Billionaire Mark Cuban believes Ethereum is the closest thing we have to being a true currency and views Bitcoin as a better alternative to gold. The Shark Tank and Dallas Mavericks co-owner made the comments as a guest on a recent episode of the Delphi Podcast, where he noted that the growth of DeFi and
Ethereum
Just a day after two decentralized finance powerhouses announced layer-two integrations via the Polygon sidechain, a major nonfungible token and gaming title has today followed suit. In a blog post this morning, NFT-powered virtual world and video game Decentraland announced a token bridge enabling users to move native MANA tokens to Polygon and back. At
Ether’s (ETH) price has broken out for the first time in 23 days in its Bitcoin (BTC) pair. It follows a high-profile announcement from Visa to use USDC, a stablecoin based on the Ethereum blockchain. Although ETH/BTC saw a strong technical breakout, the uptrend has been fueled by firm fundamental catalysts, buoying the short-term bull
Yield vault protocol Yearn Finance has revealed today the details of “Coordinape,” a new platform for distributing the $40,000-per-month Yearn DAO community grants budget — just one initiative in a wider effort to further decentralize Yearn’s governance. Yearn founder Andre Cronje — who said in an interview with Cointelegraph that he no longer takes part
Following in the footsteps of Morgan Stanley, Goldman Sachs has announced plans to allow its wealth management clients to trade in cryptocurrencies and other digital assets. In an interview with CNBC, Mary Rich, the global head of digital assets for Goldman Sachs private wealth management division, said that the rollout may happen sometime in the
The Ethereum Improvement Proposal 1559, set to be bundled together with the “London” upgrade in July, has caused as much excitement as fear and panic. On the surface, EIP-1559 is nothing more than a change in Ethereum’s gas fee structure. And to spice it up, it has also been labeled as Ethereum’s scarcity engine, or
Ethereum prices dropped on Wednesday as traders decided to secure their short-term profits at the cryptocurrency’s sessional high. The second-largest blockchain asset plunged by up to 4.92 percent to its mid-March support level of $1,771. Its move downhill appeared mostly due to its strong positive correlation with Bitcoin, the world’s leading cryptocurrency by market cap.
Ether (ETH) has been making higher lows throughout 2021, and the current trend indicates that $1,800 might be the bottom for April. Even traders and investors who do not rely on technicals have become optimists after Visa initiated a pilot to settle transactions in USD Coin (USDC) through the Ethereum network. Given that Ether’s price
With a possible billion-dollar NFT drop and a high-powered, multi-project collaboration in the works, the Ethereum ecosystem may finally be ready to compete with nonfungible token (NFT)-centric blockchain Flow. Ethereum software developers Consensys announced in a press release today Palm, an environmentally-friendly NFT scaling solution. Palm will be a sidechain designed to be “fully connected”
Klaytn, the blockchain project of South Korean tech giant Kakao, has partnered up with NFT marketplace OpenSea to bring a non-fungible token market to its platform. Klaytn is a smart-contract platform developed by Kakao’s blockchain wing, Ground X, which will develop its own NFTs and offer them out on OpenSea by the end of June,
While the last few weeks have been sideways moving for major cryptocurrencies, Akropolis (AKRO) had a 22.5% rally. In one year, the Ethereum-based protocol’s native token has seen gains of 5,868%, and its latest updates point to more potential. With $27.99 million in total value locked, investors can review up to 38.73% in annual staking
Stablecoins like Tether (USDT) and USD Coin (USDC) have hit another milestone in terms of accumulation by exchanges. According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges soared to a new all-time high on March 28, exceeding $10 billion. Cryptocurrency exchanges are now holding nearly 16% of the total market value of
Ether, the de-facto settlement token of the Ethereum blockchain, rallied on Monday after global payment giant Visa became the ledger’s latest supporter. The firm, which can handle 24,000 transactions per second, announced that it would offer users the option to settle transactions in Ethereum-based stablecoin USDC, becoming the first major payment services provider to have
The world’s top decentralized exchange, Uniswap, is currently beating out Bitcoin’s daily fee generation by more than 50%. According to the data tracking website, CryptoFees, the leading Ethereum-powered decentralized exchange Uniswap has generated more than $4.8 million worth of fees over the past 24 hours. This has propelled the automated market maker into second place
Before the age of smartphones allowed the average person on the street to snap a selfie with their favorite celebrity, autographs and signed memorabilia were highly sought after by collectors. Naturally, the value of these real-world, authentic and rare keepsakes are high and remain so today. However, thanks to the utility of blockchain technology, digital
Can a new non-fungible token (NFT) platform finally solve the problem of ecosystem-wide royalties? NFT platform Recur announced on Thursday a $5 million seed round led by the DeFi Alliance, Delphi Digital, Ethereum co-founder Joe Lubin, and Gemini, among others. The raise claims a number of notable superlatives, including the first seed investment in the