Ether has surged more than 100 percent since bottoming out in mid-June, as investors anticipate a major upgrade to the ethereum blockchain that will push ether to outperform bitcoin. Bitcoin hit a low of $17,601 on June 19 and was up about 29 percent at $22,783.29 as of Friday, according to CoinDesk data. In contrast, …
As Ethereum’s merger upgrade (The Merge) looms, Ethereum is one step closer to challenging Bitcoin. Of course, this doesn’t mean ether’s market cap or price surpassing bitcoin’s, but ether’s option trade open interest surpassing bitcoin’s. Activity in ETH options has blossomed as Ethereum nears its merge date. The open interest in #ETH options has reached …
After sleeping for 3 years, an “old giant whale” who participated in the ICO of Ethereum in 2014 and obtained about 150,000 ethers made a big move on August 14, transferring 145,000 ethers. At the time of the merger and upgrade of Ethereum, the move immediately aroused the curiosity of the cryptocurrency community. Some people …
After Tornado Cash was sanctioned by the United States, its users rushed to get their funds back. According to The Block Research, users have withdrawn $62 million from the protocol, with $14.7 million being withdrawn in the first three hours alone, and the amount of cryptocurrencies held in Tornado Cash wallet addresses has dropped by …
Ethereum’s public testnet, Goerli, has completed its merger and moved to a “Proof of Stake” (PoS) mechanism for the final rehearsal for the merger (The Merge) with the beacon chain after the Ethereum mainnet. Next, the development team will shift its focus to the Ethereum mainnet, which is expected to be officially implemented in September. …
Ethereum developers are expected to focus on improving the scalability of the network following the implementation of the much-anticipated merge upgrade (The Merge) in September. Ethereum co-founder Vitalik Buterin said recently that with the growth of network efficiency and the improvement of Rollup technology in the future, the transaction cost of Ethereum Layer 2 is …
Bitcoin bull Michael Saylor seems to have a lot of opinions on Ethereum recently. In the past two weeks, he said bluntly that “Ethereum is obviously a security”. Recently, he began to question the technical development and ethical soundness of Ethereum, and said that in the He will not invest in ether until ethereum is …
Bitcoin bull Michael Saylor: I won’t invest in ether until development is complete Read More »
Dubai-based cryptocurrency fund Three Arrows Capital (3AC) has been liquidated for $400 million and faces bankruptcy, The Block reported. The investment firm has been one of the more prestigious players in the cryptocurrency market for the past few years, but it has not been spared the liquidation of cryptocurrency lending companies. Three Arrows is currently …
$400 million liquidated by lenders! Three Arrows Capital may face bankruptcy? Read More »
The New York State Senate earlier passed a bill to impose a two-year ban on cryptocurrency mining, becoming the first state in the United States to restrict cryptocurrency mining. In response, Ethereum co-founder Vitalik Buterin tweeted that he personally opposes the government’s ban on Proof of Work (PoW). Last week, the New York State Senate passed …
If you follow the fashion industry, then you definitely know Prada. The continuous increase of NFT and metaverse fields of luxury goods is not only for chasing hot spots, but also a marketing strategy. Prada is known as the ninth most expensive luxury brand in the world, after Gucci, Louis Vuitton and Balenciaga. This Thursday, Prada …
