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
Ethereum whales have registered a sharp uptick in activity in the past few days, making nearly 2,600 transactions worth over $1 million each yesterday alone. This is the highest number of such transaction activities in a day since January. 🐳 #Ethereum‘s whales have been extremely active today, firing off 2,596 transactions valued at $1M or...Read More
The most primitive crypto Bitcoin is yet again standing strong quashing all the FUD’s created on its way towards superiority. The asset withstood multiple external FUD’s like ban, regulation, stock market turbulence, negative mentions, etc and the very recent one of a whale dump. No doubt the asset faced extreme plunge for a while but...Read More
São Paulo-based Nubank, Latin America’s largest digital bank, has signed a partnership deal with blockchain infrastructure platform Paxos to support cryptocurrency trading services within its banking app. Nubank Supports Direct Bitcoin and Ether Trading In a press release on Wednesday (May 11, 2022), Nubank said its customers will be able to buy, sell, and hold...Read More
After the Fed raised interest rates to unprecedented levels last week, the stock and crypto markets experienced significant losses. This week, Bitcoin, Ethereum, XRP, Solana, and other major cryptocurrencies showed double-digit percent price losses. However, after bottoming out at $29k on May 9th, Bitcoin shows signs of life as the cryptocurrency is currently trading above...Read More
With the recent cryptocurrency market crash, where the price of most major coins like Bitcoin, Ethereum, BNB, XRP, and Solana has been down between 12-18% in the past week, is this the ultimate buying opportunity for those brave enough to buy the dip? Let’s look at why the price is crashing and whether this could...Read More
Cryptocurrency markets have been full of volatility and uncertainty in recent weeks. With Bitcoin prices falling sharply last week, most other cryptocurrencies followed suit by showing double-digit percent price losses in a matter of days. Ethereum is down 10.48% in the past seven days, XRP is down 7%, and ApeCoin is down a massive 35%....Read More
After a massive price drop over the last two days, the cryptocurrency market has calmed down. ETH is now trading at a significant support level. The weekend has been rather stable on the daily timeframe, after the bears forced the price down more than 10% in the previous two days. Ethereum – Calm Before the...Read More
The crypto-verse has born the thwarts of the turbulence over the past 24-hours. Wherefore, at press time, the market capitalization of the business has dropped close to 7% around the clock. That now has left the numbers hovering around $1.76 Trillion. The consequences of the torments have been evident with the market leader Bitcoin. Which...Read More
The price of bitcoin concluded April on a bearish note, with fears that more downside pressure will persist. The Ethereum price continues to trade in a narrow range. After a sell-off in April, Bitcoin price activity picks up in May. April has historically been one of the greatest months for Bitcoin. April 2022, on the...Read More
Ethereum is one of the most popular cryptocurrencies on the market, despite its present pricing, which is far from ideal. It has been hit by the general market downturn that has wracked the crypto industry, and it has now lost its footing above $3,000, a critical level for the digital currency. Nonetheless, according to reports...Read More
As global threats continue to rise, the overall cryptocurrency market is treading water. The second-largest cryptocurrency by market capitalization, Ethereum (ETH), is still being impacted by the crypto-wide sell-off. ETH has lost over 4% in the last 24 hours and over 5% weekly, outperforming other altcoins with diverse dynamics. After failing to break above the...Read More
After a brief rebound on Thursday, crypto prices continued to swing on Friday, with both bitcoin and ethereum falling into the red. During the day, bitcoin fell below $40,000 for the second time, while ethereum continued its recent trend of trading below $3,000. Bitcoin (BTC), Ethereum (ETH), and VeChain (VET) are expected to have more...Read More
Ethereum price had tested $2,800 level in the recent days before managing to bounce back towards $2,950. The Ethereum bulls were quick enough to push the price back at $3,000 level. Hence the surge in buying activity has pushed the price above the $3,000 range. However, today though the currency is signaling green, it has...Read More
San Francisco-based fintech giant Stripe announced its latest advance into cryptocurrency by partnering with Twitter. According to the new pilot program, Stripe will let a small group of creators send and receive payments in USDC via its payment platform, Connect. Creators can thus directly manage their account details through the Stripe Express app. Stripe’s Crypto...Read More
After a notable rally in 2021 a couple of times, 2022 appears to be pretty relaxed, maintaining a squeezed rally. Traders appear to extract their profits with just a minor spike and compel the prices to chop around the lower levels. However, in the upcoming days, the space may witness a significant change which may...Read More
Ridley Scott – one of the greatest film directors of all time – will be the next celebrity to dive into the cryptocurrency universe by producing “The Infinite Machine,” a movie about the founding of the Ethereum network. Gladiator’s Ridley Scott to Take Ethereum to Hollywood Camila Russo’s book “The Infinite Machine,” which tells about...Read More
Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Connor Dempsey TLDR: Despite the market downturn, Q1 was another highly active quarter for crypto venture funding. On the infrastructure side, we’re seeing a ton of activity within cross-chain solutions and DAO tooling. New layer-1s are still being incubated. Familiar...Read More
The web 3.0 dapp platform EOS has finished the work needed to bring the Ethereum Virtual Machine (EVM) to the network. That means developers will be able to build and transfer more blockchain applications to the network using familiar tools and coding language. EVM Meets EOS EVM is the software platform used to create decentralized...Read More
There are now a total of 80,300 NFT collections on the Ethereum blockchain, up from 15,540 year over year. Meanwhile, Ethereum addresses holding one or more NFTs have also skyrocketed as the industry is getting widely adopted, despite the recent market turbulence in the crypto space. Interest in NFTs Continues to Increase Though the broader...Read More
The Ethereum Foundation (EF) – a non-profit organization that supports the second-largest blockchain protocol – disclosed that its treasury equals around $1.6 billion. $1.3 billion of it is distributed in digital assets (primarily ETH), while approximately $300 million belong to non-crypto investments. The EF Sold ETH at the ATH In its financial report, the Ethereum...Read More
