Tag: Ethereum

Ethereum’s Co-Founder Vitalik Buterin makes waves with unusual ETH transactions

Ethereum co-founder Vitalik Buterin has made some intriguing financial moves recently, raising speculation about his intentions. According to blockchain monitoring platform Spot On Chain, Buterin transferred 999 ETH (worth $1.63 million) between Ethereum addresses. This comes after a series of deposits and sales over the past eight days, where Buterin deposited 1,602 ETH ($2.68 million) […]

Matter Labs CEO calls for ‘Ethereum Supreme Court’ for on-chain dispute

Matter Labs co-founder and CEO, Alex Gluchowski, has suggested the creation of an “Ethereum Supreme Court.” This on-chain court system would serve as a final destination for resolving disputes related to smart contracts, similar to the United States Supreme Court. Gluchowski believes that such a system would deter bad actors, strengthen the Ethereum network, and […]

New York court just called Ethereum and Bitcoin as Commodities

A New York court has dismissed a proposed class action lawsuit against decentralized crypto exchange Uniswap while classifying two major cryptocurrencies, Ethereum (ETH) and Bitcoin, as commodities. The lawsuit, filed in April 2022, claimed that Uniswap violated U.S. securities laws by operating as an unregistered exchange and offering securities without proper registration. The court ruling […]

Robinhood is the 5th largest Ethereum whale with 1.7 million ETH in bag

Robinhood, the popular trading and investing platform in the United States, has emerged as the fifth-largest holder of Ethereum (ETH) with 1.72 million ETH in its digital wallet. This amounts to approximately $2.93 billion based on current prices. It is unclear whether Robinhood directly owns these coins or if it custodies them on behalf of […]

Ethereum’s massive adoption puts it on top in the battle for Stablecoins, says Bloomberg

According to a crypto market analyst at Bloomberg Intelligence, Jamie Coutts, Ethereum (ETH) is expected to emerge as the winner of the “stablecoin wars” due to its massive adoption trends. Coutts asserts that Ethereum, along with its layer-2 projects such as Optimism, Base, and Arbitrum, outperforms all other alternative networks in terms of network-adoption metrics. […]

Ethereum prices surge as whale swiftly snaps up 8,000 ETH: what’s next?

Following a spike in Ethereum’s price on August 29, a whale swiftly purchased 8,000 ETH at $1,709, spending $13.66 million USDC. ETH prices continue to rise, currently trading at around $1,740. The favorable appellate court ruling in the case involving Grayscale and the SEC has shifted trader sentiment and may lead to further gains for […]

Vitalik Buterin moved $6 million worth of ETH in a month – but why?

Vitalik Buterin, the co-founder of Ethereum, has transferred a total of 3,000 ETH (approximately $4.9 million) to a labeled address called Vb 2. This recent transaction increases the total value of ETH in that wallet to around 3,018 ETH, valued at $5 million. The reasons behind the transfer and the identity of the recipient remain […]

Elon Musk wants to make X better than PayPal — but is that possible?

🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰  💰Lindsay Lohan, Jake Paul, Lil Yachty Face SEC Charges for Boosting Coins!  😢 OnlyFans’ Ethereum Holdings Plunge Over 50% in 2022, $8.5M Goes […]

OnlyFan Invests $20 million in Ethereum but all in loss

OnlyFans’ parent company, Fenix International, has revealed that it purchased nearly $20 million worth of Ethereum (ETH) between 2021 and 2022. However, due to the decline in crypto asset prices, the value of its Ether holdings decreased by $8.5 million by November 2022. As of November 30, 2022, the carrying amount of Fenix International’s ETH […]