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From Bitcoin’s push to stay above $8K to a comparison between EOS and Cardano, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
A crypto trader says Bitcoin whales are responsible for BTC’s sudden surge back above $8,000, which lifted the overall crypto market by about $12 billion in less than 24 hours.
The popular analyst known as Wolf told his 10,000 followers on Twitter that BTC whales, who were spot buying, triggered FOMO which brought the price of Bitcoin roaring back to life.
Meanwhile, fellow analyst Josh Rager told his crew of 40,000 that recent price action has turned resistance at $7,941 into support. He’s now looking for BTC to break the next line of resistance at around $8,200, which he believes would clear the way toward a sharp rise to nearly $9,000.
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Ethereum
Coinbase is implementing support for Ethereum ENS. The technology allows users to connect easy-to-read, human names to their wallet addresses, making it much easier to send and receive crypto.
For example, users can simply tell Coinbase to send crypto to MikeJames.eth’ instead of ‘0x4gdbe58u82403…”
Ripple and XRP
The latest episode of The Ripple Drop is out.
The new edition looks at Ripple’s network of banks and financial institutions and how XRP can improve upon the current cross-border payment status quo.
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Litecoin
Kraken has expanded its support for Litecoin addresses. The San Francisco-based crypto exchange now supports native SegWit and non-pay to script hash (P2SH) transactions.
EOS and Cardano
Weiss Ratings, a private company that offers market research and analysis on stocks, ETFs, mutual funds and cryptocurrency, says it’s downgrading its technology score for EOS.
The ratings agency says it’s concerned about whether EOS is truly decentralized, and is now looking toward Cardano’s attempt to launch a truly decentralized proof-of-stake blockchain.
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Stellar
Stellar founder Jed McCaleb says the network has officially gained enough support to adopt Protocol 11.
The update is designed to improve network capacity and change the way fees are structured.