Since the all-time highs that were seen at the start of 2018, the price of Ethereum has collapsed dramatically. From the $1,430 highs, the asset is now down approximately 85%, trading at $240 as of the time of this article’s writing.Despite the utter collapse in the market, the underlying network has seen dramatic growth. Data…
Another week, another round of Crypto Tidbits.The past seven days have been volatile days for Bitcoin and other cryptocurrencies. The cryptocurrency on June 1st rallied past $10,000 for the first time in many weeks, reaching as high as $10,400.It was an explosive move that had many expecting more upside. One Wall Street analyst went as…
Ethereum’s budding decentralized finance (DeFi) ecosystem took a heavy beating after the March capitulation crash.As I detailed in an analysis for LongHash, what happened was that MakerDAO became unstable due to what some say is an erosion in trust in the protocol. Ethereum investor Parafi Capital wrote in a blog post:“We believe this lack of…
Crypto assets and blockchains have long had ambiguous use cases.Some say that this industry is good for replacing traditional institutions like governments and financial service providers. Others say that blockchain’s sole purpose is to boost the efficiency of modern corporations that may need to accelerate their supply chains or otherwise.Unfortunately for cryptocurrency bulls, many of…
Another week, another round of Crypto Tidbits.It’s been a positive past week for the Bitcoin market.After falling as low as $8,600, the flagship crypto mounted a strong comeback over the past few days that say BTC hit $9,650. This is the highest price the asset has traded in just over eight days.Interestingly, altcoins began to deviate…
Ethereum is getting closer to being flipped on its own blockchain, as other ERC-20 tokens now make up almost half of the total value stored on the network. However, the latest research from Messari Crypto suggests that while stablecoins have seen significant growth in the past few years, ETH still retains its privileged position on…
Gemini, the crypto asset exchange founded by the Winklevoss Twins, has become the first exchange to partner with Samsung, the companies announced on Thursday. Samsung will be integrating Gemini in the Samsung Blockchain Wallet, allowing users to transfer their holdings from gemini into self-custody.Gemini Announces Collaboration With Samsung Blockchain WalletWhen Samsung revealed that its newest…
According to the latest report from DevQuarterly, blockchain developers overall earn much less than developers working on mobile apps, websites, and custom software, as well as data scientists.There is also significantly fewer developers working on blockchain technology, indicating that the industry is still in its infancy.Analyzing the Developer MarketWhile the blockchain industry has grown significantly…
Korea’s Ministry of Science and ICT is set to decide whether or not to proceed with a huge blockchain development project at the end of the month. The fund is set to invest 480 billion won, or around $388 million, in the development of the technology in the next 5 years.$380M Fund Waiting For a…
Another week, another round of Crypto Tidbits. Bitcoin has been one of the best-performing assets in financial markets over the past week, managing to rally as high as $9,500 — over 25% higher where it started this week. Altcoins, interestingly, have underperformed the market leader, with Ethereum and XRP both gaining around 10% over the past…