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Synthetix (SNX) rallies in anticipation of L2 Curve Wars and Optimism airdrop announcement

Layer-two (L2) solutions for the Ethereum (ETH) network have grown in prominence over the last year because of the need for scalable networks that offer low-fee transactions and led to numerous projects that built cross-chain bridges with competing blockchain networks.  One project that has benefitted from the growth of the L2 scaling solutions is Synthetix

New York Assembly passes bill to temporarily ban Bitcoin mining

The New York State Assembly has passed a mining moratorium bill to pause all crypto mining development for two years. The essence of the moratorium is to give the state enough time to examine the impact of mining in the state. Two-year moratorium on carbon-fueled mining Assemblymember Anna Kelles sponsored the Bill designed to prevent

Crypto Analyst Says Massive Correction Awaits Bitcoin (BTC) and Ethereum (ETH), Predicts Timing of Next Bull Market

A popular analyst is issuing a dire warning to crypto investors, saying that Bitcoin (BTC) and Ethereum (ETH) are poised to ignite sharp corrective moves before the next bull cycle can begin. Top crypto strategist Justin Bennett tells his 100,400 Twitter followers that he’s keeping a close watch on the TOTAL chart, which measures the

Ethereum Whales Stockpiling Dogecoin Competitor Shiba Inu, ApeCoin and Two Additional Altcoins: On-Chain Data

New data shows that the biggest Ethereum (ETH) whales are loading up on meme coin Shiba Inu (SHIB), the new kid on the crypto block ApeCoin (APE) and two metaverse tokens. The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses. The digital asset whale-monitoring website shows that in

Ethereum on-chain data hints at further downside for ETH price

Analyzing Ether’s (ETH) current price chart paints a bearish picture which is largely justified by the 11% drop over the past month, but other traditional finance assets faced more extreme price corrections in the same period. The Invesco China Technology ETF ($CQQ) is down 31% and the Russell 2000 declined by 8%. Ether price at

Ethereum scaling solution Optimism upgrades governance structure

The Optimism Foundation has unveiled a new governance structure and token as part of its ongoing efforts to bring scalability and cost efficiency to Ethereum, the world’s largest smart contract platform.  The “Optimism Collective” was introduced Tuesday afternoon in a lengthy post that outlined its mission and governance mandate. Described as a “large-scale experiment in