Ethereum Watch

Advertisements Quick take: Tether’s market cap is now at $19 Billion It took 9 days for its market cap to gain from $18 Billion to $19 Billion Early 2020 found its market cap at $4 Billion and an increment of $1 Billion took close to a month XRP has regained its number 3 spot but […]

Advertisements Summary: Bitfinex CTO and Tether CTO, Paolo Ardoino, has clarified that Tether (USDT) is indeed regulated Mr. Ardoino announced via Twitter that Tether was also registered with FinCEN His comments come after Tether competitors have been using the ‘regulation’ card to gain favor with users Tether recently hit $16 Billion in market capitalization There […]

Massive spikes in stablecoin and decentralized finance (DeFi) transactions have seen Ethereum (ETH) overtake Bitcoin (BTC) in total value transaction volume. Advertisements The Ethereum network has also suffered multiple network congestions owing to this uptick. Fees spike on such occasions, resulting in miners earning more from transaction costs than the actual block rewards. Ethereum May […]

Advertisements Quick take: The team at Bloomberg has predicted that Ethereum could lose the number 2 spot to Tether (USDT) by next year Increasing demand and adoption of stablecoins is the major force behind Tether’s rise Stablecoins are a precursor of CBDCs and will most likely be more enduring than altcoins Ethereum has had a […]

Advertisements Quick take: Multiple Ethereum based projects affected by the KuCoin have intervened Some have frozen their ERC20 tokens with others initiating hardforks  The KuCoin hack amount has increased to $203 Million and could continue climbing Almost immediately after the KuCoin hack, the team at Tether announced that it had frozen a total of $33 […]

Advertisements Quick take: Bitfinex CTO, Paolo Ardoino, has notified crypto twitter of the freezing of $33M Tether related to the KuCoin hack Bitfinex has frozen $13 Million Tether (USDT) on EOS Tether has frozen $20 Million USDT on Ethereum Binance has pledged its support in the recovery efforts of funds from the hack KuCoin has […]

Advertisements In brief: The team at Weiss Ratings has cautioned investors against using Tether (USDT) They cite that USDT is not 100% backed by fiat and Tether is running like a fractional reserve bank They recommend USDC which is subject to constant audits and 100% backed DAI is also an alternative given its transparency via […]

Advertisements In brief: Ethereum miners are earning an average of $800,000 per hour This value is up from yesterday’s peak of $500,000 High Ethereum network activity due to DeFi has led to a steady increment in ETH gas cost In the last 24 hours, Ethereum miners have earned an average of $800,000 per hour. This […]

Advertisements Quick take: Ethereum gas fees are at a record high This has resulted in many exchanges going at a loss with each withdrawal of ETH CZ has estimated exchanges are losing $10 – $20 with each Ethereum withdrawal He has hinted of a possible increment in Ethereum withdrawal fees on Binance if the issue […]

Advertisements In brief: Uniswap has edged out Tether (USDT) in terms of ETH gas consumption. In the last 30 days, traders on Uniswap V2 have paid $6.99M in ETH fees. The popularity of DeFi is one reason Uniswap is becoming popular. A quick glance at ETHGasStation.info reveals that Uniswap has edged out Tether (USDT) in […]