Ethereum rallied to $325 after two months of consolidation as excitement over decentralized finance continues to affect the blockchain where majority of DeFi smart contracts are built. Ethereum ended its $240 sideways trend with a massive breakout on July 22. The world’s second-largest cryptocurrency only printed green candles soon after. It Read more…
The South Korean government has announced a 20% tax rate for income generated from cryptocurrency trading. Following a Tax Development Review Committee meeting on July 22, the Ministry of Economy and Finance published its revised tax code detailing the new rules. In a section headed, “Taxation on Virtual Asset Transaction Income,” the Read more…
Ethereum 2.0 launch draws nigh as the final testnet is set to go live on August 4. ETH 2.0 has been running successfully on multiple testnets since April. The much-anticipated Ethereum 2.0 has kept investors on the edge for the longest time. However, the good news is that its final testnet is Read more…
The popularity of ChainLink has resulted in Binance launching a quarterly LINK Futures contract. LINK quarterly futures have been listed before the Ethereum’s. This move shows that ChainLink (LINK) is a fan favorite for crypto traders. LINK had earlier dropped below $7 and is now trading at $7.63. The crypto Read more…
Ethereum, much like Bitcoin, has been caught within the throes of an intense bout of sideways trading This has caused the cryptocurrency to largely hover around the lower boundary of its multi-month trading range, being unable to gain any clear and decisive trend in either direction Although many major digital Read more…
Thibault Schrepel and Vitalik Buterin presented their paper “Blockchain Code as Antitrust” via YouTube today. The paper argues that public blockchains can complement antitrust laws. The authors note that the goal of both antitrust law and blockchain tech is decentralization. When Thibault Schrepel and Vitalik Buterin released their co-authored article, “Blockchain Read more…
PayPal said it is working on integrating crypto capabilities in its platform It said the European Commission should establish clear rules and definitions to encourage companies PayPal is studying the use of blockchain to improve financial services Digital payments company PayPal has confirmed it is seeking to enter the cryptocurrency space. In a Read more…
Ethereum is currently undervalued and is poised to increase in the long-term, potentially reaching market cap parity with Bitcoin, some analysts claim. Ethereum Might Be Bullish In the Long-Term As Ethereum is getting closer to its 5th anniversary, some market onlookers are waiting for its revival, especially amid the context of Read more…
Digital assets management firm Grayscale has increased the weighting of Bitcoin and Ethereum in its Digital Large-Cap investment fund. The change in composition comes at the expense of major altcoins including XRP, Bitcoin Cash and Litecoin. In the two weeks following Bitcoin’s halving in May 2020, Grayscale’s rate of Bitcoin Read more…
HedgeTrade is a blockchain-driven financial forecasting and social trading platform where crypto investors are allowed to trade and at the same time share their knowledge and experiences. It is an Ethereum based blockchain launched in the last quarter of 2018 with a major purpose of rendering educational contents, trading insights, and analysis Read more…