Over $3 billion worth of ETH is now staked in ETH 2.0, representing 2% of the total supply of ETH in existence. Vitalik Buterin called this the ‘ultimate bet on progress’ as over 4800 users have now deposited 32 ETH or more. However, data from etherscan reveals that 31.2% of deposits come from Exchanges andContinue reading “Ethereum 2.0: Client diversity still a challenge”

Markets were once again in the red today, with Bitcoin and Ethereum losing over 5% and 7% in the past 24-hours. It seems to be a trend for traders in Asia to sell off their positions before or after the BTC daily candle close. As traders in the U.S wake up to slightly lower pricesContinue reading “Asia accounts for over 43% of global crypto activity according to report”

According to reports, Craig Wright is suing Bitcoin.org and Bitcoincore.org for copyright infringements of the Bitcoin Whitepaper. Yesterday, Wright’s lawyers sent a letter to both Bitcoin.org and Bitcoincore.org, alleging that Craig owns the copyright to the paper, the Bitcoin name, and ownership of bitcoin.org. They have also claimed that Craig Wright is Satoshi Nakamoto, aContinue reading “Craig Wright alleges copyright infringement of Bitcoin Whitepaper”

According to reports, ETH miners raked in nearly 20K ETH in gas fees last week on top of block rewards. This was largely due to Ethereum’s price rise over the past few weeks as the cryptocurrency recorded gains of over 108% since last month. In fact, ETH is poised to become even more valuable goingContinue reading “EIP-1559 faces opposition from Ethereum miners”

Since the launch of Shelley in July 2020, implementing Goguen, the next era of the Cardano blockchain, has been the focus of the Cardano Foundation. However, the much-anticipated launch is still yet to be scheduled – something that may come down to the technical difficulties associated with executing it. The subject was touched upon byContinue reading “Cardano wants to incentivize running sidechains with inflation, says Hoskinson”

It’s been a good 12 months for the DeFi ecosystem. Not only did the sector’s TVL climb to exponential heights, but its total market cap ($16.5 billion) also overtook that of XRP’s ($10.66 billion) recently, according to data from Messari. In fact, the last few weeks also saw XRP, one of the old stalwarts ofContinue reading “Ethereum will ‘continue to lose ground,’ says Ripple’s Head of DeFi products”

Opinions have varied ever since the United States’ SEC filed a lawsuit against Ripple a few weeks ago, a development that for a brief while left the cryptocurrency XRP tanking. However, while quite a few exchanges and trading platforms have already de-listed or suspended XRP trading in the aftermath of the same, a few othersContinue reading “‘Fairly clear’ XRP is not a security: Ex-head of SEC’s New York office”

Binance Futures is in the news today after it announced the launch of a DOTECO (Polkadot Ecosystem) Composite Index perpetual contract. The DOTECO Composite Index perpetual contract is a USDT-margined Futures contract that uses USDT as collateral. According to the said announcement by one of the market’s biggest crypto-exchanges, the DOTECO Composite Index is denominatedContinue reading “Binance Futures launches DOTECO Polkadot Ecosystem Composite Index”

With Bitcoin emerging as one of the best-performing asset classes over the past 365 days, many financial institutions and investors have changed their tune on crypto, with some making sizeable allocations to Bitcoin and other crypto-assets. Despite a radical change in mainstream attitudes towards Bitcoin, there are still some traditional financial institutions that have aContinue reading “Bitcoin and cryptos can ‘go to zero,’ says UBS after Myspace comparison”

While most had high expectations from the crypto-market for the year 2021, it’s safe to say that the market has well and truly exceeded these expectations. Not only did the world’s largest cryptocurrency, Bitcoin, breach the $40,000-mark, but the industry’s cumulative market cap also went past $1 trillion. The market and its largest cryptocurrency’s movementsContinue reading “Why this on-chain analyst thinks Bitcoin whales aren’t institutions”

Canadian investment fund manager 3iQ is in the news today after it announced that its Ether-based fund, The Ether Fund (TSX: QETH.UN), is now quoted in Canadian dollars on the Toronto Stock Exchange (TSX). The development in question comes on the back of The Ether Fund receiving overwhelming demand from investors after the fund’s successfulContinue reading “3iQ’s The Ether Fund begins $CAD trading on TSX after Bitcoin Fund’s $1B milestone”

Yearn Finance made waves in the crypto-community after it introduced a new proposal to mint 1000 YFI tokens that will be later distributed among its core developers. The rationale behind the same is to reward developers who have contributed to Yearn Finance’s development and growth selflessly.   The said proposal, however, has been met withContinue reading “Yearn Finance proposal to mint 1000 YFI tokens to reward core devs faces opposition”