Ethereum’s long positions have been on a tumultuous rollercoaster ride, with record-high liquidations topping $58 million in May. The digital asset, currently trending bearish around the $1,820 price range, has been entrapped within the $1,800 price range for a substantial period. Despite witnessing a minor surge, the potential for growth
On this Earth Day, let’s look at some of the green cryptocurrencies in the market. The general accusation made against cryptocurrency and its backend technology is high energy consumption. Reports in the past few years have stated that US mining firms consume more electricity than any third-world country. Proof-of-Work (PoW)
The launch of SERP, the first live protocol on Shiba Inu’s Shibarium, marks a major milestone in the development of the innovative decentralized exchange (DEX). Shibarium, was created by the team behind the Shiba Inu token. Also, it aims to disrupt the traditional financial landscape by providing a decentralized and
The cryptocurrency ecosystem has been going through its fair share of turmoil in the US. With the CFTC and SEC ramping up their scrutiny of the cryptocurrency industry, SEC chair Gary Gensler has been receiving quite the backlash for demotivating the cryptocurrency realm. In one of the recent testimonies by
Ethereum’s 2.0 staking deposits vs. withdrawals are not so symmetric now. The number of deposits is taking up the volume from the withdrawals. The community was taken aback when the difference between deposits and withdrawals exceeded 75k ETH on April 15th. But the situation reversed on April 16th, with 16K
The recent surge in the demand for Ethereum (ETH) is evidenced by deposits outpacing withdrawals. This is a clear indication that more investors are attracted to this cryptocurrency and are showing a higher level of confidence in its potential to generate profits. The ETH deposits are outpacing withdrawals in the
The reported launching of the Shanghai upgrade with the consensus layer upgrade termed Capella, together called Shapella is dated April 12, 2023. Withdrawals are set to initiate after the doubled Ethereum Bug Bounty for Shapella’s susceptibility. Researchers believe that the upcoming Shanghai Upgrade might impact ETH, to price drop with
Decentralized Autonomous Organization (DAO), uses blockchain technology for all crypto transactions thereby allowing users to vote by offering special tokens. DAOs allow Polygon, to build a community for businesses compared to Ethereum (ETH). Considerably, there are 2X more of DAOs accumulated on Polygon than ETH. The spike rate is substantial
The United Arab Emirates, especially the emirate of Dubai, never fails to astonish the whole world. Indeed, the emirate always seeks to bring attention from the entire world, by all means possible. From the world’s tallest building or man-made structure, the Burj Khalifa to the world’s deepest pool ever, all
BNB Chain has made significant advancements by onboarding subsequent billion users into the Web3 arena. The BNB Chain developer announced on December 22 that the total number of unique addresses on the BNB Chain has overtaken Ethereum. The Binance network’s extensive possibilities drew multiple interesting DeFi, GameFi, and SocialFi projects,
