Ethereum 2.0 Deposit Contract Release Kicked Back Until November

The Ethereum 2.0 deposit contract is a few weeks away at least, according to Ethereum Foundation researcher Danny Ryan.

Speaking Thursday on the Bankless podcast, Ryan said the deposit contract won’t go live until it receives a thumbs up on an audit of a critical crypto library, BLST, performed by cryptography audit firm NCC Group.

“This library is critical to creating keys, signing messages. Critical, in early phases, [means] that if you use this library, they need to be secure; if you use it to generate your wallets, it needs to have good randomness; and if you are signing your deposits which have a signature associated, it needs to be correct,” Ryan said. “Given that how critical this library is, and given that, if there is a fundamental error in this library we could f*ck some sh*t up in terms of genesis deposits, that is the blocker,” he said.
Ethereum 2.0 core researchers are now expecting the deposit contract – a one-way Ethereum smart contract that holds staked ether (ETH) necessary for securing the new Proof-of-Stake (PoS) network – to be released in early to mid-November pending the audit’s findings, Ryan said.
Ryan said researchers are still eyeing 2020 for the genesis block of the Beacon chain.
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3 Reasons Some Top Traders Expect Bitcoin Price to Hit $15K in Q3 2020

The Bitcoin (BTC) price surpassed $10,000 on Thursday, completing a V-shape recovery from its fall to $3,600 back in March. Traders believe that the rally is just beginning for the top-ranked cryptocurrency by market capitalization as a confluence of positive factors is fueling the uptrend. Purely based on technicals, analysts anticipate the Bitcoin price to rise as high as $15,000 by the third quarter of 2020. Historically, $10,000 acted as a psychological level for BTC price. A clean breakout of such an important price level in a short period of time may lead to a renewed upsurge.
Bitcoin price completed a V-shape recovery to $10,000 as crypto traders expect it to reach $15,000 in Q3 2020.

$14,000 to $15,000 is a strong resistance range

Bitcoin breached a multi-year cycle dating back to December 2017. A further leg up towards $10,500 would confirm the start of a new cycle, possibly creating the foundation of another strong rally.

In 2019, the highest point Bitcoin rose to was $14,000 across major exchanges. In December 2017, both monthly candles also closed at the same level, indicating that $14,000 remains as a key resistance level in the medium-term.

If the Bitcoin price surpasses the $10,500 to $11,000 area or consolidates above $9,500, it would set BTC up to test $14,000. Given the tendency of BTC to overextend in the form a long wick often referred to as a blow-off top, there is a chance that it rises to as high as $15,000.
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