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
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
