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Ethereum Exploded by More than 17.4% over the Weekend as Transaction Fees Recorded 205.99% Monthly Growth

The crypto community is continuously keeping a keen eye on Ethereum (ETH) based on its record-breaking moves. Over the weekend, the price of Ethereum soared to hit a new record-high topping $1460. On CoinMarketCap, it touched a high of $1467, though it has pulled back to $1,320 at the time of writing. New data by … Continue reading Ethereum Exploded by More than 17.4% over the Weekend as Transaction Fees Recorded 205.99% Monthly Growth

Ethereum Hodlers are Increasingly Bullish as ETH Google Search Volume Doubles that of 2017

After hitting highs of $4,350 recently, Ethereum (ETH) has dropped by 9.4% in the last 24 hours to trade at $3,280 at the time of writing, according to CoinMarketCap. The crypto market has experienced a steep plunge based on Elon Musk’s tweets, which have created a headwind for Bitcoin. Nevertheless, Ethereum hodlers are showing bullish … Continue reading Ethereum Hodlers are Increasingly Bullish as ETH Google Search Volume Doubles that of 2017

Ethereum Whale Transactions Ballooned to Levels Since January 2018

Ethereum (ETH) sank to lows of $2,000 followed by the market crash witnessed in the crypto space. As a result, the second-largest cryptocurrency shed off half of its market capitalization from the record-high of $500 billion witnessed recently. ETH dropped from an all-time high (ATH) of $4,358 to a low of $2,015 in just one … Continue reading Ethereum Whale Transactions Ballooned to Levels Since January 2018

All Crypto Assets Correlation Meets Greater Than 60% with Bitcoin

After dropping from the all-time high (ATH) of $64.8k recorded in mid-April, Bitcoin (BTC) was up by 4.8% in the last 24 hours to trade at $38,210 during the time of writing, according to CoinMarketCap. The correlation between Bitcoin and other crypto-assets like Ethereum (ETH) and Litecoin (LTC) is above 60%, as acknowledged by Mira … Continue reading All Crypto Assets Correlation Meets Greater Than 60% with Bitcoin

A High Correlation Regime Between Bitcoin and Ethereum Persisted Since 2018

Bitcoin (BTC) and Ethereum (ETH) have had a strong correlation since 2018, despite the emergence of a new bull run last year, as acknowledged by Skew. The crypto data provider explained: “A high correlation regime between BTC & ETH started in 2018 and has persisted until now despite the start of a new upcycle last … Continue reading A High Correlation Regime Between Bitcoin and Ethereum Persisted Since 2018

Bitcoin Miners are Squeezed By Lack of Data Centers Amid China's Clampdown

The ongoing price upset in the global cryptocurrency industry is caused partly by the clampdown on Bitcoin mining and all other cryptocurrency-related activities from China. The reduction in the engagement of miners has not only stopped the inflow of computing power into the Bitcoin network stirring a massive drop in the mining hashrate; it has … Continue reading Bitcoin Miners are Squeezed By Lack of Data Centers Amid China's Clampdown

Crypto Exchange Bullish Plans to Go Public Via SPAC Valued At $9B

Cryptocurrency exchange Bullish has made an announcement that it plans to go public on the New York Stock Exchange through a merger with Far Peak Acquisition Corp, a special purpose acquisition firm (SPAC), in a $9 billion deal. Bullish, a Block.one blockchain software firm, plans to establish a regulated crypto exchange later this year to enable institutional … Continue reading Crypto Exchange Bullish Plans to Go Public Via SPAC Valued At $9B

Australia Sponsors Two Blockchain Pilot Projects for AU$5.6M

The Australian government has allocated more than 5.6 million Australian dollars (around $4.1 million US dollars) to support two new blockchain pilot projects to study how blockchain can improve the competitiveness of Australian production in the mineral and food and beverage industries. According to a statement released from the Australian government on Monday, the government has … Continue reading Australia Sponsors Two Blockchain Pilot Projects for AU$5.6M

PayPal, Visa, Amazon Named as Core Members to Help Bank of England Work on Developing UK’s CBDC

The Bank of England has named the representatives from companies such as Spotify, PayPal, and Asos, Visa, and Amazon among stakeholders participating in two advisory groups that are examining a possible UK’s CBDC (Central Bank Digital Currency). On Wednesday, September 29, the Bank of England announced the members of the technology and engagement forums. The … Continue reading PayPal, Visa, Amazon Named as Core Members to Help Bank of England Work on Developing UK’s CBDC

HK FinTech Week: Understanding Misconceptions on Cryptocurrency

In Hong Kong, the FinTech Week 2021, which launched on November 1, hosted a seminar on misconceptions about cryptocurrencies titled “Crypto in 2021: Misconceptions, Lessons & Opportunities Ahead” on Wednesday, November 3. The yearly global event provides a platform for participants worldwide amid the pandemic of Covid-19 to share their innovations, experience and insights. The talk covered … Continue reading HK FinTech Week: Understanding Misconceptions on Cryptocurrency