Ethereum (ETH)

VanEck’s new NFTs are designed to showcase the real-world utility of non-fungible tokens. Global investment manager VanEck has announced the launch of a community NFT based on the Ethereum in partnership with the South Korea-headquartered creative NFT agency, NUMOMO. This is the first such initiative unveiled by the firm and involves the release of 1,000 VanEck NFTs. VanEck Community NFTs According to the official press release, the community NFTs are designed to demonstrate...

Data from blockchain analysis firm Santiment indicates that ETH whales have been accumulating over the past two weeks. They have broken out of a sustained ownership downtrend since the start of the year, and are now back to owning over 12% of the supply. ETH whales, in this context, are defined as addresses holding between 1000 and 10,000 ETH. That’s between about $3 million and $30 million worth of ETH, at current prices. As of Thursday, whale ownership sat at 12.07% of ETH...

SFL Maven Corp – a firm that sells luxury goods – has announced it will soon accept bitcoin and other assorted cryptocurrencies as payments. Digital assets can now be utilized to purchase high-end vintage jewelry and other expensive items that are sure to make their owners feel rich. SFL Maven Will Accept BTC for Goods SFL Maven is bringing the initial goals of the crypto world closer to reality. While many of these assets have become rather speculative in recent years,...

On May 1, the NEAR Protocol Rainbow Bridge was attacked. The cross-chain bridge had temporarily been suspended for maintenance after detecting abnormal activities. In a detailed post, Alex Shevchenko, CEO of Aurora Labs, revealed that the attack was stopped automatically as the bridge architecture was designed to resist such events. No funds were lost during the event, Shevchenko added. The Attack It all started when the attacker sent some ETH through the popular coin mixer,...

Major Dubai-based real estate developer Damac Properties has revealed that it would receive payment for property in cryptocurrency. Buy Property With Bitcoin and Ether According to Khaleej Times, Damac said it would add payments for any of its properties that can be made in Bitcoin and Ether, the two largest crypto assets by market capitalization. The company noted that enabling such payment will give more options and will be convenient for real estate investors. Also, the...

April was a bloody month for crypto, and especially for Ethereum. The ETH price fell from its month’s highest level at $3580 to $2700 last night. Can we expect May to perform better? Technical Analysis Technical Analysis By Grizzly The Daily Chart The following chart shows perpetuals’ exchange data from FTX. ETH is trading on top of the marked long-term ascending line (in green). This trend line has provided support to the price since January 2021, based on the previous five...

The exploiter behind Ronin’s massive $625 million bridge attack has managed to move thousands of ETH to privacy tool Tornado Cash. A month after, what many consider the largest exploit in DeFi history, on-chain data shows that 15% of Tornado deposits are from the Ronin attacker. This was revealed by Alex Svanevik, CEO of the blockchain analytics platform Nansen. 15% of Tornado deposits are from the Ronin exploiter pic.twitter.com/yYsisOzJvu — Alex Svanevik🐧 (@ASvanevik)...

IN4X – an international crypto technology solutions firm – has introduced a new crypto-based payment solution for markets in the Middle East. The company is now working to ensure businesses and companies in that neck of the woods can accept cryptocurrencies as payments for goods and services. IN4X Introduces Middle Eastern Crypto Payment Solution IN4X is bringing the initial goals of the crypto world to the forefront given that many of the world’s leading digital assets...

The highly-anticipated virtual land sale related to Yuga Labs’ metaverse project went live hours ago and affected a large portion of the entire crypto market. The massive demand led to ETH fees worth nearly $200 million, while ApeCoin’s price slumped by double digits after the sale. Ever since Yuga Labs, the creators of popular NFT projects such as Bored Ape Yacht Club, announced the metaverse project Otherside, the anticipation for the actual sale was soaring. This led to a...

Renowned fashion designer – Philipp Plein – predicted that more clients will employ cryptocurrencies when purchasing the company’s products this year. He envisioned digital assets to account for between $15.8 million to $21 million of the firm’s 2022 revenue. Crypto to Become a Key Player at Philipp Plein One of the leading fashion companies in Europe – Philipp Plein International AG – jumped into the world of crypto last year by enabling its customers to pay for clothes,...