The US government sent another set of stimulus checks to its citizens following the most recent relief bill signed by President Joe Biden. Interestingly, two surveys asking people how they plan to utilize the funds indicated that about 10% will be allocated in cryptocurrencies. 10% of Americans to Put Stimulus in Crypto? Earlier this month,...Read More
Meitu is a software development firm listed on the Hong Kong Stock Exchange, most known for its selfie-editing app. The app was massively popular in China before adding built-in filters and editors to major social media platforms. Since then, however, the company has struggled to find new avenues of growth. Now, the company is following...Read More
Decentralized finance representatives like Uniswap are bubbles that come and go, but Cardano is looking to run entire countries on its blockchain, said Charles Hoskinson. In a recent interview, the project’s founder also predicted that at least 100 protocols could switch from Ethereum to Cardano when it goes live. From Ethereum to Cardano While speaking...Read More
The contentious Ethereum Improvement Proposal (EIP) 1559, will be included in its codebase in July this year. This became clear during the All Core Developers call today. EIP 1559: What Does it Mean for Fees? Ethereum’s Improvement Proposal 1559 is aimed at improving the overall Ethereum’s user experience when it comes to transaction fees. Typically,...Read More
The Wider the Base, the Longer the Chase Ethereum, the second most preferred crypto asset in the space, is on the verge to coil up to the higher levels. The asset followed an intensive uptrend since the early trading hours and more interestingly without any selling pressure. Hence intensifying the Etheruem price rally yet again. The...Read More
Despite record highs for network charges in February, development on some of the industry’s leading Ethereum based projects has continued unabated. The research stated that development activity is an often-underrated indicator of project success. It demonstrates the ongoing commitment to creating a working product, continuously polishing and upgrading its features, and staying true to the...Read More
Futures contracts allow institutional investors to hedge against future price movements of an asset with the possibility of shorting them. Just like with Bitcoin, the Chicago Mercantile Exchange launched its products when Ethereum was trading on its way to an all-time high. It is unsurprising then that the first month of trading futures has been...Read More
A month after launching a Bitcoin ETP on Switzerland’s SIX Exchange, CoinShares has released a physically-backed exchange-traded product following the performance of the second-largest cryptocurrency – Ethereum. Describing itself as “Europe’s largest digital asset investment house,” CoinShares is a cryptocurrency-oriented manager with over $4 billion in AUM. The company, headquartered in London, announced the launch...Read More
In a blog post on Feb. 26 titled “Crypto goes mainstream” the retail trading app revealed that it had seen six million new customers on Robinhood Crypto so far this year. The number of new monthly customers buying from its crypto platform in 2021 is 15 times the 2020 average. “By comparison, this number peaked...Read More
The head of the Bank of Korea, Lee Ju-yeol, said that Bitcoin and other major cryptocurrencies lack intrinsic value. However, he believes that all assets will continue to experience significant price fluctuations. Price Surge Because of Pro-BTC Institutional Investors? The chief of the Bank of Korea said cryptocurrencies, including Bitcoin, do not possess inherent value....Read More
The Ethereum gas fee insanity has not abated despite a 22% correction in ETH prices. With a new all-time high in gas fees today, the 24-hour ‘revenue’ figure for the network is very close to $50 million. According to Cryptofees.info the number in daily fees generated by Ethereum is a monumental $49.55 million at the...Read More
Bitcoin recently became a trillion-dollar asset as its price also surged past $57,000. A few hours later, ETH made headlines as it crossed the coveted $2K mark. Several other cryptocurrencies have also performed well. Tesla’s CEO, Elon Musk, is of the opinion that the prices of both digital currencies are high. Pro-gold and anti-bitcoin economist...Read More
This is one of the most monumental weeks in Bitcoin’s history. Today, February 19th, 2021, for the first time ever, the cryptocurrency’s market capitalization surpassed $1 trillion. That’s right! Bitcoin became a trillion-dollar asset! This became possible after a dynamic week of trading where BTC’s price surpassed $50K for the first time in history. Just today,...Read More
Residents located in the canton of Zug, one of the 26 cantons in the European country, will be able to use Bitcoin and Ethereum to pay their cantonal taxes as of this week. This comes just months after the canton partnered with Bitcoin Suisse to enable the innovative initiative. CryptoPotato reported the partnership between the...Read More
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, February 16th, Ethereum keeps consolidating — the market is clearly gathering powers to go on actively. The altcoin is now trading at 1,793 USD. On D1, ETH/USD renewed the highs again. The MACD histogram remains above zero but is declining gradually, signalling the beginning of a correction....Read More
Ethereum Price Rally to Hit 5-Figures This Year! The Ethereum price in recent times has sustained multiple rejections at $1800. Moreover, it had maintained strongly above the levels for a quite long time, also hit the highest levels at $1871 a couple of days before. However, the price experienced a slight pullback, yet poised to...Read More
Ethereum found support at $1700 and rose higher with $2000 as its target. Aave threatened to drop toward $480 in the coming days, and Monero shot past the $200 mark with $220 the next level of resistance for the bulls to test. Ethereum [ETH] Source: ETH/USD on TradingView Ether broke out of an ascending triangle...Read More
The past week saw Bitcoin’s price surge by over 18 percent, with the world’s largest cryptocurrency trading close to $45,000, at press time. It should be noted, however, that following reports of Tesla investing over $1.5 billion in Bitcoin, BTC climbed to register a new ATH above $48,000, before corrections set in. The question thus...Read More
Hackers took control of a Belgian Minister’s Twitter account on the night of 10 February; however, the fact that the account’s name was changed to ‘Ethereum Foundation’ seemed to have made news in the crypto space. The account belongs to Tinne Van der Straeten who is Belgium’s Federal Minister for Energy. The incident occurred just...Read More
After recording yet another ATH on the charts, one well beyond $1,800, Ethereum currently has its eyes set on the $2,000-mark. While quite a few of its on-chain metrics are flashing positive signs, other noticeable concerns are creeping up as well. The culprit here, according to many, is a familiar foe (fee*). Source: Coinstats Ethereum...Read More
The effects of Elon Musk’s tweets and Twitter bio update have been felt throughout the Bitcoin community, with the crypto’s price responding to the same in the last 72 hours. In fact, in a 24-hour period alone, Bitcoin’s price hiked by over 18 percent, a hike fueled by Musk’s tweets and institutional demand. In response...Read More
Ethereum has been hitting milestone after milestone this year, and the latest is the amount of it staked on the Beacon Chain deposit contract. There is now just over 3 million ETH staked on the ETH 2.0 blockchain, worth a staggering $5.4 billion at current prices. According to the beaconcha.in analytics platform, there are currently...Read More
The narrative has been very similar for the market’s top-two digital assets over the past couple of months. Relishing the scale of bullish momentum in the market, Bitcoin investors turned up the buying pressure over the last 24-hours after Tesla announced its 7.7% capital reserve investment. In fact, just a few hours later, Bitcoin climbed...Read More
The popular Layer-2 scaling solution for the Ethereum blockchain, Matic Network, has rebranded its project to Polygon. Upon the name change, Polygon also announced plans to enhance its support for the Ethereum network to scale faster and reduce the growing transaction costs. Matic Network Becomes Polygon Known as Matic Network until today, the project serves...Read More
The regulated stablecoin fully backed by the US dollar, Stably USD (USDS), will launch on the popular public blockchain – Tezos as a part of an ongoing collaboration between the two parties. The stablecoin issuer aims to target lower fees with the Tezos network, which recently went through an upgrade that decreased the costs by...Read More
With its massive $1.5 billion purchase of bitcoin, the electric vehicle giant Tesla has inadvertently helped the cryptocurrency to surpassed it in terms of market capitalization. With BTC’s price skyrocketing to new highs and its market cap following, bitcoin is now ranked as the 7th largest asset. Bitcoin Surpasses Tesla For The 7th Spot Elon...Read More
In what is more good news for the crypto-ecosystem, Ethereum, the world’s largest altcoin, surged past yet another milestone on the price charts, with ETH breaching the $1,800-mark to post a new ATH. Corresponding to the price hike, ETH’s market cap also exceeded $200 billion for the first time recently. It should be noted, however,...Read More
After purchasing 16,244 BTC ($607 million at the time) on 18 January, Grayscale remains as one of the biggest institutional buyers in the Bitcoin market. On 15 January another update from the firm stated that Grayscale’s total assets under management were $27.1 billion in crypto. Charles Edwards, founder of Capriole investments put forward that Grayscale...Read More
As of last week, Ethereum’s native crypto surprised the market as it reached another all-time high above $1,700, on 5 February. Following this, many in the crypto space began to think that the asset could become more established. Especially with the expected launch of ether futures contracts from CME. Even though the second-biggest cryptocurrency by...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Ethereum formed an ascending triangle pattern on the charts but faced some resistance at the $1760 mark. While high gas fees are a blow to decentralized exchanges, they could also persuade users to turn...Read More
