Ethereum News

BlockFi May Soon Reduce Interest Rates To 0 or Negative, Alternatives?

BlockFi – the centralized lending / borrowing service for crypto-assets particularly Bitcoin, recently lowered down it’s interest rate or Annual Percentage Yield (APY). The custodial service stated on it’s website that it’s because of the rising Bitcoin prices and falling demand for borrowing BTCs. It’s one of the services heavily promoted by many crypto-influencers, a…

Ethereum News

Ethereum Closing In on $2,800 As ETH 2.0 Deposit Contract Hit New ATH

On Thursday, the world’s second largest cryptocurrency by market cap, Ethereum surged in an indomitable bull rally. At press time, the coin was trading at a new all-time high of $2,760, a 2.89% gain in the last 24 hours. ETH currently has a market cap of $320 billion. Asset Manager WisdomTree Lists Ethereum ETP The…

Ethereum News

TradeFi: EU Bank Offers Bonds On The Public Ethereum Network

In a major development for the world’s largest smart contracts platform, the European Investment Bank has sold 2Y $121M of digital bonds, issued over the public Ethereum network through Goldman Sachs International, Santander, and Societe Generale on Apr 28. This news gives grants major credibility to the Ethereum blockchain as the global settlement layer and…

Ethereum News

Visa Ready To Storm Crypto Space ‘In A Very Big Way’, But Is It Snubbing Bitcoin and Ethereum?

Top tier global payment platform, Visa, is set to make a grand entrance into the crypto space with the adoption of only the USD Coin (USDC) as a means of payment and transactions on its platform. The platform over a month ago, made the announcement opting to accept only the USDC as against high-value market-leading…

Ethereum News

Ethereum EIP1559 Burner Deployment Set For July 14, ETH Goes Deflationary

Ethereum core developer Tim Beiko announced on April 23 that the highly anticipated London hard-fork and the included EIP1559 will likely go live by July 14. The EIP1559 upgrade will burn ETH tokens, relative to the fees generated on the network and will likely cause the ETH token to become deflationary i.e reduce supply by…

Ethereum News

DeFi Breakthrough – Dharma Offers A US. Based Dollars To DeFi Bridge

Dharma – the service providing direct DeFi access from the bank accounts announced on April 20 that its service now allows U.S. residents in all 50 states to buy and use DeFi services, directly from their bank accounts. Dharma is calling it the Dollars to DeFi service. The users are able to deposit $25,000 per…

Ethereum News

Ampleforth Fan? You Might Have Been Sent Thousands Of Dollars!

The crypto-world never ceases to amaze and Ampleforth fans were up for a grand treat, as they recently received the new FORTH governance token. FORTH allows the community to have a say in Ampleforth’s governance and get a vote to modify/change protocol’s parameters. So, if you have been a Ampleforth fan and interacted with the…

Ethereum News

Venmo Doesn’t Feel Bearish About The Current Market, Here’s Why You Shouldn’t Either

Venmo – the mobile and social payment company owned by Paypal doesn’t feel bearish about the market and neither should you. The leading payment processor announced on April 20 that it was launching a Fiat-On-Ramp service, which will allow user to purchase crypto-assets with even $1 minimum. It currently supports Ethereum, Bitcoin, Bitcoin Cash and…