Ethereum

Photographer: Ulrich Baumgarten/Getty Images Photographer: Ulrich Baumgarten/Getty Images While Ethereum has become the blockchain of choice for many of the digital-asset world’s hottest cryptocurrencies, a next generation… Source link

Bitcoin (BTC) and Ethereum (ETH) fundamentals with an upward trend indicate an imminent price increase. Bitcoin’s mining rewards stand at $20 billion while the network records strong health. Bitcoin Jack analysts predict an Ethereum price of $2000 for Q4 2020 or early 2021. Despite the severe measures that the trading platforms BitMEX and OKEx have faced due to investigations by authorities, the fundamentals of Bitcoin and Ethereum remain strong. Both blockchains are in record moments of… Source link

Cryptocurrency markets are sending strong signals right now that the innovations coming from fast-emerging technologies like decentralized finance, or DeFi, could shake up the global order of banks and money managers and insurance companies.  A recurring theme at CoinDesk’s invest: ethereum economy virtual conference Wednesday was just how much money there is to be made in the fast-growing digital-asset industry. Talk of returns and yields was salted throughout the technical discussions of… Source link

More than half of Ethereum’s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months. According to Glassnode’s “hodlwaves” chart, which offers a chronological breakdown of the velocity of on-chain transactions, roughly 28% of Ether last moved between the past 12 and 24 months — comprising the largest segment of on-chain activity. Ethereum hodlwaves: Glassnode The data suggests that many whales spent 2019 accumulating… Source link

After the BitMEX enforcement action, are other noncompliant exchanges on the CFTC’s radar? “Maybe,” said Chairman Heath Tarbert. In an appearance Wednesday, the regulator largely deferred to his colleagues at the SEC on the question of whether ether in a proof-of-stake version of Ethereum would be a security or a commodity. He similarly punted on DeFi. “Let me just basically say how impressed I am by Ethereum, full stop, period.” No, that’s not a Silicon Valley investor. That was Heath… Source link

A new report predicts Tether could surpass Ether’s market cap by the end of next year, paving the way to mainstream adoption of stablecoins and central bank digital currencies (CBDCs). According to Bloomberg’s Crypto Outlook report for Q4 2020 written by Senior Commodity Strategist Mike McGlone, Tether (USDT) is likely to take the number two position by market capitalization from Ether (ETH) in 2021. The report cited the “stagnant market cap” of ETH, which currently stands at $43.2… Source link

On Oct. 12 the price of Ether (ETH) soared 8.15% to reach a new monthly high at $387.75 on Binance. The rally from $366 to as high as $387.50 occurred as Bitcoin (BTC) price surged to $11,600, leading traders to speculate that the crypto bull market has restarted. Over the past few weeks Ether’s fundamentals have strengthened and despite a sharp downturn in the price of decentralized finance tokens, the number of active users in the Ethereum network has continued to grow. ETH/USDT daily… Source link

The internet is at the cusp of entering a new phase, one where entrenched rulers are dethroned, more power is reclaimed by individuals and value moves as freely as cat GIFs. To understand why we need a better internet in the first place, consider this question: Isn’t it weird the internet isn’t good at money? Think about it. The applications we use every day to search, to communicate, even to shop; the companies that dominate the web are very bad at dealing with money, even if they’re… Source link

Since January, over $1.5 billion worth of bitcoin has been tokenized into ERC-20 tokens to use in the emerging decentralized finance (DeFi) ecosystem on Ethereum. These DeFi applications offer an increasingly large array of potential use cases for bitcoin investors looking for alternative ways to issue loans or make trades on new exchange platforms.  Tokenizing bitcoin serves as a bridge between these two leading cryptocurrency communities and an important step forward for traders and… Source link

Ether (ETH) miner revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. While the price of Ether did not rise significantly during this time, miners on the Ethereum network saw their revenue increase due to high fees.  Miners took home 450,089 ETH in fees ($168.7 million) and this represents a 39% increase over last month in which miners made roughly $113 million in fees. During the same period, Bitcoin miner revenue from fees not… Source link