Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a reference rate – called AMERIBOR – could serve as a potential replacement to LIBOR. Blockchain Project To Replace LIBOR? The London Interbank Offered Rate (LIBOR) has a significant role in global finance. It’s utilized to...Read More
The man, known as Bitcoin Jesus, has urged people to start using cryptocurrencies instead of what he calls “police money,” if they want to show their opposition to a corrupt justice system. Founder and Executive Chairman of Bitcoin.com, Roger Ver, said in a YouTube video posted on June 3 that the best way to prevent...Read More
Ethereum is spitting fire currently. The top cryptocurrency first took us by a surprise when the Eth/USD pair set sail for $220. As Eth blasts through that long-respected resistance level at $220, the coin gathered momentum in order to overcome a major hurdle between $225 and $230. As all became stories thereafter, Ethereum yesterday was...Read More
The value of ETH stored on its own Ethereum blockchain has been continuously decreasing in the past year, new research shows. While numerous ERC-20 tokens operate on the network, the growth of stablecoins presents the most substantial threat to cause a future “flippening.” ETH’s Role On Ethereum Blockchain Decreases Per the research provided by Messari’s...Read More
Every individual cryptocurrency network has many different statistics worth keeping an eye on. The Ethereum network recently surpassed 700,000 Ether in total fees paid, which marks a rather interesting milestone. No one can deny that there are very few successful crypto projects out there. An Interesting Milestone for Ethereum Based on user adoption, transaction values,...Read More
A fool and his money are soon parted. When it comes to dealing with cryptocurrency, it’s important to know exactly what you’re doing. However, not only new crypto users fall victim to lurking predators, even a crypto OG will slip up once in awhile. Here’s a story about a reddit user – tycooperaow – losing over $1,200...Read More
Recall that Ethereum was dancing around $200 for weeks before it finally spiked up the charts a few days ago. However, it now appears that the ETH/USD pair hasn’t truly escaped the grasp of a bear market threatening to pull prices below critical support at $200. May 25, 04:25 hours UTC, ETH was changing hands...Read More
Zilliqa (ZIL) gained almost 35% in the past 24 hours, marking a delayed reaction for a coin, which was subject to some increased attention over the previous weekend. First, cryptocurrency exchange Binance announced it would be listing a ZIL/BUSD trading pair on Friday, May 22. Then, Zilliqa received a begrudged mention from Ethereum co-founder Vitalik...Read More
Despite Ethereum’s price nosediving by over 85% from the all-time high levels reached in January 2018, the interest in the second-seeded cryptocurrency by market cap is gradually increasing. New data indicates that the number of non-zero ETH addresses has skyrocketed by over 350% since the time ETH reached its all-time high levels. Ethereum Addresses On...Read More
The rollout of Ethereum 2.0 is set to arrive in installments, with the first milestone expected some time around Q3 of 2020. From that moment on, things promise to get interesting. At one point, we will see two Ethereum blockchains existing at the same time. Initially, the ETH 2.0 token will be practically useless for...Read More
The price of Ethereum has broken a major resistance level at $200 following a period of massive sell-off of bitcoin on the 21st of May. At the moment, Eth is trading at $208.42 as the cryptocurrency struggles to gain momentum upwards again. Currently trading at $208 as of May 23rd, 06:20 hours UTC, Ethereum has...Read More
Maker DAO just received an influx of almost 2,500 Bitcoin in the past 48 hours, as the number of Wrapped Bitcoin (WBTC) locked in the decentralized finance app increased by 1,921%. Maker DAO is a decentralized lending protocol on Ethereum, which issues the stablecoin Dai (DAI) in return for ETH-based collateral. Since BTC can be...Read More
The Price of Ethereum is undergoing a major setback due to an ongoing BTC selloff. As the general crypto markets shared the brunt of the force, Ethereum crashed below a critical point of support at $200 and was trading around $199 as of May 22, 06:59 hours UTC. As evident price decline sets in, Ethereum...Read More
In the cryptocurrency industry, there is always demand for safe and secure wallet solutions. EnQlave positions itself as the “quantum safe for crypto assets”, but it remains to be seen if they can live up to those expectations. Crypto and blockchain enthusiasts are concerned about the era of quantum computing. EnQlave Aims to be Quantum-proof...Read More
Ethereum has been attempting to stay above the critical level at $200. After its April surprise action to $227, the bears crept back compelling Ether down through major support levels at $210 and $200. Support stabilized at $195 put an end to the selling pressure. And deflected a logical dive under $190 and towards the...Read More
During the COVID-19 outbreak, the cryptocurrency community has come together in many different ways to help those in need. The recent CryptoPersonalities NFT sale raised an extra 10 Ether for this cause. Aiding those in financial need is a great way to promote cryptocurrency. NFTs for COVID-19 Relief Not only does it solve someone’s problem,...Read More
Futures trading is a very popular and prominent market in the financial sector. With the help of ErisX, speculators can be exposed to Ethereum’s price through CFTC-regulated and physically-settled ETH futures contracts. There is more to the cryptocurrency industry than just Bitcoin. A big Milestone for ErisX Ethereum has carved out a solid position in...Read More
Recent Chinese reports indicate that a new cryptocurrency scam, resembling the notorious PlusToken, has been brought to trial this week. Dubbed WOTOKEN, allegedly scammed over 700,000 users and absorbed more than $1 billion worth of Bitcoin and other digital assets. The New Chinese Threat: WOTOKEN According to local reports, the trial began on May 14th...Read More
Visa remains the world’s leading credit and debit card issuer in the world. That company is also looking to enter the world of virtual money, and it seems the Ethereum blockchain will play a crucial role in the research. It has been coming for a while now, but the whole world will transition to virtual...Read More
The decentralized finance industry is growing at an accelerated pace, making it difficult to keep track of everything. A new dashboard, known as DeFi Saver, may offer some relief in this regard. Keeping tabs on the DeFi industry has become somewhat of a juggling act. DeFi Saver is a Proper Dashboard Dozens of different projects...Read More
Around the Block #6: Bitcoin’s dominance alongside Coinbase customer behavior, the coming DEX revolution, and other recent crypto news Coinbase Around the Block, sheds light on key issues in the crypto space. In this edition, Justin Mart analyzes Bitcoin’s continued dominance alongside Coinbase customer behavior, the coming DEX Revolution, as well as other notable news in...Read More
The Ethereum blockchain is suffering a period of heavy congestion, partly caused by what appears to be a Ponzi scheme. Thousands of transactions are being pinged all across the network—all leading to a single address, which now holds $5.3 million worth of Paxos Standard (PAX) tokens. That address belongs to the operators of MMM Global...Read More
When it comes to cryptocurrencies, one would expect most of the Bitcoin to be tied to second-layer scaling solutions on that particular blockchain. New statistics seem to dictate that Ethereum is leading the pack, well ahead of the Lightning Network. Any layer-two scaling solution needs to gain market traction. The Lightning Network Trails Ethereum’s WBTC...Read More
In the cryptocurrency world, users are always looking for ways to make money by whichever means are most convenient. Playing blockchain games has often been dismissed as a fad, but it seems to be a viable option to explore regardless. There are many blockchain games and dApps for users to explore today. Hybrid Gameplay is...Read More
MyEtherWallet is among the most popular and veteran wallets for storing ETH and ERC-20 tokens, which are Ethereum blockchain-based. Besides the well-known web wallet, MyEther had recently launched a mobile app, available for both Android and iOS devices. MyEtherWallet or MEW Wallet app allows users to buy and send cryptocurrencies quickly and on-the-go. Users can get...Read More
0x (ZRX) gained 143% against the dollar leading into Friday, May 8. The price surge comes after announcing weekly staking payouts, and potentially getting a fortuitous ‘Ethereum rub’ from Vitalik Buterin. Notably, on May 7, the 0x community voted in favor of a proposal that would cut the regularity of staking payouts from 10 days...Read More
Several incidents in the cryptocurrency space seem to leave a lasting impression on the industry. The infamous Cryptopia hack, for example, still sends shock waves throughout communities today. To this day, there are still many uncertainties regarding the Cryptopia hack. More Cryptopia Funds Shenanigans The exchange lost a lot of funds, adding up to roughly...Read More
Ehereum has been attempting to stay above the critical level at $200. After its April surprise action to $227, the bears crept back compelling Ether down through major support levels at $210 and $200. Support stabilized at $195 put an end to the selling pressure and deflected a logical dive under $190 and towards the...Read More
Quick take: Bitcoin (BTC) has once again reclaimed $9,000 with 5 days until halving. Pantera Capital’s CEO, Dan Morehead, sees a scenario where BTC hits $115,212 by August 2021. His analysis is based on the change in the stock-to-flow ratio across each halving. The hype and excitement surrounding the Bitcoin halving event is once again...Read More
DUBAI, UAE, 8th May (Friday) Time: 10 AM New York, NY, USA (GMT-4) ‘MEET IDEAOLOGY’ webconference is looking for you The exclusive, pre-launch presentation for the top crypto people In an effort to make top-shelf blockchain partnerships before their Initial Coin Offering is launched, Ideaology ( www.ideaology.io ) is organizing the Web-Conference ‘Meet Ideaology’ on...Read More
