Ether

TVLHealing

Crypto Markets Stabilize After $693B Sell-Off

Crypto markets have stabilized, ending a market free-fall that erased $693B from crypto’s market capitalization from May 5 to May 12. Crypto’s market capitalization fell from $1.81T on May 5 to lows of $1.12T on May 12. The market started to rise on Friday, and now rests at $1.28T, data from CoinMarketCap shows. The crash …

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Auction of Monet NFT Spurs Questions About Authenticity and the Future of Art

Michelangelo drew inspiration from the Greco-Roman statues of Classical antiquity to sculpt his masterpiece David. Van Gogh paid homage to the vibrant colors in the woodblock prints of Hokusai and Hiroshige. Great artworks of the past live beyond their creators to inspire great artworks of the future. Digital art and NFTs are no exception.  But …

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ShibaSwap Is Dragging Ethereum By the Tail

For any Defiers wondering why gas prices on Ethereum have been so high over the past few days, you can blame it on the dog — $SHIB, that is. The meme coin’s revival through a new swap protocol has driven traffic, and gas costs, through the roof. While most meme tokens that moonshot and then crash …

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SharedStake Down 95% After Insider Exploit

SharedStake, a decentralized ETH2.0 Staking-as-a-Service protocol, is in disarray after a suspected inside job.  In a series of transactions on June 19 and June 23, a ‘rogue developer’ withdrew $500K worth of SGT, the project’s governance token, from the team’s allocation. These tokens were locked in a vesting contract and were meant to be unlocked …

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Stakehound Accuses Fireblocks of Losing $74M of ETH

It’s a he said-she said scenario, and it’s about more than $74M in ETH. Stakehound, a service which gives users a synthetic asset to trade for their staked Ether, has accused Fireblocks, a digital asset security firm, of losing 38,178 ETH. The Ether, worth $74.4M at the time of writing, is staked in the ETH …

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Stablecoins Prove Their Worth During Crypto’s Slide

If a long bear market is truly beginning in cryptocurrencies, then be thankful for stablecoins. With the Defi Pulse Index (DPI) down 40% on the month and the overall crypto market losing a third of its market value, the stablecoin supply has continued to march upward. Stablecoin supply grew 21% in the last 30 days …

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Bitcoin Corrects as ETH Locked in DeFi Rebounds

After a week of record volumes for 2020, bitcoin’s price dropped on decreasing trading volumes. Meanwhile, assets locked in DeFi are recovering since the November dip – said to be due to the Ethereum 2.0 network upgrade. Bitcoin is trading around $22,770 (Bitfinex) at the time of writing, reclaiming some of the losses from the …

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