Good morning. Here’s what’s happening:Market moves: Bitcoin was trading at over $36,000 on Sunday after continuing its recent decline earlier in the weekend.Technician's take: BTC is stabilizing on intraday charts, although $30,000 is a more significant level to watch given the decline in long-term momentum.Catch the latest episodes of CoinDesk TV for insightful interviews with … [Read more...] about First Mover Asia: Bitcoin, Ether Regain Ground Sunday After Early Weekend Battering
Ether
Ether, Altcoins Tank, With Bitcoin as Decoupling Narrative Goes Up in Smoke
Traders will be keenly watching bitcoin's UTC close on Friday, as potential failure to rise back above $40,000 may invite more chart-driven selling. "The loss of the $40,000 mark today will likely lead to more bearish sentiment, which in turn could push the price further down – it could even test last July's low of $30,000," Robbie Liu, a researcher at crypto financial services … [Read more...] about Ether, Altcoins Tank, With Bitcoin as Decoupling Narrative Goes Up in Smoke
Opyn’s New ‘Squeeth’ Raises Ether Trading to the Power of Two
Say a trader purchases $1,000 worth of the Squeeth tokens. If the price of ether triples from $3,000 to $9,000, the Squeeth would go up triple-squared, or 9-fold – to $9,000 in this example. On the contrary, if ether halves to $1,500, Squeeth will see a less-than-linear decline, as represented by the curved payoff line below: Source link … [Read more...] about Opyn’s New ‘Squeeth’ Raises Ether Trading to the Power of Two
Crypto.com’s Stolen Ether Being Laundered Via Tornado Cash
The $15 million in ether (4,600 ETH) stolen from Singapore-based Crypto.com is currently being laundered via Tornado Cash, an Ethereum Mixer, according to on-chain data.Tornado Cash is a ETH mixer protocol that promises to improve transaction privacy by obscuring the on-chain link between the source and recipient of ether.The protocol launched in early 2020.On-chain data first … [Read more...] about Crypto.com’s Stolen Ether Being Laundered Via Tornado Cash
What Is Ether? A Quick Guide to What Ether Is
Five ether are created roughly every 12 seconds. But beyond that, the rules for ether’s economy are open-ended and frequently change as new improvement proposals are agreed upon by the Ethereum developer community. While bitcoin has a hard cap of 21 million bitcoins, Ethereum's main token does not have a set max supply limit. Source link … [Read more...] about What Is Ether? A Quick Guide to What Ether Is