Tag: Report

Telstra Report Unveils Ethereum Devs Remain Strong During Bear Market

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Recent news reported the constant increase of developers in some renowned digital currencies, especially Ethereum. The effect has increased the Web3 community strength and is looking to maintain this course in the long run. The news cited that the growth is a function of the participation of developers in the major ecosystems. According to the information from Telstra Ventures, the major digital currencies involved here are Bitcoin, Ethereum, and Solana. Telstra Ventures is a known investing arm of telecommunication in Australia. Notably, the report also compared the level of strength…

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report

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Institutional investors are piling into Ether-based digital asset funds, which have recorded seven straight weeks of positive inflows, according to the latest CoinShares report.  Said inflows reached $16.3 million last week, adding to a total of $159 million in inflows over the last seven weeks. CoinShares Head of Research James Butterfill on Aug. 8 said the rise in market sentiment for Ethereum-focused products is largely due to “greater clarity” relating to the upcoming Merge, which is set for Sep. 19, with Butterfill stating:  “We believe this turn-around in investor sentiment…

Tron Founder Justin Sun Says His Crypto Exchange Poloniex Will Support All Future Forked Ethereum Tokens: Report

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The founder and former chief executive of smart contract platform Tron (TRX) is reportedly saying that his crypto exchange will support all future forked Ethereum (ETH) tokens. According to a new report by Bloomberg, Sun says that Poloniex, a crypto exchange he heavily backed in 2019, will list any proof of work versions of Ethereum following The Merge. “Proof-of-work is essential to Ethereum [because it is very reliable]. For [a] proof-of-stake smart platform, we have Tron.” Sun is referring to Ethereum’s upcoming merge to its Beacon Chain and transition to…

Nigeria becomes the most crypto-obsessed nation after April crash: Report

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The crypto market crash in April saw most cryptocurrencies lose more than 60% of their valuation from the top, leading to an overall downturn in trading activity, investor interest and venture capital investment. A recent study has highlighted nations’ growing curiosity and interest in crypto after the April crash. The research was based on Google Trends data of popular crypto search terms that often reflect increased interest in the crypto market. The search history of each nation was then compiled to give an overall search score. The countries at the…

Banking Titan Citi Says Ethereum Merge Could Boost Crypto Exchange Coinbase Stock Price: Report

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Banking giant Citi reportedly says that Ethereum’s (ETH) upcoming transition to proof-of-stake expected next month could be bullish for the stock of Coinbase, the largest crypto exchange in the US. According to a note to clients seen by Seeking Alpha, Citi analyst Peter Christiansen has his radar locked on Coinbase’s stock for 90 days in an upside catalyst watch. According to Christiansen, there are “good developments brewing” for Coinbase in the Ethereum merge, plus possible regulatory clarity on stablecoins. The former “could represent hundreds of millions of annual blockchain reward…

Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021 – Finance Bitcoin News

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While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraising rounds surpasses all the funding blockchain startups and projects obtained last year. H1 Crypto Ecosystem Funding Report Shows Capital Continues to Flow Despite Crypto Winter A significant sum of money has been injected into specific blockchain projects and startups within the crypto industry,…

SEC Targeting All US-Based Crypto Exchanges in Widespread Securities Investigation: Report

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The U.S. Securities and Exchange Commission (SEC) is reportedly investigating every US-based crypto exchange platform, including Binance. According to a new Forbes report, a US Senator Cynthia Lummis staffer is revealing that the regulatory body is looking into all 40 US-based crypto exchanges, including the world’s biggest crypto exchange platform Binance, for potential violations of the law. The staffer says that the platforms are in various stages of investigation and that the SEC is eagerly trying to resolve its dispute with the Commodities Futures Trading Commission (CTFC) over which agency…

Bitcoin Falls Initially on US Jobs Report, Grinds Higher Later

●Bitcoin (BTC): $22,898 +2.0% ●Ether (ETH): $1,677 +5.6% ●S&P 500 daily close: 4,145.19 −0.2% ●Gold: $1,791 per troy ounce +0.2% ●Ten-year Treasury yield daily close: 2.84% +0.2 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Source