Ethereum

Etherscan is an independent blockchain explorer that has seen considerable growth in-line with the overall expansion of Ethereum's ecosystem. The platform functions kind of like a search engine for the Ethereum blockchain. Anyone can use this protocol to research, confirm, and validate transactions that have been confirmed on the Ethereum blockchain. The platform provides an easy way for regular users to navigate the distributed network. Consequently, its regarded as one of the most valuable resources available to Ethereum network participants.…

As more people continue to tag Binance Smart Chain as the "Ethereum Killer," Binance CEO Changpeng Zhao (CZ) has opined that the real Ethereum "killer" is no other blockchain but itself due to performance issues. In a recent Twitter thread, CZ noted that the success of ETH might become the cause of its downfall, not necessarily other cryptocurrencies. He wrote, "Vitalik once said (and there is a video of it somewhere), ETH killer is ETH. I believe he is correct,…

Cryptocurrency exchange Crypto.com has hit a global user base of 10 million, according to a recent report. This is a significant milestone for the exchange that has continued to add more products to its ecosystem.  Symbolic Milestone  Crypto.com revealed this milestone in a recent report detailing the exchange's growth in the past 12 months. According to the report, the exchange reached a global crypto user base of 10.6 million in January 2021.  The report stated that January 2021 resulted in…

 Swiss Bank Border & Cie SCmA has announced that it will offer trading in bitcoin and other cryptocurrencies. This heralds a new development for the Swiss bank as it looks to get a first-mover advantage in the growing crypto industry.  Crypto Service Facilitated by Sygnum Bank  Border & Cie SCmA revealed this latest development in a press release today, highlighting the different crypto features it would be offering. According to the report, Bordier has partnered with the Crypto-based firm Sygnum…

India's central bank, the Reserve Bank of India (RBI), is worried about the effect of cryptocurrencies in the region. The bank is also developing the digital rupee as it looks to join the list of countries with Central Bank Digital Currencies (CBDC).  Crypto Concerns from India's Apex Bank   RBI governor Shaktikanta Das echoed this latest concern in an interview with local news outlet CNBC TV-18 on Wednesday. Das revealed that the bank had significant problems with cryptocurrencies and had informed…

Bitcoin (BTC) suffered a significant dip in its price, dropping by more than 11% overnight. This dip took the market by storm, with over $1.6 billion liquidated in exchanges within 12 hours.  Bitcoin (BTC) Price Drops Sharply after ATH Bitcoin has been enjoying steady gains in the past two weeks after a reasonably stable end to January. Buoyed by solid fundamentals, the leading coin's price surged past the $50k on February 16 to herald a new bull run.  Since then, BTC's price…

The rise in private currencies like Bitcoin and Ethereum has forced Central Banks to develop Central Bank Digital Currencies (CBDC). However, a recent report from the International Monetary Fund (IMF) insists that Central Banks must coexist with private currencies for the finance sector to grow.  Central Banks and Private Digital Currencies  The IMF revealed this in a blog post where it analyzed the relationship between central banks and the private sector. It highlighted that cryptocurrencies grow more flexibly than central…

Since its establishment in July 2015 by Vitalik Buterin, Charles Hoskinson, and others, Ethereum has grown immensely to be the leading blockchain network regarding decentralized finance (DeFi) and smart contracts. Its native coin, Ether, is also the second most valuable cryptocurrency after Bitcoin. However, its massive growth has brought various challenges, notably network congestion due to scalability issues and exorbitant gas (transaction) fees, among other problems.  To solve the challenges that have continued to hamper the network's growth, Ethereum developers…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week's Summary The Crypto Market ends the week at a total market capitalization of $1,744 trillion. Bitcoin increased by over 17% to set a new ATH at $57,505. Ethereum increased by more than 8% to trade above $2,000 for the first time. XRP dropped by roughly 7% to trade below $0.52. Elon Musk continues to drive the BTC surge with tweets and obvious support for crypto. The DeFi…