Ethereum (ETH)

This week saw quite a bit of action, which ultimately failed to result in any substantial gains or losses in the total cryptocurrency market capitalization. The figure stands at $2.057 trillion, according to CoinGecko – up ever so slightly compared to this day last week. Bitcoin’s price charted a decline of 2.8% in the past seven days, as the bulls were unable to remain above the important technical level at $52K. And it wasn’t for the lack of trying. In fact, BTC was trading...

Social media platform Reddit filed an S-1 registration statement with the Securities and Exchange Commission (SEC) on Thursday, in a bid to go public on the New York Stock Exchange (NYSE). The filing revealed that the company has invested some of its “excess cash reserves” into multiple cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). According to the filing, the company also acquired both ETH and one of the network;s layer 2 tokens, Polygon (MATIC) “as a form of...

Tech-focused venture giant Andreessen Horowitz (a16z) has invested $100 million in the Ethereum-based EigenLayer, suggesting that VC funding in crypto may be on course for a revival. As reported by Bloomberg on Thursday, a16z was the sole backer of the funding round, which marks the largest investment ever received in EigenLayer by a wide margin. Restaking With EigenLayer, Explained The next largest investment in the platform was a $50 million raise in March during a funding...

Vitalik Buterin, the co-founder of Ethereum, recently expressed skepticism regarding the prevailing notion of prioritizing simplicity in Layer 1 (L1) blockchains over Layer 2 (L2) solutions. Buterin disclosed that his confidence in simplifying L1s at the expense of more intricate L2s has diminished significantly over the past five years. Bug Risks in L2 Networks Buterin highlighted the dilemma of choosing between the risks associated with bugs in L1 and L2. He stated, “It’s...

[PRESS RELEASE – Please Read Disclaimer] The L3 Summit is a zkLink-initiated event series that educates, amplifies, and shares research about the current status of Layer 3 development from the world’s leading Layer 1 and Layer 2 blockchain protocols. Layer 3s are a third layer built on top of Ethereum Layer 2 Rollups that deliver higher scalability, lower gas costs, and greater app-specific customizability. Layer 3s are poised to lead the future of building interoperable DApp...

Ethereum steigt kurzzeitig über 3.000 US-Dollar Knapp eine Woche nachdem BTC die Marke von 50.000 $ überschritten hat, ist ETH am Dienstag kurzzeitig auf über 3.000 $ gestiegen – ein Stand, der seit 2022 nicht mehr erreicht wurde. Genau wie bei BTC sind die treibenden Kräfte für den Preisanstieg von ETH grundsolide Fundamentaldaten: Es gibt eine stetig steigende Nachfrage sowohl von Privatanlegern als auch von institutionellen Investoren in...

Bitcoin kaufen: Postfinance klärt auf "Was ist Bitcoin überhaupt?" Der Kryptomarkt befindet sich im Aufschwung. Nach über zwei Jahren ist die Kryptoleitwährung Bitcoin wieder über 50’000 Dollar wert und immer mehr Finanzinstitute in der Schweiz nehmen Kryptowährungen in ihr Angebot. Diese Kryptowährungen bietet Postfinance an: Bitcoin Ethereum Aave Cosmos Bitcoin Cash Compound Chainlink Litecoin Polygon Uniswap Tezos Wie die Postfinance angekündigt...

Litecoin started a fresh decline from the $73.00 resistance zone against the US Dollar. LTC price is now trading below $70.50 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $70.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down unless the bulls protect the $66.00 support zone. Litecoin price is struggling below $70.00 against the US Dollar, like...

Cardano (ADA) is a “shitcoin” without purpose that has no distinct advantage over competitors, according to BitMEX co-founder Arthur Hayes. “Who gives a fuck? Zero?” said Hayes when asked “What about Cardano?” in an interview with Coin Bureau published on Sunday. Cardano Is A Shitcoin, Says Hayes Continuing to describe the cryptocurrency – a top ten digital asset by market cap – Hayes did not mince words: “The first wannabe Ethereum, and probably the first one to go to be...

TL;DR Ethereum’s recent price surge coincides with a shift towards self-custody and an anticipated blockchain upgrade. ETH’s valuation might also be positively impacted by regulatory developments, among other reasons. Abandoning Exchanges The price of Ethereum (ETH) has increased significantly in the past several weeks, recently surpassing the $3,000 milestone for the first time since the spring of 2022. Some on-chain metrics suggest that the asset might be poised for a...