Ethereum
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ETH · 2w

Bitcoin Approaches $11,000, Buterin Drops Ethereum Bombshell, and Binance Coin Surges – eToro Crypto Roundup

Bitcoin remains buoyant and is now approaching $11k for the third time despite repeated waves of uncertainty crashing over the crypto market.

Last Thursday, US regulators filed charges against the founders of crypto exchange BitMEX, who stand accused of failing to prevent money laundering.

Adding to the uncertainty, Ethereum founder Vitalik Buterin dropped another bombshell, claiming in a developer thread that the blockchain is currently “nearly unusable” for many types of apps, and that scaling solutions won’t be ready for several years.

These events conspired against the market, sending Bitcoin on a brief detour to $10,300, before it bounced on Friday as Trump tested positive for Covid-19 following a fiery debate with presidential candidate Joe Biden.

This week’s highlights eToro launches staking for Cardano and Tron BNB gains from BitMEX’s loss Zcash surges on shielded transaction adoption eToro launches staking services

eToro has launched a staking service for Cardano and Tron, becoming one of the first exchanges to support the staking of Cardano. This allows holders of supporting cryptocurrencies to earn as they hodl, without any of the hassle and complication of staking individually.

To get rewarded, users can simply buy and hold Cardano and Tron on eToro. They will then automatically receive more of the crypto asset each month, along with an email detailing the aggregated monthly yield and total reward given.

Learn more about staking Cardano and Tron.

BNB gains from BitMEX’s loss

Traders have fled the BitMEX exchange as the founders face charges of wrong-doing from U.S. authorities.

Yet while BitMEX is under scrutiny, Binance Coin (BNB) is feeling the benefit. The native token of the Binance Chain has increased more than 8% over the past week, and is now rapidly approaching $30. This rally puts the coin back in the top five cryptocurrencies as measured by ma...

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