Month: August 2022

Asset Manager VanEck, Issue $140 Price Target on ATOM

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On 15 August, the multibillion-dollar asset management fund VanEck released a statement containing its bullish outlook on Cosmos’ ATOM token. Their thesis rested upon: “the power of the Cosmos SDK, the revolutionary importance of IBC, the clear product market fit of the Cosmos Hub, and the strong token value accrual.” A major issue affecting the …

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Coinbase Launches Wrapped Ethereum ERC-20 Token Called cbETH

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Coinbase, one of the world’s largest and most prominent cryptocurrency exchanges, announced plans Wednesday to launch a new wrapped and staked Ethereum ERC-20 token called cbETH. The exchange will be listing cbETH on the Ethereum network as an ERC-20 token, allowing customers to use staked Ether (ETH) while earning rewards on the exchange. This announcement …

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