The digital arm of financial services giant Fidelity Investments is working towards boosting its workforce by 70% in response to increasing institutional demand for cryptocurrency. In an interview with Bloomberg on Monday (July 12th, 2021), the President of Fidelity Digital Assets, Tom Jessop, revealed that apart from hedge funds and family offices, retirement funds and...Read More
The leader of Altcoins Ethereum has been struggling to break through key levels and cement them further. ETH price attempted to break through the moving average (MA 50) barrier, hitting as high as $2,411. But, it retraced back to $2,050. Currently, ETH is trading at $2107.80 down by 0.9% in the last 24 hours. As...Read More
Bitcoin failed to produce any notable gains over the past week, and the same can be said about the entire cryptocurrency market. It appears that the most recent regulatory clampdown in China and talks of legislation in other countries continue to take their toll. At the time of this writing, BTC is trading at around...Read More
Tesla’s CEO Elon Musk believes transactions costs and speeds using bitcoin and ether are expensive and slow at the base layer. Instead, he indicated that the meme coin that started as a joke – Dogecoin – could serve as a solution as it minimizes the fees. The popular cryptocurrency YouTuber Matt Wallace, lately focusing on...Read More
Barely two days since the launch of ShibaSwap, a DeFi platform coming from the popular Ethereum-based meme project, Shiba Inu, more than $1.5 billion worth of assets have been locked on the exchange. ShibaSwap Records $1.5 in TVL As with many DeFi projects, ShibaSwap also introduced a yield farming program that allows users to stake...Read More
Guests of the Pavilions Hotels & Resorts can now pay for their accommodation with over 40 cryptocurrencies, including BTC and ETH. The service will be available from today – July 7th. An Exotic Adventure in Exchange for Crypto According to a recent press release, The Pavilions Hotels & Resorts partnered up with the cryptocurrency trading...Read More
Bitcoin Bitcoin has been trading in a range of $32,500 to $36,500. Volumes have held up well, and network activity has been good as well. Investors have been warned that a break below the critical $30,000 mark could mean problems, according to analysts. According to a cryptocurrency specialist at JPMorgan, the Bitcoin bear market is...Read More
Switzerland’s Sygnum Bank announced that its customers could use its institutional-grade banking platform to stake ETH for Ethereum 2.0 from their existing wallets. Sygnum’s Pioneering Move Sygnum revealed that it intends to become the first banking institution to provide Ethereum 2.0 staking. In doing so, its clients may be able to earn returns of up...Read More
The number of ether coins held on exchanges continues to decrease and has reached its lowest position in more than two years. This comes as the tokens sent to the ETH 2.0 contract reached a new all-time high of over six million. ETH on Exchanges Down to a 2.5Y Low According to data from CryptoQuant,...Read More
Although Dogecoin’s popularity might be declining lately, other copycats continue to garner people’s attention, especially in the USA. CoinMarketCap’s stats show that tokens like Doge Killer, Baby Doge Coin, and Shiba Inu were among the most trending ones last week in the States, while Bitcoin and Ethereum were down the list. What Do Americans Look...Read More
Coinfirm revealed that some users on the notorious Darkweb have been selling falsified vaccine certificates for COVID-19 and stolen doses of vaccines in exchange for a variety of cryptocurrencies. Per the report, one can buy 10 shots of the AstraZeneca product for $250 or its crypto equivalent. BTC in Exchange for a Coronavirus Shot Criminals...Read More
Going against the stance of the bank’s crypto disparaging CEO, Jamie Dimon, the analysts argued in a report this week that blockchains running more energy-efficient networks than Bitcoin will increase in popularity. Staking currently generates an estimated $9 billion worth of revenue annually for the crypto industry, according to the report. The researchers predict that...Read More
A new rush of unpredictability has debilitated the cryptocurrency market, with Bitcoin Price falling almost 2%. While Ethereum has gained substantially for the first time since last week, most other virtual coins are struggling to register gains. The global cryptocurrency market cap is $1.45 trillion, a 3.04 percent increase over the last day while the...Read More
Ethereum’s hashrate has plummeted more than 25% since its peak level in mid-May. This is the direct result of China’s crackdown on cryptocurrency mining and the resultant exodus of mining operations. According to Bitinfocharts, the Ethereum network hashrate hit an all-time high of 585.5 TH/s (terahashes per second) on May 20. In the weeks that...Read More
Research by crypto analytics firm Glassnode has revealed that institutional demand remains slow as the Bitcoin market continues to fight for support while mining selling pressure increases. The report stated that one of the largest factors in the institutional narrative has been the one-way flow of crypto assets into Grayscale’s GBTC trust fund. Traders sought...Read More
Mad Money host Jim Cramer is still bullish on Bitcoin, but instead of buying more BTC he went for Ethereum this time, claiming it can be used to buy more things like NFTs (Non-Fungible Tokens). In an interview with CNBC’s Squawk Box, Cramer said a lot of money is coming to Bitcoin despite its current...Read More
While the price of Ethereum is beginning to define a new trading range, it is unsurprising that ETH did not receive much attention in the last quarter as it was pulled down with Bitcoin in the severe market crackdown. On-chain activity in Bitcoin and Ethereum is at an all-time low, with demand for block-space plummeting...Read More
The authorities of South Korea confiscated the cryptocurrency holdings of 12,000 people. The locals received charges of tax evasion, and 53 billion won or $47 million worth of BTC, ETH, and other digital assets were seized from them. The Largest Crypto Seizure for Back Taxes in Korean History Following a months-long investigation, the officials in...Read More
The institutional liquid staking provider StakeHound alleged the cryptocurrency security company Fireblocks of failing to protect its wallets. According to the accusations, about $77 million worth of ether was irrevocably lost. The Disappearance of $70M Worth of ETH: Disaster and Damage The Israeli publication Calcalist reported that StakeHound filed a lawsuit against Fireblocks for losing...Read More
On June 25, over $1.5 billion of Ether (ETH$3.3 )’s billion notional open interest (OI) in ETH options will expire, making it the highest options expiry ever. Over 638,000 ETH options contracts are due to expire in June, representing 45 percent of total open interest in these options. A slew of options expired on the...Read More
Ethereum’s London hard fork launched on the Ropsten testnet on June 24 in preparation for the mainnet rollout in July. The upgrade will usher in the implementation of the highly anticipated EIP-1559 modification that will adjust the Ethereum transaction fee calculation mechanism. Ropsten in #London!Welcome #EIP1559https://t.co/oKhEMR83fz — Nethermind (@nethermindeth) June 24, 2021 The next phase...Read More
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
