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ETH Leads Up To The Launch Of CME Futures, Ether Products Representing 80% Of Last Week’s Institutio

Crypto News Point

Feb 9, 2021
2 min

ETH Leads Up To The Launch Of CME Futures, Ether Products Representing 80% Of Last Week’s Institutio

A report said that ETH leads up to the launch of CME futures, with Ether products representing 80% of last week’s institutional crypto inflows. It has been reported that the $245 million crypto inflow last week, 80% of it or $195 million was invested into Ether products ahead of the launch of the Chicago Mercantile Exchange Ethereum futures contracts on February 8. However, Bitcoin had $41.9 million of the weekly flows, with a year-to-date total of $2.02 billion, as the repor

Hashmasks Raises Over 7,600 ETH From The Sale Of More Than 15,300 Digital Collectible Cards

Crypto News Point

Feb 2, 2021
2 min

Hashmasks Raises Over 7,600 ETH From The Sale Of More Than 15,300 Digital Collectible Cards

Hashmasks, a new non-fungible token (NFT) project, has raised over 7,600 ETH ($10 million) from the sale of more than 15,300 digital collectible cards. It has been reported that the owner of Hashmasks #1 has sold his card named after former United States President Donald Trump for about 97 Ether (ETH), which amounts to over $126,000 at the current Ether price. However, Hashmasks #1 was acquired for 0.1 ETH, according to the collection timetable on the project’s website, which

UNICEF Cryptocurrency Fund Invests In Startups Of Developing Economies In Ethereum

Crypto News Point

Jun 20, 2020
2 min

UNICEF Cryptocurrency Fund Invests In Startups Of Developing Economies In Ethereum

Eight tech startups from seven different developing economies will receive an investment of Ethereum cryptocurrency from the UNICEF Cryptocurrency Fund. UNICEF’s crypto-enabled investment vehicle has given these companies 125 ETH, worth approximately $28,600. UNICEF #Cryptocurrency Fund announces its largest investment of startups in emerging economies. Among the awardees are companies expanding work to use their technologies to mitigate the hardships of #COVID19 on childre

Baseline Protocol Demo Showcases Business Process Automation On Ethereum

Crypto News Point

May 24, 2020
2 min

Baseline Protocol Demo Showcases Business Process Automation On Ethereum

The Baseline Protocol has successfully executed a proof-of-concept where multiple companies privately and securely synchronized data and managed purchase orders on top of the Ethereum (ETH) mainnet. It demonstrated how enterprises could use Baseline protocol to securely collaborate in executing business processes over Ethereum without exposing valuable proprietary data. Baseline Protocol Secures Business Process Automation Across SAP and Microsoft Dynamics Using Ethereum Publ

Over 80% Redditors Signing Up For ETH-Based Rewards So Far Are Fortnite Players

Crypto News Point

May 18, 2020
1 min

Over 80% Redditors Signing Up For ETH-Based Rewards So Far Are Fortnite Players

Reddit’s Ethereum-based Community Points rewards system has seen more than 10,000 addresses created within days of launching on the Rinkeby testnet. Over 80% of wallets created on the testnet so far represents the Fortnite community. From March 13 to March 15 Reddit’s points were rolled out across two subreddit communities: Popular video game Fortnite (r/fortniteBR) Cryptocurrency (r/cryptocurrency) Founder of EthHub, Eric Conner tweeted: 10,000 Reddit users now have a wallet

OKEx Pool Joins Ethereum 2.0 Topaz Testnet As Proof-Of-Stake Validator

Crypto News Point

Apr 30, 2020
2 min

OKEx Pool Joins Ethereum 2.0 Topaz Testnet As Proof-Of-Stake Validator

OKEx Pool, a comprehensive mining pool built upon cryptocurrency exchange OKEx, announced that it has joined an Ethereum 2.0 testnet as a Proof-of-Stake validator as announced by OKEx on April 29. Topaz is the only completed testnet of ETH 2.0 mainnet configuration. The launch is a key action before ETH switches its consensus algorithm from PoW (proof-of-work) to PoS (proof-of-stake). #OKExPool: Shout out to #ETH2 public testnet, Topaz Testnet, for a very successful launch 🎉

Simplex’s Fiat-to-Crypto Service Will Now Unlock Direct Crypto Purchases For Celsius Users

Crypto News Point

Feb 19, 2020
1 min

Simplex’s Fiat-to-Crypto Service Will Now Unlock Direct Crypto Purchases For Celsius Users

Simplex, a popular fiat-to-crypto payments provider servicing major crypto exchanges like Binance, will now unlock direct crypto purchases for Celsius app users. According to a Feb. 18 announcement United Kingdom-based cryptocurrency lending startup Celsius Network has launched in-app crypto purchases via a new partnership with Simplex. Joining forces with @CelsiusNetwork to make the opportunities of crypto lending more accessible:https://t.co/cchc4rICFZ@Cointelegraph pic.twi

‘Bitcoin Cash Is Not Bitcoin’ Says Ethereum Co-founder Vitalik Buterin

Crypto News Point

Feb 3, 2020
2 min

‘Bitcoin Cash Is Not Bitcoin’ Says Ethereum Co-founder Vitalik Buterin

Ethereum network co-founder Vitalik Buterin said Bitcoin (BTC) and Bitcoin Cash (BCH) are not the same. On Feb. 1 Buterin tweeted responding to Brad Mills’ accusation of Buterin as Bitcoin Cash promoter: Bitcoin cash is not bitcoin. — vitalik.eth (@VitalikButerin) February 1, 2020 Several tweets suggest Buterin is not 100% against BCH, although he clearly made the distinction that BCH is not BTC, even back in 2017. Several months after a 2017 hard fork divided BTC into two c

Agharta Hard Fork To Make ETC Fully Compatible With ETH

Crypto News Point

Dec 27, 2019
1 min

Agharta Hard Fork To Make ETC Fully Compatible With ETH

Ethereum Classic’s Agharta hard fork will include features of the Ethereum Constantinople fork and intends to make ETC fully compatible with Ethereum ETH. On Dec. 26 a press release was shared with stating that ETC Labs will have full compatibility between ETC and ETH as the coming Agharta update is expected to create backward compatibility between the two networks. ETC Labs CEO Terry Culver commented: “Ethereum Classic Labs is one of the first incubators to support innovativ

Rakuten Now Lets Customers Convert Loyalty Points To Cryptos

Crypto News Point

Dec 26, 2019
1 min

Rakuten Now Lets Customers Convert Loyalty Points To Cryptos

Japan’s online retailing firm Rakuten now lets customers convert its Rakuten Group loyalty points to cryptocurrencies. On Dec. 24 an official announcement by Rakuten stated that the feature is available for the users of Rakuten in Japan having an account with Rakuten wallet, a crypto exchange subsidiary of Rakuten. Rakuten says that users can now convert their loyalty points to three different cryptocurrencies: Bitcoin (BTC) Ether (ETH) Bitcoin Cash (BCH) Rakuten Aiming To Bo

Bitcoin Breaches $7,400 While Top 20 Coins Sees Gain

Crypto News Point

Dec 23, 2019
1 min

Bitcoin Breaches $7,400 While Top 20 Coins Sees Gain

Bitcoin (BTC) has breached the $7,400 mark while the top 20 cryptocurrencies see gain. Tezos (XTZ) is the only cryptocurrency among the top-20 currently seeing losses. Bitcoin 7-day price chart. Source: Coin360 As of the publication time, Bitcoin is currently up by 3.36% on the day- trading at around $7,422 at press time. Compared to it weekly, BTC is up by about 4.1%. ETH Update Ether (ETH) is the largest altcoin by market cap currently standing at $14.4 billion. As of publi

China’s Internet Firewall Blocks Ethereum Block Browser Etherscan

Crypto News Point

Dec 4, 2019
1 min

China’s Internet Firewall Blocks Ethereum Block Browser Etherscan

China’s Great Firewall, a tool to ban Chinese citizens from using sites like Google and Facebook, has listed a major explorer for Ethereum’s (ETH) blockchain- Etherscan. A data from non-profit monitoring organization GreatFire, alleges that China blocked one of the most popular ETH block browsers, Etherscan in October 2019. On Dec. 3 Coindesk reported that Etherscan’s domain remained inaccessible from IP addresses inside mainland China. Timeline Of The Block The CEO of the fi

Ethereum’s Block Propagation Can Be Twice As Fast Through BloXroute

Crypto News Point

Nov 28, 2019
1 min

Ethereum’s Block Propagation Can Be Twice As Fast Through BloXroute

Akomba Labs, the blockchain advisory and product development firm conducted a test on the Ethereum network revealing it can make block propagation at least twice as fast through BloXroute. On Nov. 27 Coindesk reported that Akomba Labs collaborated with the scalability-focused blockchain startup BloXroute and ran a two-week test measuring the results of running BloXroute’s, Blockchain Distribution Network (BDN) on the Ethereum network. Average Block Propagation Performance Sig

Singapore Considers Crypto Derivatives Trading On Approved Exchanges

Crypto News Point

Nov 21, 2019
1 min

Singapore Considers Crypto Derivatives Trading On Approved Exchanges

Singapore’s central bank, the Monetary Authority of Singapore (MAS), has proposed bringing crypto derivatives trading under its scrutiny. On Nov. 20, a BNN Bloomberg report stated that the MAS’ proposal would make trading of derivatives on underlying assets like Bitcoin (BTC) and Ether (ETH) subject to the city-state’s Securities and Futures Act. According to the MAS, it plans to extend its remit to crypto derivatives that have been urged by interest from hedge funds and asse

Binance Adds Turkish Lira To Its Fiat-To-Crypto Purchase

Crypto News Point

Nov 17, 2019
1 min

Binance Adds Turkish Lira To Its Fiat-To-Crypto Purchase

Binance, the cryptocurrency giant has added support for buying Bitcoin (BTC) and other cryptocurrencies with Turkish lira through its local digital wallet partner Papara. On No. 15 Binance announced the additions on its official website. Turkish users will now be able to exchange lira through their Papara digital wallets for: BTC Ether (ETH) XRP The announcement further added that the support for Turkish Lira is limited to just buying cryptocurrencies, while no official word

Ethereum price drops caused by Stablecoin DAI

Crypto News Point

Sep 26, 2019
3 min

Ethereum price drops caused by Stablecoin DAI

Ethereum price drops losing more than 18% value under two hours due to collateralized stablecoin DAI. The stablecoin managed to maintain its peg to the United States dollar falling from $190 to $155 on Tuesday. The sudden Ethereum price drops to highlight the weakness of DAI stablecoin built by the maker of MakerDAO, Dai (DAI) with the decentralized finance (DeFi) ecosystem within the platform. As of publishing time, Ethereum holds a price of about $170. Higher transaction fe

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