Ethereum L2 Movement Labs raises $38M for Move-EVM adoption
Through Facebook’s Move-based Ethereum virtual machines, Movement Labs aims to enhance smart contract security and transaction throughput within the Ethereum ecosystem.
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Ethereum gas fees reach $500K as ETH price hits a 2020-high at $486
Transaction fees on the Ethereum network have recently reached a new hourly record. According to Glassnode, an on-chain analytics firm, miners on the network earned over $500,000 in just one hour today as Ether (ETH) rallied. Currently sitting at its 2020-high of $486, Ether rallied 10% today. The spike in network activity is thought to be…
Bitcoin briefly loses its spot as top cryptocurrency — Wait, what?
Bitcoin's twin took over the number-one spot on CoinMarketCap. 4492 Total views 9 Total shares Bitcoin's market capitalization was briefly flippened today as Wrapped Bitcoin suddenly gained quadrillions of dollars in value. But crypto aficionados and maximalists need not worry: The move was a glitch on CoinMarketCap, which briefly displayed Wrapped Bitcoin (WBTC) as worth…
Spanish La Liga Club Atlético Madrid Is Launching a Fan Token
Spanish soccer team Atlético de Madrid — which plays in the top professional division of Spain’s soccer league, known as La Liga — is partnering with blockchain platform Socios.com to launch a fan token ecosystem. The news was revealed in a press release shared with Cointelegraph on Sept. 6.Atlético’s fan tokenAs previously reported, Socios has described…
Bitcoin targets $51K ‘final resistance’ as ETH nears $4K for the first time since May
It’s all systems go for cracking “final hurdle” resistance for both Bitcoin and Ether as the weekend nears. 591 Total views 26 Total shares Bitcoin (BTC) passed $50,500 later on Friday as a return to the $50,000 mark put bulls firmly back on the scene.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin lines up a $51,000…
US Lawmaker Reintroduces ‘Safe Harbor’ Crypto Tax Bill in Congress
United States Congressman Tom Emmer has reintroduced his Safe Harbor for Taxpayers with Forked Assets bill, according to a press release published July 9.The reintroduced version of the bill appears to have been published on July 3, based on the date printed within the document.Emmer initially announced plans for the Forked Assets bill in 2018…
Retail traders buying more Bitcoin than institutions: JPMorgan
Retail traders have been buying large amounts of BTC through PayPal and Square. 1635 Total views 17 Total shares According to research by strategists at leading U.S investment bank, JPMorgan Chase, retail traders are flocking to buy Bitcoin from mainstream fintech firms.JPMorgan’s data suggests that retail investors have purchased more than 187,000 Bitcoin this quarter…
Coinbase to increase transparency on potential 2022 listings
The exchange issued the names of 50 projects that could possibly be listed in the second quarter of 2022 as a way of adding information symmetry to crypto markets. 1068 Total views 5 Total shares America’s largest crypto exchange, Coinbase, announced a long list of tokens it could potentially list in the second quarter of…
Telegram founder Pavel Durov arrested — What we know so far
Telegram founder Pavel Durov was arrested in France on Aug. 24. Here’s what we know so far and how prominent figures have reacted.