It has been a couple of days since Bitcoin underwent its heavily-publicized halving. In fact, many were speculating what its effects would be on accumulation, something that has been on the rise for quite some time now. Interestingly, the accumulation rates of cryptocurrencies continued to rise, even after the supply cut event of the world’s […]
Bitcoin has proved itself to be one of the best-performing crypto-assets post the market crash on 12 March 2020. In fact, the top coin has not only outperformed crypto-assets, but has also overtaken a few traditional assets. However, there’s one other altcoin that has performed equally well – Tezos. Tezos has been on its uptrend […]
The amount of BTC wrapped on Ethereum continues to grow. It now stands at $22.5 million, more than twice the BTC on Lightning Network. Decentralized finance (also known as ‘DeFi’) is a growing part of the Ethereum ecosystem. Although the total amount of funds locked in DeFi-related smart contracts has plummeted in the last few […]
Ethereum may present itself as the decentralized version of the Internet in the face of Bitcoin, the decentralized currency, with it creating a more principled image. But on the price front, it still trails the largest cryptocurrency on the market. The Robin to Bitcoin’s Batman, Ether, the currency connotation of Ethereum, has since the beginning […]
Over the last month, Ethereum’s gas prices have been surging faster than Bitcoin’s price. The average gas price increased 3X since the start of May. The reason for this surge is similar to when CryptoKitties was famous – network congestion. However, what’s causing network congestion is interesting as according to a Twitter user, it is […]
Reddit has revealed plans to create a system of Ethereum tokens to incentivize quality posts and comments. Reddit Gold could soon be replaced by tokens on Ethereum, a recent slide presentation by Reddit reveals. The idea is that users will be awarded points by their fellow subreddit users. These points can then be spent on […]
An Ethereum 2.0 developer call reveals that the Schlesi testnet was successful enough to hope for a more official multi-client testnet in June based on 0.12 specs. Work on Ethereum 2.0 is now almost entirely directed toward fixing bugs, with the team trying to synchronize all existing clients into one single version of the blockchain. […]
Reddit continues to provide more details about its blockchain community points system, which will run on the Rinkeby testnet before moving to the Ethereum network. The popular social blogging platform Reddit has confirmed that its tokenized rewards will migrate onto the Ethereum blockchain later this year. On May 13, Reddit officially revealed its Community Points […]
If you had to pick one week all year when altcoins were the least-talked about topic in the cryptocurrency world, it would be this one. With Bitcoin’s block rewards being halved earlier this week, the focus was entirely on the top cryptocurrency, but one altcoin is still well within the picture. Ethereum, the world’s largest […]
The bullish sentiment among Ethereum (ETH) margin traders appears to have no end in sight, with ETH long positions on Bitfinex up by 90% in 2020. Tweeting on Thursday, Mati Greenspan, founder of Quantum Economics, highlighted the parabolic increase in ETH longs on Bitfinex. Indeed, except for a brief period in February 2020, long bets […]
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