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Ethereum (ETH)

2local: Ongoing IEO on ChainX

[PRESS RELEASE – Please Read Disclaimer]2local brings forward a blockchain that’s essentially a high-quality fork of Ethereum that’s entirely adjusted for the needs of the platform. It takes advantage of the Dedicated Proof of Stake (DPoS) consensus algorithm, which should enable quick and low-cost transactions.The main premise of 2local is to capture and garner the growing demand for decentralized finance (DeFi) through its multitude of capabilities.Users are able to take advantage of...

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Bitcoin Crosses $1 Trillion Market Cap as ETH Eyes $2K: The Weekly Market Recap

This is one of the most monumental weeks in Bitcoin’s history. Today, February 19th, 2021, for the first time ever, the cryptocurrency’s market capitalization surpassed $1 trillion. That’s right! Bitcoin became a trillion-dollar asset!This became possible after a dynamic week of trading where BTC’s price surpassed $50K for the first time in history. Just today, it also charted a new all-time high of $54,924 on Bitstamp – inches away from $55K. Nevertheless, this marks a staggering growth in...

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Crypto Price Analysis & Overview February 19th: Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot

It’s safe to say that the past 7 days were particularly intense on the cryptocurrency market. The cryptocurrency that expanded the most out of the large-caps is Binance Coin (BNB) as it surged by a whopping 150% in a week.BitcoinBitcoin is up by a strong 14.8% this week as the cryptocurrency continues to set new ATH prices today. Last week, it was battling with the resistance at $48,570, provided by a 1.414 Fib extension level.This level was only penetrated on Tuesday, which allowed Bitcoin...

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Legendary Rock Star Gene Simmons Buys Cardano (ADA) Worth $300,000

Gene Simmons, the legendary KISS bassist, has made another dip into cryptocurrencies. The famous musician has expressed his belief in Cardano, presuming 2021 would be “the most productive year” for the altcoin.Believing in the Future of CardanoRock star Gene Klein, aka Gene Simmons, has appeared in online social media with yet another pro-cryptocurrency commentary. This time KISS’s legendary bass guitarist has expressed his opinion on Cardano and its native digital coin ADA.In his recent...

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The Graph Foundation Scales Up, Now Supporting Polkadot, Solana, Near and Celo

The Graph Foundation believes in the interoperability of the blockchain and decentralized finance ecosystem. Based on this, the platform is championing a cross-network partnership to unlock the full potentials of this unique feature.The Graph Foundation has announced it will be adding support for four additional blockchains networks including Polkadot, Solana, Near, and Celo. This expansion is a major milestone for the indexing protocol which already has support for both Ethereum and IPFS.The...

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Ethereum Selling Pressure Significantly Less Than In 2018: Analysis

Ethereum has been among the best price performers in the past several months by gaining more than 400% since October to fresh all-time highs above $1,900. According to recent data, though, this bull run is significantly different than the parabolic increase in 2017/2018 when ETH peaked at $1,450.This Time Is Different: ETH EditionLess than a year ago, during the mid-March liquidity crisis, it seemed that the bears had taken a permanent seat in the crypto field. Ethereum was not exempt from...

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Binance Smart Chain Daily Transactions Now 70% More Than Ethereum’s

Binance Smart Chain continues to grow as it’s becoming more and more popular among the cryptocurrency community, especially those who are tempted to explore interesting DeFi capabilities on the network. Undoubtedly, the low fees and quicker transaction settlement compared to Ethereum’s blockchain are a strong incentive for a lot of users.BSC Daily Transactions Now 70% More Than Ethereum’sBinance Smart Chain sees an increased number of users getting attracted to it on a daily basis. This is...

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Ethereum Sets $1,900 ATH but Bulls Target Is $3,000

Ethereum has set a new ATH. In the last 24 hours, the second largest coin has climbed above $1,900. The digital asset is slowly inching closer to a much revered $2,000 price tag.Little stands in the way of Ethereum doubling its 2017 high. After showing strong resilience at $1,800 and setting news ATH, Ethereum now looks set for a breakout. As Ethereum (ETH) price nears $2,000, it is becoming clear that doubling the 2017 high could be easier than expected.Among the best performers in the...

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Tax Payments With Bitcoin and Ethereum Now Available in Switzerland’s Canton of Zug

Residents located in the canton of Zug, one of the 26 cantons in the European country, will be able to use Bitcoin and Ethereum to pay their cantonal taxes as of this week. This comes just months after the canton partnered with Bitcoin Suisse to enable the innovative initiative. CryptoPotato reported the partnership between the two parties in September 2020. At the time, Bitcoin Suisse, the crypto broker headquartered in the same canton, agreed to convert the BTC and ETH holdings to Swiss...

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BNB Price Up 36%, Hits New ATH, Ripple’s XRP Loses 6th Spot to Binance Coin

The last time XRP dropped to that position was in June 2014, when it fell below the meme coin Dogecoin.Ripple’s XRP has dropped further down the crypto ladder as the Binance coin (BNB) has overtaken it, sending the digital coin to the 7th position on the crypto ladder. At the time of writing, BNB price is over 36% up, trading at $183.26. The coin is hitting one record level after another and its market cap has topped $28 billion.The last time XRP dropped to that position was in June 2014...

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