Ethereum

Though Ethereum is currently the undisputed king of Defi, its dominance may not be absolute. Multinational investment bank JP Morgan recently argued that the network will face stiff competition from other chains in the coming years. They say Ethereum’s scaling difficulties are a primary market vulnerability, and that its development solutions may arrive too late. Hurry Up, Ethereum! Nikolaos Panigirtzoglou – analyst for JP Morgan – published his opinion on the matter in a note on Wednesday. He acknowledges sharding…

Though Ethereum has been delayed several times on its way to v2.0, its founder remains optimistic. Vitalik Buterin recently told the Bankless podcast that he thinks the network is “50% of the way there” in upgrades. In addition, he outlined a 5 step process by which he sees it reaching its “Endgame” – a follow-up to his recent article. 5 Stages To Success Vitalik broke down Ethereum’s roadmap into five easy-to-remember stages. These are the Merge, the Surge, the Verge,…

Reddit made another step towards going public. The social media giant announced filing a confidential draft statement for a planned IPO this Wednesday. The company filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC). The registration statement uses SEC Form S-1. Public companies in the US use the form to register new securities. The SEC requires this form and doesn't allow stock listing on the national exchange without it. Usually, companies submit the S-1 Form before their initial…

The Swiss are taking the gold - to the Ethereum blockchain. After announcing the move back in March this year, Swiss bank SEBA issued its gold-backed stablecoin. The token will allow users to own physical gold digitally. The bank will record the ownership on the Ethereum blockchain - an immutable ledger used to record crypto transactions. Specifically, SEBA says that the token will give investors a more accessible way to hold gold. In particular, investors can use the token to…

Former hedge fund manager Raoul Pal said that Ethereum could finish the year above $10,000. However, he also thinks that there is a “decent chance” of “flipping” – referring to Ethereum becoming the most significant crypto by market cap, removing Bitcoin from first place. Moreover, he thinks that Ethereum’s competitors will do even better. Raul Pal is a former Goldman Sachs executive and co-manager or GLG, a London-based global macro hedge fund. He has since retired from his position and started…

As the Bitcoin-focused Jack Dorsey departs from Twitter, it appears his company is moving towards adopting other cryptocurrencies. A competent hacker recently dug into Twitter's code and unlocked a yet unannounced Ethereum-tipping feature. This follows a Twitter update from months ago that publicly enabled payment tipping through various methods, including Bitcoin. Ether Tips On Twitter? Jane Wong – a hacker famous on Twitter – quietly added her Ethereum tipping address to her account yesterday. Buzz began circulating as screenshot images…

Crypto billionaire Zhu Su said he had abandoned Ethereum hours before backtracking on his statements. On Sunday, the CEO of Three Arrows Capital, a Singaporean hedge fund, stated that, despite supporting Ethereum in the past, he would no longer do so in the future. He claimed that Ethereum had abandoned its users, especially newcomers to the network. https://twitter.com/zhusu/status/1462216210116853762 Su called out the founders of Ethereum specifically. He stated they are "already too rich to remember what they originally set out…

Ether reached its all-time high as crypto surged on new developments in the DeFi space. The second-largest crypto has reached an all-time high of over $4,700. Other major cryptocurrencies were up as well. Bitcoin was up 8% over the last week to $66,000. Many investors believe it will soon reach its all-time high of $67,000. Binance Coin surged almost 20% to $649, and Solana was up 23% to $250 over the last week. Ether was up just under 11% in…

JP Morgan – America’s largest investment bank – said that Ethereum now beats Bitcoin as an investment option. Interestingly, this comes shortly after the bank released a report arguing Ethereum's overestimation in comparison to BTC. Though it presents plausible arguments, there are also some holes in the banking giant’s logic. Ethereum Over Bitcoin? JP Morgan’s Argument JP Morgan’s market strategist Nikolaos Panigirtzoglou offered this analysis in a recent report, according to Markets Insider. As he argued, rising interests could make…