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The recent move intitated by Google-owned video content platform YouTube to clamp down on several video contents based on cryptocurrency, especially Bitcoin, and has been greeted with tons of outrages from crypto enthusiasts, especially those who were majorly affected.
Read more: https://newslogical.com/vitalik-buterin-says-we-need-alternatives-to-youtube/
Several analysts have predicted big gains for the number two cryptocurrency by market cap, Ethereum, in the next few months. One even suggested a replay of his 100% surge prediction from early last year, in a tweet on Jan. 1
Last week, analyst Manu Naik pointed out that the ETH/USD 1-day chart was in a falling wedge. These break upside 68% of the time, he said, and $128 is at the lower limit.
The falling wedge is still in play, and we are still at the lower limit. This means that Naik’s prediction of a potential upwards breakout to $240 by mid-January could still be on the cards.
The Wolf of All Streets, analyst Scott Melker, tweeted on New Year’s Eve, that he believes Ether looks better than Bitcoin at the moment.
He followed that up on Jan. 1, with an ETH/BTC chart, highlighting the range that ETH has traded in against BTC since July. The current situation sees ETH rebounding upwards off significant support, putting it in a great position to go higher.
Finally, popular analyst, DonAlt, suggested on Dec. 31, that Ether price could “play the range” until 2021 bouncing between key support and resistance levels of $130 and $268, respectively.
Moreover, on Dec. 1, the trader cited a post last February when he had bought in at just over $100, with a target of $200. “How about we do it again?” he added.
As Cointelegraph reported Dec. 31, if Ether does start to move upwards, it could finally kick off the expected alt-season that never really materialized in 2019.
Basically, if you can prove to the ethereum chain that you made a transaction inside a CBDC system, you can use that to build an automated smart contract dex,” Buterin told Decrypt. Smart contracts are automated pieces of code that run on the Ethereum blockchain and a DEX is a decentralized exchange, where cryptocurrencies are traded between people without a central bank or third party involved.
The altseason is approaching.
Right before the Bitcoin halving, we are going into another push
We have the Major Support/Resistance level at $350-370 and a Huge Rising Channel. The low for ETH was established at $80 in December 2018 and ironically we had the second low (higher low) almost one year after - in December 2019.
Previous swing high is in danger of being reached and when we get there, ETH will start looking even more bullish. The only thing needed is a higher high and there we go!
Now why exactly $800 is the ultimate and most optimistic target as of right now?
Technically speaking, the pattern Ethereum has been developing (still needs confirmation by breaking the prior swing high) has a pretty bold target of $800.
If we break above Major S/R level, next resistance comes at the upper borderline of the channel, which for that moment maybe around 0.618 Fib.
Once that resistance cleared, the way toward $800 will be open.
Ethereum was (and still is) the poster-child for GPU mining. It shoulders a huge symbolic image of cryptocurrency mining. By the 2017 “cryptocurrency mania,” Bitcoin mining was already in the controls of those holding large amounts of powerful ASIC miner. Ethereum, on the other hand, was very profitable to mine and anyone could do it. From gamers with powerful GPU cards, to hobbyists with some money to experiment with, to college students “borrowing” electricity from their dorm rooms, and of course to early-adopting entrepreneurs that invested large amounts into facilities making a killing. Ethereum mining is not only symbolic to all the beneficiaries, but the entire blockchain and cryptocurrency industry: it brought the idea and concept of “mining” mainstream.
Ethereum has already more than doubled in value in 2020, with strong fundamentals and increase in the number of projects being built on the network. Let’s take a look at 5 reasons why Ethereum is winning in 2020.
If I might add, ETH will win in 2021 as well. Offers best solution in industry at the moment.
Vitalik Buterin, co-founder of Ethereum explains how Ethereum 2.0 will launch in 4 main phases including the implementation of proof of stake, data sharding, execution, and scaling solutions.
Ethereum Wallet Address
Bitcoin Wallet Address
There is a possibility that the co-founder of Ethereum (ETH), Vitalik Buterin has contracted coronavirus, considering the fact that some of the participants of the Ethereum Community Conference (EthCC) have tested positive of the highly contagious disease.
A few days ago, Herald Sheets reported that the founder and CEO of TorusLabs, Zhen Yu Yong (Zen) implored the participants of EthCC and ETHLondon to get tested after confirming his status as a COVID19 patient.
According to a recent report, Vitalik Buterin was fully involved in the event. At press time, 8 of the participants are already tested positive, while some results are still awaiting. This puts the Ethereum co-founder at risk of infection.
The volatility in the digital asset industry has been off the charts lately and according to cryptovolatility.net, Ethereum was 4.58 percent volatile, when compared to Bitcoin, at the time of writing. As the token continued to sustain depreciation of -1.17 percent over the past hour, it is accurate to claim that Ethereum was recording major consolidation at a lower price range.
David Hoffman, Mariano Conti, Preston Van Loon, Trent Van Epps, Justin Leroux and Andrew (cyber_hokie) hoped on a livestream with us to talk about a variety of Ethereum topics. We discussed the coronavirus impact on global and crypto markets. Then we hoped in to the current state of Eth2 as well as what's on the horizon. We also talked about crypto narratives and if this is the time for crypto to shine as the world is printing money and finally we wrapped up with some talk about DeFi.
Today ConsenSys Health announced the Stop COVID-19 Virtual Hackathon to start April 13 and run through to May 11. Sponsors of the initiative include Gitcoin, Hyperledger, ConsenSys, One Million Developers and OpenMinded. The first virtual panels by mentors will be available today.
The project brings together three open source communities from Ethereum, Hyperledger and OpenMinded.
“Working together for the first time with a very specific toolset, this interdisciplinary group will rapidly create highly-relevant solutions with the potential to have both immediate- and long-term positive impact,” said Heather Leigh Flannery, Founder and CEO of ConsenSys Health. “The core of our effort is to leverage converging innovations like blockchain, tokenization, zero-knowledge cryptography, and federated machine learning to advance immediate and long-term public health goals while preserving individual privacy.”
Healthcare and life sciences volunteers will mentor developers. The group aims to address many of the issues highlighted in the news. The areas include clinical trials for vaccines, galvanizing supply chains for ventilators, location tracking without compromising privacy and other topics.
The award for first place is $10,000, with second and third place receiving $7,000 and $3,000, respectively.
The panel of judges so far includes ConsenSys founder and CEO Joseph Lubin, Brian Behlendorf, Executive Director of Hyperledger and four executives from ConsenSys Health. ConsenSys Health recently spun out of ConsenSys.
A week ago a few members of Hyperledger including HACERA, IBM and Oracle agreed to collaborate to collate Coronavirus data. And to the surprise of some, U.S. Homeland Security listed blockchain as a critical service in the context of COVID-19.
Unsurprisingly, the testnet version of Ethereum’s much-anticipated 2.0 upgrade has attracted a lot of attention, heralding the arrival of proof-of-stake.
Following its launch on April 18, the number of active validators on the Ethereum 2.0 testnet is closing on 20,000.
The Topaz testnet uses the same configuration planned for Ethereum 2.0’s launch.
Among other things, the network will test the Phase 0 proof-of-stake protocol implementation.
The number of validators on the Ethereum 2.0 testnet has reached almost 20,000 today—just days after the first (genesis) block was successfully mined and validated on April 18.
According to blockchain explorer Etherscan, there are currently 18,491 active validators on the Ethereum 2.0 test network, with an additional 1,136 marked as “pending” at the time of writing.
What is the Ethereum 2.0 testnet?
The Ethereum 2.0 Topaz testnet was launched on April 16 by Prysmatic Labs, an engineering team working on the Ethereum 2.0 technical infrastructure, replacing the previous Sapphire test network.
One of the key goals for Topaz is to test the Phase 0 proof-of-stake (PoS) protocol implementation on Ethereum 2.0, to which the network will eventually transfer from the current computationally-intensive proof-of-work consensus mechanism.