Dec 14 2024
Over the past month, Tether issued $20 billion in USDT on the network. Some analysts imply it is a nod to the reputation of the platform co-founded by Vitalik Buterin as a “trusted” and socially reputable network. Tether has been issuing between $1 billion and $2 billion of stablecoins every few days across Ethereum and …
Dec 14 2024
Crypto exchange-traded fund (ETF) issuer Bitwise predicted that 2025 will usher in the Golden Age of Crypto. In its latest report, Bitwise outlined a stellar 2025 for Bitcoin, Ethereum, and Solana, building on their impressive 2024 performances. Among other things, AI-driven meme coins are also expected to gain traction in the coming year. Bitcoin led …
Apr 08 2024
The forthcoming upgrade marks the initial step in Ethereum’s rollup-focused roadmap. This advancement will empower the network to function as a resilient database. The upgrade is poised to reduce costs for layer 2 blockchains to store data on the main network. This cost reduction is expected to be tranatively beneficial to the network’S total addressable …
Apr 07 2024
Andreessen Horowitz (a16z) has invested $100 million in the Ethereum-based EigenLayer. The next largest investment in the platform was a $50 million raise in March during a funding round led by Blockchain Capital. A16z was the sole backer of the funding round, which marks the largest investment ever received in Eigen layer by a wide …
Apr 04 2024
Vitalik Buterin, the co-founder of Ethereum, recently expressed skepticism regarding the prevailing notion of prioritizing simplicity in Layer 1 (L1) blockchains over Layer 2 (L2) solutions. He highlighted the dilemma of choosing between the risks associated with bugs in L1 and L2. Proposing an alternative method, he suggested that it might be worth adding some …
Apr 02 2024
The U.S. Securities and Exchange Commission has once more postponed its decision to approve or deny the applications for spot Ethereum exchange-traded funds. The latest delay comes weeks after the agency greenlighted several Bitcoin ETFs that have since gained massive traction. BlackRock’s initial application was lodged in November, with the federal regulator postponing its decision …
Mar 20 2024
Scam Sniffer reports $55 million worth of cryptocurrency was stolen in January. Scammers set up more than 11,000 phishing websites. Most of the thefts occurred on the Ethereum mainnet. These scams have impacted around 40,000 individuals, according to Scam Sniffser. The thefts occurred after a series of airdrops on the mainnet in the previous month. …
Mar 17 2024
The Securities and Exchange Commission (SEC) has postponed its ruling on BlackRock’s request to introduce a spot Ethereum ETF until March. The decision was initially scheduled for January 25, but has been deferred to March 10, 2024. The delayed decision follows the recent approval by the SEC of nearly a dozen spot Bitcoin ETFs. BlackRock’s …
Mar 05 2024
Pantera predicts a potentially strong uptrend in crypto spanning 18 to 24 months. Institutional adoption is gaining momentum following the introduction of the spot Bitcoin ETF in January. The hedge fund projected that if decentralized finance (DeFi) on Bitcoin reaches proportions similar to Ethereum’s, the total value of DeFi applications could reach $225 billion, constituting …
Mar 03 2024
Einsteinia has recently experienced a notable upswing, surging past key resistance levels, including the $2.8K mark. This upward movement suggests a prevailing bullish sentiment in the market, with investors eyeing the crucial yearly swing high of $3.6K as the next target. Despite the optimism, there’s a cautious note regarding a potential expanded bearish divergence between …