Even though Bitcoin’s trading volume is still higher than Ether’s, the year-on-year growth for the latter is breaking all records.
Ethereum hit the high, after climbing more than 8% in 24 hours and nearly 23% in one week, as several other assets also rise.
On the technical charts, Ethereum (ETH) has managed to break past the upper trendline of the Falling Wedge pattern. This sets a bull case scenario for a bounce up to $2,500.
It was Morgan Beller, co-creator of Libra, who connected the Optimist team to Vitalik Buterin. “I’ve always thought Buterin deserves to have his story out there,” he said.
By integrating the two technologies, it is expected that a platform for DeFi applications – which will compete with the usual web user’s experience – would have been created.
In another interesting development in Brazil, an asset management firm based in the country, Hashdex, is planning to launch a Bitcoin ETF whose goal is to combat the environmental concerns that come with Bitcoin mining.
The second-largest cryptocurrency prices went below $2K as US Inflation is surfing ahead and breaking all records.
SelfWealth, a non-bank broker listed on the Australian Security Exchange plans to open crypto trading for its customers, as reported by the Australian Financial Review.
Cryptopunk 5293 will be displayed in the Institute of Contemporary Art Miami, Florida, this summer as a legitimate NFT exhibit.
As per the recent disclosure under the 2012 Stock Act, Barry Moore’s crypto holdings stand anywhere between $5000-$75,000.
Mashinsky says Bitcoin is best held as a store of value, while Ether’s primary use is yield farming.
As people look out for the long-expected hardfork with the EIP-1559 upgrade for ETH at the end of the week, there is every possibility that it could be postponed.
The implementation of the EIP-1559 protocol – which changes the base fee structure making Ethereum blockchain deflationary – is creating much excitement among the investors.
SkyBridge Capital’s Scaramucci plans to seek expansion from Bitcoin and is set to launch a private Ethereum fund with an ETF to branch out crypto operations.
The analysts project staking yields across the blockchain industry to double again to $40 billion by 2025 after the next phase of the energy-efficient Ethereum 2.0 is unveiled.