Ethereum

Opera’s Ethereum Browser Goes Live To Testers

No, Oprah Winfrey hasn’t launched an Ethereum browser, we are talking about Opera, the popular alternative web browser, who’s subsidiary, Opera Labs have finally released a working version of the new Opera Ethereum browser (for testing at least). Earlier this year, Opera for Android announced that they would be integrating a working Ethereum wallet into their browser, paving way for a new drive towards exploring blockchain technology for the Opera team. This wallet was released in June and was soon followed by an announcement that suggested Opera would be releasing a new Ethereum based desktop browser too. As a part of the announcement, Krystian Kolondra, the EVP of Browsers at Opera said: “After making crypto payments smooth and easy on mobile, we wanted the find the perfect solution for ...

Has Ethereum (ETH) Finally Lost Its Charm?

Chart for ETH/BTC (1W) Ethereum (ETH) might have finally lost its charm as we have seen it losing the war on multiple fronts. On one front, it has lost to Ethereum Classic (ETC), on another front cryptocurrencies like Cardano (ADA) and EOS (EOS) are threatening its dominance. Ethereum (ETH) has had enormous success when you consider the thousands of ICOs that have successfully been hosted on the Ethereum blockchain. It was also one of the most profitable coins to hold in 2017 as even investors who were late to the cryptocurrency rush could have profited more than 100x buying just last year. Ethereum (ETH) did manage to reach an all time high above $1500 but recently we have seen a fading interest in the cryptocurrency. This has to do with Ethereum (ETH)’s fundamentals more than the technic...

Which Of These Ethereum Killers Will Take The Top Spot?

We’re not suggesting that Ethereum will be crushed by it’s rivals, however it is worth thinking about. In a market that allows it, it’s not unrealistic to imagine Ethereum being knocked off it’s podium by one of it’s many competitors. This isn’t a bad thing of course, competition is healthy after all. The reason Ethereum is ranked second for market capitalisation is simple, the Ethereum project is huge, it’s super successful and it’s often considered to be Blockchain 2.0, marking an era of improving technologies. In order to appreciate the full scale of Ethereum, we need to explore just how many pies it has it’s fingers in… if Ethereum had fingers of course. According to ConsenSys: “Of the top 100 tokens by market cap, 94 percent are built on top of Ethereum. Of the top 800 tokens, 87 perc...

Are Swiss Banks Soon Going To Be Allowed To Trade Ethereum, In Israel?

Switzerland is one of Europe’s most pro-crypto countries. Home of Zug, affectionately known as Crypto Valley, Switzerland are spearheading numerous moves to cryptocurrency adoption, and are also fostering a very healthy mining industry too. As Switzerland have their own FIAT currency already, it is likely that the country will be one of the first to adopt cryptocurrency nationwide, something that could in turn spur on the rest of Europe to do the same thing. All eyes are on Switzerland, and there’s good reason for it too. In a new move however, it seems that Swiss banks may be about to start trading Ethereum and other cryptocurrencies in Israel, according to a new report that discusses a recent visit to Israel by Swiss Minister for Finance Ueli Maurer and State Secretary for International ...

Ethereum (ETH)’s Fate Hinges On 0.786 Fibonacci Support

Chart for ETH/USD (4H) Ethereum (ETH) has been in the eye of the hurricane for the last few weeks. The price has taken wild swings to both sides. The 4H chart above for ETH/USD shows that the price has to take a definitive stand now. Ethereum (ETH) has currently found support at the 0.786 Fibonacci retracement level which is a very critical level for the future price action of Ethereum (ETH). If Ethereum (ETH) breaks below this level, it will be a sign of extreme weakness and the price can then be expected to break the long term descending channel and fall even lower. This might coincide with a similar break of market structure in Bitcoin (BTC). However, if that were to happen, it would be completely out of the ordinary and Ethereum (ETH) will then have to enter another bear market. It can...

Could Bitcoin Really Lose A Chunk Of Its Market Share To Ethereum?

You might look at the markets today and wonder how any other cryptocurrency will ever knock Bitcoin off the top spot. With a market dominance of well over 50% now, Bitcoin has a strong grip on the markets, a grip that only seems to be getting tighter. Even so though, many do believe that the technology behind Ethereum will one day be enough to knock Bitcoin off the top spot, one expert even claims that Ethereum could in turn turf off up to 50% of Bitcoins market share. The same expert believes this could happen in as little as five years too. According to Business Cloud, tech expert Ian Mcloed has spoken out about Ethereum’s prowess and potential to gain a significant chunk of Bitcoins market share. Mcloed is alleged to have said (in reference to the recent Ethereum downturn): “Turbu...

What Happens If Ethereum (ETH) Fails To Break $300 Resistance?

Ethereum (ETH) is in a strong descending channel since the beginning of the current market correction. The 4H chart above for ETH/USD shows us exactly how Ethereum (ETH) has found support at the bottom of the descending channel in the past and then rallied from there. It also shows us what happened at each point where Ethereum (ETH) failed to break the downtrend resistance of the descending channel. Ethereum (ETH) first ran into the downtrend resistance during the beginning of the correction. It lacked the strength to break the descending channel and was rejected towards the bottom of the channel. It found support in April and then went on to test the top of the descending channel again in May. It kept testing the downtrend resistance at multiple points in May but was eventually rejected. ...

US Regulatory Authority Approves BitGo For Custodian – BTC, ETH & XRP For Recovery

US regulatory authority approves BitGo for the status of a custodian for crypto and the market is booming during positive news. The digital currency security startup BitGo has been granted approval of a custodian for crypto and other virtual assets after the company put in a request for permission to act as a digital asset custodian. The company will bring its clients the offer for a regulated custody solution made with their crypto investments specifically in mind. Bitcoin currently offers an online hot wallet solution which can be installed and used for digital asset storage to be secured. Despite this, BitGo has a custodial solution which combines hot and cold wallets thought it hasn’t been regulated. The chief compliance and legal officer Shahla Ali at BitGo explained: “The trust compa...

Ethereum (ETH) Defends $200 Resistance Turned Support, Price Likely To Surge Higher

Ethereum (ETH) rallied like a raging bull to the surprise of many yesterday. This from a cryptocurrency that had seen red days one after another and exhibited extreme weakness was completely out of the blue. The price seems to have bottomed out around $172 and those waiting for $150 might have missed the train already. The chart above for ETH/USD shows that the previous resistance at $200 has now turned into a strong support. This support was tested today but it held strongly and the price bounced off it towards the 21 Day EMA. There was a lack of bullish momentum to push the price above the 21 Day EMA. Fear of further downside over the weekend encouraged some investor to take profit and the price has now formed a doji, which will most likely be followed by similar candles over the weekend...

Charles Hoskinson Talks About His Time At ETH

The co-founder of Ethereum and the founder of Cardano, Charles Hoskinson has spoken about how Ethereum came to fruition and what his role was in the project, whilst being interviewed with Mpho Dadaga. Hoskinson said that if the minds behind the crypto had predicted that Ethereum was going to be the biggest digital currency in the market, then the team would have thought things about a lot more. Hoskinson said: “So, we got Vitalik… his presentation was really swarmed. Like a rock star… he kind of had second tier speaking slot and he goes on and they only gave him 25 minutes. He says, let me introduce Ethereum.” He goes onto say: “He put this thing on the slide, shows you how you can do master coin and 20 lines of code and then 13 lines of code or something like that. And then Vitalik says, ...

Ethereum (ETH) One Step Away From Kicking Off The Altcoin Rally

It is a rare sight in the crypto community to see Ethereum (ETH) in the green after a long queue of weeks in the red. The daily chart above for ETH/USD shows that Ethereum (ETH) is just a single step away from kicking off the altcoin rally. This chart is the perfect example of how history may not repeat itself but it does rhyme. The pattern of rise before 2018 bears a striking resemblance to the one just after 2017. Similarly, the correction that followed after 2016 resembles the one that followed 2018. If history is any indication, we can presume that Ethereum (ETH) has completed its correction at this point and found a bottom. RSI for the above chart for ETH/USD presents a very similar picture. The RSI has been trading in a symmetrical pattern inside a semicircle. It has already bottomed...

Buy The Dip? Ethereum Sees Gains After 2 Week Slump

Nervous cryptocurrency investors watched Ethereum (CRYPTO: ETH) hit a 13-month low of $167 on Wednesday as part of a two-week slump that affected the whole market. ETH short-selling on exchanges such as Bitfinex reached all-time highs this week. But most digital coins saw the welcome color of green — which means price gains — in early trading Thursday morning. As of press time, ETH bounced back to $190 (nearly 7% gain, per CoinMarkteCap) suggesting that investors around the world bought the dip given the cheap 13-month-low price. As billionaire Warren Buffett said, “Buy when people are scared but be scared when people are greedy.” At $170 Ethereum was down close to 90% from its all-time high of more than $1,400 in mid-January. Thus, some fund managers are bullish on ETH at curr...