Author: Maria
Ethereum is slipping after printing higher highs over the weekend. Considering price action, the coin is up roughly 5% from last week’s lows but is still trending below the all-important resistance at $3,700. Although ETH holders and traders are upbeat, prices must decisively close above this liquidation level, paving the way for more gains in short to medium term. Will Prices Plunge After Spot Ethereum ETF Begin Trading? The cause for optimism follows the rapid shift by the United States Securities and Exchange Commission (SEC) to approve the first spot Ethereum exchange-traded fund (ETF) in the country. Following encouraging events…
Cardano founder, Charles Hoskinson, boldly predicted at the 2023 Rare Evo conference that ADA would become the largest cryptocurrency in the world. In a recent interview, he provided insights into why he believes that will happen, with Cardano flipping Bitcoin on its way to achieving such status. Why Cardano (ADA) Can Flip Bitcoin Hoskinson alluded to the Cardano ecosystem’s current development as the reason he believes Cardano can flip Bitcoin. He claimed there would be no way to beat Cardano if they accomplished their vision. Furthermore, he noted that ADA had already lived up to what Satoshi Nakamoto started, but…
Robert Kiyosaki, the author of the renowned book “Rich Dad Poor Dad,” recently revealed Bitcoin is the easiest way anyone can become a millionaire. The renowned finance author is known to be a huge advocate of digital assets and again made a case for them while making this revelation. The “Easiest Way” To Become A Millionaire Kiyosaki mentioned in an X (formerly Twitter) post that Bitcoin is the easiest way to become a millionaire. He highlighted how making millions as an entrepreneur can be. The renowned finance author noted that one has to be “really smart, dedicated, and lucky” to…
On-chain data shows that the Bitcoin taker buy/sell ratio has experienced a significant surge on a particular crypto exchange. Here’s how it could impact the price of the premier cryptocurrency. Bitcoin Investors Buying The Dip On This Exchange Prominent crypto pundit Ali Martinez took to the X platform to reveal that investors on a particular exchange have been taking advantage of the recent fall in Bitcoin price. The relevant indicator here is the taker buy/sell ratio, which measures the ratio between the taker buy volumes and the taker sell volumes. Typically, when the value of this metric is greater than…
Ricardo Salinas Pliego, the Chairman of the Salinas group and the third richest man in Mexico has strongly endorsed Bitcoin, advocating for investors to purchase the pioneer cryptocurrency. The Mexican billionaire has underscored the need to hold Bitcoin as a hedge against the devaluation of fiat currencies. One Nigerian Naira Is Worth Less Than One Satoshi Global economies are beginning to realize the worth of Bitcoin and its potential to become a protective store of value against economic and financial crises. Salinas Pliego, a Mexican businessman with a net worth of approximately $13.3 billion has encouraged his 1.8 million followers…
In a significant regulatory shift, the US Securities and Exchange Commission (SEC) partially approved the long-awaited Ethereum ETF filings submitted by prominent asset managers three weeks ago, including BlackRock and Grayscale. SEC Chairman Gary Gensler has indicated that full approval for these Ethereum ETFs could come by the end of the summer, providing much-needed clarity for investors eagerly awaiting this decision. Senate Hearing Reveals Potential Approval Of Ethereum ETFs During a Senate Banking Committee hearing on Thursday, Chair Gensler, responding to queries from Senator Bill Hagerty, expressed his belief that spot Ethereum ETFs will likely receive approval by the end…
Solana founder, Anatoly Yakovenko has declared that SOL has surpassed Ethereum, the world’s second-largest cryptocurrency in a critical metric – the economic barrier for honest nodes to participate in consensus. Solana Outpaces Ethereum By 10X In This Metric According to Yakovenko, the economic barrier for honest nodes to participate in consensus in Solana is 10 times higher than Ethereum’s at the moment. Typically, blockchains like Ethereum and Solana rely on a distributed network of computers, also known as nodes, to validate and record transactions. This entire process is called a consensus and ensures that all nodes in the network work…
Ethereum Layer 2 (L2) solutions are currently experiencing a significant surge in the deployment of Uniswap V2 pools, marking a notable development in the Decentralized Finance (DeFi) ecosystem. Uniswap V2 pools give users the ability to swap between ERC-20 tokens directly, and this token pool is called the Liquidity Pool. The recent wave of new pools is changing the game by lowering transaction costs and improving scalability, two issues that have plagued the Ethereum mainnet for a long time. Ethereum Layer 2 Adoption Surges Popular market expert and crypto enthusiast, YG Crypto reported the development on the X (formerly Twitter)…
Data shows that Litecoin has seen a rapid surge in active addresses, making the asset the most used in the sector, compared to Bitcoin and Ethereum. Litecoin Has More Than Doubled Its Active Addresses This Month According to data from the on-chain analytics firm Santiment, the Daily Active Addresses have recently seen a big jump for LTC. The Daily Active Addresses here refers to an indicator that keeps track of the total number of addresses taking part in some transaction activity on the network daily. Naturally, this metric considers both senders and receivers and only counts the unique number of…
Unlike Bitcoin, where transactions are ordered on a first-come, first-served basis, Ethereum and Solana rely on a pool of validators to confirm transactions and add them to the next block. This process allows for flexibility, as users can expedite their transactions by paying higher fees. At the protocol level, prioritizing transactions based on gas fees has inadvertently led to the rise of complex Maximal Extractable Value (MEV) bots on Solana and Ethereum. By exploiting the system, these bots have become a significant factor in the ongoing debate about gas fees. MEV Bots Pushing Gas Fees Higher On Ethereum? Now, the…