CoinShares Launches a $75 Million Physically-Backed Ethereum (ETH) ETP

A month after launching a Bitcoin ETP on Switzerland’s SIX Exchange, CoinShares has released a physically-backed exchange-traded product following the performance of the second-largest cryptocurrency – Ethereum.  Describing itself as “Europe’s largest digital asset investment house,” CoinShares is a cryptocurrency-oriented manager with over $4 billion in AUM. The company, headquartered in London, announced the launch … Read more

Kraken to Double its Valuation to $10 Billion via Funding Round

The veteran US-based cryptocurrency exchange Kraken is reportedly in talks to raise more than $5 billion and double its valuation to over $10 billion. Some of the giant names potentially participating in the latest funding round include Fidelity, General Atlantic, and Tribe Capital. Kraken to Increase its Valuation to $10B? Based in San Francisco, California, … Read more

Weekend Recovery: Bitcoin Rebounds $3K After Hitting 16-Day Low, ETH Eyes $1,500

Following more adverse developments in which BTC dipped to $44,000 as of yesterday, the asset has reclaimed some ground by overtaking the $47,000 mark. Most altcoins have also taken a breather after the latest beating, with Cardano and Polkadot exploding with double-digit percentages. Bitcoin Recovers $3K After Hitting 2.5-Week Low The working week didn’t go … Read more

Crypto Price Analysis & Overview February 26th: Bitcoin, Ethereum, Ripple, Polkadot, and Chainlink

This week saw a serious correction throughout the entire cryptocurrency market. Bitcoin lost, at one point, about $13,000 of its value as it went through one of the most serious declines since the start of the current bull run. With this said, we take a look at the following cryptocurrencies. Bitcoin Bitcoin has seen a … Read more

Bitcoin Drops Below $50K, Major Altcoins in Red: Market Watch

After another unsuccessful attempt to decisively overcome the $50,000 price mark, Bitcoin has fallen to $49,000 again. Altcoins, which showed brief signs of recovery yesterday, have dropped again, with Ethereum beneath $1,600 and BNB back to $240. Bitcoin Drops Below $50,000 Again The past several days didn’t go well for the bitcoin bulls as the … Read more

Simplex Partners With Opera to Bring In-Browser Crypto Purchases

Users of the popular browser Opera will have the option to purchase cryptocurrencies directly from it following a partnership with the crypto-fiat processor Simplex. The integration will also enable users to set up personal cryptocurrency wallets to store the newly-purchased digital assets. Opera Users To Buy Crypto From The Browser Founded in 2014, Simplex describes … Read more

Ethereum Price Analysis: 30% Correction in Two Days But is the Worst Over for ETH?

ETH/USD – Market Falls Of Out Rising Pirce Channel Key Support Levels: $1465, $1425, $1358.Key Resistance Levels: $1600, $1681, $1700. Yesterday, Ethereum dropped to $1550 but quickly recovered by the end of the day to close the daily candle just beneath $1800. Today, the market tumbled again and declined by another 10% to reach the … Read more

Average Ethereum Fees Above $30 to New ATH as ETH Drops 35% in Two Days

While ETH’s price has fallen by double-digit percentages in the past few days, the Ethereum network has experienced yet another set of scaling issues of its own. The average transaction costs on the blockchain have surged to a fresh all-time high, while users complain about significant delays as well. Ethereum Fees to New Records CryptoPotato … Read more

Cheap ETH: Ethereum Flash-Crashed 63% To $700 On Kraken Exchanges

Today’s correction has been the biggest one we’ve seen in quite some time, reminding many that ‘up only’ isn’t always true. While most cryptocurrencies saw serious declines, but Ethereum’s price on Kraken’s exchange definitely went through a roller coaster. Ethereum Flash-Crashes to $700 on Kraken Kraken is one of the leading US-based cryptocurrency exchanges, and … Read more

US Secretary of Treasure Yellen Says Bitcoin is Inefficient for Transactions

Janet Yellen, the recently-appointed Secretary of the US Treasury, doubled-down on her belief that BTC is frequently used in illicit transactions, while it fails as an efficient form of payment. Interestingly, her comments came as the price of the asset slumped by more than $11,000 in a day to below $48,000. Yellen On Crypto And … Read more