Surprise ETH price drop below $2.5K raises questions about Ethereum fundamentals

Morgan Creek Digital’s Jason Williams prefers to sell his old cars for crypto instead of cash. 1204 Total views 2 Total shares As Bitcoin (BTC) momentum continues to grow, some people seem to prefer selling their belongings for cryptocurrency instead of fiat money.Jason Williams, a co-founder of Morgan Creek Digital, a dedicated digital asset investment…

Chinese Bitcoin (BTC) miners are now responsible for controlling as much as 66% of global hash rate, a new report claims.China’s Sichuan province is accounting for over half the global hash rate, according to a study by London-based digital asset manager CoinShares, Reuters reports Dec. 11.Hash rate is a measure referring to the overall computing…

Bitwise has launched a new ETF offering exposure to the top publicly-listed firms operating in the blockchain and crypto industries. 7085 Total views 13 Total shares Bitwise Asset Management has announced the launch of its Crypto Industry Innovators exchange-traded fund, or ETF.Unlike the numerous proposals for Bitcoin and cryptocurrency ETFs offering direct exposure to digital…

Popular trading platform Robinhood is creating a non-custodial crypto wallet that will be compatible with multiple blockchains.The wallet will be a standalone application with the ability to store nonfungible tokens (NFTs) and connect to NFT marketplaces. A promo video released for the wallet shows a demonstration using Ethereum (ETH) based NFTs. Trade and swap crypto…

Japanese cryptocurrency exchange Taotao will launch its trading service on May 30, Cointelegraph Japan reported Monday, quoting a social media update.Taotao, which is 40% owned by internet giant Yahoo! Japan’s YJFX, will initially offer trading in bitcoin (BTC) and ether (ETH).Margin trading will also be available in litecoin (LTC), XRP and bitcoin cash (BCH) in…

“Terra is excited to expand our growing portfolio of DeFi products to multiple chains and working with Harmony to bring UST and Anchor to another growing ecosystem,” said Do Kwon, co-founder and CEO of Terra. 520 Total views 7 Total shares Terra, an algorithmic stablecoin platform for savings, investments and payments, is joining forces with…

Three months after the Supreme Court ruling to lift the banking ban, India’s Ministry of Finance has proposed to ban cryptocurrencies by law. 1724 Total views 53 Total shares The Indian Ministry of Finance has proposed to legally ban cryptocurrencies within the subcontinent. With this, the Indian crypto community is met with yet another unexpected…

Korea's Financial Intelligence Unit is cracking down on foreign-based cryptocurrency exchanges that are yet to register with relevant authorities in the country. 169 Total views 57 Total shares Unregistered cryptocurrency exchanges operating in South Korea could see their services grind to a halt as the Korea Financial Intelligence Unit (FIU) takes action against 16 foreign-based…

The Ethereum Foundation is looking to hire a dedicated security team to dissect all aspects of Ethereum 2.0. The Ethereum Foundation will be building a dedicated security team for Ethereum 2.0 to study any potential cybersecurity and crypto-economic issues in the next generation of the Ethereum network.Justin Drake, an Eth 2.0 researcher at the foundation,…