very romantic but not necessarily the best execution path for maximal value,” a participant in Yearn’s governance forums, yfi_lit, wrote on Jan. 13.Yfi_lit wrote this in defense of his now-modest proposal to...

Tether Use on Tron Passes Ethereum as Low Fees Attract Small Transactions

The number of tether transactions on the Tron blockchain have passed Ethereum’s count for three consecutive weeks as fees on the number two blockchain remain high. Total weekly tether transactions on Ethereum have held steady at around 1.5 million for the past four weeks. But on Tron, transactions per week have grown from roughly 900,000 in mid December to nearly 2 million the second week in January, per Coin...

Plug Power sinks over 7% after Kerrisdale Capital announces short position

Plug Power forklift system. Plug Power Plug Power stock dropped over 7% Wednesday after Kerrisdale Capital announced a short position on its Twitter account. Kerrisdale said Plug has "overpromised and underdelivered for decades," and argued the future "hydrogen economy" is a myth. In its tweet, the firm knocked retail traders on Reddit who have been bullish on the stock in recent months.  Sign up here for our daily...

Bitcoin has now replaced tech stocks as the most crowded trade, according to a BofA fund manager sur …

Bitcoin. KTSDESIGN/SCIENCE PHOTO LIBRARY/Getty Images A Bank of America fund manager survey reveals that a significant number of investors believe bitcoin is the most crowded investment trade. In a January survey of portfolio managers, strategists, and chief investment officers who together manage over $561 billion, 36% of investors surveyed said bitcoin is the most crowded trade. "Long tech" had previously held that title since October 2019. The survey emphasizes the...

The S&P 500 will jump another 8% — but looming risks could spark a sudden pullback, RBC says

Timothy A. Clary/AFP/Getty Images RBC Capital expects the S&P 500 to climb 8% to 4,100 through 2021 as the US economy rebounds.The benchmark will reach new records despite a brief stumble that's likely to arrive in the first half of the year, the firm's analysts said.Market leadership will continue to shift from large-caps and growth stocks to value and cyclical names, they added.Sign up here for our daily...

Short-seller Jim Chanos transitioned his Tesla short position into put options to limit his downside

Jim Chanos CNBC/Getty Famed short-seller Jim Chanos remains short Tesla, but is now utilizing options for the exposure rather than directly short-selling shares."We transformed our stock position into a put position," Jim Chanos told CNBC on Wednesday.Here's why buying put options on a stock limits your downside exposure when going short.Sign up here our daily newsletter, 10 Things Before the Opening Bell.Famed short-seller Jim Chanos of Kynikos Associates...

Crypto Lender Celsius Crosses $5 Billion in Total Assets

Celsius, a cryptocurrency lending and borrowing platform, today said it has surpassed over $5.3 billion in total cryptocurrency deposits less than three years after launching its mobile app.This announcement comes on the heels of Celsius saying it has acquired more than 125,000 new clients, totaling over 340,000 active users worldwide, and was the first crypto platform to surpass $1 billion in total assets.According to Celsius’ statement, the crypto app...

Bitcoin Sells Off on Bearish Sentiment, Yellen Worries

Bitcoin’s price slumped by around 5.6% in the past 24 hours thanks to some Asian traders taking a short-term bearish view and concerns the new Biden administration in the U.S. will seek to put a damper on cryptocurrency use.Profit-taking occurred in the spot market during Asian market hours after bitcoin failed to consolidate around the record high of $40,000 in the past week. In the derivatives markets, short...

Bitcoin sinks below $34,000 as sell-off cuts into early-January momentum

REUTERS/Stephen Lam Bitcoin sank as low as $33,412.72 on Wednesday as investors continued to take profits from the cryptocurrency's massive rally.The token reached a record of nearly $42,000 earlier this month before momentum stalled.Analysts see $34,000 as a key support level for the token, while a move above $40,000 could revive bitcoin's rally.Watch bitcoin trade live here.Bitcoin tumbled below the key $34,000 level on Wednesday as selling continued...

Forget Bitcoin, This Hot Tech Stock Is a Better Buy

Bitcoin prices have enjoyed meteoric growth over the past few months as institutional investors and big firms have poured money into the digital currency, but the volatility of the cryptocurrency market has started rearing its ugly head once again. The price of bitcoin fell to just over $34,000 on Jan. 13 after soaring to more than $40,500 on Jan. 9. Such volatility makes cryptocurrencies such as bitcoin a...

We spoke to crypto platform Gemini, which is backed by the Winklevoss twins, about Bitcoin, how to u …

Crypto's journey has only just begun, says exchange platform Gemini - founded by the Winklevoss twins. Here Gemini explains the future of Bitcoin, and the best use of the so-called 'stable coins'. Crypto regulation shouldn't be feared, Gemini UK head Blair Halliday tells Insider. Visit Business Insider's homepage for more stories. Love it or hate it, Bitcoin is having a moment. In the last 12 months alone, it's gone...

First Mover: What’s Next for Ethereum After Cryptocurrency Hits All-Time High

Bitcoin (BTC), the largest cryptocurrency, was down for a second straight day, pushing toward the lower end of the range between $34,000 and $40,000 where prices have traded for the past couple weeks. Ether (ETH), the second-biggest cryptocurrency, retreated after surging on Tuesday to a new all-time high price of $1,439. (Our Market Moves column, below, looks at the significance of this milestone. See also the latest issue of CoinDesk’s Valid Points newsletter by...
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