Blockchain-backed, decentralized video platform, Theta Network will collaborate with Chainlink to build a new blockchain-based platform to solve the “multi-billion dollar Ad fraud problem” one that scams people through coin giveaways, the firm said in an announcement today. The project which is currently live on its testnet, uses Google’s Big Data solution, BigQuery, and would...Read More
Blockchain tech company ConsenSys announced that it would work on the second phase of ‘Project Inthanon-LionRock,’ which will allow the firm to design a proof-of-concept for CBDCs. This project was launched in 2019 by the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) to “study the application of a CBDC to cross-border...Read More
Binance exchange has added another important asset to Cross Collaterals- Ethereum [ETH]. Ethereum was the third asset to be added to this list after Bitcoin [BTC] and Binance USD [BUSD]. With Ethereum as another option to choose from, it would allow users to collateralize their crypto assets to borrow against ETH. The release from Binance...Read More
Disclaimer: The following article attempts to analyze the emerging pattern in the Ethereum short-term market and its impact on price. Another push to the upside boosted Ethereum’s price by 9% on 24 September. This spike in the price had managed to surpass its resistance at $345.33 and be valued at $353.14. However, the price immediately...Read More
Bitcoin and Ethereum have shared the center stage at regular intervals this year. In fact, some would argue that Ethereum has run more miles and gotten more attention than BTC this year. Such a scenario was playing out in the markets as well. Over the course of certain bullish spells in 2020, most particularly during...Read More
Testnets serve a very good purpose, and that is to determine whether the technology is capable of running on a much broader scale. For Ethereum, the Medalla testnet has been in operation and growing in terms of staked ETH and validators since early August. Not all validators have been happy with the experience, however, and...Read More
This week saw increased volatility in the crypto market, not only due to the expiry of Bitcoin contracts but also because of the expiry of Ethereum contracts. Nearly 460,000 ETH options are set to expire on Friday that made up for almost $450 million in open interest. This will be the largest expiration date for...Read More
Several crypto firms and DeFi angels have invested in Dune Analytics, a Norway-based, Ethereum data analyzing firm, which raised $2 million in a seed round according to an announcement today. The funding round was led by Dragonfly Capital and other VCs like Multicoin Capital, Hashed, Coinbase Ventures, Alameda Research, Coingecko, and the Digital Currency Group among...Read More
Ethereum formed a bearish pattern that could take the price beneath $300 in the next few weeks. The scenario of the crypto market, in general, was bearish, with the likelihood of further losses. Tezos showed no signs of reversing the downtrend and was set to plummet further. Dash slipped beneath a crucial level of support...Read More
An Ethereum proposal that could effectively change the fee market mechanism by burning a little ETH for every transaction made is under the spotlight. Ethereum network fees are currently calculated in an auction-like mechanism that works by having everyone submit their bid for how much they’re willing to pay to have their transaction picked up...Read More
Airdrops have apparently become the next big thing in DeFi as means of “fair” distribution of tokens of fresh projects. The first one to really catch the attention of the masses was Uniswap with their UNI governance token. Everyone who used the platform received a minimum of 400 UNI tokens. At the time, many people...Read More
After a failed (but not regretted) attempt, Thesis, the blockchain development company behind Keep Network, has just released the new version of tBTC. tBTC is simply Bitcoin tokenized in the Ethereum blockchain as an ERC20 token backed by the original Bitcoin. The initiative might seem like another one of the many projects that seek to...Read More
Despite the growing DeFi craze in the past few months, a recent survey compiled by CoinGecko revealed that just 23% participate actively in some form of yield farming. However, many of the farmers answered that they don’t know how to read smart contracts but were enjoying high ROIs. Yield Farming Is A Growing Trend This...Read More
Ethereum miners were enjoying the current market condition after the launch of Uniswap’s governance token, UNI. The launch drove the gas cost on the Ethereum network, which resulted in miners pocketing close to $1 million in fees within a single hour. These events along with Ethereum network activity resulted in the ETH miners earning more...Read More
ERC-20 token, TBTC, which lets Bitcoin holders safely copy BTC over to Ethereum and access yields from DeFi apps on Ethereum, has been launched and is ready for use on the tbtc.network, according to an announcement from the Keep Network today. According to the release, TBTC is trustless and is fully backed and matched by...Read More
Ethereum addresses holding more 1,000 ETH have leaked out to a number last seen almost 2 years ago. In 2017, there were approximately 7,200 addresses holding more than 1,000 ETH, however, this was during thebull run and this metric was hitting new highs. Considering the current situation this might seem like a disconcerting issue on...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the sole opinion of the writer. The prediction should materialize in the next 24-48 hours. While Ethereum’s effort to hold fort near $390 is commendable, it would be inaccurate to state that the industry did not see this coming. With...Read More
Ethereum, though the market’s second-largest cryptocurrency by market cap, has traditionally been loyal to Bitcoin’s price movement. Where Bitcoin goes, Ethereum follows. The same was noted to be happening, at press time, with Ethereum about to break out of the bearish pattern following Bitcoin’s cues. Trading at $369, at the time of writing, we might...Read More
Bitcoin and Ethereum have long been the two most-popular cryptocurrencies in the market. While Bitcoin has remained top of the charts, for most of the time, Ethereum has been the cryptocurrency following it. This, despite the fact that a number of altcoins have taken a jab at ETH’s position over the years. Spoiler – None...Read More
Have you heard about Yearn Finance’s YFI token? It acts as a governance token for its decentralized finance platform. It broke Bitcoin’s record of the all-time high in terms of USD prices. The YFI token attained highs of over $38,000 in August and even peaked above $43,000 in mid-September 2020. Do you know what’s the...Read More
When it comes to the altcoin market, the past few months have shown how important a cryptocurrency Ethereum is. With DeFi growing substantially in 2020, the gains have been felt by ETH in many ways. While ETH has miles to go before it can challenge the market cap and dominance of Bitcoin, its remarkable growth...Read More
The launch of Uniswap’s governance token UNI caught the cryptocurrency market left, right, and center. Some folks who received the airdrop for being a loyal Uniswap user before September 1, dumped it on the market to avail their free helicopter money. Some held on. Nonetheless, UNI got listed on Coinbase Pro, Binance and it’s price...Read More
A former employee of CSIRO – the Australian Commonwealth Scientific and Industrial Research Organisation, has avoided prison after being caught using a supercomputer at work for mining cryptocurrencies. Jonathan Khoo, 34, worked as a contractor at the federal government’s scientific research agency. Generating $6,897 Worth Of Ethereum and Monero As per a recent news report, between January...Read More
DeFi token transactions continued to congest Ethruem’s network as Etherscan showed that addresses related to Uniswap had guzzled a significant amount of Gas over the past 24 hours. At the time of writing, Ethereum’s charts pointed to a likely drop. While on-chain metrics made a strong case in support of an Ethereum slide, it must...Read More
2020 saw Ethereum [ETH] briefly take over Bitcoin’s lead in the market. However, this growth was the result of the boom witnessed by the decentralized finance [DeFi] ecosystem. According to data provided by Skew, the price volatility of Ethereum and Bitcoin are converging. The converging spread of the Ether-Bitcoin 6-month at-the-money [ATM] Implied Volatility had...Read More
This week was nothing short of exciting. Bitcoin started trading at around $10,300 but was on a positive note throughout the entire time. It increased gradually, without any sharp and somewhat surprising movements, and managed to add about 6.5% to its value. The cryptocurrency tapped the important psychological and technical resistance at $11,000 but failed...Read More
Disclaimer: The following article attempts to analyze the evolving patterns in the Ethereum market and its impact on price. The Ethereum market witnessed a momentary boost in its price on 17 September. This boost placed its current value at $387.34, which was closer to $376, an important point of support for Ethereum. As the market...Read More
Bitcoins are being tokenized at a rapid rate for use on the Ethereum blockchain. Just ten days back, BTC supply’s on the world’s largest smart contract development platform was 73,000. Now that number is nearing 100,000. Consequentially, the valuation of Bitcoin’s supply on Ethereum has topped $1 billion. Bitcoin Supply On Ethereum Approaching 100,000 As...Read More
Uniswap’s launch of its native token and associated farming rewards has caused a digital gold rush, which has crippled the Ethereum network for the second time in as many weeks. The news has been good for Ethereum miners, though, as their revenue has reached a five year high according to on-chain analytics provider Glassnode. 📈...Read More
Utrust, a blockchain powered crypto payment gateway that gives e-commerce businesses the option to accept cryptocurrencies like bitcoin and ethereum, announced its integration with Kompakt, a Cologne-based electronic music record label company. This would allow the music company’s fans to pay in digital currencies like BTC, ETH, and also UTC token when they buy merchandise...Read More
