Ether Breaks $2,500 for the First Time in Wake of Berlin Fork
Ether (ETH, -0.25%) continued its rally on Thursday after the Berlin hard fork on the Ethereum blockchain went live earlier the day, surpassing $2,500 for the first time in history.
- The No. 2 cryptocurrency by market capitalization was traded around $2,498.91 at press time, just slightly down after it briefly went as high as $2,503.92.
- Ether’s price has been outperforming bitcoin (BTC, -1.71%)‘s on Thursday, as the Ethereum blockchain’s much anticipated Berlin hard fork went live early the day.
- The upgrade, which sets up the network for the much bigger London hard fork in July, incorporates four Ethereum Improvement Proposals (EIPs).
- The hype around ether is also reflected in the derivatives market, as open interest in ether’s options market rose to a record high above $3 billion on Wednesday.
- The late-day surge also could be due to news that the Rothschild Investment took at initial $4.75 million stake in the Grayscale Ethereum Trust. Grayscale is owned by CoinDesk parent company Digital Currency Group.
Recommended News
-
SIGNAL, the Blockchain for 5G Network
SIGNAL has designed a blockchain around a self-verifying network of gateways that provides message provenance, microtransactions, and open access to anyone. A technology that uses blockchains and tokens to incentivize user and businesses to run 5G version of its network. It is expected to meet the needs of high throughput and serve complex, decentralized, high-performance 5G inter-connectivity, creating environments that will enable the next era of technological innovation, products, and services — the Internet of Things (IoT), Smart Cities, Smart Manufacturing, Cloud VR/AR, and Healthcare. Besides that, SIGNAL…
Business 08/24/2021 -
Distributed password authentication systems may be the dark horse of the out-of-the-loop circuit in the future DPAS first in the world is about to see a new wave
On April 25, core members of the DPA community stated in the community that the distributed password authentication track, as a future hotspot, can only bring a new wave of boom if there is innovation at the application level. DPA (Distributed Password Authentication) is the world’s first decentralized distributed cryptographic identity authentication system in line with digital financial standards and distributed blockchain, with reference to the architecture standard decentralized public blockchain ecosystem, fully considering the technical characteristics of identity authentication and network ecological construction needs, in user credit identity management,…
04/29/2021 -
CoinW’s co-branded world-class fighting champion limited NFTs, are now available on OpenSea.
The Kunlun fight & Chan FC World Fighting Championship Dubai ended perfectly on June 25, 2022. The championship was sponsored by CoinW, the world’s leading cryptocurrency exchange, and brought together internationally famous fighters to provide fight fans with a blood-curdling feast for the senses. After the competition, CoinW and Kunlun fight’s co-branded limited NFTs were officially launched on Opensea, setting off a rush of purchases by users. Collection of world-class fighting moments: According to the official introduction by CoinW, the content of the NFT on sale is a collection of…
06/26/2022 -
Major Australian ‘Buy Now Pay Later’ Firm May Offer Crypto Trading: Report
One of Australia’s largest buy now, pay later companies is reportedly looking at a move into stock and cryptocurrency trading. According to a report by the Wall Street Journal on Tuesday, Zip Co.’s co-founder Peter Gray said his company was looking at providing trading services through its native app in a bid to further engage its typically young consumers. The co-founder did not specify when the offering would launch or whether services for stocks would be released before cryptocurrency. Instead Gray suggested Zip would first roll out the services to its U.S….
04/15/2021 -
The Vision of Ethanim: Building New Public Chain for the Metaverse
As the advanced version of the digital era, many metaverse applications using multiple digital technologies are approaching us. Blockchain technology makes digital identity unique and digital asset confirmation also becomes possible. It builds a trustworthy economic form and also accelerates the development of metaverse. In the past six months or so, the metaverse conceptual application represented by crypto games has been noticed. Traditional game developers have introduced digital assets and NFT based on blockchain technology into the game precisely to form a new metaverse conceptual game with unified value and…
01/21/2022 -
The Real Problem With Crypto
The problem with crypto is not that it is a scam. Or a bubble. Or used in any significant way today to evade taxes and finance terrorism. The problem with crypto is it presents a viable alternative to monetary monopolies by national governments. A viable alternative to banks and other financial institutions. A viable alternative to intermediated exchange. Pondering Durian is a tech-focused investor and writer who explores connections involving the U.S., China, and Emerging Asia (India and Southeast Asia) in the Emerging newsletter and blog. The real problem – for politicians, nation-states…
03/25/2021 -
The dark horse of the decentralised storage industry, crushing the FIL, what is the MACCion FIL II all about?
MACcoin FIL II, invested by Stanford University and Yale University’s investment advisor, is about to start mining, and has already received investments from Slow, Collab Crypto, IDEO and Naval RavikantToken Titan (Titan Capital), HWLLO CAPITAL (Haru Capital), HONGLIAN CAPITAL (Red Chain Capital) NEXT BLOCKCHAIN CAPITAL (NBC Capital), EFUND, Sky Chain Capital and other institutional investment. Becoming a file coin miner is an opportunity for community members to help store and preserve access to humanity’s most important information. By providing network security and infrastructure, MACCion FIL II miners help to build…
05/04/2021 -
In order to build the Mobius ring planet, Baidu Xirang will soon issue XR, the token of Xirang.
The direction of Baidu Xirang’s efforts is to become a metaverse engine, providing AI and cloud computing capabilities for Xirang and other metaverse products, and the token XR (1 billion pieces) will be issued soon. Metaverse’s real-time high-brush immersive experience screen effects and multi-person interactions in the same space require massive computing power, algorithm support, and a lot of R&D investment. Therefore, technical strength will become a key part of future Metaverse competition. Baidu has maintained high-intensity R&D investment for a long time. XR will become the only token in…
Business 01/15/2022 -
Coinfans Cloud hashrate leads the digital mining Bitcoin bull market feast
Cloud hashrate mining has become the mining choice of more and more miners in the past two years. Especially in the current period when currency prices continue to soar and break new highs continuously, Cloud hashrate mining has become an important magic weapon to seize the Bitcoin bull market. Cloud hashrate mining, as the name suggests, usually refers to the computing power leasing service provided by large mining farms. Miners users can purchase computing power contracts on the mining platform, thereby earning the bitcoins mined by the corresponding computing power. www.bi-fans.com…
03/21/2021 -
Bitcoin Transfer Worth $806M Might Reveal Big Institutional Purchase
Digital-asset traders and analysts were scrambling Tuesday to assess a fresh data point extracted from the Bitcoin blockchain: Some $806 million worth of the cryptocurrency apparently transferred earlier in the day off of the Coinbase exchange’s institution-focused unit, Coinbase Pro. The jury is out on what it means. It could be that a large investor or several just completed a fresh round of buying and now are taking the bounty off the exchange for long-term holding or other purposes. Or it might be something else more innocuous, such as an…
03/23/2021