The crypto markets have been pleasant on the market participants as the majority of cryptos are heading towards their pivotal resistance, as soon as Bitcoin ignited a minor bull rally. Additionally, the global crypto market capitalization is also heading toward $900 billion, soaring by nearly 5% in the past 24 hours. Following the star crypto,...Read More
Crypto’s newest narrative is liquid staking, as platforms and tokens have been taking off recently. Ethereum will go through the Shanghai upgrade in March, which releases ETH staked on the Beacon Chain. Industry analysts believe this will be good news for liquid staking protocols as they offer better incentives and yields. As opposed to direct...Read More
Shanghai upgrade’s tentative timeline is set for March 2023, and the Ethereum developers are scaling back and targeting early February to launch its public testnets. The high-profile upgrade seeks to enable validator staking withdrawals. This feature is currently lacking in the Ethereum network, and the devs deem it the highest priority for the first quarter...Read More
Amid the bear market and the fall of FTX, the crypto industry is still struggling to get back on its feet as innovation and technological advancement continue. However, the market has shown signs of improvement in the first week of 2023, with the Ethereum ecosystem leading the way. According to a report by blockchain data...Read More
Bitcoin Price Bitcoin price has been tirelessly working to surge beyond $17,000, which has become a new point of control in recent times. After being stagnant for nearly a month, the volatility has marked its bottom and pushed the long-term holders into a deep loss while short-term holders extract small profits. However, in the upcoming...Read More
2022 saw many crypto-assets lose value, prompting investors to pull their money from the market. During turbulent times, inflows plummeted massively. According to the latest report by CoinShares, the digital asset inflow was recorded at $433 million, the lowest in four years. The last time figures were hovering near the current level was in 2018,...Read More
The Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60% as fears over liquidations mount. The discount to net asset value (NAV) had been between -25% and -35% up until early November when FTX collapsed. It has since plummeted to its lowest-ever level this week. The Ethereum Trust is the firm’s second-largest,...Read More
Ethereum Name Service (ENS) clocked in over 2.2 million domain names in 2022 despite the devastating turmoil in the crypto market. This also represented nearly 80% of all of the domains created since its inception. Data from Dune Analytics revealed that the Ethereum-based distributed domain name service registered more than 2.82 million names as of...Read More
New data suggest that the ecosystem is seeing record network activity. In the last two months, both layers – 1 and 2 – have collectively processed 152 million transactions. However, it is the layer two solutions such as Arbitrum, Optimism, and others that accounted for 58%. On the other hand, Ethereum mainnet transactions were observed...Read More
Glassnode data shows a decrease in the 7-Day MA of bitcoin leaving centralized exchanges with only 986.237 BTC getting withdrawn in the past week or so. The declining outflow could signal that investors have restored some faith in CEXs after the gigantic collapse of FTX. Billions of dollars worth of various digital assets were withdrawn...Read More
DeGods and y00ts – have announced their departure from Solana and revealed that they would be migrating to Ethereum and Polygon. The two top NFT projects on Solana anticipate moving to new chains in the first quarter of 2023, according to their respective updates on Twitter. The duo stated, “The details of the bridge will...Read More
Twitter introduced a new cryptocurrency feature on its platform that allows users to check the current price of bitcoin (BTC) and ether (ETH). The graphics display the logo of the market tracking site Trading View and a link directing to Robinhood. It remains unknown whether those two were somehow involved with the new feature. Twitter’s...Read More
Ray Youssef – founder and CEO of peer-to-peer crypto marketplace Paxful – announced on Wednesday that Ethereum will soon be booted from its marketplace. The CEO argued that the second largest cryptocurrency is working against his company’s mission to free humanity from “economic apartheid.” Paxful’s Problems With Ethereum Per a tweet from Youssef, ETH will...Read More
In a market outlook report published on Dec. 20, Coinbase Institutional stated that the crypto winter will extend well into 2023, especially for altcoins. Company analysts expect digital asset selection will transition towards “higher quality names” like Bitcoin and Ethereum. This is based on several factors, such as sustainable tokenomics, the maturity of respective ecosystems,...Read More
FTX’s collapse has shaken the crypto market to the very core. But this isn’t the first time the space has experienced significant turmoil related to the failure of an exchange. The fall of Mt. Gox, an exchange that oversaw 80% of all Bitcoin trades back in February 2014, did likewise. Its former chief executive officer...Read More
Amid the incessant bear market, whales appear to be waking up from their slumber to move their ETH holdings that were untouched for about four years. According to the blockchain security company Peckshield Alert, large amounts of ETH were transferred on December 18th by two addresses that have remained dormant since October 2018. Dormant ETH Wakes...Read More
Ethereum has been showing significant strength in recent days, causing the price to trade within a decisive pennant pattern. This pattern indicates the possibility of the price rising above $1300 or falling below $1100. Despite a drop in volume, the volatility remains high, suggesting a potential slight price increase in the short term, followed by...Read More
Will Bitcoin Price Make it to $18,500 This Month? The trade setup of the BTC price displays it to be in a decisive phase, where both the possibilities of a notable jump and a minor pullback may be expected. The price may either rise beyond $18,500 to reach $19,000 or else drop hard to test...Read More
The company plans to hire more engineers despite the intense bear market. Aztec Network – a privacy layer 2 chain for Web3 – announced raising $100 million in a Series B financing led by VC giant Andreessen Horowitz (a16z). The funding round also saw participation from A Capital, King River, Variant, SV Angel, Hash Key,...Read More
The crypto space is again bleeding, now with the fresh FUD over the world’s largest exchange Binance. Meanwhile, Bitcoin price is displaying some strength, as Ethereum price has slid down slightly. However, the spotlight was on Binance Coin(BNB) which slumped hard by nearly 20% since the early trading hours. However, the circulating Binance FUD is...Read More
The Ethereum non-custodial wallet – MetaMask – joined forces with the payment provider PayPal to enable customers to purchase and transfer Ethereum (ETH). The service will initially be available only to US users. MetaMask announced on Twitter that its clients will be able to purchase and transfer Ethereum (ETH) via PayPal. The offering will reach...Read More
Ethereum’s price has plateaued for a week with reduced volatility and volume. Ever since the Merger, the ETH price has been trading within a descending trend, forming constant lower highs and lows. The Merge has however failed to induce the required momentum due to which the XRP price remained largely bearish. However, in the meantime,...Read More
Huobi Research, an affiliate of Huobi Global, estimated in its Global Crypto Annual 2022-2023 Report that the prices of bitcoin and ether will start surging after the first quarter of 2023. Until then, they might find a bottom at $15,000 and $1,000, respectively. The company touched upon the FTX’s meltdown, describing it as “one of...Read More
The FTX meltdown may have laid the groundwork for an unprecedented shift in user activity from centralized finance (CeFi) to decentralized finance (DeFi), but the total value locked in the services provided by the latter has taken a serious hit. A new report by Dapp Radar suggested that the non-fungible token (NFT) market has not...Read More
Yet another US politician at the center of crypto industry regulation has changed stances on Ether’s legal classification. Senator Cynthia Lummis (R-WY) revealed Wednesday that she now views the second largest cryptocurrency as a security – not a commodity. Bitcoin is the Only Crypto Commodity: Lummis Lummis expressed her changed view on the asset with...Read More
Binance US – the American branch of the world’s largest crypto exchange – has eliminated all Ether (ETH) spot trading fees just six months after doing the same for Bitcoin (BTC) pairs on the platform. The zero-fee model will expand free trading to the platform’s ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD pairs. In a press release...Read More
Jordan Belfort – the infamous stock broker whose story inspired Martin Scorsese’s film “The Wolf of Wall Street” – thinks the only two cryptocurrencies investors should deal with at the moment are bitcoin (BTC) and ether (ETH). He cautioned people should invest only a small amount of their total portfolio in crypto due to the...Read More
Ethereum infrastructure provider ConsenSys has issued a follow-up statement to its privacy policy update that rattled the MetaMask community last month. The firm clarified that it does, in fact, collect users’ IP addresses and wallet information when they make a MetaMask transaction through Infura – but plans to reduce its retention of such data down...Read More
Ethereum co-founder Vitalik Buterin published a blog post on Monday reviewing the development of various blockchain use-cases over the past several years. With years of experimentation now behind the ecosystem, the developer has narrowed down a list of applications that he personally finds most worthy of attention in crypto. Money: The Most Important App Buterin...Read More
On Dec. 4, Vitalik Buterin responded to a question from a popular community member who said they had grown tired of the scammers and fraudsters in crypto after nine years. Crypto is used primarily as a vehicle for speculation at the moment, and that is where fraudsters thrive. The FTX meltdown was caused by a...Read More
