(VIANEWS) – Twitter and Square CEO, Jack Dorsey said in July that Decentralized Finance (or DeFi) will be launched by the digital payments firm. Dorsey stated that the project would enable DeFi, non-custodial and permissionless services for Bitcoin.

On Thursday, Ethereum co-creator Vitalik Buterin slammed Jack Dorsey and Mark Zuckerberg’s efforts to break digital-asset ground for their firms Square and Facebook.

Buterin told Bloomberg that Bitcoin lacks the capability to fuel such a project since it was primarily meant to be a “house money.”

Buterin stated in a video interview on Thursday that Ethereum has the native capability that allows you to directly place ETH or Ethereum-based assets into smart contracts, where arbitrary circumstances may dictate how those assets are distributed.

According to Ethereum’s founder, Jack Dorsey would then have to develop his mechanism to enforce those rules.

He said that Facebook’s digital currency project Libra was stymied by a great amount of distrust. He claimed that it might be counterproductive for the social media giant’s future crypto-related efforts, like establishing its own blockchain.

Buterin advised Facebook and Square to use existing blockchain networks instead.

In the meantime, Ethereum (ETH-USD) Cryptocurrency is currently on bullish momentum growing 2.50% in the last 6 hours alone. At 12:50 EST on Thursday, 19 August, Ethereum (ETH-USD) is at $3,068.6500.

Volume

Today’s last reported volume for Ethereum is 20020946269, 45.03% below its average volume of 36422362683.68.

All-Time High and Low

Ethereum’s current value is at $3068.65, 29.61% below its all-time high of $4356.99 on Wednesday, 12 May.

Ethereum’s current value is at $3068.65, 708226.98% above its all time low of $4356.99 on Tuesday, 20 October.

Market Cap and Supply

Ethereum’s current market cap is 359354024660.

Social Status

Currently, Ethereum (ETH-USD) has 1506366 Twitter followers and 1069761 Reddit subscribers.

As of now, on Github, there are 11716 forks, 31879 stars, and 2108 subscribers.

Volatility

Ethereum’s last week, last month’s, and last quarter’s current volatility was 2.64%, 0.39%, and 4.95%, respectively.

Ethereum’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 4.29% (last week), 3.67% (last month), and 4.95% (last quarter), respectively.

Crypto Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Ethereum’s crypto is considered to be overbought (>=80).

Other News About Ethereum (ETH-USD)

Ethereum founder is skeptical of dorsey’s and zuckerberg’s plans. According to Bloomberg Quint on Wednesday, 18 August, “On Ethereum there’s native functionality that allows you to essentially directly put ETH or Ethereum-based assets into these smart contracts, into these lock boxes, where there’s then arbitrary conditions that can govern how those assets get released,” said Buterin, who is one of crypto’s most well-known developers. ”

If you had $5,000, would you put it on dogecoin or ethereum right now?. According to Benzinga on Monday, 16 August, “If you had $5,000 to invest, would you put it on Dogecoin (CRYPTO: DOGE) or Ethereum (CRYPTO: ETH) right now?”, “Dogecoin was trading at around 34 cents while Ethereum was trading at $3,200 at the time of publication.”

What’s up with ethereum classic as it follows Bitcoin, ethereum into bullish consolidation. According to Benzinga on Tuesday, 17 August, “The average daily volume for Ethereum Classic, Ethereum and Bitcoin waslow as of late afternoon, indicating traders were not exiting their positions en massewhich is a good sign for the bulls.”, “The most recent rise followed by consolidation has helped Ethereum Classic to form a bull flag pattern on the daily chart with the pole created between Aug. 13 and 15 and the flag on Monday and Tuesday. ”

Ethereum competitor solana (sol) rallies over 40% to new all-time high, transaction volumes top 24b. According to Benzinga on Monday, 16 August, “As one crypto trader pointed out, Solana processes about as many transactions in a month as Ethereum has in its entire history.”

News about Bitcoin

Btc/usd forecast: Bitcoin grinding to look for buyers – 17 August 2021. According to DailyForex on Tuesday, 17 August, “Nonetheless, Bitcoin has been in an uptrend for quite a while, and I think we are going to continue this move to the upside based upon the previous bullish flag that was the sign that we are exiting the previous consolidation area. ”

Bitcoin cash tumbles more than 3% in 24 hours. According to Benzinga on Wednesday, 18 August, “The chart below compares the price movement and volatility for Bitcoin Cash over the past 24 hours (left) to its price movement over the past week (right). “, “If you are interested in purchasing Bitcoin Cash or want to learn more about it, follow this link to Benzinga Money. ”

For Bitcoin futures etfs, the future is here. According to Bloomberg Quint on Thursday, 19 August, “The U.S. Securities and Exchange Commission has all but made clear it will probably approve Bitcoin exchange-traded funds that hold Bitcoin futures, versus ones that hold the cryptocurrency itself. “, “On this week’s Trillions, we get insight into this from two people who currently offer Bitcoin futures funds, Simeon Hyman of ProShares, who runs a Bitcoin futures mutual fund, and Steve Hawkins of Horizons, who runs a Bitcoin futures ETF in Canada. ”

Crypto community remembers how nixon killed the dollar, reminds Bitcoin is A solution. According to Benzinga on Monday, 16 August, “Hardcoded into the first-ever Bitcoin network’s block was a headline of January third, 2009th issue ofThe London Times: “Chancellor on brink of second bailout for banks.”, “For those reasons, Bitcoin proponents bring to everyone’s attention that the current financial system is broken, exploitative, and nothing more than an illusion.”

More news about Ethereum (ETH-USD).

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