A lot of people are understandably upset about the high gas fees. Some people bought a few hundred dollars of Eth went to go play around with DeFi or NFTs and now find their funds are basically held hostage to high fees. I think as a community we would benefit a lot by creating a…
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Hex Trust, an Asia-based crypto-asset custodian, and Animoca Brands, a provider of blockchain gamification platforms, announced today they have formed a joint venture to provide institutional cryptocurrency wallets and financial services for online gamers. In the partnership, Hex Trust will provide its highly secure digital asset wallet technology and custody infrastructure to connect seamlessly with…
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Hi, I live in Bergen County New Jersey and I wanted to know that if I start mining and my electricity usage goes high, does my cost per watt go higher too? submitted by /u/Sina5105 [link] [comments]
I present to you, the most important regulatory framework for cryptocurrencies so far: "Proposal for a Regulation Of The European Parliament and of The Council on Markets in Crypto-assets, and amending Directive (EU) 2019/1937". First of all, some context. This will be a long post but sometimes long posts are necessary. Bear with me. The…
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I just really go into crypto early this year and been looking into coins. I’m a small time miner now as well. 5 gpus and growing. So I’ve been doing research and bam! I fell in love with ravencoin and what they’re doing for gpu miners and their platform. Just bought my first ravencoin. Swapped…
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During the last week, the price of bitcoin has been hovering below the $60K range and digital currency advocates are wondering which way the market is headed next. At the time of writing, the crypto economy is valued at $2.81 trillion and bitcoin’s market dominance has sunk below the 40% region for several days now. […]
Ethereum has proved itself be to a force to be reckoned with and big bank JPMorgan agrees. When it comes to performance, Ethereum has outperformed rival Bitcoin, although the latter remains the most valuable cryptocurrency in the space. However, if history is any indication to go by, then Bitcoin may not be in the lead for much longer. Analysts at JPMorgan recently released a report on cryptocurrencies and their potential. Although the note acknowledged the ability of Bitcoin, it also puts Ethereum ahead of the leading cryptocurrency in coming years. The report based its argument on the utility of both assets. While Bitcoin is good for its monetary policy, Ethereum has proven to be even better. Related Reading | Why This Crypto Billionaire Abandoned Ethereum Invest In Ethereum The JPMorgan note outlined how Etheruem could prove to be the better bet compared to Bitcoin in the long wrong. Bitcoin may still be the most valuable cryptocurrency, but with climbing interest rates, Ethereum could end up faring better. “The rise in bond yields and the eventual normalization of monetary policy is putting downward pressure on bitcoin as a form of digital gold, the same way higher real yields have been putting downward pressure on traditional gold,” said the analysts. ETH recovers above $4,300 | Source: ETHUSD on TradingView.com This is because as interest and inflation rates rise, more investors will flock towards decentralized finance (DeFi) protocols, which offer more attractive interest rates than traditional finance. Given that majority of these DeFi protocols are built on the Ethereum blockchain, it will only drive more adoption in the digital asset, providing it more room to grow than Bitcoin. In the note, JPMorgan also points to the budding NFT, gaming, and stable coins portion of the market. This makes it a “safer” bet than Bitcoin when it comes to investing in cryptocurrencies, which are infamous for their volatility. As interest rates rise, its underlying utility should be able to help it maintain its value, the note reads. “With Ethereum deriving its value from its applications, ranging from DeFi to gaming to NFTs and stablecoins, it appears less susceptible than bitcoin to higher real yields.” Outperformance For The Future Analysts at world-leading bank JPMorgan also put forward other reasons that Ethereum could end up being a better investment option than Bitcoin. One of these was the fact that the altcoin has consistently outperformed Bitcoin year-over-year. The numbers for 2021 alone show a wide margin when both digital assets are compared side by side in terms of performance. Related Reading | Reddit User Calls Out KuCoin Over ≈$50,000 Stuck On Exchange Ethereum has grown more than 500% in the year compared to Bitcoin’s 96%. If the asset maintains this rate, then it could very well surpass the market cap of Bitcoin in the next five years while returning higher gains for its investors. In five years, Ethereum has grown to about half the total market cap of Bitcoin. Sitting at over half a trillion dollars, the digital asset surpassed giants like Visa, MasterCard, and JPMorgan to claim the 15th spot as the most valuable asset in the world. Featured image from Coingape, chart from TradingView.com
“The Market Report” with Cointelegraph is live right now with special guest Michaël van de Poppe, founder and CEO of Eight Global.
submitted by /u/KAX1107 [link] [comments]
I have a small ETH transaction that I was sending from my CB wallet address to my regular CB account address. The total of the transaction was only about $25 and the gas/transaction fee was going to be about $20 so I wanted to see if I could send it for less and adjusted the…
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