Ethereum (ETH)

A weekly market report by America’s largest cryptocurrency exchange, Coinbase, has outlined several reasons why the forthcoming mass token liquidation by its bankrupt rival FTX is unlikely to cause market shocks in the ecosystem. The research report, written by Coinbase head of institutional research David Duong, disclosed that analysts at the exchange found some factors that should mitigate the risks of market shocks when the assets are eventually sold. FTX’s Forthcoming...

In a recent turn of events, Ant Group, a Chinese financial technology giant, reportedly decided to divest its $100 million investment in A&T Capital, signaling a retreat from the volatile crypto sector. These reports come a few months after the resignation of A&T founding partner Yu Jun, who was later investigated for his workplace misconduct while serving as an executive at A&T Capital. Ant Group to Retreat From A&T Capital A&T Capital was founded in 2021...

Ethereum’s layer-2 solutions are outperforming the blockchain they were designed to bolster. Both Base and zkSync Era have shown remarkable performance so far despite the incessant bear market. For the first time in history, Base and zkSync Era surpassed Ethereum’s Transactions Per Second (TPS) rate of 10.18 on September 17th. According to data compiled by L2Beat, the Coinbase-incubated layer-2 network achieved a TPS of 12.93, marking an impressive 49.76% increase within just...

Luckily, Cuban was quickly alerted and managed to move over $2.5 million worth of other crypto he had on Polygon to a Coinbase exchange address. It turned out to be a huge mistake for tech billionaire Mark Cuban when he decided to revisit crypto this past weekend. Having been inactive for several months, the Dallas Maverick owner thought it a good idea to look up his holdings, only to fall victim to a crypto scam. According to blockchain data, he lost around $870,000 worth of tokens to the...

After facing rejection for several weeks and experiencing a series of bearish developments, the price of Ethereum reached a critical point near a pivotal support area. This includes the 61.8% Fibonacci retracement level. Fortunately, the price returned from this crucial zone, providing hope amidst the prevailing bearish sentiment. This rebound also indicates the possibility of a temporary consolidation phase. By Shayan Ethereum’s price has been in a prolonged downtrend,...

The latest market manipulation report from Solidus Labs, specializing in crypto-native trade surveillance and risk monitoring, has identified wash trading activity of at least $2 billion worth of cryptocurrency on Ethereum-based decentralized exchanges (DEXs) since 2020. Solidus Labs Exposes Wash Trading in DEXes Solidus Labs analyzed a sample of approximately 30,000 DEX liquidity pools and found that wash traders manipulated 67% of them. Wash trading refers to traders...

MetaMask – one of the biggest and most popular digital wallets built atop the Ethereum network – is having its origin story challenged in court. MetaMask: Who REALLY Built It? A lawsuit has been filed in San Francisco, California by entrepreneur Joel Dietz, who says he played a significant role in the wallet’s development. He claimed via court documents that Ethereum is working hard to erase him from its history and trying to get away with not paying him his fair...

Polygon has doubled down its efforts to create an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge technology for its recently unveiled Polygon 2.0’s roadmap. As such, Polygon Labs – the organization behind the scaling solution – has released three PIPs. The implementation will, however, begin as early as Q4 of this year if the community endorses these proposals. The Proposals for Polygon 2.0 In a blog post, Polygon Labs presented three Polygon Improvement...

There’s been an interesting ongoing discussion among XRP aficionados on Twitter lately, with some laying arguments as to what the future of Ripple should look like so that it supports the company’s vision, as well as that of XRP holders. A community member, Yassin Mobarak, took it to X to comment: I’m sensing Ripple is shifting from reliance on XRP in cross-border payments to new use cases such as institutional custody of digital assets, derivatives, CBDCs, and carbon credit...

In October 2020, PayPal, the world-renowned digital payment platform, announced its foray into the cryptocurrency market. This landmark decision meant that the platform’s vast user base, consisting of hundreds of millions of individual consumers and millions of merchants, could now buy, hold, and sell cryptocurrencies directly from their PayPal account. In addition, transactions can be conducted using these digital currencies. This article will delve into PayPal’s journey...