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Glossary Of Consumer Finance Terms



A guide to many of the terms used in the consumer finance market.


Acceptance Rate – The percentage of customers that are successful when applying for a loan or credit card. 66% or more applicants must be offered the advertised rate know as the Typical APR (See ‘Typical APR’ below).

Annual Percentage Rate (APR) – The rate of interest payable annually on the loan or credit card balance. This allows potential customers to compare lenders. Under the Consumer Credit Act Lenders are legally required to disclose their APR.

Arrears – Missed payments on a loan, credit card, mortgage or most kinds of debt are termed Arrears. The borrower has a legally binding obligation to settle any arrears as soon as possible.

Arrangement Fee – Generally for the administration costs of setting up a mortgage.


Base Rate – The interest rate set by the Bank of England. This is the rate charged to banks for lending from the Bank of England. The base rate and how it may change in the future has a direct influence on the interest rate a bank may charge the consumer on a loan or mortgage.

Business Loans – A loan specifically for a business and generally based on the businesses past and likely future performance.


Car Loan – A loan specifically for the purchase of a car.

Consumer Credit Association (CCA) – Represents most businesses in the consumer credit industry. Government, local authorities, financial bodies, finance focused media and consumer groups are all members. Members sign a constitution and must follow a code of practice and business conduct.

County Court Judgement (CCJ) – A CCJ can be issued by a County Court to an individual that has failed to settle outstanding debts. A CCJ will adversely affect the credit record of an individual and can possibly result in them being refused credit. A CCJ will stay on a credit record for 6 years. It is possible to avoid this major negative stain on your credit record by settling the CCJ in full within one month of receiving it, in this case no details of the CCJ will be stored on your credit record.

Credit Crunch – A situation where Lenders cut back on their lending simultaneously usually down to a shared fear that borrowers will not be able to repay their debts.

Credit File – Information stored by credit reference agencies, such as Experian, Equifax and CallCredit, on an individuals credit and borrowing arrangements. The Credit File is checked when Lenders consider a credit application.

Credit Reference Agencies – Companies that keep records of individuals credit and borrowing arrangements, amounts owed, with who and payments made, including any defaults, CCJ’s, arrears etc.

Credit Search – The general search undertaken by the Lender with the credit reference agencies.


Debt C0nsolidation – The transfer of multiple debts to a single debt via a loan or credit card.

Default – When a regular debt repayment is missed. A default will be recorded on an individuals credit record and will adversely affect the chance of success of any future credit applications.

Data Protection Act – An act of Parliament in 1998 and the main legislation that governs the use of personal data in the UK. Lenders are not allowed to share an individuals personal data directly with other institutions or companies.


Early Redemption Charge – A fee charged by Lenders if a borrower pays back their debt before the debts agreed term is reached.

Equity – The value a property has beyond any loan, mortgage or other debt held upon it. The amount of money an individual will receive if they sold their property and repaid the debt on the property in full.


Financial Conduct Authority (FCA) – The government appointed institution responsible for regulating the finance market.

First Charge – The mortgage on a property. A Lender who has first charge on a property will take priority for repayment of their mortgage or loan from the funds available after the sale of a property.

Fixed Rate – An interest rate that will not change.


Homeowner Loan – Also commonly known as a secured loan. A Homeowner Loan is only available to individuals that own their own home. The loan will be secured against the value of the property usually on the form of a second charge on the property.


Instalment Loans – Multiple loan repayments spread over a period. Depending on the Lender their may be flexibility in the repayment amounts and schedule.


Joint Application – A loan or other credit application made by a couple rather than a single person e.g. husband and wife.


Lender – The company providing the loan or mortgage.

Loan Purpose – The purpose for which the loan was acquired.

Loan Term – The period of time over which the loan will be repaid.

Loan To Value (LTV) – Generally associated with a mortgage and taking the form of a percentage. This is the loan amount in relation to the full value of the property. e.g. an individual may be offered a mortgage of 90% LTV on a property worth £100,000. In this case the offer would be £90,000.


Monthly Repayments – The monthly payments made to settle a loan including any interest.

Mortgage – A loan taken specifically to finance the purchase of a property in most cases a home. The property is offered as security to the Lender.


Online Loans – Although most loans are available online. The Internet has allowed for the development of technology that allows for the faster processing of a loan application than traditional methods. In some cases a loan application, agreement and the funds appearing in your account can take as little as 15 minutes or less.


Payday Loan – A short term cash advance of up to 31 days which is repayable on your next payday. Payday loans come with a high APR because of the shorter term of the loan.

Payment Protection Insurance (PPI) – Insurance to cover debt repayments should the borrower be unable to maintain their repayments for any number of reasons including redundancy, illness or an accident.

Personal Loans – A general loan for any purpose and in varying amounts that can be provided to an individual based up on their credit history.

Price For Risk – Lenders now have a range of interest rates that are chosen based on an individuals credit score. An individual with a poor credit score is deemed High Risk and will likely be offered a higher interest rate as the Lender factors in the possibility of them defaulting on their repayments. Conversely an individual with a high credit score and a good credit history is considered Low Risk and will be offered a lower rate of interest.


Qualifying Criteria – The eligibility requirements required by the Lender. The most basic criteria required to qualify for a loan in the UK are; permanent UK residency, age 18 or over and a regular income. Many Lenders may also include extra lending conditions.


Regulated – financial ‘products’ that are overseen by the Financial Conduct Authority (FCA). Lenders must follow a code of conduct and individuals are protected by the Financial Services Compensation Scheme (FSCS).

Repayment Schedule – The time period over which a loan will be repaid and the details of the loan repayment amounts.


Second Charge – A second loan, in addition to any other loan, that is secured against an individuals property.

Secured Loan – Also commonly known as a Homeownr Loan. A secured loan is only available to to homeowners. The loan amount is secured against the value of the property. The Lender has the right to repossess your property should you fail to maintain the loan repayments.

Shared Ownership – An agreement in which an individual owns only a percentage of the property. The remaining percentage is owned by a third party often a housing association. The individual may have a mortgage on the part of the property they own and pay rent on the part of the property they do not own.


Total Amount Repayable – The total amount of the loan plus the interest and any applicable fees.

Typical APR – The advertised interest rate that is offered to a minimum of 66% of successful loan applicants.


Underwriting – The process of verifying data and approving a loan.

Unregulated – Not covered and regulated by the Financial Conduct Authority (FCA).

Unsecured Loan – A loan that does not require collateral and is provided on ‘good faith’. Under the belief by the Lender that you can repay the loan based on your credit score, credit history and financial standing amongst other factors.


Variable Rate – An interest rate that will change during the loan repayment period.


Top Gainers in Last 7 Days: CELO, AVAX, ATOM



Top Gainers in Last 7 Days: CELO, AVAX, ATOM
  • Top gainers in the last 7 days are CELO, AVAX, ATOM.
  • The global payment infrastructure for cryptocurrencies is Celo.
  • Cosmos network uses a proof-of-stake consensus mechanism. 

The top cryptocurrency gainers in the last 7 days are Celo (CELO), Avalanche (AVAX), and Cosmos (ATOM)

1. Celo (CELO)

The first top gainer in the last 7 days is Celo (CELO). The global payment infrastructure for cryptocurrencies is Celo. It is a blockchain platform, Celo aims to increase the adoption of a cryptocurrency over the users of smartphones. Furthermore, Celo can support the growth of decentralized applications (DApps) on its blockchain ecosystem. Automatically Celo blockchain calculates transaction fees, also enables users to pays the transaction fees which power transactions in any of the currencies.

According to CoinMarketCap, CELO’s price is trading at $6.85 with a 24-hour trading volume of $350,920,675. In the last 7 days CELO gained 32.14%, and it in last 24 hour it have surged over 12%.

2. Avalanche (AVAX)

In the blockchain platform, Avalanche is the fastest smart contract. The Avalanche network native token is AVAX. The platform is built to secure many projects. Avalanche has grabbed the interest as a network application developed for non-fungible tokens (NFT) and decentralized finance.

At the time of writing Avalanche’s (AVAX) price was surging more than 24% in the last seven days. According to CoinMarketCap, AVAX’s price was trading at $74.90% with the 24-hour trading volume of $2,751,648,542, and price was increased 0ver 22% within one day.

3. Cosmos (ATOM)

Cosmos powers on a blockchain ecosystem, which developed to scale and interoperate with each other. The idea behind Cosmos is to enable faster and cheaper decentralized applications (DApps). The biggest goal of Cosmos (ATOM) is to make sure that its infrastructure is straightforward to use. The network uses a proof-of-stake consensus mechanism. ATOM can be traded in crypto exchanges such as Binance, Coinbase, and OKEx.

As per CoinMarketCap, ATOM’s price is waving at $39 with a 24-hour trading volume of $3,071,435,219. In the last 7 days, ATOM price surged over 19.68% and in the last 24 hours it has  increased 22.72%

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Bitcoin Futures Bull Div Could Offer Crystal Ball Into Next Leg Up



bitcoin futures crystal ball

The Chicago Mercantile Exchange more commonly referred to as CME, offers the de-facto futures contracts for Bitcoin since the end of the last bull market. But could the forward-looking price action also offer a potential glimpse into the future of what’s to come?

If this crystal ball works, the last leg up could be about to begin, and it could start with a simple bullish divergence.

Seeing Into Bitcoin’s Future With CME

CME is the top BTC futures exchange for institutional traders, and often a dominant force in the market. So dominant, that if any gaps are left behind over the weekend on the CME chart after the trading desk goes offline, they often get filled within the next week with a high degree of accuracy.

These sort of breakaway gaps are common with speculative assets like Bitcoin and other cryptocurrencies. Not all such gaps eventually get filled, but their importance is undeniable.

Related Reading | How Futures Traders Could See The Bitcoin Selloff Coming

Recently, the CME chart has begun to diverge ever so slightly from the price action on spot exchanges, enough to take notice. Just recently, a lack of a momentum crossover on the daily timeframe led to a nasty fakeout while CME was offline. The bullish crossover never existed on CME, so there was less bait for institutions to fall for.

Now, the CME futures platform could be offering a potential future look at the next leg up.

CME is showing a bullish divergence and a potential break of momentum | Source: BTCUSDT on

Last Leg Of Bull Run Begins With Flag To $82,000

There is yet another divergence to be seen on the CME BTC futures chart – a bullish divergence on the daily RSI, that closely matches the signal that sent Bitcoin flying last September.

Related Reading | Bitcoin Golden Cross: Everything You Need To Know About The Bullish Signal

A corresponding downtrend on the LMACD – depicting downward momentum – is waiting to be broken. If a similar breakout of momentum is to follow, the final leg up of the bull market could follow.


This potential bull flag has a target of $82,000 | Source: BTCUSDT on

These signals on their own prove very little, and divergences are only confirmed in hindsight. However, the massive bull flag with a target of $82,000 could eventually act as all the proof necessary.

A breakout of the bull flag pattern still could come with several retests of the top trend line, so more sideways is possible before upside ever materializes. Of course, given how extreme the recent selloff was and the still lingering fear due to Evergrande, the recent bounce might not be as bullish as crypto holders would hope.

Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from

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Ethereum Price Prediction — Will ETH Hit $5K Soon?



Ethereum Price Prediction — Will ETH Hit $5K Soon?
  • Bullish ETH price prediction is $4385.
  • ETH price will also reach $5k soon.
  • ETH bearish market price prediction for 2021 is $1690.

In Ethereum (ETH) price prediction 2021, we use statistics, price patterns, RSI, and much other information about ETH to analyze the future movement of the cryptocurrency. 

Ethereum is considered one of the impressive and ever-growing cryptos in the industry. Moreover, the price of ETH increased during the 2021 bull run. Do you think ETH is potential crypto? Will the ETH price hit $5K soon? Let us find out in this price prediction article. Before this, let us look into ‘What is Ethereum’.

What is Ethereum (ETH) ?

Ethereum is the second biggest cryptocurrency in the world which is an attraction for millions of investors. It is a building block of a large community with blockchain technology which is the superpower for the entire crypto assets. Besides, ETH is an open space network providing access to all digital users through data-friendly services. 

Moreover, Etherum is a technology that helps anyone to transact cryptocurrencies as it is a peer-to-peer network. Notably, ETH is recognized as the world’s programmable blockchain serving unique applications for users. In addition, Ethereum is a platform where users can enjoy payment services without any third parties like banks or financial providers. But then the users are guided to have a wallet to be a part of the ETH network. 

Additionally, Ethereum is popping to be the prime in developing innovative features and products for best user experiences. Also, ETH is not only for payments, it is a wide marketplace for financial institutes, gaming services, and digital applications. Along with its creative services, it provides super security to the data being stored and retrieved.

ETH Current Market Status

According to Coingecko, the price of ETH is $3110.23 with a 24-hour trading volume of $22,553,472,744 at the time of writing. However, ETH has increased to 2.5% in the last 24 hours.

Moreover, ETH has a circulating supply of 117,643,601 ETH. Currently, ETH trades in cryptocurrency exchanges such as Binance, Mandala Exchange, Huobi Global, OKEx, and FTX.

Factors Influencing ETH Price

When it comes to the price factor of Ethereum (ETH), each and every day gives rise to a new prominent reason for its spiking up. True to the fact that ETH is constantly in evolution with respect to profuse developments constantly. Amidst this, there are many factors responsible for a direct influence upon the price of ETH. 

-The Mining 

ETH is one of the few cryptos that could be mined evidently. In spite of this, the mining profitability of ETH is one important factor. Upon mining of ETH, the miners have the potential to hold up their mined ETH till the prices rise up and sell them at profits. 

Moreover, profuse mining at the same time leads to lesser mining profitability. Therefore, over mining at the same time also affects the price of ETH profusely. 

-The Coin Burns

It’s a well-known fact that the ETH is a deflationary token. And so, the ETH platform usually conducts their coin burns periodically. This is done in order to create an insufficiency in the supply of ETH , which directly leads to rise in its price. Most crypto enthusiasts know that once ETH starts its burn, the price of ETH is said to reflect rising up the next few days. 

-The Blockchain Entities

This is the foremost and one of the major reasons for the standard growth of ETH. The ETH is backed up by its prolific blockchain platform, which is open to almost all the entities of a blockchain. These entities are the non-fungible token (NFT), the Decentralized Finance (DeFi), Decentralized Applications (DApps), blockchain-gamings and so on. In spite of all this, as the market values of the NFT platforms, DeFi platforms, DApps market, blockchain-gaming market all rise up, this will directly impact the price of the ETH, making it spike up in fulsome. 

-Blockchain Innovations and Developments

This factor is obviously necessary for each and every blockchain-based crypto in the industry. Coming out and releasing a profuse blockchain platform alone wouldn’t make the platform stable over time. Constant research, development, and innovations with respect to ease of use, efficiency, lower prices, and higher transaction speeds are the key elements towards the future of a blockchain platform.

In such terms, the ETH platform’s latest London hard fork, aka EIP-1559 has energized the ETH blockchain platform evidently, such that the results could be seen in its recent price surges towards the $3,500 price range. 

Moreover, the much-awaited ETH 2.0 which is yet to be launched, is expected to drive the ETH to the foremost peaks it has ever seen so far!

Successful Completion of London Hard Fork

Ethereum’s developers issued an update to address the issues. The cryptocurrency market has benefited from the London upgrade. Investors appear pleased since it increased network cost transparency. Experts say the newest Ethereum development upgrades may end Bitcoin’s supremacy.

The Ethereum London Hard Fork update proposes five changes. One is EIP-1559. It aims to speed up and incentivize Ether mining. Unlike Bitcoin, mining Ether coins have no limit, making it an inflationary cryptocurrency.

The London update has allowed the Ethereum network to process many more transactions per second. It will assist with scalability and reduce transaction costs, a major gripe of small investors and frequent traders.

The EIP-1559 update also reduces the amount of Ether currency in circulation. Assuming demand stays steady, this may result in higher pricing.

A hard fork occurs when the majority of a cryptocurrency’s developer, miner, and investor community decides to alter the underlying technology’s basic rules.

Prices will increase as demand rises. It’s believed by many that the new update has given Ethereum the firepower to rival Bitcoin.

The existing Ethereum mainnet will “merge” with the proof-of-stake Beacon Chain shortly, officially ending Ethereum’s proof-of-work. This must happen after the network’s shard chain deployment, but not this year. Simultaneously, ETH 2.0 researchers are working to speed up the process.

The Ethereum London hard fork just landed, and it’s giving ETH supporters new hope for 2.0. Co-founder Vitalik praised the upgrade and termed it as a success.

Buterin said that while speaking to Bloomberg:

“EIP-1559 is definitely the most important part of London.”

This has given him greater confidence for the impending ETH 2.0 chain merging, he added.

After the merge, the new mainnet may operate smart contacts on PoS. This will eliminate mining activities. It may also save 99 percent of the network’s electricity consumption. Of course, a less power-hungry, less expensive Ethereum delights almost everyone in the blockchain world. 

Upcoming Shanghai Hard Fork

The crypto business is quickly developing, and significant improvements are imminent. This year, Ethereum’s development team has been hard at work on some interesting new features. Not all upgrades are developed equal.

For example, the London and Berlin forks updated Ethereum by lowering gas costs and increasing data availability for smart contracts. These changes will not be covered in the Shanghai Ethereum Hard Fork!

The event got the name Devcon2 after the city it is taking place in.

However, like Ethereum Protocol Support experts like Tim Beiko, others believe the Shanghai fork will be a regular hard fork with more usual EIP functionalities.

Tim’s tweet read:

The Shanghai Ethereum Hard Fork will merge Ethereum with Ethereum 2.0, creating a new blockchain with quicker transaction times and cheaper costs that can be utilized globally.

EIP-3074 (Ethereum Improvement Proposal) seeks to replace “gas” (a unit for quantifying computing steps on any given network like Ethereum) with an algorithmic gas price known as ETHash utilizing the Pigouvian Taxation model.

It also provides cheap pricing during off-hours, preventing congestion from too many miners attempting to mine blocks at once.

The Shanghai Ethereum Hard Fork will be unlike previous hard forks. For beginners, the Ethereum network will include ETH and a new token called ETH2.

Thus, combining Ethereum with Ethereum 2.0 (creating a new blockchain with quicker transaction times and cheaper costs) and EIPs (Ethereum Improvement Proposals) will offer more benefits. If you’ve been following current cryptocurrency news, you’ll know that continuous changes are being made to enhance usability for everyone.

Pros and Cons of ETH

Pros of ETH 

  • Ethereum is the best pair for DeFi as it provides a complete financial freedom to the end-users.
  • Users can gain their private ownership without any over rules from intermediaries.
  • NFTs and Ethereum are the perfect combo which provides digitally unique authorization.
  • NFTs avoid the replica for all Etherum based assets and properties.
  • DAOs smart contracts help ETH users to send and receive funds around the globe without any central authority.
  • Ethereum’s interconnected Dapps empowers the network to create new business models and financial services. 

Cons of ETH

  • The unstableness of the Ethereum blockchain which often undergoes many changes disturbing the structure of the network.
  • Ethereum serves as a multifunctionality feature which increases the possibilities of breakdowns and hackings of the network. 
  • ETH users are migrated to more stable networks due to its very high transaction fees.
  • Ethereum network charges the users even for the failed transactions due to insufficient gas fees. 

Analyst Views on ETH Price 

Ethereum is currently below $3500. Ethereum’s exchange rate showed signs of recovery, but it has now fallen to slightly over $3,000 as per CoinMarketCap.

Concerns for Ethereum include declining support and the fact it is not able to breach the resistance. The crypto market has slowed down, with major currencies losing market share.

However, as observed recently in the crypto market, the price of Bitcoin has increased the price of other currencies. So, if Bitcoin (below $45,000) recovers, Ethereum (around $3000) may follow and reach the $4000 mark soon.

The US Securities and Exchange Commission chairman recently urged crypto CEOs to follow the rules if they want to survive. Despite this warning, Bitcoin and Ethereum have witnessed price increases. Several recent events have contributed to the current price increase.

@TheCryptoLark tweeted about ETH reaching $4000. Famous crypto user Lark Davis wrote:

Similar positive words were also tweeted by Remi_Tetot, who is the co-founder of Real Vision TV. He tweeted about ETH crossing $15k in the next six months. Remi tweeted:

One of the reasons for the rise in Ethereum is the impending update. Ethereum is switching from an energy-intensive PoW (proof-of-work) model to an energy-efficient PoS. This will minimize the environmental effect and attract more money to invest in Ethereum.

Also, Demand for DeFi and NFTs is one of the major drivers of Ethereum rise. Ethereum’s role in DeFi and NFTs is growing, and with the forthcoming upgrade, Ethereum’s price will increase even more. Moreover, Facebook CEO David Marcus told Bloomberg this month that the social network may allow NFTs on its digital wallet, Novi.

Ethereum owns 19.51 percent of the cryptocurrency market. Prices have increased to nearly $4000 since 2013.

With Bitcoin still struggling to reach $50,000, Ethereum has the potential to expand in the market. Ethereum is experiencing its best day since May. Investors may consider investing in Ethereum and make the price reach $4000 sooner than we can anticipate.

Ethereum (ETH) Price Prediction 2021

Ethereum holds the 2nd position on CoinGecko right now. ETH price prediction 2021 explained below with a daily time frame.

The falling wedge pattern is a continuation pattern formed when the price bounces between two converging and descending trendlines. This is a bullish chart formation, but it can also indicate reversal or continuation patterns depending on where it appears in the trend.

Currently, ETH is at $3081.32. After this, ETH would continue to follow the pattern where the price chart would show uptrend. Moreover, the price of ETH will breakout at $3690 and might reach the resistance level to $4045. If the trend reverses, then the price of ETH may fall to $2880.

The support and resistance level of ETH shown in the below chart.

ETH/USDT Support and Resistance Level (Source: Tradingview)

From the above chart, it observed that the following are the resistance and support levels of ETH.

  • Resistance Level 1 – $3445
  • Resistance Level 2 – $4025
  • Resistance Level 3 – $4385
  • Support Level 1 – $2920
  • Support Level 2 – $2440
  • Support Level 3 – $1690

The chart depicts the bullish performance of ETH over the previous month. However, this trend will break out and reach a resistance level at $4385. On the contrary, if the trend reversed then ETH might fall to $1690 presenting a bearish signal.

Ethereum Price Prediction 2021 — RVOL, MA, and RSI

The Relative Volume (RVOL) of ETH is shown in the below chart. RVOL is an indicator that tells traders how the current trading volume has changed over a period of time compared to the previous volume. Currently, ETH’s RVOL is below the cutoff line, indicating weaker participants in the current trend.

More so, the ETH’s Moving Average (MA) shown in the chart above. Currently, ETH is in a bearish state. Notably, the ETH price is below 200 MA (long-term), so it is completely in a bearish state. Therefore, there is a possibility of a reversal trend at any time.

Meanwhile, the relative strength index (RSI) of the ETH is at level 40.53. This means that ETH is in a nearly oversold state. However, a major price reversal may occur in the upcoming days. So, traders need to trade carefully. 

Ethereum Price Prediction 2021 — ADX, RVI

Let us now look at Ethereum’s Average Directional Index (ADX). In particular, ADX helps traders find the strength of a trend rather than its direction. It can also used to determine if the market is changing or if a new trend is starting. Moreover,  ADX is linked to the Directional Movement Index (DMI).

The above chart represents the ADX of Ethereum. Currently, Ethereum lies in the range at 20.63, so it indicates a weak trend. 

From the above chart, it observed the Relative Volatility Index (RVI) of ETH. RVI measures the constant deviation of price changes over a period of time rather than absolute price changes. The RVI is below the 50 level, indicating that the direction of volatility is down. In fact, ETH’s RSI is at the 40.53 level thus confirming a potential sell signal.

Comparison of ETH with BTC, ADA

The below chart shows the price comparison between Ethereum, Bitcoin, and Cardano.

1632418628 336 Ethereum Price Prediction — Will ETH Hit 5K Soon
ETH Vs BTC Vs ADA Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the BTC, ETH and ADA is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and ADA also increases or decreases respectively.


With continuous improvements in the Ethereum network, we can say that 2021 is a good year for Ethereum. For this reason, the bullish price prediction of Ethereum in 2021 is $4045. On the other hand,  the bearish Ethereum price prediction for 2021 is $1690.

Furthermore, with the advancements and upgrades on the ETH ecosystem, the performance of ETH would rise reaching $4385 very soon. But, it might also reach $5K if the investors believe that ETH is a good investment in 2021.


1. What is Ethereum?

Ethereum is a distributed public blockchain network that focuses on running the programming code of any decentralized application (DApp).

2. Where can you purchase ETH?

ETH has listed on many crypto exchanges which include Binance, Mandala Exchange, Huobi Global, OKEx, and FTX.

3. Will ETH reach a new ATH soon?

With the ongoing developments and upgrades within the ETH platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Ethereum?

On May 12, 2021, ETH has reached its new all-time high (ATH) of $4,362.35

5. Whether Ethereum Network is secured?

Ethereum blockchain is secured through the Ethash proof-of-work algorithm, belonging to the Keccack family of hash functions.

6. What is ETH 2.0?

ETH 2.0 refers to the set of interconnected upgrades that will make Ethereu more scalable, more secure, and more sustainable.

7. Is ETH a good investment in 2021?

Ethereum (ETH) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of ETH in the past few months, ETH is considered a good investment in 2021.

8. What is the best Ethereum Wallet?

Some of the best Ethereum Wallets are Trezor One, Metamask, Ledger Nano S, Exodus, Mist.

9. Can Ethereum (ETH) reach 5K?

Ethereum (ETH) is one of the active cryptocurrencies that continue to maintain its Bullish state. Eventually, if this bullish trend continues then Ethereum (ETH) will hit $5K soon.

10. What is the advantage of Ethereum blockchain?

The main advantage of the Ethereum blockchain is high volatility, liquidity, and lower danger of inflation.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Bears Lose Hold On Market As Bitcoin Breaks $44,000, Crypto Market Tops Up $200 Billion



Picture of a bull with green arrows behind it fending off a bear with red arrows behind it

Bitcoin has once again recovered from what looked to be the beginnings of another bear market. The crashes had left the price of the digital asset struggling in the market, putting the bears ahead. With the recent rebound above $44,000, the bulls have obviously wasted no time in taking back control of the market. Wednesday’s fall below $40,000 now looks to be nothing but a blip on the radar.

Fear & Greed Index Breaks Out Of Extreme Fear

The beginning of the week has seen bitcoin suffer an onslaught of price dips. Dropping the value of the digital asset into one-month lows. This inadvertently played out in sentiment surrounding investing in the asset. With the dips, the Fear & Greed Index had slipped into the “Extreme Fear” territory. This prompted sell pressures of varying degrees across digital currencies in the market.

Related Reading | Just 10 Days After El Salvador’s “Bitcoin Day”, President Bukele Confirms 1.1 Million Citizens Have Chivo Wallet

Wednesday marked the lowest point of the bloodbath with bitcoin falling into the $39,600 territory. A dip that was almost immediately followed by small upward corrections pulled the price of the digital asset back into its low $40,000 trading range.

Fear & Greed Index moves out of extreme fear | Source: Fear & Greed Index on

Thursday, on the other hand, has come with better tidings for the digital asset. The early hours of the morning featured a price rebound that added about $1,000 to the asset’s price in a couple of hours. Following this, market sentiment has shifted towards the positive. As of Thursday, the crypto Fear & Greed Index shows that sentiment has now moved out of extreme fear but remains in the fear region with a score of 27.

Bitcoin Shrugs Off The Bears

Bitcoin saw massive long positions liquidated between Monday and Tuesday as the price suffered. This contributed to the further downtrend that was experienced as Wednesday rolled around. The market crashes saw the total crypto market cap once again fall below $2 trillion. But with the recovery in bitcoin and other assets, a $200 billion addition to the market put the total market cap back up above $2 trillion.

Related Reading | Did Bitcoin Really Experience A Flash Crash Down To $5,400?

Bitcoin has now steadily held on to the $43-$44K price range. Holding off the bears long enough for the market to find its footing in preparation for another run-up. With positive sentiment gaining steam in the market, the sell pressure on the market is receding, giving way to more faith in the market.  At the time of writing, bitcoin is trading north of $43K at $43,810.

Bitcoin price chart from

BTC price recovers from Wednesday lows | Source: BTCUSD on
Featured image from BBC, charts from and
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Did The SEC’s Gary Gensler Threaten Crypto And DeFi In The WaPo Interview?



Gary Gensler in the Washington Post

Come on, Gary Gensler didn’t threaten the industry. Of course he didn’t, but… maybe he did? If a mafia boss repeated the exact same words, there would be no doubt. And we’re quoting him verbatim. This is exactly what the Securities Exchange Commission’s  Chairman told The Washington Post. They had Gary Gensler as a guest in their “The Path Forward” series. The host was David Ignatius. They talked about “those five- or six thousand projects” that are “raising money from the public.”

Related Reading | Erik Voorhees: Selling Unregistered Securities is a Made up Crime

Yesterday, we focused on Gary Gensler’s comments about stablecoins and Evergrande. Today, the topic is fighting words… or are they? Read what he had to say and decide for yourself.

Gary Gensler Lures Crypto With Honey And Vinegar

The topic of the day, of course, is, are cryptocurrencies securities? And the head of the Securities Exchange Commission appeals to the exchanges and related platforms instead of aiming at the projects themselves. Interesting strategy. Gary Gensler explains:

“If these tokens–and there’s five- or six thousand different projects–if these tokens have the attributes of an investment contract or a note, or have attributes of equities or bonds. And in essence, one of the core issues is that there are platforms: trading platforms where you can buy and sell these tokens; lending platforms, where you can earn a return on these tokens that have not just dozens of tokens but sometimes hundreds or thousands of tokens. And it’s highly likely that they have on these platforms, securities, investment contracts, or notes or others, that fit the definition of security. Those platforms should come in, they should figure out how to register, be an investment–investor protection remit.”

Well, good luck with that. What will happen if people don’t obey your organization’s mandate, Mr. Gensler?

“I do really fear that we’ll keep bringing these enforcement cases, but there’s going to be a problem. There’s going to be a problem on lending platforms or trading platforms. And frankly, when that happens, I think a lot of people are going to get hurt.”

We’re not saying that Gary Gensler is threatening you. He’s obviously speaking about the risks of unregulated markets. However, “there’s going to be a problem” and “a lot of people are going to get hurt.” That’s what the man said.

The Definition Of Investment Contract

Here, Gensler is speaking directly to host David Ignatius:

“If you, David, ask some of the listeners from this program to give them your money, something of value. And they were relying on you, David, with maybe five or ten other entrepreneurs and computer scientists to build a platform–build a platform, that token and so forth, and they were giving it to you with an anticipation of profits. Our Supreme Court long ago said that’s an investment contract.”

And it’s hard to argue with that. However, it sounds threatening when you mix it with this:

“So, public money has a certain place around the globe. Private monies usually don’t last that long. So, I don’t think there’s a long-term viability for five- or six thousand private forms of money. History tells us otherwise. So, in the meantime, I think it’s worthwhile to have an investor protection regime placed around this.”

The newspapers went with that phrase, “I don’t think there’s a long-term viability for five- or six thousand private forms of money,” for their headlines. The markets tumbled. Some people argued that, in context, the phrase wasn’t that menacing. Maybe, but, if you mix it with something like this:

“And I think at $2 trillion, 5- or 6,000 projects, that it would be better to be inside investor-consumer protection, inside the tax compliance and anti-money laundering and financial stability.”

A crystal clear picture of the SEC’s intentions and politics emerges.

What Does Gary Gensler Think About Bitcoin?

According to the Securities Exchange Commission, Bitcoin is a commodity. Its unique characteristics make it so. Also, there’s Gary Gensler’s reverence for Satoshi Nakamoto and the fact that he taught a cryptocurrencies class at MIT. Because of all that, Bitcoiners seem to feel like they’re exempt from the SEC’s wrath. Are they, though?

When host David Ignatius asked about Bitcoin’s effectiveness as a store of value, Gary Gensler answered:

“I mean, holding a highly volatile asset–bitcoin is that. It’s a digital, scarce, I would even say speculative store of value. To hold appropriate capital, if it’s on a bank’s balance sheet, which seemed to fit into the remit that we’ve had in the past, that there be appropriate shock absorbers against the potential loss.”

That doesn’t sound like a Satoshi Nakamoto fan. Or like he appreciates Bitcoin at all. Flat out, what do you think about Bitcoin as an innovation Mr. Gensler?

“I think it’s been a catalyst for change. Nakamoto-san’s innovation, not only bitcoin as the first sort of one but this whole distributed ledger technology has been a catalyst for change that, around the globe, central banks and the private sector are looking in on how we can enhance our payment systems, and enhancing our payment systems to make them 24 hours a day, 7 days a week, real time, at lower cost.”

He did everything but say “Blockchain, not Bitcoin.” That slogan might’ve been phased out, but apparently, the idea remains. That’s actually what presumed pro-crypto regulator Gary Gensler thinks that Bitcoin brought to the world. A catalyst for the central banks and the private sector to step up their game. Wow.

Related Reading | This Is What Gensler’s Confirmation Could Mean For XRP

BTC price chart for 09/23/2021 on Bitstamp | Source: BTC/USD on

And What’s His Position On Decentralized Lending?

You’re not going to believe what this man thinks about DeFi lending. According to Gary Gensler:

“It’s raising new and interesting innovations around how exchanges work and how even potentially some forms of decentralized lending. We’ve had peer-to-peer lending for 15-20 years, we’ve experimented with it. This is a new type of experiment. So, those, I think, are really interesting innovations challenging the established business models.”

Oh. That’s actually a fair description of the phenomenon. Never mind, then. Carry on.

Featured Image: Screenshoot from video interview | Charts by TradingView

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SaTT Is Set to Pioneer Blockchain-based Advertising As It Unveils Its Social Media Monetization Platform.




Since the record-breaking $7.1 million ICO in 2020, SaTT has been making headlines in the cryptocurrency airwaves as it garners massive support towards the actualization of its long-term goal. SaTT, short for Smart Advertising Transaction Token, was launched by Atayen, Inc. with a mission to revolutionize the advertising landscape.

Coming up is an important milestone in the SaTT roadmap as the project is set to unveil the concept of Advertising Pools, or Ad Pools, this will launch alongside social network farming, which will ultimately allow companies and organizations to reward creators more transparently. Commenting on the significance of the upcoming launch, Atayen had stated that:

“To showcase proof-of-concept for the technology, Atayen is offering the first Ad Pool on YouTube for interested early adopters, entitled Proof Of Concept: YouTube Challenge. Throughout the process, Crypto YouTubers can discover the advantages of SaTT firsthand and earn the SaTT cryptocurrency with their YouTube channels.”

Upon launch, the Ad Pool will debut with a total of 100 million SaTT tokens which will be targeted at achieving a total of 5 million views. Creators will be required to meet some predefined performance-based requirements set by the firm in order to reach this milestone.

According to Atayen, Ad Pool would allow content creators to earn SaTT automatically through Post Farming, which requires them to attain a certain number of views, likes, or retweets. The SaTT token will be rewarded to creators once the prerequisites are completed, and the balance will be transferred.

As a blockchain-based advertising platform, powered by smart contract technology, all transactions will be fully automated without the presence of a  “middleman”, thereby decoupling the challenge of lack of transparency that has bewildered the traditional advertising landscape.

SaTT, A pioneer of Blockchain-based Advertising

SaTT has shown to be effective in assisting content producers in receiving fair compensation that is proportional to the number of views and interactions on their work. They are saddled with their basic responsibility in developing the best advertising solution for all parties involved, which is otherwise absent on many other prominent platforms like YouTube and traditional advertising platforms.

Taking into cognizance the lack of transparency and inefficient advertising metrics in the traditional advertising landscape, the SaTT platform committed to maintaining a fair and transparent connection between advertisers and business brands, which will ultimately eradicate fraud. Assuring that advertisers are compensated based on the efficacy of their advertising rather than for monthly subscriptions with no added value.

With the help of decentralized smart contract oracle, SaTT connects advertisers to publishers (social media influencers) together, allowing publishers to create content via these social media channels and in turn get paid for their effort based on the level of engagement derived (number of views, shares, likes, comments of the publication). The YouTube Proof of Concept which is set to launch in a few weeks will set the tune for SaTT to achieve its needed objectives.

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NFTs are Helping to Save the Environment



Next Earth

In the last decade, there has been a growing awareness of the importance of sustainability, both locally and globally. The current growth in technology has made it possible to do more with less, which has led to the rapid expansion of the global population while at the same time causing unprecedented destruction of our natural resources.

We also have an unprecedented understanding of climate change and its effects on our world. As a result, many people are seeking ways to live more sustainably, both personally and professionally.

Protecting the Rainforest

The Amazon Rainforest is in trouble. In fact, it’s in very big trouble.

In the last few decades, nearly a fifth of the Amazon has been deforested and converted to agricultural land for purposes like soybean farming and cattle ranching. Deforestation is the leading cause of Brazil’s greenhouse gas emissions. Globally, tropical deforestation causes around 20% of annual greenhouse gas emissions.

The rainforest covers 5.5 million square kilometers (2.1 million square miles), or 40% of South America’s area. It stores an estimated 120 billion metric tons of carbon — equivalent to 10 times the carbon humans release into the atmosphere each year. Yet, humanity is still actively destroying one of the keys to life.

Amazon Watch is a leading environmental organization fighting the degradation of the Amazon. This is one of the initiatives supported by Next Earth, the project selling NFT tiles from a digital replica of Earth. With each NFT purchase, 10% is allocated to environmental organizations like Amazon Watch.

Cleaning the Oceans

Our oceans are in crisis. The rapid degradation of the environment is putting marine life in danger, and many experts believe that we may be reaching a point of no return.

As the world’s population grows ever larger and more industrialized, it has put an increasing strain on our natural resources. With over three-quarters of fish stocks fully exploited or over-exploited, and it’s expected that by 2050 there with more plastic than fish in the oceans by weight, there are serious concerns about what this means for the future of our ecosystem.

The solution to this problem is not as simple as banning plastics – although that would certainly help – it will take a major overhaul of how we live our lives to change consumer behavior. But perhaps technology can play a part too?

The Ocean Cleanup is one initiative aiming to remove plastic waste from our oceans. As with Amazon Watch, an allocation of NFT purchases on Next Earth are donated to this environmental group.

Innovative companies like Next Earth have come up with solutions that make us rethink how we consume digital content; from virtual real estate, and soon to land art, which can be bought and sold as NFTs.

These NFTs allow people to express themselves by owning unique assets, rather than just being “branded” users on social media platforms or having their data tracked online. This allows them greater control over how they present themselves online, which has obvious benefits for society beyond just looking cool: freedom from conformity improves mental health.

Ultimately, NFTs are powerful in many ways: As tools for creative self-expression, and also as ways to support your famous environmental initiatives, from cleaning up plastic in the oceans to saving our precious rainforests.


Photo by Shai Pal on Unsplash
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Scammers Alert: BTC Scammers Loot $69K Via Fake iPhone13 Event



Scammers Alert: BTC Scammers Loot $69K Via Fake iPhone13 Event