Nvidia CEO Huang: “Ethereum Is Going To Be Quite Valuable”

If you weren’t sure the stance for Nvidia CEO Jensen Huang when it comes to Ethereum’s upcoming shift to proof-of-stake, no need to question it further. Huang is clearly optimistic about Ethereum’s future. In an online-only Computex event, he fielded a variety of questions ranging anywhere from his thoughts on the metaverse to global semiconductor shortages. Huang: A ‘Reasonable Bull’ …

Cardano Deploys First Simple Smart Contract On AlonzoBlue Testnet

Cardano (ADA) has maintained part of its profits from the pre-crash weeks. At the time of writing, the fifth cryptocurrency by market cap trades at $1,50 with moderate losses in the weekly chart. ADA with moderate gains in the daily chart. Source: ADAUSDT Tradingview ADA moves with the general market sentiment, undecided, and with no clear direction. However, the bullish …

A New Era of Crypto: Digital Switchover 2.0

As cryptocurrencies begin to cement themselves into the wider financial system thanks to growing interest from previously wary institutional investors and blockchain technology’s increasing integration into our everyday lives, the way is being gradually paved for a world where all money and financial products are digital. The driving force behind the ultimate shift will undoubtedly be decentralised finance (DeFi), which …

Why Bitcoin Could Slingshot Back To Lows Before Gaining Momentum

Bitcoin price is making its best attempt yet to climb back above $40,000 since the big crash in May. Thus far, the phrase “sell in May and go away” has worked like a charm, and it could take longer before buying coins back again is a profitable strategy. That’s because the top cryptocurrency is struggling to hold above the middle-Bollinger …

May The Best Money Win? How Anti Bitcoin Countries React To Its Expansion

An opposite reaction to the “Bitcoin Law” passed by El Salvador and to its growing adoption was to be expected. Mainstream media has been replicating news on BTC alleged negative environmental impact, its use for illicit activities, and others. However, the Director of the Dutch Bureau for Economic Analysis, Pieter Hasekamp, might be the runner-up for the prize to the …

Zort Launches a Token That Powers Its Automated Trading Platform

Having a successful investing career in cryptocurrencies is quite hard. Even if you are a seasoned trader in Forex, commodities, or any other traditional market, you will find crypto to be a completely different animal. Many reasons account for this. The best-known one is the crypto’s relatively low capitalization. That means that the markets are not very liquid, which, in …

BNY Mellon’s James Taylor Takes Up New Role with Unizen Exchange

James Taylor, one of the leading lights at BNY Mellon, has quit his role at the global bank to take up a new position in crypto. All of Talyor’s business acumen accrued from years on the job will feed into his role with Unizen, where he will assume the newly created post of Chief Business Development Officer. Unizen’s smart exchange …

Will Bitcoin Mining Backed Volcano Bonds Be Enough To Ward Off The IMF?

El Salvador passed a bill making Bitcoin legal tender this week, putting it on equal footing with the country’s official national currency, the U.S dollar. While this was celebrated as a victory for Bitcoin, the International Monetary Fund (IMF) has since voiced its concerns with the move. During a press conference on the matter, IMF spokesperson Gerry Rice said: “Adoption …

TA: Ethereum Revisits $2,400, Here’s What Could Trigger More Downsides

Ethereum failed to surpass $2,600 and started a fresh decline against the US Dollar. ETH price is holding the $2,400 support, but it is likely to face sellers near $2,550. Ethereum made two attempts to gain strength above $2,625, but failed. The price is now trading well below $2,550 and the 100 hourly simple moving average. There was a break …

Kraken Reconsidering IPO

Does Coinbase’s mild direct listing performance have emerging crypto platforms thinking twice about going public? The latest comments from major cryptocurrency exchange Kraken might be suggesting so. In an interview with CNBC earlier this year, Kraken CEO Jesse Powell shared that the company was considering going public via a direct listing in 2022. Coinbase went public less than a month …