Category Archives: Ethereum
Ethereum price today: ETH is trading at $3,281.00 – USA TODAY
What is the price of ethereum today?
The price of ethereum, or 1 ETH, traded at $3,281.00, as of 8 a.m. ET. The highest intraday price that ethereum reached in the past year was $4,088.00 on March 12, 2024.
The chart above is pulling data as of 8 a.m. ET daily and doesnt display intraday highs or lows.
Even though ethereum is not the first altcoin, its the most popular and successful. The cryptocurrency was launched in 2015. Its blockchain has generated tremendous growth and returns over the past nine years.
*The return comparisons are as of 8 a.m. ET.
Ethereums 52-week intraday high was on March 12, 2024, trading at $4,088.00 per ETH. Its 52-week intraday low was $1,500.00 on Aug. 17, 2023.
The leading altcoin has shifted global financial markets and amassed a global market capitalization of $379.18 billion. ETH is currently up 71.38% year over year.
Today, ethereum's $379.18 billion market capitalization is second to bitcoin's. Bitcoin and ethereum represent 69.50% of the entire cryptocurrency market. Behind ethereum, the third-largest crypto is BNB, with a market cap of just $89.84 billion.
Bitcoin and ethereum's combined crypto market dominance has fluctuated over the years. But it has trended steadily higher since late 2022.
Ethereum's market cap of $379.18 billion is slightly more than some major blue-chip stocks, such as Home Depot (HD) at $333.10 billion and Johnson & Johnson (JNJ) at $359.35 billion.
Ethereum is a blockchain-based network created to facilitate secure, decentralized financial transactions. The network's native cryptocurrency is ether.
Unlike bitcoin, ethereums programmable blockchain allows users to securely verify and execute code, including smart contracts and decentralized applications. Smart contracts on the ethereum network are software applications that run automatically on the blockchain when certain predetermined conditions are met.
The ethereum network's decentralized nature allows developers to run programs without relying on Big Tech companies or other third parties. Rather than running software on cloud servers housed in massive data centers owned by Google, ethereum users can run applications by leveraging ethereum's large network of small, private computers.
Applications on the ethereum blockchain include gaming, socializing, gambling and decentralized finance options. The ethereum blockchain is also home to the world's most significant non-fungible tokens. NFTs are unique digital creations representing ownership of digital property, such as a work of art, song or video.
Ethereum gas is the fee network users pay to process transactions or use smart contracts on the network. Gas fees are akin to highway tolls. Users pay these fees to use the ethereum blockchain.
The unit of measurement for gas fees is gwei. One gwei equals one billionth of one ETH.
Like bitcoin and other leading cryptocurrencies, ethereum had humble beginnings. Shortly after its launch in July 2015, ETH hit its all-time low of 42 cents in October 2015.
The popularity and trading volumes of cryptocurrencies started to snowball in 2017. ETH prices reached $1,000 for the first time in January 2018. The crypto ultimately peaked at around $1,300 less than two weeks later.
CME Group's announcement that it would launch bitcoin futures contracts drove ethereums 2017 rally. They were the first cryptocurrency-related products offered by a regulated U.S. financial institution.
Enthusiasm for cryptocurrency died down in 2018. That led to one of several crypto winters in the past decade.
The next crypto boom began in 2020. This time, ETH's parabolic rise was partly driven by government shutdowns of sports, casinos, and other leisure and entertainment options. Multiple government stimulus checks also left many Americans with extra disposable income to buy crypto.
Ethereum prices reached $4,891.70 on Nov. 16, 2021. But rising interest rates cooled investor enthusiasm for risk assets in 2022. A string of crypto industry layoffs and bankruptcies weighed on crypto prices, culminating in the bankruptcy of leading cryptocurrency exchange FTX in November 2022. ETH prices dipped below $900 during the 2022 crypto winter.
The ethereum rally resumed in 2023 and into 2024 as investors grew more optimistic about the U.S. economic outlook. The Securities and Exchange Commissions approval of several bitcoin spot ETFs in January 2024 further bolstered ethereum prices. Many crypto enthusiasts see this as an encouraging sign for the approval of ethereum spot ETFs.
Since ethereums launch in 2015, there's no question that bitcoin and ETH have been spectacular investments.
The past years enthusiasm for bitcoin spot ETFs has reversed the performance gap between the two major cryptos. The price of bitcoin is up 106.09% year over year, compared to a 43.64% gain for ethereum.
You can buy ethereum on popular cryptocurrency exchanges like Binance, Coinbase and Kraken. Ethereum trades under the symbol ETH. There are also online brokerages that support cryptocurrency trading, such as Robinhood, Interactive Brokers and Webull.
In addition, you can buy ethereum through leading payment apps Venmo and PayPal. Finally, ethereum can be bought directly by searching for a physical cryptocurrency ATM that sells ether.
Anyone buying ethereum directly must store their ETH in a cryptocurrency wallet. This is much like storing paper money in a physical wallet.
The private keys are needed to send or receive cryptocurrency in a digital wallet. A person who controls a wallet's private keys controls all the cryptocurrency associated with the wallet.
Ethereum wallets can be hardware wallets resembling USB sticks or software wallet apps that store ETH on a smartphone or another device. Hot wallets are connected to the internet, while cold wallets are not. Hot wallets are generally considered more convenient, but cold wallets can be safer and more secure.
In addition to buying ethereum directly, you can indirectly speculate on the ethereum market via ethereum funds.
The SEC approved the first wave of ethereum futures ETFs in late 2023. These ETFs don't invest in ethereum directly but instead hold ethereum futures contracts. Leading ethereum futures ETFs include the VanEck Ethereum Strategy ETF (EFUT), the ProShares Ether Strategy ETF (EETH) and the Bitwise Ethereum Strategy ETF (AETH).
The popular Grayscale Ethereum Trust (ETHE) tracks the price of ETH. But Grayscale can only trade over the counter in the U.S. until it receives approval to convert into an ETF. That conversion is contingent on the SECs approval.
Ultimately, ethereum investors hope that the SEC will approve spot ethereum ETFs. Spot ETFs invest directly in the underlying cryptocurrency rather than futures contracts or other derivatives. Grayscale and BlackRock are among several companies that have applied for SEC approval.
Ethereum does not represent ownership of assets with tangible value and does not generate earnings, revenue or cash flow. ETHs price is determined exclusively by supply and demand. If the popularity of the ethereum network continues to grow in the long term, demand for ethereum will likely grow over time.
No. Since the ethereum network upgraded from a proof-of-work model to a proof-of-stake model, ethereum mining is no longer necessary. But ethereum investors can still profit from the proof-of-stake system by staking ETH.
Read more from the original source:
Ethereum price today: ETH is trading at $3,281.00 - USA TODAY
SEC likely to reject Ethereum spot ETF applications, insiders say – Crypto Briefing
Share this article
Spot Bitcoin exchange-traded funds (ETFs) got the green light, but spot Ethereum ETFs might hit the red light. According to a Reuters report published today, sources familiar with recent talks between ETF issuers and the SEC suggest the agency is likely to reject spot Ethereum ETFs during their final review next month.
The SECs decisions on VanEcks and ARKs filings are due May 23 and May 24, respectively. Unlike the discussions preceding the SECs approval of spot Bitcoin funds, recent talks have lacked substance, with SEC staff not engaging in detailed conversations about the proposed Ethereum ETFs, according to four people reportedly involved in the meetings with the SEC.
Sources also noted that despite ETF issuers arguments that the approved spot Bitcoin ETFs and Ethereum futures-based ETFs set a precedent, the SECs silence on specific concerns suggests a likely rejection.
According to SEC records and sources familiar with the matter, the SEC has not had many meetings regarding the spot Ethereum ETF review. Of the few meetings, only one has been made public. This meeting was with Coinbase, concerning Grayscales bid to turn its Ethereum Trust into an ETF. Coinbase would act as the custodian for this ETF.
If the SEC were to reject Ethereum ETFs, applicants anticipate the reason would likely be broader issues, such as concerns about the quality and depth of market data regarding Ethereum.
Matt Hougan, Chief Investment Officer at Bitwise Asset Management, one of the spot Ethereum ETF applicants, suggests that the SEC might want more time to study the Ethereum futures market before making a decision.
The SECs approach to spot Ethereum ETF filings is sharply different from the past, where there was intensive and detailed dialogue before the SECs approval of spot bitcoin ETFs in January.
The securities agency had historically rejected spot bitcoin ETFs over concerns about market manipulation. However, they were eventually compelled to approve them following a successful court challenge by Grayscale Investments.
In their previous comments, analysts at JPMorgan suggested that if the SEC denies the spot Ethereum filings, the ETF issuers may initiate legal lawsuits against the agency, which could end up forcing the SEC to review and eventually approve the trading of these products.
Due to the currently frustrating situation, VanEck CEO Jan van Eck expressed a similar expectation of denial. In his recent interview with CNBC, he said VanEcks application and that of ARK Invest would be rejected first.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefings own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Read more:
SEC likely to reject Ethereum spot ETF applications, insiders say - Crypto Briefing
SEC Expected to Deny Spot Ethereum ETF Next Month – Watcher Guru
The US Securities and Exchange Commission (SEC) is expected to deny Spot Ethereum ETF approval next month, according to insiders. Indeed, a report from Reuters notes that the ongoing meetings between issuers and the SEC have dampened expectations, with rejection likely in May.
The report fortifies industry-wide expectations of Ether ETF rejections next month. That was first forecasted by Standard Chartered, and corroborated by insider testimony. However, the description of the ongoing meetings regarding the investment offering leaves little optimism of an impending approval.
JUST IN: SEC expected to deny spot Ethereum ETFs next month, Reuters reports.
Also Read: Hong Kong Bitcoin & Ethereum ETFs to Begin Trading April 30th
Since the arrival of Spot Bitcoin ETFs at the start of the year, the market has awaited what assets could be next. The positive impact that BTC offerings have had on the market as a whole has led many to opine about what another ETF could mean for furthering the industry.
However, such an approval has seemingly reached a critical point. According to a report today, Ethereum ETF approval is increasingly doubtful as noted by insiders with knowledge of the ongoing meetings. Specifically, they have assured that an approval is not to take place in the coming month.
Also Read: Ethereum ETFs To Face Rejection By May, VanEck CEO Claims
However, that is all the more disheartening by the reports of discussion in meetings between the SEC and issuers. The report describes those meetings as one-sided with the agency not discussing substantive details about the proposed product.
Those developments greatly contradict what took place before Bitcoins Spot ETF approval. The meetings in the lead-up to that decision featured intensive and detailed discussions between both sides. Subseuqnlety, it showed the seriousness of the SEC in finally reversing its position on the investment offering.
The positive taking place for an Ethereum ETF signals a far gap between the SECs willingness and issuers desire. Subseuqnlety, a plethora of issers have already re-filled applications amid yet another delay from the agency. These ongoing discussions should continue to describe the timeline of when an Ether ETF could see approval.
Read the rest here:
SEC Expected to Deny Spot Ethereum ETF Next Month - Watcher Guru
Bitcoin ETF and Ethereum Officially Approved in China to Begin trading on April 30 – 99Bitcoins
The Hong Kong crypto hub is heating up after the approval of Ethereum ETF and Bitcoin ETF triggers a landmark moment in the China cryptocurrency market lets dig in.
All-time highs not seen for Bitcoin and Ethereum in four years may come this summer, based on the news of Hong Kong launching spot ETH and BTC ETFs next week.
Following the United States sizable leap into the crypto with 11 Spot Bitcoin ETFs back in January, Hong Kong decided it needed to move fast to catch up in an unfolding geopolitical battle over crypto regulations.
This has led to the Securities and Futures Commission of Hong Kong giving the green light for a lineup of Bitcoin and Ethereum spot ETFs to hit the market.
Both ETFs will make their debut Hong Kong Stock Exchange this Tuesday, April 30, 2024.
Hong Kongs seal of approval on the Ethereum and Bitcoin ETF side marks a significant stride forward, especially considering that the US SEC is hitting the pause button on Ethereum spot ETFs until June.
Despite banning cryptocurrency mining once, (actually 30 times off and on in China), China Asset Management (China AMC) executives now welcome Web3 with open arms.
At the heart of these ETFs is their regulated status, which adds convenience, efficiency, and safety to BTC and ETH, making them attractive for retail and institutional investors alike.
Among approved ETFs are the Bosera Hashkey Bitcoin ETF, Bosera Hashkey Ether ETF, China AMC Bitcoin ETF, China AMC Ether ETF, Harvest Bitcoin Spot ETF, and Harvest Ether Spot ETF. Its a digital smorgasbord within the comforting confines of regulation.
(Bloomberg Media)
Crypto is awash with news to be bullish about in 2024.
Investors like Arthur Hayes say we dont have imagination for whats coming. Here are a few recent updates:
As our analysts at 99Bitcoins have told you, the rest of 2024 will be macro summer.
With ETFs slowing pouring in liquidity, both Ethereum and Bitcoin have the catalysts for new all-time highs.
EXPLORE:3 No-Brainer DePIN Crypto Projects to Watch Out For
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Originally posted here:
Bitcoin ETF and Ethereum Officially Approved in China to Begin trading on April 30 - 99Bitcoins
Ethereum Spot ETFs Is Likely Face SEC Denial in May: Reports – BSC NEWS
Some experts remain optimistic about future approvals and the positive effect they could have on Ethereum's valuation despite this anticipated setback.
The Securities and Exchange Commission (SEC) is expected to deny several applications for Ethereum spot exchange-traded funds (ETFs) this May, according to anApril 24 report from Reuters.
Recent interactions hint at a disapproving stance from the agency, which remains skeptical of the cryptocurrency sector under Chair Gary Genslers leadership.
Several applicants expect the SEC to reject ether ETFs due to issues such as the nature and depth of statistics regarding ether's underlying market.
U.S. issuers, including notable firms VanEck and ARK Investment Management, anticipate rejections after unproductive discussions with the SEC. The decision deadline for VanEck and ARK's applications is set for May 23 and May 24, respectively.
Issuers cite the approval of Bitcoin spot ETFs as example, arguing the SEC should have a consistent approach. However, the SEC's rigorous examination of these earlier products contrasts sharply with its current stance on Ethereum ETFs, which may reflect its ongoing concerns about market manipulation and the maturity of underlying market mechanisms.
Standard Chartered also recently noted that investors cannot expect the Securities and Exchange Commission to approve Ethereum's ether (ETH) ETFs in May, as previously predicted.
Despite potential setbacks, some industry experts like Jupiter Zheng from HashKey Capital remain optimistic. Even if Ethereum ETFs are rejected, it may merely be a bump in the road rather than a roadblock, suggested Zheng in an interview withCoinTelegraph.
Likewise, Zheng expressed optimism about the potential bullish effects of an approved ETF, especially one that includes staking, which could trigger a wave of short liquidations and further drive Ethereum's price higher. Crypto investors like Jelle highlight potential bullish trends for Ethereum, drawing parallels to previous market cycles around Bitcoin halving events.
Crypto analysts have adjusted their forecasts, with Bloombergs Eric Balchunas suggesting only a 35% chance of approval. This skepticism mirrors the broader sentiment among financial analysts, pointing to the SECs consistent hesitancy to fully embrace the crypto sector.
Even with potential rejections, the pursuit of Ethereum spot ETFs is likely to persist. Issuers are preparing additional disclosures in hopes of keeping discussions with the SEC alive.
The anticipated denial is already affecting Ethereum's market performance, which lags behind Bitcoins yearly gains. Ethereum $ETH is down by 5.6% in the last 24 hours andtrading at $3086,as of writing.
More:
Ethereum Spot ETFs Is Likely Face SEC Denial in May: Reports - BSC NEWS
PEPE and FLOKI 50% Price Bounce: Top Ethereum Memecoins? – CCN.com
Key Takeaways
The memecoin sector has been the best performing one in 2024, leaving behind other promising sectors such as gaming and AI tokens. In the previous bullish cycle, the dominant memecoins were part of the Ethereum ecosystem. In the current one, Solana memecoins are attempting to take Ethereums throne.
Specifically analyzing Ethereum memecoins, it seems that newer creations such as FLOKI and PEPE are the ones leading the charge, leaving more established ones such as DOGE and SHIB behind. Is this trend true, and if so, will it continue for the rest of 2024? Regarding FLOKI and PEPE, which will be the one at the forefront of this increase?
The daily time frame chart shows that PEPE has fallen inside a descending parallel channel since its high of $0.0000108 on March 14. The decrease led to a low of $0.0000039 on April 13.
The fact that the decrease was perfectly inside the channel suggests the decrease is part of an A-B-C corrective structure (black). In the bigger picture, the wave count suggests it marked wave four in a five-wave upward movement (white).
The PEPE price has increased significantly since its bottom (green icon). PEPE broke out from the channel yesterday and now attempts to validate it as support (green circle).
The most likely target for the top of the increase is between $0.0000150-$0.0000175. The target is found by the 1.61 external Fibonacci retracement of wave four (black) and by giving wave five the same length as waves one and three combined (white).
The FLOKI price action and wave count is almost a carbon copy of PEPE. FLOKI has completed an A-B-C correction since March 14, in what is likely wave four (white). Currently, FLOKI attempts to break out from its own descending parallel channel (red icon). Doing so will confirm wave five is underway.
The main difference between the price movement of the two is that while PEPE has already broken out from its channel, FLOKI still attempts to do so. In context of their future movement, this could cause PEPE to be the one to take the reins and reach a new yearly high first.
If the price breaks out, a likely target for the top of the upward movement is at $0.00043. The 1.61 external Fibonacci retracement of wave four creates the target. If reached, it will mark a new yearly high.
Previously, we noted that in the current memecoin bullish cycle, FLOKI and PEPE are replacing DOGE and SHIB as the dominant memecoinsdespite their smaller market caps. This holds true when analyzing the movement in 2024.
Since the start of the year, PEPE (orange) has increased by 420% while FLOKI (red) by 400%. In contrast, SHIB (white) and DOGE (blue) have increased by 133% and 63%, respectively.
While the shape of the movement has been nearly identical, the magnitude of the PEPE & FLOKI increases is much larger. Additionally, the new memecoins have been the first to move, followed by SHIB & DOGE.
The trend has held even in the short-term recovery. All four memecoins reached a bottom in 2024, but they have recovered at a very different rate. PEPE has increased by 55% since the low, followed by FLOKI at 46%.
On the other hand, SHIB has increased by 23%, while DOGE by only 5%.
So, the performance of the four Ethereum memecoins confirms that FLOKI and PEPE have replaced SHIB and DOGE as the dominant memecoins this cycle. This holds true when analyzing the performance in 2024 and the recovery from the recent dip.
The notable PEPE and FLOKI price increases in both the entirety of 2024 and since April 14 suggest they are the two memecoins leading the Ethereum ecosystem. Their prices are both primed to continue their increase and reach new yearly highs in May. Due to the breakout from its channel, PEPE is more likely to do so first.
Was this Article helpful? Yes No
Read the rest here:
PEPE and FLOKI 50% Price Bounce: Top Ethereum Memecoins? - CCN.com
Ethereum Price Targets $3,500 as Investors stake $620M after Bitcoin Halving – The Crypto Basic
Ethereum (ETH) price opened trading at $3,140 on April 25, as the pioneer smart-contract network begins to show early signs of an imminent recovery phase. On-chain data trends show ETH investors reaction to the Bitcoin halving could be pivotal to the next rally.
Is Ethereum price on the verge of revisiting $3,500?
The Bitcoin network executed its 4th Halving on April 20, sparking wild volatility across the global crypto markets as investors move to front-run potential gains from the landmark event.
Since the Bitcoin halving, Ethereum price has struggled for momentum amid falling market liquidity and skittish sentiment among short-term swing traders. But curiously, on-chain data trends show that Ethereum node validators have taken on a more positive outlook.
The chart below shows official data on the real-time changes in the number of ETH coins deposited in the Ethereum Proof-of-Stake (PoS) Beacon Chain smart contracts.
On the Bitcoin halving day on April 20, the total staking deposits on the Ethereum Beacon chain stood at 31.6 million ETH. Interestingly, investors have since staked an additional 300,000 ETH, bringing the total stake to 31.9 million ETH at the time of writing on April 25.
- Advertisement -
Like every PoS network, increasing number of staked coins enhances the security of the Ethereum network. But more importantly, it reduces the short-term market supply. During a period of slow market demand, this could be critical in slowing down the sell-side pressure.
Valued at the current prices, it implies that Ethereum have staked coins worth over $620 million within 5-days of the Bitcoin Halving. Evidently, this has played a pivotal role in helping ETH price defend the $3,000 support level in the last few days.
Albeit temporarily, node validators pulling $620 million ETH from the immediate market supply puts Ethereum price on course to consolidate above $3,000 as the bulls plot the next attempt at the $3,500.
However, to reclaim $3,500, IntoTheBlocks In/Out of the Money chart below shows that ETH must first scale the looming sell-wall at the $3,250 territory.
As illustrated above, 2.1 million addresses had acquired 4.58 million ETH at an average price of $3,236. If they opt to exit at their break-even point, the ETH price could experience intense headwinds and struggle to break above $3,250 in the near term.
If the Ethereum stakers keep depositing more coins into the Beacon chain, bulls could capitalize on the thinning market supply to stage a decisive breakout above $3,500.
However, in the event of a bearish reversal, ETH could tumble as low as $2,918 before finding a formidable support cluster.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
Read more here:
Ethereum Price Targets $3,500 as Investors stake $620M after Bitcoin Halving - The Crypto Basic
Digital Bonds Ltd Launches USDC-Denominated Zero Coupon Bond on Ethereum – CoinTrust
Digital Bonds Ltd has introduced a zero coupon digital bond governed by English law, directly on the Ethereum public blockchain. The bond, denominated in USDC, is fully backed by US Treasury Bills, acquired through the proceeds of issuance and held under an English law governed security deed with Ankura Trust Company, LLC acting as Security Agent for the bondholders benefit.
PV01 Capital Markets Ltd, a licensed startup based in Bermuda, orchestrated the transaction, with support from the Hogan Lovells team. Sharon Lewis, Head of Financial Institutions Sector Industry Group, along with partner Bryony Widdup and senior associate Andrea Salsi, advised PV01 as Arranger and Tokenizer. Additionally, partner Kit Johnson and senior associate Axel Delaud provided counsel to Ankura Trust Company, LLC as Security Agent. PV01 specializes in innovative tokenization services, emphasizing the integration of blockchain technologies and traditional financial markets.
The issuance of the Digital Bond occurred on-chain in dematerialized form, allowing for seamless transferability among investors through bearer-like features, thereby eliminating the necessity for a central securities depository.
Furthermore, the Hogan Lovells Digital Assets and Blockchain Hub offers comprehensive resources on digital capital markets, including a webinar series discussing the digitalization of bonds in the UK, EU, and U.S.
This initiative by Digital Bonds Ltd, facilitated by PV01 Capital Markets Ltd and supported by legal expertise from Hogan Lovells, signifies a significant advancement in digital capital markets. By leveraging blockchain technology, the issuance of digital bonds presents a transformative opportunity for enhanced efficiency, transparency, and accessibility in the financial industry.
Follow this link:
Digital Bonds Ltd Launches USDC-Denominated Zero Coupon Bond on Ethereum - CoinTrust
Ethereum Faces Resistance Amidst Market Gains: Justin Sun’s Activity And ETF Launch Awaited – The Merkle News
Two titans in the blockchain industry NAGA and Ontology have just teamed up to change the way the world does business. Heres everything you need to know.
In an exciting announcement, two major players in the cryptocurrency space NAGA and Ontology have formed a long-term strategic partnership in an effort to effect significant and powerful change in the way business is conducted. Together, the two projects aim to bring high-performance public blockchains to the gigantic financial-technology (fintech) market, along with a series of complete distributed ledgers and smart contract systems.
Disclosure: This is a Sponsored Article
NAGA is diverse yet unified cryptocurrency ecosystem which offers the worlds first crypto-gateway to trade any sort of financial instrument and virtual good in a secure and transparent way. Ontology, on the other hand, is a new high-performance public blockchain and distributed trust collaboration platform.
Together, the two blockchain titans will explore application development, outreach, incubation, and the building of a new generation of public blockchain infrastructure and distributed trust ecosystems with the intention of supporting real business applications and scenarios. NAGA Founder and Executive Director Yasin Sebastian Qureshi stated:
We think that this partnership can really change the way crypto companies act and execute their promises. Our and Ontologys precision and hard-working ethos will help us to not only deliver products ahead of the roadmap, but to also make them more reliable and more valuable for the whole community.
NAGA Founder and Executive Director Benjamin Bilski also added:
We are super excited about the Ontology project and we are eager to announce new developments in cooperation with the platform. We believe that it will help to boost and grow our business exponentially.
Likewise, Ontology Founder Jun Li also expressed his excitement over the strategic partnership, stating:
We are happy to welcome NAGA to build up the application ecosystem through wielding Ontologys next-generation public chain infrastructure [] We feel confident that together we can open up the international market, expand the Ontology ecosystem, and advance global blockchain development.
It is hard to overstate just how large of an announcement this partnership is, as two massive projects with the scope and vision of NAGA and Ontology rarely form such strategic partnerships.
NAGA currently has a number of big projects in operation, including its NAGA WALLET, NAGA TRADER, NAGA CARD, NAGA COIN (NGC) and several others. The ecosystem is already one of the largest and most fully-realized in the cryptocurrency space, and the addition of Ontologys power will only further solidify its already more-than-solid project.
The match is also a logical one, and far more than a mere PR stunt.
At the heart of NAGA is the aim to provide financial inclusion to individuals all over the world, while also providing the best products the industry has to offer. Likewise, Ontology is firmly focused on trust, identity, data exchange, and authorization, with its sights firmly set on the insurance industry, governments, and the medical sphere. The broad scope of Ontologys project makes it the perfect fit for NAGAs ecosystem, as it provides even more efficiency and trust.
What do you think about the strategic partnership between NAGA and Ontology? Be sure to let us know in the comments below!
Originally posted here: