Connect with us

Amb Crypto

Other than Bitcoin, Coinbase notes institutional demand for Ethereum as well

Avatar

Published

on

Coinbase ‘Year in Review’ 2020 report stated that there was a growing institutional demand for Ether, amid increasing corporate investments in Bitcoin. According to researchers at Coinbase Institutional, while the exchange’s clients predominantly bought Bitcoin last year, a growing number also took positions in Ethereum. 

Source: Coinbase

Most institutional clients at Coinbase think of Ethereum as a “decentralized computing network” that shares some of Bitcoin’s key properties. With regard to owning Ether, these clients see “a combination of” the asset’s potential as a store of value and it being a digital commodity that is essential to power transactions on Ethereum.

Many think that a growing interest in DeFi is a primary reason behind the surge in Ether’s price. At the same time, David Grider at Fundstrat, predicted that a booming DeFi economy could propel ETH to a sevenfold increase.

Last year, Ethereum developer and investment activity in DeFi grew, as did Ethereum-based stablecoins, according to Coinbase’s review. However, the exchange noted issues with applications currently using Ethereum, including scaling friction, high gas fees, when the network becomes congested, and “complex smart contracts,” which can “grow to hold large stockpiles of crypto assets and thus attract bad actors.”

Coinbase clients believed that Ethereum may become the primary settlement network underpinning this new financial system. According to the review: 

In 2020 DeFi protocols built on Ethereum began to demonstrate clearly that the use cases for “programmable money” extend far beyond ICOs.

Additionally, Coinbase is “closely” observing CBDCs development and noted the “obvious” benefits to digital currencies. It also hoped that governments developing CBDC “will work to preserve individual liberties and privacy.” The exchange encouraged the crypto community “who understand these systems” to advocate that a government develop e-currency on “top of open, public blockchain networks.”

Source: https://ambcrypto.com/other-than-bitcoin-coinbase-notes-institutional-demand-for-ethereum-as-well/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

Avatar

Published

on

Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

Continue Reading

Amb Crypto

FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

Avatar

Published

on

A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

Continue Reading

Amb Crypto

Why Mark Cuban is looking forward to Ethereum’s use cases

Avatar

Published

on

Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

Continue Reading

Amb Crypto

Litecoin, EOS, Enjin Coin Price Analysis: 01 March

Avatar

Published

on

Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

Continue Reading
Nano Technology5 days ago

CEA-Leti & Dolphin Design Report FD-SOI Breakthrough that Boosts Operating Frequency by 450% and Reduces Power Consumption by 30%: Joint Paper Presented at ISSCC 2021 Shows How New Adaptive Back-Biasing Technique Overcomes Integration Limits in Chip Design Flows

AR/VR22 hours ago

‘Farpoint’ Studio Impulse Gear Announces a New VR Game Coming This Year

Esports2 days ago

PowerOfEvil on TSM’s Spring Split playoff preparation: ‘A lot of things are going to change in the next couple of days’

Nano Technology5 days ago

Fantastic voyage: Nanobodies could help CRISPR turn genes on and off: Stanford researchers attached biological nanobodies to the CRISPR DNA editing tool in an experimental combo designed to extend the usefulness of two promising molecular tools

Aerospace2 days ago

Astra’s 100-year plan: Q&A with CEO Chris Kemp

Esports2 days ago

How to download Pokemon Unite APK, iOS, and Switch

Aerospace2 days ago

Partners produce rotor blade 3D-printed tool on Ingersoll 3D printer

Crowdfunding4 days ago

Verifi Reveals that Nearly $31 Billion Is Lost Yearly to Transaction Disputes, which May Be Reduced via “Proactive Management”

Crowdfunding4 days ago

Fintech Unicorn Brex Explains how Digital Commerce Startups can Scale Operations by Selling Wholesale

Aviation2 days ago

Uganda Airlines To Fly The Rare Airbus A330-800 To London Heathrow

Cyber Security3 days ago

How you can get someone’s Snapchat password?

Payments2 days ago

4-parter on Coinbase “IPO” – Part 1 = 5 Reasons Why It Matters

Automotive3 days ago

Rivian shares details on the R1T pickup’s clever battery heating strategies

HRTech2 days ago

Only 57% Indian employees feel GTL insurance cover by employer is sufficient

Gaming17 hours ago

Betfred Sports, Represented by SCCG Management, Signs Multi-year Marketing Agreement with the Colorado Rockies

Crowdfunding4 days ago

Kraken Bank CEO David Kinitsky Provides Glimpse into How He’s Planning to Set Up Operations, As Company Might Acquire More Funding

Covid194 days ago

World Beer Index 2021: What’s the Price of a Beer in Your Country?

Blockchain2 days ago

Logan Paul Makes New NFT Pokemon Card Unboxing Highlights, Sells Out

Cyber Security2 days ago

Critical Vulnerability Discovered in a Firewall Appliance Made by Genua

Cleantech24 hours ago

Honda, Yamaha, KTM, & Vespa Agree To Universal Electric Motorcycle Battery Standard

Trending