Ethereum has had a lot of growth in the past year. Growing more than bitcoin and producing more gains. But it is no secret that the market cap of Ethereum is still a long way away from $2 trillion. The market cap of the digital asset currently sits at $248 billion.
A $2 trillion market cap prediction might be overly optimistic. But Matthew Sigel does not believe that it is. According to Sigel, Ethereum can reach a $2 trillion market cap in a “blue sky scenario.” The prediction does not come as a surprise given the level of confidence in Ethereum lately. With forecasts even reaching as high as $20,000 per coin in some cases.
The crypto bug is seemingly proving to be having a big bite on the sports industry as Tom Brady joins other sports celebrities pursuing a dream in the blockchain sector.
The quarterback of the Super Bowl champs – Tampa Bay – had for weeks indicated his enthusiasm, through several tweets about crypto before declaring his intention now to be a “pioneer” in the industry.
Algomint recently concluded its private seed round after collecting a whopping 1.5 million dollars. The amount shows Algomint’s capability and conviction to help Algorand DeFi. The platform will help Algorand mint synthetic assets, such as goUSD, goETH, and goBTC.
TeraBlock, a cryptocurrency trade automation exchange, is excited to announce its partnership with Binance Cloud, an infrastructure solution for customers and partners to launch digital asset exchanges leveraging Binance’s industry-leading technology, security, and liquidity.
Jigstack DAO’s DeFi token launchpad Lemonade has added a plethora of new features to its platform as part of the Version 2 upgrade.
It brings improvements to the UI and UX of the protocol for both token issuers and investors. The V2 dramatically reduces the barriers to launch a token and participate in IDOs.
Billionaire fund Soros Fund Management, owned by George Soros, and trading fund Point72 separately revealed their moves into the Bitcoin space yesterday, becoming the latest entrants in an expanding list of institutional funds interested in cryptocurrencies.
With South Africa receiving more than its fair share of cryptocurrency-related scams, a report suggests that regulators are responding to this challenge by fast-tracking the process of creating a new regulatory framework. As a result, regulators now expect this process, which was preceded “by the publication of proposals earlier in June,” to be complete “in three to six months.”
SOS Limited (SOS) is a speculative play that has grabbed our attention following the massive decline in cryptocurrency prices in the last two months. We want to be clear. We advocate having 1-2% of a long-term portfolio exposed to this sector. Generally we push to buy the big names like Bitcoin (BTC-USD) or Ethereum (ETH-USD), with a few smaller altcoins of your choosing.
Twitter CEO Jack Dorsey has again rejected the idea of him buying into Ether (ETH) despite the social media platform's activities with Ethereum-based nonfungible tokens (NFTs).
On Wednesday, the social media platform announced a giveaway through Rarible, a major NFT platform utilizing the Ethereum blockchain network for minting digital collectible tokens.
Two of the biggest global financial giants — Fidelity Investments and Standard Chartered — are set to make their mark in the crypto space with the backing of a new crypto exchange and trading platform, created by the market-leading intermediary brokerage firm, TP ICAP.
The platform which is already in its finishing stages and awaiting UK government approval is set to launch within the second half of 2021 — first with Bitcoin, and then later adding Ethereum.