London hardfork

POKKET: Crypto Market Update (Aug 8)

POKKET: Crypto Market Update (Aug 8)

Bitcoin is +2.0% to $44,000, ETH continues to climb, now at $3100 +6.5%. Movers are ALPHA +19%, ZRX +17%, OXT +16%, DODO +11%, UNI +10%. $30M in Ethereum has been burned over the past two days post-EIP-1559 implementation. The entire crypto market is being lifted up after the London hard-fork on Friday, despite all the major developments in the US Infrastructure Bill which goes to a vote over the weekend. Brian Armstrong of Coinbase made a tweet thread explaining the dangers to in…
POKKET: Crypto Market Update (Aug 6)

POKKET: Crypto Market Update (Aug 6)

Bitcoin is +1.8% to $40.2k, ETH +3.6% to $2800 after the London hard-fork. Movers are TRU +240%, FIS +117%, INJ +19%, DLT +18%, AST +17%, POND +14%. Ethereum’s London hard-fork initiated without any large disruptions and services are starting to implement the upgrades — uptake of the new chain is ~1%, which is anticipated to slowly ramp up to eventual full adoption. Ethan Allen, the furniture maker, is dropping their stock ticker $ETH after lots of confusion and pamping of th…
POKKET: Crypto Market Update (Aug 5)

POKKET: Crypto Market Update (Aug 5)

Bitcoin is up +3.6% to just a touch under $40k, ETH is up a whopping +8.3% to $2700 prior to the EIP-1559 fork. Movers are COMP +16%, AXS BQS TRU PNT +13%, ALPHA +12%, rest are calm. Ethereum’s long awaited London hard fork happens soon, which includes the big change EIP-1559 which changes how transactions are structured by introducing a new base fee to make transaction costs transparent and less of a guessing game. It will also add a level of gamification by burning the transition fees, wh…
POKKET: Crypto Market Update (July 7)

POKKET: Crypto Market Update (July 7)

Bitcoin price is flat to trade $34k, ETH is +3% to $2300. Movers are AXS +38%, ALPHA +30%, DODO +29%, LINA +20%, ALICE SAND +18%, nothing stands out on the downside. FinCEN has appointed its first Chief Advisor for crypto, Michele Korver, who previously worked for the DoJ. Total NFT sales volumes for the first half of 2021 has hit $2.5B. China's central bank forced a shutdown of a software-maker over alleged crypto trading, stating the company "was suspected of providing software services for vi…