Connect with us

Blockchain

70% Of ETH Addresses Are In High Profits, Setting Two-Year High

Avatar

Published

on

ADVERTISEMENT

About 70% of ETH addresses are in high profits right now, setting a two year high as Ethereum skyrockets in value, as we are reading today in our Ethereum latest news.

ETH’s surge to more than $300 created the most profits for about 70% of ETH addresses in over two years if we take into consideration the on-chain data. Glassnode analysis said that today’s 71% of tracked ETH wallets are “in profit” which breaks the previous high of 68.17% seen one day ago. Some positive factors supporting the price surge include the overall favorable view of Ethereum’s technology and the latest Visa Announcement of building new applications on Ethereum while at the same time bitcoin was ruled “money” from a US-based court.

Institutions are accumulating as Fidelity Investments survey the year and concluded 11 percent of all surveyed American and British money managers are holding ETH. Industry observers say that DeFi contributes to most of the bullishness in Ethereum and it’s just a matter of time before the network over which the Defi projects are built on finally catch on with the true value.  It’s even caused some of the most prominent Bitcoin holders to accumulate ETH as Raoul Pal for example who is an Ex-Goldman Sachs alumni and the founder of Real Vision:

ADVERTISEMENT

 “I am getting increasingly bullish on Ethereum. ETH is the silver to Bitcoin’s gold. It has more industry uses and less store of value uses (…) ETH is all about adoption rates and usage. Basically, it’s all down to something called DeFi.”

The DeFi tracker shows nine out of ten projects that operate on Ethereum which creates a strong fundamental for the network considering billions are now locked in the blockchain. Despite the rise in projects such as Aave, Band, and YFI, the overall DeFi sector slightly dipped in the previous week as investors lost about 11 percent. Some such as FinNexus gave more than 50 percent returns while Aave lost 16 percent.

defi projects
Barring one, all top DeFi projects are based on Ethereum

The mainstream media is starting to take attention and it reported on the DeFi effects for millions of traders with a strong twist towards Yield Farming. The media also explored multiple DeFi projects and the APY’s on some of them including the risks involved. Ethereum trades at $309 at the time of writing.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/ethereum-news/70-of-eth-addresses-are-in-high-profits-setting-two-year-high/

Blockchain

A senior BOJ official says the digital yen needs public support for it to become a reality.

According to the Bloomberg report, a senior Bank of Japan’s official said that there is no final decision has been made yet even after the announcement of testing to start next year. The official revealed that a lot depends on the public support for it to go ahead with its central bank-backed digital currency. Kazushige […]

Avatar

Published

on


A senior BOJ official says the digital yen needs public support for it to become a reality. – Coinnounce




























The central bank of Japan’s move to launch a digital currency would be conditional on public support, according to a senior BOJ official.


Enable Notifications
  

Ok


No thanks


Source: https://coinnounce.com/bank-of-japan-official-says-cbdc-needs-public-support/

Continue Reading

Blockchain

Japanese soccer star Keisuke Honda launches his own crypto

Crypto and blockchain matter for the global soccer community.

Avatar

Published

on

A Japanese professional soccer player is launching his own cryptocurrency to boost fan engagement.

Keisuke Honda, former Japan midfielder and currently a captain of the Brazilian professional league team Botafogo, has launched his own token to build new connections with his fans, Cointelegraph Japan reported on Oct. 22.

The so-called “KSK Honda Coin” was launched on Thursday via Rally.io, a blockchain platform for creating video streaming and gaming applications. The new coin is intended to enable fans to interact with Honda.

Holders of KSK Honda token will be able to get exclusive content from Honda as well as interact with the player via private channels on Discord. “We decided to create a social token to build new connections with our most loyal fans,” Honda said.

The world-known soccer player said that the new token will allow him to connect with fans in a more open manner, providing a 100% transparency in knowing who holds coins in the fan community.

The global soccer community is moving deeper into the crypto and blockchain industry in search of new ways of connecting stars with their fans.

On Oct. 15, a top soccer club in Russia’s Premier League — Zenit St. Petersburg — signed on to the blockchain-based gaming platform Sorare to issue collectible and tradeable digital cards. In September 2020, Italian professional sports club SS Lazio signed a multiyear deal with crypto trading platform StormGain, enabling new fan engagement options through crypto.

Source: https://cointelegraph.com/news/japanese-soccer-star-keisuke-honda-launches-his-own-crypto

Continue Reading

Blockchain

Grayscale invests $300m in a day to grow its crypto portfolio

Grayscale Investments continues to grow its cryptocurrency portfolio by adding $300 million in assets…

The post Grayscale invests $300m in a day to grow its crypto portfolio appeared first on Coin Journal.

Avatar

Published

on

Grayscale Investments continues to grow its cryptocurrency portfolio by adding $300 million in assets under management (AUM) in a day

Grayscale Investments revealed that it had added $300 million worth of cryptocurrencies to its digital assets portfolio over the past 24 hours and over $1 billion in the last week. This information was relayed by Grayscale CEO Barry Silbert via a tweet yesterday.

The crypto fund manager noted that it had $6.3 billion in AUM as of October 15. However, it has added $1 billion in cryptocurrencies over the past week, and the company now controls $7.3 billion worth of digital assets.

Silbert stated that the company “Added a cool $300 million in assets under management in one day. The additional sum brings the total assets held under management to $7.3 billion”.

The funds are held in the company’s trust for Bitcoin (BTC) and Ethereum (ETH), in addition to Grayscale’s digital large-cap fund. This latest development comes less than 48 hours after PayPal announced its entry into the cryptocurrency market, with Bitcoin surpassing the $13,000 mark afterwards.

Each Grayscale report is delayed by 24 hours, which means that this data refers to the previous day’s figure.

The cryptocurrency funds manager reported that its Litecoin (LTC) Trust recorded the highest growth since the last report. Grayscale reported that its LTC Trust increased by 7.5%, while their Zcash (ZEC) Trust increased by more than 6% over the past 24 hours. Grayscale also has extensive holdings in other cryptocurrencies such as Ripple (XRP), Ethereum Classic (ETC), Bitcoin Cash (BCH), Horizen (ZEN) and Stellar Lumens (XLM).

Grayscale might be increasing its cryptocurrency holdings after raising massive funds in the third quarter of the year. Grayscale’s financial report for Q3 2020 revealed that it had bought over $1 billion in investment across all its cryptocurrency trusts. This year, Grayscale has raised $2.4 billion, which is more than twice the total amount they obtained for the years 2013 – 2019.

The investment firm revealed that 81% of investment in the third quarter came from institutional investors, while another 57% came from people investing in multiple products.

With the crypto fund manager now holding over $6 billion in AUM, it means that Grayscale controls around 2.5% of the total Bitcoin supply, currently above 18,000 BTC. The Bitcoin supply is capped at 21 million, which means that roughly 2.5 million bitcoins are left to be mined.

Grayscale isn’t the only company that is increasing its stakes in cryptocurrencies at the moment. MicroStrategy recently bought $425 million worth of Bitcoin, and Jack Dorsey’s Square Inc. invested $50 million in Bitcoin.

Source: https://coinjournal.net/news/grayscale-invests-300m-in-a-day-to-grow-its-crypto-portfolio/

Continue Reading
Energy49 mins ago

$172 Million Worldwide Friction Stir Welding Equipment Industry to 2027 – Impact of COVID-19 on the Market

Energy56 mins ago

Three Verdant Power Tidal Turbines Deployed in New York City’s East River

Energy1 hour ago

Kennametal to Attend Baird 2020 Global Industrial Virtual Conference

Energy1 hour ago

Worldwide Thermal Energy Storage Industry to 2025 – Featuring Abengoa, Baltimore Aircoil & Brightsource Energy Among Others

AR/VR2 hours ago

Competition: Win Either Angry Birds VR or Acron: Attack of the Squirrels! for Oculus Quest

Cyber Security2 hours ago

How Comodo’s Auto-Containment Technology Is Helping an IT Company Provide Ransomware Protection to Clients

AR/VR3 hours ago

Beat Saber Multiplayer for PlayStation VR Arrives Early 2021

AR/VR4 hours ago

The VR Game Launch Roundup: A Horrifyingly Tasty Selection

Blockchain News4 hours ago

Microstrategy CEO Reveals BTC Purchase is Corporate Strategy to Adopt Bitcoin Standard

Brazil
Esports4 hours ago

BOOBIE joins Yeah

Energy5 hours ago

EPRI Joins International Consortium to Overcome Barriers to Renewable Energy Integration

Energy5 hours ago

Global Boring Tools Industry (2020 to 2027) – Market Trajectory & Analytics

Esports5 hours ago

Betway Nine to Five 5 Swiss Stage Fantasy live with prizes

Energy6 hours ago

Antimicrobial Coatings Market Size is Anticipated To Reach USD 11.6 Billion By 2027 – Valuates Reports

Energy6 hours ago

Modular Uninterruptible Power Supply (UPS) Market worth $6.0 billion by 2025 – Exclusive Report by MarketsandMarkets™

AR/VR6 hours ago

HTC’s Cher Wang Given ‘Accenture VR Lifetime Achievement Award’ by AIXR

Energy6 hours ago

Global $3.4 Billion Aerosol Valves Market to 2027: Rise in Demand for Innovative Product Dispensing Technology & Product Differentiation

Crowdfunding6 hours ago

Taking LSD Could Help Your Career

Russia
Esports7 hours ago

Natus Vincere defeat Gambit to set up IEM New York CIS semi-final bout against Virtus.pro

Energy7 hours ago

Global $6.7 Billion Automated Storage & Retrieval Systems Market to 2025

Energy8 hours ago

Duke Energy announces dividend payments to shareholders

Energy8 hours ago

Lighting Control System Market Size is Projected to Reach USD 29990 Million by 2026 – Valuates Reports

Energy8 hours ago

Surge Energy America Recognized on Houston Business Journal’s Best Place to Work List

Energy8 hours ago

WAAREE spreads its wings globally, opens franchisee in Africa

Ecommerce8 hours ago

Revuze, the first SaaS Consumer Insights eCommerce Platform

AR/VR8 hours ago

Create Games With Your Voice Inside the Anything World Beta

Blockchain News9 hours ago

Bitcoin Price Bull Run Sees Grayscale Investments add $300M AUM in One Day

Blockchain News9 hours ago

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Blockchain10 hours ago

A senior BOJ official says the digital yen needs public support for it to become a reality.

Blockchain News10 hours ago

PayPal May Buy Digital Asset Custodian BitGo Following Crypto Market Entry

Blockchain10 hours ago

Japanese soccer star Keisuke Honda launches his own crypto

Blockchain News11 hours ago

Blockchain Allowed 17 Million People to Travel Between Macau and China During Coronavirus

Blockchain11 hours ago

Grayscale invests $300m in a day to grow its crypto portfolio

Blockchain11 hours ago

VeChain candlestick pattern suggests VET ready to explode above $0.015

Blockchain11 hours ago

Russia doesn’t need to be first with a digital currency, says state expert

Blockchain11 hours ago

Russian public officials are now required to declare their crypto holdings as income.

Blockchain13 hours ago

A ransomware attack targets the government systems of Georgia’s Hall County.

Blockchain14 hours ago

Michael Saylor claims the company will hold Bitcoin for ‘100 years’

Blockchain15 hours ago

Traders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week

Blockchain15 hours ago

Payment giant PayPal plans to acquire bitcoin custody platform BitGo.

Trending