There has been some activity on the blockchain address that was flagged as being involved in the hack on the Axie Infinity Ronin bridge last month. There have been several transactions over the past couple of hours from the suspect Ethereum address. The first was the movement of 1,000 ETH valued at approximately $3.5 million...Read More
The former BitMEX CEO explained to his readers why 2022 will be a big year for Ethereum. He considers that the network – after the transition to proof-of-stake consensus – will function as a commodity-linked bond. In contrast, the former CEO called BTC “pure money” that intrinsically “yields nothing.” Hayes sees Ethereum as an investment...Read More
Given the total addressable market for digital on-chain transactions is far bigger than the current DeFi market size, worth around $200B, Grayscale said DeFi protocols powered by smart contracts are still being undervalued. The current capital markets alone are 500x more than the DeFi market, Grayscale outlined. In addition, NFT-associated transactions and Metaverse-related applications could...Read More
One of the largest derivatives trading platforms has indeed proceeded with releasing options on Micro Bitcoin and Micro Ether futures, as promised earlier this month. The company outlined the growing investor demand for such products as the main reason behind the launch. CryptoPotato reported earlier in March CME Group’s intentions to launch options on Micro...Read More
MyEtherWallet (MEW) integrated the crypto startup MoonPay as its on/off ramp partner for users across all platforms. The initiative should provide customers with additional access to the Ethereum blockchain. MEW and MoonPay Shake Hands According to a document seen by CryptoPotato, the collaboration between the two entities aims to reduce the barriers of entering the...Read More
The co-creator of Ethereum, Vitalik Buterin, is somewhat known for his strong opinions on matters related and unrelated to cryptocurrencies. Recently, he’s been featured in a TIME Magazine interview that had the entire crypto world buzzing. Vitalik Buterin on BAYC Hype People who’ve been following the crypto space for more than a few months must...Read More
Formerly known as a Bitcoin-only derivatives exchange, BitMEX has abandoned its plans as it adds support for new assets, with the latest being Ethereum’s native token – Ether. The announcement from March 21 informed that users will be able to deposit, withdraw, buy, and convert ETH effective immediately. This comes as an addition to the...Read More
The launch of APE coin has undoubtedly been the story of the week. The cryptocurrency hit the public markets on Thursday after being airdropped to holders of NFTs associated with the Bored Ape Yacht Club (BAYC). It appears that large Ethereum holders are betting big on the token as well. Two of the largest Ethereum...Read More
Vitalik Buterin on Wednesday whetted his support for Ukraine against the Russian invasion. He said similar wars may be raging on in other parts of the world but that doesn’t mean people should stop caring about the Ukrainians or vice-versa. Buterin in Support of Ukraine In a tweet Wednesday morning, Ethereum’s co-founder said: “Ukrainians are far...Read More
The Nordic-based financial technology firm – Lunar – closed a $77 million financing round. The organization reached a valuation of $2 billion and introduced a cryptocurrency trading platform. Lunar Dives Into The Crypto Industry The Danish company Lunar secured a $77 million Series D-2 funding round, bringing the series’ total to $310 million. The investment...Read More
The Defense Ministry of Israel reportedly seized 30 digital wallets belonging to businesses associated with the exchange company al-Mutahadun. The authorities accused the latter of funding the terrorist organization Hamas. Israel’s Latest Seizure In 2021, al-Mutahadun was one of the firms designated as a terrorist-funding entity by Israeli officials. Specifically, they claimed that the Shamlah...Read More
Amid being invaded by its eastern neighbor, which caused significant disruption to its financial networks, Ukraine and its authorities sought donations in cryptocurrencies. The community and other people responded swiftly with reports indicating that more than $13 million worth of digital assets were sent to the provided addresses. Ukraine Seeks Help in Crypto After weeks...Read More
The fifth-largest Ethereum mining pool – Flexpool – announced it will no longer provide services to customers in Russia. By doing so, the entity opposed Putin’s military operation and showed solidarity with Ukraine. The mining company became the first in its field to halt its endeavors on Russian soil. This comes a day after the...Read More
The Cardano network is now in the second position to Bitcoin, thereby outpacing both Litecoin as well as its rival smart contract platform Ethereum in terms of 24-hour transaction volume. Cardano’s On-chain Activity According to the data curated by Messari, over the past day, the Cardano blockchain registered a transaction volume of a whopping $17.04...Read More
Two months after exploiting the crypto exchange AscendEx (formerly Bitmax), the anonymous hackers have transferred around $1.5 million worth of Ethereum to Uniswap in their first attempts to launder the money. CryptoPotato reported in mid-December when the three-year-old digital asset trading platform became the latest victim of a security breach. Early estimations showed that the...Read More
Twitter is delving a step further into the crypto ecosystem, now allowing users to tip each other in Ethereum, alongside Bitcoin. The feature is currently only available on mobile. According to Twitter’s updated tipping policy, users who agree to it can “copy someone’s Bitcoin or Ethereum address and paste their address into whatever wallet [they]...Read More
According to a recent CNBC analysis, eight of the highest-ranked politicians in the USA have traded cryptocurrencies over the past 12 months. Seven of them are Republicans, including Senator Pat Toomey and Senator Cynthia Lummis, while one is a member of the Democratic Party. Who Jumped on The Bandwagon? Overall, 2021 has been a highly...Read More
Dedicated to restoring Assange’s freedom, AssangeDAO started its fundraising on February 3. Less than a week later, it has concluded its efforts after managing to rake in 17,422 Ether from 10,000 users. Helping Embattled WikiLeaks Founder Julian Assange The newly-formed AssangeDAO’s mission was to raise enough funds to help free Julian Assange. It aimed to...Read More
The Canadian subsidiary of KPMG – one of the “Big Four” international accounting firms – has just confirmed the addition of Bitcoin and Ethereum to its corporate treasury. The purchase is said to “reflect the firm’s commitment to emerging technologies and asset classes”. According to a press release from Newswire, KPMG included carbon offsets alongside...Read More
Leading cryptocurrency exchange Kraken announced on Thursday the results of a proof-of-reserve audit, showing that it holds over $19 billion worth of Ether (ETH) and Bitcoin (BTC). Almost $20 billion Stored on Kraken As per a blog post, the audit was conducted by Armanino LLP, a consulting and technology firm in the US. The results...Read More
One simple mistake cost a trader $500,000, sparking intense debate in the Ethereum community over security and user experience. To Lose $500K Worth of WETH A post titled “Did I just lose half a million dollars by sending WETH to WETH’s contract address?” made its way to the top of r/ethereum. “Sent ETH to WETH...Read More
A research team of the American investment management firm ARK Invest envisioned a highly optimistic future for bitcoin. According to them, the price of a single coin could surpass $1,000,000, and the asset’s market capitalization might reach $28.5 trillion by 2030. Bitcoin to Peak at Over $1 Million The Nasdaq-listed company ARK Invest, led by...Read More
An individual Ethereum miner who mined a complete block hit the jackpot by receiving 170 ETH for his efforts. Converted in USD value, the reward equals nearly $540,000 (calculated by the time when the block reward was mined). Beating the Odds Despite some people claiming that Ethereum mining (still being proof-of-work) is harmful to the...Read More
The cryptocurrency lending platform – Nexo – joined forces with the Nasdaq-listed digital asset company – Bakkt Holdings. As a result, the latter will custody a portion of Nexo’s Bitcoin and Ethereum holdings in the Bakkt Warehouse. Bakkt’s Newest Partnership The Bakkt Warehouse comprises both online (“warm”) and offline (“cold”) digital asset storage. The company...Read More
Eric Adams – newly elected mayor of New York City – is following through on his promise to receive his first paycheck in Bitcoin. Some of his salary will even be converted to Ether – the second-largest cryptocurrency. The Paycheck Promise The City of New York confirmed the payment decision from its official site earlier...Read More
A report by the blockchain security company PeckShield said the attack against the popular crypto exchange resulted in 4,600 ETH being siphoned off the platform. At the same time, the company maintains that no user funds were lost. Reports started to emerge yesterday indicating that the Singapore-based digital asset platform had experienced suspicious activity and...Read More
The number of Ethereum addresses holding ETH is at an all-time high. Meanwhile, transaction count on the network remains near record highs, showing that user activity continues to grow. According to on-chain data, Ethereum addresses holding a balance now total over 68.26 million. This number seldom declined despite a rocky price history last year, maintaining...Read More
Alkesh Shah – analyst at Bank of America – predicted Solana could continue to steal some of Ethereum’s market share as it’s easy to use and has significantly lower transaction fees. The strategist further asserted that Solana could become “the Visa” of the cryptocurrency industry. High Hopes for Solana Solana has been one of the...Read More
Washington-based real estate firm – Harbor Custom Development, Inc. – will reportedly start accepting digital currencies as payment for its residential homes, apartments, condominiums, and other properties as of January 24th. Crypto Making its Way in the Retail Estate Industry According to a recent coverage, Harbor Custom Development, Inc. (Nasdaq ticker: HCDI) will embrace numerous...Read More
The American breast cancer organization – Susan G. Komen (also known as Komen) – enabled people willing to support the cause to donate digital assets instead of fiat currencies. The partner in the initiative is the donation platform – The Giving Block. Susan G. Komen announced the new additions on its Twitter page. The organization...Read More
