Tesla’s CEO does not own any Ethereum, but he isn’t against the platform. Tesla’s eccentric CEO and co-founder, Elon Musk directly referenced Ethereum (ETH), saying he is not for or against the network. “I’m not building anything on ethereum. Not for or against it, just don’t use it or own any,” Musk revealed in a […]
Does this week’s 300 million USDT migration from the Tron to Ethereum blockchain mean trouble is brewing for TRX? On Tuesday, Tether announced a sizable swap of USDT from the Tron blockchain to the Ethereum protocol. Tether explained that the amount of USDT in circulation would remain the same, meaning that USDT (TRC-20) will be […]
In brief: Real-time data reveals that Ethereum is still the most active smart contract platform. Tron (TRX) ranks second with EOS, Tezos (XTZ) and Cardano (ADA) coming in third, fourth and fifth respectively. Ethereum’s dominance in this regard, will continue for the foreseeable future. Real-time data from the team at Messari reveals that Ethereum (ETH) […]
The crypto dominance race is being commanded by the decentralized finance (DeFi) landscape, as its relative protocols and tokens have outperformed Bitcoin and its brethren so far this year. Ethereum is the foundation of this new financial landscape, and it has been pulling more and more BTC into the mix. DeFi markets have instantly rebounded […]
Ethereum is holding strong above the $225 support level against the US Dollar. ETH is slowly rising and it is likely to continue higher towards $235 and $240. Ethereum is following a bullish path and it recently spiked above the $230 resistance level. The price could correct a few points, but the $228 and $225 […]
The start of the year has not been good for Ethereum. The transaction count had declined to twelve months low during February, along with the price collapse of Ether, which trailed the cryptocurrency market in general. But on April 30th the transaction count surged by 72% from its lowest point early in the year. Behind […]
In brief: Ethereum experienced the second-highest number of monthly transactions in June 2020. ETH’s highest monthly transactions were in January 2018 when Ethereum hit a new all-time high of $1,432. Additional data points to Ethereum experiencing its highest daily transactions on the 29th of June. All this could hint to ETH having hit a local […]
Libra Association member Bison Trails looks forward to moving from the Proof-of-Work consensus mechanism to Proof-of-Stake, launching Eth2 support. Blockchain infrastructure-as-a-service company, Bison Trails, has announced support for Ethereum 2.0 — an upgrade that will move the network from its proof-of-work consensus mechanism to proof-of-stake. Bison Trails offers a suite of enterprise products that allow […]
The Ethereum blockchain has seen a two-year single-day high for daily active addresses at nearly 500,000. Generally, network statistics seem to indicate that the decentralized finance (DeFi) market, which has also grown popular in the same time frame, has contributed greatly to network growth. The Ethereum blockchain is seeing activity levels comparable to months before […]
All the hype around decentralized finance’s latest liquidity farming craze is attracting new players eager to get their tokens out to investors and enjoy the subsequent moon shots. The latest to join the digital bandwagon is lending platform bZx. DeFi markets are starting to cool off after what has been a pretty wild week or […]
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