CryptoSlate Daily wMarket Update – Sept. 21: Top 10 tumble after Fed rate hike, XRP bucks trend

The total cryptocurrency market cap saw net outflows totaling $10.1 billion. As of press time, it stood at $907.37 billion, down 0.93% over the last 24 hours. Bitcoin’s market cap fell 0.71% over the reporting period to $359.74 billion from $365.11 billion. Meanwhile, Ethereum’s market cap was also down 4.56% to $155.88 billion from $164.03 … Read more

Research: Ethereum is neither decentralized nor deflationary

Ethereum is the foundation of the decentralized finance ecosystem and is automatically categorized as a decentralized network. On paper, Ethereum is a decentralized and democratic network based on a deflationary currency. In reality, it’s neither decentralized nor deflationary. Defying deflation In September 2021, Ethereum’s London hard fork introduced EIP-1559, an upgrade set to drastically change … Read more

Solana NFT marketplace Magic Eden expands to Ethereum

Solana’s (SOL) leading NFT marketplace Magic Eden has announced that it will now support Ethereum (ETH) NFTs on its platform, according to a press release shared with CryptoSlate. The platform stated that it plans to provide multichain solutions for NFT collectors and creators and has launched several tools to make that possible. These include Magic … Read more