ETH Could See Massive Surge of Users as GameStop Launches NFT Platform

American video game retailer GameStop has undertaken a significant transformation strategy. The company made waves in January after the WallStreetBets subreddit group coordinated a legendary short squeeze. Moreover, the effort managed to bankrupt some Wall Street giants. Subsequently, GameStop’s meme stock rose to the moon. The gaming retailer has since welcomed a new CEO, Chewy founder Ryan Cohen. Mr. Cohen sees the potential for GameStop to become the Amazon of gaming. The CEO is on a mission to revitalize GameStop’s image from a…

Ethereum Bug on Its Old Client Geth Leads to A Fork

Ethereum’s top software client, Geth, suffered an EVM bug attack affecting over half of its older nodes. This attack further led to a split on the chain, forming a fork. According to the report released on Go Ethereum GitHub on Tuesday, Geth v1.10.8 would be the hotfix to deal with the bug attack. As per statistics from Ethernodes, Geth runs approximately 75% of Ethereum nodes. The number makes up for at least 54% of Ethereum nodes affected by the EVM…

ETH Price Declines as Crypto Markets Trace a Bearish Trend

Ethereum was on Thursday 26th, still on a bearish trend which marked its start on 23rd August. The current price actions of ETH could open for an even further price plunge or a possible reversal. Also, Ethereum's price patterns impacted top DeFi coins.  Ethereum Price Analysis Ethereum, the second-largest crypto by market cap, was on Thursday, still on a bearish trend. According to coinmarketcap, ETH lost about 4.18% of its price in 24 hours between 25th and 26th of this…

BTC Treads Around the $50K Barrier as ETH Follows Course Hitting $3.3k

Bitcoin recently made a bullish statement as it breakout past $50k, while ETH also broke out past its resistance level at $3.3K. The two coins seem to be eyeing new ATHs surpassing the analysts' prediction of $100k and $20 for Bitcoin and Ethereum, respectively. Most of the other coins are also benefiting vastly from bitcoin's bullish trend.  BTC on an Upsurge On Monday, 23rd August, Bitcoin made a bullish statement when it went past its long-term resistance of $50k for…

ETH Price Roars towards $3K as Radical EIP-1559 Upgrade Goes Live

The ETH price logged an impressive rebound towards $3K on August 5 after the much-awaited EIP-1559 software upgrade to the Ethereum blockchain debuted. The network adjustment, which is part of a broader move toward ETH 2.0, swiftly countered the downtrend seen in recent days as optimism from traders poured in.  The supply-focused update sparked a sudden burst of enthusiasm amongst investors that pumped the ETH price 8% to highs of $2,820. The momentum also propelled the biggest ETH rivals, BNB…

Crypto Market Gains $300B as Institutional Investors Re-enter the Market

The BTC price began a fresh increase on Friday and broke the $39K resistance level after remaining well bid at the $38,200 support zone. The world's first digital asset has seen a return to volatility over the past two weeks amid a market recovery that saw the combined market cap of cryptocurrencies lose and then gain approximately $300 billion.  The flagship crypto formed a high near $40,920 but parried gains as bulls struggled to gain momentum above the psychological $40K…

BTC Price Nearly Tops $40k as Massive Short Liquidations Fuel Rally

The BTC price surged 15% on Monday, rising from the $34.5K level to hit highs of $39,681. Although the bulls are yet to break above the $40K resistance, market participants who have endured months of muted price action now have renewed hope that the bull market is still on. The week is off to an excellent start for bulls, who managed to propel the BTC price to levels not seen since June 16. The uptick kicked off slowly in the…

The ETH Price Rockets Past $2K After Elon Musk Comments

Tech billionaire and Tesla CEO Elon Musk gave ETH bull the impetus they needed to surmount the $2K hurdle by revealing that he holds large amounts of the altcoin. He also confirmed that he personally owns bitcoin and Dogecoin. Musk was speaking at the B-Word cryptocurrency conference held on July 21, which featured other big names such as Twitter CEO Jack Dorsey and ARK Investment founder Cathie Wood. The Crypto Council established the forum for Innovation to help demystify bitcoin…

Bitcoin Loses Key Support, While Altcoins Suffer at the Hands of Bears

The BTC price fell below the $31K support level on Monday, a day after the largest Grayscale unlocking event this month.  Lackluster trading saw bitcoin register its lowest weekly close since Dec of 2020, as continued downward pressure led to the BTCUSD pair shedding over 3% of last week's gains. The top cryptocurrency parried almost $2,800 of the gains accumulated last Friday, which saw BTC momentarily trade above $34K. Spot prices on the Bitstamp exchange plummeted to $30,630 at the…

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