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The Ethereum supply shock has been growing as exchange reserves continue to decrease and value staked in ETH 2.0 contract rises. Ethereum Supply Shock: Exchange Reserves Go On Decreasing While ETH 2.0 Staking Contract Grows In Value As pointed out by a CryptoQuant post, ETH exchange reserves have been decreasing while the
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Switzerland-based technology company Velas has allocated $100 million to startups building on top of the Velas blockchain, marking a sizable increase from its initial pledge of $5 million earlier this year. The grants program is designed to support the growth of the Velas ecosystem and expand its capabilities within Web 3.0,
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“With scheduled monthly deliveries totaling 55,000 miners over the next 15 months and new high-power production facilities coming online, we are regularly increasing our hashrate towards our goals of 3 exahash per second (EH/s) in first quarter 2022 and 8 EH/s by year end 2022,” CEO Emiliano Grodzki said in
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Leading U.S.-based cryptocurrency exchange Coinbase has seen enormous demand for its junk bond offering, with the firm increasing the size of the sale by one-third from $1.5 billion to $2 billion.According to Economic Times, at least $7 billion worth of orders were placed in competition for equal quantities of seven
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British oil company BP rakes in profit in recent quarterly earnings as oil market recovers from pressure exerted by the pandemic.Oil Giant BP Increases Dividend in Q2 Report Earnings, Plans $1.4 Billion BuybackBP (LON: BP) announced its Q2 earnings to shareholders, with figures higher than expected. The oil and gas
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The US Consumer Index has risen by 5.4% in June from a year ago This increment is the highest annual rate increment since August 2008 The US consumer is paying more for goods and services as inflation bites News of the increased Consumer Index has caused Bitcoin to once again lose its $33k
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As the interest in digital assets spikes, Grayscale’s total AUM is becoming one of the fastest-growing trusts in the in industry.Grayscale‘s total AUM (Assets Under Management) now holds at $49.2 billion, a $3 billion increase compared to its previous $46.1 AUM in less than four days.Now the Grayscale Bitcoin Trust
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In brief:Paypal’s U.S customers will soon have an opportunity of checking out using their crypto holdingsThis increases crypto adoption by allowing users to pay for goods and services at over 29 million merchantsThe news could propel Bitcoin to $62k if $58k is maintained as support during the monthly closeNews coming
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Citing massive demand for its popular models, Tesla has updated the prices for its Model 3 and Model Y. However, the immediate concern in short term is that it has very little inventory at this point.On Thursday, April 8, TSLA stock price was up 1.91% trading at $683 with a
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