Ethereum continues wild run, ETH price breaks $4,000 for the first time

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Ethereum continues wild run, ETH price breaks $4,000 for the first time Ethereum continues wild run, ETH price breaks $4,000 for the first time May 10, 2021 The second-largest digital asset doesn’t look to be stopping its meteoric rise anytime soon. 5507 Total views 34 Total shares Ether (ETH) eclipsed $4,000 for the first time…

Ethereum continues wild run, ETH price breaks $4,000 for the first time Ethereum continues wild run, ETH price breaks $4,000 for the first time May 10, 2021 The second-largest digital asset doesn’t look to be stopping its meteoric rise anytime soon.
5507 Total views
34 Total shares
Ether (ETH) eclipsed $4,000 for the first time on May 10, passing the psychologically significant barrier on multiple exchanges including Coinbase.The new milestone comes just a week after breaking $3,000.ETH/USD 4-hour candle chart (Coinbase).Source: Tradingview
Last week, ETH overtook Bank of America as the 28th largest asset in the world.

But at $454.49 billion as of today, ETH has now eclipsed the market cap of consumer staples giants Wal-Mart and Johnson and Johnson, and is knocking at the door of JPMorgan Chase — the largest American bank by assets under management.
Part of the rise may be linked to increasing institutional interest in the asset.This week, a Coinshares report said that institutions bought over $30 million in ETH at the end of April.Money managers are thought to now own $13.9 billion in ETH or ETH vehicles.
Likewise, there have been significant strides in adoption.Last week the European Investment Bank announced that they would be issuing a $120 million bond on the world’s largest layer-1 in collaboration with major banking entities such as Goldman Sachs.

Additionally, the growth of — one of Ethereum’s key communities and use cases — continues at a remarkable clip.
However, the most bullish catalysts on the horizon are a pair of major infrastructure upgrades to the network: EIP-1559 and ETH 2.0.EIP-1559, now scheduled to be included in the “London” hard fork, will include an overhaul of the ETH fee structure and is expected to decrease gas costs significantly while also potentially making ETH a more deflationary asset.
ETH 2.0, in turn, will transition the network to a proof-of-stake consensus model, which is expected to decrease sell pressure and encourage holding the asset.
The remarkable run has even prompted renewed speculation that there could be a “flippening” on the horizon — a long-anticipated event among the Ethereum community where ETH overtakes BTC in market capitalization.Share this: Price Analysis 6/12: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, XTZ The S&P 500 plunged 5.89% on June 11, its fourth-worst fall this year.This brought back memories of the sharp sell-off seen in March when investors dumped most asset classes as the coronavirus pandemic took hold.

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The amount of BTC handled by major payment processors reportedly dropped by almost 80 percent from the beginning of the year to September.The… Japanese Exchange bitFlyer Blockchain Arm Launches Consulting Service With new laws on digital assets taking effect soon in Japan, a bitFlyer subsidiary started offering consulting on blockchain technology.1401 Total views 51 Total shares One of exchanges in Japan and one of the biggest Bitcoin brokers worldwide just announced their blockchain arm would be starting consulting services to address requests… Binance Set to Launch NEO/USDT Futures With Up to 50x Leverage Major cryptocurrency exchange Binance announced that it is about to launch a new futures product tracking crypto asset NEO.Per the announcement published on Feb.16, the NEO/USDT futures will be launched on Feb.17 and traders will be able to select leverage between 1x and 50x.The fees that the exchange imposes on trades of… MIT Professor Claims Blockchain Technology Is Not as Secure as Claimed A professor at the Massachusetts Institute of Technology (MIT) says that blockchains are not as secure as they are purported to be in an editorial in the Wall Street Journal (WSJ) on June 6.Stuart Madnick — the John Norris Maguire Professor of Information Technologies at the MIT Sloan School of Management and the Founding Director… Bank of France settles $2.4M fund in central pilot The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology.417 Total views 1 Total shares The Bank of France successfully piloted — or CBDC — experiment in December, using the technology to settle… Co-Founder of Now-Defunct BitFunder Gets 14 Months Imprisonment The operator of now-defunct Bitcoin (BTC) exchange BitFunder, Jon Montroll, has received a 14 months prison sentence following federal charges of obstruction of justice and securities fraud, finance and trading industry news outlet FinanceFeeds reported on July 12.The proceedings against Montroll began last year.

In July 2018, Montroll pleaded guilty to obstruction of justice, admitting… .

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