Whales accumulate Ethereum as sell pressure falls

The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, suggest that regular users are returning to Ethereum in response to lower transaction fees. Several influential Ethereum cohorts — including miners and some of Ethereum’s largest non-exchange addresses — have been showing signs of ongoing accumulation and increased confidence in the coin’s long-term potential. …

Diginex goes public on Nasdaq following special-purpose acquisition

Following a $20 million capital raise and reverse merger, digital finance company Diginex’s stock has listed on the Nasdaq exchange under the ticker EQOS.  Diginex is “the first Nasdaq-listed company that covers the full virtual currency ecosystem,” Diginex CEO Richard Byworth told Cointelegraph in an interview. “I think this is hugely important for the development …

SingularityNET set to ditch Ethereum for Cardano citing speed and cost issues

SingularityNET, the AI company behind the expressive robot Sophia, is “seriously discussing” a migration from Ethereum to Cardano, after announcing a collaboration with IOHK. IOHK is run by the founder of Cardano, Charles Hoskinson, and drives the development of the blockchain platform. SingularityNET is a full-stack AI platform that lets anyone create, share, and monetize …

MyEtherWallet’s founder used to pay his rent by mining Bitcoin

Kosala Hemachandra, founder and CEO of crypto asset storage platform, MyEtherWallet, mined Bitcoin as a way to pay his Los Angeles rent between 2014-2015. When it came time to pay his bills, he would convert his coins into cash to facilitate the actual transaction. In conversation with Cointelegraph, Hemachandra reminisced about purchasing Bitcoin mining equipment …

Reddit’s MOON token has a $2.64 septillion market cap

In defiance of Reddit’s apparent wishes, crypto traders have devised a way to exchange the social platform’s ‘community points’  tokens for fiat — and it’s resulted in a pretty surprising market cap.  In May Reddit announced it would begin distributing ERC-20 rewards tokens on the Rinkeby testnet among users of its cryptocurrency and Fortnite subcommunities …

David Guetta secures deal with crypto-centered VR platform

Sensorium Galaxy, a not-yet-released virtual reality platform, has signed famous French DJ David Guetta. The platform hosts its own ERC-20 token, known as SENSO. “In a similar fashion to in-game currencies like Fortnite’s V-Bucks, SENSO is used for all value transactions within the Sensorium Galaxy,” Sensorium Corporation’s Deputy CEO of IR, blockchain and technology, Alex Blagirev, told Cointelegraph. …

Soaring decentralized exchange volume suggests the DeFi craze is not over

Uniswap, the most widely utilized decentralized exchange on Ethereum, has seen explosive growth throughout the second quarter. In fact, less than a month ago, Uniswap’s trading volume surpassed Coinbase Pro as the exchange processed $426 million worth of trades in a 24 hour span. Throughout 2019, the decentralized finance (DeFi) market was relatively stagnant until …