Ethereum (ETH) has dropped mercilessly in the last two weeks, trading below the $1800 mark. However, due to a successful Merge on the Ropsten testnet, favourable on-chain statistics, increased whale holdings, and other positive variables, prices may be able to stabilize at current levels. On June 8, the Ethereum team successfully completed the Merge on...Read More
One of the greatest actors of all time – Sir Anthony Hopkins – said he wants to jump on the non-fungible token bandwagon. As such, he asked for the help of Snoop Dogg, Jimmy Fallon, and Reese Witherspoon, who have some experience in the field. The Latest Celebrity to Join the NFT Craze It seems...Read More
Blockchain data shows that the recent, unintended recipient of 20 million OP tokens from Optimism has sent 1 million of those tokens to Ethereum co-founder Vitalik Buterin. According to Blockchain security firm PeckShield, the exploiter’s network address sent 1,000,000 OP to an address previously established as belonging to Vitalik. The funds are worth about $874,000...Read More
Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Connor Dempsey. Data by Mike Cohen. TLDR: Central Banks and governments responded to the March 2020 COVID market shock with unprecedented interest rate cuts, money printing, and stimulus These easy money policies kicked off a multi-year bull run for equities...Read More
The conflict of interest surrounding which blockchain will host the Apes have imploded after a tumultuous token launch back in March. As many buyers expressed dismay over the much-anticipated virtual land sale by Yuga Labs, a solution of a potential departure from Ethereum was suggested. But more than half of the ApeCoin participants have chosen...Read More
Senator Kirsten Gillibrand – co-author of the landmark crypto regulation bill revealed yesterday – claims that both the SEC and CFTC chairmen agree on Bitcoin and Ether’s status as commodities. However, both she and Senator Cynthia Lummis also agree that most other cryptocurrencies are securities. Ethereum in the Clear Senators Gillibrand and Lummis discussed their...Read More
The Ropsten testnet – Ethereum’s longest-running testnet – implemented the long-awaited “Merge” with the Beacon chain on Wednesday. The upgrade brings Ethereum one step closer to its long-awaited change to a proof of stake consensus mechanism. Ropsten allows for development and testing before changes are implemented on the Ethereum mainnet. “The Merge” will be the...Read More
ADDX, a private market trading platform backed by Singaporean exchanges, will recognize bitcoin, ether, and USDC holdings of investors for granting “accredited investor” status to them. Onboarding of BTC, ETH, USDC However, it will apply a hefty 50% discount on bitcoin and ether and 10% on USDC to calculate their values for the net personal...Read More
PayPal users with Bitcoin and Ethereum held on the platform can now withdraw their holdings to external wallets. This means that PayPal buyers can finally self-custody their coins – a paramount feature for cryptocurrencies. “Starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges,” said the online payment provider...Read More
Crypto network fees and revenue are good indicators of the state of markets. In bull markets, demand is high, and fees and revenue increase, however, the opposite occurs when the bears have control of things. Around half a year into the current bear market cycle, many crypto network revenues have fallen lower than the asset...Read More
Ethereum, the second largest Altcoin is stuck in Rut for a long time. ETH price has crashed more than 60% from its ATH at $4864 dropping to $1703. All though the altcoin surged near $2K multiple times, ETH Price failed to rise above. The second largest Crypto hit $1,724, the lowest level in this cycle....Read More
In the midst of this week’s market turbulence, a crypto trader who is pseudonymously known as Altcoin Sherpa is expressing his view on Ethereum price and other altcoins. Avalanche (AVAX) The analyst informs his 176,300 Followers on twitter that the native currency for smart contract platform Avalanche (AXAX) may see a nice short-term trading option...Read More
Dawn Fitzpatrick – CEO and CIO at Soros Fund Management – doubled down on her pro-crypto stance, predicting the asset class is “here to stay.” She believes that climate impact will play a vital role in the industry, and as such, Ethereum “is likely to gain some more traction than Bitcoin.” Ethereum to Outperform Bitcoin?...Read More
As The Merge is set to occur in August, leading Ethereum developer, Tim Beiko announced on Tuesday that the Ropsten Beacon Chain had been launched as a testnet for Ethereum users. Ropsten will be the first longstanding testnet to run through The Merge, which marks the end of the PoW architecture of Ethereum. A Step...Read More
Ethereum’s failed transaction count soared by another 1.2 million in May alone. That’s up 200,000 from last month’s figure and over 2% of all failed transactions in its history. According to the blockchain data explorer Blockchair, exactly 1,228,131 Ethereum transactions failed between May 1st and May 31st, at the time of writing. Transaction failures may...Read More
The native token for Optimism (OP) – an Ethereum layer 2 scaling solution – is prepared for its airdrop scheduled for today. Multiple exchanges including KuCoin, OKX, MEXC, AAX, and LBank have already announced plans to list the token. Earlier today, OKX announced that OP deposits would start being accepted at 16:30 UST on Tuesday....Read More
The broader crypto market has rebounded, with Bitcoin climbing back to $31,000 and beyond. Ethereum is attempting to break through the $2k barrier. After nine consecutive weeks of losses for Bitcoin, the crypto market recovered remarkably. Due to Sentiments, the Market Is Dull Cryptocurrencies have traded like tech stocks rather than as a separate asset...Read More
The IntoTheBlock’s head of research, Lucas Outumuro says that more than 50% of all the Ethereum in circulation now belongs to address the ETH holdings for more than a year. A leading crypto analytics firm says that long-term holders are buying Ethereum (ETH) despite the second-ranked crypto asset’s price struggles. Quoting that: “Addresses that have...Read More
Bitcoin’s price fell far below $30,000 on Friday, and other cryptocurrencies were also trading in the red. Ethereum, the world’s second-largest cryptocurrency by market capitalization, has dropped more than 5%. The worldwide cryptocurrency market was down 4.46 percent over the previous day on Friday, May 27, and was at $1.19 trillion at the time of...Read More
Crypto exchange Bybit collaborated with blockchain analytics platform Nansen to publish another monthly report on the state of the crypto industry. It focused on the broader market condition, DeFi activities, and NFT markets. The paper regarded Terra’s notorious collapse as fundamentally destructive to the nascent crypto community but beneficial to other Layer-one competitors since they...Read More
The French fashion brand – Balenciaga – will reportedly embrace cryptocurrencies as a payment method for its products. Initially, the offering will be available at the firm’s US shops on Madison Avenue in New York and Rodeo Drive in Beverly Hills, Los Angeles. Balenciaga Catching the Crypto Wave According to a recent coverage, Balenciaga will...Read More
Ethereum layer-two (L2) scaling solution Optimism announced an upgrade called Bedrock on its network, with the benefits of lower fees and faster speed for transactions completed through the Optimistic Rollup. The new feature is designed to be the first EVM-based rollup with Ethereum’s level of security and a much cheaper cost for transactions. Bedrock Arrives...Read More
Riksbank – the central bank of Sweden – has joined a chorus of other monetary authorities in rejecting Bitcoin’s status as “currency”. It argues that cryptocurrencies are poor at serving the three primary roles of money, and more closely resemble assets instead. The Litmus Test for Money As Riksbank explained in a Twitter thread, proper...Read More
Arguably the most anticipated event in Ethereum’s 7-year-old history could come in the next few months, asserted the project’s co-founder as well as a couple of core ETH developers. This should happen before the “difficulty bomb” slows down the network. Speaking at a panel during the Permissionless conference, ETH core developer Preston Van Loon noted...Read More
The past several weeks have been quite the negative turmoil for the cryptocurrency market, as it all started at the end of March. Interestingly, this coincides with a similar drop for the largest US-based stock market indexes, which led to a multi-month high in terms of correlations between Wall Street and crypto. The Market Meltdowns...Read More
EY – a Big Four accounting firm – launched a new application programming interface (API) for its blockchain platform, allowing enterprise users to transact on public blockchains without dealing with the complexity of entire DLT systems. New API for EY OpsChain EY OpsChain, part of the giant’s blockchain platform, is a subsidiary dedicated to solving...Read More
Web infrastructure platform Cloudflare has announced supporting the development and deployment of Ethereum for its customer through its Ethereum and IPFS gateways. From now on, Cloudflare customers can log into the dashboard and configure a zone for Ethereum, the InterPlanetary File System (IPFS), or both. Ethereum Gateway As one of the fast-growing data storage firms,...Read More
The professional soccer team based in Catalonia, Spain – RCD Espanyol – will enable fans to purchase game tickets, merchandise products, and food and beverages in several cryptocurrencies. The offering will be available with the start of La Liga’s next season (August 2022). The First in La Liga to Embrace Crypto Digital assets and the...Read More
The altcoins in the recent past have manifested extreme bearish conditions due to the volatility within the crypto space. If the star crypto Bitcoin falls by 1%, the altcoins tend to drop by 10%. And hence now when Bitcoin is below its ATH by more than 60%, major altcoins are nearly 92% to 94% distinct...Read More
The Brazilian investment management company – XP Inc. – reportedly joined forces with Nasdaq to launch a cryptocurrency trading platform. Called XTAGE, it should go live by the end of June. Initially, it will enable investors to buy and sell bitcoin and ether. XP Thinks About the Next Five, Ten Years The latest organization to...Read More
