Ethereum Archives - Cryptolifedigital

Exclusive: Insights from the Latest Crypto Price Analysis of ETH, XRP, ADA, SHIB, and DOGE

12Apr

By Kayode Oke MichaelNo Comments

Cardano, Cryptocurrency, Dogecoin, Ethereum, Ripple News, Shiba Inu

Exclusive: Insights from the Latest Crypto Price Analysis of ETH, XRP, ADA, SHIB, and DOGE

In this week's analysis, we will look deeper into the technical aspects of some of the most popular cryptocurrencies in the market with the aim to provide expert insights on the performance, features and potential of these digital assets taking into consideration their underlying technologies, developmental roadmap and market trends Ripple (XRP) XRP has been stuck in a range between 54 cents and 68 cents. This week, the price increased by 5%, but it lacks the momentum to challenge the key resistance. At present, XRP is hovering around 60 cents, placing it in the middle of this range, and more sideways price action is expected in the future. XRP has struggled to attract market participants' attention, which is reflected in its price action that has lacked clear momentum for months. A b...

PayPal Introduces Stablecoin-to-Fiat Option, Simplifying International Money Transfers

4Apr

By Kayode Oke MichaelNo Comments

Crypto Exchanges

PayPal Introduces Stablecoin-to-Fiat Option, Simplifying International Money Transfers

PayPal, the payment giant, has announced that its customers in the US can now use its stablecoin to fund international payments. The company's virtual token, PayPal USD (PYUSD), runs on Ethereum and is a dollar-pegged stablecoin backed by cash equivalents and short-term treasuries. Paxos Trust Co. issued the token, and PayPal launched it last year. Read Also: A Golden Chance For Wealth As Dogecoin, Others Make Double Digit Gain PYUSD's market cap is currently at $109 million, making it smaller than other stablecoins such as Tether's USDT, which has a market cap of $106 billion. Customers can now convert PYUSD to dollars and then send money to recipients in approximately 160 countries via PayPal's Xoom payment platform, with no fees. PayPal's SVP of the blockchain, cryptocurrency, ...

XRP Set To Overtake Ethereum According To Market Crypto Watcher

21Sep

By Daniel AbangNo Comments

XRP News

XRP Set To Overtake Ethereum According To Market Crypto Watcher

Dark Defender's most recent investigation uses the Elliott Wave Theory and considers XRP's price developments against Ethereum on the month-to-month time period. The investigation is a development of his previous posts on the ongoing circumstances of the XRP/ETH market. Previous Examination His first examination in this series was in mid-July after XRP energized to the $0.93 high on the rear of the lawsuit triumph. Dark Defender affirmed that this XRP price spike permitted the asset to break over a well-established five-year opposition on the XRP/ETH graph. The examiner underlined that XRP had started flipping Ethereum as he drew five Elliott Waves on the week-after-week graph. XRP had proactively finished the initial two waves and was on target to finish the third wave, which would s...

Vitalik Buterin Reveals Concerns about ETH Staking Protocol, Cardano’s Charles Hoskinson Expresses Amazement

3Jul

By OLAJIDE SAMUELNo Comments

Cardano

Vitalik Buterin Reveals Concerns about ETH Staking Protocol, Cardano’s Charles Hoskinson Expresses Amazement

In a recent episode of the Bankless Podcast, Vitalik Buterin, the lead creator of Ethereum, made a surprising revelation about his approach to staking his ETH holdings. Buterin disclosed that he only takes a small portion of his ETH, citing safety concerns with the Ethereum staking protocol. Buterin Express Half trust on ETH staking, Hoskinson reacts Since its inception in 2015 as a proof-of-work (PoW) network, Ethereum made the transition to a proof-of-stake (PoS) consensus mechanism in 2022. This shift allowed users to stake their native token, ether (ETH), to earn rewards. However, Buterin expressed reservations about fully trusting the ETH staking process due to certain safety issues, particularly the risk of wallet key exposure. Read Also: Shiba Inu (SHIB) Shows Neutral Sentiment...

Bakkt Delists Cardano, Polygon, and Solana, but Shiba Inu Survives

16Jun

By CryptolifedigitalNo Comments

Shiba Inu

Bakkt Delists Cardano, Polygon, and Solana, but Shiba Inu Survives

In a surprising move, Bakkt, a prominent US-based cryptocurrency exchange, has decided to delist several billion-dollar valued cryptocurrencies from its platform. However, amidst this delisting spree, Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, has managed to retain its place among the available tokens for trading. The decision to remove Cardano (ADA), Polygon (MATIC), and Solana (SOL) from the Bakkt platform comes as the exchange aims to address concerns regarding unclear regulatory oversight and ensure compliant token offerings. Bakkt's general counsel and secretary, Marc D'Annunzio, emphasized the need for greater transparency before offering a more extensive list of coins compliantly. Read Also: Binance Flexible Loan Announces Closure of PEPE Loan Positions, Urges...

Against All Odd XRP May Hit $5: The Only Coin To Pass Eth’s Market Cap

30May

By Daniel AbangNo Comments

Ripple News

Against All Odd XRP May Hit $5: The Only Coin To Pass Eth’s Market Cap

XRP may hit $5 in the foreseeable future since it is the only coin to pass Eth’s, Market Cap. This was disclosed by Mason Versluis, a renowned crypto podcaster and the founder of Gold Squad. This was made known in his expression of confidence in the potential of XRP as the only coin to have passed the Ethereum market Cap. Versluis recently tweeted that it will be easy to make a mockery of anyone that suggests that XRP would ever be able to hit $5. This is because XRP needs a price surge of close to 900% from its current price to be able to hit $5 in the nearest future. It may sound satirical to Some proponents about the asset’s capability to reach such an extent. Read Also: It is Illegal to Impersonate a Judge; Ripple CTO Warns Top XRP Community Member https://twitter.com...

12Apr

By OLAJIDE SAMUEL1 Comment

Crypto Guides

Relationship Between Ethereum And NFTs

Ethereum is the most widely used blockchain platform for the creation and trading of non-fungible tokens (NFTs). NFTs have become increasingly popular in recent years, with the market for NFTs reaching over $2 billion in the first quarter of 2021. Ethereum's smart contract functionality, security, and community make it the ideal platform for NFTs. In this article, we'll explore why Ethereum is paramount for NFTs. Smart Contract Functionality Ethereum's smart contract functionality is one of the key reasons why it is the preferred platform for NFTs. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts on Ethereum allow developers to create NFTs that are programmable, meaning they ca...

Germany-based SAP SE To Enable Shiba Inu Payroll Payment Alongside Few Other Cryptos Via BitPay

18Oct

By CryptolifedigitalNo Comments

Shiba Inu

Germany-based SAP SE To Enable Shiba Inu Payroll Payment Alongside Few Other Cryptos Via BitPay

According to a recent tweet shared by a giant payment provider, BitPay, saying the Germany-based enterprise application Software Company SAP SE partnered with BitPay to offer Shiba Inu (SHIB) payroll payments. It is worth noting that Shiba Inu’s Partner, BitPay, recently chose the Germany-based enterprise apps software company SAP SE as a future work partner to enable crypto payroll payments. Read Also: Users Can Now Create XRP Account On Metamask: PeerSyst Technology https://twitter.com/BitPay/status/1582110309573017600 It is good to know that via this collaboration, the Germany-based Software company will enable payroll payment on 15 cryptocurrencies, including Shiba Inu, Bitcoin (BTC), Ethereum (ETH), and others. Notably, the new development came following the growing...

The First Stage Of EVM-Compatible XRP Ledger Goes Live

17Oct

By CryptolifedigitalNo Comments

Blockchain, Ripple News

The First Stage Of EVM-Compatible XRP Ledger Goes Live

In a recent tweet shared by RippleX, Introducing the first phase of bringing an Ethereum Virtual Machine (EVM) sidechain to the XRP Ledger. The XRP ledger seems to have been behind the curve in blockchain interoperability with the EVM, despite seeing massive growth in recent years. The whole thing will enter another level as the launch of the testing phase of XRPL’s EVM-compatible sidechain, as announced by the official Twitter account of XRPL Developers, RippleXDev. Read Also: Binance Exchange Remains Committed To Its Promise To LUNC Network As It Burns Over 2.5 Billion LUNC Tokens https://twitter.com/RippleXDev/status/1581998430246690817 It is worth noting that Ethereum presently holds the position of the most versatile and utilized blockchain in cryptocurrency. As popu...

Ethereum’s Price Experiences A Spike Following The Whales’ Deposit On Exchanges

4Oct

By OLAJIDE SAMUELNo Comments

Ethereum

Ethereum’s Price Experiences A Spike Following The Whales’ Deposit On Exchanges

Contrary to the expectation of the crypto industry, Ethereum's Price has not been encouraging post-merge, although there has been an increase in price which was traced to the massive deposit made by the Ethereum whales. In a recent tweet made by the CryptoQuant, the recent spike in price from the low $1,300 to $1,353 is traced to the massive deposit made by the Ethereum whale into the exchanges. Read Also: The LUNC Community Is Displeased With The Idea Of Terra Classic Re-Peg Proposal: Here's Why Per CryptoQuant; “Whales deposit Ethereum into the exchange and raise prices to sell it at a higher price,” he asserted. https://twitter.com/cryptoquant_com/status/1577128372278378498 CryptoQuant also noted how the Whale behaviour has in times past led to an Ethereum price p...