Ethereum (ETH)

The explosive growth of Non-Fungible Tokens (NFTs) has opened up the blockchain industry to a new realm of endless possibilities.They have allowed for the existence of rare assets reminiscent of those in our conventional world, and virtual reality gamers are throwing their weight behind by splurging on these assets. An Axie Infinity gamer recently paid 888.25 ETH (worth $1.5 million at the time of purchase) for a virtual estate, breaking the previous record of $800,000 paid by Polyient Games...

Litecoin price started a fresh increase from the $145 support zone against the US Dollar.LTC price is now trading well above $175 pivot level and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $175 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains supported and it is likely to accelerate higher above the $185 and $190 levels.Litecoin price is showing positive signs above $175 against the US Dollar, while...

Several well-known individuals, including Gemini’s co-founders the Winklevoss twins, soccer legends Christian Vieri and Paolo Maldini, and Philadelphia 76ers owner Michael Rubin, are set to join the NFT craze. Each will have his own personal digital artwork as a non-fungible token (NFT) on the Ethernity platform.Digital Artwork On Ethernity With Famous IndividualsFounded by the early Bitcoin adopter Nick Rose Ntertsas, Ethernity is an initiative that explores various applications for...

Considering the fact that the crypto industry has been on a general bullish run recently, it is possible to assume that the value of Ethereum would break the $2000 level even before the end of the week.The two leading cryptocurrencies, Bitcoin and Ethereum, have been on an incredible run since the beginning of the year with both assets reaching new all-time highs. Not only that, the assets have seen an increased interest by institutional investors who have kept pouring in millions of dollars...

According to CME Group market data, a total of 388 Ether futures contracts exchanged hands on the first day of trading.The second digital asset by market capitalization Ethereum is now exposed to institutional investors through regulated Ether Futures on the Chicago Mercantile Group. Notably, Ether Futures recorded a whopping $30 million in traded volume on its CME debut.“As institutional demand for transparent, exchange-listed crypto derivatives continues to increase, we are pleased to...

The popular Layer-2 scaling solution for the Ethereum blockchain, Matic Network, has rebranded its project to Polygon. Upon the name change, Polygon also announced plans to enhance its support for the Ethereum network to scale faster and reduce the growing transaction costs.Matic Network Becomes PolygonKnown as Matic Network until today, the project serves as an open-source scaling solution for the Ethereum network, backed by two of the world’s largest cryptocurrency exchanges – Binance and...

The regulated stablecoin fully backed by the US dollar, Stably USD (USDS), will launch on the popular public blockchain – Tezos as a part of an ongoing collaboration between the two parties. The stablecoin issuer aims to target lower fees with the Tezos network, which recently went through an upgrade that decreased the costs by about 75%.USDS Comes To TezosIssued until now on the Ethereum blockchain, Stably USD (formerly known as StableUSD) is a US dollar-pegged stablecoin fully backed 1:1...

With its massive $1.5 billion purchase of bitcoin, the electric vehicle giant Tesla has inadvertently helped the cryptocurrency to surpassed it in terms of market capitalization. With BTC’s price skyrocketing to new highs and its market cap following, bitcoin is now ranked as the 7th largest asset.Bitcoin Surpasses Tesla For The 7th SpotElon Musk’s Tesla shocked the world after it filed Form 10-K with the US SEC, in which the founded in 2003 clean energy giant said it had purchased $1.5...

Ethereum price is showing a lot of positive signs above the $1,500 and $1,650 resistance levels against the US Dollar.ETH price is currently trading well above $1,700 and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $1,480 on the 4-hours chart (data feed from Coinbase).The pair seems to be eyeing an upside break above $1,800 and $1,850 in the near term.Ethereum price is about to break higher above $1,800 against the US Dollar. ETH/USD is...

Ethereum – the world’s second-largest cryptocurrency by market cap and the number one competitor to bitcoin – has shot up like no other currency this week. The asset has lost much of the attention thanks to bitcoin once again rising beyond the $37,000 mark in the past few days, but it has still set a new precedent and has traders talking about what’s to become of the world’s primary altcoin.Ethereum Is Growing Like No Other CoinEthereum initially began in 2015, which makes it considerably...