Category: Ethereum

Major Japanese e-commerce firm Rakuten has announced the launch of its own nonfungible token (NFT) trading platform dubbed Rakuten NFT. The firm initially revealed its plans to launch a proprietary NFT marketplace in 2021 amid the growing popularity of non-fungible tokens worldwide. According to Rakuten, the NFT marketplace also hosts a platform that allows IP

BNY Mellon, a major investment bank, is developing a digital asset custody platform that would allow institutional customers to gain crypto exposure. According to a report from City A.M., customers will be able to store the world’s most popular cryptocurrencies, Bitcoin (BTC) and Ether (ETH), in BNY Mellon crypto wallets which are powered by Fireblocks

Crypto markets are witnessing massive liquidations as the period of stagnation pushes deep-pocketed investors into adopting less volatile currencies such as stablecoins. According to digital assets-focused market intelligence platform Coinglass, nearly 1750,000 traders have liquidated their crypto assets in the past 24 hours, with $675.82 million in total money flushed. Flagship cryptocurrency Bitcoin (BTC) saw

One popular crypto analyst is naming his top five altcoins, including three Ethereum-competitors, to keep an eye on in March 2022. In his latest YouTube video, Altcoin Daily co-host Aaron Arnold says he is bullish on Ethereum (ETH) and its layer-1 ETH competitors. “I’m bullish on alternative layer-1s, but let’s not forget the king of layer-1s

Cardano (ADA) creator Charles Hoskinson says there are a lot of things that he admires in rival smart contract platform Ethereum (ETH). In a new YouTube video, Hoskinson says Ethereum’s vibrant ecosystem of scaling solutions such as rollup is something that Cardano can aspire to. “[Ethereum’s layer-2] ecosystem is fascinating, roll-ups in particular. There’s a

Anton Bukov, the co-founder of 1inch Network, thinks that Ethereum will likely become the main settlement layer for a multi-chain decentralized finance (DeFi) ecosystem.  “There is like a high chance that most of the chains will try to commit their states to Ethereum as a higher layer,” Bukov said in an exclusive interview with Cointelegraph.

Despite a number of attempted vampire attacks, nonfungible tokens (NFTs) continue to have a strong run on OpenSea, with the number of unique users and transactions increasing. However, the NFT market’s overall volume is falling behind last month’s figure of nearly $3 billion.  While there are NFT projects readying to hit the secondary market, it

Bloomberg senior commodity strategist Mike McGlone says that Bitcoin (BTC) is on the cusp of hitting strong support. In a Tweet, McGlone says that as the flagship cryptocurrency hovers below the 50-week moving average, it is trading at an “extreme discount” relative to its 2018 and 2020 lows. “About 20% below its 50-week moving average,

Global crypto and stock markets plunged after Russian President Vladimir Putin announced on a national broadcast that his army would conduct a “special military operation” in Ukraine.  As the sun began to rise in Ukraine, the Russian army launched missiles around several areas of the country, including the capital of Kiev and the city of

A closely followed crypto analyst says Ethereum (ETH) is trading at a point where the reward far outweighs the risk. Pseudonymous analyst Light tells his 146,000 Twitter followers that leading smart contract platform Ethereum looks poised to regain its bullish momentum after its steep correction from the all-time high of $4,800. “ETHUSD long here is