The former BitMEX CEO explained to his readers why 2022 will be a big year for Ethereum. He considers that the network – after the transition to proof-of-stake consensus – will function as a commodity-linked bond. In contrast, the former CEO called BTC “pure money” that intrinsically “yields nothing.” Hayes sees Ethereum as an investment...Read More
The global crypto market has struggled to maintain stability as the scenario shifts on a regular basis. The market has been volatile in recent weeks, in contrast to the prior few weeks. On the daily chart, Ethereum (ETH) had broken through the $3,521 barrier before hitting reverse. The surge has been accompanied by an increase...Read More
After breaking out of the symmetrical triangle, the price of Ethereum signals a bullish future. ETH must overcome several obstacles before reaching major levels, despite its optimism. ETH Price Analysis Between the 24th of January and the 27th of March, the price of Ethereum formed a symmetrical triangular pattern. Three lower highs and four higher...Read More
The cryptocurrency-focused financial services company led by Michael Novogratz – Galaxy Digital Holdings – announced it will acquire the digital asset custodian BitGo between now and October 2022. Initially, the move was planned for the first quarter of the year. Delaying the Acquisition In May last year, Galaxy Digital agreed to purchase BitGo for approximately...Read More
The cryptocurrency market is closing the first day of April on a bearish note as most of the cryptocurrencies are expressing downfall. The crypto space was in a mood to rejoice as over the last few weeks these currencies were on green candles. Bitcoin, the world’s largest cryptocurrency by market capitalization, is facing a rejection...Read More
Given the total addressable market for digital on-chain transactions is far bigger than the current DeFi market size, worth around $200B, Grayscale said DeFi protocols powered by smart contracts are still being undervalued. The current capital markets alone are 500x more than the DeFi market, Grayscale outlined. In addition, NFT-associated transactions and Metaverse-related applications could...Read More
Shiba Inu’s all-new metaverse program could compete with established players such as Decentraland. The team behind Shiba Inu (SHIB) has unveiled the much-talked virtual reality project “SHIB: The Metaverse.” Instead of SHIB, the developers have picked ETH as a land pricing token. “SHIB: The Metaverse” As per the latest blog post, the metaverse will have...Read More
Ronin Network, a critical bridge chain that powers Axie Infinity, was attacked, and this resulted in in a loss of 173,600 Ethereum and 25.5M USDC, equivalent to over $600M. Since the breach occurred on March 23rd, the stolen funds have flowed into FTX, Huobi, and CryptoCom, which have all vowed to take actions to trace...Read More
After becoming the home of multiple digital asset companies in the past few months, Dubai wants to enhance crypto adoption through other tactics. This time, a local school reportedly said it wants to start accepting digital asset payments as tuition fees. School in Dubai to Accept Crypto? According to the Zawya report, parents in Dubai...Read More
One of the largest derivatives trading platforms has indeed proceeded with releasing options on Micro Bitcoin and Micro Ether futures, as promised earlier this month. The company outlined the growing investor demand for such products as the main reason behind the launch. CryptoPotato reported earlier in March CME Group’s intentions to launch options on Micro...Read More
Over the last weekend, short positions in the crypto market have jumped where they are expecting consolidation after the market’s latest rally. The total market capitalization has surged 12% in the last seven days and is currently positioned at $2 trillion with an increase of more than 4% in the last 24hrs. The current positive...Read More
Following a solid week, Bitcoin continues to lead other cryptocurrencies on a bullish attack into the weekend. Bitcoin’s daily candle closed at $44,340 on Friday, after briefly touching $45,000 on Saturday. The price has been on a bullish trajectory since Monday last week, with only a slight correction last weekend after the price reached $42,000....Read More
The number of large banking organizations opting in the digital asset industry continues to expand, with the latest example coming from Bank Leumi. The organization has partnered with blockchain company Paxos to provide Bitcoin and Ethereum trading services. Bank Leumi to Enter the Crypto World? Reuters reported on March 24 that Bank Leumi – the...Read More
With Ethereum 2.0’s (Consensus Layer) merge just around the corner, more and more businesses and institutions are looking to get into Ethereum staking. Of course, this feature became available in late 2020 on the Ethereum network as the first drop in a series of updates to help transition Ethereum from Proof-of-Work (PoW) to Proof-of-Stake (PoS)....Read More
MyEtherWallet (MEW) integrated the crypto startup MoonPay as its on/off ramp partner for users across all platforms. The initiative should provide customers with additional access to the Ethereum blockchain. MEW and MoonPay Shake Hands According to a document seen by CryptoPotato, the collaboration between the two entities aims to reduce the barriers of entering the...Read More
The co-creator of Ethereum, Vitalik Buterin, is somewhat known for his strong opinions on matters related and unrelated to cryptocurrencies. Recently, he’s been featured in a TIME Magazine interview that had the entire crypto world buzzing. Vitalik Buterin on BAYC Hype People who’ve been following the crypto space for more than a few months must...Read More
The crypto market has started off the week, in a rather sluggish way. BTC fails to make further gains but is holding ground above $41K. ETH too is trying to inch towards $3K resistance level. Most other coins follow the same trend. The charts show that Bitcoin (BTC) and Ethereum (ETH) are about to end...Read More
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
