Category: Blockchain

Ethereum Hits Fresh Record High of $3000

Ethereum’s remarkable bull run continues shedding light on what the second-largest cryptocurrency by market capitalization has to offer. ETH hit an all-time high (ATH) of $3,000. This uptrend now makes Ethereum more valuable than Paypal, with a market capitalization of $332.63 billion compared to the latter’s $318.33 billion.  Market analyst Lark Davis believes that Ethereum has

MicroStrategy May Sell Some of Its Bitcoins

Business intelligence and software firm MicroStrategy has revealed in its latest earnings report that it may offload some of the Bitcoins in its reserve in the near future. According to the company’s filing, two major outcomes were highlighted for the total Bitcoins it held, one in which it may buy up more of the digital

$3.6 Billion Worth of Bitcoin Options Will Expire Today

Today, $3.6 billion Bitcoin options will expire. This provides speculators with the last opportunity to buy or sell Bitcoin at a predetermined price. Bitcoin options provide traders with a unique opportunity to buy or sell BTC at a set price. The price of an option contract will vary depending on the time of purchase, the

Everything You Need to Know about 1inch

1inch is a decentralized exchange (DEX) aggregator built on Ethereum. It is a type of liquidity protocol specialized with providing customers with the most favourable and most convenient transaction route by automatically aggregating offers from other decentralized exchanges. Due to the different structures of various decentralized exchanges such as Uniswap, Aave, etc., the selling price of

Ripple Is Planning to Go Public, Says SBI CEO

Yoshitaka Kitao, the CEO of SBI Group, has revealed that an initial public offering may be in Ripple’s future plans. Kitao said that during an earnings call with investors. The CEO stated that Ripple is just waiting for the legal battle with the U.S SEC (Securities and Exchange Commission) to reach a conclusion before it

Polkadot Regains Bullish Momentum as Osprey Launches Polkadot Trust

Crypto asset management company Osprey Funds announced the establishment of the Osprey Polkadot Trust to invest in Polkadot’s DOT token. According to the official website, the Polkadot Trust’s 2.5% management fee will be exempted before January 1, 2023. The fund will be opened to qualified investors in the form of private placement at a price

Ethereum Will Be Deflationary and Running on Proof-of-Stake by Year-End, says Market Analyst

Ethereum (ETH) is eyeing $3,000 as the second-largest cryptocurrency by market capitalization is trading at $2,714 at the time of writing, according to CoinMarketCap.  Lark Davis believes that Ethereum will have cemented its status as a deflationary currency because its value will continue increasing with time. The market analyst explained:  “By the end of

The University of Wyoming Commits $4M to a Staking Program

In furthering Wyoming’s outreach with digital currencies, the University of Wyoming has allocated $4 million to a staking program. As unveiled by Caitlin Long, the founder and CEO of Avanti Bank & Trust, the University of Wyoming is planning to establish three different publicly tradable cryptocurrencies for the staking program. Long has been very involved

Dogecoin Surges by over 30% Thanks to Elon Musk’s Price Pump

Yesterday Tesla CEO Elon Musk tweeted “The Dogefather SNL May 8” and announced that he will host the “Saturday Night Show” as “Dogefather”. This tweet renewed positive sentiment of investors pertaining to Dogecoin, which promptly sent the meme-based cryptocurrency on a surge of over 30%. This is the first time Dogecoin has broken through $0.35 this