When it was first discovered that FTX might be insolvent a large slew of crypto exchange executives said that they aimed to provide proofofreserves audits. While exchanges like Binance and Crypto.com have provided wallet addresses tied to company wallets blockchain analytics firm Nansen has detailed the company is in the midst of creating a display of crypto exchange proofofreserves.ProofofReserve

On Nov. 9 2022 a day after the news broke regarding Binance planning to purchase the exchange FTX the crypto economy dropped 11.17 in 24 hours. The crypto economy has slid under 900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of people and FTXs financial troubles caused a number of executives from well known crypto trading platforms to discu

On Nov. 9 2022 a day after the news broke regarding Binance planning to purchase the exchange FTX the crypto economy dropped 11.17 in 24 hours. The crypto economy has slid under 900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of people and FTXs financial troubles caused a number of executives from well known crypto trading platforms to discu

The 2022 high for Ethereum denominated in Bitcoin was 0.084BTC just before The Merge and a recent rally has investors considering if Ethereum could regain its premerge high.Ethereum made strong gains against Bitcoin ahead of The Merge on Sept. 15. However the secondlargest cryptocurrency by market cap failed to reach the alltime high set back in 2017.Ethereum reached 0.12BTC around June 2017 and 0

Ethereum experienced a considerable increase in the final days of October resulting in a green monthly candle. To continue this growth the cryptocurrency must retain 1500 as support.Technical AnalysisBy GrizzlyThe Daily ChartAfter 40 days the price of ETH officially surpassed 1500 towards the end of October. Since then the cryptocurrency has slowed down after hitting the resistance zone of 1650170

The formation of a bullish trading pattern suggests that the ETHBTC pair could be on the verge of a trend reversal.

The post Raoul Pal Bullish on Ethereum ETH price Might Soon Ignite Massive Run appeared first on Coinpedia Fintech NewsThe crypto markets have once again taken a turn for the worse. Bitcoin Ethereum Solana Cardano Binance and others have fallen in value. Dogecoin which soared by 105 when Elon Musk bought Twitter is trading down too after an 8 fall. Ethereum fell over 1 to 1589. The crypto market v

Over the course of the last month Ethereum has adopted a sinusoidal pattern. Sellers defended the 1400 while buyers were protecting 1200 strongly. After reaching a peak at 2030 on August 23 the overall structure remains negative.Technical AnalysisBy GrizzlyThe Daily ChartThe price is moving in a narrow range on the daily chart against the US dollar resulting in minimal change in the overall trend.

After a lengthy period of defending the 1200 Ethereum momentarily fell below this level followed by a quick recovery to 1343. This price action highlights the significance of demand below the 1200 support level.Technical AnalysisBy GrizzlyThe Daily ChartAt the time of writing the market has recovered from the volatility caused by the recently announced CPI numbers for September. Ethereum has retur