Monday, June 01, 2020 3:58:54 AM
Ethereum held by large investors recently reached a 10-month high. The 100 largest wallets have accumulated 21.8 million ETH (about $4.8 billion). At the same time, whales have acquired 145 thousand coins over the past two days, according to the analytical service Santiment. Against this background, Ethereum price reached a 2-month high at around $224. Over the past day, cryptocurrency has risen in price by 5.77%. In addition, the number of ETH long positions on Bitfinex hit a new all-time high: since the beginning of the year, the indicator has grown by 246%, updating the historic maximum at 1.76 million ETH.
Gavin Andresen: crypto trading is all speculation
Gavin Andresen, Chief research officer at Bitcoin Foundation, expressed the opinion that traders speculate at the price of digital currencies, not paying attention to the essence of the underlying technologies. He compared the graphs of the IOTA and ZCash rates over the past year and noted that he does not see significant differences between them. At the same time, from February 12 to March 10, no transactions were made on the IOTA network due to the suspension of the wallet that was attacked. Andresen said that he could not determine from the price chart which of the projects was experiencing problems. “Probably nobody is thinking, and it is all day traders and bots,” the scientist concluded.
Recent EOSUSD News
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- SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud • Cointelegraph • 04/26/2024 05:49:09 AM
- Raise a Glass to ENO: ENO’s New Era of Wine, NFTs, and Social Connectivity • NEWSBTC • 04/25/2024 06:08:36 PM
- Healix Protocol’s HLX Token Presale Soars as Former Crypto Giants Return • ZyCrypto • 04/09/2024 02:39:13 PM
- History of Crypto: The ICO Boom and Ethereum's Evolution • Cointelegraph • 04/02/2024 04:05:00 PM
- Apple co-founder wins major verdict against YouTube in Bitcoin scam lawsuit • Cointelegraph • 03/20/2024 10:28:49 AM
- Bitcoin Mining Firm CEO Predicts Start Of ‘Supercycle’, What It Means • NEWSBTC • 03/05/2024 05:00:37 PM
- Two AI-Related Crypto Assets Rally As OpenAI Launches Text-to-Video Artificial Intelligence Model • The Daily Hodl • 02/18/2024 01:00:35 AM
- Ordinals Could Create Completely Different Bitcoin Ecosystem, Says Binance Research – Here’s Why • The Daily Hodl • 02/11/2024 09:00:12 PM
- Prosecutors call for hearing over lawyers representing Sam Bankman-Fried and Alex Mashinsky • Cointelegraph • 02/07/2024 04:29:30 PM
- How To Create And Mint Your Own NFTs On The Ethereum Network • NEWSBTC • 02/04/2024 09:00:37 AM
- Algorand Foundation CEO’s X Account Compromised As Spree of Crypto Social Media Hacks Continue • The Daily Hodl • 01/27/2024 09:00:09 PM
- Google releases AI realistic text-to-video generator 'Lumiere' • Cointelegraph • 01/25/2024 02:00:00 PM
- Crypto Analyst Predicts Potential Trend For Bitcoin As Price Slips • NEWSBTC • 01/19/2024 05:00:07 PM
- Bitcoin Bearish Forecast: Analyst Signals Continued Downfall • NEWSBTC • 01/16/2024 11:30:14 AM
- Crypto Research Firm Says ‘Sell All Your Cardano (ADA)’, Here’s Why • NEWSBTC • 01/16/2024 08:30:50 AM
- 1 in 4 CEOs expect to sack staff due to AI this year — PwC survey • Cointelegraph • 01/16/2024 06:23:07 AM
- Michael Saylor has been removing 80 deep fake videos of himself daily • Cointelegraph • 01/15/2024 06:07:54 AM
- Web3 Projects Lose $2,020,000,000 in 2023 to Hacks, Rug Pulls and Phishing Attacks: Crypto Security Firm • The Daily Hodl • 12/30/2023 09:00:39 PM
- Crypto Analyst Predicts Major Price Shift For Cardano (ADA) • NEWSBTC • 12/28/2023 03:30:10 PM
- A Crypto Christmas Special With Jlabs Digital: Past, Present, And Future • NEWSBTC • 12/25/2023 06:01:05 PM
- Crypto's impact is 'tiny': Decentralize with Cointelegraph explores Web Summit 2023 • Cointelegraph • 12/19/2023 01:49:16 PM
- Analyst Thinks DOT Will Reclaim Former Glory With Polkadot 2.0 • NEWSBTC • 11/28/2023 07:00:08 PM
- AVAX Price Boost Could Be From This Department, But Its TVL Sings A Different Tune • NEWSBTC • 11/14/2023 12:44:58 PM
- Radiant Capital’s Earnings Exploding, Time To Load The RDNT Bag? • NEWSBTC • 11/09/2023 01:00:15 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM