Tag: Ethereum

Ethereum Price Could Drop To $310: Here’s Why

October 5, 2020
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| business

KEY POINTS

  • Ethereum has failed to break the key resistance at $370 and has stayed within $350
  • Bulls were able to protect the $350 level by preventing a drop to $340
  • Failure of these major supports could mean Ethereum would be visiting $310 soon

Ethereum has failed to break the key resistance at $370 and has further drop to $350. Losses due to the decreasing hype surrounding decentralized finance, as well as key technical indicators, are looking to bring Ethereum down to $310 in the short term.

Ethereum closed Sunday at $352 on Coinbase but that’s after failing to break past $370 three days prior. The failure to break is attributed to the news that derivatives exchange BitMEX was charged by both the Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) of failure to implement required anti-money laundering (AML) and know-your-customer (KYC) features. The drop in Bitcoin

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Ethereum: Free Money Is Real

October 1, 2020
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| money

Yesterday I was in shock, today I am wearing my Bitcoin socks. Free money is real.

It is enough to shake my faith in reality that after knowing for the bulk of my life there was no such thing as free money, I just received a chunk. Now it’s actually, totally naive to believe there is no such thing as free money because the vast majority of people in this world get just that. The breadwinners are a small proportion of the modern world and the majority get paid out by them all day, every day. I’ll try not go too “Ayn Rand” on you but when you think of the ratio of dependants to creators of value that the dependants rely on, the ratio is sobering.

But I am programmed not to believe in “free money” and yesterday crypto handed me $1,700 for

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