Ethereum

This Ethereum factor plays a fundamental role in the 2021 rally

Over the past few months, Ethereum has been constantly moved off exchanges. The outflows have been significant since 2020 and the market has considered the situation to be extremely bullish. While it does carry positive traits, the actual gravity of the situation hasn’t been properly clarified. Ethereum moving out of exchanges may have a fundamental …

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Bank of England, HM Treasury establish new taskforce to explore digital currency

Bank of England, HM Treasury establish new taskforce to explore digital currency

The Bank of England and HM Treasury have jointly created a taskforce to explore a potential central bank digital currency (CBDC) in the U.K. Announcing the news on Monday, the two government authorities said they have not yet decided whether to introduce a CBDC in the U.K. but will explore its use cases and risks. They will …

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Bitcoin plunges to $52,000 as $7.6 billion in crypto long positions liquidated

Bitcoin plunges to $52,000 as $7.6 billion in crypto long positions liquidated

$7.6 billion in crypto long positions have been liquidated over the past hour as bitcoin’s price plunged to $52,000, data from bybt.com shows. Bitcoin’s price began to trend downwards early Saturday, but the steep plunge began around 3:00 UTC on Sunday.  Bitcoin’s price dropped by more than 10% over the past hour, from $58,000 to …

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Creator of hit NFT project NBA Top Shot poised to net $250 million in round led by $25 billion firm

NFT platform development startup Dapper Labs valued at $7.5 billion

Dapper Labs, the NFT development platform behind NBA Top Shot, is raising money at a $7.5 billion valuation in a round led by Coatue Management, according to the tech news publication The Information.  The three-year-old Dapper Labs had just completed a $305 million funding round on March 30, which valued Dapper at $2.6 billion. That …

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Bitcoin mining chipmaker TSMC to invest $100 billion over three years to grow its capacity

China coal mine accidents may be behind bitcoin’s hash rate drop

Recent security incidents in several coal mines in China appear to have had a ripple effect on bitcoin’s mining hash rate. Over the past two weeks, there have been three security accidents in coal mines in China’s Shanxi, Guizhou and Xinjiang provinces due to gas explosion and flooding, according to Chinese state media Xinhua. The …

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Why Bitcoin's price rally is killing the buzz of NFT tokens CHZ, ENJ, FLOW

Why Bitcoin’s price rally is killing the buzz of NFT tokens CHZ, ENJ, FLOW

Bitcoin’s latest price rally may be short-lived according to on-chain analysis and increasing selling pressure across exchanges. However, altcoins in the top-50 are well above their average prices over the past week, especially in light of the increasing demand on spot exchanges. Among these rallying alts, NFT tokens have done extremely well too. Ergo, the …

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Why the Danish Red Cross put a volcano catastrophe bond on a blockchain

Why the Danish Red Cross put a volcano catastrophe bond on a blockchain

Quick Take The Danish Red Cross has teamed up with blockchain startup Replexus to issue the first-ever blockchain-based catastrophe bond. So-called cat bonds let the relief organization raise money that can be spent immediately in the event of a disaster. But why does the bond need a blockchain? This feature story is available to subscribers …

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