Category: Reviews

Vitalik Buterin Seeks to Simplify Ethereum’s Proof-of-Stake Model for Greater Efficiency, Proposes Three Changes

Buterin emphasized that these proposals provide credible ways to limit the number of signatures without compromising security or showing favoritism. Ethereum wants to make its proof-of-stake model simpler for better efficiency. Right now, validating transactions on the Ethereum blockchain is done by a large number of validator nodes, around 895,000 of them, and they generate about 28,000 signatures in each time slot. This huge number of signatures puts a strain on the network and makes it difficult to make improvements. As Vitalik Buterin, Ethereum co-founder, pointed out, having such a…

Cathie Wood’s Ark Invest Sells Coinbase and GBTC Shares to Buy ProShares Bitcoin ETF (BITO)

Ark Invest purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO) and 4,320,928 units of the US Bitcoin futures-linked ETF. Cathie Wood’s asset management firm Ark Invest has actively engaged in portfolio rebalancing this year amid a surge in stock prices of crypto firms. In the latest development on Wednesday, December 27, Ark Invest divested its Coinbase holdings and all of its GBTC holdings. In a recent trade filing, the company led by Cathie Wood revealed the sale of 148,885 Coinbase shares valued at approximately $27.58 million on Wednesday.…

PancakeSwap Community Votes to Reduce CAKE Token Supply

PancakeSwap put forward a proposal to reduce the maximum supply of its native CAKE token from 750 million to 450 million. One of the unique things about the crypto industry is the fact that many major projects operate as decentralized autonomous organizations (DAOs). As such, their users get a say in the decisions made by these organizations and can have their voices heard. A recent example of this was with the decentralized crypto exchange PancakeSwap. The DEX recently put forward a proposal to reduce the supply of the popular CAKE…

Bitcoin Miner Marathon Digital (MARA) Stock Tops US Trading Charts

Marathon Digital and Riot Platforms, sensing the potential for increased demand, have made strategic moves to fortify their positions in the market. In the last 24 hours, Marathon Digital Holdings Inc (NASDAQ: MARA) has witnessed a remarkable 105 million shares in trading volume, surpassing established blue-chip stocks such as Tesla Inc (NASDAQ: TSLA), Apple Inc (NASDAQ: AAPL), and Amazon.com Inc (NASDAQ: AMZN), according to data from Yahoo Finance. Marathon Digital Shares Records Rising Trading Activity Marathon Digital’s exceptional trading volumes are part of a broader trend in the crypto mining…

Trump Sells Off Millions in Ethereum Following Woeful NFT Business

Trump’s recent sell-offs have triggered speculations that he may have lost interest in crypto and may be seeking to cash in on all of his holdings. Former president of the United States of America Donald Trump has sold no less than $2.4 million worth of Ethereum (ETH) over the past three weeks. That is according to a report by blockchain intelligence firm Arkham. The latest report follows after Trump reportedly made the third attempt to recharge his NFT trading card business. However, seeing as the attempt yielded very little success,…

Ethereum Price Up by 6% as Investors Brace for January

The recent gains of Ether mean that its price is now up 15% in one month compared to SOL’s 82%. The price of Ethereum (ETH) gained on Wednesday to further signal an industry-wide expectation of a rallying outlook in January. This is as investors continue to move into position as they await the expected uptrend. However, Ether’s recent gain – though not entirely surprising – has been an interesting watch. According to CoinMetrics, ETH saw a 6% rise in its price on Wednesday, while Solana’s SOL token, one of the…

Chinese Capital Fund Unveils $10B Web3 Investment Fund

Over the past few weeks, the Web3 industry has witnessed a surge in funds from major capital firms, indicating a strong belief in the growth of this emerging economy. GBA Capital Fund, one of China’s leading venture capital companies, has announced the launch of a $10 billion investment fund dedicated to the Web3 ecosystem. According to local news media, the company announced during the just-concluded blockchain conference, the Guangdong-Hong Kong-Macao Greater Bay Area Digital Economy Development Conference held on December 26. Supporting Innovation Across Web3 The $10 billion investment fund…

MicroStrategy Buys $615M Worth of Bitcoin, MSTR Stock Outperforms BTC 2:1

Analysts are characterizing MicroStrategy’s stock as akin to an “essentially a leveraged Bitcoin ETF” due to its exposure to the cryptocurrency. In the latest announcement on Wednesday, December 27, MicroStrategy Inc (NASDAQ: MSTR) acquired an additional 14,620 Bitcoins in the past month, spending $615.7 million at an average price of $42,110 per bitcoin, as outlined in a recent Form 8-K filing on its website. After MicroStrategy’s purchase, the Bitcoin (BTC) price has surged past $43,000 as of press time. As per the filing, MicroStrategy conducted the purchases between November 30…

Bitcoin Rally in 2023 Helped Crypto Firms to Contribute to Wall Street

Bitcoin mining inherently involves high energy costs due to the operation of supercomputers. The world’s largest cryptocurrency Bitcoin (BTC) made substantial gains surging by 160% this year in 2023. The rally in Bitcoin and the broader crypto market has also helped some of the US-listed crypto companies recover from the wounds of the 2022 crypto winter. While Bitcoin experienced a notable 150% rally throughout the year, shares of Coinbase, MicroStrategy, and the Grayscale Bitcoin Trust, closely linked to the digital currency, performed even more impressively, surging over 300% in value.…

Crypto Analyst Predicts XRP Price Will Explode 58,000% To $352

A crypto analyst has put together a bold prediction as to the future trajectory of the XRP price. Based on his prediction, the XRP community could see the crypto token’s price enter three digits soon enough.  XRP Price To Rise To $352 In a video posted on YouTube, the crypto analyst behind the JWK Show channel concluded that XRP’s price could potentially rise to as high as $352. He made this conclusion after using an XRP calculator. This calculator was invented based on a valuation model developed by Susan Athey,…