Altcoins News

Story: Ethereum Is The Most Preferred Platform Used By Scammers

By Maheen Hernandez

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Unsuspecting patrons have been scammed using Ponzi schemes and other tricks.  A research report from Chain Analysis states that Ethereum is the most commonly used platform…

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A whooping $36 million has been stolen in ETH-based scams in the year 2018.  This amounts to 0.01% in total ETH circulation.

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Chain analysis reports that “More than 2000 ETH addresses have been used to steal more than 40,000 users in the network.”

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Scammers used to be using phishing techniques, ICOs, and Ponzi Schemes.  They have as well changed their Modus Operandi now.

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An analysis of the Ethereum trend chart, reveals that the price of Ethereum has been trending in the ranges of $105 through $110 versus the USD.

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The ETH/USD pair formed a correction in the lower range and later tested the 0.0310BTC support spot.

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The analysis also revealed that at a technical level, the 2-hour chart indicator is set to remain below the midline at the bearish territory.

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There were just a few ranges moving in the ETH/USD range beyond the $106 support area in the early sessions today.

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The ETH pair has been making many attempts to gather the strength beyond $108.00 resistance point.  However, it failed.

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The support has tested the 0.0310BTC position.  There is likely to be a downside extension near 0.0308BTC.

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Infura is one of the back-end infrastructures that can be used to build dapps on the Ethereum Blockchain.  The service is provided by a company called "Consensys.

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There is a straightforward dashboard available for evaluating the metrics of the network providing for a simple tool that can help with whitelisting the smart contracts used by a…

The Currency Analytics

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