This week, Ether (ETH) price reached a new 2021 high against Bitcoin (BTC), bringing its year-to-date returns slightly above 350% and according to technical analysis, the rally could extend even further.On Dec. 1, bids for the ETH/BTC pair hit 0.0835 BTC on Coinbase for the first time this year. The upside move came as a part of an uptrend that started mid-October after Ether … [Read more...] about Increased utility in DeFi, NFTs back Ethereum’s 3-year high in its ETH/BTC pair
Utility
Which Comes First: DeFi Utility or Yield?
Compound, a DeFi lending market, recently released a Q3 report, a first within the industry. The report highlighted that when token incentives were factored in, protocol earnings were negative. Compound has essentially been trading equity to rent liquidity that may or may not be sticky when it eventually decides to stop emitting COMP in coming years, as per the Compound … [Read more...] about Which Comes First: DeFi Utility or Yield?
The Growing Utility of NFTs
Onessus Blockchain Systems is a blockchain game and NFT publisher based in the United States. Its WhenStaking platform has proven the growing popularity of the idea of yield-earning NFTs. Within a month of launching, the curated platform was already hosting over 9,000 staked NFTs, had roughly 12% of the company’s native utility token, VOID, locked up backing the NFTs, and had … [Read more...] about The Growing Utility of NFTs
City in North Dakota now accepts cryptocurrency for utility payments
A city in North Dakota is joining the cryptocurrency adoption race in the United States by starting to accept crypto payments.Hercules Cummings, finance director for the City of Williston, announced Thursday that the city administration has partnered with crypto payment firm BitPay to start accepting cryptocurrencies like Bitcoin (BTC) as payment for utility bills.“We have … [Read more...] about City in North Dakota now accepts cryptocurrency for utility payments
French utility giant pursues carbon neutrality as Hedera node operator
French utility giant Électricité de France has joined the Hedera Governing Council as a node operator. EDF, which is among the top five global utility firms, represents the first from its industry to join the council and will use the technology as part of its aim to achieve carbon neutrality by 2050. The Hedera network is a public, enterprise-grade blockchain that is owned and … [Read more...] about French utility giant pursues carbon neutrality as Hedera node operator