Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li><keyword id="12324570" type="UNKNOWN" weightage="60" keywordseo="wallstreetbets-founder-jaime-rogozinski" source="Orion">WallStreetBets founder Jaime Rogozinski</keyword> talks to Insider about his blockchain-based trading platform <keyword id="12324565" type="UNKNOWN" weightage="60" keywordseo="wsb-dapp" source="Orion">WSB DApp</keyword>. </li><li>"This is very much a way for me to say crypto and Wall Street are definitely going to merge," says Rogozinski. </li></ul><keyword id="12324564" type="UNKNOWN" weightage="60" keywordseo="jaime-rogozinski" source="Orion">Jaime Rogozinski</keyword>, the founder of<a href="https://www.reddit.com/r/wallstreetbets/"> WallStreetBets</a>, believes there's potential for a new investment product tracking the stock bets made by US House Speaker Nancy Pelosi's husband, whose trading has sparked outrage and fascination in equal measures among amateur traders.In an interview, he suggested a Pelosi-themed exchange-traded portfolio could emerge on the latest iteration of his campaign to empower retail investors - a platform called <a href="https://www.wsbdapp.com/">WallStreetBets DApp</a>."I got this idea, somewhat of a joke, but I can't shake it so I'm probably going to start pushing for it, which is this '<keyword id="12324568" type="UNKNOWN" weightage="60" keywordseo="nancy-etp" source="Orion">Nancy ETP</keyword>,'" Rogozinski told Insider.But his vision for <keyword id="12324566" type="UNKNOWN" weightage="60" keywordseo="wallstreetbets-dapp" source="Orion">WallStreetBets DApp</keyword>, a blockchain-based shop for stocks and other assets, extends far beyond one potentially trendy ETP. A strategic partner in the project, Rogozinski wants ordinary investors to build their wealth with the same kind of community-powered energy that the <keyword id="12055566" type="UNKNOWN" weightage="60" keywordseo="wallstreetbets" source="Orion">WallStreetBets</keyword> forum on Reddit used to<a href="https://businessinsider.mx/how-reddit-day-traders-are-using-the-platform-to-upend-the-stock-market-and-make-money-in-the-process/"> upend the trading world this year</a>. WallStreetBets was thrust into the spotlight in January after retail investors active on the site banded together to drive a massive upsurge in video-game retailer <a href="https://markets.businessinsider.com/stocks/gme-stock">GameStop's</a> stock price, squeezing hedge funds shorting the so-called meme stock. The WSB DApp is an expression of what Rogozinski sees as the next big thing in the financial world. "This is very much a way for me to say crypto and Wall Street are definitely going to merge and they're starting to spill into each other already," he told Insider during a video interview from Mexico City, where he lives with his family."For far too long, I made the mistake of assuming blockchain technology and cryptocurrencies were one in the same thing - and they're not," Rogozinski said. "This whole DeFi (decentralized finance) infrastructure that's able to create a parallel ecosystem in finances is astoundingly powerful, more than I could have imagined." 'Nancy ETP'Rogozinski's idea for an automated "Nancy ETP" would highlight a key feature on WSB DApp. The platform allows community members to propose the creation and makeup of ETPs, which can hold a mix of assets such as domestic and international equities, cryptocurrencies, and metals.The WSB DApp platform has a native token, the $WSB governance token, that people can buy and then use to vote on the type of assets and weightings that should go into an ETP. In an<a href="https://markets.businessinsider.com/news/currencies/wall-street-bets-founder-creating-blockchain-app-to-fight-corruption-2021-5"> example given in May</a>, token holders who think<a href="https://markets.businessinsider.com/stocks/tsla-stock?utm_source=markets&amp;utm_medium=ingestgest"> Tesla</a> should make up 90% of a particular ETP instead of 10% can vote on it by signing a transaction using their $WSB tokens during voting cycles.At the same time, a Pelosi-centered ETP would apply the "if you can't beat them, join them" notion to investing while also drawing attention to outrage and debate over<a href="https://www.businessinsider.com/congress-stock-act-violations-senate-house-trading-2021-9"> stock trading by members of Congress</a> and their families, Rogozinski said. In the case of Paul Pelosi, one trade in particular stood out. It involved shares of Google parent<a href="https://markets.businessinsider.com/stocks/googl-stock?utm_source=markets&amp;utm_medium=ingestgest"> Alphabet</a> that made $5.3 million for him prior to a House Judiciary Committee vote on tech antitrust regulation. Spokespeople for Speaker Pelosi told media outlets she owns no stock herself and had no knowledge of her husband's equity purchases. Meanwhile, as the uproar continues, "people are able to make money," with a product like the "Nancy ETP", said Rogozinski. "Nothing's sure but past performance is definitely impressive," he said broadly of Paul Pelosi's stock picks.The strong performance of his stock picks over the last two years has prompted many retail investors to<a href="https://markets.businessinsider.com/news/stocks/nancy-pelosi-husband-stock-trades-retail-traders-mirror-2021-10"> mirror Paul Pelosi's investments</a>. Meanwhile, memes about Nancy Pelosi have popped up, suggesting she's a skilled investor that can make money off of insider information.Life after moderating WallStreetBetsThe Pelosi controversy has the right mix of ingredients to thrive in discussions on the WallStreetBets forum, which Rogozinski created in 2012 in a quest to find a place for ideas about aggressive, money-making trades. But in<a href="https://www.insider.com/wallstreetbets-reddit-history-gme-gamestop-stock-dow-futures-yolo-2021-1"> April of 2020</a>, he was removed as a moderator on WallStreetBets after being accused by other moderators of trying to profit from the subreddit.He sold the rights to his life story to RatPac Entertainment in exchange for a payment in the low six figures, according to a<a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.wsj.com%2Farticles%2Freddits-wallstreetbets-founder-sells-life-story-to-movie-producer-ratpac-entertainment-11612440001%3Fmod%3Dpls_whats_news_us_business_f"> Wall Street Journal report</a> in May. More about the dispute will be revealed through projects the entertainment company plans to produce, which could include movies, podcasts, TV shows, and other vehicles, he said. "The documentary is well underway and will be out next year," Rogozinski said. And while he's no longer a WallStreetBets moderator, his WSB DApp platform looks to continue its mission of democratizing <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword>. Using the $WSB token, retail investors will rebalance ETPs, not by "opaque and politically connected" banks and hedge funds, WallStreetBets said in May.

WallStreetBets founder Jaime Rogozinski breaks down the Nancy Pelosi stock controversy, and details his next project for retail investors

<ul class="summary-list"><li><keyword id="13037119" type="UNKNOWN" weightage="60" keywordseo="dappradar" source="Orion">DappRadar</keyword> sees 80% of <keyword id="11899100" type="UNKNOWN" weightage="60" keywordseo="defi" source="Orion">DeFi</keyword> apps vanishing if the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> bear run lasts, according to a Bloomberg report.</li><li>Plunging crypto has seen <keyword id="12681147" type="UNKNOWN" weightage="60" keywordseo="liquidations" source="Orion">liquidations</keyword> and usage drop in DeFi apps, Bloomberg reported Tuesday.</li></ul>Four out of five DeFi apps could disappear if the crypto rout lasts for a year, says DappRadar, according to a <a href="https://www.bloomberg.com/news/articles/2022-01-25/defi-shakeout-seen-as-liquidations-lead-to-crypto-user-exodus?utm_source=twitter&amp;utm_campaign=socialflow-organic&amp;utm_medium=social&amp;utm_content=crypto">Bloomberg report</a> Tuesday."As far as <keyword id="12751906" type="UNKNOWN" weightage="60" keywordseo="crypto-winter" source="Orion">crypto winter</keyword>, DeFi dapps have never gone through it," Pedro Herrera, senior data analyst at tracker DappRadar, was quoted as saying by Bloomberg."They have experienced crashes, but this feels like a prolonged one. Probably 20% of the apps that hold 80% of the industry value will survive," he said.Cryptocurrencies have come under intense pressure so far in January, with <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword> tumbling to six-month lows. Meanwhile, some of 2021's <keyword id="11961768" type="UNKNOWN" weightage="60" keywordseo="altcoin" source="Orion">altcoin</keyword> stars — such as solana, cardano and polygon — have fallen even more sharply this month, losing almost 40% in value. Decentralized finance, or DeFi, has a taken a drastic hit from the crypto market's ongoing bear run. Almost <a href="https://dune.xyz/dsalv/Liquidations">$300 million</a> assets were liquidated in DeFi protocols in the last week, according to industry data tracker Dune Analytics, as reported by Bloomberg.A report by <a href="https://news.bitcoin.com/value-locked-in-defi-slides-21-in-2-weeks-200b-tvl-still-10x-larger-than-this-time-last-year/">Bitcoin.com</a> found the value locked in DeFi has fallen by over 20% since January 4, although it is still 10 times higher than this time last year.There are almost 150 active DeFi-related decentralized apps, or dapps. They currently hold $30 billion less than at the start of 2021, according to DappRadar. Usage of DeFi dapps is decreasing, with active user wallets interacting with the major apps falling 20-30% in the last two weeks, it said. Ethereum-based DeFi apps such as Aave, Compound and MakerDAO processed a record $200 million of liquidations on Friday, data from Dune Analytics shared by Delphi Digital shows, <a href="https://www.coindesk.com/markets/2022/01/25/ethereum-money-markets-see-record-liquidations-as-ether-tanks-makerdao-revenue-surges/">according to CoinDesk</a>. DeFi apps aim to<a href="https://www.cnbc.com/2021/03/17/mark-cuban-learn-about-defi-nfts-cryptocurrency-like-eth.html"> recreate traditional financial systems</a> with cryptocurrency. Most run on the <keyword id="11892696" type="UNKNOWN" weightage="60" keywordseo="ethereum" source="Orion">ethereum</keyword> blockchain. Falling ether prices triggered the mass liquidation in DeFi apps. Ethereum's native ether token, the world's second largest by market value after bitcoin, is down 32% year to date.

A long 'crypto winter' of falling prices could end up killing off a slew of DeFi apps, according to DappRadar: report

<ul class="summary-list"><li><keyword id="11892696" type="UNKNOWN" weightage="60" keywordseo="ethereum" source="Orion">Ethereum</keyword> is a general-purpose decentralized computing platform that uses blockchain technology.</li><li>Ether (ETH) is Ethereum's native currency, and it is currently the second-largest <keyword id="11892695" type="UNKNOWN" weightage="60" keywordseo="cryptocurrency" source="Orion">cryptocurrency</keyword> by volume.</li><li>Despite its popularity and wide applications, Ethereum remains a highly speculative investment. </li></ul>Ethereum and Bitcoin have nearly become household names. However, while they're often mentioned in tandem, they're far from the same. Bitcoin was created as an alternative, decentralized currency. Ethereum draws inspiration from Bitcoin, but has bigger aspirations: To create a software platform that not only supports cryptocurrencies, but any kind of decentralized application that can run without the need of a third party, thus giving people more control over their data. <h2>What is Ethereum? </h2>Ethereum is an open-source, decentralized computing platform network. The Ethereum network works like the <a href="https://www.businessinsider.com/what-is-bitcoin">Bitcoin network</a> in that it's built on blockchain technology, essentially a digital public ledger where financial agreements can be verified and stored entirely by software - without intervention of a third party. The easiest way to think of the Ethereum network is as a secure database that's accessible to anyone. When new "blocks" of data get added, they're cryptographically "chained" to a parent block, effectively making an uneditable record of the previous changes. Ethereum is considered one of the largest <a href="https://www.businessinsider.com/what-is-cryptocurrency">cryptocurrencies</a> (next to Bitcoin), because ether is the second largest crypto next to bitcoin by market capitalization. Note: The process of mining cryptocurrency is known as proof of work. However, Ethereum developers have plans to adopt an alternative method, <a href="https://www.coindesk.com/proof-of-stake">called proof of stake</a>, which requires less energy and makes mining more accessible.But what makes Ethereum so exciting to users and enthusiasts is the network's potential to do more than just handle financial transactions. Ethereum takes the Bitcoin blockchain further by allowing developers to run programs (known as "smart contracts") that can host any kind of decentralized application (known as "dApps"). "Bitcoin was the pioneer of blockchain technology, used to create a peer-to-peer payment system," says Jacob Wade, a financial coach and president of <a href="http://iheartbudgets.net.">iHeartBudgets</a>. "Ethereum uses similar blockchain technology, but added the ability to create decentralized applications on top of its platform." People have already created and launched a variety of dApps on Ethereum, including games, marketplaces for digital art, and decentralized <keyword id="11895316" type="UNKNOWN" weightage="100" keywordseo="finance" source="Orion">finance</keyword> (DeFi) apps.<h2>How does Ethereum work? </h2>Ethereum works by using computing power to power the network. In practice, this means people and organizations are using their computers to run specific software, or nodes. Anyone can set up their computer to run a node. "Ethereum relies on node operators to process transactions on the Ethereum network," says Wade. "These operators collect a fee for running the hardware and software necessary to facilitate these transactions." The fees are called gas fees because they keep the network running. And they're paid in <a href="https://markets.businessinsider.com/currencies/eth-usd">ether</a> (ETH). Consider the many ways that you could use a large network of computers. Similar to Bitcoin, Ethereum uses it to power peer-to-peer transactions and track who owns the ether cryptocurrency. Additionally, developers can create and run dApps on the network. The dApps connect to the Ethereum blockchain with "smart contracts," which are more like computer programs than contracts in the traditional sense of the word. "Smart contracts are small programs stored on the Ethereum blockchain that can self-execute when certain conditions are met," says Robert Farrington, founder of <a href="https://thecollegeinvestor.com/">The College Investor</a>. "A good way to think about it is that the dapp is the front-end of the program, and the smart contract is the backend of the program."Also, dApps rely on the decentralized and open-source Ethereum network and can't be controlled by a single entity. In fact, once a dApp is added to the Ethereum platform, it can't be taken down - even if the original creator wants to remove it or disbands entirely. The decentralized system can lead to more anonymity for users, who may be able to pseudonymously use dApps. And it can also result in less control and censorship from third parties, including corporations and governments.<h3>Is ether the same as Ethereum?</h3>Ethereum and ether work in tandem, but they're not the same. "Ethereum is the technology, and ether is the actual cryptocurrency," explains Farrington. "You can think of ether as the actual 'cash' or fuel that powers the Ethereum network." If you want to invest in Ethereum, you can buy ether on a cryptocurrency exchange. You may also be able to use ether to buy other products or services, similar to how you can use bitcoins and other currencies. Ether could also potentially act as a "<a href="https://markets.businessinsider.com/news/currencies/ethereum-ether-network-upgrades-store-of-value-saxo-bank-2021-7">store of value,</a>" similar to how you may want to <a href="https://www.businessinsider.com/how-to-buy-gold">buy and hold gold</a>.<h2>A brief history of Ethereum </h2>Ethereum was originally conceived of by <a href="https://www.businessinsider.com/vitalik-buterin-created-ethereum-one-of-the-worlds-three-largest-cryptocurrencies-2019-1">Vitalik Buterin</a>, who published an introductory white paper on the idea in 2013. The basic idea was to build on the blockchain technology that Bitcoin uses to create a decentralized and programmable platform. Here are a few key moments in Ethereum's history beyond its original inception:<ul><li>2014: Ether goes on sale for the first time and people could initially buy 2,000 ether for one bitcoin. The Ethereum blockchain publicly launched the next year. </li><li>2016: The <a href="https://www.insider.com/dao-hacked-ethereum-crashing-in-value-tens-of-millions-allegedly-stolen-2016-6" target="_blank" rel="noopener">decentralized autonomous organization (DAO) hack</a> leads to a disagreement about whether people should get back the money they lost. The resulting DAO fork leads to the creation of Ethereum Classic - a continuation of the original blockchain - and Ethereum. </li><li>2017: Popular dApps launch, including the CryptoKitties game. The price of ETH increased from around $8 to over $700 during 2017. </li><li>2021: The London hard fork makes several important changes, including EIP-1559, which makes network fees more predictable and reduces the supply of ether.</li></ul><h2>Forks of Ethereum</h2>Ethereum has also changed since it was first launched. "When blockchain technology changes (or upgrades), a fork can occur - just like a fork in the road," says Farrington. "When this happens, it can be a soft fork or hard fork." In general, there are what's known as soft forks and hard forks in ethereum:<ul><li>Soft forks can be minor changes that are backward compatible. Node operators can stay connected to the blockchain, but they're incentives to upgrade to the latest version if they want to continue earning ether. </li><li>Hard forks are major upgrades that can significantly change the system and aren't backward compatible. Node operators need to switch to the latest version to keep the blockchain going. Or, if there's a disagreement, a split could result in two competing blockchains.</li></ul>Often, changes are proposed and discussed in an attempt to form consensus before making a change. For example, there's a multiple-step upgrade to <a href="https://markets.businessinsider.com/news/currencies/ethereum-upgrades-boost-ether-price-eip1559-prrof-of-stake-2021-5">Ethereum 2.0</a>, which may be completed in late 2021 or early 2022. The update will make significant changes to how Ethereum works, and may help make it more scalable and ecologically sustainable.<h2>Ethereum vs. Bitcoin</h2>Ether and bitcoin are both popular cryptocurrencies that rely on blockchain technology, but they're far from identical. "Ethereum is also a technology platform that enables smart contracts - which is very different from Bitcoin, which is essentially just a store of value," says Farrington. "This aspect of smart contracts on Ethereum unlocks a lot of potential use cases that you can't do with Bitcoin."<table style="border-collapse: collapse; width: 100%;" border="1"><tbody><tr><td style="width: 50%;">Ethereum</td><td style="width: 50%;">Bitcoin</td></tr><tr><td style="width: 50%;"><ul><li>It's an open-source platform built with blockchain technology that uses the ether cryptocurrency. </li><li>Developers can create and run dApps on the Ethereum network. </li><li>The total number of potential ether isn't predetermined.</li></ul></td><td style="width: 50%;"><ul><li>It's a cryptocurrency built using blockchain technology.</li><li>It's primarily used to store value or purchase goods and services. </li><li>There's a finite number of bitcoins that can be created.</li></ul></td></tr></tbody></table><h2>Is Ethereum a good investment? </h2>It depends. There's no one right answer for anyone looking to invest in Ethereum. The major thing to know that like any investment - it's risky and should be considered as such before adding it to any portfolio.Ether is becoming more widely available and there's a lot of noise in the news about it's rising value - but it's always important not to get sucked into the <a href="https://www.businessinsider.com/what-is-speculation" target="_blank" rel="noopener">speculation</a> too much."It may serve some purpose in a portfolio, but it should be a very small amount and be viewed as highly speculative," says Farrington. "It's also important to note that it's still very early - so while the technology is promising, it's unknown which technology may win in the long run."In the news: <a href="https://markets.businessinsider.com/news/stocks/ethereum-upgrades-crypto-staing-industry-boom-jpmorgan-ether-2021-7" target="_blank" rel="noopener">Ethereum network changes</a> could make cryptocurrency staking a $40 billion industry within a few years. <h2>The financial takeaway</h2>Ethereum uses blockchain technology to create a decentralized platform. The ether cryptocurrency is the "fuel" that powers the network, and you can invest in the Ethereum network by buying ether. "As with any cryptocurrency, buying Ether is a speculative investment," warns Wade. "Always do your research before investing into any digital currency, and don't risk more than you are willing to lose."If you're interested in cryptocurrencies more broadly, you could also look for ways to <a href="https://www.businessinsider.com/how-to-invest-in-blockchain-technology" target="_blank" rel="noopener">invest in companies</a> that participate in the space rather than buying a single cryptocurrency.<a data-type="5fdc12cc3617355d27686ece">How to invest in bitcoin: The major ways to buy, their pros and cons, and the strategies to consider</a><a data-type="5fd1032bbca41b06e2352e87">Bitcoin taxes: Understanding the rules and how to report cryptocurrency on your return</a><a data-type="5fc82cf036173566ec233b96">Alternative investments are exotic assets that can diversify your portfolio - here are the five major kinds and everything you should know about them</a><a data-type="5fac1720bf96b9125f748159">How to diversify your portfolio to limit losses and guard against risk</a>

What is Ethereum? What to know before investing

<ul class="summary-list"><li><keyword id="1972612" type="PERSON" weightage="60" keywordseo="Coinbase">Coinbase</keyword>'s CEO disclosed plans on Tuesday to launch a <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto">crypto</keyword> <keyword id="115504" type="ORGANIZATION" weightage="60" keywordseo="App-Store">App Store</keyword> that offers third-party apps.</li><li>The idea was influenced by <keyword id="6354427" type="ORGANIZATION" weightage="60" keywordseo="apple">Apple</keyword>'s approach to building an app ecosystem of developers, he suggested.</li><li>The crypto exchange's cofounder didn't provide a timeline for the planned app store's launch.</li></ul><a href="https://markets.businessinsider.com/stocks/coin-stock">Coinbase</a> plans to launch a crypto app store to offer decentralized apps built by outside software developers, the company's CEO <keyword id="4875827" type="PERSON" weightage="60" keywordseo="brian-armstrong">Brian Armstrong</keyword> has said, in a project seemingly inspired by <a href="https://markets.businessinsider.com/stocks/aapl-stock">Apple's</a> storefront.In a <a href="https://blog.coinbase.com/embracing-decentralization-at-coinbase-7fa0e5d1084b">blog post</a> published Tuesday, Armstrong said Coinbase's goal is to allow any app built on decentralized crypto digital infrastructure to be accessible to the crypto exchange's users, by integrating a customer's wallet with their identity. He didn't say when such an App Store could launch."There is now 10s of billions of dollars of economic activity running on dApps, and a new trend coming out every three months. We'll work to give our users easy access to all of this from the main Coinbase product," wrote Armstrong, who cofounded Coinbase in 2012.Unlike traditional apps, dApps - decentralized or distributed apps - don't run on centralized infrastructure but, like bitcoin, get processing resources from a pool of thousands of computers around the world and operate on a blockchain. Thousands of dApps are already available, seen as free from control of a single entity.Apple has had an influence on Coinbase's thinking, going by Armstrong's post. The iPhone maker built an ecosystem of third-party software around its hardware by inviting developers to submit their products for listing on its App Store, for a fee."Apple didn't attempt to build every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps," Armstrong said. "We need to do the same in crypto."<div type="image" title="any app built on decentralized crypto rails will be accessible to users of the Coinbase app." height="298" width="646" msid="83983203" hostid="261"></div>At the same time, Armstrong outlined plans for the crypto exchange to become the go-to platform for people wanting to participate in the cryptoeconomy."We're seeing crypto quickly mature from its initial use case of trading bitcoin to the trading of thousands of new assets, and the adoption of new use cases like Decentralized Finance (DeFi), NFTs, smart contracts, Decentralized Autonomous Organizations (DAOs), and more," he wrote."Much of this is relatively new and there are challenges to using it, but I see it as the future of where this industry is going."Coinbase's plans come as <a href="https://www.forbes.com/sites/roberthart/2021/06/28/major-cryptocurrencies-including-bitcoin-etherum-unfazed-as-uk-regulators-ban-binance/?sh=32fb5b354517">regulators in the UK, Japan, and Canada</a> tighten their hold over crypto exchanges. A British financial regulator this week <a href="https://markets.businessinsider.com/currencies/news/binance-uk-ban-mean-local-investors-regular-trading-cryptocurrencies-fca-2021-6-1030558959">banned Binance from operating regulated activity</a> in the country, essentially communicating that those wanting to set up crypto investment products must do so in a secure and regulated environment."The crypto ecosystem shares a common goal in making this technology accessible around the globe," Colin Pape, founder of decentralized search engine Presearch, told Insider. "Governments that are early to provide the right clarity around crypto can allow their citizens to have more freedom, privacy, and control over their financial lives in the long term."In a <a href="https://markets.businessinsider.com/currencies/news/cryptocurrency-exchange-coinbase-ceo-brian-armstrong-list-every-crypto-asset-2021-6-1030560321">Twitter thread</a> on Monday, Armstrong said his exchange wants to list every crypto asset that is legally acceptable, but doesn't offer opinions on each asset's value.Read More: <a href="https://www.businessinsider.com/china-bitcoin-mining-ban-riot-blockchain-ceo-jason-les-bullish-2021-6" target="_blank" rel="noopener noreferrer">Riot Blockchain's CEO and 2 top crypto experts break down the impact of China's bitcoin mining ban on investors and miners - and detail 3 reasons why they remain bullish on the digital asset</a>

Coinbase CEO Brian Armstrong reveals plans for a crypto App Store inspired by Apple

<ul class="summary-list"><li><keyword id="11896271" type="UNKNOWN" weightage="60" keywordseo="ether" source="Orion">Ether</keyword> reached a <keyword id="12417123" type="UNKNOWN" weightage="60" keywordseo="record-high" source="Orion">record high</keyword> of $4,402 on Friday, after a significant Altair upgrade to its network.</li><li>The cryptocurrency's move higher comes days after bitcoin hit an all-time high above $66,000.</li></ul><a href="https://markets.businessinsider.com/currencies/eth-usd">Ether</a>, the native cryptocurrency of the <keyword id="11892696" type="UNKNOWN" weightage="60" keywordseo="ethereum" source="Orion">ethereum</keyword> blockchain, hit a record high above $4,400 on Friday after an important upgrade went live on its network.The digital asset rose as much as 7% to $4,402.13, according to data from <a href="https://www.coindesk.com/price/ethereum/">CoinDesk</a>, taking its gains in the last month to about 55%.Ether is up 490% so far this year. With a market cap of more than $515 billion, it is the <a href="https://www.coingecko.com/en">second-largest</a> cryptocurrency.The network's long-planned upgrade to a scalable, <a href="https://www.businessinsider.com/category/proof-of-stake?r=US&amp;IR=TIR=T">proof-of-stake</a> consensus model turned bullish sentiment higher days after <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoin</a> hit a <a href="https://markets.businessinsider.com/news/currencies/bitcoin-etf-price-prediction-btc-65000-100000-new-high-proshares-2021-10">record high</a> of $66,974 on October 20.Altair, an important upgrade for ethereum 2.0, or Eth2, was introduced on <a href="https://ethereum.org/cs/history/">October 27</a>. It is described as the first mainnet upgrade to the <a href="https://ethereum.org/cs/eth2/beacon-chain/">Beacon Chain</a> mechanism, which is at the heart of ethereum's transition to a proof-of-stake network from proof-of-work. This shift to PoS, from an energy-consuming PoW protocol, is being promoted as a faster, more secure, and more environmentally friendly network.The altair upgrade, which will test whether the Beacon Chain is functional, shows that the transition is possible, an ethereum developer Tim Beiko told <a href="https://www.cnbc.com/2021/10/28/what-to-know-about-ethereum-altair-upgrade-and-proof-of-stake.html">CNBC Make It</a>. "It means there's a slightly higher chance that things will go well for the [Eth2] transition next year," he said. The ethereum blockchain is set to undergo its substantial transition in 2022.While all the talk in the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> space has recently been dominated by bitcoin and shiba inu, <a href="https://markets.businessinsider.com/currencies/doge-usd">dogecoin's</a> ethereum-based rival, crypto cheerleaders had been waiting to see ether breakout to record highs too.Former Goldman Sachs executive Raoul Pal, whose crypto portfolio <a href="https://www.cryptoglobe.com/latest/2021/10/former-goldman-sachs-exec-explains-why-his-crypto-portfolio-is-70-eth-5-btc/">consists of 70% of ether</a> and 5% of bitcoin, said in a tweet Friday that he is "more than irresponsibly long ETH."<div type="image" title="Raoul Pal" height="245" width="467" msid="87364186" hostid="261"></div>The recent hype surrounding shiba inu particularly might have benefited ether. "This is because SHIB is an ERC-20 token, so whenever SHIB is exchanged, some ethereum is burnt, thus reducing its supply and benefiting its price," said Nick Spanos, co-founder of Zap Protocol.Another expert said ETH's moves are far more interesting than other <keyword id="11893901" type="UNKNOWN" weightage="60" keywordseo="crypto-assets" source="Orion">crypto assets</keyword> for now. That's "especially with all that's been going on in the Dapp (decentralized apps) space over the past quarter and the amounts of ETH that have been flowing into NFTs and DeFi," said Dragos Dunica, co-founder of DeFi insight platform DappRadar."Being the leading smart contract platform, ethereum's price is being directly impacted by the growing adoption of Dapps across the most active categories of DeFi, NFTs, and gaming," he added.Dunica said he wouldn't be surprised if ether hits $10,000 before Christmas.Read More: <a href="https://www.businessinsider.com/where-to-invest-areas-market-best-positioned-win-blackrock-ishares-2021-10">The head of 'megatrends' at $3 trillion iShares shares the 4 areas of the market he thinks are best positioned to rake in big returns in the years ahead as the worst of COVID recedes</a>

You Searched For "dapps" and got 5 results

WallStreetBets founder Jaime Rogozinski breaks down the Nancy Pelosi stock controversy, and details his next project for retail investors

Carla Mozée

A long 'crypto winter' of falling prices could end up killing off a slew of DeFi apps, according to DappRadar: report

Hamza Fareed Malik

What is Ethereum? What to know before investing

Louis DeNicola

Coinbase CEO Brian Armstrong reveals plans for a crypto App Store inspired by Apple

Shalini Nagarajan

Ether hits a record high above $4,400 after a successful network upgrade clears the path for ETH 2.0

Shalini Nagarajan

Popular Keywords

Buying Guides