The race to integrate cryptocurrencies into the global banking network is real. The digital asset marketplace recently reclaimed or rather surpassed the $2 trillion mark. The sheer valuation was one of the reasons for the unprecedented traction. A report published by KPMG, one of the ‘Big Four’ accounting organizations had published a report to highlight … Read more
Analysts at JPMorgan have stated that Ethereum’s dominance in the NFT space is being threatened by the Solana blockchain which has witnessed tremendous growth in the past year. Ethereum dominance in NFT is being threatened According to the report, the bank reiterated that the dominance of Ethereum in spaces where it used to reign supreme … Read more
Ethereum is undoubtedly the leading blockchain in DeFi, but this could be about to change as analysts at JPMorgan have noted that the dominance of the asset in the space could already be fading. According to the analysts, the rise of smart contract-enabled protocols like Terra, Avalanche, and Solana have shown that the lead of … Read more
Both Bitcoin and Ethereum have long challenged each other for the top spot in the market. Irrespective of Bitcoin leading in terms of market capitalization, Ethereum has stood firm, despite BTC holding its fair share of dominance. At the time of writing, the BTC.D (Bitcoin Dominance rate) had a reading of 42.28% while ETH had … Read more
The effect of the People’s Bank of China’s latest statement on crypto-services prohibition in mainland China was as expected. The crypto-market came tumbling down as Bitcoin fell by over 5% after the news and Ethereum lost more than 7% of its value in just two hours. All was going well for the top altcoin before … Read more
