Visa and PayPal Ramp Up Crypto Adoption
Visa and PayPal have both ramped up crypto adoption this week. Visa is running a USDC pilot program, and PayPal has launched a crypto checkout service.
Ethereum (ETH)
Ethereum’s Ether is one of the top cryptocurrencies. The Ethereum network uses a smart-contract system that facilitates the creation of tokens, decentralized applications, and more.
The token native to this network is called “ether.”
This section contains articles on Ether, ERC-20 Tokens, and the Ethereum platform.
FACT: The ethereum network is used to create about 1/2 of all ICOs. This means many coins on the market are Ethereum based.
GBTC Continues to Trade at a Negative Premium
GBTC has traded at a negative premium since tech stocks began to drop and Bitcoin began to find support. The result is you can buy discounted Bitcoin through Grayscale.
Crypto, Tech, Tesla, Etc Curve Down as Rotation Fears Loom
Microstrategy bought, Tesla bought, and we rallied. ETH fees were high, funding was high, longs go squeezed, NASDAQ went down, the yield curve went up, and we crashed.
ETH2 Staking is Coming to Coinbase
Coinbase is going to allow staking on ETH2. This is a big deal, as you’ll be able to lock up your ETH and take it on Coinbase for up to 7.5% APR.
ETH Makes New All Time Highs as CME Futures Loom (Feb 8th)
ETH is making new all-time highs and ETH-based coins (like DeFi coins) are running. This bullish price action into CME futures on Feb 8th is exciting. However, it is a bit scary as well since CME futures for BTC marked the top of the 2017 bubble.
Providing Liquidity on Uniswap
To provide liquidity on Uniswap click ‘Pool’ at the top of the screen, click ‘Add Liquidity’ to put up the two assets at a 1:1 ratio, and then click ‘Supply.’
Failed Transactions on Ethereum
When a transaction fails on the Ethereum network, you are still charged. Transactions fail when there isn’t enough gas to pay for a transaction, or a smart contract rejects a transaction.
Ethereum Rallies Toward All-Time High
Ethereum (ETH) has rallied toward its all-time high, and some signs point to a break of the all-time high.
ETHE Split 9-to-1
Grayscale’s Ethereum Trust (ETHE) did a split today. You’ll now see 9 times as many shares at 1/9th the price in your account.
CME Ethereum Futures are Coming
The CME Group has announced that Ethereum (ETH) futures will be launching in 2021. The expected launch date is February 8th, but is subject to regulatory approval.