Category: Cryptocurrency News

Ethereum has been recording win after win over the last month. If it’s not a win in its price, then it is another step forward in its move to being a proof of stake network. These major milestones have reverberated throughout its community, spurring bullish sentiment amongst even the most skeptical of investors. Now, another milestone moving into view for the network promises even better things to come. Staking Nears 13.3 Million ETH The amount of ETH staked on the network continues to rise drastically. The first validator node was set over a year ago, and since then, thousands of validators have joined the effort. Along the way, there have been various milestones hit, with Ethereum moving towards another one. Related Reading: Will Ethereum Breach $2,000 Before The Merge? Not long ago, the total number of ETH staked ahead of the Merge had grown to more than 10% of its total supply. Now, with the recent ramp-up and anticipation of the Merge, more ETH is being staked. This has brought the total number of ETH staked to reach almost 13.3 million. What this means is that Ethereum is very close to seeing 11% of its total supply being out of circulation. At current prices, this is more than $25 billion staked in the contract so far. ETH trading above $1,900 | Source: ETHUSD on TradingView.com Now, this is not the highest that the dollar value of the staked ETH has been by any stretch, but given that the price of ETH is down more than 50% from its all-time high, it helps to put into perspective just how much is being staked already. Ethereum Bullish Sentiment Grows Bullish sentiment in Ethereum is now at one of the highest levels it has ever been. As the Merge draws closer, anticipation is nearing peak levels. This has caused investors to accumulate tokens ahead of what will be one of the most important upgrades in the history of the crypto space. Related Reading: Market Sentiment Shoots Up As Bitcoin Eyes $25,000 It is also worthy of note that the digital asset has been up double-digits in the last week alone. This recovery has seen it beat multiple resistance points to break above $1,900. The result of this is more accumulation that continues to send the price sky high. Presently, the only significant resistance for the digital asset sits at $2,000, a price point bulls are aiming for. A break above this will set the digital asset on a rally towards $2,500, with the most important resistance dwelling at $2,250. Featured image from Coinmarketcap, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

The email marketing service provider temporarily suspended crypto-related accounts due to alleged terms of service violations.

As with the merge, the surge has more than one step to it but we’re only really interested in one important thing which is Sharding Now before we understand what Sharding is we have to understand why Ethereum is so expensive and slow to use in the first place. I expect that a lot of…
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With some areas of the blockchain space showing signs of a potential bottom, July showed that the market remains in a cautionary state.

The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the funds used in the transaction are derived from a virtual asset” must […]

The Sandbox (SAND) has been showing bullish signals and rising steadily, recording a 0.5% spike in the market. Sandbox price on an uptrend; rises by 76% SAND price trades upwards; depicting a long-term bullish trend Sandbox is bullish due to an increased investor and influencer interest  The market has seen aggressive strides in the past couple of weeks which is forecasted to be long-term. According to CoinMarketCap, The Sandbox (SAND) is down by 3.1% or at $1.30 as of this writing. Related Reading: SOL Makes Another Shot At $44, After Two Failed Attempts This Week SAND Blows Past 75% On Influence Boost SAND was seen to spike by 76% since June 19. The growth is brought about largely by the influence of metaverse platforms like Sandbox which has generated a great deal of interest from popular influencers and personalities online as well as a huge part of blockchain users who continuously support these platforms. For instance, famous socialite Paris Hilton has a Malibu mansion on Sandbox and is organizing events for fans that allow everyone to interact virtually with her. Hilton’s partnership with Sandbox has generated a lot of attention for SAND and also the metaverse events she has in store for her solid fans on Sandbox. Related Reading: Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67? SAND’s price growth is mainly triggered by its wide expansion internationally and in other markets. Additionally, Sandbox is also said to begin partnerships with local businesses for a pop-up atelier. These developments have propelled SAND’s prices way up as investors are now excited with the evolution of the metaverse industry and want to be a part of the metamorphosis. On the recent chart, the market has registered small gains which are said to be a perpetuation of the sideways market that has been lingering for the past couple of weeks. SAND is seen to continue with its current trading direction or the sideways market in the next trading sessions with prices that could potentially trade below $1.49. On the other hand, if the prices hover above the key resistance of $1.49, this will indicate the continuation of a bull run. What Is The Sandbox? The Sandbox (SAND) is an interactive virtual Ethereum-based world that enables players to create, build, explore, socialize, trade, and monetize digital assets and game experiences. The platform is powered by SAND, its native currency, which is utilized for interactions and transactions made in the virtual world. The Sandbox provides players with a safe gaming landscape that keeps players secure from crypto market volatility and crashes. While the Sandbox has been criticized a lot of times as it heavily relies on cryptocurrencies which are highly volatile, the platform remains to be one of the most popular and trusted projects in the GameFi space. SAND total market cap at $1.6 billion on the daily chart | Source: TradingView.com Featured image from Yahoo Finance, Chart from TradingView.com

Bank of Russia started CBDC testing in 2022 and expects to implement an official banking rollout in the year of presidential elections in 2024.

Ethereum classic was trading close to its highest point since April, as the token rose by nearly 10% on Friday. Despite crypto markets being mostly in the red in today’s session, a handful of tokens managed to climb higher. Chainlink was another one of these tokens, as it hit a two-month high earlier in the […]

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