In the first quarter of 2021, the Ethereum network settled a whopping $1.5 trillion in transactions. Ryan Watkins of Messari Research shared the milestone on Twitter. Ethereum settled $1.5 trillion in transactions in Q1 2021. That’s more than it’s previous 7 quarters combined. pic.twitter.com/
Binance Smart Chain is reaping the benefits of Ethereum’s rising transaction costs. The network is quickly becoming a preferred choice by developers, thanks to its versatility, fast transaction speed, and low transaction costs. As of April 22, 2021, Binance Smart Chain (BSC) had surpassed Ethereum’s daily transactions by
Whilst the price of Bitcoin is plummeting, with experts speculating that Joe Biden's new tax laws could be the driving force, it is quite stunning to ferret out that Africans are jumping on the Bitcoin trend massively. BTC Peers, today, will highlight the prime movers of this adoption
Earlier this week, Canadian regulators approved three Ethereum exchange-traded funds (ETFs), and these products are already off with an explosive start. Just a few days after launch, the three Canadian ETFs have seen recorded more than $138 million in trading volume. The three ETFs by Purpose Investment, CI Global Asset
President Joe Biden’s recent capital gains tax hike may well be the reason for the drop in the price of Bitcoin and altcoins. This hike seems to be giving investors a jittery feel about these virtual assets, thus, causing the price of the premier coin to drop below the
Dr. Craig Wright, an Australian-born businessman and computer scientist this week makes headlines after claiming he created Bitcoin. Aged 50, the Australian-born claims he's the anonymous creator of Bitcoin, Satoshi Nakamoto. According to him, he used a pseudonym to create and publish the document; “Bitcoin; A P2P Electronic
Raoul Pal, a former executive of Goldman Sachs expressed his bullish sentiments about Ethereum on Wednesday. He ended his argument by stating that “ETH is the better asset allocation for performance right now.” Pal an important influencer in the cryptocurrency space. He was once time an executive at Goldman Sachs,
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Binance, the world’s largest cryptocurrency exchange, is reportedly under regulatory scrutiny for its stock token listing launched last week. According to a report from the Financial Times (FT) on Thursday, European officials, including the Financial Conduct Authority (FCA) have Binance under their lens. They are trying to determine whether
For the first time since 2018, Bitcoin's dominance over the crypto market is below the 50% mark after Ethereum, its foremost rival records a new all-time high (ATH). Currently at 49.52% at the time of publication, this loss is coming at a time when Ether, the native
The narrative that high gas fees are making Ethereum impractical to use is not new. Traders are being forced to look for alternatives in blockchains such as Binance Smart Chain. However, Ethereum’s inherent limitations do not mean it can be easily toppled, at least, not according to Weiss Crypto
It’s probably just another day in the crypto Wild West as the CEO of Thodex, a Turkish crypto exchange, allegedly carted away with up to $2 billion in customers’ funds. According to a Bloomberg report, the Turkey-based crypto exchange halted trading activities yesterday, citing an “unspecified partnership transaction.” Nearly
The total value of Ethereum in the ETH 2.0 staking contract has surpassed $10 billion following the digital asset’s rally to a new all-time high. According to data on Eth2 Launchpad, the Ethereum Foundation’s way to stake tokens into the official deposit contract, the number of Ethereum
One of the popular faces of Ethereum, Hudson Jameson, is finally stepping down from his role unofficial role of communicator-in-chief of the Ethereum foundation. Jameson is a software developer and engineer who joined the Ethereum Foundation in June 2016. Back then, the now second-largest cryptocurrency was worth under $20 per
Bitcoin price has been down in the last few days with the premier coin hitting the $52,000 mark in the early hours of today, a 15% fall in price from last week. With Bitcoin holding a staggering 51% dominance of the crypto market, this recent drop in price may
Huobi Asset Management, an affiliate of leading crypto exchange, Huobi, has just launched four asset funds for institutional investors in Hong Kong. The affiliate is one of the leading Bitcoin companies in China seeking to lure deep-pocketed investors by taking advantage of the alluring and favorable crypto laws in Singapore
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The United States GSA (General Service Administration) is on the headlines this week after announcing it will auction about $500,000 worth of Bitcoin on Friday, April 23, 2021. GSA is the United States agency tasked with the responsibility of managing properties and buildings. Through what it refers to as