By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Their thinking is contrary to other market observers, who believe a mass-sell-off following the “hard fork” will send prices downward.Publish at: April 12, 2023 at 12:11PM
Crypto Analysts Split on Ether Market Trends After Ethereum’s Shanghai Upgrade
Glassnode Estimates $300M Ether May be Sold After Shanghai Upgrade
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Two major Ethereum network upgrades that are expected to occur simultaneously on April 12 will allow investors to withdraw their ether staked on the Ethereum blockchain.Publish at: April 12, 2023 at 12:06PM
As Bitcoin Open Interest Surges to Highest Level Since FTX Crash Trading Firm Sees Bullish Signs
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Bitcoin open interest across crypto derivative exchanges has surged to $10 billion, a five-month high after leveraged subsided in the wake of FTX’s collapse in November.Publish at: April 12, 2023 at 12:04PM
Ethereum’s Shanghai Upgrade on Deck; Developers, Traders Aflutter With Anticipation
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Developers and crypto market analysts are getting in their final words before staked ETH withdrawals are activated.Publish at: April 12, 2023 at 12:00PM
Here is What Analysts Are Saying About the Ethereum Blockchain’s Shanghai Upgrade
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Analysts differ on the amount of ether (ETH) selling pressure that could result from the Ethereum blockchain’s Shanghai upgrade, scheduled for later today. The Shanghai upgrade (aka Shapella), will enable validators to withdraw staked ether and rewards that have been locked up.Publish at: April 12, 2023 at 10:58AM
China’s ‘Credit Impulse’ Is Picking Up. Here’s Why It Matters to Bitcoin
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Previous instances of renewed upticks in China’s credit impulse portended major bullish trends in bitcoin.Publish at: April 12, 2023 at 10:08AM
U.S. Banking Crisis May be Vindication for Crypto Ecosystem: JPMorgan
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Bitcoin rallied in tandem with gold as they are both viewed as hedges to a catastrophic scenario, the report said.Publish at: April 12, 2023 at 10:04AM
EU-Funded Report Calls for Crypto ID Checks, Police Training to Combat Darknet Markets
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Law enforcement can learn how to track illicit activity, but outright crypto bans aren’t effective, a report commissioned by the EU’s monitoring body for drugs concluded.Publish at: April 12, 2023 at 09:48AM
FTX Will Receive All of Ren Protocol’s Pegged Assets, Including Bitcoin and Dogecoin
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data FTX’s sister company Alameda Research had previously acquired Ren to provide long-term funding before shutting down.Publish at: April 12, 2023 at 08:08AM
Ethereum’s Shanghai Upgrade Only a Small Step Forward: Bank of America
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The blockchain’s likely inability to increase throughput in the short term and increasing competition from alternative networks will constrain its adoption and usage, the report said.Publish at: April 12, 2023 at 07:48AM
