Month: September 2023

What Is Liquid Staking on Ethereum and Why Has It Rebounded in a Bear Market?

So staking may simply have become an expectation, something that cryptocurrencies are supposed to do. To me, this seems like a positive trend. It offers cryptocurrencies a touchpoint with dividend-paying stocks, and helps reduce the immateriality of crypto. For many, crypto is entirely untethered from reality – prices fluctuate randomly, and most people never encounter blockchains while going about their lives. In fact, one of the most popular complaints of crypto is the supposed lack of intrinsic value to any of these assets. Source

44.2% Of Ethereum Holders Now In Loss, Is This The Bottom?

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On-chain data shows that 44.2% of all Ethereum investors are now carrying their coins at a loss, a sign that the bottom may be close for the asset. Ethereum Percentage Of Holders In Loss Has Surged Recently According to data from the market intelligence platform IntoTheBlock, the percentage of ETH investors in loss has grown sharply since early July. The relevant indicator here is the firm’s “Historical In/Out of the Money,” which tells us about the percentage of Ethereum investors in profits and losses and those that are just breaking…

Crypto-focused Haun Ventures hires private-equity top manager

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a Wall Street Journal exclusive article, Haun Ventures reveals their hire of a private-equity veteran, Suzanne Kim, to handle investor relations. According to the report, this action shows how firms try to communicate with their investors about the changing crypto landscape. Suzanne Kim’s previous experience includes working in private equity for 15 years as a managing director at Hellman & Friedman, an American private equity firm, and a vice president at TPG Capital, a leader…

Crypto Analyst Presents Bull Case For XRP Price To Hit $130, Here’s When

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The XRP price has been showing promises of a price spike since Ripple’s victory against the US SEC. Many community members are currently keeping a close eye on the cryptocurrency, and hoping for a significant price increase. One crypto analyst, in particular, has predicted a massive run for the altcoin that could see its price hit triple-digits. XRP Predicted To Reach $130 In Next Bull Run Following its partial victory against the United States Securities and Exchange Commission (SEC) in July after Judge Analisa Torres ruled in favor of Ripple…

London Stock Exchange Operator in Talks With Government To Launch New Blockchain-Powered Trading Venue: Report

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The London Stock Exchange Group (LSEG) is developing a new blockchain-powered trading venue, according to a new report. Murray Roos, a group head of capital markets at LSEG, tells the Financial Times that his company is “definitely not building anything around crypto assets.” Rather, Roos says they plan to use blockchain technology to make traditional asset trading more efficient. “The idea is to use digital technology to make a process that is slicker, smoother, cheaper and more transparent… and to have it regulated.” LSEG operates the London Stock Exchange, one…

MetaMask launches feature to sell ETH for fiat

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Cryptocurrency wallet MetaMask has announced the launch of a feature allowing users to sell Ether for fiat currency. In a Sept. 5 post on X — formerly Twitter — MetaMask said users with crypto wallets connected to the platform’s Portfolio decentralized application would be able to cash out Ether (ETH) and send fiat to their bank accounts in the United States, United Kingdom and parts of Europe. MetaMask said the initial rollout was limited to ETH but planned to expand to “native gas tokens on layer 2 networks” in the future. We…

Circle rolls out USDC stablecoin on Base and OP Mainnet

The Boston-based stablecoin issuer previously unveiled a plan to roll out USDC on six blockchain networks, including Polygon PoS. Users of Base, a Coinbase-incubated decentralized network, can now access native USDC and USDC liquidity on the layer-2 blockchain. This means there’s no need to use a bridge to send crypto’s second-largest stablecoin to Base’s mainnet.  The announcement on Sept. 5 comes two weeks after Circle disclosed plans to support native USDC on six more blockchains: Base, Cosmos, Near, Optimism, Polkadot, and Polygon PoS. Circle also rolled out USDC on OP…

XRP Records Highest Average Daily Trade Volume Among Altcoins In August

Prominent crypto research firm Kaiko reports that the XRP token recorded impressive trade volume strides across August 2023. This development comes amidst the token poor price performance in the said month.  XRP Dominates Altcoin Market In Trade Volume Amidst Price Downtrend According to the latest Data Debrief by Kaiko on September 4, the market research firm notes that XRP recorded an average daily trade volume of $462.8 million in August, representing the highest value of that metric in the altcoin market.  Solana (SOL) followed in second place, with a trade…

Genesis to Close Its US-Based Cryptocurrency Trading Desk

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Genesis Global Trading (GGT), which focuses on spot cryptocurrency trading in the United States, is set to cease its operations later this month, as indicated in an email sent to its clients on Tuesday. GGT plans to shut down its over-the-counter trading platform on September 18. All ongoing trades must be settled by September 21, and any remaining open accounts will be officially closed by the end of the day on September 30. The email communicated that this decision was made voluntarily and for business-related reasons, media reports said. It’s…