Tag Archives: eth

Correction? $15 Billion Evaporate from Crypto Markets as Bitcoin Loses $700 in Hours

Correction? $15 Billion Evaporate from Crypto Markets as Bitcoin Loses $700 in Hours

There’s never a boring day in the cryptocurrency field. Yesterday, the entire community was ecstatic as Bitcoin’s price made a run for the 2019 highs. Unfortunately, it came inches away from it and started to retrace. Today, the total cryptocurrency market capitalization is down about $15 billion since its most recent peak hours ago. Bitcoin […]

Bitcoin and Ethereum HODLers Step in to Save Market

Bitcoin and Ethereum HODLers Step in to Save Market

Market leaders Bitcoin and Ethereum are setting the stage for a comeback as data indicates that investors are accumulating BTC and ETH. Clear Trend Ahead? The balance of BTC on centralized exchanges has been in a consistent downtrend since the March selloff. While it was expected that BTC’s move above $11,000 would entice investors to take profits, […]

UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers

UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers

Revolut customers in 49 U.S. states can now buy, hold and sell bitcoin (BTC) and ether (ETH) on the digital bank’s crypto platform. The British fintech firm entered the U.S. in March and waited until it had already established its core products in the country before launching bitcoin services as well, said Revolut crypto chief Edward Cooper. Revolut gained the regulatory […]

Nearly $60M in Bitcoin Moved to Ethereum in June

Nearly $60M in Bitcoin Moved to Ethereum in June

Nearly $60 million worth of bitcoins moved to Ethereum during June, according to data estimates from Dune Analytics. Wrapped Bitcoin, the oldest tokenized bitcoin protocol on Ethereum, is responsible for roughly 75% of that growth after moving more than 4,800 BTC to Ethereum last month. Demand has increased for using bitcoin in a variety of decentralized financial services as Ethereum […]

Ethereum Has Become Bitcoin’s Top Off-Chain Destination

Ethereum Has Become Bitcoin’s Top Off-Chain Destination

Since 2016, software engineers have worked to extend the oldest and largest cryptocurrency’s use cases through a variety of companion protocols, like the Lightning Network for payments or the Liquid Network for trading. But to date, the most popular off-chain protocols that use bitcoin (the currency, with a small “b”) run on the largest rival to Bitcoin (the […]

Tokensoft Distributes $4M in Equity to Investors Using Ethereum Blockchain

Tokensoft Distributes $4M in Equity to Investors Using Ethereum Blockchain

Tokensoft, a digital securities platform for enterprises and financial institutions, has used blockchain tech to distribute equity to investors in a $4 million funding round. The seed round, which commenced in July 2018, was co-led by Base10 and e.ventures, with Coinbase Ventures and Fidelity-affiliate Avon Ventures also participating. The investors receive a digital representation of […]

Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins

Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins

Major cryptoasset exchange Coinbase claims that although most of its users initially favor bitcoin (BTC), the vast majority also go on to trade altcoins and other digital assets. In a blog post, the platform claimed, “Among customers with at least five purchases, 60% start with bitcoin but just 24% stick exclusively to BTC.” It means that 60% of BTC […]

Crypto Market Sentiment Ends Its Winning Streak; Bitcoin Back to Neutral

Crypto Market Sentiment Ends Its Winning Streak; Bitcoin Back to Neutral

The market sentiment cut its string of gradual, week-per-week growth. After four weeks of minor upward movements, and last week’s break into the 5-6 score level with a sentscore of 5.27, this Monday the combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins dropped slightly to 5.2/10, as measured by crypto market sentiment […]