BTC and ETH reversed course as both assets search for underlying support, suggesting that bears are attempting to trap over-leveraged bulls.
Ethereum launched in summer 2015 with the aim of expanding the use cases of blockchain and cryptocurrency to encompass all manner of decentralized applications beyond Bitcoin’s initial scope, from permissionless financial services and crowdfunding to new organizational structures.
Ethereum was envisioned as a “global computer” that would allow developers to publish and execute apps powered by smart contracts — programmable scripts that facilitate the flow of digital assets.
Ethereum’s native cryptocurrency, Ether (ETH), not only provides an incentive structure similar to Bitcoin (BTC) in securing and maintaining the network but is also used as “gas” to run transactions through smart contracts. This functions as a security measure to protect the network from inefficient code and attacks by malicious actors.
At Cointelegraph, we are chronicling the progress of the Ethereum space. Will it become essential infrastructure for a more open, freer internet? Or will it be surpassed by other smart contract (or traditional) platforms vying for mind and market share?
Crypto markets take a turn for the worse after hitting record highs earlier in the week, with Bitcoin down 6% near the $60,000 level.18755
A copycat move from ETH leaves investors noticeably disappointed and puts the brakes on the “up only” trend of the past week.34084
ETH price failed to overcome its previous all-time high, but derivatives data signals that bulls will try their best to keep the price above $4,000 for the short-term.16361
“The Market Report” with Cointelegraph is live right now with special guest Big Cheds, a professional trader and one of the founding analysts of Bitcoin Live.3610
Bitcoin markets are getting slowly cleansed of irrational exuberance with a classic drawdown toward $60,000.10949
Backed by a16z and co-founded by Sam Altman, Worldcoin will give free crypto in exchange for an eye scan.19218
Bitcoin’s breakout to $67,000 also sent the total crypto market capitalization to a new all-time high and is a signal that altcoins could soon embark on a new uptrend.32935
The 30-day correlation between Ether and Bitcoin remains at 0.81 above zero.18285
Bullish momentum has returned to the cryptocurrency market, with Bitcoin leading the charge towards new all-time highs.7400
The platform will offer a suite of four assets on Ethereum, and a further five on Polygon.6419
With a $185 million funding round, one platform believes they can address current concerns around the safety and UX of DeFi.2805
An arbitrage bot managed to turn 14 ETH to 218.5 ETH simply by spamming the Polygon network for 120 days.24829
Altcoins are selling off ahead of this week’s Bitcoin ETF launch, perhaps a sign that traders are anxious about this historic listing.22273
The platform is seeking to lower the Ethereum gas fees that restrict many investors in the emerging nonfungible token market.9980