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Tag: Ethereum

Bitcoin price: Bitcoin, Ethereum hold crucial supports; all eyes on India’s crypto bill

Bitcoin after falling significantly last week, from a new all-time high of $69,000 hit earlier this month, now faces stiff resistance at $57,500 followed by $60,000. That said, BTC buyers have been quite active during this correction, which came after the unfavourable $3 billion options expiry on Friday.
The asset will continue to maintain its bullish stance as long as it doesn’t fall below the $53,000 mark. Although it will not be able to step out of the consolidation phase until the price beats the $60,000 mark.
BTC, as always, has had a spillover effect on some altcoins too….

Request Network (REQ), pTokens (pBTC), and Compound Basic Attention Token (CBAT) By DailyCoin

Top DeFi Gainers: Request Network (REQ), pTokens (pBTC), and Compound Basic Attention Token (CBAT)

While the crypto market is experiencing a very rough patch, metaverse platforms have been enjoying substantial growth due to the growing interest from companies and venture capitalists in building the future.
Despite the newfound dominance of metaverse platforms, some defi protocols have emerged as the best-performing projects on Friday, November 25.
One of the top gainers is the Ethereum-based decentralized payment system, Request Network (REQ), gaining 190% in 24 hours. In the last…

DeFi on Avalanche: How to get started yield farming

Get started farming on Avalanche and enjoy Ethereum dapps without the high feesIf you missed the golden days of high yield and low fees on Ethereum, then Avalanche has you covered. It is cementing itself as the DeFi hub for low-cost, high-yield farming.After a year of operation, the Ethereum competitor now hosts a whopping $10 billion of assets (TVL), making it the fourth largest economy in cryptocurrency.Despite the success, you can still easily find APRs in excess of 100% on leading asset pairs, with fees less than a dollar.This growth has been fuelled by…

Deep Dive Into Decentralised Finance: Valuing DeFi Blockchains

Decentralised Finance (DeFi) is a system that allows financial products to appear on a public blockchain network which is not regulated by a central bank or intermediary. DeFi systems, majority of which are built on the Ethereum blockchain, aim to provide an autonomous and decentralised option for financial services that are otherwise regulated by banks and national or international administration. If you are serious about crypto investing, you must have a deep understanding of decentralised finance (DeFi). Simply put, DeFi is an umbrella term for financial applications powered by public…

Bitcoin, dogecoin, Shiba Inu, other cryptos surge today. Check cryptocurrency prices

Cryptocurrency prices today surged with Bitcoin trading above $57,000 mark. The world’s largest and most popular cryptocurrency was trading at $57,699, up more than 6%. Bitcoin price had recently hit record high of around $69,000 and is up over 99% this year (year-to-date or YTD) so far. Global crypto market cap surged to $2.72 trillion, as per CoinGecko.

Ether, the coin linked to ethereum blockchain and the second largest cryptocurrency, also gained more than 7% to $4,337. Dogecoin price rallied over 3% to $0.20 whereas Shiba Inu rose more than 4%…

Could You Earn More in the Axie Infinity ($AXS) Metaverse Than a Goldman Sachs Salary?

Recently, 27-year old Sam Peurifoy, Director of Finance at crypto trading firm Floating Point Group, talked about his current evening/weekend hobby of playing Ethereum-powered monster-battle and non-fungible token (NFT) based game Axie Infinity.

Here is how the Axie Infinity white paper introduces this game:

“Axie Infinity is a Pokémon-inspired universe where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. Players can battle, collect, raise, and build a land-based kingdom for their pets.All art assets and…

Ethereum Devs Assess Reducing Data Transfer Cost 5x, EIP-4488 Becomes Possible Solution – Technology…

The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer. While there’s been a lot of complaints about ether gas costs this year, Ethereum founder Vitalik Buterin has recommended an Ethereum Improvement Proposal (EIP) that aims to decrease transaction costs by five times. Ethereum developer Tim Beiko discussed the idea as well, and talked about possible “challenges” both long and short term.
Moving Ether, Transferring an ERC20, and Swapping Tokens on Ethereum Is…

Report Shows Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Investment Products in November –…

Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm’s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative crypto asset investment products are outperforming Bitcoin ETPs.
Ethereum-Based Investment Product Trade Volumes Increase
Every month Cryptocompare publishes a research report that covers the cryptocurrency investment product landscape. The investment products are ETPs tethered to today’s top…

Op-ed: How Algorand is gearing up to become a contender to Ethereum

The following is a guest post from Sebastian Quinn, the co-founder of Yieldly, a DeFi suite built for the Algorand blockchain.While some have come close, none have quite managed to overthrow the incumbent — neither in user adoption nor market share. However, as time goes on and scalability and efficiency qualms grow stronger, so too do Ethereum’s contenders.When it comes to pinpointing which networks stand a fighting chance at usurping Ethereum’s position as the most popular protocol, Algorand’s extensive network of partners and stellar reputation among developers and crypto…

First NFT Moves From BSN-Connected Cosmos Blockchain To Ethereum | Blockchain24

From BSN to Ethereum via two blockchains to Cosmos. The experiment with the transfer of non-fungible tokens involved four blockchains. Before landing on OpenSea on Ethereum, the token from WenChang Chain had to go through the IRITA Hub and IRIS Hub.
IRISnet facilitated the transfer of a non-fungible token from the WenChang Chain, an authorized distributed network that was built using the Cosmos software development kit, to the largest NFT marketplace, Ethereum.
Bridge for NFT between Cosmos-based WenChang Chain and Ethereum
According to the official…

Bitcoin Or Ethereum? Which Blockchain Is Heavier? BitMEX Research Reports

From times immemorial, the Bitcoin and Ethereum camps argue about nodes and their respective blockchains’ characteristics. This mind-bending report by BitMEX Research will put the debate to rest. Surprisingly, they determine that the Bitcoin blockchain is still bigger than the Ethereum one. This will soon change, though. BitMEX Research also concludes that size is not the right metric to compare both chains, because “to learn useful information about the Ethereum network one needs to perform significantly more computations and generate far more…

CBDCs, an Apple Patent, and Gen Z: This Week’s Mobile ID Roundup

This week’s roundup of Mobile ID World’s top stories features a diverse mix of topics, with a couple of stories looking toward technologies of the future, and a couple of others focused on the youth of the present. Looking ahead, many in the financial sector see a big role in the future for Central Bank Digital Currencies. IDEMIA and ConsenSys are looking to get ahead of that trend through a collaboration on a new Secure Offline CBDC Payment Solution. Built on the Ethereum blockchain, the solution is aimed at ensuing that end users will be able to conduct CBDC transactions without…

Crypto Whales Are Pouncing on Eight Ethereum-Based Altcoins Amid Crypto Market Dip

The largest crypto whales in the Ethereum ecosystem are utilizing the market dip to purchase more ETH and eight additional altcoins running on the leading smart contract platform.
According to the crypto whale tracker WhaleStats, the largest 1,000 non-exchange Ethereum wallets accumulated the meme coin Shiba Inu (SHIB) above all other Ethereum-based tokens in the last 24 hours.

At time of writing, SHIB is down 5% at a price of $0.000039 per token.
Next up, the whales pounced on Basic Attention Token (BAT), which is the native asset of the Brave browser ecosystem.
The altcoin…

ZK-Rollups and the Path to Scaling Ethereum

Key Takeaways
High gas fees on Ethereum have highlighted the urgent need for scaling solutions.
While the scaling solutions of today have seen success, they suffer from problems with composability and decentralization.
ZK-Rollups improve on existing Layer 2 networks by offering enhanced interoperability and security.
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As the cost of using Ethereum increases, the need to scale the network has become more apparent than ever. Zero-Knowledge Rollup technology promises to lower gas fees without compromising on decentralization and security. Ethereum’s Scalability…

Flurry Finance deploys on Polygon after hitting $3 million TVL in just a month of launch

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Flurry Finance, a DeFi protocol that offers efficient cross-chain yield farming to the DeFi community, is all set to deploy its utility token RHO and its governance token FLURRY on the Polygon network on 1st December 2021.The FLURRY ecosystem keeps growing with new partnerships and a newly announced reward campaign.Since announcing its partnership with Polygon in August to optimize yield farming, Flurry Finance has achieved a number of key milestones including:Mainnet launched on the Ethereum (ETH) and Binance Smart Chain (BSC) networks
Product launched on BSC…

5 Unstoppable Cryptos That Have Left Ethereum in the Dust

Ethereum (ETH) is the second biggest cryptocurrency by market capitalization and its price has increased over 150,000% since it was first launched back in 2015. However, its performance this year — a rise of 500% since Jan. 1 — pales in comparison with coins that have produced gains of over 5,000%.One reason many tokens have overtaken EthereumIt’s fair to say that Ethereum revolutionized our ideas of what blockchain technology could do. Where Bitcoin (BTC) uses the blockchain as a sophisticated ledger to track its decentralized money, Ethereum’s blockchain can store smart contracts….

Partnerships, Rallies, Falls, Musks, CZs and 20 Crypto Jokes

This week in crypto, Coinbase partnered with Adidas Original, though we don’t know much about it yet, and Coinbase acquired the BRD wallet, while the BRD price jumped over 700%. Cardano and tron fell as eToro said it would restrict access to them for US users, zcash rallied more than 50% following the news from last week that the coin will switch to a PoS consensus algorithm, Coin Metrics found that Ethereum gas fees are the highest during the US business hours, and the on-chain data said that long-term bitcoin and ethereum…

3 Underrated Altcoins to Buy As Polkadot Surges 158%: Crypto Analyst

Bitcoin and ethereum have each had an outstanding 2021 but may be running out of upside.
Mehdi Farooq, a senior analyst at Token Metrics, made the case for polkadot to go on a big run.
The crypto bull shared why he still likes bitcoin and ethereum but is closely eyeing three altcoins.
Mehdi Farooq considers himself to be a bitcoin bull, even though some of his peers might not.The senior investment analyst at Token Metrics admits his price target for the world’s biggest cryptocurrency —…

Crowdfunding is being used by a crypto group to buy an NBA team

A Decentralized Autonomous Organization (DAO) based on Ethereum is planning to crowdfund a purchase of a National Basketball Association (NBA) team. According to Decrypt. co, the Krause House DAO, named after the late Chicago Bulls general manager Jerry Krause, earned 200 Ethereum (ETH), or around Rs 6.4 crore, in just 15 minutes after announcing its plan to buy an NBA team. Currently, the organization has 475ETH, which is worth more than Rs.15 crore.

Tickets are officially on salehttps://t.co/vG7cbbzhaD
— The Krause House (🏀,🏀) (@KrauseHouseDAO) November 19, 2021
Crypto Group is…

MonoX, profitable since mainnet launch, announces its public token sale on Huobi Primelist

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MonoX Protocol, the most capital-efficient liquidity solution in the DeFi space, has announced that the public sale of its $MONO token will take place on Huobi Global’s Primelist token listing platform on Thursday, Nov. 25.The listing comes a month after MonoX launched its mainnet on the Ethereum and Polygon networks.There will be a supply of one million $MONO tokens for purchase at $0.40 each. With Huobi Primelist, participants stand a chance to purchase new tokens at a low price and trade the newly listed token immediately after the Primelist activity ends.$MONO is…

Introducing Ruby.Exchange: The first NFT-powered AMM

Ruby.Exchange combines cutting-edge Ethereum technologies to create a feature-rich user experience, providing more ways for traders and yield farmers to earn.Automated Market Makers (AMM) are decentralized finance’s (DeFi) answer to the problems of centralized crypto exchanges. By providing secure, trustless, user-friendly token trading, AMMs have established themselves as foundational components of the DeFi movement and ecosystem. However, AMMs typically suffer from a lack of “stickiness” and poor user experience.Ruby.Exchange is taking the exciting opportunity to become the…

Over a million Ethereum tokens have been burned since the big upgrade, but transaction costs are…

The Ethereum London Hard Fork was expected to reduce both the gas fees and computing power on the network.
The EIP-1559 upgrade burns ETH on each transaction, creating a deflationary impact on the network.
There are over 118 million Ethereum in supply as of November 26.
It’s been just over three months since the Ethereum network rolled out the
London Hard Fork update, which was meant to revolutionise the blockchain.
By laying the groundwork for the ‘proof-of-work’ mining system, the developers were hoping that not only would the upgrade make the network more environment friendly…

Crypto Trading Volumes Moving to the Decentralized Ecosystem

The crypto industry has significantly evolved in the past decade, with Bitcoin setting the stage for other cryptocurrencies like Ethereum and Dogecoin. However, the biggest shift has been the mass migration to decentralized exchanges (DEXes) following the debut of protocols such as Uniswap and Sushiwap. The former surpassed Coinbase Pro daily trading volumes on August 30, 2020, processing $426 million, while Coinbase Pro recorded $349 million during the same time.  Since then, the DeFi ecosystem has grown exponentially as other decentralized platforms debuted to challenge the…

Colony: Community-Driven Avalanche Ecosystem Accelerator

The most used blockchain network, Ethereum, has continuously surged in demand this year, there’s still more demand than the leading all-purpose blockchain can handle.As a result, the cryptocurrency industry has seen the rise of many other projects which are Ethereum’s competitors, and one of them is Avalanche.Similar to Ethereum, Avalanche also has smart contracts to carry out a set of instructions on the blockchain that are important in running decentralized finance (DeFi), applications, and Non Fungible Tokens (NFTs).Launched in 2020, Avalanche is to implement transactions faster…

Top Crypto Analyst Says Ethereum-Based DeFi Protocol Primed for Breakout As Binance Coin Targets New…

A popular crypto analyst is detailing a set of new predictions for two large-cap crypto assets.
The trader, pseudonymously known as Smart Contracter, tells his 184,000 Twitter followers that Binance Coin (BNB) will likely hit a new all-time high (ATH) well before Bitcoin (BTC) surges above its current record high of $69,044.

“BNB [is] going to send to new ATH from here, probably going to hit it long before BTC does.”

Binance Coin, which is the native crypto asset of the Binance ecosystem, hit its current record high of around $687 in May of 2021 and is trading at $636 at…