‘ethburned.info’ Report Shows More Than 200,000 Ethereum Burned by EIP-1559
The Ethereum blockchain is burning up According to the latest available data, the amount of Ethereum destroyed by EIP-1559, a recently deployed update that burns transaction fees that were previously paid to miners, has topped 200,000 ETH (equivalent to around $675 million at the prices at which it was burned). According to ethburned.info, a total […]
Filecoin is up 14% despite market stagnation
Filecoin is one of the few top coins that is now on the rise. The cryptocurrency Filecoin (FIL) is on the rise. Coin, which is used to power a decentralized storage network, has seen its value rise by 14 percent in the last day and 28 percent in the last week, according to CoinMarketCap. The […]
Mike McGlone says Bitcoin is a global reserve asset on its way to $100K
The digital assets market, which is dominated by Bitcoin and Ethereum, is expected to reach new highs following a major correction, according to an updated report from Bloomberg. Billion-dollar Bitcoin (BTC) is still on the table, according to Bloomberg’s senior commodity strategist Mike McGlone, who believes that the first-born cryptocurrency is well positioned to replace […]
Solana CEO Explains Why We’re Not in a Crypto Bubble
“We’re maybe at the phase where email started working on the internet” Yakovenko remarked, comparing the crypto adoption curve to earlier technologies. Cryptocurrency prices, from Bitcoin to BNB, are rising again. The market capitalization of cryptocurrency has grown from $1.2 trillion on July 19 to $2.4 trillion today. Solana, an Ethereum competitor chain that offers […]
Banks vs. exchanges: Regulators disproportionately sanction fiat, not crypto
According to a recent study, authorities’ actions against cryptocurrency companies have cost them less than 1% of the total cost of traditional financing over the last two decades. In spite of the fact that authorities have frequently targeted projects both inside and outside of the cryptocurrency field, the fines assessed against digital asset exchanges are […]