When it comes to accessing the DeFi ecosystem at large, Metamask has quickly emerged as the wallet of choice for many of today’s most active users. As one of the leading web 3 wallets in terms of overall downloads (over 1M users on the Chrome extension), MetaMask has long prided itself on providing a permissionless, non-custodial service that truly places the power into the hands of its users.
Ava Labs has announced the launch of Athereum, a protocol regarded as Ethereum on Avalanche Consensus.
Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.
Ethereum (ETH) has just run into the 50 EMA on the 1H time frame and with that it seems to have run out of room for further upside as the RSI points to a clear downtrend that ETH/USD is very unlikely to break out of at this point. The 1H chart for ETH/USD also shows how Ethereum (ETH) faced a rejection once at the 50 EMA before and declined to a trend line resistance turned support. Something similar is likely to happen this time as the RSI has faced rejection whereas the Stochastic RSI has reached overbought conditions. Meanwhile, the 21 EMA risks falling below the 200 EMA which could trigger a sharp decline. Traders need to be very careful trying to long Ethereum (ETH) at current levels thinking it has found a temporary bottom.
Cryptocurrency service providers are often a target for cybercriminals. The monetary gain associated with a successful hack or data breach should not be underestimated. Although criminals often target exchanges, they will also go after cryptocurrency brokers. Anycoin Direct was the target of such an attack, but it seems no information or funds have been stolen.
If you’ve perused Crypto Twitter at all over the past week or two, you likely would have noticed the incessant mentions of a Bitcoin price fractal. (editor’s note: a fractal, in the context of financial assets and their respective charts, is a certain historical chart formation/price action repeating on a smaller scale at a different time or for a different asset.)
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CNBC’s Fast Money trader and regular crypto commentator Brian Kelly has said Ethereum being a commodity is a “huge” win for the market and brushed off the setback on BTC exchange-traded funds (ETFs).