Archive for the ‘Ethereum’ Category

The Mount Rushmore of Crypto 2023? Bitcoin, Ethereum, Cardano … – Euro Weekly News

As we brace ourselves for a turbulent crypto year, the market has seen expansions of more than $80 billion despite the Securities and Exchange Commissions (SEC) stringent regulations. Crypto markets are finally displaying signs of a bullish run and accelerating speed after a challenging first, ignoring any obstacles or unfavourable news.

The newest meme coin in the cryptoverse, Big Eyes Coin (BIG), is in the lead after raising over $31.5 million during its presale. Only time will be able to determine when and where this will land. On the other hand, Bitcoin and Ethereum are two crypto industry leaders. Bitcoin dominated the market, and users followed SEC regulations when converting other cryptocurrencies into BTC. Players like Cardano are also putting themselves out there.

The king of cryptocurrencies, Bitcoin (BTC), reached a height of $24,755 as we entered the second half of February. This was the highest level since June 2022. The value of BTC soared once many users and investors shifted their funds away from other cryptocurrencies and towards the crypto beast. BTCs price at the time of writing was $24,551, up almost 10% over the previous day, and it had a $473.59 billion market cap.

In order to establish an autonomous and interconnected network of digital currencies, Satoshi Nakamoto, a mysterious person or entity, launched Bitcoin as a different means of payment in 2009. Bitcoin uses a Proof-of-Work (PoW) technique to verify transactions, and the digital currencys 21 million coins are in limited supply.

Like Bitcoin, Ethereum (ETH) experienced growth and increased by more than 8% to $1,700. In August 2022, Ethereums last value of $1,800 was recorded. ETH was worth $1,683 and had a market value of $205.75 billion at the time of writing.

In addition to serving as a platform for decentralised apps and smart contracts, Ethereum debuted as a De-Fi coin in 2015. Its security, and reliability make it the platform that consumers and developers want the most in the world compared to Bitcoin. Ethereum relied on the Proof-of-Work method, but last year the network saw a shift PoS (Proof-of-Stake), which is quicker, requires less energy, and is more secure.

A blockchain that uses proof-of-stake is called Cardano (ADA). As a result, the coins energy efficiency is increased. Traditional proof-of-work consensus requires more mining and transaction time. The blockchain was created in 2017, and the Alonzo hard fork was introduced four years later. It has smart contract capability as a result. Smart contracts encrypted security makes them tough to hack. Transactions using the proof-of-stake mechanism can be done very quickly, effectively, and precisely!

Cardanos dedication to transaction security has aided in the platforms growth into a potent blockchain. Its greenness is aided by the quickness and effectiveness of its transactions as well as its smart contract. The likelihood of investing being successful is high.

Big Eyes Coin (BIG) is a community-owned, meme-themed cat coin that aims to improve the environment of the planet while also providing useful services and use cases. Big Eyes Coins presale has already reached $31 million, and it now aims to achieve $50 million by the end of the presale. This brand-new meme coin has a cat as its symbol, and it has the potential to grow into the biggest meme coin ever.

In the past few weeks, Big Eyes have run a number of marketing initiatives, including a tattoo competition, discount codes, and the great set of loot box offerings that are currently available.

The community-led token has repeatedly shown that it is here to stay and has a bright future ahead of it, dispelling any concerns being expressed by these crypto gurus, despite some internet critics casting doubt on the currency and its genuineness.

With incredible technological advancements, usability, accessibility, NFTs, loot boxes, and more, Big Eyes Coin is aiming to establish itself as a crypto mainstay.

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Sponsored

WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

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The Mount Rushmore of Crypto 2023? Bitcoin, Ethereum, Cardano ... - Euro Weekly News

Amid stablecoin turbulence, Djed to expand to Ethereum, Binance Smart Chain – CryptoSlate

Cardano (ADA) founder Charles Hoskinson announced that Algorand (ALGO) is now on the Cardano network in reaction to the news that Mikomedia A1 Rollup is live on Algorand.

Mikomedia is a blockchain interoperability provider which focuses on giving EVM capabilities to smart networks like Cardano, which are originally non-EVM. On the Layer-2 A1 rollup, wrapped ALGO dubbed milkALGO will be the native currency for all transactions.

According to the announcement, Algorand is a non-EVM chain with multiple other unique factors that make it the perfect candidate for one of the first rollups outside the Ethereum (ETH) ecosystem.

Milkomedas chief focus is fostering blockchain interoperability, accomplished by bringing EVM capabilities to non-EVM chains, while creating a seamless user experience.

Two products are already live on the A1 rollup: Celer and Blueshift. Blueshift is a decentralized exchange based on the Milkomeda Cardano C1 sidechain. Now that it has been deployed on the AI Rollup, it will be possible for Algorand users to access the protocol.

Launching the Layer-2 A1 rollup is a big deal for Cardano and Algorand because it will allow the two networks to connect. This could not have happened without the rollup since both blockchain networks use different architectures.

Cardano is based on the UTxO architecture, while Algorand uses Algorand Virtual Machine (AVM). Without the Layer-2 rollup, it would be impossible for the two to connect or swap assets.

Blueshift is also planning to release features that will make it possible for users of both networks to make Cross-chain swaps.

Meanwhile, the development did not impact the price of ADA or ALGO.

ADA was down 0.5% over the past 24 hours and down 7.3% over the past seven days trading at $0.3536.

ALGO was trading at $0.3132 as of press time, down 0.2% in the last 24 hours.

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Amid stablecoin turbulence, Djed to expand to Ethereum, Binance Smart Chain - CryptoSlate

Bitcoin and Ethereum: Bitcoin falls, but still going stronger than most … – Proactive Investors UK

Bitcoin and Ethereum both fell in the last 24 hours, but the former has performed stronger than major indices this last month.

Bitcoin, the largest coin by market cap, slipped 2% to US$27,641, although the digital gold is still up 12% in the last week.

Yesterday, Bitcoin reached a three-month high when the asset hit US$28,638.

Ethereum, on the other hand, lost 2% to US$1,752, butis alsoin the black over the seven days, up nearly 6%.

As markets panicked in the wake of the collapse of Silicon Valley Bank (SVB) and UBSs takeover of fellow Swiss lender Credit Suisse, Bitcoin has gone strong.

Since 10 March, the coin has risen by nearly 37% from US$20,376 to todays price.

To put this into perspective, only 12 companies in the S&P 500 have achieved higher returns than 35% this year to date.

This means that Bitcoin is outperforming the likes of FedEx (NYSE:FDX), Apple and Amazon.

Among some of the altcoins,XRP shed 1.6% to US$0.44,Solana lost 2.4% to US$21.73 while Litecoin gained 8.2% to US$87.70.

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Bitcoin and Ethereum: Bitcoin falls, but still going stronger than most ... - Proactive Investors UK

Ethereum (ETH) and Stellar (XLM) Whales Buy Into Presale Token … – Blockzeit

Ethereum (ETH) and Stellar (XLM) whales have recently shown strong interest in the presale token Collateral Network (COLT) and for a good reason. With the potential for widespread adoption of Collateral Network (COLT), experts predict that the price of Collateral Network (COLT) could skyrocket by a staggering 3500% from its current level of $0.01 during the initial presale period, presenting a golden opportunity for savvy investors to get in on the ground floor of this exciting new technology.

>>BUY COLT TOKENS NOW<<

Several crypto projects have been implemented on Ethereum (ETH), a major smart contract platform. ETH, the Ethereum (ETH) networks native cryptocurrency, has remained a pillar of cryptocurrency for years due to the Ethereum (ETH) networks dominant position.

Despite the emergence of several blockchain networks with similar smart contract execution and decentralized application development capabilities as Ethereum (ETH), the Ethereum (ETH) platform remains the most popular.

Over the years, the native cryptocurrency Ethereum (ETH) has been one of the most favored repositories of wealth among investors. Several individuals have discovered lucrative profits from this method, particularly around the crypto craze of 2020. Yet these same large holders who have profited from Ethereum (ETH) are focusing on a new presale, Collateral Network (COLT), that aims to revolutionize crowdlending.

>>BUY COLT TOKENS NOW<<

With its decentralized platform for financial goods and services, Stellar (XLM) connects the financial world with blockchain technology. Stellar (XLM), introduced in 2014, provides a quick, safe and inexpensive infrastructure for financial transactions and asset issuances, making Stellar (XLM) a beneficial tool for consumers and businesses.

Stellar (XLM) is loaded with functionality, such as linking individuals, banks, and payment processors, transferring financial resources rapidly, reliably, and cheaply and enabling Stellar (XLM) users to develop, send and trade several cryptocurrencies.

Stellar (XLM) also takes pride in its quick transactions; to its consensus method, transactions take less than five seconds, and verifying them incurs minimal expense. Stellar (XLM) is significantly more environmentally friendly and energy-efficient than other cryptocurrencies, therefore contributing to the improvement of our world.

>>BUY COLT TOKENS NOW<<

Collateral Network (COLT) is a trailblazer in the DeFi field since it was the first to market in the crowdlending industry. Collateral Network (COLT), an innovative platform, will allow borrowers to lend against their physical assets, such as art, rare metals, cars, watches, and many more to secure loans using tangible assets, providing a secure and reliable means of collateralization in the world of cryptocurrency.

Collateral Network (COLT) offers a groundbreaking asset-backed lending marketplace for physical assets, with token holders who are borrowers receiving discounts on borrowing costs and interest and token holders who are crowdlenders receiving discounts on trading fees in the Collateral Network (COLT) marketplace.

The advantage of Collateral Network (COLT) is that it allows users to leverage their actual assets without having to sell them. Collateral Network (COLT) enables users to borrow against a variety of assets which would be held in a vault until the loan has been paid off completely by the investors, and the asset is then returned to the lender. However, in the event that the loan is defaulted, the asset is sold in auction.

As a result, Collateral Network (COLT) may see broad acceptance in the next months, with its price expected to rise 3500% from its present level of $0.01 in the first presale phase. The Collateral Network (COLT) native token, COLT, is intended to fuel the ecosystem. Collateral Network (COLT) token holders will get a variety of benefits and utilities.

Website: https://www.collateralnetwork.io/

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

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Ethereum (ETH) and Stellar (XLM) Whales Buy Into Presale Token ... - Blockzeit

Value Locked in Defi Rises Above $50 Billion Mark, Ethereum … – Bitcoin News

The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past 24 hours.

With crypto assets swelling in value and the crypto economy rising 1.2% to $1.24 trillion, the total value locked (TVL) in defi on Wednesday was $50.34 billion. The defi platform Lido Finance dominates the top defi protocols with $10.76 billion, up 10.60% in seven days and up 24.61% over the past month. Makerdaos TVL is the only defi protocol out of the top five that has seen a TVL reduction of 1.29%. Aave, Curve, and Uniswap have seen increases with Curve jumping ahead by 13.62%.

Most of the rise in defi has stemmed from the smart contract platform market capitalization rising 3.6% over the last day to $357 billion. The top five smart contract tokens have increased in value over the last week except for polygon (MATIC), which is down 3.9% over the past seven days. In terms of TVL by blockchain, Ethereum dominates the $50.34 billion by more than 59% with a total of $29.71 billion. Ethereum is followed by Tron ($5.35B), BSC ($5.1B), Arbitrum ($2B), and Polygon ($1.07B).

As far as liquid staking, the top protocol on Ethereum is Lido, on Tron its Neopin Staking, on BSC its Ankr, on Arbitrum the top liquid staking app is Tenderize, and the top staking protocol on Polygon is Thunderpokt. For Ethereum, theres 7,843,929 ETH worth $14.29 billion locked into liquid staking protocols today, with Lido dominating the pack. Behind Lido is Coinbase ($2.15B), Rocketpool ($805.53M), Frax ($224.22M), Stakewise ($158.34M), and Stakehound ($118.85M). The top five bridges, as far as TVL is concerned, include WBTC, Justcryptos, Multichain, Poly Network, and Portal.

At 3:30 p.m. (ET) on March 22, 2023, after the recent Fed rate hike and bitcoin (BTC) dropping 3.4%, the TVL in defi has managed to remain just above the $50 billion range at $50.08 billion.

What do you think is driving the rise in defi and its TVL? Share your thoughts about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Value Locked in Defi Rises Above $50 Billion Mark, Ethereum ... - Bitcoin News