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The rise of NFTs and their influence on the Ethereum ecosystem
5.4.2024
In the early 2010s, blockchain technology emerged, and cryptocurrencies such as Ethereum and Bitcoin began to enter the platform. That is when the idea of NFTs also got its origin. Blockchain technology ensures ownership of NFTs, which are non-transferable, non-interchangeable, and irreplaceable....
Ethena Labs to Scale USDe Stablecoin with Bitcoin Backing
5.4.2024
Ethena Labs plans to use Bitcoin as backing to expand the capacity and stability of USDe stablecoin, which is currently backed by only Ethereum liquid staking tokens.
The post Ethena Labs to Scale USDe Stablecoin with Bitcoin Backing appeared first on Cryptonews
BlockDAG hits $12.7m presale; Whitepaper release unlocks 20,000x ROI projection amid Ethereum ATH hopes & FTM projection
4.4.2024
BlockDAG is creating a stir in the crypto world, hitting a $12.7 million presale milestone and releasing an ambitious 20,000X ROI projection that has caught the eye of investors globally. This comes at a time when Ethereum is reaching all-time highs, showing strong market momentum, while...
SEC Asks For Public Comment Regarding Spot Ethereum ETF Approval
4.4.2024
The United States Securities and Exchange Commission (SEC) is seeking public comment over the potential approval of a spot Ethereum (ETH) ETF, an April 2nd court filing reveals. What are the odds a spot ETH ETF gets approved by May?
The post SEC Asks For Public Comment Regarding Spot Ethereum...
Ethereum L2 Zircuit Surpasses $1 Billion in Pre-Mainnet Deposits in Just Six Weeks
4.4.2024
Ethereum Layer 2 network Zircuit has surpassed $1 billion in pre-mainnet deposits within a mere six weeks since opening its doors to investors.
The post Ethereum L2 Zircuit Surpasses $1 Billion in Pre-Mainnet Deposits in Just Six Weeks appeared first on Cryptonews
Crypto Economy Rebounds With 2.13% Gain; Newcomers W, CORE, and ENA Face Downturns
4.4.2024
The cryptocurrency market experienced a positive uptick on Thursday, reclaiming its position at $2.55 trillion, marking a 2.13% gain against the U.S. dollar. Despite a decrease in trading activity, with volumes at $90.78 billion over the past day, bitcoin rose by 2.3%, surpassing the $68,000...
Magpie integrates zkSync to overcome DeFi hurdles and lower Ethereum fees
4.4.2024
zkSync addresses the hurdles that come with DeFi, such as upgrading Ethereum, along with its high fees for swaps and staking and unstaking. In the case of swaps, it is between $40 and $60, whereas for staking and unstaking, it reaches more than $200. For DeFi’s overall standing, these...
Ether Could Avoid Designation as a Security With Centralization Risk Easing, JPMorgan Says
4.4.2024
Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said
Ethereum Layer-2 valuation is expected to reach $1 trillion by 2030
4.4.2024
The valuation of Ethereum layer-2s is predicted to reach a massive milestone of $1 trillion by the end of 2030. This is based on the fundamental analysis of five key areas under the lenses of user experience, developer experience, and technical capability. Key areas in the conversation...
Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum Ecosystems
4.4.2024
Blockchain solutions company Ripple has unveiled its strategy to launch a stablecoin pegged to the U.S. dollar, aiming to boost liquidity on the XRP Ledger. Ripple Set to Introduce U.S. Dollar-Linked Stablecoin, Aiming for Wider Crypto Adoption In a statement released on Thursday, Ripple revealed...
SEC reviews Fidelity/Grayscale/Bitwise ETH trust proposals
4.4.2024
The Securities and Exchange Commission (SEC) has reached out for public opinion regarding three NFTs. They include the Fidelity Ethereum Fund, the Grayscale Ethereum Trust, and the Bitwise Ethereum Trust. The fact that the SEC refuses to throw any light on the matter, according to Bloomberg, is...
Ethereum Classic & Kusama investors find refuge in DeeStream (DST) as market wobbles
4.4.2024
The crypto market wobbles as volatility rears its head again. Volatility is a paradise for experienced traders and a nightmare for those who are learning to navigate the market. Long-term investors who want to make substantial gains are interested in holding promising but undervalued assets....
Ethereum (ETH) & Solana (SOL) advocate rally around Kelexo (KLXO), predicting a shake-up in traditional lending models
4.4.2024
The traditional lending scene is swamped with many issues discouraging lenders and borrowers. However, a new crypto lending platform has drawn the attention of Ethereum (ETH) and Solana (SOL) advocates. Kelexo (KLXO) intends to change the lending game by introducing DeFi to traditional lending....
Ethereum Layer 2s Could Rocket to $1T Base Valuation by 2030, VanEck Says
4.4.2024
The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming
Q2 financial rebirth: Raffle Coin (RAFF) presale targets 5,000% growth, enticing Ethereum Classic (ETC) and Stellar (XLM) visionaries
4.4.2024
With Bitcoin (BTC) halving around the corner, investors are investing in presale and small-cap cryptocurrencies because they have a high potential for insane gains. This is also tricky for investors, as investing in projects that fail to gain traction could result in the loss of capital. To combat...
Van Eck Analysts Foresee $1 Trillion Market Cap for Ethereum’s Layer Twos by 2030
4.4.2024
Van Eck analysts predict that Ethereum’s Layer two (L2) scaling solutions will reach a $1 trillion market cap within six years, fueled by the need to overcome Ethereum’s limitations in processing capacity, data storage, and computation. Despite acknowledging the potential...
Investors turn to BlockDAG after technical whitepaper release for 20,000x ROIs, Ethereum ETFs, and Goldfinch fade away
4.4.2024
For investors seeking the best crypto to invest in, this article discusses three prime contenders and their recent developments. Developments like the exceptional BlockDAG release of the Technical whitepaper on the Las Vegas Sphere and celebrating the surpassing of over $12.4M in the presale...
Analysts Raise Suspicions Involving 100 ETH Transaction from AssangeDAO Address
4.4.2024
SlowMist analysts have expressed concern over a 100 ETH transaction originating from an AssangeDAO address directed to a recipient apparently linked to the decentralized autonomous organization (DAO) on March 10.
The post Analysts Raise Suspicions Involving 100 ETH Transaction from AssangeDAO...
Protocol Village: Optimism-Based DEX Velodrome Deploys to Bitcoin L2 BOB
3.4.2024
The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 4-10
Ethereum Fees and Revenue Increase by 80% in Q1, Earnings Triple Quarter over Quarter
3.4.2024
The Ethereum network has experienced significant growth in the first quarter of 2024, with positive performance across various income statement metrics.
The post Ethereum Fees and Revenue Increase by 80% in Q1, Earnings Triple Quarter over Quarter appeared first on Cryptonews