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
The world’s leading financial derivatives platform – Chicago Mercantile Exchange (CME) Group – revealed intentions to introduce Bitcoin and Ether Futures tide to the euro later in August The company already has a deep history with the crypto industry. A few months ago, it launched micro options on Bitcoin and Ether futures, justifying its move...Read More
Former BitMEX CEO Arthur Hayes says he expects Ethereum to reach $5,000 by the end of Q1 2023. His estimate is based on a dual expectation that the Federal Reserve will ‘pivot,’ and that the Merge upgrade will be successful – both of which will bolster the price of the second-largest cryptocurrency. Inflationary Dollar, Deflationary...Read More
The crypto market has opened the month of August on a bullish note and now all the major cryptocurrencies are flashing green. Along with Bitcoin, Ethereum price too has gained its crucial price level. Meanwhile Michael van de poppe expresses his bullish stance on Ethereum during his recent technical analysis session. As per the analyst,...Read More
Leading cryptocurrency exchange Coinbase has launched Ether (ETH) staking service for institutional investors in the United States as the Ethereum network moves closer to the long-awaited Merge. This means that U.S. institutional investors can now join other institutional clients on Coinbase to stake ETH using Coinbase Prime accounts and claim their yield after the Merge,...Read More
Ethereum’s network activity has plunged considerably due to the market downturn as the decentralized finance (DeFi) and NFT sectors took a hit. Gas prices weren’t spared either. In fact, new data suggested that these figures have reached multi-year lows and are now treading near May 2020 levels. With Ethereum fees dropping below $5 per transaction,...Read More
As Bitcoin price markers a raise above $24,500, Ethereum price also reaches levels close to the crucial resistance at $1840. The other altcoins also gained huge strength and range high slicing through their respective local resistance. However, as BTC price faced rejection, Ethereum price too dropped, dragging most of the altcoins lower. Therefore, in such...Read More
Bitcoin and major altcoins witnessed a notable upswing in the past couple of days. Despite the current pullback, the asset maintains a decent strength and displays a tendency to regain bullish momentum. The bearish cartel is attempting very hard to restrict the rally but the assets appear to be poised to keep up the upward...Read More
Polygon Network has shown solid resilience in the difficult period of crypto assets plunging in value. According to its Q2 report, the Ethereum scaling platform witnessed steady growth in the number of network addresses and transaction volume despite the broader market selloff during the same period. Steady Growth in the Winter Known as a sidechain...Read More
Bitcoin and Ethereum are pumping after the U.S. Bureau of Economic Analysis released its official GDP data for Q2 2022. The data shows that real GDP decreased by 0.9% year over year, marking the nation’s second consecutive quarter of negative GDP growth. Bitcoin traded for about $22,700 prior to the bureau’s release at 08:30 EST....Read More
Ethereum’s daily active address has hit a new all-time high surpassing the previous peak by a whopping 50%. This massive increase comes amid the latest developments on the Merge front. According to the crypto analytic platform, IntoTheBlock, more than 1.1 million addresses made an ETH transaction on July 27th, catapulting the total number of transactions...Read More
Ethereum price sliced through the upper resistance close to $1600, raising from its lows below $1400 as the Shadow Fork goes live. Moreover, the transactions on the network spike magnificently which led to the spike. Presently, the ETH bulls appear to be a little decompressed but in fact, they seem to be preparing for the...Read More
On July 28, lead Ethereum developer Tim Beiko announced the final details before the final testing phase of the Merge. The latest proof-of-stake testnet transition will be on the Goerli testnet, the closest simulation of the Ethereum mainnet. The Goerli version of the Beacon Chain is called Prater, and it will be merged with the...Read More
XP Inc. – one of Brazil’s largest brokerage companies – expects to release its cryptocurrency platform by the middle of August 2022. Initially, the entity will allow trading with bitcoin (BTC) and ether (ETH), while it could add more digital assets later in the year. Crypto’s Decline Is Not a Concern to XP In May...Read More
A study conducted by the Australian fintech company – Finder – revealed that the vast majority of participants (78%) think Ethereum’s “Merge” will have a positive impact on the token’s price. ETH’s valuation is expected to top $1,700 by the end of 2022 and surpass $14,000 by 2030, they said. Ethereum’s Possible Price Pumps It...Read More
Though Ethereum’s long-awaited Merge upgrade is on the horizon, it’s far from the last developmental milestone on the smart contract platform’s roadmap. Crypto analyst Miles Deutscher recently published a Twitter thread explaining the five key phases the network must move through before reaching completion. The Merge and the Surge The five developmental phases – as...Read More
Buterin asserted that Ethereum’s developers are working on five long-term stages that aim to improve the network’s overall capabilities. The first on the agenda is the Merge, which is 90% complete and needs to be tested only on Ropsten, he said. During the ongoing annual Ethereum conference, Buterin outlined the improvements the development team is...Read More
Around the Block sheds light on key trends in crypto. Written by Connor Dempsey, sourced from the work and insights from the entire team at Coinbase Ventures & Corp Dev TLDR: Coinbase Ventures deal activity reflected the overall pace of the venture landscape, down 34% QoQ. Activity remained up 68% YoY, reflecting the steady growth...Read More
After several weeks of decline, the cryptocurrency market has been steadily increasing over the past several days, displaying signs of recovery. After testing a crucial technical resistance, Solana (SOL) moved slightly lower on July 20, pointing to potential downward movements in the coming weeks. Recent Solana price analysis shows that the bulls are now in...Read More
The Thailand-based cryptocurrency platform – Zipmex – froze clients’ withdrawals citing volatile market conditions. It remains unknown when the company will restore the service. The latest firm in the cryptocurrency field to reveal issues on its platform is the Thai exchange Zipmex. In a recent tweet, it disclosed that users are not allowed to make...Read More
After several months of gradual declines, the number of Ethereum wallets containing between 1,000 and 100,000 ETH jumped to a local peak. At the same time, smaller ETH addresses have also been on the rise, perhaps stacking for the upcoming Merge. ETH Whales Increase The data provided by Santiment revealed that the so-called whales (holding...Read More
