Ethereum Could Reduce Fees With Batch Transactions

Key Takeaways Ethereum developers have created a proposal that could improve support for transaction batching. The feature will add the capacity for fee sponsoring and could reduce transaction fees by up to 20% The proposal could be part of Ethereum’s July upgrade or a later update, but this is not guaranteed. Share this article A new Ethereum proposal, EIP-3074, could reduce transaction fees by improving support for batch transactions. EIP-3074 Could Reduce Fees Ethereum developer Matt Garnett introduced the proposal on Twitter. Ethereum wallets may be getting a significant upgrade…

Messari CEO thinks a fresh wave of crypto regulation could be imminent

Regulators may see crypto’s recent growth as a problem, according to Messari CEO and founder Ryan Selkis.  “I’ve never been more bullish on crypto but I think everyone might be mispricing global regulatory risk,” Selkis tweeted on Thursday, adding: “When crypto looks like a toy, it’s not a threat. When stablecoins hit PayPal volumes and go private, it starts to look like a weapon.” In the months following its drop below $4,000 in March 2020, Bitcoin (BTC) has surpassed $60,000 in price. DeFi assets have surged over the past year…

CBDCs won’t entirely replace cash if the US Fed gets its way

Many expect that a time could soon come when central bank digital currencies, or CBDCs, replace physical dollars once and for all. Comments from U.S. Federal Reserve Chairman Jerome Powell, however, indicate that this may not be the case.  The chairman’s comments were filmed and later shown at an event in Switzerland on Thursday, according to an article from Bloomberg. The Committee on Payments and Market Infrastructures put on the event. In his talk, Powell mentioned the U.S.’ central bank and six other central banks collaboratively put together a report…

Bitcoin bulls ‘hold back’ as BTC’s monthly futures expiry approaches

Bitcoin (BTC) briefly reclaimed the $60,000 level on March 18 as concerns over the strength of the equities market mount due to rising U.S. Treasury yields.  Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin began increasing in the late-night trading hours on March 17 and it briefly crossed above $60,150 before meeting overhead resistance. BTC/USDT 4-hour chart. Source: TradingView According to Ben Lilly, an analyst and co-founder of Jarvis Labs, momentum from stablecoin issuance has translated into good price action for BTC over the past two…

Celebrity Coin Marketplace BitClout Briefly Returns

Key Takeaways Celebrity coin trading platform BitClout went offline last week. It briefly returned to the web on Wednesday. The platform allows cryptocurrency investors to trade tokens connected to celebrities and crypto leaders. BitClout’s origins are unknown, and most celebrities have not endosed it, making its tokens a questionable investment. Share this article Social marketplace BitClout has come back online following an outage that lasted approximately one week. What Is BitClout? BitClout allows content creators, celebrities, and famous crypto personalities to mint a “creator coin” that can be exchanged using…

Diem co-creator leaving Facebook for Planet Labs

Kevin Weil, the vice president of product at Facebook’s digital wallet unit and one of the creators of the Libra token, now called Diem, will be leaving the social media giant. In a Twitter thread today, Weil said he would be leaving Facebook after almost three years to become the president of product and business at San Francisco-based space and analytics company, Planet Labs. He was one of the leaders of the social media firm’s digital wallet unit — once called Calibra, now Novi — in addition to being behind…

Want to be rich? Data and Bitcoin’s supply cap show you only need 0.01 BTC

Saving 0.01 Bitcoin (BTC) might cost only $5,000 today but according to the current global wealth distribution and the digital asset’s limited supply, 0.01 BTC just might be enough to make one a millionaire in the future. According to Credit Suisse’s “Global Wealth Report 2020“, there are 51.9 million individuals with a net worth surpassing $1 million. The index considers a person’s net worth, along with their financial and real estate assets, while al deducting their debts and liabilities. According to the report, the U.S. leads by a reasonably wide…

OpenSea Raises $23 Million In Series A Funding Round

Key Takeaways OpenSea raised $23 million in a Series A funding round in order to scale up for a wider audience. VC firm Andreesen Horowitz led the funding round; individual investors and artists also participated. OpenSea has a monthly volume of $150 million and handles more than 20 million NFTs. Share this article OpenSea has raised $23 million in its Series A round, according to an announcement from the NFT trading marketplace. OpenSea Attracts Heavyweight Investors OpenSea’s Series A fundraising round was led by venture capital firm Andreessen Horowitz. The…

JPMorgan offers BTC exposure, an ETF in sheep’s clothing

Cryptocurrency adoption has been penetrating the mainstream at an exponential rate. While most investors are going straight into buying the likes of Bitcoin (BTC) and Ether (ETH), a few skeptical investors want to invest in the cryptocurrency economy without exposure to tokens’ volatility directly.  This volatility is evident in the recent all-time high Bitcoin of around $61,700 reached on March 14, before dropping to trading in the $56,000 range and then rising to around $59,000 at the time of publication. Bitcoin’s market capitalization has now surpassed that of Visa and…

Cardano’s $1B futures open interest shows ADA is a serious contender

Cardano (ADA) has had an impressive start to the year as it broke through the psychological $1 barrier and made an all-time high at $1.50. The impressive 590% year-to-date gain took place as the network transformed into a multi-asset network, similar to Ethereum, and this could bode well for Cardano’s future. Cardano price at Binance, USDT. Source: TradingView The rally’s final leg seems to be related to the Coinbase Pro listing, announced on March 16, and this resulted in a renewed push to $1.47 on March 18. As Cardano’s price…