The leading digital currency asset management company Grayscale Investments announced that its Ethereum Trust will report directly to the US Securities and Exchange Commission (SEC). Grayscale filed a Form 10 with the SEC a few months ago on behalf of the Ethereum Trust to become the second company product designated as a digital currency investment...Read More
Crypto-space is among the sectors labelled as highly volatile and filled with uncertainty. Among them are some of the coins that could have a massive uptrend. Having kept a close watch one can make some yield this week. Let us have a look at some of these coins which could probably be a feast on...Read More
On-chain analytics provider Santiment has reported that there has been a decline in unique addresses interacting on the Ethereum network, particularly since mid-September. Both August and September witnessed spikes in address activity, primarily driven by new DeFi yield farming opportunities from the likes of Uniswap. 🤔 $ETH‘s daily active address metric is still revealing that...Read More
When volatility is low and the market sentiment is neutral, copy trading may be the best bet for retail traders. Social trading platforms have been around for a while, however, they are even more relevant now. Consider this – Finance Illustrated recently released a list of the top traders on the social trading platform, eToro....Read More
A recent report exploring the Q3 2020 developments in the decentralized finance ecosystem confirmed the narrative that it was the best quadrant for the entire field. Additionally, it highlighted Ethereum’s massive role as the underlying technology but also broached several potential competitors, including TRON and EOS. Confirmed: DeFi Exploded In Q3 2020 The analytics company...Read More
In what is big news for the community, Curve and Matter Labs have announced that they have taken the next big step towards scaling Ethereum – a zkSync L2 smart contracts testnet with Curve Finance as the first resident DApp. Ethereum’s L2 is on 🔥! @the_matter_labs and @CurveFinance teams are excited to unveil the first...Read More
Will Ethereum Soar as it happened before? The much-awaited bitcoin rally occurred with the price crossing $11000 and recording $11,384 at the press time with a gain of 4.5 percent in 24 hours. This surge is speculated mainly due to Jack Dorsey announcing Square purchasing Bitcoin and probably also due to the US announcing some...Read More
The last quarter of 2020 just began. Considering the recap of 2020, the year was pretty good for the crypto space. Much positive news in the market with great levels of adoption during the pandemic period. On the contrary, crypto space also witnessed a steep decline in price, market capitalization, etc. This, however, did not...Read More
With all eyes on the phased upgrade of Ethereum, the network has further decided to perfect its upcoming Eth 2.0 network. In that regard, Project lead of Ethereum 2.0, Danny Ryan announced a bug bounty program to incentivize Eth community and other bug hunters to find and report vulnerabilities. p.s. there are a few bounties...Read More
Disclaimer: The following article attempts to analyze the impact of emerging patterns on the Ethereum short-term market and its price. A sudden surge in the market yesterday pushed the price of most major digital assets higher, including Ethereum [ETH]. The boost in the price of ETH carried it from $334 to $353, and after some...Read More
Apart from BNB, Changpeng Zhao, the founder and CEO of cryptocurrency exchange heavyweight Binance has another reason to smile. Yesterday the Binance Smart Chain (BSC) handled 21 percent of Ethereum transactions, at 0.6 percent of the gas fees charged for transfers on the latter. This makes BSC about 35 times cheaper, he said. Also, CZ...Read More
CorionX, a platform designed to incentivize and promote the global adoption of stablecoins and decentralized finance platforms, has announced it will be partnering with Syscoin to help tackle two of the biggest barriers to entry to DeFi — awareness and cost. Breaking Down Barriers to Entry As part of the partnership, CorionX will begin using...Read More
Over the last one week, Ethereum registered poor daily returns that lowered the cryptocurrency’s valuation by more than 6%. The same was noted across the market after Bitcoin, the world’s largest cryptocurrency, too noted a decline on the charts. While such bearishness continued to persist, at press time, altcoins such as NEM and Zcash were...Read More
Solana, which offers scalable solutions to decentralized applications, today announced the launch of its cross-chain bridge, dubbed Wormhole, which connects ETH and ERC-20 tokens to the Solana blockchain’s SPL tokens. Wormhole bridge will allow DeFi developers to move tokenized assets “trustlessly” across blockchains, taking advantage of Solana’s “speed and cost” which the firm claimed was...Read More
Major cryptocurrency exchange KuCoin has resumed deposits and withdrawals of some cryptocurrencies after the platform recently suffered a substantial hack. BTC, ETH, and USDT Withdrawal and Deposit Services Now Available According to an official announcement on October 7, KuCoin revealed that it reopened deposit and withdrawal functions for crypto tokens Bitcoin (BTC), Ether (ETH), and...Read More
Many of the DeFi and crypto industry’s top influencers and personalities have waded in with their take on the highly charged subject. The ethos behind DeFi is largely to remove the controlling element of a CEO, or board of directors, that dictate the movements of centralized finance such as crypto exchanges and banks. From a...Read More
Ethereum investors have been at a loss given the past 30-day movement of the coin registering a drop of 1.1%, and a 2.9% loss over its 7-day movement. Irrespective of the halted growth in decentralized finance [DeFi], the short-term market for the second-largest crypto appeared bearish given the choppy looks of the Bitcoin market, but...Read More
The stock market saw a panicked sell-off after the US President tweeted that no stimulus package would be passed until after the elections. The drop affected the crypto market as well, with most major altcoins and Bitcoin seeing losses. Bitcoin currently trades at $10,605 after having endured a 1.40 percent drop in the past 24-hours....Read More
As we enter the fourth quarter, Bitcoin after its price dump seems to be consolidating around the $10,700 level. With this, Ethereum too seemed to gain some momentum, as it pushed higher towards its resistance level. However, both BitTorrent and Maker seemed to make a descending triangle formation, hinting toward a bearish scenario in the...Read More
2020 has been a good year for Ethereum: Its price increased month after month, and its technological security is at a new peak now that its total hash rate is at ATH levels. The Ethereum hash rate is above 250 Terahashes per second for the first time in the blockchain history. This new record comes...Read More
When it comes to the DeFi ecosystem at large, there seems to be a lot of eagerness with regard to the growth of Bitcoin’s DeFi space and on those lines, another startup has taken up the expansion of BTC-backed DeFi products. RSK Infrastructure Framework (RIF), a Bitcoin-powered smart contract platform will make MakerDAO’s ERC-20 DAI...Read More
The United Kingdom Financial Conduct Authority plans to ban cryptocurrency derivatives and exchange-traded notes (ETNs) to retail customers from January 6th, 2021. The FCA statement described such products as “ill-suited for retail customers due to the harm they pose.” The regulator outlined that retail customers are unable to determine a reliable value because of several...Read More
In a surprise AMA, Charles Hoskinson answered viewers’ questions on a Livestream, talking mostly about the developments of Cardano and its progress over the past few months. One answer in particular, however, generated a lot of excitement from viewers. In a response to a question about how easy it is to convince projects to move...Read More
Yield chasers in search of the next “DeFi gem” are falling victim to elaborate scams with rogue actors on the prowl, using cleverly devised malicious contract codes to steal funds. From “rug pulls” to outright absconding with presale funds, the activities of DeFi scammers are threatening to overshadow the novel developments in the emerging crypto...Read More
The United States watchdog, Securities Exchange Commissions charged cybersecurity software developer John McAfee for allegedly making over $23 million in the process of shilling seven initial coin offerings. The ICOs reportedly raised $41 million in the process with half of those proceeds pocketed by McAfee. The SEC indictment read: From at least November 2017 through...Read More
A research conducted by Alex Manuskin, at ZenGo revealed today on twitter that “yield farming” project UniCats allegedly stole nearly $200,000 worth of Uniswap (UNI) tokens from several ethereum users. Manuskin believed that UniCats added a “backdoor” to the yield farming smart contract which allowed the platform to have complete control over its users’ tokens...Read More
Ethereum 2.0, or the lack thereof thus far, has been making the news of late. For people actively following its progress, the ETH Online Kickoff Summit, which saw the likes of Vitalik Buterin and Danny Ryan discussing the development shed some light on the path to scaling ETH 2.0. Source: ETH Online Kickoff Summit A...Read More
Support for Ethereum 2.0 is growing rapidly. In a significant milestone, Eth2’s Medalla test net has expanded to more than 75GB in size. Along with this, the number of staked test ETH on the test net has crossed well above 2 million. Ethereum 2.0 Testnet Size Tops 75 GB As per the latest reports, two...Read More
According to data recently published by Santiment, the social volume of Ethereum is nearing six-month low levels across social discourse platforms. This would imply that traders are looking for volatility elsewhere to trade. Ethereum Social Volume vs Price Chart Source: Santiment It would appear that ETH’s social volume has been declining since its 2020 peak...Read More
Ethereum Classic aka the zombie coin could yield good profits in the near future. How so? Well, this could be a side effect of Ethereum’s transition from PoW to PoS. Wait, is calling Ethereum Classic a zombie coin a little too much? Perhaps, but then again, the coin has suffered three 51% attacks, only to...Read More
