The demand for the DeFi asset is rising, while the supply is decreasing, according to Bloomberg’s senior commodities analyst Mike McGlone, who suggested that the price of ETH will continue to go up as it is “becoming the internet’s collateral.” Due to the fact that ETH is the ‘denominator’ of non-fungible tokens (NFTs) and a leading network when it comes to the tokenization of assets, McGlone emphasized the importance of Ethereum....

Indeed, the provisional Merge timeline to turn off the Proof-of-Work (PoW) algorithm has been set for the week of September 19, according to the Week in Ethereum News newsletter published on July 16. As a result, Ethereum continued to strengthen on its weekend gains, climbing to $1,480 on July 18, which is a gain of over 28% from its price seven days before, according to CoinMarketCap data. Per crypto analytics platform CryptoRank, the scheduled Merge “led to a spike in the price of Ethereum, and also accelerated the accumulation of tokens on the ETH 2....

Even though the Yuga Labs team stated before the launch that they were taking precautions to “dramatically soften the potential for a massive gas war,” the mint ended up producing the highest gas surge in the history of Ethereum, with daily average gas prices reaching over 800 GWEI over $150 million spent on gas fees during the mint, according to data from Coin Metrics. The frantic drive to mint resulted in a significant number of transactions that did not go through....

Clients will now be able to purchase tyres alongside other related services through Bitcoin (BTC) and Ethereum (ETH), Vaculug said in a press statement published on August 12. Furthermore, the firm stated that it would sign its PPK and PPV fixed price contracts in crypto per kilometre (CPK) and crypto per vehicle (CPV). The service will apply to clients who aim to fix or link their contracts to the price of Bitcoin or Ethereum....

Senior Commodity Strategist at Bloomberg Intelligence, Mike McGlone, seems to follow a similar train of thought as he took to Twitter on October 20 to share his outlook on the equities vs. Bitcoin debate. McGlone argues that Bitcoin is building a base of around $19,000 while the S&P 500 continues to decline in value, posing a question of what will stop the drop in stock prices noting, “Bitcoin at $19,000 Could Gain Upper Hand vs....

Indeed, France’s long-standing regulations in terms of advertising certain products had forced several Formula 1 teams to conceal or remove decals featuring crypto-related branding during the French Grand Prix on July 24, RacingNews365’s Dieter Rencken reported on July 26. Overwhelming presence of crypto ads Among the ten participating teams, all but two are currently in some sort of partnership with crypto players, with certain teams featuring more than one such partner....

2020 has been a year of economic hardship for most as the COVID-19 pandemic ravaged the world and governments were forced to lock down their populations. The current state of the cryptocurrency market paints entirely the opposite picture as digital assets surge to multi-year highs. A few hours ago, Bitcoin prices hit $19,400 according to Tradingview.com. This is just a fraction off the asset’s highest ever price of $20K which came almost three years ago in December 2017....

Indeed, compared to Bitcoin keeping a relatively stable price, the British pound sterling (GBP) recorded the highest volatility growth in September, leading to a dramatic increase in BTC-GBP trading volumes, according to data published by blockchain analytics platform Kaiko on October 24. The weakening of the pound can be attributed to the UK government’s fiscal stimulus initiatives unveiled by the country’s shortest-serving Prime Minister Liz Truss, which triggered a sell-off in British assets and increased Bitcoin’s appeal as a hedge option among investors....

Speaking to CNBC, Kumar stated that the situation could be contained if the rates are raised in March next year, or inflation will pick up significantly, boxing the Fed into a corner. According to Kumar, the Fed missed out on important dates to raise rates, presenting a bigger risk. Furthermore, Kumar faulted the Fed for being sensitive to market sentiments in failing to raise the rates before. He pointed out that although raising rates previously would risk a market correction, it is better compared to when inflation gets out of hand....

The country’s customs agency recently sold 1,889.1 Bitcoins for €46.5 million after a seizure for facilitating the transaction of narcotics and doping substances, ePressi reported on July 21. The sale was reportedly conducted by two crypto brokers contracted by customs officials after a competitive bidding process. It is not yet clear when all the cryptocurrencies were seized. More Bitcoin is yet to be sold Besides the sold Bitcoins, the agency is still in possession of 90 BTC, awaiting a valid judgement of forfeiture....

Mr. Bankman-Fried said in his tweet: The tweet has received over 38,000 likes and has been retweeted more than 4,450 times, as at press time. This would mean that each Ukrainian FTX user would receive currency worth close to 745.50 Ukrainian hryvnias, according to the latest exchange rates. This move is the latest in the global crypto community’s show of support for this country’s struggle in the face of the unfolding Russian invasion that began in the early hours of February 24th....

According to data compiled by Finbold, the EU GDPR fines for 2021 Q3 hit €984.47 million, which is almost 20 times higher than cumulative fines of €50.26 million imposed during Q1 and Q2. To put this into perspective, the Q3 2021 GDPR fines are also three times higher than the €306.3 million imposed across the entire 2020. Luxembourg also accounts for the highest cumulative fines at €746.07 million from 11 cases, followed by Ireland at €225 million tally....

According to data acquired by Finbold, in just 12 months between Q2 2020 and Q2 2021, the global banking sector’s market cap has surged 39.62%, adding €2.1 trillion from €5.3 trillion to €7.4 trillion. On the path to recovery, the market cap slightly plunged in 2020 Q3 to €5.2 trillion before gaining 17.3% the next quarter. Among the Western European banks, Spain’s BBVA bank recorded the highest total shareholder return rate at 19....

Indeed, over the last five years, worldwide cryptocurrency payments for residential and commercial real estate have increased from almost nothing to about $100 million, according to Kashif Ansari, co-founder and group CEO of property technology firm Juwai IQI noted in a South China Morning Post report. As per Ansari, last year the use of Bitcoin and crypto to pay for real estate anywhere in the world was still in its relative infancy, and it is now on hold again as a result of the crisis....

Cynergy notes that the banking platform will go live within the first quarter of 2021, and it targets fast-growing small and medium-sized businesses. However, the parties involved in the deal have not disclosed the partnership’s value. The new platform seeks to feature a personal relationship experience but with the infrastructure and software of a fully digital bank. The bank will also offer savings and lending services like the traditional banking system....

During sales events such as Black Friday and Cyber Monday, consumers have grown to anticipate the best deals, and businesses have shown to be able to deliver while also promoting early-season spending. As a result of inflationary pressures on pricing in online categories, the overall amount of savings gained by customers is diminishing as we approach the holiday period. Early discounting patterns will continue, but the most significant reductions will occur over Thanksgiving week and Cyber Monday, according to an Adobe holiday shopping forecast report....

When streaming, you want to ensure you mute Discord, such that you won’t get distracted while focusing on your game. This guide will guide you on how streamers mute their Discord. We will dig in on two ways that streamers use to mute Discord. We will cover the steps to follow for each method, so you can try the two options and settle on the best method for your case....

Whether you have something urgent to tell your friend or need to break the news to someone, FaceTime comes in handy. You may wonder what happens if you call your friend for a long time and your calls are not received. You may think you are being ignored or blocked. One way you can determine the status of your FaceTime call is the number of rings you hear. So, how long does FaceTime ring?...

Without maintaining Reddit, the app may fail or lack essential features that need to make it more suitable and usable. This guide has researched Reddit maintenance, and if you want to know when maintenance will end, read it! It can be disappointing when you want to use Reddit only to realize you cannot access Reddit for one reason or another. If you are wondering when Reddit maintenance will end, this guide has helped you understand how long maintenance takes on Reddit, what it means when it is under maintenance and what you can do to fix a Reddit not working....

When you call a person for a long time without an answer, you may think you are blocked, or they are ignoring you. If you have had such an issue, read this guide for more details! If you are new to Facetime and want assurance that you are not blocked, you are in the right place. Please continue reading this post to understand how often Facetime rings, what unavailable means when shown on Facetime and how you can tell when you are blocked....