Brazil’s Nubank now supports Bitcoin, Ether, SOL transactions
Nubank, Brazil’s powerhouse in digital banking, has stepped up its game, enabling its customers to handle Bitcoin, Ethereum, and Solana transactions through its app. This new functionality covers both deposits and withdrawals, positioning Nubank as a major player in the cryptocurrency integration within banking services. Full Crypto Transaction Capability Now Live Effective immediately, users of […]
Factors behind today’s Ethereum price rally
Today, Ethereum is on a notable rise, up by over 4% reaching around $3,200. This uptick in Ethereum is reflective of broader trends across the cryptocurrency market, where the total market cap has surged by 3.5%. Cash Flow Shifting from Bitcoin to Ethereum A significant driver for Ethereum’s climb today is the notable inflow of […]
Ethereum set to hit $1 billion annual revenue amid DeFi push
Blockchain network Ethereum is on the verge of actualizing an annual return of $1 billion. According to the report, the blockchain network registered a massive $365 million income in Q1, boosting its year-on-year quarterly revenue to 155%. In the report by analyst Michael Nadeau, this Q1 2024 revenue is a huge leap from its previous $123 million […]
Ancient Ethereum ICO Investor Initiates Large Sell-Off During Market Decline
An earlier Ethereum investor sold their cryptocurrency dividends from Ethereum’s first ICO (Initial Coin Offering), worth 2,000 ETH, equivalent to 6 million USDC. The transaction has triggered tremendous attention across the cryptocurrency community due to its scale and timing during the market decrease. Impact of whale transactions on Ethereum market dynamics The investor dominated the […]
Solana becomes the crypto topic for the month – Here’s all you need to know before investing
Solana has gained significant attention and generated a lot of buzz in recent months. The network has become a hub for several meme coins, with many claiming it to be a superior choice compared to Ethereum. It seems that investors have regained confidence in the crypto market. Following a significant decline in crypto asset prices […]
Vitalik Buterin advocates for Ethereum’s shift to Verkle Trees
Vitalik Buterin has talked about the passing of Ethereum’s data structure. Mihailo Bjelic, one of the co-founders of Polygon, started a discussion on Crypto X about the capabilities of Verkle trees when compared to the widely used Merkle Patricia trees and Buterin contributed a number of reasons why Ethereum should seriously consider making a switch. […]
Ethereum-based products record negative outflows for the fourth consecutive week
Ethereum-based crypto investment products have witnessed a negative outflow for the fourth week in a row. According to data from CoinShares, Ethereum saw a $22.5 million worth of outflow last week with most altcoins experiencing an opposite trend. The report found that other crypto-based investment products experienced positive inflows. Ethereum-based investment products record negative outflows […]
Ethereum faces criticism over gas fees from Peter Brandt
Peter Brandt‘s Ethereum critique raises fears of Ether prices above $1500 due to the to Proof-of-Stake (PoS) protocol’s gas fees and its operational characteristics. His viewpoint spawns the ongoing debates in the crypto industry concerning Ethereum’s efficacy and its place in the broader financial landscape. However, Peter Brandt is skeptical about the significance of maintaining […]
Ethereum’s Tim Beiko tackles criticisms over developer influence
Tim Beiko, a key developer within the Ethereum Foundation (EF), recently highlighted significant challenges facing the Ethereum ecosystem. His comments came as a response to criticisms aired by community member Polar, also known as Paul Dylan-Ennis. Polar had expressed concerns over the considerable influence exerted by EF developers. This influence, according to Polar, hampers the […]
Ethereum layer 2 scaling networks forecasted to reach a $1 trillion market capitalization in six years
Ethereum’s Layer 2 scaling networks are anticipated to surge to a market capitalization of $1 trillion within the next six years, according to insights from analysts at Van Eck, a prominent investment manager. Ethereum layer 2 analysts’ predictions and rationale Van Eck’s senior digital assets investment analyst, Patrick Bush, and digital assets research head, Matthew […]
Ethereum restaking presents opportunities and risks in DeFi landscape
The burgeoning trend of Ethereum restaking is heralded as a potential game-changer in the decentralized finance (DeFi) ecosystem, offering additional rewards for participants who have already staked their ETH. However, as highlighted by Coinbase analysts, this innovative protocol is not without its hidden risks. In their recent research report, analysts David Han and David Duong […]
Vitalik Buterin shares his Ethereum simplification plan
Vitalik Buterin has laid out his vision for streamlining Ethereum, a plan he’s calling “The Purge.” Central to this initiative is the implementation of EIP-6780 during the Dencun hard fork, which significantly dials back the capabilities of the SELFDESTRUCT opcode. This move is part of a broader effort to declutter Ethereum’s protocol, aiming to make […]
SEC and Empower Oversight settle major crypto lawsuit
A major lawsuit has been settled between the U.S. Securities and Exchange Commission (SEC) and the government watchdog, Empower Oversight. According to Law360, this development puts an end to a bitter litigation fight that revolved around possible conflicts of interest in the SEC’s cryptocurrency enforcement actions. The settlement of these proceedings has sparked conversations within […]
Vitalik Buterin takes us through what comes next for Ethereum after blobs
Vitalik Buterin, the man, the myth, the legend – back with us to discuss what is coming next for the blockchain diva Ethereum in the aftermath of the Dencun hard fork, an iconic event that launched the Ethereum network into a new scaling paradigm with the introduction of proto-danksharding, also known as EIP-4844 or, you […]
Solana’s high throughput puts pressure on Ethereum’s leading position
Against the background of an Evolving Digital vista, where Blockchain technology redefines the limits in finance and technology, the rivalry between Ethereum (ETH) and Solana (SOL) has warranted much attention from industry experts and enthusiasts. This fiercely competitive environment and the analyst’s forecast imply that someday Solana might outnumber Ethereum’s market share for hosting the […]
SEC’s Ethereum security classification could open ETH ETF doors, says BlackRock CEO
On the Fox Business Show, the CEO of BlackRock, the $9.1 trillion asset management firm, Larry Fink, talked about the likelihood of an Ethereum exchange-traded fund (ETF). Fink argued that designating Ethereum as a security would be positive for the ETF outlook. His remarks occur as the debate about the regulatory position of cryptocurrencies is […]
Ethereum co-founder Vitalik Buterin calls for stricter standards in layer-2 scaling solutions
Vitalik Buterin, the Ethereum co-founder, has come up with the next big paradigm in the form of scalability options for the Ethereum ecosystem. Lately, on 28th March, in his latest blog, Buterin emphasized that more efforts should be highly decentralized and scalability should also be made as Ethereum periods move to a new age. Raising […]
Base to host more Coinbase USDC assets amid growth surge
The communication was from Max Branzburg, vice president of product of Coinbase, through an X post on the 27th of March. The announcement came from Max Branzburg, Coinbase’s vice president of product, via an X post on March 27. He pointed out the benefits of lower fees and faster settlement periods. This strategic change is […]
London Stock Exchange to launch Bitcoin and Ethereum ETNs
London is once again grabbing the financial world by the horns. This time, it’s not about tea, crumpets, or the rainy weather we all pretend to love. No, it’s about the London Stock Exchange (LSE) rolling out the red carpet for Bitcoin and Ethereum Exchange Traded Notes (ETNs) starting May 28, 2024. Aimed squarely at […]
Japanese crypto influencer discusses Ethereum’s EIP 4844
Mai Fujimoto, a prominent figure in the Japanese crypto community and co-founder of Intmax, has shed light on Ethereum’s ongoing quest for scalability solutions, particularly focusing on Ethereum Improvement Proposal (EIP) 4844, also known as proto-danksharding. According to Fujimoto, EIP 4844 presents a promising avenue for addressing Ethereum’s scalability challenges, offering benefits for scaling solutions […]
Ethereum’s Cancun-Deneb upgrade sees mixed results in fee reductions on layer 2 solutions
The highly anticipated Cancun-Deneb upgrade for Ethereum (ETH) has been met with enthusiasm and tempered expectations as it significantly improves the network’s data logistics and fee structures on Layer 2 (L2) solutions. While proponents herald the upgrade’s ability to usher in a new era of reduced transactional fees, cryptocurrency expert Eric Wall cautions against overestimating […]
Ethereum’s Dencun upgrade: Analysis of L2 fee reductions
The recent activation of Ethereum’s Cancun-Deneb upgrade, particularly marked by the implementation of EIP-4844, has sparked discussions about the scalability and fee reduction potential of Layer 2 (L2) solutions. While proponents hail the upgrade as a significant step forward, veteran cryptocurrency technologist Eric Wall offers a tempered perspective, highlighting potential limitations in achieving “dirt cheap” […]
BlackRock may pause Ethereum ETF plans over client demand
BlackRock, the world’s largest asset manager, may reconsider its application for a spot in the Ethereum ETF. This follows the successful launch of its Bitcoin ETF in January 2024. During a conversation at the Bitcoin Investor Day conference in New York, Robert Mitchnick, BlackRock’s head of digital assets, highlighted a predominant interest in Bitcoin among […]
Ethereum faces FUD amidst record inflows to centralized exchanges
In recent developments within the cryptocurrency market, Ethereum (ETHUSD) has faced a barrage of FUD (Fear, Uncertainty, and Doubt) causing investor concerns. While passionate holders remain resilient, recent data suggests a surge in ETH inflows to centralized exchanges (CEXes) amidst growing apprehensions regarding Ethereum’s security status and regulatory scrutiny. Record inflows to CEXes amidst security […]
Ether ETFs coming in Q2 2024? Probably not
With anticipation surrounding the potential approval of Ether exchange-traded funds (ETFs) in May, sentiments vary among analysts and investors. Bloomberg analysts suggest the likelihood of spot Ether ETF approval in May has diminished, citing regulatory concerns. Anticipation is high as the SEC prepares to decide, yet uncertainty lingers regarding regulatory clarity and market reactions. Ether […]
Bankers go bonkers as FTX dangles 8% stake in hot AI startup Anthropic
Bankers are actively seeking buyers for FTX’s 8% stake in Anthropic, an AI startup, as reported recently. FTX acquired the 8% stake in Anthropic three years ago for $500 million. However, due to the recent surge in the AI sector, the stake’s value has more than doubled to over $1 billion. FTX’s Anthropic stake – […]
Ethereum’s NFT surge defies gravity in a dipping crypto market
Despite a recent market dip, Ethereum continues to dominate the non-fungible token (NFT) sector in terms of sales. Even amidst fluctuations, Ethereum retains its top position, with a significant portion of NFT transactions occurring on its platform. While there has been a dip in sales volume, Ethereum’s prominence underscores its resilience and importance in the […]
Steven Nerayoff criticizes Ethereum founders over alleged deceptive practices
Former Ethereum advisor Steven Nerayoff has once again raised concerns regarding the direction of the Ethereum blockchain, accusing its founders of engaging in deceptive practices and fraud. In his latest post on platform X, Nerayoff harshly criticized Ethereum co-founders Vitalik Buterin and Joseph Lubin, alleging that their pursuit of financial gain has compromised integrity within […]
Ripple CEO challenges SEC over Ethereum security status
Ripple’s CEO, Brad Garlinghouse, has publicly voiced his opinion on the ongoing legal efforts by the U.S. Securities and Exchange Commission (SEC) to classify Ethereum (ETH) as a security. Taking to the X platform, Garlinghouse remarked on the SEC’s past legal challenges within the cryptocurrency sector, noting the commission’s historical difficulties. He referenced the SEC’s […]
Ethereum price target adjusted to $5.4k for the first quarter of 2024
Alright, guys, gather around because the crypto market is humming again, and this time, it’s because of the diva Ethereum. The second-largest cryptocurrency’s price target for the first quarter of the year is now set to hit $5,400. So let’s dive deep into the crypto kitchen and see what’s cooking. A Glimpse Into the Crystal […]
Ethereum faces regulatory uncertainty amid SEC probe
The status of Ethereum, the world’s second-largest cryptocurrency, faces uncertainty as the US Securities and Exchange Commission (SEC) initiates an investigation into the Ethereum Foundation. This move by the regulatory body has sent ripples of concern throughout the cryptocurrency market as industry insiders speculate on potential ramifications. SEC investigation and its implications The SEC’s probe […]
Ethereum smart contract wallets: Unlocking the future of finance
The Ethereum ecosystem is experiencing a paradigm shift with the gradual adoption of smart contract wallets, promising enhanced security and transaction programmability. Spearheading this movement is Safe, a smart wallet infrastructure provider whose co-founder, Lukas Schor, sheds light on the transformative potential of smart accounts and account abstraction. Safe: Pioneering smart wallet infrastructure Originally developed […]
Former CFTC official challenges SEC on Ethereum regulation
Brian Quintenz, a former Commissioner of the Commodity Futures Trading Commission (CFTC), has openly criticized the Securities and Exchange Commission’s (SEC) approach to Ethereum (ETH). He labeled the SEC’s treatment of ETH as “illegal” and expressed concerns over regulatory confusion. This criticism comes in light of the SEC’s approval of Ethereum futures ETFs on regulated […]
The Ethereum community is divided over a proposal to increase the gas limit
To enhance scalability and alleviate transaction fees on Ethereum’s Layer 1 blockchain network, a group of developers spearheaded by Eric Connor and Mariano Conti have launched the ‘Pump the Gas’ movement. The initiative aims to raise the Ethereum gas limit from 30 to 40 million. Proponents anticipate a substantial reduction in transaction fees, with estimates […]
SEC subpoenas spark fear over Ethereum ETF futures
Recent actions by the United States Securities and Exchange Commission (SEC) have raised alarms across the cryptocurrency industry. On March 20, Fortune reported the issuance of multiple subpoenas by the SEC to entities associated with the Ethereum Foundation. This move is part of what some see as an effort to classify Ethereum’s native cryptocurrency, Ether […]
Ethereum ETFs might undergo approval delay due to unpreparedness
The approval process for spot Ethereum ETFs is facing potential delays beyond the final deadline in May. This delay is attributed to the challenges large financial institutions face in developing internal strategies to position themselves for approval, according to Robby Greenfield, the CEO of smart money protocol Umoja. Ethereum ETFs face a potential delay Greenfield […]
ETHFI token’s strong start fades with over 20% drop post-debut
Ether.Fi, known for its liquid restaking protocol, has officially launched its governance token, ETHFI, starting at an opening price of $4.13. This follows the token’s distribution through an airdrop and a Binance Launchpad round. Despite the initial interest, ETHFI saw a decline of over 20%, with its current trading price at $3.41 on Binance at […]
Ethereum’s price vulnerability: Analyzing the potential risks
Ethereum’s recent upgrade, Dencun, promised to rev up its engines, aiming to make the network a speed demon at lower costs. But guess what? Ether’s price didn’t get the memo. Instead of zooming, it decided to take a nosedive. It’s like planning a grand entrance at a party, only to trip at the doorstep. Ether’s […]
Base Ethereum layer-2 transactions surge following Dencun upgrade
In a significant development for the Ethereum ecosystem, daily transactions on the Coinbase Ethereum layer-2 network, Base, have surged by a staggering 350% following the implementation of the Dencun upgrade. This notable uptick catapulted daily transactions to a record-breaking 2 million on March 16, just days after the upgrade took effect. Record transaction volume and […]
Uniswap Research Highlights Cost Efficiency of Layer-2 Networks Over Ethereum Mainnet
In a g study conducted by Austin Adams, a researcher at Uniswap Labs, it has been revealed that conducting swaps and managing liquidity provisions on layer-2 networks is considerably more cost-effective than on Ethereum’s mainnet. This discovery sheds light on the evolving landscape of decentralized finance (DeFi), where layer-2 solutions are emerging as a pivotal […]
