In a market-wide recovery on Tuesday, Bitcoin and Ethereum have reclaimed crucial levels after a week-long volatile session. Check out some interesting on-chain metrics for the two cryptos.
Bitcoin and Ethereum are both regaining some lost weight as their current price points show considerable increase from recent lows.
The Optimistic Virtual Machine (OVM) is compatible with the Ethereum Virtual Machine (EVM), which means Ethereum developers can migrate existing smart contracts without breaking them.
Cardano founder Charles Hoskinson called Bitcoin outdated, owing to its inefficient community and work culture.
Institutional participants for Ethereum 2.0 staking have started showing major interest even before the launch of the mainnet. Banking giants have started seeing the huge potential with staking services on the Ethereum blockchain network.
Goldman Sachs executive said that the recent market rout provides a great opportunity to new entrants and its clients are showing greater interest in crypto-based products in recent times.
With bearish and bullish catalysts lined up all around ETH, it remains to be seen what direction the market will go and what choices traders will make.
This new avenue of ETH-backed loans offered by Anchorage will make way for a new client base.
Miami’s Mayor said he was motivated to acquire digital assets after the US government signed the latest round of stimulus bills.
The NortonLifeLock management said that with the introduction of Norton Crypto, the company hopes to empower miners and make their quest for efficient mining more successful.
Internet Computer anticipates providing solutions to the scaling challenges experienced by Ethereum while maintaining decentralization and security.
Bitcoin has risen around 20% from its lowest in May to above $30,000.
While comparing Dogecoin to NFTs, Druckenmiller said that the meme-cryptocurrency has got an unlimited supply and that he doesn’t see much utility for DOGE going ahead. He said that it doesn’t bother him if DOGe price goes up or down.
As the debate for cryptocurrency’s energy use catches fire, Ethereum’s transition to the Proof-of-stake (PoS) consensus model is likely to reduce its carbon footprint to a great extent.
WisdomTree is the second to apply for an ETH ETF. Asset manager VanEck had filed an application to create an Ether-focused exchange-traded fund earlier this month.