Day: August 10, 2023

3 reasons why Ether price is still pinned below $1,900

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Ether’s price has been locked within a tight trading range spanning from $1,800 to $1,900 since July 21. This remarkable lack of volatility has instilled a sense of uncertainty and skepticism among investors, despite recent positive developments, which include the launch of PayPal’s Ethereum-based stablecoin and a surge in requests for Ether-based exchange-traded funds (ETFs). PayPal’s entrance into the world of cryptocurrencies could signify a major step toward mainstream adoption for Ethereum. However, this move also raises concerns about centralization and the potential loss of control over personal assets. At…

3 reasons why Ethereum price is still pinned below $1,900

Ether (ETH) price has been locked within a tight trading range spanning from $1,800 to $1,900 since July 21. This remarkable lack of volatility has instilled a sense of uncertainty and skepticism among investors, despite recent positive developments which include the launch of PayPal’s Ethereum-based stablecoin, and a surge in requests for Ether-based exchange-traded funds (ETFs). PayPal’s entrance into the world of cryptocurrencies could signify a major step toward mainstream adoption for Ethereum. However, this move also raises concerns about centralization and the potential loss of control over personal assets.…

New Milestone For Ethereum Could Spell Good News For ETH Price

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The number of Ethereum non-zero addresses, meaning addresses that hold at least some amount of Ether, just reached an all-time high. According to data from Glassnode, this metric which counts only externally owned addresses just reached an all-time high of 104,127,318. But what does this mean for the price of Ethereum? Ethereum Non-Zero Addresses Reach New All-Time High More addresses mean more people are using the network and Ethereum is in the driver’s seat when it comes to most application aspects of the crypto industry. As a result, the Ethereum…

Worldcoin (WLD) Regulatory Scrutiny Grows as Argentina Opens Investigation

According to the AAIP, an entity like Worldcoin must register with the AAIP, provide information about its data processing policy, and indicate the purpose for collecting sensitive data and the retention period for such data. Additionally, the agency requires details of the security and confidentiality measures applied to safeguard personal information. The AAIP did not confirm whether Worldcoin complies with the standards. Source

Pendulum Swings Toward Real-World Asset (RWA) Doubters

“One of the greatest challenges when tokenizing RWAs is interfacing between TradFi and blockchain infrastructure. Backed solves this by leveraging Chainlink’s decentralized price feeds.” Backed’s tokenized real-world assets can now be accessed on BNB Chain, Arbitrum, Fantom, Avalanche, Gnosis, Polygon, and Ethereum, with more to come. Source

Shanghai Upgrade Drives 25% Boost In ETH Staking Activity

The Shanghai upgrade was one of the most anticipated blockchain events of 2023, expected to introduce a higher level of speed and scalability to the Ethereum network. However, the most important feature of the Shanghai upgrade was allowing validators and stakers to finally withdraw their staked ETH from the Ethereum Beacon Chain. To explain, the Beacon Chain was created to aid the smooth transition of Ethereum from a Proof-of-Work consensus model to a Proof-of-Stake mechanism, i.e., ETH 2.0. Since its launch in 2020, many users have been staking their ETH tokens…

Binance invests $5M in Curve token as hacker partially returns funds

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Binance Labs, the venture arm of cryptocurrency exchange Binance, has invested $5 million in Curve (CRV), the namesake token of the decentralized stablecoin trading platform. “Curve is the largest stableswap and second-largest DEX [decentralized exchange], with approximately $2.4B in total value locked and $215M in daily volume at the time of writing,” Binance Labs said in the Aug. 10 announcement. Yi He, Binance’s co-founder and head of Binance Labs, said the firm is pledging its full support to the DEX “given recent events that have impacted the protocol.”  The firm…

Is Coinbase Disillusioned With Crypto?

If you go by a handful of headlines and chatter on Crypto Twitter, you might think that the largest publicly-traded crypto exchange Coinbase now thinks bitcoin is about as valuable as a Beanie Baby. And forsooth, good man, woman or human! It is a comparison the exchange drew, in a formal legal document no less. Source