Author: CoinVira

Bitcoin miners have been making significant moves in the market recently, selling off a large portion of their holdings after a slight surge in Bitcoin’s price. This has raised concerns about potential miner capitulation if the market top begins to slip. At this crucial juncture, Bitcoin miners hold about 9% of the total Bitcoin supply and are increasing their mining capacity despite record-high mining difficulty. Historically, miner capitulation, which occurs when miners exit the market due to low profits, has often signaled local price bottoms during bull markets. The last instance of this was seen on July 5th when Bitcoin…

Crypto investors should take note of Ethereum (ETH) as its price may be gearing up for a significant rally against Bitcoin. A crypto analyst is predicting a potential 180% surge in the ETH/BTC trading pair, suggesting that now might be the right time for investors to consider converting their BTC holdings to Ethereum. Time To Swap Bitcoin For Ethereum The price of Ethereum has been on a significant bearish trend in recent months, leading some analysts to label it as “the ultimate shitshow of this cycle.” Despite the introduction of Spot Ethereum Exchange Traded Funds (ETFs), the market sentiment for…

Visa and Mastercard are facing a substantial settlement in a class action lawsuit over controversial ATM fees paid by US bank customers. The allegations suggest that the payment giants collaborated with major banks like JPMorgan Chase, Wells Fargo, and Bank of America to artificially inflate ATM surcharges. The lawsuit claims that Visa and Mastercard worked with these banks to prevent other ATM payment networks from offering lower domestic fees, thereby limiting competition and forcing consumers to pay higher fees when using non-bank ATMs. This alleged collusion is said to have violated federal antitrust laws aimed at fostering a competitive marketplace.…

Non-fungible tokens (NFTs) have been a hot topic in various industries, including the gaming world. These unique digital assets are stored on blockchain networks, making them verifiably unique and scarce. Unlike cryptocurrencies such as Bitcoin, NFTs cannot be exchanged on a one-to-one basis because each token holds distinct attributes. This characteristic makes NFTs ideal for representing digital collectibles, art, or any item requiring proof of ownership and uniqueness. In the realm of gaming, NFTs are changing the game by revolutionizing ownership models and creating new revenue streams for developers. In traditional gaming, in-game items are owned and controlled by the…

Ethereum (ETH) has seen a 2% increase, now trading at $2,368 in the last 24 hours. Despite this positive movement, Ethereum exchange-traded funds (ETFs) are facing challenges, with outflows totaling $20.14 million. This trend of outflows raises concerns about the future of ETH, especially considering its historical weak performance in the third quarter. The question on everyone’s mind is whether this is a warning sign for Ethereum or if a breakout is on the horizon. Ethereum ETFs have been experiencing massive outflows, with a net outflow of $20.14 million on September 12, as reported by Lookonchain. This marks the second…

Ethereum Co-founder Vitalik Buterin has recently made a significant deposit of 2.27 million USDC and 2,851 ETH (approximately $6.73 million) into the Aave [AAVE] protocol, demonstrating his confidence in the DeFi platform. This move has sparked discussions about the impact of Buterin’s deposit on Aave’s liquidity and the potential price performance of the AAVE token. The question now arises – is Buterin’s deposit a bullish signal for Aave’s future? How Buterin’s deposit impacted Aave’s liquidity: Buterin’s deposit has notably increased Aave’s Total Value Locked (TVL), which currently stands at 8.07 million ETH. Of this amount, 3.12 million ETH has been…

The recent price action of Ethereum has seen a 20% pullback in the past few weeks, with the bulls struggling to maintain levels above $2,700. While there has been a rebound from the lower support zone, the bearish sentiment continues to loom over the token. Analysts predict another 7% to 8% pullback, potentially leading to a 35% upswing if the trade scenario unfolds as expected. Despite the price fluctuations, Ethereum ETFs have seen limited interest from institutional investors, with only $580 million in inflows since their launch. However, there has been some positive movement on the platform, with inflows picking…

Crypto analyst Benjamin Cowen is forecasting a significant Ethereum (ETH) correction before the end of the year. In a recent interview on the Bankless podcast, Cowen shared his insights, suggesting that Ethereum could experience a drop of more than 48% from its current value before rebounding at the beginning of 2025. “My base case right now is that ETH/USD will remain above $2,000 for a little while longer, but it may dip below $2,000 in Q4. However, I foresee a bounce back starting next year,” Cowen explained. However, Cowen also highlighted a potential game-changer that could alter his predictions –…

Two of the biggest payment platforms, PayPal and Venmo, have announced their support for Ethereum Name Service (ENS) domains. This move allows users to simplify their crypto transactions by using ENS domains instead of complex wallet addresses. By integrating ENS into their platforms, PayPal and Venmo users can now simply enter their ENS name when sending cryptocurrency, and the system will automatically resolve it to the correct wallet address. This eliminates the need for copying and pasting lengthy addresses, making transactions more seamless and user-friendly. In addition to ENS integration, a new Address Book feature has been introduced to enhance…

Coinbase, a leading US-based cryptocurrency exchange platform, has recently introduced Coinbase Wrapped Bitcoin (cbBTC), a token backed by Bitcoin (BTC) on the Ethereum (ETH) blockchain. This move allows BTC holders to access decentralized finance (DeFi) applications on both the Base and Ethereum blockchains. According to Coinbase, cbBTC is now live onchain and available for use on various DeFi networks such as Aave, Curve Finance, Compound Finance, Moonwell, and Maple Finance. In a detailed blog post, Coinbase explains how Bitcoin holders can leverage the wrapped version of the cryptocurrency to enhance their DeFi experience. By converting their BTC to cbBTC, users…