Tag: ethereum

23 maja, 2022 Wyłączone

Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech

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Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup TechThis week, the consumer electronics and gaming software retailer, Gamestop, has officially revealed the company’s self-custodial, Web3 ethereum wallet. The wallet is currently in beta form and now available via the firm’s web portal, in order to provide users with a wallet that stores crypto assets and non-fungible tokens (NFTs). Furthermore, the wallet utilizes Loopring’s […]
23 maja, 2022 Wyłączone

Ethereum Price Analysis: Despite the Recent Increase, ETH Is Still At Major Risk

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Early this week, the crypto market turned green. During the last two days, altcoins have outperformed BTC, and this includes ETH. The latter was able to reclaim the $2K mark. However, is the storm over? Technical Analysis Technical Analysis By Grizzly The Daily Chart Ethereum is near a critical support level that might hold up […]
21 maja, 2022 Wyłączone

Why is Ethereum used for NFTs?

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Read this guide to understand the relationship between Ethereum and NFTs, and explore why Ethereum is used for NFTs.

21 maja, 2022 Wyłączone

This is the Level ETH Needs to Reclaim to Turn Back Bullish (Ethereum Price Analysis)

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Ethereum is about to close an eighth consecutive red week. High-risk assets, including stocks and cryptocurrencies, are experiencing a devastating year in 2022. But where is the next significant support for ETH? Technical Analysis Technical Analysis By Grizzly The Daily Chart After Ethereum overcame its key dynamic resistance in March, it raised the possibility of […]
21 maja, 2022 Wyłączone

Ethereum Has Destroyed $8.10 Billion in Ether, ETH Scarcity to Increase After The Merge

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Ethereum Has Destroyed $8.10 Billion in Ether, ETH Scarcity to Increase After The MergeAccording to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the course of nine months and during the last seven days, 18,110 ether worth $34.9 million was destroyed. 2.35 Million Ethereum Burned — Ethereum Dev Says […]
21 maja, 2022 Wyłączone

Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery

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The crypto market is showing signs of recovery, and it seems Cosmos has also been pulled in the same direction with an increase of 12% in the last 24 hours. Cosmos (ATOM), the 27th biggest cryptocurrency, has a total market cap of $3.2 billion. ATOM, the token that fuels the Cosmos blockchain network, has been gaining a lot of traction with an increase of over 12.7% overnight. Currently, ATOM is trading at the price point of $11.45. Suggested Reading | Avalanche Crumbles More Than 16% As Crypto Landslide Continues ATOM Remains In Bear Territory  Even though the charts have been looking bullish, ATOM is still at a bearish stance with trades that plummeted by 74% compared to its all-time high record of $44.70 in September 2021. There has been a noticeable spike in ATOM’s trading volume that is evident in multiple exchanges. The total trading volume is at roughly $327 million in the past 24 hours, which is up by 11% in comparison to the previous day. What Is Cosmos? Cosmos refers to a decentralized network of blockchains that runs using the power of Byzantine Fault Tolerance (BFT) algorithms. More so, Cosmos also enables developers to create and innovate their own blockchains plus allows Blockchains that run on Cosmos to freely interact or engage with one another. Some of the major blockchains that run in the Cosmos are the Terra, Kadena, and Thorchain. Developer Incentives Following Terra’s Demise Injective, a decentralized blockchain that is focused on the development of decentralized Finance (DeFi) applications, has designed a proposal to create incentives for developers who were negatively impacted by the downfall of Terra. Injective is also responsible for the adaptation of the Ethereum compatibility and bringing it to the Cosmos IBC ecosystem which has immensely helped Terra developers to build applications fast with the aid of familiar tools. ATOM total market cap at $3.16 billion on the weekend chart | Source: TradingView.com The Injective proposal was created on May 12 following the downfall of Terra at which developers started to look for opportunities to build projects elsewhere. The proposal was passed with a convincing 99% agreement with the initiative in a matter of four days. The entire injective community was in unison when they decided to redirect the incentives just to make sure that Terra dApps will have enough resources to facilitate a smooth transition into joining Injective. Further, CosmWasm, Injective’s up-and-coming smart contract layer is seen to power up Terra projects to enable speedy onboarding without the need to rewrite codes which could happen if they decided to transfer to other blockchains. Suggested Reading | Ripple (XRP) Struggles To Breach $0.45 Level, Down 16% In Last 7 Days Cosmos Network Performing Well There are nearly 50 tokens and 28 InterBlockchain Communication (IBC)-enabled blockchains that are running in the Cosmos. More so, there are also around 265 services and apps that power up the Cosmos ecosystem comprising wallets, blockchains, and explorers. Kadena TVL was up by 18% or $7.2 million in just 24 hours. TVL of Cronos soared by 2.16% or $2.32 billion in the past 24 hours. Tokens in the cosmos plus DeFi activities have been performing extremely well. Meanwhile, the king of crypto have improved in-market performance. Bitcoin is up by 4% in a matter of 24 hours and is now trading at $30,187. Ethereum has also increased by 4.4% overnight with a current TVL of $2,026. Featured image from Zipmex, chart from TradingView.com