After a large loss, cryptocurrency markets rallied back yesterday, with Bitcoin and Ethereum up 15% and 17%, respectively, after a big decline. El Salvador’s president, Nayib Bukele, recently released rendered graphics of a planned Bitcoin mining unit that would be powered by the country’s active volcanoes (the thermal energy generated from volcanoes can be converted...Read More
The total amount of ETH staked ahead of the upcoming Ethereum 2.0 upgrade has grown significantly and will likely continue to increase as the launch date draws closer. 100 ETH Staked in a Day Data from CryptoQuant revealed yesterday that more than 100k ETH worth over $200 million as per current prices was sent to...Read More
For the first time in a month, Ethereum has dropped below $2,000. HODLers are hoping that today’s pullback isn’t the start of a longer-term bear market. Before becoming used to the price in April, the second-largest cryptocurrency fell momentarily below $2,000 twice. Once in mid-April and again in mid-May but each dip lasted only a...Read More
The pace at which Ethereum price is moving in order to recover the loss from the past month crash is always under a watch. Moreover, the price movement was also anticipated to be lagging behind that of Bitcoin. And hence it is believed that ETH price is highly undervalued. As BTC price was moving sideways...Read More
Over the past seven days, we saw yet another unsuccessful attempt of Bitcoin to breach the coveted $40K mark definitively. Let’s roll back a little. Last weekend, the price was rather indecisive as it was struggling beneath $36K. All this changed on Sunday, however, when bulls stepped in and took control over the market. By...Read More
The Bitcoin price since the price slash has not shown the tendency to rise above the levels till now. However, it did multiple attempts to jump towards the north, yet dropped to its initial levels. A similar trend was also seen with the Ethereum price as it also fails to move and sustain above $2500....Read More
Metis, the blockchain protocol aiming to serve as Layer 2 for the Ethereum network, has launched its second testnet enabling users to preview the platform. Additionally, the project has unveiled a new Ecosystem Development Program with a more robust and accessible DLT. Metis Launches Second Network Testnet Developed as an Optimistic Rollup, Metis advertises itself...Read More
‘Buy Ethereum If It Breaks These Levels’ Ethereum price is showing some indications of a strong bull run approaching very fast. The price after a great brawl pierced above $2500 levels in the past trading hours. However, the price movements in the recent past suggested a slight pullback was quite possible. To everyone’s surprise, the...Read More
Anthony Di Iorio, a Canadian entrepreneur and the co-founder of leading smart contract platform Ethereum, said that he believes in the potential of Cardano (ADA) and Polkadot (DOT). In an interview with crypto proponent Anthony Pompliano, Di Iorio, who is also the CEO and founder of Canadian blockchain startup Decentral and crypto wallet Jaxx, revealed...Read More
Ethereum price has been volatile of late, but in hindsight, it has grown exponentially this year. Eth has even outperformed Bitcoin and also dominates 19% of the total market cap. The price right now is in a consolidation phase and is on the brink of a big leg up or a leg down. Advertisement Popular...Read More
The market has been consolidating over the last week, attempting to break out of its present levels in order to reclaim bullish trends. The total market capitalization of all tokens increased to $1.66 trillion on June 7. The largest cryptocurrency, bitcoin, was trading in the positive region, following support near $36,000-$37,000 levels, in accordance with...Read More
American experts warned that some spouses use digital assets as an instrument to hide money during divorce arrangements. There Are Always Ways According to a recent New York Digital Investment Group (NYDIG) survey, nearly 50 million Americans currently own bitcoin. Furthermore, the popularity of altcoins is also on the rise. With the above in mind,...Read More
Gemini founders Cameron and Tyler Winklevoss projected the price of Ethereum, the second-largest Cryptocurrency, in a recent podcast and exclusive conversation with SUMZERO CEO Divya Narendra. While referring to ETHEREUM as “digital oil.“ Advertisement Where will ETH Price go by the end of the year? They claimed that the price of Ethereum was $1400 just...Read More
Bitcoin is trading more or less where it was a week ago, following another seven days of choppy price actions. This time, however, it seems that it was an event that propelled its most recent decline and the catalyst was no other but Elon Musk. Last weekend kicked off with a crash towards $33K on...Read More
The antivirus company NortonLifeLock announced a new feature on its platform, named Norton Crypto. Its mission will be to enable customers to mine Ethereum in a safe and accessible way. Mining ETH In a recent announcement, the cybersecurity firm notified its nearly 13 million customers about a new service on its platform. Called Norton Crypto,...Read More
Philips will be auctioning a world-famous artwork called “Laugh Now Panel A” created by the anonymous street artist Banksy. Jonathan Crockett – Asia Chairman at the company – announced that BTC or ETH would also be accepted as a means of payment on the auction. Philips Enters the Crypto Community In a recent Bloomberg interview,...Read More
According to recent data, the amount of ETH locked in the ETH 2.0 deposit contract has reached over five million, marking a major event for the Etherum community. Data from Dune Analytics shows 5,223,042 ETH —$14 billion at press time— has been sent to the ETH 2.0 contract. The lock-up amount is nearly 1,000% of...Read More
Cryptocurrency developments in Europe are emerging left and right as four issuers received approvals to list exchange-traded products on different exchanges, including in Paris and Amsterdam for the first time. Additionally, Germany’s regulated exchange for crypto assets released a mobile trading app for Android and iOS users. Four Issuers Launched Crypto ETPs in Europe With...Read More
Charles Hoskinson – the creator of Cardano – opined that central banks would fade away as they are slow and corrupt. Furthermore, he claimed that crypto is the cure to the current financial system. Crypto Is The Antidote In a recent video, Hoskinson shared his thoughts on the financial ecosystem and the significant role of...Read More
Bitcoin, and the entire cryptocurrency market, saw yet another choppy week where prices failed to recover substantially and continued to struggle. The past seven days didn’t exactly go according to the intentions of bulls as the price of BTC is down about 9%, currently trading around $37,000. It all started last Friday when the price...Read More
Less than a month after VanEck filed documents with the SEC to launch an Ethereum ETF, WisdomTree has done the same. The asset manager, based in New York, has previously applied for Bitcoin ETFs but to no avail so far. Founded in 2006, WisdomTree is an American exchange-traded fund and exchange-traded product sponsor and asset...Read More
Charles Hoskinson – the founder of the blockchain platform Cardano – revealed his three reasons why Ethereum falls behind his project. Additionally, he scratched the topic of BTC’s energy consumption. Why Cardano Is Superior to Ethereum? In a recent Yahoo Finance interview, Cardano’s founder Charles Hoskinson criticized Ethereum’s network by calling it overrated and outlining...Read More
Polygon, the Ethereum layer-2 solution formerly known as Matic Network, has released the first version of its network enabling developers to deploy ETH-compatible chains using the Ethereum Virtual Machine. Dubbed Polygon SDK, it marks the start of Ethereum’s transition into a multi-chain ecosystem. Polygon SDK Arrives Ever since the protocol’s rebranding from Matic Network to...Read More
Ethereum Price On Pivotal Phase! The Ethereum price rally showcased a pretty steady approach, by surging with strong momentum. No doubt, certain pullbacks hindered the price rally to some extent, yet it managed to bounce back quickly without wasting much time. And hence, Bitcoin is no longer the only largest and dominant crypto. Advertisement Despite...Read More
Ethereum (ETH) Co-founder Vitalik Buterin had some words for Elon Musk after posting on Twitter that Dogecoin could increase its block size by 900%. Vitalik had several counterarguments for Musk’s claims in a paper published on his personal blog. He emphasised that scalability and higher throughput can be achieved by simply increasing the network’s parameters....Read More
Tom Tugendhat, a member of Parliament of the United Kingdom, urged the nation towards implementing more innovations in its financial sphere. Interestingly, he also outlined the growth of the cryptocurrency sector and hinted he was more bullish on ether rather than bitcoin. UK Member of Parliament Bullish on ETH Tugendhat is a British Conservative Party...Read More
Buterin, who has had a sizeable chunk of his personal wealth wiped out over the past week, told CNN that he is not concerned about the market crash stating that we have had several of them before. He likened the current situation to a bubble stating that knowing when they will pop is “notoriously hard...Read More
Bitcoin fell below $43,000 for the first time since February 2021, causing a 10% correction in the cryptocurrency market in the last 24 hours. The two largest cryptocurrencies also seem to be having a hard time maintaining the uptrend. While Bitcoin Price is struggling to move above $50k and find a direction recently, Ethereum also...Read More
To say that last week was eventful would be an understatement. The entire market went through extreme volatility. Many altcoins charted new all-time highs and went through serious declines as well. Let’s start with Bitcoin. The cryptocurrency is currently down about 10% on the weekly – last Friday, it was trading at around $57K. Unfortunately,...Read More
DeFi protocol Rari Capital plans to reimburse its affected users after a hacker managed to exploit its liquidity pool, draining 10 million worth of Ethereum (ETH) – around 60% of users’ funds. Jai Bhavnani, Rari Capital CEO, said the protocols’ core contributors have agreed to return 2 million of their $RGT —which was initially allocated...Read More
