DeFi’s explosion has fueled Ethereum’s transaction fee hike and the subsequent price rally. When DeFi exploded on 2 September 2020 and later, on 5 September 2020, the figures for Total Value Locked hit $9.6 B on the charts. In fact, Ethereum’s price hit a new high of $484.15, corresponding to DeFi’s rally. Source: Coinmarketcap Not...Read More
U.S based cryptocurrency exchange Coinbase Pro announced in a tweet today that the exchange would begin passing network fees to its customers with network fees (otherwise known as Gas on the Ethereum blockchain) which is paid directly to cryptocurrency miners that process transactions and secure the blockchain networks. To ensure a smooth experience for our...Read More
Crypto exchange Binance.US announced listing of Uniswap (UNI) token, which is used for governance actions in the Uniswap protocol, a decentralized automated liquidity protocol built on Ethereum. The exchange further announced that UNI tokens will be available in the UNI/USD and UNI/USDT trading pairs with deposits going live from today. https://t.co/AZwoBOy3iq will list $UNIhttps://t.co/e4p5PT6CYR pic.twitter.com/BBPVm64KOo...Read More
Ethereum‘s network has for long faced scalability issues that have all contributed to gas fees climbing to newer and greater heights. A recent example of this was observed when Uniswap, a decentralized trading platform, announced the launch of its governance token UNI on 17 September. 1 billion ERC-20 tokens will be released over the next...Read More
Uniswap’s UNI token just released on the Ethereum main net. Soon after, Coinbase Pro and Binance announced its listing on their platforms. UNI’s market price soared through the roof (to the tune of 300 percent) post the news. Coinbase Pro Announces Listing For Uniswap’s UNI Token According to a blog article, US-based cryptocurrency exchange Coinbase...Read More
After Bitcoin, Ethereum has been the hottest cryptocurrency in the market, especially off-late, with its growth driven by Decentralized Finance [DeFi]. In fact, DeFi’s growth has become synonymous with the growth of Ethereum due to the latter’s heavy utilization in DeFi protocols. Today, investors have moved on from simply holding on to the second-largest crypto-asset...Read More
Within an hour of Uniswap launching its long-awaited UNI token and yield farming incentives, Ethereum started to grind slower under the pressure, and gas fees have surged as the transaction queue lengthens. Uniswap ETH Pools Launched The big draw for DeFi farmers is the four ETH based liquidity pools the Uniswap has just launched to...Read More
They say crypto’s biggest appeal lies in how fast one can acquire ‘Lambos,’ fly ‘to the moon’ and get their ‘numbers to go up.’ The Lambo aspect is still relevant as folks are making insane money day in and day out. The other two, not so much. Although traders still bet on prices of Bitcoin,...Read More
That is until today when the lead developer has submitted the first official proposal for the Phase 0 stage of the migration to Ethereum 2.0. Phase 0 EIP Submitted Ethereum developer Danny Ryan has submitted the first Ethereum Improvement Proposal (EIP) 2982 to the Github repository. This marks the first official step to getting Phase...Read More
Germany-based video game company CipSoft has released a game that fully operates on the Litecoin blockchain and does not have a central server according to an announcement published on twitter today. Named LiteBringer, the online role-playing game is similar to CipSoft’s first video game Tibia which involves fantasy characters, difficult quests and rewards. In LiteBringer though,...Read More
For Ethereum and the rest of the altcoin industry, volatility is high at the moment. With the price undergoing massive sell-off and surges on a 24-hour period, Ethereum has entered a transitionary realm when bears are losing their grip on the long-term. With consistent recovery since September 3rd, there was a high probability for Ethereum...Read More
Another brutal week passes with the Bitcoin price still stagnant around $10k. The digital asset has been losing dominance in the market, something which was observed in the previous bull-cycle as well. Does this mean BTC was on-track to shoot to the moon? Of dominance and hype In 2017, BTC was losing market dominance as...Read More
Swisscom Blockchain will begin work on a cloud-based security layer for Polkadot after it was awarded a development grant by the Web3 Foundation. The security solution will focus on providing an extra layer of security for users who stake coins on Polkadot’s Proof-of-Stake (PoS) network. Swisscom Awarded Web3 Foundation Grant The Web3 Foundation oversees the...Read More
Bitcoin and cryptocurrencies present numerous advantages over the traditional financial systems, including faster transactions, while paying only a fraction of the cost. The decentralized nature, meaning a lack of central authority behind them, has attracted lots of fans, investors, and users over the past decade. However, this same feature could also display some serious issues...Read More
Disclaimer: The findings of the following article attempt to assess Ethereum’s price trends and the direction of it in the near-term With the DeFi bubble cooling off, the situation has started to go sideways again. The prices of Ethereum and even Bitcoin are now moving within certain ranges, a development that is good for scalping....Read More
Binance has made it no secret that it aims to dominate the world of DeFi as it has done with the crypto industry. The company is clearly angling to become the Google of crypto, launching new products and incentives on an almost weekly basis. The latest hot DeFi launch, Binance Smart Chain, is gaining traction...Read More
Ethereum’s price had sustained itself above the $320-level for a period of over 6 weeks. However, it dropped below $320 on 6 September, following which, a massive recovery effort saw ETH climb to $386 within a week. While a profit of 20.25% can be noted over the past week, ETH was still recording losses of...Read More
$1000 invested in Bitcoin on 1 January would be worth $1439, as of today. In fact, at the time of writing, Bitcoin’s price was noting 43.9% in YTD returns. Ergo, it is no surprise that it is popular as an alternative investment in asset management circles. Despite the recent drop in Bitcoin’s price below $11,500,...Read More
Ethereum flipped a level of resistance to support, after rising from the lows of $320 on the charts. Even in combination with Bitcoin’s resolute hold so far on $10,000, the Crypto Fear and Greed Index was reading 41, a sign of fear in the market. While some altcoins struggled to shrug off bearish pressure in...Read More
Recent heavy congestion on the Ethereum blockchain appears to have had a beneficial knock-on effect for one cryptocurrency project in particular. Loopring (LRC) is a protocol for building non-custodial decentralized exchanges (DEXs) on Ethereum. It is also one of the few projects currently placed ahead of the curve thanks to its use of zk-rollup technology,...Read More
The cryptocurrency market has been lead by the largest digital asset – Bitcoin through a correction phase. As Bitcoin suffered a massive blow, the sentiment among the traders is predominantly fear. However, as the market saw the first wave of sell-offs, the sentiment fell by over 40 points and flipped to “fear”. Source: Alternative.me The...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Ethereum short-term market and its impact on price. Ethereum [ETH] managed to surpass resistance at $360.13 and has been moving higher. With its current trading value around $367.48, ETH may have been approaching a trend reversal. Source: ETH/USD on TradingView The above hourly...Read More
“To everyone. I F#$%ed up. And I am Sorry”- The anonymous creator of SushiSwap took to Twitter to address the community. Chef Nomi announced on Twitter today that he regretted his earlier actions which involved selling all his SUSHI for ETH which the SUHI community had feared was an exit scam strategy. He further published...Read More
After reporting tremendous gains during the rally, Ethereum has also succumbed to the correction setting in the crypto market. The second-largest digital asset has lost approximately 26% of its value in September, and this was one of its many problems. According to data provider Santiment, the ERC-20 market cap has ‘flippened’ the ETH market cap....Read More
Ethereum Classic Labs today announced a collaboration with cloud software solutions provider Storj Labs’s to increase the syncing performance of an Ethereum Classic node in a trustless manner using Storj’s blockchain-based cloud service, Tardigrade. ETC Core development team members believed that this partnership with Storj would also allow clients to take ownership of their data...Read More
Since the beginning of September, most of the market’s attention has been on the price of Bitcoin, Ethereum, and a few of the top altcoins, with the industry continuing to tackle intense bearish pressure, at press time. Amidst all the noise, however, on-chain development seems to have been forgotten somewhat, with the new Coinmetrics report...Read More
The cryptocurrency industry, while looked down upon with a lot of suspicion once, is turning out to be the saving grace of many investment portfolios today since Bitcoin is proving itself to be an asset that can hold its value in the long run. Institutional interest in Bitcoin, aided by increasing regulatory clarity, has surged...Read More
Leading cryptocurrency exchange Coinbase Pro announced today that the exchange would begin accepting inbound transfers of Ethereum-based token, Loopring (LRC) from 14 September onwards. According to the release, Coinbase Pro users could avail support for the LRC token on all Coinbase’s supported jurisdictions, with the exception of New York State. LRC trading is said to...Read More
This year has certainly been a test of the Ethereum network, pushing it to its limits under unprecedented loads. Users have been disgruntled with sky-high gas fees, but other on-chain metrics have been good for the overall Ethereum ecosystem. Economic Activity Surges A recent report by analytics firm CoinMetrics has revealed that Ethereum has flipped...Read More
Ethereum Classic Labs (ETC) announced a partnership with the blockchain analysis company, Chainalysis to offer Chainalysis KYT (Know Your Transaction) that would help cryptocurrency businesses comply with local and global regulations. With regard to this partnership, Chainalysis said it would also offer the ETC Labs startups, projects, and grantees access to Chainalysis subject matter experts...Read More
