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“# Ethereum on track to settle $1.6 trillion this quarter ” Ethereum usage is surging this year, with the value of transactions settled on the network skyrocketing during 2021. According to research from Messari, Ethereum has settled $926 trillion worth of transactions this quarter so far — 700% more than it processed during Q1 2020. …
“# Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher ” The cryptocurrency market is showing signs of progress following a multiday sell-off that saw the total market capitalization drop by more than $400 billion as Bitcoin’s (BTC) price briefly fell below $46,000. While the majority of altcoins have entered a consolidation phase…
“# Traders remain bullish even as DeFi’s TVL falls to $54.4 billion ” Decentralized finance and the numerous platforms offering investment services have been the talk of the cryptocurrency sector for several months and this has resulted in investors capturing spectacular gains for some of the top DeFi tokens like Uniswap (UNI) and AAVE. The…
“# Price analysis 2/24: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM ” Institutional investors continue to pour money into the crypto sector even with the current dip below $45,000. On Feb.24, business intelligence firm MicroStrategy announced that it had recently purchased over $1 billion worth of Bitcoin (BTC) at an average rate…
“# ETH mining still highly profitable despite upcoming Eth2 upgrade ” Ethereum miners continue to enjoy lucrative payouts for their efforts in 2021, while the smart contract blockchain platform edges closer to a move away from its proof-of-work consensus. The past few months have been phenomenal for much of the cryptocurrency space, as the likes…
“# Chainlink rolls out OCR system upgrade, reducing gas costs tenfold ” Chainlink (LINK) has launched a major upgrade for its oracle network, dubbed Off-Chain Reporting, or OCR. The upgrade was announced on Wednesday, though the implementation has been live for some time already. OCR changes how data across multiple sources is joined together by…
“# Total estimated crypto users worldwide tops 100 million, survey finds ” Crypto exchange and debit card provider Crypto.com has published a new report estimating that the total number of crypto users globally rose from 66 million in May 2020 to 106 million by January. Given the complexity of mapping unique crypto wallet addresses onto…
“# Crypto on-ramp hits Opera browser following Simplex integration ” Users of the Opera web browser will now be able to purchase cryptocurrencies directly within the application following a partnership with Simplex. Founded in 2014, Simplex is a European Union-licensed fintech company that provides access to over 50 cryptocurrencies and is a principal member of…
“# CoinShares launches new physically-backed Ether ETP ” Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP. Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with around $75 million in assets under management. Announcing the news Wednesday, CoinShares said that…
“# DeFi user pays $36K for one Uniswap transaction, as EIP-1559 draws closer ” Ethereum fees are at record level but even so, one Uniswap user paid well over the going rate with a gas fee of $36,000 for a single transaction. Crypto twitter has been flooded with complaints about the unsustainable fees for using…