Ethereum News

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 944 ngày trước

Nearly One Million ETH Burned in Ethereum's Merge Milestone Celebration

In a celebration of Ethereum's one-year anniversary since implementing the Merge upgrade, Binance highlights significant milestones. The transition to proof-of-stake (PoS) from proof-of-work (PoW) has resulted in the burning of nearly one million ETH, reducing the supply and making Ethereum deflationary. Over 22% of ETH is now staked, and gas fees remain stable. The PoS mechanism has reduced Ethereum's energy consumption by 99.99%. With 362,000 new validators added, Ethereum continues to evolve as the largest smart contract network, marking a greener and more sustainable future.

U.Today - 947 ngày trước

Ethereum's Daily Active Addresses Soar, Signaling Potential Recovery

Ethereum's on-chain activity has surged, with daily active addresses reaching around 1,089,893 on September 13, the second-highest ever recorded. This spike suggests growing demand for ETH, even amid recent market volatility that pushed its price below $1,700. Ethereum remains attractive to institutional investors, with increasing interest in spot exchange-traded funds. Despite potential short-term challenges, Ethereum's strong fundamentals, liquidity, and central role in blockchain networks position it favorably for the future, although it may continue to face pressure linked to Bitcoin's market trends.

cointelegraph - 949 ngày trước

Revolut, the Fintech Behemoth, Embraces SegWit Wallet Integration to Revolutionize Bitcoin Transactions

Fintech giant Revolut, boasting 15 million users, has ventured deeper into the cryptocurrency landscape by incorporating Segregated Witness (SegWit) addresses for bitcoin transactions. This move has garnered enthusiasm from its vast user base, streamlining Bitcoin transactions for efficiency. The integration offers reduced fees and quicker confirmations. Revolut's commitment to enhancing the crypto experience extends to on-chain withdrawals and receipts, reflecting its dedication to advancing cryptocurrency use. This development coincides with growing global crypto prominence, positioning Revolut as a pioneer in innovative crypto services.

cryptonomist - 957 ngày trước

$10 Trillion Asset Manager BlackRock Dominates Ownership in Four of Top Five Bitcoin Mining Companies

Global investment powerhouse BlackRock is strategically venturing into the Bitcoin mining sector. The company has emerged as the second-largest stakeholder in four of the top five Bitcoin miners by marketcap. As the Bitcoin mining industry grapples with rising difficulty and costs, smaller miners face profitability hurdles. This adversity, however, presents an opportunity for well-capitalized firms like BlackRock. Recent data reveals that BlackRock Fund Advisors significantly increased their holdings in major US-based mining firms, including Riot Platforms, Marathon Digital Holdings, Cipher Mining, and Terawulf. The move signifies BlackRock's interest in the crypto mining landscape.

Finbold - 965 ngày trước

Western Union Embraces Ripple's Blockchain Technology and XRP Token for Improved Financial Transactions

Global money transfer leader Western Union has made a bold move into the world of cryptocurrencies, revealing plans to integrate Ripple's blockchain tech and XRP token. This strategic shift, led by CEO Hikmet Ersek, showcases Western Union's commitment to innovation. The collaboration is part of the broader trend of financial institutions using Ripple's solutions to optimize cross-border payments, with XRP's utility as a bridge asset gaining investor interest. XRP's value has seen a notable surge, driven by positive news, partnerships, and growing demand, reminiscent of its 2018 peak.

Bitcoinist.com - 967 ngày trước

Ethereum Demand Gains Momentum Despite Crypto Market Uncertainty, Fueled by Staking

Despite recent crypto market turbulence, Ethereum displays resilience and heightened demand. The introduction of the Shanghai-Capella fork in April has boosted ETH demand, contrary to concerns. On-chain metrics show a 5.7% month-over-month rise in Total Value Staked, increasing from 26.3 million to 27.8 million ether. Experts interpret this as a positive sentiment indicator and a strategic grasp of ETH's intrinsic value. The Exchange Supply Ratio hits a five-year low, indicating growing confidence in ETH's potential. Ether's value, although affected by market shifts, is considered undervalued. Increased staking and decreased exchange holdings illustrate long-term conviction in Ethereum.

Blockworks - 969 ngày trước

Barstool Sports Founder, Dave Portnoy, Strongly Considering Bitcoin Integration in Company's Finances

Dave Portnoy, founder of Barstool Sports, expresses interest in incorporating Bitcoin into the company's finances. Portnoy, who regained ownership of Barstool after a complex financial saga, discusses his prior attempts to persuade the CEO of Penn Entertainment, Barstool's former owner, to integrate Bitcoin. He sees potential for the cryptocurrency on Barstool's balance sheet, following his decision to break free from Penn's regulatory constraints. Despite past controversies involving other cryptocurrencies like SafeMoon, Portnoy remains optimistic about Bitcoin's role in Barstool's future operations.

BeInCrypto - 971 ngày trước

Silent for 8 Years, Pre-Mined Ethereum Investor Stirs Awake

Whale Alert, a leading blockchain tracker, has revealed the revival of an inactive pre-mined Ethereum address after 8.1 years, igniting curiosity in the crypto community. The address, housing 191 Ethereum tokens worth $317,724, has resurfaced, echoing a similar event three weeks ago. A silent Ethereum ICO participant also transferred 641 ETH, valued at $1.07 million, after an eight-year hiatus. Amid divided opinions, experts suggest the reawakenings might signal a bearish market trend, supported by historical data. As the awakened whale influences the market, anticipations rise for potential fluctuations and their implications on crypto dynamics.

U.Today - 973 ngày trước

Dubai Aims to Attract Global Talent and Investment with Subsidized Licenses for Web3 and AI Companies

The Dubai International Financial Centre (DIFC) has introduced special commercial licenses for Web3 and AI companies, providing 90% cost subsidy to aid their initial setup. The licenses grant access to physical spaces in the Innovation One building. Over 25,000 professionals from 2,000 registered companies operate within DIFC, a significant financial center for the Middle East, South Asia, and Africa. The move aims to bolster Dubai's Web3 and AI leadership. Exclusive to specific tech fields, the initiative seeks to attract global talent and investments, fostering collaboration and innovation.

Bitcoin News - 975 ngày trước

Bloomberg Report: U.S. Authorities to Sanction Ethereum Futures Exchange-Traded Funds

US regulators are set to approve Ethereum (ETH) futures Exchange-Traded Funds (ETFs), according to Bloomberg. Numerous companies have sought permission to list these ETFs, which will include derivative contracts linked to ETH, rather than the cryptocurrency itself. The potential approval from the US Securities and Exchange Commission (SEC) is eagerly anticipated. Currently, crypto derivative ETFs for Bitcoin futures are operational. The decision also raises expectations about the approval of ETFs directly holding Bitcoin, not just derivatives, with major financial players such as BlackRock vying to establish such offerings.

coindesk - 976 ngày trước

Ethereum Addresses Holding ETH Reach Historic 100 Million Milestone

According to Glassnode, the number of Ethereum addresses holding any amount of ETH (even the smallest fraction known as wei) has doubled since 2021, reaching a record high of 104,076,868. This surge in addresses comes despite Ethereum's recent price consolidation at around $1,830. In comparison, there were only about 20 million such addresses in 2019 and 50 million at the beginning of 2021. Additionally, Glassnode reported that over 4.3 million ETH has remained inactive for seven to ten years, while Bitcoin's dormant supply has also increased to nearly 30% of its total.

CryptoPotato - 985 ngày trước

Long-Dormant Ethereum ICO Participant Transfers $116M in ETH to Kraken

A dormant wallet containing $116 million worth of Ethereum was recently transferred to the Kraken crypto exchange. The wallet had been inactive for eight years since its participation in Ethereum's initial coin offering (ICO) in 2014. During the ICO, the Ethereum Foundation raised $18.3 million by issuing 60 million ETH tokens to early investors. This successful ICO paved the way for other projects to raise funds through token sales. The recent transaction, which incurred a fee of 0.00168 ETH ($3.21), included a test transaction to ensure accuracy. The identity and motive of the wallet owner remain unknown.

Decrypt - 1005 ngày trước

Macro Expert Raoul Pal Expects Ethereum to Break Records This Year, Boosted by Dollar's Weakness

Real Vision CEO Raoul Pal believes Ethereum (ETH), a smart contract platform, will reach new record highs by the end of the year. He predicts that the Nasdaq-100 Index (NDX) will also achieve new all-time highs in the next five months, and Ethereum will follow suit. Pal attributes the NDX's strong performance to trends such as artificial intelligence (AI) and a weakening US dollar. Additionally, he expects the US dollar index (DXY) to break its support at 100, which could benefit risk-on assets su