I know there’s no way to accurately predict what cryptocurrencies are going to do, unless you’re a hamster. But if you had to pick a number, how much do you think BTC will be worth by 2030? This is assuming that ETH2 takes off obvs. Considering that BTC got to an ATH of above 60k…
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I want to send some ETH from an exchange (coinbase or Kraken) to Arbitrum. Is there any way to avoid the huge fees of sending from CEX to a metamask wallet on L1, and then bridging? I can be patient – I've heard that Kraken will allow users to directly withdraw to Arbitrum "soon," does…
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Generating yield on crypto is a booming thing. There are many ways to boost your gains, this includes lending, staking, liquidity providing, etc. You can do this with CeFi and DeFi. This is an updated attempt to provide guide for begginers, but even experieneced user might find some useful tips. First let get some terms…
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A new report valuing payment tokens estimates the market size of each token’s relevant use cases based on the rate of actual adoption.
The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform called the Lens Protocol. According to the team, Lens is a “Web3, smart contracts-based social graph” that is built using the Polygon blockchain. Defi Project Aave Drops the Lens Protocol, Platform’s Intent Is to ‘Empower Creators to Own […]
ETH had seen its price take a tumble along with the rest of the market in the January market crash. But while the broader market had panicked, whales had seen this as an opportunity to fill up their bags at low prices. It was basically a free-for-all as sell-offs had rocked the digital asset. Three Arrows Capital was among those who had taken advantage of the low prices. The hedge fund which is headed by Su Zhu had loaded up on ethereum, pouring tens of millions of dollars into the asset. This comes despite CEO Su Zhu’s comments about the Ethereum network, which he has disparaged in the past. It seems that while Zhu may no longer be a fan of ethereum, his firm is taking the step to leverage the opportunities presented by the network. 3AC Buys $56 Million Worth Of ETH A new report from Wu Blockchain has shown that Three Arrows Capital (3AC) had been ramping up its crypto buying activities. The firm had gone on a buying spree that came out to more than $50 million worth of ETH purchased. An address that was identified to belong to the hedge fund had been rapidly buying thousands of ETH over a couple of days. Related Reading | Cardano (ADA) Forms Local Resistance As It Readies For Another 40% Liftoff In three days, 3AC had accumulated a total of $56.67 million worth of ETH, coming out to 18,575 ETH purchased in three days. The address marked as Three Arrows Capital (0x4862733B5FdDFd35f35ea8CCf08F5045e57388B3) has accumulated 18,575 ETH in the past three days, worth about $56.67 million. pic.twitter.com/hDda9v76Og — Wu Blockchain (@WuBlockchain) February 8, 2022 Most of these ETH had come in increments of 2,000 at a time, staking up over time to a significant balance. As of the time of this writing, the total value of the Ether had grown by almost $2 million, now sitting at over $58.5 million. 3AC CEO Does Not Like Ethereum CEO of 3AC, Su Zhu, has not been the biggest fan of Ethereum in recent times. In November last year, NewsBTC had reported that the CEO had reportedly said that he was leaving the ethereum project behind. This is a project that Zhu has supported in the past but he had given reasons for him taking this decision, the high cost of a transaction is at the top of the list. Related Reading | Bitcoin Settles Above $43,000, But What Does The 4-Year Cycle Say? Zhu lamented that ETH had abandoned its users due to its high fees. At that point, the transaction fees had risen exponentially due to the high traffic on the network, leaving smaller investors being unable to use transact on the blockchain. Zhu had referred to the situation as “gross” given that newcomers were unable to enter the space due to high fees. ETH plunges to $3,100 | Source: ETHUSD on TradingView.com The CEO’s lamentations had not affected his investment firm’s view on the digital asset, however. About two weeks after Zhu had made the comments, Three Arrows Capital had purchased 156,400 ETH for about $676.37 million and had transferred it to its wallet which Wu Blockchain had identified as belonging to the firm. Zhu, too, had softened his stance on the ethereum network after widespread backlash, saying that he loved “Ethereum and what it stands for.” Nevertheless, 3AC has maintained its support for the network. This is evidenced by the rapid rate at which the firm has been accumulating ETH. Featured image from Ethereum Price, chart from TradingView.com
“Bringing this market into the light so to speak with more transparency will only allow us to see what’s going on underneath the hood,” said Rostin Behnam.
I am trying to wrap my head around something and would appreciate some insights from others. Imagine a word where a network, let's say Ethereum (but it applies on a high level to Bitcoin or any other network too), is really widely adopted. Everyone uses it, your house ownership is represented by an NFT, your…
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