Diving in: Why are 81% of Ethereum’s Beacon Chain nodes in the U.S. and Europe?

Ethereum was the first generalist blockchain to popularize Decentralize Finance (DeFI) through its use of smart contracts. In turn, they created a rich ecosystem of dApps as web interfaces to the blockchain’s smart contract, so far accounting for 3,778 dApps across 6,730 smart contracts. Such dApps have recreated virtually the entire financial system – borrowing, … Read more

India targets Bitcoin and crypto again in latest ban wave

As per the local news source, NDTV, India might ban all major crypto assets when it introduces the new “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021″ this winter. The government is also exploring the possibility of issuing a digital currency backed by the Reserve Bank of India. “The Bill also seeks to … Read more

Fidelity received $270 million in Bitcoin, Ethereum donations this year

Fidelity Charitable, the largest grantmaker in the US under the Fidelity Investments banner, has reportedly accepted approximately $270 million via crypto donations since the beginning of 2021, it said in a release. Founded in 1991, Fidelity Investments Charitable Gift Fund (Fidelity Charitable) is the largest public charity in the United States that holds assets worth … Read more

$500 million in longs liquidated yesterday as Bitcoin fell $4,000

Bitcoin fell nearly $4,000 in a steep plunge this morning, taking with it the broader crypto market and causing over $500 million in ‘long’ liquidations. Funding rates were high across the board on Tuesday, leading to some traders commenting on an impending market drop. “Open interest reached an ATH. Let’s do a little bullish shakeout … Read more

US mortgage lender dumps Bitcoin plans just two months after pilot

A prominent trader makes the case for $8.5k Bitcoin before making new lows A prominent trader known as PentarhUdi accurately called the drop from $10,000 to sub-$6,000 and has called many full Bitcoin market cycles in the past several years, believes BTC is headed to up to $8,500. 3 min read →

Nervos launches cross-chain bridge to connect Ethereum and Cardano

Nervos today announced that the Force Bridge is now live on the mainnet. The Nervos Network is a collection of protocols and public blockchain ecosystem aiming to solve the various challenges facing blockchains like Bitcoin and Ethereum today. The Force Bridge is currently connected to Ethereum through a cross-chain bridge and will be connected to … Read more

Why Standard Chartered says Ethereum (ETH) could pump to $35,000

While the Bitcoin or Ethereum debate rages on between early investors and maxis, London-based bank Standard Chartered already seems to have picked a side.  The bank, in a recent research note, said Ethereum could outperform Bitcoin over the next few years, even stating it ‘structurally’ values the world’s second-largest cryptocurrency by market cap at over … Read more

Last week saw highest Cardano (ADA) inflows, while Bitcoin outflows continue

According to the latest report from CoinShares, the rebound seen in digital asset fund inflows spells good news for the industry as it indicates the market might be entering a bullish period. The report, which analyzes weekly flows into digital asset funds, found that digital asset investment products saw a second consecutive week of inflows … Read more

Bitcoin regains $50,000 as crypto market creeps above $2 trillion

Bitcoin pumped above $50,000 last night as the broader crypto market regained a $2 trillion valuation, data from multiple sources showed. Such figures were last seen in May earlier this year before a brief two-month correction across the market. Some altcoins even fell as much as -85% from their May highs, but have since crept … Read more

Ethereum (ETH), Cardano (ADA) are crowd favorite cryptos in Singapore

Ethereum, Bitcoin, and Cardano are the most invested in cryptocurrencies in Singapore, a recent survey by crypto exchange Gemini on the crypto investing behavior among adults in Singapore found. The survey sampled responses from over 4,300 adults, of which 67% held crypto, 79% of crypto holders being men, and 80.2% of such holders being under … Read more