China’s cryptocurrency crackdown leads to a fall in Ethereum Mining Hashrate
The crackdown on cryptocurrency miners by the Chinese government is not only telling on Bitcoin but also has a role to play in the Ethereum mining hash rate. According to data from Etherscan, the Ethereum mining hashrate, which peaked at 643,805.8731 GH/s on May 20, 2021, is rapidly declining. After decreasing by a staggering 21,397.4621 […]
Bitcoin hashrate falls causing Ethereum, BNB, XRP to follow suit
The latest crackdown from China on Bitcoin mining caused the cryptocurrency hashrate to fall and as well affecting Ethereum, BNB and XRP. When major Chinese banks stopped all cryptocurrency-related transactions, the prices of Bitcoin and Ethereum were hit hard. The recent crackdown came weeks after local directives aimed to eliminate mining operations. Bitcoin (BTC) and […]
What you should know about Instadapp token
Instadapp is a token built on the Ethereum blockchain and it is a mission-critical piece of DeFi infrastructure listed on coinmarketcap. Instadapp was created three years ago with the goal of making DeFi more accessible and user-friendly. Since then, Instadapp has become a mission-critical part of the DeFi infrastructure and has achieved the following milestones: […]
Ethereum Faces a Decline Below $2K
Ethereum is still in a bearish zone, with an exchange rate of less than 2,250 USD against the US dollar. There is still a risk that the price of ETH will fall further below 2,000 USD in the short term. ETH started a steady decline from well above 2,400 USD, similar to Bitcoin. The trading […]
Ethereum is better than Bitcoin – Morgan Stanley
Debates about the best and most profitable digital assets continues, with Ethereum and Bitcoin taking the lead. Banking magnate Morgan Stanley backs the leading altcoin Ether. However, Bitcoin zealots still support their “digital gold”, which is still the largest cryptocurrency, and they have set their sights on another large-scale competition. Battles between these two digital […]