Ethereum ‘final dip’ to $2.5K likely before ETH treks to new all-time high — Analyst

More and more people are buying Bitcoin (BTC) since the 2020 coronavirus crash — and it doesn’t matter how rich they are, data shows.Part of a series of bullish charts circulating this week, statistician Willy Woo highlighted the growth in both high and low-value wallets.Woo: BTC whales putting money where their mouth isAccording to the…

Billions of dollars have been poured into Meta’s virtual world with little return on investment, but CEO Mark Zuckerberg says he is holding fast. 713 Total views 19 Total shares Meta CEO Mark Zuckerberg is still hopeful about the company’s Metaverse plans regardless of the billions of dollars it’s sucking up from the company, claiming…

Simplex is a fiat-to-crypto onramp that has scored several high-profile partnerships in recent months. 3241 Total views 19 Total shares Canadian payments giant Nuvei is reportedly in talks to acquire Simplex, an Israeli cryptocurrency startup, for up to $250 million – sending a strong signal that the electronic payments processing industry was pivoting towards digital…

Naspers, the largest shareholder of Chinese Internet giant Tencent, participated in a $15 million investment in blockchain game developer Immutable. Key investorsImmutable, a Sydney-based blockchain gaming startup, completed a new funding round led by Naspers and Mike Novogratz's crypto investment bank Galaxy Digital, the company announced in a blog post on Sept. 23.As reported by the…

The number of millionaires wanting to buy cryptocurrencies is on the rise, with a new survey indicating that 73% want to own digital assets before the end of 2022. 1137 Total views 1 Total shares A survey of more than 700 high net worth individuals, or HNWs, has found that almost three-quarters of millionaire respondents…

The CEO of a crypto firm that recently settled with the SEC over its 2017 ICO is suing T-Mobile over a series of SIM-swaps that resulted in the loss of $8.7 million worth of crypto. Reggie Middleton, the chief executive of crypto company Veritaseum, is suing telecommunications provider T-Mobile for allegedly enabling the theft of…

Given Ethereum’s dominance coupled with the current crypto bear market, it remains questionable if L1s will flourish. This was recently highlighted in a Chainalsys blog post entitled “New layer 1 blockchains are expanding the DeFi ecosystem, but no ETH killers yet.” Ethan McMahon, an economist at Chainalysis, told Cointelegraph that Chainalysis published this report to…

Bitcoin Depot's Brandon Mintz says blockchain can help find a cure for COVID-19 which will play a big role in the technology’s adoption. 1591 Total views 15 Total shares The blockchain community is playing a significant role in helping to develop pharmaceutical drugs to combat COVID-19, as blockchain can bring immense computational power to confirm…