Showing news for Ethereum
Divide Emerges Between Retail, Pros on How to Play Ether Upgrade
2 years ago
(Bloomberg) -- The crypto world has been abuzz about Ethereum’s upcoming software upgrade. Yet there’s a divide in terms of how to position for the so-called Merge: retail investors have been selling the underlying token, while institutions continue to buy.
Ether Reaches Two-Month High as Software Update Test Conducted
2 years ago
Ether hit a more than two-month high as the planned software upgrade to the Ethereum blockchain underwent a major test, potentially paving the way for one of the most significant changes in the cryptocurrency sector.
Bitcoin and Ether Are on Track for Their Best Month Since 2021
2 years ago
Bitcoin and Ether, the world’s two largest digital tokens, are headed toward their best months since 2021 amid a revival of risk appetite in global markets and optimism about an Ethereum network upgrade.
Triple-Digit Rewards of Staking Offer Crypto Winter Respite
3 years ago
The recent guidance provided by the U.S. Treasury Department on transaction reporting by crypto companies is shining some light on staking -- one of the least understood but hottest corners of the digital-asset world.
Uber CEO Says App Will Eventually Accept Crypto as Payment
3 years ago
Uber Technologies Inc. will one day join the likes of Microsoft Corp. by accepting Bitcoin as a payment option on its app.
Cash-Loving Japan Could Warm Up to Crypto
3 years ago
Inflation is too tame for the society to rush into a gold-backed stablecoin. A bank deposit-linked token holds more promise.
KPMG Canada Adds Bitcoin, Ethereum to Corporate Balance Sheet
3 years ago
(Bloomberg) -- KPMG in Canada said it added Bitcoin and Ethereum to its corporate treasury as part of a commitment to emerging technologies and asset classes, becoming one of the highest profile mainstream firms to invest in cryptocurrencies.
Sequoia-Led Group Buys Polygon’s Crypto Token for $450 Million
3 years ago
(Bloomberg) -- Polygon, the operator of an eponymous protocol used by developers to make Ethereum transactions quicker and cheaper, raised $450 million by selling its Matic crypto token to investors led by Sequoia Capital India.
Bitcoin, Ether Advance as Amazon Share Surge Buoys Tech Stocks
3 years ago
The top cryptocurrencies gained on Friday as strong earnings from Amazon.com Inc. bolstered confidence in technology stocks, which digital tokens have largely tracked over the past months.
Ether’s Correlation With Stocks Reaches a Record High
3 years ago
Ether, the second-largest cryptocurrency, is now moving in tandem with U.S. stocks like never before. A 40-day correlation coefficient for the token and the S&P 500 has topped 0.65, with 1 being the highest possible reading. Bitcoin’s correlation with equities similarly reached a record in recent days, suggesting the digital assets could rally alongside any upturn in shares.
An Early Ethereum Backer Is Targeting Asia’s Biggest Crypto Venture Fund
3 years ago
In 2015, as Vitalik Buterin was scrambling to raise money for a blockchain he’d created called Ethereum, he traveled to Shanghai to meet a group of Chinese crypto enthusiasts.
Bitcoin, Ether, Memecoins Steady After Tumbling in Crypto Rout
3 years ago
The selling pressure in the global crypto market eased Monday after massive declines across digital tokens last week.
NYC Mayor Eric Adams to Get His First Paycheck in Bitcoin and Ethereum
3 years ago
New York City Mayor Eric Adams said his first paycheck -- which arrives on Friday -- will be converted into Ethereum and Bitcoin.
Ethereum Tests $3,000 as Diminished Risk Appetite Hits Highfliers
3 years ago
Ethereum is starting to test the closely watched $3,000 price threshold as the broader drop in risk appetite in some of the more speculative areas of markets continues to weigh on some of last year’s best performing assets.
NFT Market Surpassed $40 Billion in 2021, New Estimate Shows
3 years ago
Nearly $41 billion worth of cryptocurrency was sent to two types of Ethereum smart contracts associated with NFT marketplaces and collections from the beginning of 2021 through mid-December, according to a new estimate from blockchain analytics firm Chainalysis Inc.
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