The number of Ethereum transactions on blockchain recorded its all-time daily high on Thursday, Coin Telegraph reported. Daily transactions reached 1.406 million yesterday, as shown by data from Etherscan.
Read More »Europe Challenged by Private Crypto Assets
Europe needs to address the challenges imposed by private sector global digital assets, warned the Governor of the Bank of France, Coin Telegraph reported. “We in Europe face urgent and strategic choices on payments that will have implications for our financial sovereignty for decades to come.” “Our European ecosystem has …
Read More »Bitcoin Trading near $10,423
Bitcoin is maintaining most of its gains on Thursday, as it is currently trading up by 1.6% at $10,422.8. Earlier today, the world’s biggest digital currency was trading above $10.475 briefly, before giving up some of its gains as it faces strong resistance. Meanwhile, the Ethereum surged by 5.3% to …
Read More »Bailey Calls for Regulating Stablecoins
Stablecoins and cryptocurrencies must be well regulated by market authorities, according to remarks by the Bank of England (BoE) Governor, Andrew Bailey, on Thursday. The comments, picked up by Reuters, showed a call for regulators to keep up with market developments in the digital payment domain. “If stablecoins are to …
Read More »Bitcoin at Highest Level in 11 Months
Bitcoin surged on Monday to its highest level in more than a year, expanding its 2020 gains since the beginning of the COVID-19 crisis. The cryptocurrency increased by more than 4% to $12,424, its highest level since July 2019. Year-to-date (YTD), the price of the digital currency has increased by …
Read More »Ethereum Average Transaction Fees at Record High
The average fee for Ethereum transaction increased to a new record high of $7.50, Coin Telegraph reported. The rise in fees is attributed to increased interaction with stablecoins on the Ethereum network. Ethereum rose by around 2.47% during the past 24 hours, as it is now trading at $394.68.
Read More »Bitcoin is Rising Alongside Other Cryptocurrencies
The cryptocurrency, Bitcoin, has been dropping since the beginning of Thursday’s session and trading at a drop of about 0.61%, or nearly $ 70, to reach 11,680, down from the $ 11,814 levels reached the beginning of the Asian session. It is possible that Bitcoin’s increase in price during the …
Read More »Venture Fund to Invest $110 M in Cryptocurrencies
Electric Capital venture fund raised $110 million from university endowments and other nonprofits to invest in cryptocurrencies, Bloomberg reported. The company has started with investing $35 million in cryptocurrencies like Bitcoin and Ethereum and blockchain projects. However, it seems the focus this time will be directed towards other crypto assets. …
Read More »Bitcoin Trading Little Below $11,000
After rising above the $11,000 mark earlier today, the price of Bitcoin declined by 2.4% to trade at $10,986.10. Earlier today, Bitcoin rose by $1,268 or 12.7% to trade as high as $11,203.90, reaching its highest level in six months. Meanwhile, Ethereum is down by 1.6% at $317.48. Bitcoin Cash …
Read More »Bitcoin Putting $10.5K Within Reach
Bitcoin jumped above $ 10,000 for the first time since early June after the recent quiet price action. The cryptocurrency traded at $ 10,196.27, up more than 2.55% on the day. Bitcoin crossed the $ 10,000 barrier on June 3 but has since fallen and has remained steady, but for …
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