Sanctions against the Russian Federation are hitting hard on the Russian nation and its businesses, financial- and payment systems, and citizens alike. More and more nations and institutions are lining up to impose sanctions, and it seems as if deeper and wider sanctions are coming. Russia has been on a mission to de-risk its dependence…
The price of ether (ETH) is back below $3000 trailing bearish movement in the general crypto market, following negative macro sentiments, most of all the threat of war in Ukraine. Zooming out, there is no lack of positive development surrounding the Ethereum ecosystem. Total Value Locked (TVL) in DeFi is still above the $200 billion…
Stablecoin USDC is getting increasingly popular among crypto users and ditto institutions, so much so that USDC, the second-largest stablecoin by market cap, is on a steady streak narrowing the distance to market leader, Tether’s USDT. Just this week, USDC broke the $50 billion mark chasing USDT’s $70 billion in total market cap. Deployed in…
Without any sign of gas fees on Ethereum being less of a pain to users, the fees continue to be a hot topic, and a driving force and tailwind for so-called Layer-1 competitors such as Solana and Avalanche, both of whom boast much lower fees. As Ethereum gas fees stir some frustration among its users,…
Gas fees, the fees users pay to transact and to use applications on the Ethereum blockchain, has been on the rise for quite some time, both in monetary terms and in terms of the ire of the users. However a sign of the popularity of the second-largest blockchain by market cap, few enjoy paying the…