Ethereum (ETH)

Guests of the Pavilions Hotels & Resorts can now pay for their accommodation with over 40 cryptocurrencies, including BTC and ETH. The service will be available from today – July 7th. An Exotic Adventure in Exchange for Crypto According to a recent press release, The Pavilions Hotels & Resorts partnered up with the cryptocurrency trading platform Coindirect to provide its clients the option of digital asset payments. The hotel group guests can choose among more than...

The records of the Axie Infinity ecosystem transcends its DAUs. The massive growth of the platform is also reflective in the accumulated revenue.Axie Infinity, a blockchain-based platform promoting a play-n-earn gaming model has hit a number of records, signaling a boosted embrace of on-chain gaming. Initially built atop the Ethereum blockchain, Axie Infinity has since migrated to its own Ronin blockchain, built to duly support the varied activities that are taking place in the...

While a slew of DeFi tokens are surging in value, the ‘Dogecoin Killer’ Shiba Inu has topped the Ethereum network in terms of gas usage, suggesting a strong connection between the two. Shiba Swap and the ensuing DeFi Wave Earlier yesterday, SHIB (the official Twitter account for the SHIBA ecosystem) announced that Shiba Swap had gone live. Shiba Swap is a decentralized exchange developed by the anonymous Shiba Inu team, which also allows traders to stake their SHIB tokens and...

As per the recent disclosure under the 2012 Stock Act, Barry Moore’s crypto holdings stand anywhere between $5000-$75,000.Lawmakers from the US are warming up to cryptocurrencies so much so that they have started adding altcoins to their crypto portfolios. Barry Moore, the US congressman from Alabama revealed his latest crypto purchases in a disclose.The filing notes that the Alabama congressman added Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE) to his crypto portfolio. The disclosure...

The month of June marked a turning point for the world of crypto and bitcoin mining, and it looks like revenue for miners has begun to slip. Crypto Miners Are Losing Out On Funds Both bitcoin and Ethereum miners reported a drop in earnings throughout June 2021. Profits fell by as much as 42 percent from May, which saw those involved in extracting new units garner a whopping $1.45 billion in crypto-based profit. By contrast, June only produced $839 million in profit for...

Switzerland’s Sygnum Bank announced that its customers could use its institutional-grade banking platform to stake ETH for Ethereum 2.0 from their existing wallets. Sygnum’s Pioneering Move Sygnum revealed that it intends to become the first banking institution to provide Ethereum 2.0 staking. In doing so, its clients may be able to earn returns of up to 7 percent per annum (at current estimations). The bank, which is both Swiss- and Singapore-based, announced that staking...

Mashinsky says Bitcoin is best held as a store of value, while Ether’s primary use is yield farming.  Bitcoin, the world’s leading digital asset, has begun to lose its market dominance to Ethereum, this view was shared recently by the CEO of Celsius Network Alex Mashinsky during a recent interview with Kitco News.Per data from Coinmarketcap, Bitcoin’s market dominance stands at around 44% while that of Ethereum has risen to approximately 19%. ETH Is Already Flipping BTCAccording to...

ETH/USD – Ether Forms Short Term Rising Wedge Key Support Levels: $2200, $2100, $2035 – $2000.Key Resistance Levels: $2340, $2400, $2440. Ethereum has seen a promising start to July as it breaks above the 20-day MA and heads above $2200. The cryptocurrency now faces resistance at $2340, provided by a .236 Fib Retracement, and is trading above a rising trend line. The rising trend line also forms the lower angle of a rising wedge formation on the 4-hour chart. Typically,...

Ethereum price gained pace above the $2,100 and $2,200 resistance levels against the US Dollar. ETH price is now trading well above $2,100 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $2,200 on the 4-hours chart (data feed from Coinbase). The pair could either decline heavily or it might start a fresh increase above $2,300 in the near term. Ethereum price is struggling to hold gains above $2,200 against the US...

The investment firm IBC Group, which has significant cryptocurrency mining operations in China, announced its intentions to close down all its Bitcoin and Ethereum mining facilities throughout the country. Instead, the organization plans to move its workers to Canada, the USA, the UAE, Kazakhstan, Iceland, and numerous South American nations. IBC Group Leaves China As a result of the crackdown on cryptocurrency mining launched by the Chinese government, the majority of the...