Why is Ethereum losing market share to Bitcoin?

August 8, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Ethereum’s underperformance against Bitcoin is largely due to competition from Solana and the weaker-than-anticipated debut of its spot ETFs.

The CEO of cryptocurrency exchange Binance has vowed to sue industry media outlet The Block over alleged false reporting.In an ongoing Twitter exchange on Nov. 22, Changpeng Zhao, known as CZ in crypto circles, promised to take legal action over an article that claimed Binance’s Shanghai office was receiving attention from Chinese police.CZ to The…

Tron copies XRP with 70% 'god candle' to all-time highs — What’s next for TRX price?

Tron "god candle" appears as TRX price soars 70% in 24 hours to hit a new all-time high of $0.45 and re-enter the top 10 cryptocurrencies.

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Fed’s ‘sugar high’ may propel Bitcoin surge: Arthur Hayes

Arthur Hayes connects Federal Reserve actions to a short-lived economic boost with ripple effects on Bitcoin and broader crypto markets, underscoring risks from yen carry trade unwinds.

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Metaplanet buys another $1.2M of Bitcoin amid rebound toward $65K

Metaplanet’s share price spiked 22% in the first 30-minutes on the Tokyo Stock Exchange following the news on July 16.

Ethereum Developers Reveal Holdup With Serenity in Reddit AMA

The development team behind Ethereum 2.0 held an Ask Me Anything (AMA) session on Feb. 5. The team answered some of the most pressing questions on Serenity, in addition to general themes such as Proof of Stake (PoS).There have been two other such sessions, six months and one year ago, respectively. While no groundbreaking changes…

Indian Police Can’t Move Seized Crypto Due to India’s Anti-Crypto Law

The police of Pune, a city in the western Indian state of Maharashtra, have sought a court's directive to transfer 85 million Rupees seized from a Bitcoin (BTC) ponzi scheme last year.$1.2 million frozen In an Oct. 3 article by the Times of India, Pune cyber police explained that the value of 244 cryptocurrency units (worth…

DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

An apparent security flaw in the Grim Finance protocol allowed the attacker to fake five additional deposits. 1005 Total views 19 Total shares The decentralized finance (DeFi) protocol Grim Finance reported $30 million in losses due to a reentrancy exploit of the platform’s deposits.Grim Finance officially announced on Dec. 18 that an “external attacker” had exploited…

Ethereum founder speaks against transferable governance, community responds

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StanChart’s Singapore Unit Completes First Blockchain-Powered Trade Finance Deal

The Singapore unit of London-headquartered multinational banking and financial services firm Standard Chartered has completed its first blockchain-powered trade finance deal. The news was reported by Singapore’s English-language financial daily The Business Times on Jan. 24.The bank reported that the blockchain solution — developed by blockchain startup Distributed Ledger Technologies — had enabled an agri-business…

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