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Plunge in Bitcoin & Effect on Cryptocurrency
20.5.2021
Recent crypto crash It will be worth noting that the falling of cryptocurrency reinstates the fact that these are volatile assets. The current melting of the cryptocurrency is not attributed to any single isolated event. It is the cumulative outcome of uncertainty and confusion on the part...
Nvidia Aims to Get Its GPUs Back ‘Into the Hands of Gamers’ by Reducing Mining Capabilities on 3 Graphic Cards
20.5.2021
A major chipmaker keeps making efforts to calm down the gaming community’s anger toward cryptocurrency miners who are taking the lead in buying graphic cards massively, boosting its prices. Nvidia has announced that it will deliberately limit the capabilities for some of its newly graphic...
Defi Economy Lost $20 Billion This Week, Decentralized Exchange Volumes Still Sky High
20.5.2021
While crypto markets, in general, have been dropping significantly in value, the decentralized finance (defi) economy has shaved more than $21 billion during the last week. Statistics show that the total-value locked (TVL) in defi touched $87 billion on May 11, and since then the aggregate total...
Chinese Internet Cafe Owners Deal With the Pandemic Crisis by Using Their Facilities to Mine Cryptocurrencies
20.5.2021
The Coronavirus pandemic has driven people to take advantage of new business lines to deal with the economic crisis, and cryptocurrency is once again a headliner. Internet cafe owners in China are using their facilities to set up crypto mining farms after temporarily shutting down in 2020. Owners...
Survey: Crypto Traders Predict Ethereum’s ROI to ‘Crush’ Bitcoin’s 2021 Year-End Return
19.5.2021
Bitcoin and a slew of digital assets have seen massive drops in value during the last few days, while the top two leading crypto assets bitcoin and ethereum have been battling for market supremacy. This week, bitcoin’s towering dominance over the crypto economy has dropped to a three-year...
Bitcoin Drops Below $40K, Crypto Economy Down 17%, Markets Lost $250 Billion Last Week
19.5.2021
On Wednesday, cryptocurrency markets continue to drop lower in value, as the entire crypto-economy has plunged 17% below the $2 trillion mark and now rests at $1.801 trillion. Bitcoin, the leading cryptocurrency in terms of market capitalization, touched a high of $40,770 per unit at 4:48 a.m....
There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion
19.5.2021
For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or...
Patched vulnerability could’ve crippled ETH over the past 2 years: Ethereum Foundation
19.5.2021
The Ethereum Foundation has come clean about a security vulnerability first spotted in 2019 that could have brought the mainnet to a halt until the Berlin upgrade last month
Mecum Auctions Now Accepts Digital Currency Payments for Collector Cars
18.5.2021
The popular collector car auction company Mecum Auctions has announced the company is now accepting crypto assets for payments. The company says that the new payment acceptance allows the auction firm to “attract new customers and sales.” Collector Car Auctions Giant Plans to Start...
Ethereum’s Q1 Stats Report Highlights Blockchain’s ‘Ultra Sound’ Financial Growth in 2021
17.5.2021
During the first three months of 2021, the cryptocurrency ethereum has shined as 90-day statistics highlight the digital asset has climbed close to 80% in value. On Monday, former Ark Invest analyst James Wang published a detailed summary highlighting the Ethereum project’s first-quarter...
Price analysis 5/17: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, BCH, LTC, UNI
17.5.2021
Traders appear disinterested in buying Bitcoin at the current levels, suggesting that further downside could be in store for BTC and altcoins
Bitcoin Dominance Dips to 40%, Top Ten Cryptos Siphon BTC’s Market Supremacy
17.5.2021
The crypto economy has dropped significantly in value during the last few days tapping a low of $2.06 trillion on Monday. Additionally, the leading crypto asset bitcoin has seen its market dominance drop to 40% of the crypto economy’s overall valuation. Bitcoin’s dominance index...
Investors Confuse Ethan Allen With Ethereum: Shares up 50% Over Average Price
17.5.2021
Ethan Allen, a U.S.-based furniture company, has been getting strange traction in markets this year, due to an interesting coincidence. The company’s stock ticker is the same as ethereum’s ticker, something it shares with one of the hottest cryptocurrencies right now. This has caused...
Crypto Markets Take Deep Losses, Global Trade Volumes Skyrocket, Elon Battles Crypto Twitter
16.5.2021
Bitcoin and a slew of digital currency markets are seeing significant losses on Sunday as a majority of coins are down between 2-15% during the last 24 hours. The entire crypto-economy has dropped more than 6% and bitcoin dominance is down to 40% the lowest the metric has been in two years. Crypto...
Price analysis 5/14: BTC, ETH, BNB, DOGE, ADA, XRP, DOT, BCH, LTC, UNI
14.5.2021
Bitcoin is showing signs of topping out but many altcoins remain strong, a signal that the decoupling between the two is likely to continue for a few more days
ETH price regains $4K as possible Ethereum 2.0 'full validator' count hits 17-month low
14.5.2021
Glassnode data reveals that the number of Ethereum addresses holding at least 32 ETH declined steadily in recent months
ETH Can Flip Bitcoin, But It Can't 'Have Its Cake & Eat It Too' - Arthur Hayes
14.5.2021
Source: imgflip.com, Cryptonews.com
Ethereum (ETH) can’t be a better store of value than bitcoin (BTC) while also being a widely used smart contract platform, according to former BitMEX CEO Arthur Hayes.
Writing in a blog post, Hayes considered the possibility of ethereum’s market capitalization...
Stablecoin Demand in 2021 Skyrockets, Fiat-Pegged Token Economy Nears $100 Billion
14.5.2021
While most cryptocurrency markets are down today in value, dollar-pegged stablecoins have seen significant demand during the last 24 hours. Currently, the entire market valuation of all the stablecoins in existence is roughly $96 billion. The Rise of Fiat-Pegged Stablecoins Crypto assets like...
Oh where, oh where have Ethereum bulls gone? Sub-$4K ETH fails to entice traders
14.5.2021
It seems the low funding rate on ETH futures contracts and the recent 96% rally are not enough to convince traders to buy the Ethereum price dip
Ethereum bulls maintain control ahead of Friday’s $730M ETH options expiry
13.5.2021
Traders bullish on Ether have a $109 million advantage heading into the $730 million ETH options expiry on May 14