In the midst of Crypto bloodbath, a popular crypto analysts and traders is predicting a bullish outcome for one of the well-known Ethereum (ETH) competitors. An anonymous trader who is known as Guy, a host at Coin Bureau informs his 2.09 million Youtube followers that he is of the opinion that Solana (SOL), a layer-1...Read More
One of the largest derivatives marketplace, Chicago Mercantile Exchange (CME), announced plans to launch options on Ether futures on September 12th, subject to regulatory review. The new product release comes as CME Group recorded 1.8 million Ether futures contracts traded to date. With the highly anticipated Ethereum Merge nearing, Tim McCourt – Global Head of...Read More
Analysts of prominent investment bank JPMorgan believe that Coinbase will be meaningfully benefitted from the upcoming Merge. In a note to the clients on Wednesday, analyst Kenneth Worthington said that the San Francisco-based crypto exchange has taken concrete measures in a bid to maximize the value of ETH staking for its clients. This is expected to...Read More
While Ripple execs claim that the company has been unfairly treated by the SEC, Ethereum frontman Vitalik Buterin hasn’t been exactly silent either. In a fresh jibe, the latter accused the former of throwing Ethereum under the bus as “China-controlled.” The latest feud also started with a discussion of new regulatory changes in Canada with...Read More
Brian Armstrong – CEO of Coinbase – stated on Thursday that he would refuse to censor the Ethereum blockchain using his platform’s concentrated stake in the protocol. If compelled by the government to do so, he’d rather shut down the service. Armstrong made his intentions clear in response to an Ethereum developer’s question concerning the...Read More
Fidelity’s Director Comments On The BTC and ETH Price Bitcoin and the overall cryptocurrency market have experienced a tremendous run-up over the past 45 days since the start of July 2022. In a series of tweets on Friday, Jurrien Timmer, director of Global Macro, in the global asset allocation section of Fidelity Investments, discussed his...Read More
The Merge continues to be one of the most high-profile upgrades in recent times. But the retaliation is strong and has gained many allies. Those opposing keep reiterating their push for Ethereum to undergo a “hard fork” after it transforms into a proof-of-stake (PoS) blockchain next months. Despite this, many protocols are looking to shift...Read More
In his latest blog post, former BitMEX CEO Arthur Hayes broke down how he expects Ethereum traders to react before and after the merge. Based on the technicals of the upgrade, he suspects that Ethereum will rally after a successful transition in September, similarly to how Bitcoin rallies during its periodic halving cycles. The Theory...Read More
Ethereum Name Service (ENS) domains skyrocketed in July as the project witnessed the largest monthly rise in revenue. The total number of registrations has surpassed the whopping two million barrier. Ethereum Name Service, most popularly known as ENS, describes itself as a web3-friendly, decentralized protocol that links complex strings of alphanumeric machine-generated characters to human-friendly...Read More
Coinbase – the largest cryptocurrency exchange in the United States – will temporarily suspend Ethereum-based deposits and withdrawals during September’s “merge” upgrade. The exchange posted a blog post on Tuesday explaining what to expect from both Coinbase and Ethereum following the network’s long-awaited transformation. Ensuring a Smooth Transition Per Coinbase’s announcement, the suspension – which...Read More
Compound Labs has announced the first smart contract deployments for Compound III, which will create a USDC market on Ethereum. The contracts await activation by Compound governance but are now open to review by the community. According to the latest update from Compound’s protocol development log, the deployment brings Compound III “just a governance proposal...Read More
The Ethereum (ETH) blockchain’s potential effects on scaling solutions are being examined by cryptocurrency exchange Coinbase. Layer-2 scaling solutions (L2s), according to a study by Coinbase, may reduce Ethereum’s earnings. The future of L2s may very well be a zero-sum game, with whatever L2 eventually powers the whole Ethereum ecosystem being the one that hosts...Read More
The cryptocurrency price tracker CoinGecko estimated that this year’s decline in the digital asset market had changed the trends in the industry. According to the company’s research, Nigeria has emerged as the most crypto-curious nation across the globe. Other recent reports revealed that Nigerians’ interest in digital currencies is prompted by their limited access to...Read More
The Ethereum upgrade is all the hype these days and is highly anticipated due to the scalability and security it promises. After multiple tests ran successfully, people are hopeful of a smooth launch in September. Ethereum 2.0 is expected to be more energy-efficient and, hence, a planet-friendly network that will allow more transactions and increased...Read More
Ethereum price is soaring high displaying acute strength while the rise in the Bitcoin price is providing a substantial base. Further, while the star crypto remains undisturbed to some extent, the second largest asset may get a chance to propel high. However, the upcoming weekend may turn out to be pivotal as the price is...Read More
On August 10, the Dutch Crime Agency (FIOD) announced the arrest of a 29-year-old developer of Tornado Cash, a cryptocurrency mixer built on the Ethereum network that was sanctioned earlier this month by the U.S. Treasury Department. The U.S. banned Tornado Cash because the platform had a large-scale currency laundering lending potential and helped anonymize...Read More
Ethereum (ETH) Price Analysis The Ethereum price is swinging within an ascending triangle ever since it flipped from the lows a month ago As the final testnet Goerli Testnet went live the ETH price sliced through the crucial resistance and consolidated just above these levels Currently, the price has formed a minute bullish flag which...Read More
The Merge will mark Ethereum’s transition to a proof-of-stake consensus algorithm and is arguably the most significant event in the cryptocurrency industry for 2022. As previously reported, the date for it was set for September 19th, but it appears that it might come sooner than expected. During a call, core developers such as Terence Tsao...Read More
MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC within, worth $3.5 billion, could be used to buy ETH instead. Yet despite what such a conversion could do to boost ETH’s price, Vitalik Buterin said it was a “terrible idea.” Removing Exposure to USDC...Read More
Just days after the US Office of Foreign Assets Control (OFAC) barred American citizens from transacting with Tornado Cash, dYdX has revealed blocking accounts that had previously engaged with the coin mixer. To comply with the new sanctions set by the OFAC, dYdX observed a significant increase in accounts flagged by one of its compliance...Read More
According to the multinational investment bank – JPMorgan Chase & Co. – the main reason for the recent recovery of the cryptocurrency market is the expectation that Ethereum will complete its shift from Proof-of-Work to Proof-of-Stake this year. Bitcoin is currently up by over 35% compared to its lowest level in June, while Ether has...Read More
The Thai-based cryptocurrency exchange – Zipmex – will reportedly enable its customers to partially withdraw some of their Bitcoin and Ether holdings, starting from August 11. The company was one of the worst-hit entities from the bear market in the past several weeks. At the end of July, the platform paused clients’ withdrawals citing volatile...Read More
Crypto and derivatives trading platform BitMEX plans to offer leveraged exposure on ETHPOW – a potential Ethereum chain split that doesn’t actually exist yet. The offering is based on a possible hard fork attempt to retain a proof of work-based Ethereum blockchain after “the merge” in September. The only question is: will it actually launch?...Read More
Matt Corallo – a long-time Bitcoin developer and one of Blockstream’s Co-Founders – thinks BTC maximalists are not helping their favorite cryptocurrency by calling all other digital asset protocols “scams.” Instead, those should respect some altcoins because many have significant use-cases. Over the years, the largest cryptocurrency by market capitalization has amassed numerous individuals as...Read More
The American billionaire investor and owner of the Dallas Mavericks – Mark Cuban – believes Ethereum’s transition from a Proof-of-Work consensus mechanism to Proof-of-Stake could be a double-edged sword. In his view, the investors’ excitement surrounding the move could surpass the actual use-cases of “the Merge” and create a “sell the news” event. Cuban also...Read More
Chainlink said it will not provide support for forked versions of the Ethereum blockchain after the much-anticipated shift from Proof of Work (PoW) to Proof of Stake (PoS), also known as the Merge. However, the Chainlink protocol and services will remain available during and after the Merge. “Users should be aware that forked versions of...Read More
Telstra Ventures – the investing arm of Australian telecommunication giant Telstra – released a health report on three top blockchains, including Bitcoin, Ethereum, and Solana, by studying the extent of participation derived from developers in each ecosystem. With the most number of monthly active contributors, noted the Ventures, Ethereum is the “strongest and largest community”...Read More
Investments targeting the crypto industry reached $30.3B in the first half of the year, more than the whole year combined in 2021, according to Messari’s H1 2022 Fundraising Report. It shows that the market slump in the first six months did not shake investors’ faith in blockchain and crypto technology. Despite the notorious collapses of...Read More
The already challenging shift that the Ethereum blockchain is slated to go through soon, is about to receive a monkey wrench. Ethereum is expected to undergo a major software upgrade called the Merge, as early as September. It is expected that the network will shift from using scores of computers, generally referred to as miners...Read More
Ethereum price is entering the crucial resistance zones in an attempt to close the weekly trade above $1800. As the traders appear to have switched to accumulation mode, the ETH price is expected to range beyond $2000 in the coming weekend. As per Glassnode, the addresses holding 100+ coins have reached a 15-month high of...Read More
