cryptocurrency trends

Category

$ETH

Showing 13 Result(s)

Bitcoin’s price hits a six-month low near $38,500

updated on

The price of bitcoin (BTC), the world’s largest cryptocurrency, continues to reel as it faces pressure from macroeconomic conditions, such as concerns around the tightening of US monetary policy. In November, bitcoin touched an all-time high above $69,000. Yet it has declined significantly since then. Bitcoin is currently trading at around $38,500, the level it last saw in early August. “Macro confusion continues as we are in the Fed blackout period until the 26 Jan meeting,” said crypto trading firm …

NYC mayor Eric Adams receives first paycheck in the form of BTC and ETH

updated on

Eric Adams, the mayor of New York City, made good on a previous pledge by receiving via automatic conversion his first paycheck in the form of cryptocurrency. According to a Thursday morning statement from the mayor’s office, Adams’ paycheck was converted into BTC and ETH.  “New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations,” Adams said in a statement. “Being on the forefront of such innovation will …

Comparing sharding technologies

updated on

January 5, 2022, 11:11AM EST • 10 min read Quick Take There are two main types of sharding for blockchains: state and network State sharding is typically more difficult to execute but scales blockchains more sustainably than network sharding Contrary to the belief that shard chains are fully functional, most shard chains are currently mainly utilizing a single shard for smart contracts to reduce the technical complexity The eventual growth in shard chains can serve as a useful precursor for …

Growth of shard chain ecosystems

updated on

December 28, 2021, 10:07AM EST • 12 min read Quick Take Shard chains are blockchains that scale by running processes in parallel Some shard chains have seen significant developments in their ecosystems However, the functionality of these applications does not guarantee their success Many applications in shard chain ecosystems are still struggling to bootstrap liquidity and sustain growth in terms of user adoption Join The Block Research for exclusive research like this Gain access to this research piece and 100s …

Trading volume of bitcoin and ether options grew 443% in 2021

updated on

The combined trading volume of bitcoin (BTC) and ether (ETH) options increased 443% in 2021, according to The Block Research. In absolute numbers, the combined trading volume of bitcoin and ether options was over $387 billion in 2021, based on data as of December 27. Last year, bitcoin and ether options saw a combined trading volume of over $71 billion. Deribit is the market leader for both bitcoin and ether options trading markets, having a giant share of over 90% …

Trading volume for bitcoin and ether futures surpassed $32 trillion in 2021

updated on

The combined trading volume of bitcoin (BTC) and ether (ETH) futures surged over $32 trillion in 2021, according to The Block Research. That figure, based on data as of December 27, is a massive 338% increase compared to 2020 trading volumes. Last year, bitcoin and ether futures saw a combined trading volume of over $7 trillion. The month of May had the highest trading volume in 2021 for both bitcoin and ether futures, with a combined value of over $4 …

Ethereum mixer Tornado Cash announces new upgrades

updated on

The development team behind Tornado Cash, an Ethereum-based transaction mixing protocol, announced Wednesday the launch of an upgraded pool, dubbed Nova. Nova, developers wrote in a blog post, is focused on “improving user experience & expanding the protocol functionalities,” per a blog post published that outlines the changes. More broadly, today’s announcement is intended to set the stage for a more significant upgrade, v3, though the timeline for v3 has not yet been made public. Among the new functionalities is …

Ethereum Foundation launches incentive program for client teams

updated on

The Ethereum Foundation has launched what has been dubbed the Client Incentive Program to encourage software development teams to continue to maintain the core network. Client teams will each receive 144 validators totaling 4,608 ETH to operate on mainnet. The teams can unlock rewards as they continue to build software that meets performance and security requirements. Ownership of the funds vests over several years as the team maintains clients and meets performance benchmarks on mainnet. The first tranche unlocks at …

Palm NFT Studio raises $27 million in Series B led by Microsoft’s M12

updated on

Palm NFT Studio announced the completion of a $27 million Series B funding round led by Microsoft’s M12 venture fund, which will help it expand its technology for large NFT drops to more creators.  Also contributing to the round were Warner Bros., Griffin Gaming Partners, RRE, Third Kind Venture Capital, Sfermion, the LAO, and SK Inc. The round follows a Series A from HENI Group that was not formally announced, a spokesperson confirmed. Palm NFT Studio, which launched about eight …

Crypto staking businesses are making an absolute fortune

updated on

Quick Take Since the beginning of the year, money has flooded into proof-of-stake blockchains, propelling their values up. As a result, big staking businesses are seeing up to $10 million in monthly revenue — with lower costs than bitcoin miners. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block.