Sophie Gilder – Head of Blockchain and Digital Assets at Commonwealth Bank of Australia (CBA) – revealed that the financial institution could start offering more cryptocurrency services to clients. She further disclosed that the organization seeks to double the size of its blockchain team in the months to come. ‘Crypto is Here to Stay’ Australia...Read More
Ethereum has officially burned more than two million ETH via the EIP-1559 upgrade implemented last year. The biggest on-chain gas burner on the Ethereum network is the leading NFT marketplace OpenSea, followed by ETH transfers. Other gas guzzlers include Uniswap, StrongBlock, Tether, etc. Ethereum Burning According to the latest stats in Watch the Burn, the...Read More
The folks from the cryptosphere holding onto the second-largest crypto asset Ethereum, have been in talks of Ethereum’s burn feat. As the protocol’s total burn count surpasses the 2 Million milestone, that tallies to a whooping ~$5.8 Billion. On the other hand, the amount of ETH held in crypto exchanges falls to its lowest level...Read More
Li Finance (LiFi) became the latest victim of cyber-attackers, with nearly $600,000 worth of cryptocurrencies stolen from 29 wallets. Shortly after, the team published a post explaining the issue and promised to reimburse all affected users. LiFi Falls Victim to a DeFi Hack The blockchain protocol explained that the attack occurred on March 20, 2022,...Read More
Shiba Inu (SHIB) has long been one of the most popular memecoins on the market, and it has attracted the interest of retailers from all over the world. However, it appears that whale Ethereum addresses are also interested in the cryptocurrency. Data from the popular resource tracking large transactions recorded a large Ethereum whale buying...Read More
Formerly known as a Bitcoin-only derivatives exchange, BitMEX has abandoned its plans as it adds support for new assets, with the latest being Ethereum’s native token – Ether. The announcement from March 21 informed that users will be able to deposit, withdraw, buy, and convert ETH effective immediately. This comes as an addition to the...Read More
Our platform is growing with the launch of Ether (ETH) support. From today, BitMEX users will be able to deposit, withdraw, buy, and convert ETH, Ethereum’s native token. We will also be supporting a growing range of coins and tokens over the coming weeks, so stay tuned. Here’s a deeper look at what you’ll be...Read More
Bitcoin went on the offensive yesterday, hitting $42,000, a near 10-day high, after dropping to $40,000 the day before. Today’s altcoins have also turned green, with Ethereum aiming for $3,000 and Avalanche surging by more than 9%. While updating his forecast on top cryptos Bitcoin (BTC) and Ethereum (ETH), a leading crypto expert claims that...Read More
The launch of APE coin has undoubtedly been the story of the week. The cryptocurrency hit the public markets on Thursday after being airdropped to holders of NFTs associated with the Bored Ape Yacht Club (BAYC). It appears that large Ethereum holders are betting big on the token as well. Two of the largest Ethereum...Read More
After being compared to Tom Brady (with a few modifications), Ethereum’s co-founder said he mistook the American football legend for Tom Cruise. Yet, Brady, who already has some connections with the cryptocurrency industry, answered that he is a big fan of Buterin. Brady Is a Fan of Buterin It became known in the past week...Read More
The ETH price is close to $3000 levels where-in one can expect a huge influx of volume flooding in. The bulls are expected to get activated above these regions with mounting confidence. However, with another scenario being surfaced, the Ethereum price may undergo extreme drain in the upcoming week. Many proponents do talk about the...Read More
Ethereum scaling solution, Optimism has raised $150 million in Series B funding, co-led by Andreessen Horowitz and Paradigm. In the latest blog post, the blockchain startup revealed that it is currently valued at $1.65 billion. The fresh round of funding will be directed towards expanding its team. Optimism’s Solving Ethereum’s Scalability Woes Ethereum has established...Read More
Despite recent huge events in the crypto industry, Bitcoin is experiencing a period of exceptional price stability. In that time, there have been a few minor ups and downs, triggered by big global events such as Russia’s invasion of Ukraine, but no long-term trend has emerged. Advertisement The broader cryptocurrency market has mostly followed bitcoin’s...Read More
The team behind the Bored Ape Yacht Club outlined plans to launch a new native token, ApeCoin, which will be distributed among owners of such NFTs. Shortly after the announcement, the floor price for BAYC NFTs skyrocketed to above 100 ETH. ApeCoin (APE) was announced yesterday, and the team described it as a “token for...Read More
Vitalik Buterin on Wednesday whetted his support for Ukraine against the Russian invasion. He said similar wars may be raging on in other parts of the world but that doesn’t mean people should stop caring about the Ukrainians or vice-versa. Buterin in Support of Ukraine In a tweet Wednesday morning, Ethereum’s co-founder said: “Ukrainians are far...Read More
As the broader crypto market continues to decline, the world’s wealthiest Ethereum (ETH) whales are accumulating a top ETH competitor. Advertisement Fantom (FTM), a scalable smart contract-enabled blockchain, was the top target of the 500 largest ETH addresses on record over a 24-hour period this week, according to WhaleStats on Twitter, flipping popular dog-themed joke...Read More
The Nordic-based financial technology firm – Lunar – closed a $77 million financing round. The organization reached a valuation of $2 billion and introduced a cryptocurrency trading platform. Lunar Dives Into The Crypto Industry The Danish company Lunar secured a $77 million Series D-2 funding round, bringing the series’ total to $310 million. The investment...Read More
The deposit contract for staking on Beacon chain – the blockchain providing the spine of the Ethereum 2.0 ecosystem – has now collected over 10 million ETH. That’s $26 billion of staked value at current prices. Ethereum 2.0 is a long-awaited Ethereum upgrade that will convert Ethereum’s consensus mechanism from proof of work to proof...Read More
The altcoins were displaying notable strength after a slight variation with the Bitcoin price earlier. With gaining momentum, the altcoins mainly Ethereum displayed a notable tendency to breach through $3000 levels. However, quickly the bear capitulated the space and dragged the price below $2500. No doubt the asset is undergoing a notable flip, yet the...Read More
Kyber’s team stated that expensive gas fees and the network congestion on Ethereum left users, creating a need to solve it through Layer-2 scaling solutions such as Arbitrum. The main objective behind the multi-chain decentralized exchange (DEX) and aggregation platform – KyberSwap announcing its launch on the scaling solution – Arbitrum network – is to...Read More
Quick take: Officials in the EU and US have expressed concerns that Russia might use cryptocurrencies to evade sanctions The EU is taking all measures to guarantee that digital assets will not be an alternative for Russia amidst sanctions US Senators have asked Treasury officials, how they are overseeing digital assets in the wake of...Read More
The last time ETH Denver was held in person, ETH’s market cap stood at $30B, DeFi hadn’t had its breakout summer, and few people outside of the 6,000 attendees knew what an NFT was. Fast forward to 2022 and a 10x in ETH’s market cap, the rise of NFTs, a DAO resurgence, and a year...Read More
The fifth-largest Ethereum mining pool – Flexpool – announced it will no longer provide services to customers in Russia. By doing so, the entity opposed Putin’s military operation and showed solidarity with Ukraine. The mining company became the first in its field to halt its endeavors on Russian soil. This comes a day after the...Read More
Bitcoin and Ethereum underwent a decent rebound since the early trading hours. And showcase the possibilities of going parabolic despite outpowering the fear of a plunge. Despite the current conditions being pretty uncertain, the upcoming days may witness steady growth. And as both are hovering just above these levels and aim to rebound finely after...Read More
Yearn Finance, a DeFi protocol providing yield farming, lending aggregation, and other services, launched on another blockchain network – Arbitrium. Arbitrium is the largest Ethereum layer 2 blockchain, with about $3 billion in total value locked. It also has much lower fees, up to 10 times lower than Ethereum’s, the company pointed out. Moreover, popular...Read More
Opera – a web browser supporting Web3 – announced integrating Starkware-powered DeversiFi in collaboration with a blockchain-backend company Gateway.fm. Thus, it has enabled its users to transact with Ethereum Layer 2 directly. The latest move is part of Opera’s plans to offer cost and time-efficient transactions within its mobile browser wallet as well as its...Read More
The Cardano network is now in the second position to Bitcoin, thereby outpacing both Litecoin as well as its rival smart contract platform Ethereum in terms of 24-hour transaction volume. Cardano’s On-chain Activity According to the data curated by Messari, over the past day, the Cardano blockchain registered a transaction volume of a whopping $17.04...Read More
According to a recent analysis, the Pyongyang-led cybercrime organization – the Lazarus Group – employs advanced techniques to steal and launder cryptocurrencies. The gang has shown “remarkable adaptation to evolving regulation,” the report warned. North Korea and Crypto While China and Russia traditionally captivate the attention of most democratic governments concerned about cyber security, totalitarian...Read More
The crypto continues to bleed in red even today. Bitcoin has dipped below $40K down by 1.3% in the last 24 hours. ETH is down by 5.3% and all other tokens on the chart follow suit. However, XRP defies the market trend as it trades up by 5.3%. Advertisement Justin Bennett, a crypto analyst, is...Read More
