Tag Archives: AA News

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...

Verge, a privacy-centric cryptocurrency, reportedly suffered an attempted 51% attack, causing a massive blockchain reorganization, which wiped off over six months of transactions.200 Days Worth of Verge Transactions Wiped OffThe issue was first revealed by Antoine Le Calvez, chief data engineer at blockchain research company Coin Metrics. Tweeting on February 15, Le Calvez noted that 0over 560,000 blocks were affected.Le Calvez’s colleague, Lucas Nuzzi, who is Coin Metrics’ network data...

Uniswap (UNI) has become the first decentralized exchange (DEX) to reach $100 billion in cumulative trading volume as the appetite for the decentralized finance (DeFi) market continues to grow. Meanwhile, the UNI token recently set a new all-time high, with the platform now boasting about $4 billion in total value locked (TVL).Uniswap Crosses $100B LandmarkTweeting on Monday (Feb. 15, 2021), platform creator Hayden Adams revealed that Uniswap had surpassed $100 billion in cumulative trading...

Ethereum followed Bitcoin’s price through a correction earlier today. However, in doing so, it has also reached oversold levels on the Relative Strength Index (RSI) which are typically followed by a serious uptrend.Ethereum’s Price Goes Through a CorrectionAs CryptoPotato reported earlier today, Bitcoin’s price went through a mild correction which saw it dipping below $46,000 after a rejection at the coveted $50,000 level.Many altcoins followed and ETH was among them. The correction in ETH’s...

The billionaire CEO of Tesla shocked the entire crypto community on Twitter with an enticing offer he presented to major DOGE holders in his most recent engagement.Too Much ConcentrationHe noted that the only thing hindering Dogecoin from becoming the “official currency of the internet” is its high level of concentration among a few wealthy people.With this minority group owning more than 50% of the entire Dogecoin supply, it becomes increasingly difficult for the cryptocurrency to achieve...

The recent boom in institutional interest in Bitcoin and cryptocurrencies might be a fresh sign that the market needs crypto regulations. SEC Commissioner Hester Peirce pointed out that the wide range of investors would also improve price formation.Institutional Interest as the Long-Awaited Sign for Crypto RegulationsUS Securities and Exchange Commission (SEC) commissioner Hester Peirce has said that there is a need for precise cryptocurrency regulation. According to a recent news report, the...

Bitcoin went through a mild correction in the past hours. Its value dipped below $46K after failing to conquer the coveted $50,000 level. However, according to the CEO of a popular cryptocurrency monitoring resource, this might be the time to buy BTC if you’re a long-term investor.‘Now is the Time to Buy BTC’Bitcoin went through what many consider to be a mild healthy correction. As CryptoPotato reported earlier today, the cryptocurrency dipped below $46,000 after failing to clear the coveted...

On Sunday, Feb. 14, Bitcoin prices hit an all-time high of $49,850 according to Tradingview, however, on some exchanges it may have reached $50k.Since then, it has begun a sharp correction dropping prices by 7% in a retread to just over $46k during early trading in Asia on Monday. At the time of press, Bitcoin was changing hands for $47,100 and looking in danger of falling further if current support levels fail.BTC/USD Binance – Tradingview.comThe next level of support below the current one...

The giant US multinational investment bank JPMorgan Chase & Co could be among the next entities to get involved with bitcoin. The bank’s co-president Daniel Pinto recently said that while the demand for the first-ever cryptocurrency isn’t fully there yet, it will be at some point, and the institution has to be prepared.JPM To Be Next On The BTC Bandwagon?Last year was indeed pivotal for the primary cryptocurrency as the COVID-19 pandemic highlighted its benefits to the traditional...

A bitcoin investment worth $1,200 following the first stimulus checks sent by the US government in April 2020 would have skyrocketed by more than 600% until today to over $8,500.Although this is a spectacular growth for less than a year, the same investment put in Ether would have presented an even better ROI of over 1,000%.Option 1) Stimulus Put In BTCThe US government initiated a drastic measure last year to sent stimulus packages to its citizens following the COVID-19 pandemic, which...