Ethereum’s Crypto Economy Dominance Nears 20% as Ether Prices Rocket to Fresh Highs

The world’s second-leading crypto asset in terms of market valuation, ethereum, has seen significant gains during the last few days. Over the last 24 hours, ether values have jumped over 5% and during the course of the last week, ether has gained 11.8%. The crypto asset’s $417 billion market cap represents 18.9% of the $2.21 … Read more

Bitpay Implements 1inch Network Support — Wallet Users Can Access Defi, Dex Aggregation

On August 31, the Atlanta-based cryptocurrency payments services provider Bitpay announced that the Bitpay wallet has integrated the decentralized exchange (dex) aggregator 1inch Network. Bitpay wallet users can utilize 1inch protocol to swap ether or the myriad of ERC20 tokens. The Bitpay Wallet Supports 1inch Decentralized finance (defi) has grown exponentially according to statistics as … Read more

Blockchain.com CFO Says Company Could IPO in ’18-Months,’ Firm’s Balance Sheet Holds BTC, ETH

This week Blockchain.com CFO Macrina Kgil discussed how the company has surpassed $1 trillion in cryptocurrency transactions and the company may go public with an initial public offering (IPO) in 2023. The cryptocurrency firm is one of the oldest in the industry and Kgil explained that 76 million Blockchain.com wallets have been created since the … Read more

Ethereum Burns $432 Million ETH — Ether Burned Could Buy 2,000 Medium-Sized Homes

Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number of features were added to the ruleset. One of the most anticipated changes was EIP-1559 which makes the crypto asset ether deflationary by burning a fraction of coins. Since August 5, over $432 million worth of ether has been burned, … Read more

Cryptopunks NFT Collection Joins Axie Infinity and Opensea by Hitting $1 Billion in Sales

On Saturday, August 28, the non-fungible token (NFT) project Cryptopunks crossed $1 billion in all-time sales. Cryptopunks joins the heavyweight NFT hitters Axie Infinity’s $1.6 billion and Opensea’s $3.53 billion. Three NFT Projects Have Sold More Than a Billion-Dollars in Sales The non-fungible token project Cryptopunks is now a billion-dollar NFT collection as statistics show … Read more

Budweiser Purchases Rocket NFT — ‘King of Beers’ Buys Beer.eth ENS Name for $96K

A variety of well-known brand names have joined the cryptocurrency space and the budding non-fungible token (NFT) ecosystem. Now the Anheuser-Busch brand Budweiser has jumped into the NFT game by purchasing an NFT on Opensea for 8 ether ($25.7K). Moreover, Budweiser also owns the domain name “beer.eth” after the firm purchased the name for 30 … Read more

Multinational Payments Giant Visa Purchases Cryptopunk NFT for $165K in Ether

One of the world’s most valuable companies in terms of market capitalization, Visa, has revealed it has purchased a non-fungible token (NFT) from the Cryptopunks collection. Visa’s official news-based Twitter account told its 114,000 followers it paid 49.5 ether ($165K) for the Cryptopunk #7610. Visa Is a Believer in Non-Fungible Token Commerce On August 23, … Read more

Crypto Exchange Liquid Hacked, Loses Millions in Various Currencies

Japanese cryptocurrency exchange Liquid is suspending deposits and withdrawals after a security breach resulting in the loss of around an estimated $80 million in digital assets. The platform published the suspected hacker’s addresses and said it’s moving funds to cold storage. Hacker Hits Japanese Crypto Exchange Liquid Asian cryptocurrency exchange Liquid Global has confirmed it … Read more