Too early to say Ethereum L2s are ‘cannibalistic’ to revenue: Sygnum Bank

October 25, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Ethereum daily fees hover between $1 million to $5 million — far less than the $30 million that was consistently reached throughout 2021 and 2022.

“The creator is where the power begins, and that’s where the power should stay", states Run-D.M.C’s Darryl McDaniels. 78 Total views 2 Total shares Cointelegraph’s senior reporter, Rachel Wolfson visited South by Southwest (SXSW) — a ten-day annual technology, film and music festival based in Austin, Texas — to connect with, and interview, a melting…

Tezos Foundation to Issue Grants for Blockchain and Smart Contract Research

The Tezos Foundation has announced it will be issuing financial grants to research institutions for blockchain tech and smart contracts development, according to an official press release published August 9. The Tezos Foundation will provide grants to four research institutions: Cornell University, the University of Beira Interior, the University of Illinois at Urbana-Champaign, and France-IOI,…

Sui is growing due to great developer experience — Router CEO

The SUI token experienced a 115% month-over-month gain in October and continues to appreciate as it emerges as a Solana competitor.

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Fractal Bitcoin: good or bad for mining revenues?

August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated.

Ridesharing App Lyft Partners With Blockchain Startup to Tokenize Healthcare Transport

Ridesharing app Lyft has partnered with blockchain startup Solve.Care to tokenize healthcare-related transport arrangements. The development was announced in a press release from Solve.Care on March 4.Estonia-based Solve.Care is a decentralized, blockchain-powered platform that focuses on enhancing healthcare administration and access to healthcare services for users and insurers.The partnership with Lyft will allow Solve.Care users…

Ethereum derivatives data suggests $1,700 might not remain a resistance level for long

The price of Ether (ETH) rallied 18% between Feb. 13 and Feb. 16 but has since been range trading near the $1,700 level. Despite the recent price improvement, Ether derivatives metrics remain neutral-to-bullish ponder the investors the tighter regulatory environment and the potential impact of Ethereum’s Shanghai upgrade.Investors' biggest concern right now is regulation, especially after…

Solana traders prepare for FTX-induced sell pressure on SOL — Is it premature?

For a long time, Solana (SOL) has been associated with the founder of now insolvent crypto exchange FTX and hedge fund Alameda Research, Sam Bankman Fried. He was an early investor in the project and invested in numerous Solana ecosystem projects during the 2020-2021 bull mania.So when FTX collapsed toward the end of 2022, Solana

Mt. Gox trustee announces approval of rehabilitation plan, meaning creditors could soon receive billions

Nobuaki Kobayashi said distribution of the Mt. Gox assets likely wouldn’t begin for at least a month, once the rehabilitation plan became "final and binding." 2516 Total views 29 Total shares Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin.According to a…

Despite bearish trend, hedge funds are dipping their toes in crypto: PwC

Although traditional fund managers remain hesitant about investing in Bitcoin and Ether, their exposure to digital assets appears to be growing. 279 Total views 18 Total shares Traditional hedge funds are slowly embracing cryptocurrency investments but are keeping their exposure limited as the market continues to mature, according to new research from PricewaterhouseCoopers, or PwC.In…

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