big news Ethereum Hard Fork

[CryptoRamesh]

   
                                                 Ethereum Hard Fork : Istanbul Network Upgrade Notice


The price of Bitcoin normally falls near CME contract expiry but we observed sideways movement during expiry and downward price movement over the last week. Bitcoin price is trading at around 7,400 usd at the time of writing.

Some analysts claim we are in a Bear Flag but Bulls believe we will test resistance back at 7,800 usd.

Traders should note that during the last 24 hours nearly a billion usd in Bitcoin was moved to cold wallets and 84 million usd in Tether was moved to an exchange. Despite recent bearish sentiment, the above observations suggests that the smart money is buying into the market.


      Ethereum Network Upgrade - Notice of Temporary Suspension of Deposits & Withdrawals

 users

In preparation for Ethereum’s 8th network upgrade, The Istanbul Hard Fork, deposits & withdrawals of ETH and other ERC-20 tokens will be suspended for the following timing :

December 6, 2019 05:00PM (GMT +8)
to
December 9, 2019 10:00AM (GMT +8)

Trading activities will not be affected.

Please do not deposit ETH and ERC-20 tokens during the following timing. We are sorry for the inconvenience caused.

Find out more about the Istanbul Hardfork here : https://consensys.net/blog/news/everything-you-need-to-know-about-the-istanbul-hard-fork/

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[sunsilk]

Traders should note that during the last 24 hours nearly a billion usd in Bitcoin was moved to cold wallets

The said transaction isn't just nearly billion but it's totally a billion transaction and it's more than that. It was around $8.9B or nearly $9B, that's billion in bitcoins within an hour!

Source: Almost $9 Billion of Bitcoin Moved On-Chain in 1 Hour: Record

Ethereum Network Upgrade - Notice of Temporary Suspension of Deposits & Withdrawals

Yep, mostly the exchanges that have pair with Ethereum will temporarily disable all transactions to give way to the said upgrade.