A quant has suggested that Bitcoin will again become the driving force in the crypto market once the Ethereum merge hype dies down. Bitcoin Share Of Crypto Trading Volume Already Seems To Be Overtaking Ethereum’s As explained by an analyst in a CryptoQuant post, there are some signs that point to BTC surpassing ETH once more to be the dominant power in the market. The relevant indicator here is the “dominance by volume,” which measures what part of the total crypto trading volume is contributed by each coin in the…
Month: September 2022
Terra’s LUNA Tumbles More Than 30%, Making U-Turn From Surge
The original Terra chain was rebranded Terra Classic, and its native token – the former LUNA, now luna classic (LUNC) – has also dropped in price Monday after a surge last week. LUNC’s price was trading at $0.0003 as of 1:15 p.m. ET, down 17% in the past 24 hours, according to CoinGecko. Source
SEBA Bank To Include Ethereum Staking In Services
SEBA Bank is a renowned digital currency company that acts as a bridge between conventional currencies and digital currencies, like Ethereum. It’s committed to offering its customers and clients a secure and seamless trading experience. Like regular banks, SEBA Bank allows investors and traders to perform transactions based on cryptocurrencies and traditional currencies. While these services seem good enough for its customers and clients, the company saw a need for operational expansion. To this effect, the firm has included Ethereum staking as part of its services. SEBA Bank Includes ETH…
Ethereum Price Trends Sideways Ahead Of The Merge
The Ethereum community and the entire crypto space will soon witness the Merge launch, the long-awaited upgrade. It’s a transition for the Ethereum mainnet from PoW to PoS consensus mechanism. It has become one of the most hyped events in the industry as many people are presenting different opinions about it. Over the past few weeks, sentiment on the Merge boosted the price of Ether. Despite some slight downward moves in the broader crypto market, ETH remained one of the tokens with a more impressive performance. The sudden decline in…
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Stone Ridge board approved plan for ‘liquidation and dissolution’ of its Bitcoin fund
Stone Ridge Asset Management, whose holding company is behind the New York Digital Investment Group, has filed notice with the United States Securities and Exchange Commission that it will liquidate its Bitcoin Strategy Fund. In a Monday SEC filing, the asset manager said the Stone Ridge Trust board of trustees approved a Friday plan to liquidate and dissolve its Stone Ridge Bitcoin Strategy Fund, first filed with the SEC in July 2021. According to the plan, the asset management firm will continue to operate the fund through Oct. 3, after…
Blockchain Association Sets Up PAC to Influence US Crypto Policy
The PAC will be chaired by Julie Stitzel, vice president of public policy at CoinDesk parent company Digital Currency Group, and will see Smith, Messari founder Ryan Selkis, Kraken Head of Policy Jonathan Jachym, Wicklow Capital Counsel John McCarthy and Ledger Head of Policy Seth Hertlein take roles as directors. Source
Crypto Services Firm Abra “In Process” of Forming US Bank
Abra also announced it would launch ‘Abra Boost’ in October, a product that allows qualified investors to deposit and earn interest on digital assets. The company said it would be transitioning customers of its existing lending product, Abra Earn, to the new Abra Boost. Source
Hive Blockchain To Mine Other Crypto Assets After Merge
The HIVE blockchain announced that it had increased its revenue per megawatt by four times. This record revealed that its generated income exceeds that of Bitcoin mining. HIVE blockchain, a cryptocurrency miner, is currently looking to replace ETH mining with other digital assets. This is slated to occur after the completion of the upcoming Ethereum Merge. The mining company is assessing the available options to make its GPU stash mining possible. The event’s success will also require a process known as beta testing. The company would implement this process for…
Crypto Exchange Huobi to Delist 7 Privacy Coins, Including Zcash, Monero
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