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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....
Disclosed: Ethereum 'Lived' With a Major Threat for 18 Months
19.5.2021
Here's what we knew: Ethereum (ETH) executed the Berlin hardfork last month. Here's what we didn't know: it came with a solution that lowered the risk of a major DoS attack, looming over the network for more than a year and a half.
According to the May 18 post written by Ethereum developer Péter...
Polygon Rallies Amidst the Bitcoin-Ethereum Showdown
19.5.2021
Among the top 20 cryptocurrencies worldwide, Polygon has enrolled itself with over $10 billion in market capitalization. The numbers were derived last week when market runners like Bitcoin, Ethereum, and others dealt with sharp plunges. As per the latest market update, Polygon (MATIC) has marked...
Polygon to Democratize NFT Interactions by Improving Approachability
19.5.2021
To pave the way for greater adoption of non-fungible tokens and bring down the barriers hampering more widespread participation, Polygon is leveraging its parallel network’s proof-of-stake approach to reduce Ethernity Chain’s gas costs. Layer 2 Solution to Make Ethereum-Based NFTs More...
Buterin Not Getting Tax Write-Off For SHIB India COVID-19 Relief Donation
19.5.2021
Vitalik Buterin. Source: a video screenshot, Youtube, Business Insider
Singapore-based Ethereum (ETH) Co-founder Vitalik Buterin said he will not get a tax write-off on his donation of 50trn shiba inu (SHIB) tokens to support India’s Crypto COVID Relief Fund.
He was reported as saying by Bloomberg...
Bitcoin Dives Below USD 40K, Ethereum Breaches USD 3K, Liquidations Soar
19.5.2021
Bitcoin price failed to surpass the USD 46,000 and USD 46,500 resistance levels. As a result, BTC started a fresh decline below the USD 44,000 support. It is currently (04:30 UTC) trading below USD 40,000.
Similarly, most major altcoins are moving lower. ETH failed to clear the USD 3,550 resistance...
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
Ark Investment tips $20M into Grayscale Ethereum Trust
19.5.2021
Ark’s Q1 SEC report revealed holdings of 639,069 shares in Grayscale's Ethereum Trust, worth more than $20 million
Ethereum-based DeFi platform DeversiFi raises $5M in strategic investments
18.5.2021
The investment round was led by ParaFi Capital alongside Defiance Capital, Lightspeed Venture Partners, Blockchain Ventures, Fenbushi Capital, OKEx, StarkWare and Longhsh Ventures. Angel investors from Synthetix, Aave and Enzyme also participated
Polygon Flips Ethereum in Daily Transactions, Price Hits All-Time High
18.5.2021
Layer-2 solution Polygon (MATIC) turned some heads as it has surpassed Ethereum (ETH) in the number of transactions, and is now being discussed as a possible competitor to Binance Smart Chain (BSC).
Per BitInfoCharts.com, the number of daily transactions on Ethereum hit nearly 1.64m on May 11 -...
Ethereum Consolidates, XRP Rallies, While MicroStrategy Buys More Bitcoin
18.5.2021
Bitcoin price climbed above the USD 45,500 resistance level. BTC is currently (12:00 PM UTC) showing positive signs and it might move above USD 46,000. If there is a clear break above USD 46,500, the bulls could take control in the near term.
Similarly, most major altcoins are showing recovery...
Cardano ERC-20 converter nears testnet phase
18.5.2021
Cardano’s ERC-20 converter tool with built-in two-way convertibility will soon be open for beta testing
United States, Germany, Turkey lead search interest in Ethereum
18.5.2021
Ether search interest is higher than ever, and is attracting interest from around the globe, a new report reveals
Bitcoin and Ethereum Inch Higher, XRP and MATIC Surge
18.5.2021
Bitcoin price remained stable above the main USD 42,000 support zone. BTC is currently (04:30 UTC) recovering and trading above USD 45,000. To continue higher, a decent close above USD 45,500 is a must in the short-term.
Similarly, most major altcoins are slowly moving higher. ETH is stable above...
Optimistic Rollups Not All the Same: A Review of Ethereum L2 Solutions
18.5.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Optimistic Rollups are often considered as the next major achievement for Ethereum, which will allow it to scale and take back the crown it has recently...
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
Polygon active users grow by 75,000 as DeFi boom continues
17.5.2021
Data from DappRadar shows rapid uptake of Polygon-based decentralized applications. The network now has 93 functioning dapps, up considerably over the past four weeks
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...