Blog: Ethereum World News

Quick take: Bitcoin's Twitter sentiment has taken a nosedive in the month of March BTC Twitter sentiment is at its most bearish since October 1st 2020 However, the approval of a $1.9T stimulus bill might change the tide for Bitcoin Bitcoin has regained the crucial $50k support with the weekly close ahead Bitcoin reclaiming $52k and $55k would return it to bullish territory...

Quick take: Meitu, a Chinese Technology Company, has purchased 379.12 Bitcoin and 15k Ethereum The purchase was made on the 5th of March at a cost of $22.1M and $17.9M respectively Meitu made the purchases as part of its crypto investment strategy approved by its board of directors Staking sats and ETH by institutions is now a global affair The Chinese technology company...

Quick take: Trading of NFTs is booming in the crypto-verse The top 3 NFT marketplace had a combined trading volume of $342 million in February 22 NFTs sold for more than $200k in the same month NFTs are perfect for collectibles in the various global sports leagues Like all things revolutionary in crypto, Non-Fungible Tokens (NFTs) have swept the trader and investor community...

Quick take: Ethereum's EIP-1559 is scheduled for implementation this July during the London hardfork EIP-1559 includes the implementation of a BASEFEE that will be burnt with each transaction Burning of the BASEFEE makes Ethereum a deflationary asset EIP-1559 coupled with incoming $1,400 stimulus checks, could send Ethereum back above $2k Ethereum's EIP-1559 is scheduled for implementation this July alongside the London hard fork....

In brief: Bitcoin is getting harder to ignore as an investment option Bitcoin's market cap is now greater than JPMorgan, Facebook, VISA and Tesla individually Rich Dad, Poor Dad author continues to recommend Bitcoin as a hedge against possible global financial turmoil Tyler Winklevoss has also reiterated that Bitcoin is the best hedge against incoming inflation Bitcoin is getting harder and harder to...

In brief: Tron's founder, Justin Sun, has bid half a million USD for Jack Dorsey's first Tweet on the Valuables NFT market Jack Dorsey listed the tweet for sale earlier today The Ethereum based Valuable NFT marketplace allows users to buy and sell tweets autographed by their original creators The founder and CEO of Tron, Justin Sun, has just bid half a million...

Summary: Charlie Lee has compared the current NFT boom to ICOs in 2017 and altcoins in 2013 He cites that NFTs are easy to create, simple and are bringing in new people into crypto Charlie Lee went on to point out that an NFT is a digital certificate to a collectible Billionaire investor, Mark Cuban, is particularly interested in the NFT market Global...

In summary: Microstrategy has purchased 205 additional Bitcoin for $100 million bought at $48,888 each The company now holds 91,064 Bitcoin at an average entry of $24,119 The $47k Bitcoin price area is a level of macro support that has seen the movement of 500k BTC If Bitcoin fails to hold $47k, chances are that $42k is next The software company of Microstrategy...

Summary: In the last month, Cardano's correlation with Bitcoin has turned negative This can be attributed to the recent development upgrades on the Cardano Mainnet The Mary Upgrade was implemented on the 1st of March and transforms Cardano into a multi-asset network Cardano's 50-day Moving Average is the support area to watch in March In the last month, the digital asset of Cardano...

Summary: 141,486 traders have been liquidated in the last 24 hours The largest liquidation was a Polkadot trade on Binance worth $37.33 million A total of $780.92 million has been liquidated in the last 24 hours March is living up to its expectation of being a red month A quick glance at Coinmarketcap reveals that a majority of digital assets are in the...

Summary: Ethereum's top 10 non-exchange whales accumulated 1.03 million ETH in a single day This is the highest one-day accumulation in 6 weeks The Ethereum whales now own a combined 16.86 million ETH Ethereum's price is currently being affected by uncertain global markets On the 1st of March, Ethereum's top 10 non-exchange whale addresses accumulated 1.03 million ETH in a 24 hour period....

Quick summary: Bitcoin is replacing gold in investment portfolios is accelerating Bitcoin has gained legitimacy with declining volatility and is increasingly becoming a global digital store of value $100k is the logical next threshold for Bitcoin Short-term, Bitcoin could dip to $42kdue to a weakening stock market The team at Bloomberg has released their monthly Bitcoin Outlook report in which they propose that...

Summary: Dogecoin has been consolidating between $0.041 and $0.064 since mid- February The 50-day moving average provides a possible area for a bounce at the lower boundary of $0.041 Dogecoin's correlation to Bitcoin has dropped since October 2020 Dogecoin's fate is tied to Elon Musk's tweets and the various online crypto communities The popular meme-coin of Dogecoin (DOGE) has been consolidating for the second...

Summary: Willy Woo has forecasted that Bitcoin's bull market is just getting started He cites that retail investors reentered the space in January and will continue to do so A peak in new Bitcoin users and investors is yet to be reached in the current bull cycle Bitcoin has regained $50k and could be gearing up for $52k and ultimately $55k Veteran Bitcoin...

Quick take: A recent report by Citi Group forecasted that Chainlink may gain prominence over Bitcoin The report cites the use of LINK as a token in the Chainlink ecosystem could increase as blockchain continues to thrive globally over time Chainlink is also being adopted on other networks such as Tezos and Polkadot Earlier this week, the team at Citi Group released a...

In brief: Goldman Sachs will restart its Bitcoin and crypto desk next week The investment bank's crypto desk was first launched in December 2017 around the same time Bitcoin topped at $20k Re-entry into the crypto space by the bank could signal a possible top for Bitcoin However, 'this time around it will be different' as institutions such as Microstrategy continue scooping up...

In brief: The number of unique addresses on the Binance Smart Chain has hit a new ATH of 47.3M This is a 2,265% increment from mid-February's peak of 2M unique addresses 1inch Exchange recently expanded to the Binance Smart Chain and could be one reason for the increased unique addresses Such a high number of users on the BSC could ultimately push the...

Quick take: Binance CEO has pointed out that Ethereum's success might be its own killer He compares Ethereum to MySpace which failed after it could not handle the load due to demand ETH2.0 is years away and this could be the ultimate Ethereum killer CZ further defended the Binance Smart Chain by saying it is not the Ethereum killer The CEO of Binance,...

In brief: Bitcoin's SOPR indicator has seen a full reset, turning negative for the first time in 5 months The indicator points to a possible local bottom for Bitcoin The last time it fell this low, Bitcoin went from $33,400 to $57,400 The crypto fear and greed index has fallen to levels last seen in late January when Bitcoin fell to $30k then...

In brief: The Binance Smart Chain has become the target of a smear campaign Unscrupulous developers are creating tokens and Dapps that are sensitive and unethical 'Slave Finance' and 'Tanks of Tienanmen' are two examples The creators are allegedly attempting to force CZ and Binance to get rid of them thus proving Binance Smart Chain is centralized The Binance Smart Chain is now...