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Axie Infinity Economy Booms as NFT Sales Rise
6.7.2021
Axie Infinity, an Ethereum based game, is now one of the biggest successes of the play-to-earn model. Featuring NFT’s like the game characters, the game monetizes breeding these characters and selling them. As a result, there is now a growing demand for Axies, whose stats can make them reach...
Bitcoin and Ethereum Hold Important Support, KCS and SNX Rally
6.7.2021
Bitcoin price started a downside correction below the USD 35,000 level. BTC even traded below USD 34,000, but the bulls protected the USD 33,200 support. It is currently (04:27 UTC) moving higher and is approaching USD 34,500 which might help the price accelerate.
Besides, most major altcoins...
EY publishes Ethereum scaling solution to the public domain
5.7.2021
Global auditing giant Ernst and Young has released the third iteration of its zero-knowledge proof Ethereum scaling solution
Ethereum price can gain 40% on Bitcoin, argues analyst as London fork nears
5.7.2021
Technical setups, coupled with optimistic fundamentals, project Ethereum, would rise sharply against Bitcoin in the coming weeks
ETH’s London Update Declared EIP Testnet Launches & Profits
5.7.2021
The eminent cryptocurrency token Ethereum (ETH) embarked on its London Update 10 days before, i.e., on June 24, 2021. The setup for bringing investors up to date was positioned on the test net Ropsten. This development occurs at the right time where the sentiment for ETH’s Improvement Proposal...
Bitcoin, Ethereum and Altcoins Correct Gains
5.7.2021
Bitcoin price corrected lower after it failed to surpass USD 36,000 and corrected below the USD 34,000 support. It is currently (12:25 PM UTC) showing negative signs, postponing its plans to increase towards USD 36,000.
Similarly, most major altcoins corrected lower, dropping by 2%-4% in an hour....
SNX hits multi-week highs as total value locked on Synthetix approaches $1 billion
5.7.2021
However, SNX withdrawals from Synthetix pools picked up momentum during the price boom
Bitcoin and Ethereum Remain Supported, Altcoins Could Gain Traction
5.7.2021
Bitcoin price started a fresh increase above the USD 34,000 resistance. BTC surpassed USD 35,000, but it failed to continue higher above USD 36,000. It is currently (05:49 UTC) correcting lower, but the bulls might remain active above USD 33,500.
Besides, most major altcoins are showing positive...
EY Releases Nightfall 3 — Protocol Aims to Bolster Private and Affordable Ethereum Transfers
5.7.2021
EY, the multinational professional services network commonly known as Ernst & Young, has announced the company has contributed a set of tools for privately managing transactions on the Ethereum network. EY’s global media relations executive Joanna Hardy explained on Thursday how...
Top 5 cryptocurrencies to watch this week: BTC, ETH, UNI, ICP, AAVE
4.7.2021
Bitcoin may pick up momentum in the next few days and select altcoins ETH, UNI, ICP, and AAVE could also rally along
Cardano Joins Grayscale Digital Large Cap Fund as Third Biggest Component
3.7.2021
Cardano has been added to Grayscale Investments’ large-cap cryptocurrency fund. It is now the third-largest component of the fund after bitcoin and ether. Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the addition of cardano to its Digital...
London fork enters testnet on Ethereum as difficulty bomb sees delay
3.7.2021
As Ethereum’s London upgrade launches on the Ropsten testnet, mainnet anticipation for stakers and miners increases
Bitcoin Still Commands the 9th Largest Market Capitalization in the World
3.7.2021
Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Moreover, bitcoin could flip some of the world’s most valuable assets in the future, as the crypto asset is 67% away...
Skybridge Capital Launches Ethereum Fund — Ether ETF Filing to Follow
2.7.2021
Asset management firm Skybridge Capital has launched an ethereum fund, CEO Anthony Scaramucci has confirmed. He added that the asset manager will be filing for an ether exchange-traded fund (ETF). Skybridge Capital CEO Anthony Scaramucci revealed in the latest episode of The Scoop, published...
ETH 'Unlikely' To Become 'Popular Currency' But It Still Can Compete With BTC
2.7.2021
Generally speaking, it is highly unlikely that ethereum (ETH) will become a "popular currency," but it still may compete with bitcoin (BTC) in the long run, according to the crypto venture firm Dragonfly Capital.
The firms' General Partner Kevin Hu and Junior Partner Celia Wan wrote...
ETH 2.0 Contract Exceeds 6 Million Ether, Data Shows Ethereum Outperformed BTC in Q1 and Q2
2.7.2021
Statistics show that the Ethereum 2.0 deposit contract has exceeded 6 million ether this week as more than $12.4 billion worth of ethereum is held in the contract today. Onchain metrics show that Ethereum has seen some significant drawdowns in recent times and decentralized finance (defi) activity...
Grayscale Buys Cardano, JPMorgan on Ethereum Staking + More News
2.7.2021
Source: Adobe/Skórzewiak
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Investments news
Major US-based crypto investment company Grayscale Investments said it has sold some existing...
Bitcoin Starts Outperforming Again as Ethereum and Altcoins Drop More
2.7.2021
Bitcoin price extended its decline below the USD 33,500 support zone. BTC tested USD 32,600 and it remained well above the key USD 32,000 support zone. It is currently (12:14 PM UTC) trying to move higher above USD 33,000, but a break above USD 34,000 is a must for a stronger increase.
In either...
Enjin’s NFT Marketplace Efinity Rakes In $20 Million From EFI Token Sale on CoinList
2.7.2021
Enjin successfully auctioned all tokens available for sale for the new Efinity NFT marketplace it has developed for the Polkadot ecosystem. Latest Sale Brings Total Marketplace Funding to $38.9 Million Given the concerns about Ethereum’s high costs and sluggish transaction throughput...
Bitcoin bounces at key range amid hope BTC price will avoid 'big nuke'
2.7.2021
A major dip to $20,000 is not expected, one trader says, but lower levels in general are still on the cards going into the weekend