Ethereum (ETH)

The executive of the PBoC says that digital currencies raised potential threats to financial security and social stability.The central bank of China has said it is “quite worried” about the worldwide financial risks from privately developed digital currencies, particularly, stablecoins.“Some commercial organizations, so-called stablecoins, especially global stablecoins may bring risks and challenges to the international monetary system, and payments and settlement system,” said Fan Yifei,...

Litecoin price failed to continue above the $150 resistance zone against the US Dollar. LTC price is now trading below $140 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $136 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $132 and $130 support levels in the near term. Litecoin price is slowly gaining pace below $140 against the US...

In a bid to equip decentralized application (dApp) developers with the necessary tools for maximum production, Ethereum blockchain developer platform Alchemy has announced a partnership with Polygon to enhance the network’s capabilities.  Alchemy Integrates Polygon The firm made the announcement today, stating that the move would supercharge the development of Polygon and the Ethereum network.  Furthermore, the partnership would also provide the necessary tools to dApp...

Bitcoin, Ethereum, Dogecoin, Tesla, and Facebook… Over the past several months, many analysts have talked about how all these entities are potentially related and how they correlate with each other. It is widely believed that altcoins like ETH follow bitcoin’s patterns, while it is alleged that bitcoin and stocks will mimic each other’s behavior. Either way, per Sam Bankman-Fried – the CEO and founder of popular cryptocurrency exchange FTX – believes that all these...

Initially, the founders had earlier experimented with some NFT sneakers design on Ethereum blockchain, however, the low transaction fees coupled with the speed of minting new tokens drew them to the Solana blockchain.NFT platform Sole Selector has given users the privilege to design and mint their own sneaker NFTs on the Solana blockchain. Lovers of sneakers and enthusiasts of the burgeoning non-fungible token (NFT) sectoralike may soon find themselves with a new obsession in CryptoKickers’...

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...