Ethereum vulnerable to frontrunners: Researcher – Cointelegraph

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Ethereum may be vulnerable to frontrunners according to Dan Robinson, a research partner with the crypto-asset investment firm Paradigm.

Robinson said in a blog post, the design of Ethereums mempool, or a set of unconfirmed transactions, is where the vulnerability lies. He said arbitrage bots monitor pending transactions in the Ethereum mempool and attempt to exploit profitable opportunities created by them.

Arbitrage bots typically look for specific types of transactions in the mempool (such a DEX trade or an oracle update) and try to front-run them according to a predetermined algorithm. Frontrunners look for any transaction that they could profitably forward trade by copying it and replacing addresses with their own. They can even execute the transaction and copy profitable internal transactions generated by its execution trace.

Robinson explained that he devised a plan to extract the money in cooperation with a team of smart contract engineers and another team of Ethereum security engineers. The plan was to confuse the transaction so that the bots could not detect that there was a connection to the Uniswap spouse.

But despite the efforts made, the plan did not succeed, and the money was seized by the frontrunners.

He concluded his post by stating the lessons he learned from the experience and also warning miners of a similar fate if they do not pay close attention.

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Ethereum vulnerable to frontrunners: Researcher - Cointelegraph

Ethereum whales on the rise, as Ether hits $420 – Nairametrics

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Its no longer news that crypto traders and investors are rushing into Yearn.Finance.

However, what has recently astonished most major players in the crypto industry is the fact that Yearn.finances native token YFI has gained more than 75% in the last 24-hours, achieving a new all-time high at over $38,500.

Some leading crypto experts believe this is just the beginning for yearn.finance, meaning it could reach billions of dollars in the mid-term, as analyst Tyler Reynolds suggests the possibility of a $15 billion market cap based on cash flow analysis. He said:

500k $YFI = $15B market capitalization If it traded at 50x FCF, then it would need to generate $300M for holders Its already generating $20M and that will go up as yUSD/yCRV grows. Add in other new arb opportunities & products (eg insurance) and were not far from $300M in FCF.

READ: Earning BTCs without Having To Pay Money

However, a top crypto researcher with the pseudo name, Haus advised investors and traders to be wary of the most expensive crypto coin, as it has fundamental challenges, that include poor market liquidity. He continued by saying;

$YFI may be ripping right now, but its illiquid as hell as very little of the supply is available on exchanges. Try selling even 100k and youll tank the price by 3%.

READ: Contactless payments: What buying and selling would look like post COVID-19

For comparison, the slippage on selling $100k worth $LEND (another DeFi coin with a similar market capitalization) is 0.2%

500k $YFI = $15B mcap If it traded at 50x FCF, then it would need to generate $300M for holders Its already generating $20M and that will go up as yUSD/yCRV grows Add in other new arb opportunities & products (eg insurance) and were not far from $300M in FCF.

What you must know: There are multiple protocols providing yield (returns) on the capital that you lend. These yields vary from one protocol to the next. YFI automates & optimizes lending such that you can earn maximum value on your capital without researching each protocol.

The token is used by Yearn.finance as a tool in producing returns from stablecoin deposits such as Tether.

These returns have become so attractive to investors that hundreds of millions have been transferred to the Yearn.finance protocol.

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This increase in deposits led to an increase in the value of YFI, which is representative of the value of the Yearn.finance ecosystem.

Yearn Finances advantage over Bitcoin: With a mere 30k token supply making it more scarce than even Bitcoin, $YFI is the hardest money the world has ever known.

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Ethereum whales on the rise, as Ether hits $420 - Nairametrics

EOS, Ethereum and Ripple’s XRP Daily Tech Analysis August 31st, 2020 – FX Empire

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EOS

EOS rose by 4.20% on Sunday. Following on from a 0.27% gain on Saturday, EOS ended the week down by 1.92% to $3.2598.

It was a bullish start to the day. EOS rose to an early morning high $3.2155 before hitting reverse.

EOS broke through the first major resistance level at $3.1930 before falling back to $3.15 levels.

Finding support going into the afternoon, EOS rallied to a late intraday high $3.2769.

EOS broke through the first major resistance level at $3.1930 and the second major resistance level at $3.2589.

At the time of writing, EOS was up by 0.33% to $3.2706. A mixed start to the day saw EOS fall to an early morning low $3.2522 before rising to a high $3.2741.

EOS left the major support and resistance levels untested early on.

EOS would need to avoid a fall through the $3.2205 pivot level to support a run at the first major resistance level at $3.3162.

Support from the broader market would be needed, however, for EOS to break out from Sundays high $3.2769.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the pivot level at $3.2205 would bring the first major support level at $3.1641 into play.

Barring an extended sell-off, however, EOS should avoid a return to sub-$3.10 levels. The second major support level at $3.0684 should limit any downside.

First Major Support Level: $3.1641

Pivot Level: $3.2205

First Major resistance Level: $3.3162

23.6% FIB Retracement Level: $6.52

38% FIB Retracement Level: $9.68

62% FIB Retracement Level: $14.77

Ethereum rose by 7.62% on Sunday. Following on from a 0.82% gain from Saturday, Ethereum ended the week up by 9.73% to $428.94.

It was also a bullish day. Ethereum rallied from an early morning intraday low $398.24 to a late intraday high $429.9.

Steering clear of the first major support level at $392.01, Ethereum broke through the days major resistance levels.

A late pullback saw Ethereum fall back through the third major resistance level at $425.87 before wrapping up the day at $428 levels.

At the time of writing, Ethereum was up by 0.22% to $429.88. A mixed start to the day saw Ethereum fall to an early morning low $428.15 before rising to a high $430.55.

Ethereum left the major support and resistance levels untested early on.

Ethereum would need to avoid a fall through the $419 pivot to support a run at the first major resistance level at $439.81.

Support from the broader market would be needed, however, for Ethereum to break out from this mornings high $430.55.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $419 pivot would bring the first major support level at $408.15 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$400 and the second major support level at $387.37.

First Major Support Level: $408.15

Pivot Level: $419

First Major Resistance Level: $439.81

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP rose by 3.28% on Sunday. Following on from 0.80% gain on Saturday, Ripples XRP ended the week down by 0.62% to $0.2830.

It was a bullish day. Ripples XRP rallied from an early morning intraday low $0.2740 to a late intraday high $0.2838.

Ripples XRP broke through the first major resistance level at $0.2779 and the second major resistance level at $0.2818.

A late pullback saw Ripples XRP test support at $0.28 before breaking back through the second major resistance level at $0.2818.

At the time of writing, Ripples XRP was up by 0.53% to $0.2845. A bullish start to the day saw Ripples XRP rise from an early morning low $0.2830 to a high $0.28455.

Ripples XRP left the major support and resistance levels untested early on.

Ripples XRP will need to avoid a fall through the $0.2803 pivot to support a run at the first major resistance level at $0.2865.

Support from the broader market would be needed, however, for Ripples XRP to break out from the morning high $0.28455.

Barring an extended crypto rally, the first major resistance level should cap any upside.

Failure to avoid a fall through the $0.2803 pivot would bring the first major support level at $0.2767 into play.

Barring an extended crypto sell-off, Ripples XRP should steer clear of sub-$0.27 levels. The second major support level at $0.2705 should limit any downside.

First Major Support Level: $0.2767

Pivot Level: $0.2803

First Major Resistance Level: $0.2865

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Please let us know what you think in the comments below.

Thanks, Bob

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EOS, Ethereum and Ripple's XRP Daily Tech Analysis August 31st, 2020 - FX Empire

Filecoin tests pave way for Ethereum fee restructure – Cointelegraph

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A long anticipated Ethereum Improvement Proposal (EIP) which aims to tackle high network fees is currently being tested on the Filecoin network.

A proposal to change Ethereums fee structure has been in the pipeline since first being suggested in April 2019. A surge in network fees in recent months has brought the spotlight back on to EIP 1559, and it is being trialled on the digital storage platform Filecoin.

Ethereum co-founder, Vitalik Buterin, tweeted an update as more information and research is piled into the proposed upgrade.

Filecoin software engineer, Jeromy Johnson, said the EIP code appears to be doing its job on an ongoing test on the network. He added that there had been a couple of spikes in base fee, which is the new network fee architecture, but there was very little delay in messages making it into the chain.

Filecoin is a decentralized storage platform that is in the testnet phase. It has targeted September for the mainnet launch according to its August progress update. Sharing technology with Ethereum makes it a good testbed for EIP 1559.

On August 22, PegaSys developer Tim Beiko tweeted that two Ethereum clients are currently privately testing the code, Vulcanize's geth fork and Besu. He added that he would personally like to see EIP 1559 implemented on a network with a large state, such as Ropsten, to see if larger blocks are an issue.

The proposal introduces the base fee mechanism that dynamically adjusts fees based on the current network congestion levels. Currently, Ethereum network fees are calculated in an auction-type system where users bid how much theyre willing to pay to have their transaction picked up by a miner. Naturally, the miners prioritize the higher bids first which leads to congestion and high gas prices under heavy load.

Under the new proposal, if the blockchain is more than 50% utilized then the base fee increases automatically, but if it is under 50% utilized, then it would decrease. Ethereum users would still be able to jump the queue by paying a tip on top of the base fee. All of the fees in ETH that are paid via the base fee are burnt and only the tip is paid to miners.

The maximum difference in base fee from block to block would then be predictable because these increments are constrained. This would then allow wallets and dApps to automatically set the gas fees for users more reliably rather than simply estimate them.

It may be a while before EIP 1559 is rolled out on the Ethereum mainnet however. ETHhub founder Anthony Sassano predicted at least 6-12 months in his Daily Gwei newsletter on August 24.

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Filecoin tests pave way for Ethereum fee restructure - Cointelegraph

Everyone Wants to Connect to Ethereum (ETH) – Weiss – Ethereum World News

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Quick take:

In a recent tweet, the team at Weiss Ratings has concluded that almost all crypto projects want to connect to the Ethereum (ETH) network. Their observation and conclusion are based on the fact that the Flare Network is building a new two-way bridge that will connect XRP to the Ethereum virtual machine.

The team at Weiss Ratings went on to state that Ethereum is the new hot thing in crypto as a result of the DeFi industry. Ethereum has cemented its position as the de facto smart contract platform.

The tweet by Weiss Ratings can be found below.

Also this past week, the team at the Flare Network has announced that there will airdrop 45 Billion Spark Tokens to all XRP holders except addresses belonging to Ripple Labs and its employees. The team at Flare Network plans to carry out a soft fork of the XRP chain and a snapshot taken to determine the distribution of the Spark Tokens. The distribution will be made to owners of XRP who store their digital assets on exchanges and/or private wallets.

At the time of writing, only the Bitrue Exchange has confirmed that it will be supporting the Spark Token airdrop. The exchange announced their intention to support the Spark Token distribution via the following tweet.

According to Flare, over 5,400 XRP accounts holding over 295 Million XRP have set up to claim the Spark Token. More information on how to claim Spark Tokens can be found on the Flare Network website.

With regards as to whether the airdrop is safe or not, Bitrue supporting the event is one way of judging its legitimacy. Furthermore, the CTO of Ripple, David Schwartz, gave the following response on Twitter, regarding the safety of the Spark token distribution event.

Additionally, XPRING has made a significant financial investment in the Flare Network. Xpring is the financial investment arm of Ripple Labs.

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Everyone Wants to Connect to Ethereum (ETH) - Weiss - Ethereum World News

Flare proposes new bridge to allow XRP to be used on Ethereum – Cointelegraph

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On Aug. 26, Ripple (XRP) partner Flare Networks revealeddetails of a proposed new bridge connecting XRP with the Ethereum (ETH) blockchain. Ripples CEO Brad Garlinghouse and the XRP Army have expressed support for the first two-way bridge to bring the ecosystems together.

The trustless bridge will allow XRP on the Flare Network known as FXRP to be used within the Ethereum networkwhile providing a scaling platform for Ethereum tokens and applications.

Flare is a network that integrates the Ethereum Virtual Machine in order to provide advanced smart contracts on the XRP network.

The proposal, which needs to be approved by the Ripple Foundation, will be the groups first governance proposal and has mostly beenmet withpositive feedback from the community, with Twitter user Tristancommenting, As soon as its done. Im moving all my apps andsmart contracts over.

But some users, like JGrim,questionwhethera connection to Ethereum was needed at all, saying that it will only slow down the Flare network. Ethereums fees have hit $99 for some DeFi users recently amid network congestion.

Ripples CEO Brad Garlinghouse said that Flare will offer users the best of both worlds:

From my point of view Flare is combining the best of XRP (VERY fast settlement), Ethereum (smart contracts) and Avalanche (for consensus) which helps extend XRPs utility and allows developers to create smart contracts for new use cases like lending and defi.

Flare Networks collaboration with Ripple began in November last year and was funded by Ripples Development arm Xpring. In February this year, Xpring announced its intention to develop a bridge between the two networks and sponsored three challenges during the ETH Denver hackathon, all of which revolved around a bridge between XRP and Ethereum.

Flares CEO and founder Hugo Philion is confident about this new proposal since there are already several projects that serve as a two-way bridge between other networks and Ethereum. Last week the NEAR project launched the Rainbow Bridge connecting their platform with Ethereum, and Enjin have already built a bridge connecting Hyperledger with Ethereum.

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Flare proposes new bridge to allow XRP to be used on Ethereum - Cointelegraph

Yearn.Finance: How Ethereum’s DeFi Darling YFI Reached $1 Billion In 2 Months – Forbes

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Ethereum-based yearn.finance and its governance token YFI evolved into a major DeFi player.

Yearn.finance's native governance token, YFI, is now the second-biggest decentralized finance (DeFi) coin in the cryptocurrency market. Its market capitalization has surpassed $1.1 billion just one and a half months after its launch.

Four major components contributed to the rapid success of yearn.finance: unique supply, an active community, a respected developer, and innovative products.

Unique Supply, No Premine, Decentralized

The process of yearn.finances launch garnered the attention of many DeFi enthusiasts since the beginning.

Andrew Cronje, the main developer behind yearn.finance, rebranded, and relaunched iearn.finance with a suite of products. Cronje released YFI with no premine, a fixed supply of just 30,000 tokens, and no founder reward.

The transparent and decentralized launch of yearn.finance, which also gives YFI token holders all the governance rights, made the DeFi protocol unique.

The lead developer behind it, Andre Cronje, decided that he would create a $YFI token, and with that pass over control/governance of the entire yearn.finance suite of tools. Despite having the power to give himself a pre-mine or founder reward, he elected instead to keep zero tokens for himself, Daryl Lau, a contributor to Deribit Insights, explained.

A part of the intrigue behind YFI was its token. YFI has a fixed supply of 30,000, which led to the price of each individual token surpassing that of Bitcoin. But, in terms of market capitalization, even at a price point of around $38,300, its market cap is less than $1.2 billion. In contrast, the market cap of Bitcoin is at $216 billion.

The price chart of YFI, the native governance token of yearn.finance.

Respected Developer, Fast Shipping Speed

Cronje, despite receiving no major financial incentives from the YFI launch, has consistently shipped out new DeFi-related products.

Most recently, as an example, yearn.finance announced the launch of yinsure.finance.Yinsure will provide insurance coverage to DeFi users.

The developer has collaborated with various top developers and executives in the cryptocurrency industry. On August 28, Cronje hinted at a collaborative project with Sam Bankman-Fried, the CEO of FTX, one of the largest derivatives exchanges in the cryptocurrency sector. Bankman-Fried is also the chief executive of Alameda Research, a cryptocurrency trading firm and OTC desk.

Guess the cat is out of the bag, but just so that there is some expectation management, this is a long roadmap that we are working on, so it won't be anything anytime soon. But there will be something very sexy in the future, Cronje said.

The confluence of a low and unique supply model, a transparent launch, and an active developer eventually led yearn.finance to evolve into one of the largest DeFi protocols across various metrics.

According to data from DefiPulse, there is more than $790 million in total value locked in the yearn.finance protocol. It trails just behind Synthetix, Aave, and Maker.

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Yearn.Finance: How Ethereum's DeFi Darling YFI Reached $1 Billion In 2 Months - Forbes

XRP May Never Reach $1 Let Alone $10 – Crypto Analyst – Ethereum World News

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In summary:

Crypto analyst Timothy Peterson of Cane Island Alternative Advisors has shared a densely packed price analysis of XRP. According to Mr. Peterson, XRP may never reach the $1 value let alone $10. He provides two reasons why XRPs future value looks stagnant.

To begin with, be cites that XRP user growth is not there. Secondly, digital fiat is a threat to XRP. To sum up his analysis, he highlights that XRP is one of Grayscales smallest funds thus indicating there is no investor interest in the remittance coin.

Mr. Petersons analysis of XRP was made via the following Tweet.

XRPs role as a remittance coin is slowly losing traction as stablecoins have shot to the limelight thanks to DeFi and Tether being used as a fiat onramp in China. With respect to the latter, a recent report by Bitstamp and Coinmetrics explained how this has come to be.

stablecoins can serve as replacements for fiat onramps and provide liquidity for crypto investors who do not have a direct fiat gateway. This is especially important in countries that have relatively strict restrictions on cryptoasset trading, like China.

Past research has shown that USDT_ETH is redominantly transferred during Asian and European market hours.

In the case of Central Bank Digital Currencies, multiple countries and regions are exploring the use of CBDCs. They include China, England, Japan, Euro Zone, Sweden, and Switzerland. The United States has also been flirting with the idea as seen through the ongoing debate on how to best distribute stimulus checks/funds.

In an earlier analysis, it was concluded that crypto traders still prefer XRP when transferring funds between exchanges. This is due to the efficiency of the XRP ledger that allows for the quick and cheap transfer of funds between exchange wallets.

This means there are traders who know of XRPs capabilities. Therefore, by borrowing a leaf from other projects such as Tron (TRX), Ethereum (ETH) or even LINK, XRP needs additional real use cases. TRX, ETH and LINK have shot to glory through smart contracts that are powering the DeFi boom.

Therefore, the Flare Network might just be what the doctor ordered for XRP. The Flare Network plans to build a two-way bridge connecting XRP with the Ethereum network. Flare plans on integrating the Ethereum Virtual Machine to introduce smart contracts on the XRP network. The team has provided information on how this will work via the following tweet.

If the Flare network can succeed in bringing Smart Contracts to the XRP network, its user base will definitely increase as DeFi protocols will be created to capitalize on the global popularity of XRP. The digital asset is still the number 3 digital asset on Coinmarketcap hinting that it has an appeal to investors and traders.

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XRP May Never Reach $1 Let Alone $10 - Crypto Analyst - Ethereum World News

Ethereum whale’s uniswap token briefly hit $100K but theres a catch – Cointelegraph

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On Aug. 25, the creator of the well-known Uniswap tokens Antiample (XAMP) and Tokens of Babel (TOB) launched Boa. The Ether whales projects have seen growing interest within the niche Uniswap market.

A common theme among the projects of the pseudonymous developer Bill Drummond is unique supply systems. Through unorthodox mechanisms, like rebasing, the supply of XAMP and TOB decreases through coin burns over time.

TOB, as an example, is a token that uses rebases to decrease its supply but ensures the holder has a certain percentage of the total supply. Bill explains:

Rebases of TOB affect the number of tokens in your wallet, but not your overall share in the total supply. If you own 0.5% of the total supply, you will always own 0.5% of the total supply, regardless of the number of tokens in your wallet.

Similar to Bills other projects, Boa also has a special supply system that makes it a deflationary token. Atop the coin burns, Boa also applies a 1% tax on sellers, not buyers, which disincentivizes sellers.

On paper, Boa hit $100,000, but its circulating supply was below 50, and the supply goes down even further as time passes.

Hence, even at a price point of $100,000, the actual market cap of the token would remain below $5 million. Currently, according to Uniswap, the price of Boa is trading just below $51,000. That places the market capitalization of the token at around $2.5 million.

The price of Boa hits $100,000 on Uniswap. Source: Uniswap.info

The developer said he took inspiration from yearn.finances YFI, which recently achieved a peak of $16,668 due to its small supply of 50,000. The developer said:

People love YFI because it's so expensive. Number go up. Well, with Boa, there are only 50 tokens in circulation. Fifty. And with an incentive to burn, there will be even less and less to go around.

Bills projects and unique tokens are more considered as experiments with specialized supply systems. The cryptocurrency market has seen crypto assets with a fixed supply or an inflationary supply, but none with a continuously decreasing supply with special conditions.

For instance, the developer said Boa was made after the team unexpectedly found some issues with XAMP and TOB. Bill said sellers were attempting to take advantage of the supply conditions. The developer explained:

We studied how Antiample and Tokens of Babel were being traded in the community. There seemed to be activity centering around achieving or not achieving burns. This caused one side of traders to 'push' for a burn while the other side took advantage of this push and bought or sold against them. This created a conflict that was not expected.

Depending on how users perceive the emergence of specialized tokens, whether these Uniswap tokens benefit the cryptocurrency market over the long-term is debatable.

On the one hand, it allows a relative niche market and community to experiment with cryptocurrencies that operate based on conditional supply systems. But given their small market caps, experimental supply schemes and code, investing in such bleeding-edge digital tokens certainly carries major risks.

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Ethereum whale's uniswap token briefly hit $100K but theres a catch - Cointelegraph

Over $1 Billion Ethereum-Based Tokens Vulnerable to ‘Fake Deposit Exploit’ – Bitcoin News

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A number of university researchers published a study that demystifies the fake deposit vulnerability in Ethereum-based smart contracts. The findings show that over 7,000 tokens worth more than $1 billion built on top of Ethereum are vulnerable to two types of attacks that exploit smart contracts.

Researchers from the University of Queensland, Beijing University of Posts and Telecommunications, Zhejiang University, and Peking University have published a paper that describes a vulnerability held by over 7,000 Ethereum-based tokens.

Essentially, the tokens created have verification methods that are subpar to ERC20 contracts released after 2017. The vulnerability allows the tokens codebase to be manipulated and hackers can easily steal millions of dollars by executing the fake deposit vulnerability.

What is worse is that there are more than 25 million smart contracts built using the Ethereum network and the researchers say only 0.36% of them have released their source code according to our dataset.

Moreover, the paper discusses that the tokens are vulnerable on both decentralized exchanges (dex) and centralized exchanges (cex) because they allow these coins to be swapped without comprehensive verification.

The team of researchers leveraged a tool called Deposafe, which allows the testing of a large number of ETH-based smart contracts.

In this work, we have systematically characterized the fake deposit vulnerability in Ethereum. Deposafe, an automated tool is proposed to perform the detection and verification of the vulnerability, the paper states.

We demonstrate the efficiency of Deposafe with experiments on a large number of smart contracts. Our observations reveal the prevalence of fake deposit vulnerability in the ERC20 smart contracts, the universitys scholars wrote.

The investigators found that 7,735 tokens can be influenced by the fake deposit vulnerability using a Type-I attack. While 7,716 tokens that are vulnerable to Type-II attack with a market cap of over $1 billion.

The number of holders and transactions would be 695K and 4.6 million respectively, the paper stresses.

The paper also identifies the dexes that have high active trading on a daily basis and could suffer from the fake deposit attack. Dex platforms listed in the researchers paper include Ether Delta, DDEX, and IDEX.

Centralized exchanges (cex) that fall victim to the fake deposit attack could lose substantial amounts of funds.

If a cex allows these tokens to be traded without comprehensive verification, the financial loss will be tremendous, the paper highlights.

The authors of the report say that the efforts they have provided can contribute to bring developer awareness and hopefully promote best operational practices across blockchains.

The listed cex platforms mentioned in the researchers study include companies like Kraken, Binance, and Coinbase. ERC20s who are allegedly vulnerable to the fake deposit exploit include BRC token, PWR token, BAT, HPT token, Cloudbric, RPL token, Moviecredits, and more.

What do you think about the fake deposit attack? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Over $1 Billion Ethereum-Based Tokens Vulnerable to 'Fake Deposit Exploit' - Bitcoin News

Ethereum Just Saw A Key Technical Breakout: Big Reaction From Bulls Imminent – NewsBTC

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Ethereum is up over 2% and it broke the main $400 resistance against the US Dollar. ETH price is likely to accelerate higher once it clears the $408 resistance zone.

After a strong downside correction, Ethereum found support near the $370 level against the US Dollar. ETH price made two attempts to decline below the $370 support, but the bears failed to gain momentum.

As a result, ether started a strong increase and broke the $385 resistance. It opened the doors for more gains above the $395 pivot and resistance level. The price climbed above the 50% Fib retracement level of the downward move from the $411 high to $370 low.

More importantly, there was a break above a crucial bearish trend line with resistance near $395 on the 4-hours chart of ETH/USD. The pair is now trading nicely above the $400 resistance level, the 100 simple moving average (4-hours), and the 76.4% Fib retracement level of the downward move from the $411 high to $370 low.

An immediate resistance is near the $408 level (the last key breakdown zone). A successful close above the $408 level may perhaps open the doors for a larger increase in the near term.

The next major resistance for ether could be near the $420 level or the 1.236 Fib extension level of the downward move from the $411 high to $370 low. Any further gains could lead the price towards the $450 resistance.

If Ethereum fails to clear the $408 resistance zone, it might start a downside correction. An initial support is near the $395 level and the 100 simple moving average (4-hours).

The next major support is near the $390 level, below which the bears are likely to target a retest of the $370 support region in the near term.

Technical Indicators

4 hours MACD The MACD for ETH/USD is slowly moving in the bullish zone.

4 hours RSI The RSI for ETH/USD is now well above the 50 level.

Major Support Level $395

Major Resistance Level $408

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Ethereum Just Saw A Key Technical Breakout: Big Reaction From Bulls Imminent - NewsBTC

Justin Sun Promises the Tron (TRX) Community a New ‘Adventure’ – Ethereum World News

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Quick take:

The Founder of Tron, Justin Sun, has made an announcement stating that he has made a bold decision that will benefit the communities of TRX, BitTorrent (BTT), Just (JST) and Wink (WIN). Mr. Sun made the announcement via the following tweet.

To note is that Justin Sun has had a reputation for making announcements about announcements.

However, Mr. Sun has always delivered to the Tron community members each time. Going back in time and during the Tron Mainnet launch, Justin Sun promised to launch it ahead of time and came through for the community. Other instances where he showcased his reliability include:

Given the current crypto-verse euphoria surrounding DeFi, high chances his decision will hover around the Decentralized Finance industry. This is based on his statement that the new adventure will involve TRX, BTT, JST and WIN. The only plausible way these four digital assets can benefit mutually is through some type of DeFi platform.To note is that this is based on pure speculation and not the actual decision by Justin Sun.

Also this week, a new version of the Klever App is now available for download on iOS and Android. The team at Klever made this announcement on the 28th of August and explained that the new iteration had new features, upgrades and improvements.

Klever stands out from other blockchain wallets in that it supports several chains as explained below.

Klever is a multi-chain wallet and fully integrated with the Bitcoin (BTC), Tron (TRX), and Ethereum (ETH) blockchains, with more chains to be added directly after launch.

Klever supports thousands of TRC10, TRC20 and ERC20 tokens in its wallet. An innovative new feature of Klever is that it allows the user to save BTC, ETH, and TRX contacts and addresses directly in the cloud.

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Justin Sun Promises the Tron (TRX) Community a New 'Adventure' - Ethereum World News

More than 95% of the net worth of Ethereum protocol Synthetixs founder is in SNX – CryptoSlate

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In the traditional world of finance, risk management is a key aspect of any investors skillset. In crypto, it seems that investors throw risk management out the window, depending on how you see it.

As polled multiple times by Bitcoin traders and others in the space, many on Crypto Twitter have locked up a majority of their net worth in digital tokens.

Even executives in the space suffer from this mindset, with one recently revealing he has basically all of his net worth locked up in digital assets, in a single cryptocurrency no less.

In a recent discussion on Twitter, Kain Warwick, the founder of the Synthetix protocol, discussed how interesting it was to see the crypto exchange FTX/crypto fund Alameda Research put millions of dollars worth of capital towards an unaudited protocol called SushiSwap.

Warwick noted that he personally wouldnt put more than one percent of his capital at such a risky protocol, which could be drained of its funds at any moment by the admins or by hackers.

FTXs CEO, Sam Bankman-Fried fired back (in a friendly way) by asking how much of Warwicks net worth is locked up in the native Ethereum-based token of Synthetix, the Synthetix Network Token (SNX).

The cryptocurrency pioneer remarked that currently >95% of his net worth is in SNX, though he noted that its hard for him to realistically diversify those funds because he is escrowed as a core contributor and escrowed via staking rewards for at least another year.

Although the exact sum of SNX he owns is unclear, ICODrops reports that the team of Synthetix will eventually have access to 20 percent of all coins in circulation. This in itself is worth hundreds of millions of dollars.

Although SNX has already seen a parabolic rally over the past few months, the coin may have further to rally.

In a recent podcast with Jason Choi of The Spartan Group, a crypto venture and hedge fund, Warwick noted that Synthetixs second-layer scaling solution is a matter of months away.

At current, the Synthetix exchange, which is at the core of the entire protocol, suffers from the drawbacks of the layer-one Ethereum blockchain. For instance, the gas cost right now is 300 Gwei, which is close to an all-time high, and the time for transactions to reasonably go through takes around 15 seconds to one minute.

This means that Synthetix cannot reasonably reach parity with centralized exchanges.

Though with the planned layer-two upgrade, Synthetix may begin to resemble the incumbents, driving demand for SNX and giving the cryptocurrency the ability to accrue value in the longer run.

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More than 95% of the net worth of Ethereum protocol Synthetixs founder is in SNX - CryptoSlate

Ethereum whale transfers 62134 ETH as Ether remains above $385 – Nairametrics

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Ethereum whales are on the rise, of late. This is because the second most valuable crypto continues to remain attractive to many investors and crypto-traders.

Data from an advanced crypto tracker, Whales Alert, showed that an ETH whale moved 62,134 ETH (24,079,813 USD) from an unknown wallet to another unknown wallet.

READ: Crypto: Celo gains over 50% within a day, as Coinbase announces its listing

Priced at $387 as at the time of this writing, the increased activity is a good long-term sign of things to come for Ethereum holders.

Ethereum 24-hour trading volume is $8,717 billion. ETH price is up 1.4% in the last 24 hours. It has a circulating supply of 110 million coins and a max supply of coins.

READ: Chainlink: Most valuable DeFi crypto is attracting investors again, gains over 8%

In the Ethereum world, traders or investors who own a large number of Ethereum are typically called whales. This means an Ethereum whale would be a single Ethereum address owning around 1,000 Ethereum or more.

Meanwhile, Ethereums daily transaction count neared an all-time high this week. Its ATH of 1.34 million was set on Jan 4, 2018, when Ethereum had an average market price of $1,042. Just last week, its transaction counts were within a shouting distance at 1.27 million.

READ ALSO: Two Ethereum Whales move 53,455 ETH, as DeFi tokens gain popularity

Nairametrics believes that the recent whale movements are triggered by the DeFi token phenomenon which uses the ERC-20 protocol for facilitating transactions. Ethereum 2.0, the long-term protocol upgrade of Ethers parent network, is set to launch its final testnet this month.

READ: Crypto: LEND gains more than 4000% in one year, set to rally higher

Ethereum is a cryptocurrency designed for decentralized applications and deployment of smart contracts, which are created and operated without any fraud, interruption, control or interference from a third party.

It is a decentralized system, fully independent, and is not under anybodys authority. It has no pivotal point, and its platform is connected to thousands of its users through their computing system around the world, which means its almost impossible for Ethereum to go offline.

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Ethereum whale transfers 62134 ETH as Ether remains above $385 - Nairametrics

Safex Platinum to Offer Non-Ethereum Based Decentralized Finance – Yahoo Finance

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TipRanks

If investing is entertaining, if your having fun, youre probably not making any money. Good investing is boring.The words are George Soros, and whatever you may think of his politics or activism, it is impossible to deny that he is one of the worlds greatest stock market investors. In some 30 years of active trading, his hedge fund saw an annualized average return exceeding 30%; it was one of the greatest runs of sustained profits in Wall Streets history. Soros ran his hedge fund behind the scenes, building a portfolio based on reliable dividends and solid returns.He has continued that strategy in recent years, after taking his firm private. Considering his aphorism, Good investing is boring,' its no wonder that Soros gravitates toward stocks with proven returns. His recent new positions simply bear this out, as Soros has bought into three stocks considerable return potential dividend yields of 4.5% or better and upside potential starting at 15%, according to the analyst community. With this in mind, we used TipRanks database to find out what else makes these picks so compelling.Blackstone Mortgage Trust (BXMT)The first Soros pick were looking at is Blackstone Mortgage Trust, a real estate investment trust. Its no wonder that Soros turned to BXMT if he was looking for dividend returns REITs are well known for their high-yield dividends. Blackstone, which holds a portfolio exceeding $167 billion in real property assets under management, focuses on collateral-based senior mortgage loans in the Western markets: North America, Europe, Australia.After a hard hit in Q1, due to the coronavirus crisis, Blackstones Q2 report gave investors a pleasant surprise by beating expectations on both revenues and EPS. While the top line came in at $107.1 million, or 1% above the forecast, the per-share earnings of 56 cents showed a stronger beat of 14%. In a display of confidence, the company has kept its dividend payment stable through the chaotic first half of the year. The 62-cent quarterly dividend was paid out in mid-July, and at $2.48 per share annualized, it offers investors a robust 10.3% return. Thats more than 5x the average found among S&P listed stocks and 4x the average found among peer companies in the financial sector.High returns are always an attraction for Soros, and he initiated his position in BXMT with 355,000 shares. At current share prices, these shares are worth more than $8.5 million.Analyst Donald Fandetti, covering BXMT from Wells Fargo, sees reason for optimism in Blackstones balance sheet, and what that means for the dividend. He writes, Reflecting a competitive advantage, BXMT was able to raise $607 mm of debt and equity capital in the quarter, boosting their liquidity to $1.3B (mostly cash). This puts them in a position to go on offense as high return opportunities begin to arise We believe BXMT will continue paying their quarterly dividend unless the economic situation deteriorates further Fandettis comments back up his Overweight (i.e. Buy) rating, and his $33 price target suggests a 37% upside for BXMT in the coming year. (To watch Fandettis track record, click here)Overall, Blackstone Mortgage has a Moderate Buy rating from the analyst consensus, with 5 recent reviews breaking down to 2 Buys and 3 Holds. Shares are selling for $23.79, and the $27.75 average price target implies a 15% upside potential. (See BXMT stock analysis on TipRanks)Truist Financial (TFC)Formed this past December, through a merger between SunTrust and BB&T, Truist is the eighth largest bank holding company in the US. Its main subsidiaries operate over 2,000 bank branches in 17 states, with company headquarters in Charlotte, North Carolina. Like many banks with a reliance on brick-and-mortar retail branches, the companys shares saw heavy depreciation during the corona crisis, and have only partially recovered. Through the hard 1H20, Truist paid out its dividend regularly, at 45 cents per common share. The most recent declaration, from August 13 for a September 1 payment, continues that reliability. The 45-cent payment gives a yield of 4.5%, strong by any standard, and made better by the companys reliable payment history.Soros fund took the bank merger as an opportunity to buy into a larger bank with greater resources. The billionaires fund bought 498,669 shares of TFC, a holding now worth $19.74 million hardly chump change, even for George Soros, and an indication of a commitment to the new holding.Wall Street agrees that TFC is a buying proposition. Wolfe Research analyst Bill Carcache rates the stock an Outperform (i.e. Buy) rating, and his $52 price target indicated confidence in a 31% upside potential. (To watch Carcaches track record, click here)Backing his stance, the 5-star wrote, We see opportunity for TFC to drive CET1 closer to peer levels as we move beyond near-term merger execution and COVID-19 related risks. TFCs medium-term CET1 target of 10% appears conservative relative... By our math, each 50bp reduction in CET1 would translate into an ~90bp improvement to ROTCE.TFC's Moderate Buy analyst consensus rating on Truist comes from 7 reviews, including 5 Buys and 2 Holds. The average price target of $45.86 implies a 16% upside from the trading price of $39.12. (See TFC stock analysis at TipRanks)US Bancorp (USB)Last up on todays list is another bank holding company, US Bancorp. The parent company of US Bank, and based in Minneapolis, Minnesota, US Bancorp is the fifth largest of American banks, providing banking, investment, and mortgage services to individuals, small and medium business, and government entities, mainly in the Midwest and West. The company boasts over 3,000 branch locations and 4,800 ATM machines across is service area, and a market cap of $56 billion.The large network and deep pockets came in handy for the company during 1H20, when earnings dropped from $1.08 in Q4 to 41 cents in Q2. Revenues grew slightly during the same period, from $5.6 to $5.8 billion. The social shutdowns and consequent reduction in traffic at branches cut into day-to-day business. The second quarter saw business recover to a degree, with a 7% gain in total loans and an 11% gain in average deposit balances.The companys regular quarterly dividend was paid out in mid-July at 42 cents, the fourth quarter in a row at this rate. The $1.68 annualized payment gives the dividend a yield of 4.5%, and the companys 11-year history of regular dividend increases gives it a clear attraction for return-minded investors.Clearly, Soros would agree. His fund staked a position in USB by buying 614,294 shares of the stock. The holding is worth $22.85 million at the current share price. Turning to Wall Street, Chris Kotowski, a 4-star analyst with Oppenheimer, sees USB as well-adapted for the current 'coronavirus environment.USB remains the "flight to safety" name in the space as the diversified model is able to generate pre-provision earnings that could handily fund future potential reserve builds without diluting TBV UBS guided to a stable revenue and expense outlook. NII is expected to be flat in 3Q20 compared to 2Q20, mortgage banking could be up Y/Y but lower than 2Q20, and payment is trending up due to the gradual re-opening of economy. USB also expects non-interest expense to be stable in 3Q20 vs. 2Q20 and FY2020 tax rate of 15%," Kotowski opined.To this end, Kotowski rates USB shares an Outperform (i.e. Buy), which is supported by a $75 price target that implies an upside potential of 101% for the coming year. (To watch Kotowskis track record, click here)All in all, US Bancorp holds a Moderate Buy rating from the analyst consensus, based on 6 Buys, 4 Holds, and 1 Sell set in recent weeks. The stock is selling for $36.82, and the $44.40 average price target suggests it has room for 21% growth in the next 12 months. (See USB stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Safex Platinum to Offer Non-Ethereum Based Decentralized Finance - Yahoo Finance

Why This Ethereum-Based DeFi Coin Is Up 30% on the Day – NewsBTC

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Both Bitcoin and Ethereum have stalled, but it seems that altcoins are once again popping off. A swath of digital assets in the top 100 have gained dozens of percent in the past 24 hours, with some managing to even double.

One such digital asset outperforming the market leaders is BZRX, the native token of the bZx Protocol. That cryptocurrency is up 30% in the past 24 hours, surmounting the value of $1.00 for the first time ever. BZRX, based on Ethereum, trades at $1.11 as of this articles writing.

The coin is up a lot in the past 24 hours due to a listing on Binance. Binance has rapidly ramped up its listing process over recent weeks due to it being a bull market. By NewsBTCs estimates, approximately two-dozen coins have been listed in the past month alone.

Coins listed by notable exchanges like Binance and Coinbase often lead to rallies in their price due to these exchanges often being these coins first source of real liquidity.

BZRX has been no exception.

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Why This Ethereum-Based DeFi Coin Is Up 30% on the Day - NewsBTC

Ethereum’s move to $500 Shortcuts aren’t the way to go – Digital Market News

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Darwins theory of natural selection, and by extension, the idiom Survival of the fittest, is incredibly apt when it comes to describing the digital asset industry. For long, Bitcoin was considered to be the only fit candidate in the crypto-ecosystem. Over the years, however, Ethereum has managed to carve out its own position of strength as well.

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Its credibility was highlighted by its recent price action after the crypto-asset did not suffer significant depreciation on the charts, despite a lot of bearish pressure. In fact, ETH hit back even harder, with the cryptocurrency registering a 7 percent move north over the past 24-hours, climbing up to $430.

The aforementioned incline felt like a statement of intent, one that brought the ETH at $500 narrative right back into the picture. So, what are the chances?

Ethereum Options riding high with the bulls

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If Ethereums derivatives traders had a direct say, bullish optimism would be written all over the walls. In fact, during the week when Ethereums price faced constant pressure from the bears, total ETH Options Open Interest managed to note consistently high levels.

Skews charts further indicated that the OI relative to the Put/Call ratio had dropped down to its lowest level in 3 months, an observation that suggested that a majority of the traders were expecting the price to go up.

Other than the derivatives market, Weiss Ratings also believes that most projects are now inclined towards connectivity with Ethereum.

Weiss further added that due to the presence of DeFi, Ethereum is rapidly becoming the most desired platform in crypto since the worlds largest altcoin platform has also established itself as a smart contracts platform.

Each of these factors has been attached to a lot of positivity lately, and each of them will eventually play a role in Ethereums price.

Is Ethereum at $500 a possibility soon?

Ethereum is eventually going to be worth over $500, but the question is how. Swing trading based on current volatility has been identified as a major catalyst, but it might not be desirable considering the fact that it leads to weak sustenance.

Let us get our facts straight. The last time Ethereum was valued at $500 was back on 19 June 2018. Simply put, over two years have passed since the crypto-asset registered trading at this range. Now, swing trading based on a short-burst of volatility may allow Ethereum to bridge the gap to $500 within a week, but that might not be ideal. From the attached chart, it can be observed that Ethereum consolidated between $422-$464 for a period of three weeks in late-2017, movement that later fueled ETHs strong rally above $500.

Now, if one were to take into account ETHs recent success at the $400-mark, it can be observed that consolidation has been key. So, rather than taking the short way out to $500 and account for pullback uncertainty, a resistance-by-resistance climb would be more beneficial for Ethereum.

The goal, after all, is to stay above $500, not touch it and come back to the present or lower price range.

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Ethereum's move to $500 Shortcuts aren't the way to go - Digital Market News

Ethereum (ETH) Up $1.69 in Last 4 Hours, Moves Up For the 3rd Consecutive Day; Crosses 20 Day Moving Average – CFDTrading

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Ethereum 4 Hour Price Update

Updated August 31, 2020 01:36 AM GMT (09:36 PM EST)

Ethereum came into the current 4 hour candle up 0.4% ($1.69) from the open of the last 4 hour candle, marking the 6th straight candle it has gone up. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!

Ethereum is up 7.59% ($30.25) since the previous day, marking the 3rd consecutive day an increase has occurred. As for how volume fared, yesterdays volume was up 61.05% from the previous day (Saturday), and up 11.83% from Sunday of the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the day in terms of price change relative to the previous day. The daily price chart of Ethereum below illustrates.

Moving average crossovers are always interesting, so lets start there: Ethereum crossed above its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Ethereums price has gone up 7 them.

Behold! Here are the top tweets related to Ethereum:

No matter what you think about $YFI, itll bring tremendous attention to #Ethereum as a whole.Really, it already is. Yes, because of token price.But once they learn what Yearn can do, and how it connects value across myriad DeFi apps, its going to blow uninitiated minds.

Im excited about the fair launches in Ethereum. Well continue to see many more of them become successful. Well also continue to see founders raise from VCs but likely the trend being much smaller rounds to get to launch with lower caps per investor which IMO is a good thing!

the regulators failed on every possible levelthey couldve created a compliant path for Reg A+s and Reg CFs on Ethereum and they just sat around and went after Kik and Telegram theyll be totally lost on DeFi, I dont think theyll know where to start, its way beyond them

As for a news story related to Ethereum getting some buzz:

Ethereum is a Dark Forest. A horror story. | by Dan Robinson | Aug, 2020 | Medium

When anyone calls the burn function on a Uniswap core contract, the contract measures its own liquidity token balance and burns it, giving the withdrawn tokens to the address specified by the caller.(This concept is also the inspiration for the Dark Forest game on the Ethereum testnet.) In the Ethereum mempool, these apex predators take the form of arbitrage bots. Arbitrage bots monitor pending transactions and attempt to exploit profitable opportunities created by them.In addition to burying the call as an internal transaction, we would split the transaction in two: a set transaction that activates our contract, and a get transaction that rescues the funds if the contract has been activated.This would be implemented as follows: If the attacker only tried executing the get transaction, it would revert without calling the burn function.We were hoping that by the time the attacker had executed both the set and get transactions in sequence to spot the internal call to pool.burn and frontrun us, our transactions would already be included.If we had spent more time on the scripts, tweaked the contracts (perhaps changing the Getter contract to do nothing instead of reverting if called before being activated), or even synced our own node to avoid using Infura, we probably would have been able to get the transactions into the same block.

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Ethereum (ETH) Up $1.69 in Last 4 Hours, Moves Up For the 3rd Consecutive Day; Crosses 20 Day Moving Average - CFDTrading

Regulators Couldve Created a Compliant Path for Reg A+ and Reg CFs on Ethereum, but they Failed, Crypto focused Lawyer Claims – Crowdfund Insider

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Gabriel J. Shapiro, a US attorney focused on mergers and acquisitions (M&A), venture, governance, Infosec, and digital assets, is arguing that its pretty much pointless to be a lawyer in the crypto and blockchain or distributed ledger technology (DLT) space.

He points out that professionals with computer programming or trading skills are able to make a lot of money or get a chance to explore their creative side. However, he claims that law is irrelevant to these people and argues that its also not relevant to crypto-related tech.

He acknowledges or understands how most lawyers either go native or become no-coiners, meaning they do not hold or invest in speculative cryptocurrencies but are actively involved in the DLT sector in other ways.

Shapiro notes that many young people ask him about a potential career in crypto law. He admits that it may be more appealing or interesting than other law, however, he questions whether people want to feel close to completely pointless in everything youre doing and make chump change while working for newly minted millionaires?

He notes that these developers or coders and investors are going to ask you (the lawyer) if x,y, z is illegal and yes its illegal and then theyre going to ask you if being outside the U.S. would helplike, its really just pointless. He suggests that teams should just operate anonymously, avoid fraudulent activities, keep away from VCs, and just do what they want.

He reveals:

Its a lot worse for me because my ability to delude myself into thinking that Ive discovered some weird loophole in the law that miraculously makes exactly what my client wants to do perfectly okay.I dont have that ability, which is either a + or depending on your point of view.

He adds:

Ive been very consistent since pretty much my first article in cryptothis tech is really an anti-law tech. If you dont get that your money probably depends on ite.g. you probably work in enterprise blockchain or youre Vlad Zamfir.

(Note: Vlad Zamfir is a highly-skilled Ethereum developer, mathematician, and has been interested in legal issues related to the crypto and blockchain space for a long time, based on his social media activity.)

He continues:

In all seriousness, to my fellow members of the cryptobar, on some level this is really just a weird protection racket, isnt it? Most of the advice for like a DeFi project would just be put a band-aid on your gunshot wound it might helpcant hurt.

Decentralized finance (DeFi) has emerged as an extremely fast-growing area of finance. The entire ecosystem was valued at only $1 billion earlier this year. However, it has now grown to nearly $9 billion at the time of writing, and includes various so-called decentralized protocols for lending, asset management, and operating non-custodial crypto trading platforms (among other use cases).

Shapiro claims:

The regulators failed on every possible level. They couldve created a compliant path for Reg A+s and Reg CFs on Ethereum and they just sat around and went after Kik and Telegram. Theyll be totally lost on DeFi, I dont think theyll know where to start, its way beyond them.

Regulation A+ facilitates investment crowdfunding for up to $50 million. Both accredited and non-accredited investors may participate in securities offers.

Meanwhile, Reg CF (or Regulation Crowdfunding) is a securities exemption that allows small companies to raise up to $1.07 million in capital online. It recently had the best month ever regarding investor commitments at $23.2 million (as reported in July 2020).

Shapiro further claims that lawyers might just be content with getting paid to deal with these so-called DeFi projects and their never-ending issues (both hacks and scams and other technical problems).

He claims that lawyers may create some nonsense analysis, but if theres no law on the subject youre really just speculating, and theres really no law on the subjectsomeone will make it up later, probably 2 years from now.

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Regulators Couldve Created a Compliant Path for Reg A+ and Reg CFs on Ethereum, but they Failed, Crypto focused Lawyer Claims - Crowdfund Insider

Bitfinex Switches all Crypto Information Widgets to CoinGecko – Ethereum World News

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In summary:

The crypto exchange of Bitfinex has officially switched to CoinGecko for all its crypto information widgets. This move was announced earlier this month by Bitfinexs CTO, Paolo Ardoino via the following tweet.

Bitfinex switching to CoinGecko came after Mr. Ardoino pointed out that Coinmarketcap only accounted for perpetual contracts belonging to specific exchanges. His observation was shared via twitter on the 15th of August and foreshadowed the move by Bitfinex to use CoinGecko exclusively.

Below is the tweet by Bitfinexs CTO making the observation about Coinmarketcap.

In addition to switching its crypto information widgets to CoinGecko, Bitfinex has had several news developments that might have gone unnoticed in the crypto-verse.

Following the listing of ChainLink (LINK)

Also to note, is that Bitfinex carried out a token sale of Fetch (FET) on the 27th of August. The token sale was open to all verified users of the trading platform with a total of 1.9 Million FET up for sale. The minimum investment allocation was 10 USDT with the maximum being 10,000 USDT.

Additionally, Bitfinex hit a new milestone by integrating the OMG network with a 3 Million USDT transaction. This comes after the parent company of Tether announced that it will be using the OMG Transport Network for USDT transactions.

Lastly, traders can now execute custom algorithmic orders and trading strategies using Bitfinexs Honey Framework. The exchange made the announcement of the new capability at the exchange via the following tweet.

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Bitfinex Switches all Crypto Information Widgets to CoinGecko - Ethereum World News