Diplomat and founder of the TRON network, Justin Sun, confirmed that one of his addresses was blocked from using the Ethereum decentralize finance (DeFi) protocol Aave. Via Twitter, Sun claimed that he received 0.1 ETH from Tornado Cash leading to his address being added and blocked by the protocol. Justin Sun was just one of many well-known personalities in the crypto industry, and...
The DeFi (decentralized finance) space has taken the crypto world by storm, and significant crypto analysts are touting an even greater market boom. In 2021, the total market value of DeFi assets surged to a whopping 100 billion USD.
Cryptocurrencies are digital finances that revolve around decentralisation. This is a process by which activities of an institution delegate away from an authoritative group. Cryptocurrencies' increased popularity is evident as according to Exploding Topics, there is an estimated 1 billion people who will use crypto by the end of 2022.
With a price surge of more than 13%, Ethereum remained the best-performing crypto asset among the top 10 in the last seven days. One of the major reasons behind the price recovery is the growing interest in ETH’s network upgrade (Ethereum 2.0).
According to Etherscan, a block explorer and analytics
platform for Ethereum, the deposit contract of ETH 2.0 now has over
Vitalik Buterin, who is bullish on Ethereum, branded the suggestion made by Rune Christensen a "bad idea." Recently, Rune Christensen, a co-founder of MakerDAO, suggested eliminating all USDC from the DAI stablecoin's peg- stability module. He advised that the $3.5 billion of USDC contained inside be utilized to purchase ETH instead. Even though such a transfer […] The post...
After the total market value plummeted below $1 trillion, a long cry from the previously recorded $3 trillion, the cryptocurrency markets are presently performing in ways that have not been witnessed in the preceding two months. The current value of the global cryptocurrency market is $1.16 trillion. Several currencies' trends, particularly those during the last […] The post...
The cryptocurrency market has moved higher in recent hours as inflation data was released for the United States. Inflation came up cooler than expected as it expanded 0% […]
Crypto markets are currently doing numbers that have not been seen in the last two months after the entire market cap...
Several innovations have rocked the cryptocurrency market. Every day, new tokens are developed to tackle old problems. Numerous cryptocurrencies, however, are also designed to replace and rival the big names in the industry, including Ethereum, Bitcoin, Dogecoin, etc.
The effects of the upcoming Ethereum Merge on the crypto market have been very obvious. It has affected not just the price of ETH but the prices of other digital assets in the space, triggering a run-up that has brought them towards monthly highs. The effects have not ended at the spot market ,though. Data shows that it is being felt across the...
Key takeaways Bitcoin.com Wallet now supports additional 100+ crypto assets, including DeFi tokens, Metaverse and NFT tokens, as well as infrastructure and miscellaneous tokens As a fully non-custodial wallet, the...
The Ethereum Merge draws closer with each passing day, and the anticipation in the market is palpable. There are a number of advantages that come with the Merge, with all of those being factors behind the recent recovery in the price of ETH. However, the advantages, and the subsequent recovery, do not look to end here, as the argument for the value of...
The U.S. government has been targeting crypto entities that they claim can enable bad actors to transact outside of the financial system, crypto exchange Tornado Cash was the latest addition. The Ethereum-based protocol was included in the Office of Foreign Assets Control (OFAC) Specially Designated Nationals and Blocked Persons List (SDN). As a consequence, the two major infrastructure providers for Ethereum, Infura, and...
A new Glassnode letter reveals a surge in the derivatives market and a more upbeat outlook among traders of bitcoin and Ethereum. Glassnode's latest research reveals that there is considerable investor interest in trading BTC futures markets and hoarding their ETH bags, despite the fact that the bitcoin price has been trading sideways with a […] The post...
Per a press release, the U.S. Department of the Treasury announced sanctions against Tornado Cash, a decentralized exchange (DEX). The institution added the website tornado.cash, the entities associated, and several Ethereum-based addresses to their Office of Foreign Assets Control (OFAC) Specially Designated Nationals And Blocked Persons List (SDN). There are around 40 ETH addresses in this list which in total, according to the...
Ethereum, the world’s second most valuable digital currency, witnessed a strong jump in its price over the weekend. On Monday, ETH touched $1,770, the highest level since June 2022. Amid a price recovery, dormant Ethereum supply reached its highest level on record.
According to the data shared by Glassnode, an on-chain...
Ethereum price is already staging a comeback against the bears, as the space witnesses of late. The most prominent altcoin appears to be recovering some of the values shed in May and June. Amidst this patent recovery, an...
Ether (ETH) emerged as the best-performing digital asset in July, returning a 57% gain and leaving a significant margin against other cryptocurrencies.
ETH wrapped up the month with a market capitalization of $205 billion after its price climbed 57% to $1,680.
This is even as volatility across cryptocurrency markets worsened in July, further slipping away from the high levels reached in May.
These are the...
The anticipation around the Ethereum Merge has continued to build up. While nothing is set in stone, it does seem likely that the Merge will happen according to the most recent schedule put out by the developers. This air of certainty has influenced the market greatly, and the price of the digital assets has responded in kind. As the market moves closer to...
Crypto analyst Michaël van de poppe has given bullish signals for Ethereum price in his most recent live technical analysis. Poppe believes if Ethereum price...
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