Developers are switching their efforts to DeFi as it takes a larger slice of the crypto market. Software engineers and developers are slowly switching their attention from layer-one blockchains once dubbed ‘Ethereum killers’ to the ever-increasing number of new decentralized finance protocols. A February Blockchain Development Trends report by venture capital firm Outlier Ventures suggests that developers are switching their focus away from Ethereum rivals. The findings confirm that over the past twelve months, Ethereum remains the most actively developed blockchain protocol, followed by Cardano and Bitcoin. […]

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The CIO of Guggenheim is under fire on social media for expressing different views about Bitcoin, seemingly on either side of a big investment. Guggenheim CIO Scott Minerd’s apparent shift from bullish to bearish and back again on either side of an SEC filing pertaining to a half billion dollar investment in BTC has been raising eyebrows on social media. The observation was made after approximately $500 million in BTC was moved from Coinbase into a series of private wallets on Jan. 31, which corresponds with an […]

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The Bitcoin-to-gold price ratio could shoot to 100x with the digital asset’s volatility possibly dropping to gold levels by 2024. Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone.  By 2024, he believes its volatility could even reach gold levels, driving the price much further. In a report published on Wednesday, McGlone explained that BTC is showing strong support at $30,000, and “increasing institutional adoption and the potential […]

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Grayscale believes EIP-1559, a proposal to burn Ethereum gas fees, could be extremely bullish for Ether’s price. Institutional crypto fund manager Grayscale Investments believes the introduction of the proposed EIP-1559 fee and burn mechanism could create “a positive feedback loop for Ether’s price” should network activity continue to increase on Ethereum. That’s because the proposal could result in Ether being burned at a rate exceeding the creation of new supply, significantly shifting the supply-demand dynamic underpinning the ETH markets. In Grayscale’s Feb. 4 report, Valuing Ethereum, the […]

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In announcement the appointment, Lummis made clear that she hopes to get digital asset legislation moving. The most vocally pro-crypto Senator in the U.S. will join the committee responsible for the nation’s financial regulation. On Wednesday night, Senator Lummis’ team told Cointelegraph that Lummis had received her committee assignments for the 117th congress. The freshman republican from Wyoming will take her place at three committees: banking, environment, and commerce. The Banking Committee is the Senate’s front line for financial legislation and has hosted hearings with Facebook’s leadership […]

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Flamingo’s (FLM) rally to a new all-time high is backed by record trading volume, increased governance capabilities and DeFi users searching for Ethereum alternatives. Decentralized finance is rapidly becoming a cornerstone of the cryptocurrency sector but the ecosystem has become increasingly centralized on the Ethereum network and this is causing the entire sector to be plagued by high gas fees and slow transaction confirmations. Average Ethereum gas price. Source: Etherscan This explosive rise in gas fees is leading users to look for other options and one alternative […]

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