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How The Ethereum Merge Is Boosting ETH Market Dominance
The Ethereum merge from Proof-of-Work (PoW) to Proof-of-Stake (PoS) is now roughly 30 days away after what feels like years of anticipation. While price action is the mainstay pillar of speculation, anticipation over ‘The Merge’ continues to grow – and so too does ETH’s market dominance. New data shows that Ethereum continues to gain ground…
Read MoreWhy The Fed Will Require Banks To Report Crypto Activity
The U.S. Federal Reserve (Fed) issued a letter on banking institutions participating in crypto-related activity and potentially adopting digital assets. The financial institution claimed that the nascent asset class “poses a risk” to the current financial system and to consumers investing capital in the sector. In that sense, the Fed wants all U.S. banks and…
Read More3 Reasons the Ethereum Price is Moving to $3k and New Cryptocurrency Battle infinity is Moving to $1
Ethereum has lost just over 80% of its value since reaching an all-time high in November 2021, but some market factors point towards it reaching $3,000 again. Let’s explore the reasons that it could become a reality and not just another hype phase that the crypto market has experienced so many times. Why Will Ethereum…
Read MoreArker: The Legend of Ohm’s P2E Game Metaverse Is Evolving Into An Immersive 3D World
The blockchain-based NFT game Arker: The Legend of Ohm is evolving into something altogether more immersive and more playable, with the coming launch of a 3D version of its virtual fantasy world set to arrive later this year. Arker is one of the most playable play-to-earn games around. Gamers take on the role of an…
Read MoreFed Could Give Crypto Banks Access To Legacy Banking System
According to a press release, the U.S. Federal Reserve (Fed) might provide crypto banks and other entities with access to Federal Reserve accounts and payment services. Following two proposals from the Federal Reserve Board in May 2021 and March 2022, the institution has arrived at final guidelines for these purposes. This set of rules is…
Read MoreMakerDAO Set To Convert USDC Funds To ETH, Is This A Good Idea?
The crypto community has been on alert since the crash of LUNA, ETH, and USDT. Investors depend on stablecoins to hedge against price volatility in the crypto market. These stablecoins are pegged to USD, meaning each coin is worth the same as 1 USD. So, for instance, holding 1USDT or USDC is the same as…
Read MoreGalaxy Digital Back Pedal On $1.2 Billion Deal For BitGo Acquisition, BitGo To Seek $100 Million In Damages
Galaxy Digital has announced that it’s backing out of its $1.2 billion proposed acquisition of the cryptocurrency custodian, BitGo. Galaxy Digital Backs Out Of BitGo Deal A $1.2 billion acquisition of Palo Alto, California-based BitGo by digital asset investment firm Galaxy Digital has been canceled, ending one of the biggest acquisitions in cryptocurrency history. In…
Read MoreSaddle Finance Redefines Trading of Pegged Value Assets with Ease And Security
Are you ready to Saddle up? A decentralized finance platform architectured to facilitate efficient trade between pegged crypto assets is now one of the most prominent names on the Ethereum blockchain. Saddle Finance, an automated market maker (AMM), is developing solutions to eliminate roadblocks related to the spread between stablecoins and tokenized crypto assets. In…
Read MoreBitcoin Miners Continue Distribution, Bad Sign For The Rally?
On-chain shows Bitcoin miners have been in a phase of distribution recently, a sign that could prove to be bearish for the price of the crypto. Bitcoin Miner Reserve Observes Downtrend As Miners Look To Dump As pointed out by an analyst in a CryptoQuant post, the latest selling from BTC miners may force the…
Read MoreTime to Buy Dogecoin? DOGE Price up 8% as Alternatives like Tamadoge also Rocket
Dogecoin closed out the week strong with an 8% pump on Sunday August 14th, up around 14% in total on its weekly candle. Heading into the latter half of the month the Dogecoin price is now up 60% from its lows – however Ethereum is up over 120% since crashing to $880, hitting just over…
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