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The Dark Side of Ethereum
For the last six years, Ethereum has dominated the smart contract landscape and has been arguably the only viable platform for launching decentralized applications (dApps) — due to its sizeable developer community and first-mover advantage. But in the last year, Ethereum’s limitations have begun to show, leading to an exodus of sorts among its once […]
Ethereum DeFi Trends Set To Dominate 2021
2020 was the year of DeFi, not just in terms of the explosive price increases – but the technological advances and support from public figures. From the growth of UniSwap, Chainlink, AAVE, and BNB into the top 20 tokens by market cap to tech billionaire Mark Cuban revealing his positions in the aforementioned tokens, one […]
NYDIG raises $100M and makes entry into the insurance sector
Bitcoin-focused financial service firm, NYDIG, has raised $ 100 million and made new hires to lead the insurance solutions arm The New York Digital Investment Group (NYDIG) yesterday announced it had raised $ 100 million with the help of property & casualty insurers Starr and Liberty Mutual Insurance. It is now officially associated with two […]
Weekly Report: Grayscale to convert its Trust into ETF product
Here is a comprehensive account of this week’s major events across the crypto sector Ether cruises to a new high while Bitcoin struggles to retest $ 60k Ether started the month with great upward momentum that saw its price steadily rise towards the end of last week. The continued uptrend drove ETH prices higher over […]
Bitcoin’s average hash rate trending at a new high
Glassnode data shows that the hash rate on the Bitcoin network has reached a new peak Bitcoin miners are having a good run at present as data from Glassnode shows the hash rate on the network is swinging around a new all-time high. The on-chain analytics provider pointed out that the average hash rate peaked […]
Bitcoin price outlook: record rally sees BTC top $34,000
Bitcoin’s price is sliding after hitting a new all-time high of $ 34,800 Bitcoin (BTC) price hit a record-high of $ 34,800 on Sunday, surging by more than 34% in a week to begin 2021 with a bang. The weekly outlook for the cryptocurrency suggests we are likely to see a pullback as technical indicators […]
Fei Protocol Launches Its StableCoin Project, Locking Up $1 Billion ETH
Earlier this Saturday, FEI Protocol held its Genesis event, successfully raising over 639,000 Ether — approximately $ 1.3 billion — in commitment for its stablecoin. The Ethereum raised for the project will be used as collateral to mint its stablecoins, which uses bonding curves to maintain a peg of $ 1. FEI’s protocol mechanism also […]
Crypto CEO “Convinced” Of Bitcoin Cycle Top, Warns Of Sell Side Intensity
Despite the best efforts by bulls for what has been several weeks now, Bitcoin price can’t seem to get back above $ 60,000 and spend any meaningful time above it. Fundamentals are as bullish as it gets for the top cryptocurrency, but bearish technicals might have finally caused sellers to step in. That’s according to […]
