The broader cryptocurrency sector is now aiming to reclaim the R15.8 trillion valuation. Following a big drop early in June, altcoins led a strong recovery, led by Ethereum (ETH). The weekly ETH price is up more than 13% as the world’s second-largest cryptocurrency finds strong support at its 200-week moving average of R19K. At the[…]
Swiss Luxury Brand Hublot accepts Bitcoin payments
Hublot, a Swiss watchmaker, and Tram Line 42 in Prague are two of the most recent entities to accept digital assets as payment. By partnering with the bitcoin payment service provider BitPay, the Swiss luxury watchmaker Hublot enabled its customers to purchase certain limited products in cryptocurrencies. Furthermore, Prague City Tourism collaborated with Global Payments[…]
ETH whales added Polygon (MATIC), amid a 60% price increase in the previous week
After experiencing a significant decline over the previous month, the global cryptocurrency market is now showing signs of widespread recovery. This has caused the Polygon (MATIC) token to see a tremendous increase of 60% during the last week. However, despite this price increase, the biggest Ethereum (ETH) whale wallets have been acquiring the MATIC token.[…]
Ethereum will close down three testnets, following Merge
Only the Goerli and Sepolia testnets will remain operational after the much-anticipated Ethereum Merge is complete. According to an Ethereum Foundation blog post, the Kiln, Rinkeby, and Ropsten testnets will be deprecated due to the necessity to focus resources on maintaining the two testnets that will remain operational. However, developers would have time to prepare[…]
Vitalik Buterin not worried about Eth price dip
Vitalik Buterin, the founder of Ethereum, and his father, Dmitry “Dima” Buterin discussed the cryptocurrency market, volatility, and speculators. Buterin stated in an interview with Fortune Magazine that he is unconcerned with ETH’s price decline. Buterin and his father both claimed to be accustomed to instability. The second most valuable cryptocurrency by market capitalization fell[…]
”Will not even use enemy’s money to buy Ethereum at this time”-Peter Brandt
The once-glorious digital currencies are no longer deemed such, at least in the short term, given the current nosedive in prices and valuation. The overall crypto market capitalization fell to R4.133 trillion at the time of writing, and the industry is undergoing a significant downturn, with Ether, the native token of the Ethereum blockchain, taking[…]
Ethereum (ETH) battered down to R15K as the crypto sell-off continues
Ethereum (ETH) has dropped below R16K for the first time in more than a year, as the entire crypto market continues to plummet, with no immediate solution in sight, at least not yet. Following Bitcoin’s loss, Ether (ETH) was one of the cryptocurrencies that performed exceptionally poorly, plummeting 7.32 % in a single day. The[…]
Three Arrows Capital sells all staked Ethereum in a Wallet
On Friday, crypto hedge fund Three Arrows Capital liquidated all of its Staked Ethereum (stETH) holdings in one of its wallets. The failing hedge fund has lately sold its stETH and Ethereum (ETH) holdings to pay off debts and outstanding loans.The crypto market will suffer as a result of Three Arrows Capital’s liquidation. The cryptocurrency[…]
Vitalik Buterin dismisses the idea of global cryptocurrency dominance
Vitalik Buterin, the co-founder of Ethereum, has questioned the likelihood of cryptocurrencies taking over the global financial system. Buterin stated that despite the crypto sector’s tremendous growth and adoption in recent years, he expects traditional and government-backed currencies to stay dominant, according to Reuters on June 16. “I do not expect cryptocurrencies to take over[…]
Ex-BitMEX CEO warns that Bitcoin and Ethereum are on the verge of a fatal collapse
A well-known crypto entrepreneur has warned that Bitcoin (BTC) and Ethereum (ETH) are on the cusp of another catastrophic sell-off event, despite being far lower than their all-time highs. Former BitMEX CEO Arthur Hayes claims he uses the decentralized finance (DeFi) analytics software Parsec to keep a close eye on on-chain data. According to Hayes,[…]
