Scott Melker, a professional trader believes Ethereum (ETH) has “tremendous upside potential” and could outshine bitcoin this year, according to Cointelegraph. That’s good news for ETH holders.
In his exclusive interview with Cointelegraph, the trader said that he sees “this period of Bitcoin’s price consolidation as particularly bullish for the second largest cryptocurrency,” as ETH reaches a new all time high. Melker also believes “Ether’s outstanding performance is the main catalyst of the recent altcoin market bull run.”
Recently, Melker has been largely switching his dollar-cost averaging strategy from Bitcoin to Ether in the last few months, in order to…
Two Coinbase employees, Rebecca Rose and Peter Kacherginsky,
recently got legally married on the Ethereum blockchain, showing us another use for the network. The two got married on the blockchain on 14th March, announcing on 3rd April that they had got married on the blockchain in words both physical and virtual.
In addition to their traditional Jewish wedding ceremony., Kacherginsky wrote an Ethereum smart contract named Tabaat that issued tokenized “rings” NFTs in the form of TBT tokens to the couple’s wallets. Tabaat is the Hebrew word for ring.
The 2,218 line smart contract cost the couple 0.25 ETH to…
Andrew Cuomo, Governor of New York state , announced the launch of its IBM-made, blockchain-based, digital health app that will allow users to carry proof of a Covid-19 vaccination or negative PCR, antigen test results on their phone.
According to the press release and Coindesk, “individuals will be able to either print out their pass or store it on their smartphones using the Excelsior Pass Wallet app much like a mobile airline boarding pass.” It is hoped that this will allow the faster reopening of businesses and event venues for sport and entertainment, such as Madison Square Garden.
Businesses can…
Cardano’s native token ADA is now available for trading on Coinbase. Having recently become the third largest cryptocurrency with a market cap of $41,9 billion, it is now available to retail traders on Coinbase, whereas previously it had only been available on Coinbase Pro.
Cardano is a cryptocurrency network and open source project that aims to run a public blockchain platform for smart contracts.
Coinbase made the announcement on 19th March: “Cardano (ADA) is launching on http://Coinbase.com and in the iOS and Android apps within the next 15 minutes. You may need to refresh your app to properly buy, sell…
Bitcoin has beaten all over asset classes by at least a factor of 10 over the last decade, according to Compound Capital Advisors’ CEO and founder, Charlie Bilello. He has compiled a report of the top asset classes based on data from YCharts.
Others agree with him. Roberto Talamas, a Messari research tweeted that Bitcoin has produced an annual return of 230% on average — more than 10 times higher than the second-ranked asset class. That second asset is class is the U.S. Nasdaq 100 Index with an annual return of 20%, while U.S. Large Caps sat in third place…
Uniswap is the leading decentralised exchange and this week its native token UNI has surged by 50% ranking UNI as the eighth-largest crypto asset with a $17.7 billion.
According to Cointelegraph, Messari ranks UNI as “ the -second-largest Ethereum-based asset by market cap behind Tether, beating out the Chainlink by nearly 50% of its capitalization.”
The action all happened on 5th March, when during a 24-hour period, UNI became the first DeFi DApp token to enter the Top 10, and Uniswap’s market capitalisation rose from $8.8bn to $14.7bn, according to CoinMarketCap.
The UNI token price “is currently consolidating near yesterday’s…
As cryptocurrency edges its way more into the mainstream, Google Finance has added crypto prices to its finance.google.com domain and now has a tab in ‘Compare Markets’, alongside the stock market and currency markets. Currently, Google has added prices for Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
In the past YouTube, which is owned by Google’s parent company Alphabet, has angered crypto enthusiasts for banning crypto-related educational and news content. Even Cointelegraph and Coindesk have been suspended from the platform at times, until they proved they had not violated the terms of service.
The crypto market is attracting more mainstream attention…
A recent study of people over 18 by Piplsay has revealed, “a majority of American believe cryptocurrency is a safe investment. Furthermore, 25% already own crypto with another 27% saying they plan to invest this year,” according to Coindesk.
Piplsay is a global consumer research platform, and significantly, its study’s findings are broadly in line with other surveys.
Grayscale research in October 2020 showed that 55% of US investors had an interest in buying cryptocurrencies, while another study by Bitwise indicated that 24% of financial advisers had already bought Bitcoin.
2020 was an amazing year for the leading cryptocurrency, and…
The deposit contract for the Beacon Chain, which is the bridge between the existing Ethereum blockchain and the forthcoming Ethereum 2.0, now holds over 3,000,000 ETH, worth over $5.5 billion at current prices.
The contract has been very successful since its launch in November, and had already secured the necessary amount of ETH to ensure the contract within three weeks of its launch.
When the time comes to launch Ethereum 2.0, the Beacon Chain will help “dock” the current mainnet onto 2.0 to ensure the network’s complete migration. Significantly, Ethereum 2.0 uses proof-of-stake where “validators” replace miners to process transactions.
…
Dogecoin, the meme cryptocurrency, shot up an astonishing 55% over the weekend, achieving a new all time high (ATH) after American rapper Snoop Dogg joined DOGE booster-in-chief Elon Musk and Kiss rock star Gene Simmons, tweeted a meme of a Shiba Inu dog, the breed representing the DOGE token.
On Sunday morning DOGE was trading at around $0.056, but by Sunday afternoon it sat at $0.084. This eclipsed its most recent ATH of $0.078 giving it a year on year increase of 1,380%.
On Sunday afternoon, Snoop posted a meme of a Shiba Inu is rappers’ clothing, addressing it to…