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Bitcoin Flash Crash Roils Crypto Market

Crypto prices dipped Monday following a so-called flash crash of Bitcoin on Sunday. And while Ethereum dipped as well, the second most popular cryptocurrency is still up significantly on the month. Bitcoin’s weekend crash is being blamed on a single whale who sold 24,000 Bitcoin, according to crypto watchers on X. Bitcoin’s most recent peak hit $117,370 on Friday, not too far from the all-time high of $124,500. But Bitcoin is currently sitting at $112,660, well below recent highs. “Bitcoin fla

Ethereum turns 10: From scrappy experiment to Wall Street’s invisible backbone

watch now CANNES — Ten years ago, Vitalik Buterin and a small band of developers huddled in a drafty Berlin loft strung with dangling lightbulbs, laptops balanced on mismatched chairs and chipped tables. They weren't corporate titans or venture-backed founders — just idealists working long nights to push a radical idea into reality. From that sparse office, they launched "Frontier," Ethereum 's first live network. It was bare-bones — no interface, no polish, nothing user-friendly. But it could

At 10 years old, Ethereum's future is brighter than ever despite recent setbacks

In this article BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNT Omar Marques | Lightrocket | Getty Images It's been a decade since Ethereum's inception, and although its native ether token has largely struggled for the last half of it, its future looks brighter than ever. Ether has become more attractive to institutions in recent weeks largely due to legislation around stablecoins – most of which are issued on Ethereum – being signed into the first-ever U.S. crypto law. There's also th

Ethereum Is Quietly Soaring. What Comes Next?

Ethereum is experiencing a seismic rally. The price of Ether, the native token of the Ethereum network, surged by nearly $1,000 in a single week to hit a five-month high, climbing 25.3% to reach $3,745.72, according to data firm CoinGecko. For the first time in recent memory, there’s a palpable sense that this rally is grounded in something real and sustainable. So, what’s driving this explosive momentum? 1. Big Money Pours In Through New Ethereum ETFs Major asset managers have begun launchin

Ethereum is powering Wall Street's future. The crypto scene at Cannes shows how far it's come

watch now CANNES — Wall Street's new plumbing is being built on Ethereum and this week its architects took over the same French Riviera villas and red carpet venues that host the Cannes Film Festival in May. The Ethereum Community Conference, or EthCC, took over the beachside town that was swarming with crypto founders, developers, and some of the institutional giants now building atop the infrastructure. The crypto elite climbed the iconic red-carpeted steps of the Palais des Festivals — a cin

Ether and related stocks gain amid the latest crypto craze: Tokenization

A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023. Stocks tied to the price of ether , better known as ETH, were higher on Wednesday, reflecting renewed enthusiasm for the crypto asset amid a surge of interest in stablecoins and tokenization. BitMine Immersion Technologies , a bitcoin miner that announced plans this week to make ETH its primary treasury reserve asset, jumped about 20%. It's gained more than 1,000% since the an