Search
Value Locked in Defi Drops Below $200 Billion, April’s Dex Trade Volume Drops 21% Lower Than March
1.5.2022
While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion in smart contract protocol tokens dropped in value...
Bitcoin, Ethereum Technical Analysis: Crypto Uncertainty Continues, as BTC Drops Again
29.4.2022
Crypto prices continued to seesaw on Friday, as both bitcoin and ethereum fell into the red, after a short lived rally on Thursday. Bitcoin was once again below $40,000 during the session, while ethereum extended its recent spell of trading below $3,000. Bitcoin Bitcoin (BTC) once again fell below...
Ethereum Trades Below $3000; What’s Next for ETH?
28.4.2022
Ethereum’s rise to the second-largest cryptocurrency network has been an amazing journey. From splitting to creating its market presence within a very few years to now moving on to a new validation protocol to save on electricity and other concerns put forth by analysts, ETH has the highest...
Bitcoin, Ethereum Technical Analysis: BTC Slips Below $40,000 yet Again, Following Brief Rebound on Tuesday
27.4.2022
Following a brief rally on Tuesday, BTC once again dropped below the $40,000 level during today’s session. Wednesday’s selloff has seen prices fall by as much as 4%, whilst ETH also declined by the same amount. Bitcoin The world’s largest cryptocurrency moved lower...
L2 Scaling Startup Optimism Reveals Governance Collective, Native Token, and ‘Many Airdrops’
27.4.2022
The layer two (L2) Ethereum scaling project Optimism has announced the launch of Optimism Collective, “a large-scale experiment in digital democratic governance” managed by the newly created Optimism Foundation. In addition to the governance collective, the plan is to launch a token...
Could XRP price lose another 70% by Q3?
25.4.2022
A descending triangle breakdown coupled with XRP's correlation with Bitcoin can put downward pressure on price
Ethereum Prepares for a Price Rally; Can ETH Hit $3500 Soon?
21.4.2022
Ethereum, the second-largest cryptocurrency, is way closer to becoming the top cryptocurrency. ETH is barely 50% away from overthrowing Bitcoin’s market-dominant position. ETH is more likely to challenge its all-time high level than succumb to further profit booking at the latest traded value....
Makerdao Plans to Integrate Ethereum L2 Solution Starknet to Lower DAI Transaction Costs
20.4.2022
The decentralized finance (defi) project Makerdao has announced its plans to support the zero-knowledge (ZK) rollup solution Starknet in order to make DAI transactions faster and network costs cheaper. Starknet will be integrated into the defi protocol on April 28, 2022, as part...
Jack Dorsey Claims if ‘You’re Building on Ethereum You Have at Least One, if Not Many, Single Points of Failure’
19.4.2022
The internet entrepreneur and former CEO of Twitter, Jack Dorsey, claims if developers are building on Ethereum they have “at least one, if not many, single points of failure.” The statement was in response to Vitalik Buterin’s commentary concerning Elon Musk running Twitter....
Ethereum Foundation’s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether
18.4.2022
On Monday, the Ethereum Foundation (EF) published a financial report that shows the foundation currently holds $1.6 billion in its treasury. $1.3 billion of the treasury’s assets are held in cryptocurrencies while the rest of the treasury is composed of non-crypto investments and assets....
Which Cryptocurrency Should I Purchase: Solana (SOL), Ethereum (ETH), Or Seesaw Protocol (SSW)?
18.4.2022
Introduction Compared to the phenomenal growth of the crypto sector in 2021, the first several quarters of 2022 have been quite regressive… The price of several popular cryptocurrencies, like Ethereum (ETH) and Solana (SOL), have been stagnant for the past week. Still, the all green bull life...
Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
17.4.2022
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners...
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
17.4.2022
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized fees have slid below $4 per transaction. Moreover, layer...
NBA Launches Initiative Dedicated to Web3, Metaverse, and NFT Collectibles
16.4.2022
This week, the National Basketball Association (NBA) announced the launch of its own non-fungible token (NFT) initiative called “NBAxNFT.” According to the professional basketball league, the goal is to showcase “all things intersecting basketball and Web3, including NFTs...
While Markets Consolidate, Crypto Fear and Greed Index Points to ‘Extreme Fear’
16.4.2022
18 days ago on March 28, the Crypto Fear and Greed Index tapped the “greed” position, scoring a 60 for the first time in four months. Since that day, bitcoin has lost more than $7,500 in USD value, and hit a low of $39,200 per unit on April 11. The downturn has pushed the Crypto...
Ethereum Dev Says The Merge Could Be Delayed a Few Months, ‘Strongly Suggests’ Not Investing in ETH Mining Rigs
13.4.2022
According to Ethereum developer Tim Beiko, The Merge is likely to be pushed to the third quarter of 2022. Despite the delay, Beiko also said he “strongly suggests not investing more in mining equipment at this point.” The Merge May be Delayed, Ethereum Hashrate Taps New ATH Four days...
Terra price key support level breaks after 30% weekly drop — more pain for LUNA ahead?
11.4.2022
Macro, technicals, and uncertainties concerning Terra's LUNA-burning mechanism could push price further down in April
12 Companies Keep Close to $700 Million in Ethereum in Treasuries
10.4.2022
During the last year, there’s been a lot of discussion concerning bitcoin treasuries or public firms putting bitcoin on their balance sheets. However, the leading crypto asset by market valuation is not the only digital currency being held by treasuries. Ethereum has become a prominent...
Ethereum’s Hashrate Taps an All-Time High as Miners Race to Mint ETH Before The Merge
9.4.2022
While the Ethereum community is getting prepared for The Merge and the protocol’s transition to a full proof-of-stake (PoS) system, the network’s hashrate reached an all-time high (ATH) on April 7, 2022. On Thursday, Ethereum’s hashrate reached a high of 1.131 petahash...
Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets
4.4.2022
On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company’s hashrate from 2 exahash per second...