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Ethereum (ETH) Sees Recovery After Biggest Selloff In History

Ethereum (ETH) is back in the green after its biggest sell-off in history. The volume profile for ETH/USD shows a big red spike that drove a lot of bag holders to panic sell. The sell-off was fueled by a break of market structure earlier which shattered investors’ confidence. Of course, those who have been around for a little longer knew that this has happened before. However, most ‘analysts’ on Youtube and other social media forums made a very big deal out of this break of market structure. Considering that we have a lot of first-time investors in the space, it...

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How Ethereum's Beacon Chain Works

In 2014, Vitalik Buterin and the other co-founders launched Ethereum, the now third biggest cryptocurrency in the world. The problem of scalability has always been part of the conversation, with Ethereum developers all agreeing that a period of theoretical problem-solving leads to the challenge of developing an “Ethereum 2.0” which solves the scaling problem and delivers on the promise of creating a vast distributed “world computer”. Currently, Ethereum still operates using a Proof of Work (PoW) mining protocol on it’s mainnet. However, Ethereum 2.0 will mainly be supported by a Proof of Stake framework where the Beacon Chain will be...

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Ethereum Finally Gaps Down To Successfully Retest Historical Support

Ethereum (ETH) has finally completed a gap down. Most retail investors often seem to not care much about such minute details but investors who are risking millions of dollars have to be careful. If we look carefully at the ETH/USD weekly chart we can see that the last green candle that attempted to retest the support left a small gap after it recovered. The average investor took this as a sign of recovery and thus was quick to enter buy positions or worse, leveraged buy positions. However, the whales or big investors had their eyes on this gap. So, when...

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Crypto Daily Ethereum Giveaway - Get Involved Now!

To celebrate reaching a landmark 1,000 subscribers on YouTube, as promised, we are launching an Ethereum giveaway during which one lucky winner will be selected to receive 1ETH for taking part in our competition! How to get involved To take part in our giveaway, follow these simple steps: Visit the Crypto Daily Official YouTube Channel Comment on any new video uploaded on our channel between the 15th of November 2018 and the 30th of November 2018. Don’t leave ‘spammy’ comments, engage in the videos and let us know what you think! Make sure you subscribe to our channel! After the...

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Why Mining Ethereum Is No Longer Worth It

Mining the cryptocurrency Ethereum is done by using a high powered computer system, however, it is no longer profitable thanks to the state of the markets and of course, rising energy costs. A recent report published by CNBC claims that mining cryptocurrency is soon to be a thing of the past as the activity is no longer a profitable one. Crypto fanatics from all over the globe will remember a time last year when crypto’s bull run saw all the currencies reach their high with Bitcoin touching $20,000 and it garnered a lot of mainstream attention from several big news...

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