Bitcoin and Ether fell slightly in Monday morning trading in Asia, along with all other non-stablecoin cryptocurrencies in the top 10, excluding Litecoin. Investors await November’s consumer price index, a key inflation indicator to be released Tuesday, while bracing for another interest rate hike on Wednesday. See related article: Sam Bankman-Fried misses deadline to respond … Read more
Bitcoin traded above US$17,000 Monday morning in Asia, with all the top 10 non-stablecoin cryptocurrencies by market cap gaining ground. Investors see inflation fears easing in the U.S., the world’s biggest economy, while China has started to relax Covid-19 restrictions in many cities, raising expectations the world’s second-biggest economy will get back on the growth … Read more
Bitcoin fell back below US$17,000 in Friday morning trading in Asia. Ether and all other non-stablecoin top 10 cryptocurrencies by market capitalization also lost ground. Dogecoin posted the biggest drop on the list, while Polkadot and Polygon both fell less than 2%. See related article: Troubled Hong Kong crypto exchange AAX unlikely to reopen, says … Read more
Called Frax Ether, the liquid staking system, went live on Oct. 13 in a soft community launch with an official announcement expected soon. The system has three components – frax ether (frxETH), staked frax Ether (sfrxETH), and the Frax ETH Minter. Staking refers to locking up coins in a crypto wallet in return for rewards. … Read more
Two weeks ago, something really cool happened. A group of developers managed to seamlessly convert the underlying consensus mechanism of a global decentralized data storage and transaction validation platform. Said otherwise, the Ethereum blockchain was transitioned from proof-of-work (PoW) to proof-of-stake (PoS). These protocols are how the network establishes trust and reliability, which is fundamental … Read more
Ethereum’s upgrade to proof-of-stake may have placed the cryptocurrency back in the crosshairs of the Securities and Exchange Commission (SEC). Speaking to reporters after the Senate Banking Committee on Sept. 15, SEC chairman Gary Gensler reportedly said that cryptocurrencies and intermediaries that allow holders to “stake” their crypto may define it as a security under the Howey … Read more
Sokolin, who focuses on areas of decentralized finance and autonomous organizations (DAOs), said Ethereum’s use as collateral in DeFi suggests there are those who are “certainly supportive of ETH as a store of value, ultra sound money type asset.” Source link
Crypto analytics firm Chainalysis has suggested that the price of Ether (ETH) could decouple from other crypto assets post-Merge, with staking yields potentially driving strong institutional adoption. In a Sept. 7 report, Chainalysis explained that the upcoming Ethereum upgrade would introduce institutional investors to staking yields similar to certain instruments such as bonds and commodities, while also … Read more
Ahead of the rapidly approaching Ethereum (ETH) Merge on Sept. 15, Ethermine, the world’s largest Ethereum mining pool has unveiled a new staking pool for users. Notably however, it is not available to U.S. miners The new service offers Ethermine members a chance to collectively stake their ETH and earn interest on top of their … Read more
Derivatives marketplace Chicago Mercantile Exchange Group has launched trading for Bitcoin euro and Ether euro futures contracts. In a Monday announcement, CME Group said that it launched contracts for euro-denominated Bitcoin (BTC) and Ether (ETH) futures sized at 5 BTC and 50 ETH per contract. Both contracts will be listed on CME, cash-settled, and based … Read more