In the latest crypto news, we have the digital currency wallet named Abra, which recently added support for Ethereum and its native token, ETH. As an official blog post on the website published on March 12, users are now able to receive, hold, sell and buy ETH directly from Abra’s wallet – and use the altcoin as a bridge to invest in other Abra-listed crypto and fiat currencies.
There are over 30 cryptocurrencies and more than 50 fiat currencies listed on Abra now, including the recently-listed BIT10 Index token by Abra which tracks the ten largest cryptocurrencies by market capitalization.
As the post outlines, Abra had only supported Ethereum as a so-called “synthetic asset” or an investment mechanism that creates crypto-collateralized contracts so that users could gain exposure to the altcoin and its price movements – without holding the coin itself.
The CEO of Abra, Bill Barhydt, gave a statement in which he said that the Ethereum support “sets the stage for Abra to launch the native ERC-20 support” and specifically a whole bunch of ERC20-based stablecoins that “everyone is excited about.”
Barhydt has also said that even as the Abra wallet gains traction as another popular investment platform, the company is yet to conquer the crypto sphere by enabling consumer cross-border payments and remittance services at scale.
In February 2019, Barhydt also expressed his beliefs about private – or permissioned – blockchain networks and their potential to “fail miserably” comparing them with the (now-defunct) concept of the private extranet which was popular in the 1990s and in a similar way restricted access to an authorized set of users.
Cryptopia Hackers Are Moving The Funds In At Least Four Wallets
“Despite the efforts of management to reduce cost and return the business to profitability, it was decided the appointment of liquidators was, in the best interests of customers, staff and other stakeholders. […] Given the complexities involved we expect the investigation to take months rather than weeks.”As the new analysis by CoinFirm notes, the hackers are moving the cash into separate wallets including the two CoinDesk which found that were directly connected to Huobi. “The Cryptopia hacker moved 30,790 ETH (~$7.67M) from the last red address to the yellow one which is a new address of the hacker as of May 20, 2019 at 01:43:57 AM +UTC. The yellow address still has got 29,770 ETH,” said CoinFirm’s Grant Blaisdell in a statement that went viral in the coming altcoin news. Two other addresses were also reported by many best cryptocurrency news sites - showing that they received a combined 1010 ETH while another 10 ETH landed in what appears to be a Huobi deposit address and a Huobi hot wallet. This means that the Cryptopia hackers are preparing to pull cash out through these exchanges. Even though there is no telling what is exactly happening to this Ether as it moves from one wallet to another, it is certain that the $16 million is not going to sit still for long.
Ethereum Price Analysis: ETH Is Weak But Could Start Upswing Soon
Ethereum Possession: 376 People Own 33% Of All ETH
“These preliminary findings are consistent with the literature on stock market prices and volatility,” the report on Ethereum possession concluded. “Academics have found that large anomalous fluctuations in traded volumes of particular stocks, notably the S&P 500, tend to impact volatility and not price levels.”
Ethereum (ETH) Price Surges By 9% Following The BTC Rally
“After breaking the much anticipated 6000 level BTC still looks amazing. Trend, momentum and sentiment are all clearly bullish. That said it’s at resistance and a pullback would make sense. I’d much rather be a buyer at support than a seller at resistance.’’The best cryptocurrency news sites reported on the sentiment around bitcoin and the rest of the crypto market. It seems that the community is generally optimistic. The analysts can predict that the major cryptocurrencies will sustain the momentum in the medium term just as the Ethereum (ETH) price managed to do so. The co-founder of Ethereum Joseph Lubin declared back in 2018 that the bottom of the crypto market is here just when the price of the largest cryptocurrency reached $3,150. Lubin stated that the fear is intensifying about the future of crypto and noted:
‘’I am calling the cryptobottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates. What I’ve witnessed among the chattering class the past few weeks in response to ConsenSys 2.0 is a rather typical tune: the alarmed, the eulogistic, and the gleeful.’’Since then, the Etehreum (ETH) price surged by 70 percent year-to-date.
Join us on Facebook
- Most Altcoins Report Moderate Gains, Bitcoin Reaches $8,000
- Initial Exchange Offerings (IEOs) Supported By Bitfinex: Report
- Teen Bitcoin Millionaire: BTC Will Die If 4 Major Issues Are Not Solved
- Cryptopia Hackers Are Moving The Funds In At Least Four Wallets
- IRS Crypto Tax Guidance Is Coming Soon: Official News
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Altcoin News3 days ago
Facebook’s Cryptocurrency Network Launched In Switzerland
Blockchain News4 days ago
Cryptopia Crypto Exchange Might Not Be Able To Refund Its Customers
Regulation5 days ago
Regulating Cryptocurrencies Is Not A Priority: Russian PM
Regulation2 days ago
Crypto Regulation In Japan: The Measures G20 Wants To Impose
Blockchain News4 days ago
Blockchain Bonds Officially Launched By CommBank And World Bank
Bitcoin News3 days ago
European Central Bank: Bitcoin Is Not A Threat But It Needs Monitoring
Litecoin News3 days ago
Litecoin (LTC) Price Analysis: It Needs To Be Above $87 For Bullish Outlook
Altcoin News4 days ago
Biggest Crypto Dump: $32 Billion Wiped Away Overnight