Ethereum was recently in the news when it's been announced that the ETH adoption intensifies.
It's been revealed not too long ago, that the crypto payments merchant BitPay launched support for Ethereum.
It’s been also revealed that BitPay also plans to add support for Ripple’s coin XRP this year.
There have been made a lot of moves towards one of the main goals that the crypto industry has set for this year – the mainstream adoption of crypto.
Binance Research report mentions Ethereum
Etehreum’s upcoming switch from proof-of-work to the proof-of-stake will be creating billions of dollars in rewards, says a brand new report from Binance Research.
The online publication the Daily Hodl reveals that Proof-of-stake replaces Bitcoin’s proof-of-work mining structure, and this will allow ETH hodlers to “stake” their coins to gain trust, validate transactions and earn rewards.
Binance Research reported the following:
“Currently, staking accounts for $8 billion in crypto activity, and $15.4 billion of all crypto tokens can be staked. Staking happens in many prominent crypto platforms, like Binance Staking, and is an increasingly popular activity.”
The report continued and revealed that “Binance Research estimates that the volume of staking activity will more than double once Ethereum, the second-biggest cryptocurrency in the world, introduces staking.”
Ethereum gets institutional interest
In other news, not too long ago, it's been reported that Etehreum and Bitcoin and attracting increased institutional interest.
It seems that the institutional crypto investment company Grayscale has released the Q3 report for this year.
According to data revealed by the online publication the Daily Hodl, the report revealed something that might seem pretty surprising to some: an increased interest from the Wall Street in Bitcoin and Ethereum as well.
Regarding ETH's current state in the crypto market, the digital asset is trading in the red today, and ETH is priced at $184.08 at the moment of writing this article.
Who brought home the bacon in 2018? We've picked out 11 of the best ICOs from 2018 in terms of their return....
| November 1, 2018
Monero (XMR), as well as other significant cryptocurrencies in the market, experienced a very tough period c...
| September 12, 2018
When you need to make a crypto to crypto exchange, you usually browse the Internet and see a huge number of ...
| May 9, 2018
We are standing on the cusp of a new period in global finance. The potential for blockchain and shared hyper...
| April 25, 2018
With cryptocurrency adoption ramping up in enterprise and merchant applications, much of the focus has been ...
| April 22, 2018