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Tag: ETHBRL

Thorchain’s RUNE Appreciates 170% and DeFi TVL Grows 100% Over Last Month, Here’s Why

RUNE, the native cryptocurrency of THORChain has seen strong price appreciation over the last three weeks despite heavy volatility in the crypto space. The RUNE price has appreciated 173% despite the broader market correction since February 24, the day Russia announced its invasion into Ukraine. Furthermore, the total-value-locked (TVL) by RUNE in decentralized finance (DeFi)

The post Thorchain’s RUNE Appreciates 170% and DeFi TVL Grows 100% Over Last Month, Here’s Why appeared first on CoinGape.

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Just In: Big Relief for Crypto Stakers and Miners, IRS Won’t Tax Unsold Crypto Tokens

Crypto Stakers and miners could finally breathe a major sigh of relief as the IRS has decided not to tax unrealized gains derived from crypto staking or mining digital assets. This has been a major relief as many crypto proponents have been voicing their opinion against these proposed taxes over the last few months. Blockworks’

The post Just In: Big Relief for Crypto Stakers and Miners, IRS Won’t Tax Unsold Crypto Tokens appeared first on CoinGape.

Breaking: Ethereum-Solana Bridge Warmhole Exploited In A Massive $300 Million Hack

On Wednesday, February 2, one of the most popular crypto bridge networks connecting the Ethereum and the Solana blockchains has faced a massive hack of a staggering $320 million. Warmhole has appraised this event on its Twitter handle stating that the hackers managed to steal a staggering 120K wETH or wrapped Ether. The official announcement

The post Breaking: Ethereum-Solana Bridge Warmhole Exploited In A Massive $300 Million Hack appeared first on CoinGape.

New York City Mayor Eric Adams to Buy Bitcoin (BTC) and Ethereum (ETH) Dips Today

There’s a major bloodbath on Satoshi Street once again as Bitcoin and Ethereum corrected over 8% each. However, New York City Mayor Eric Adams Is All Set to Buy the Bitcoin Dip later today. As announced earlier, Adams shall be converting his paycheck from U.S. Dollars to Bitcoin and Ethereum. The fund conversion will happen

The post New York City Mayor Eric Adams to Buy Bitcoin (BTC) and Ethereum (ETH) Dips Today appeared first on CoinGape.

JPMorgan: High Gas Fee A Big Problem for Ethereum Valutaions, Can Lose Market Share

In the latest report, banking giant JPMorgan has said that Ethereum’s high gas fee and network congestion are putting a big risk for the smart contracts platform. JPMorgan said that this could be a “problem for Ethereum’s valuation”. It specifically added that Ethereum could be losing its NFT market share to rival Solana which has

The post JPMorgan: High Gas Fee A Big Problem for Ethereum Valutaions, Can Lose Market Share appeared first on CoinGape.

BNY Mellon Sees Meaningful Revenue In Crypto by 2023 Post Clear Regulations

Bank of New York Mellon is optimistic about a meaningful revenue ticking from its crypto services. On Tuesday, January 18, the bank’s chief financial officer Emily Portney said that the bank is collaborating with Fireblocks, a unicorn FinTech that allows financial institutions to store crypto assets. Portney said that the U.S. regulators should provide more

The post BNY Mellon Sees Meaningful Revenue In Crypto by 2023 Post Clear Regulations appeared first on CoinGape.

Ethereum (ETH) Price Bounces From Support Zone, 200 EMA Offers Minor Upside Hurdle

Ethereum (ETH) rises above the $3,300 mark following the previous session’s gains. After testing the highs, the world’s largest altcoin retraced lower and trades with 0.60% losses. Although, the price has recorded gains of 3.16% over the last seven days. ETH shows bullish interest from the long-term support zone of $2,900. A daily acceptance above

The post Ethereum (ETH) Price Bounces From Support Zone, 200 EMA Offers Minor Upside Hurdle appeared first on CoinGape.

Crypto Exchange Binance Enables Direct Withdrawals to Ethereum Layer 2

In one of the latest developments, crypto exchange Binance seems to have started direct withdrawals to Layer Two Ethereum Networks. Popular crypto analysts Lark Davis was the first to spot this development by sharing a screenshot on his Twitter profile. Oh boy…… Binance just enabled direct withdrawals to layer two #ethereum!!!! HUGE NEWS!!!! pic.twitter.com/4B2t2nV9OB —

The post Crypto Exchange Binance Enables Direct Withdrawals to Ethereum Layer 2 appeared first on CoinGape.

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