Author: msmark

GoDaddy Inc., a leading domain registration and web hosting company, has partnered with Ethereum Name Service (ENS) to facilitate connecting traditional domain names with blockchain-based .eth names.The collaboration was announced in a press release on Feb. 5. It aims to allow the seamless connection of the Domain Name System (DNS) with blockchain technology, enabling over 20 million GoDaddy users to access the benefits of ENS infrastructure without incurring additional costs or requiring technical expertise.Paul Nicks, GoDaddy’s president of domains, said the collaboration is a merger of domain and blockchain technologies that will allow domain users to explore the latter’s benefits…

Crypto-related investment products saw a notable upswing in inflows last week, totaling a substantial $708 million, according to CoinShares’ latest weekly report.This positive shift reverses two consecutive weeks of outflows from the industry, bringing the total Year-to-date flow to an impressive $1.6 billion. Altogether, the global assets under management for these products have risen to $53 billion.“Trading volumes in ETPs fell to $8.2 billion compared to the prior week’s total of $10.6 billion, although remain well above the $1.5 billion week average in 2023. These volumes comprise 29% of Bitcoin’s total trading on trusted exchanges,” CoinShares Head of Research James…

Ethereum (ETH), the second largest cryptocurrency asset, is anticipated by several well-known analysts in the crypto industry to undergo a price surge in the upcoming months as the market is seeing a wave of bullish momentum. Ethereum Poised To Go Parabolic In The Upcoming Months Altcoin Daily crypto analysts have revealed three major factors that could propel the price of Ethereum in the coming months. The analysts shared their optimistic insights for ETH in a recent episode – “Ethereum price is still ready to explode” on YouTube. According to the Altcoin Daily analysts, Ethereum is expected to reach $4,000 in…

In 2023, the blockchain security landscape witnessed a $50 billion drop in lost crypto assets, depicting a shift towards enhanced security protocols and the maturation of the DeFi ecosystem.According to crypto security firm Hacken’s end-of-year report, last year marked a notable reduction in the scale of financial damages from hacks and scams. Total losses amounted to $1.9 billion, starkly contrasting the staggering figures recorded in previous years. The decrease in lost value signals a significant advancement in the industry’s efforts to fortify security measures and address vulnerabilities more effectively.Across the industry, BNB Chain was subjected to the most attacks, at…

Ethereum is currently trading at $2,290 and is on a marginal increase of $0.17 in the past week. Although lacking much action and trading around $2,300 for most of the week, on-chain data regarding outflows has revealed the current sentiment among traders. According to data from on-chain analytics company IntoTheBlock, $500 million worth of ETH was withdrawn from centralized exchanges this week, bringing the total outflow in the past month to $1.2 billion. Surge In Ethereum Outflow From Exchanges  Ethereum went on an unforeseen price growth subsequent to the approval of spot Bitcoin exchange-traded funds in the United States. Consequently,…

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has seen a significant exodus from centralized exchanges in recent weeks, with data suggesting a growing preference for holding the asset outside of trading platforms. At the time of writing, ETH was trading at $2,289, down 0.7% in the last 24 hours, but managed to gain 1.6% in the last week, data from Coingecko shows. Ethereum Outflow Hits $1.2 Billion According to blockchain analytics firm IntoTheBlock, a staggering $500 million worth of ETH exited exchanges last week, contributing to a total outflow of $1.2 billion for the entire month of January.…

Solana-based Jupiter airdrop has generated substantial excitement, driving decentralized exchange (DEX) trading activity on the layer1 blockchain network beyond that of Ethereum.Data from DeFillama shows that Solana-based DEXs facilitated trades totaling $1.14 billion in the last 24 hours, surpassing the approximately $1.13 billion traded on Ethereum-based platforms during the same period.This achievement underlines the remarkable growth and widespread adoption witnessed within Solana’s DeFi ecosystem, capturing the crypto community’s attention. Notably, last December marked the first instance of Solana DEXs outpacing Ethereum, propelled by heightened memecoin and stablecoin activity.While the daily figures demonstrate Solana’s momentary lead, it’s essential to note that…

Ethereum developers are gearing up to set a mainnet launch date for the Dencun upgrade on Feb. 8, marking a pivotal moment for the blockchain with the introduction of several Ethereum Improvement Proposals (EIPs), including the much-anticipated proto-danksharding. The upgrade aims to significantly reduce transaction costs on layer-2 solutions, heralding a new era of efficiency and scalability for Ethereum. In an update shared on Reddit on Feb. 1, core Ethereum developer Tim Beiko reflected on the successful testing of the Dencun upgrade. The All Developer Execution Call (ACDE) 180 shed light on the smooth execution of the Sepolia fork on…

A trader managed to turn five Ethereum (ETH) into $3.3 million buying and selling PORK token. In the latest display of trading acumen, a savvy market participant has executed a stunning financial maneuver transforming a mere five Ethereum — valued at approximately $12,000 — into a staggering $3.3 million fortune within the span of only three days. Analysts at Lookonchain closely followed this trader’s strategic play, noting that the windfall was achieved through a timely investment in the newly launched PepeFork (PORK) cryptocurrency. Details emerging from Lookonchain reveal that the trader’s foray into PepeFork’s market began a mere seven minutes…

Solana price moved above the $100 milestone on Jan. 30; rising defi volumes and positive sentiment surrounding the upcoming Jupiter airdrop could propel it further. On Jan. 30, Solana’s price briefly broke the $100 barrier for the first time in 2024. However, barely 48 hours later, on Feb. 1, crypto prices dipped after Fed Chief Jerome Powell made a statement hinting at postponing rate cuts beyond March 2024 as widely predicted.  Solana price fell 12.5% on Fed Chief Jerome Powell’s statements In the aftermath of the Federal Open Market Committee (FOMC) meeting, Powell’s statement triggered a significant pullback across crypto…