Ethereum (ETH)

Singapore’s largest bank DBS announced a partnership with Ethereum-based gaming platform The Sandbox to design an interactive metaverse experience  – DBS BetterWorld – as part of its broader roadmap to explore Web 3 opportunities for its customers. The latest deal marks the foray of the first Singaporean entity to collaborate with the Animoca Brands’ subsidiary as it joins DBS’ ambitious “SingaporeVerse,” a neighborhood on its virtual map that seeks to bring the culture of...

The past seven days were action-packed, and it’s safe to say those interesting developments took place on all fronts. Bitcoin went through considerable volatility, and Terra’s ecosystem in the face of both LUNC and LUNA went on a massive rollercoaster while the Ethereum Merge countdown officially kicked off with the Bellatrix upgrade. Let’s unpack. Starting with Bitcoin, it got off on the wrong footing. For the first few days of the last week, BTC was rangebound around $20K –...

Ethereum, the world’s second-largest cryptocurrency, is all set to discard its energy-intensive proof-of-work consensus mechanism sometime next week. While ETH’s price could potentially decouple from other cryptocurrencies post Merge, staking yields is expected to catalyze institutional adoption, Chainalysis said in its latest report. On the other hand, it may be a difficult road for the existing miners on the network. Uptrend in Institutional Stakers As per Chainalysis, the...

America’s largest cryptocurrency exchange is supporting a legal challenge against the U.S. Treasury Department following its sanctions against the privacy protocol Tornado Cash. The lawsuit’s plaintiffs include 6 individuals who have personally used the mixer, some of which include Coinbase employees. Defending Tornado’s Use Cases As reported by CNBC, Coinbase’s senior security risk analyst said he used Tornado Cash to anonymize his cryptocurrency donations to Ukraine, for...

With the Merge taking place a week from now, ETH remains the market leader and outperformed Bitcoin. However, it is clear from the technical chart that there are significant obstacles standing in the path forward. Technical Analysis By Grizzly The Daily Chart Ethereum is moving within a descending channel (in blue) on the daily chart. This resistance line has prevented further growth since registering its all-time high. When the price last hit the channel’s top in August, it...

Dan Morehead – Chief Executive Officer of Pantera Capital – believes the crypto winter will soon come to an end, and bitcoin’s price will head north again. He also argued that the supremacy of the two biggest digital assets by market capitalization – BTC and ETH – has started fading, and people should pay attention to other crypto projects that are “really important.” Bitcoin’s Rally Coming Soon In a recent interview for Bloomberg, the top executive and a keen cryptocurrency...

On September 7th, Binance.US announced the launch of an Ethereum Staking service, offering its users an initial annual percentage yield (APY) of 6%. According to the Binance.US blog post, this new feature will allow users to start staking ETH using a minimum of 0.001 ETH (approximately $1.62). An amount much more accessible than the 32 ETH needed to become an Ethereum validator. “While there is a 32 ETH requirement for staking directly through the Ethereum network, users can...

Crypto mining pool service provider Poolin becomes the latest casualty of panic withdrawals that left several crypto platforms with serious liquidity issues forcing them to halt withdrawals, among other services.    Poolin Suspends Withdrawals, Flash Trade  Beijing-based mining pool Poolin has announced the suspension of withdrawals, flash trades, and internal transfers in its bid to preserve liquidity amid a “dull crypto market.” The company is facing liquidity issues and...

Swiss-regulated SEBA Bank on Wednesday launched Ethereum staking for institutional investors. The development comes only days before the much-anticipated Merge that will transition the second-highest valued blockchain network to Proof of Stake (PoS) from the Proof of Work (PoW) mechanism of transaction validation.   Institutional Access to ETH Staking   The transition is likely to take place sometime between September 10 and 20, with September 15 being referred to as the...

Former BitMEX CEO Arthur Hayes recently explained why he believes Ethereum does not qualify as money – whereas Bitcoin does.   He touched on the deflationary economics surrounding the upcoming Ethereum Merge, and why there’s more to the story when designing an effective monetary instrument.  Gas, or Money? In an interview with the Unchained podcast on Tuesday, Hayes argued that Ethereum can’t be money if it also serves other purposes. “Ethereum has use – you use it to power...