ETH Whale Awakens After 9 Years and Moves Millions
In a remarkable event within the crypto world, an Ethereum whale, whose wallet had been inactive for nearly nine years, suddenly moved coins worth nearly 6 million US dollars. This movement was first reported by the platform Whale Alert on BTC-ECHO. Interestingly, these ethers originated from a time before the official mining start of Ethereum, indicating that they were issued directly by the Ethereum Foundation.
J.P. Morgan Analyst Sees Grim Future for Bitcoin and Other Cryptos
According to the latest analyses by J.P. Morgan, there is little hope for a positive development in the price of Bitcoin and other digital currencies like Ethereum in the near future. As portrayed on Börse Online, Nikolaos Panigirtzoglou identifies several headwinds – including high investor positions and comparatively high prices relative to gold – that could limit the potential for an upswing.
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Ethereum Price Rises Above $3,000 Thanks to Weak US Job Data
Due to disappointing job reports from the USA, the price of Ethereum recently surpassed the $3,000 mark, as reported by Broker Test. The data fueled speculation about possible interest rate cuts, which could make non-interest-bearing investments like crypto more attractive.
Vitalik Buterin Does Not Rely on Hardware Wallets for Security of His Crypto Assets
Despite common recommendations to use hardware wallets for secure storage of digital assets, Vitalik Buterin prefers multi-signature (MultiSig) solutions with decentralized access control management. This detail emerged during a discussion about secure custody methods and was discussed both at BTC-ECHO | Bitcoin & Blockchain since 2014, and atFinanznachrichten.de. He emphasized that he prefers to distribute his keys rather than entrust them to physical devices.
This compilation provides insight into some current developments in the area of cryptocurrencies, once again highlighting their dynamic nature and their close linkage with global economic factors.
