Ethereum (ETH)

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...

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...

Litecoin price started a fresh increase from the $200 support zone against the US Dollar.LTC price is now trading well above $220 support and the 55 simple moving average (4-hours).There is a crucial bullish trend line forming with support near $208 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could dips a few points, but there are high chances of a break above the $250 resistance.Litecoin price is trading in a positive zone above $200 against the US Dollar,...

Coinbase will take a 25% commission on all the rewards received by their customers.According to a press release by Coinbase, the crypto exchange firm has announced that its waitlist for staking Ethereum 2.0 has now been launched. This means that users of the platform can now sign up to stake their ETH tokens into the Beacon Chain smart contract. Beacon chain is widely regarded as the bridge between Ethereum and its 2.0 version that would see the second-largest crypto asset by market cap...

Despite the limitations of mainstream acceptability of Unstoppable Domains over the years, more than 500,000 sites have been hosted on the network thus far.Unstoppable Domains, a San Francisco-based company specializing in building domains on blockchains, has announced an integration with American web infrastructure firm Cloudflare Inc (NYSE: NET).The integration seeks to take the latter firm’s Ethereum-based .crypto domain names mainstream through the use of Cloudflare’s Distributed Web...

Bitcoin and most alternative coins are not the only crypto-related gainers during the ongoing bull cycle. The price developments have pushed numerous industry companies to see stock increases, including Chinese mining firm SOS Limited, which also received an endorsement from Shark Tank’s Kevin O’Leary.SOS Limited Recent DevelopmentsWith a membership base of about 20 million in China, SOS is an “emerging blockchain-based and big data-driven marketing and solution provider,” which recently...

Ethereum transaction fees continue to be rather expensive as the network works at a 98% capacity. This has apparently caused users to seek more efficient alternatives, and Binance Smart Chain (BSC) is becoming particularly popular.Binance Smart Chain Rising in PopularityTransaction fees on Ethereum are getting particularly high. Gas costs escalate as users flood the DeFi markets in search of high yields and the “next 100x gem on Uniswap.”This has led to the notion that DeFi is only profitable...

The potentials in the price of Ethereum to soar to new levels is backed by the rise in the coin’s Total Value Locked (TVL) on DeFi platforms.The price of Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been constantly touted to break past the $2,000 psychological level, and the latest key fundamentals in the crypto point towards this. There has been a mix of bullish and bearish runs in the crypto market space with Ethereum known to experience these upswings on...

Over the past 24 hours, we saw the cryptocurrency market recovering from a mild correction that took place on early Monday morning. Bitcoin touched $50,000 for the first time, the total cryptocurrency market capitalization increased above $1.5 trillion, while Polkadot became the 4th biggest project by market cap, surpassing Cardano by an inch.Bitcoin Price Taps $50KFor the first time in history, the primary cryptocurrency tapped the coveted mark of $50,000. This is a major milestone for...

[PRESS RELEASE – Please Read Disclaimer]Amid so many controversies, growing blockchain scalability problems force miners to reconsider a bigger block size through the ‘Bitcoin8M campaign’.Scalability means the ability of the blockchain network to increase its size or scale. For blockchains like Bitcoin and Ethereum, increasing this range presents many challenges.The biggest obstacle to mass blockchain technology adoption is its limited transaction processing capacity. In contrast to some...