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Ethereum Has Burned $100 Million in Fees Since EIP-1559 Took Effect
The London upgrade featured five code changes, but the most discussed was EIP-1559. The "Ethereum Improvement Proposal" altered the transaction fee structure for the network. Instead of fees going directly to the miners that process and validate transactions, a base fee would instead go to the network and promptly be destroyed. Read More
Cardano Price Rallies to 2-Month High as Alonzo Anticipation Builds
ADA's price increased 12% in 24 hours as Charles Hoskinson teased the arrival date for smart contracts.
The Ethereum competitor, which is teasing the introduction of smart contracts, has watched its native coin, ADA, surge in price over 12% in 24 hours to plateau at above $1.65. It hasn't seen such heights since the first week of June.
In an "announcement of the announcement," Cardano founder Charles Hoskinson said today he expects to reveal the date on which smart contracts will be released on the Cardano mainnet. "We'll be able to announce when the Alonzo hard fork is going to happen, and at that point, you'll be able to run smart contracts on Cardano," he told viewers on Periscope. Read More
SEC vs Ripple: Inside the Case That Could Make or Break the Crypto Industry
An investigation into the SEC v Ripple case shows how both parties have a lot to lose.
In a scorching complaint, the Securities and Exchange Commission said that Ripple Labs—which Larsen and Garlinghouse tout as the future of banking—had broken the law by selling unregistered securities. The fallout came quickly. News of the SEC suit torched half of the $28 billion market value of XRP, the cryptocurrency closely tied to Ripple. Crypto exchanges rushed to boot XRP off their platforms. The SEC lawsuit also muddied Ripple’s reputation.
“It was a rough holiday for sure,” says Garlinghouse. “I’ve always viewed myself as one of the good guys in Silicon Valley who does what’s right—only to have the U.S government assert in an inflammatory way you’re playing dirty.” Read More
Creator of World’s Second-Largest Stablecoin Is Pursuing a US Commercial Banking License
Circle, the digital payment company behind the widely-used USDC stablecoin, is announcing its intentions to become a full-reserve national commercial bank.
Jeremy Allaire, co-founder, and CEO of Circle, shares in a blog post his company’s plans to pursue a commercial banking license in the US, along with his perspective on the future for USDC. Read More
Ethereum Market Share of Institutional Investment Products Rapidly Rising: CoinShares
Crypto asset management firm CoinShares says that the market share of Ethereum (ETH) in institutional investment products is growing.
In a new weekly report, CoinShares says that the market share of the leading smart contract platform in investment products has taken a significant leap in the first eight months of this year. Read More
How NFTs Are Disrupting The Future Of Gaming, From Cards To Characters
The gaming industry is set to undergo some significant changes over the coming years. Innovative concepts such as non-fungible tokens and play-to-earn mechanics change the way people approach games and their content. Whether card-based games or in-game characters, the landscape will look very different in a few years. Read More
Who Are They? Where Do They Live? How Do They Make Money?
Do you remember what was happening on the internet at the turn of the century? Cast your mind back to the Dot.Com era when web blogging first became a thing. Initially named Weblog, it was a new avenue for many writers, aspiring or seasoned, that had opened up. The internet was hungry for content, and many who grasped the opportunity could mark their territory, gather a significant audience, and monetize their creative work—a virtual land of opportunity for anyone connected to the internet.
These days, some would argue that the blogging gold rush has all but dried up in terms of monetization or even generating an audience. Given the enormous amount of content accessible today, it would seem much more difficult to reach a level of success as a prominent, self-sustaining writer in any niche.
But the truth is, in today's climate, the art of the wordsmith has never been more critical, particularly in digital business and marketing. The art of writers and content creators puts ideas and information of any business into consumers’ eyes, ears, and hands. Without the nuances of this art, the best products and services won’t stand out, be discovered, or connect with the right customers and clients. Read More
How Metaverse NFT Wearables Are Changing Online Fashion
There is a growing number of NFT collectibles, from digital art that has a corresponding physical piece, to sports trading cards, and even clothing for avatars in games. Metaverse gaming has equally seen a surge in popularity, providing the perfect setting for many NFT enthusiasts to participate in digital worlds. Read More
Chainlink launches data oracles on Arbitrum One's Ethereum scaling solution
Chainlink’s data oracles are now live on Arbitrum One, with the team also planning to soon launch its Proof of Reserve and verifiable random function on the layer two.
The launch will allow developers building on Arbitrum One to access financial market data directly on-chain, providing enhanced functionality to decentralized exchanges, algorithmic stablecoins, and other advanced decentralized finance (DeFi) products on the Arbitrum One network. Read More
Ethereum’s London hard fork sets ETH on a more deflationary path
The London hard fork sets Ethereum up for a new era as ETH price continues to make gains alongside a positive community reaction.
A representative from ConsenSys, a blockchain technology company backing Ethereum’s infrastructure, told Cointelegraph about the enthusiasm of network users when compared to the initial discontent of the miners:
“Users seem much more supportive of the hard fork because this provides them with more predictable gas fees. As of today, 97,5% of clients are ready for the London hard fork. This is why EIP-1559 became mainstream among the community and is the most important proposal approved by the Ethereum community included in the London Hard Fork.” Read More
OpenSea overtakes Uniswap in Ethereum usage
NFT marketplace OpenSea is currently outshining Ethereum’s largest decentralized exchange, Uniswap, in terms of transaction fees.
Since 2020, Uniswap has typically commanded the most in daily transaction fees, a key barometer for actual usage of the world’s second-largest blockchain.
However, the emergence of NFTs earlier in 2021 began to threaten Uniswap’s top spot, with the marketplace platform now firmly ahead in Ethereum usage. Read More
No gear, no problem! 3 ways to earn Bitcoin through cloud mining and staking
Operational costs are high, but Bitcoin miners are making money hand over fist. Here’s how to join them and profit.
Bitcoin mining is one of the few ways that investors can acquire BTC without directly purchasing it from the market, and is quickly becoming an industry dominated by big money interests that can afford the electricity costs and upkeep required to run a mining operation.
Here are some options available for the average crypto stacker to acquire more BTC through cloud mining contracts, crypto lending platforms, and centralized exchanges (CEX). Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
