Ethereum

Washington's receptive response at yesterday's crypto hearing took CEOs by surprise. And in other news, OpenSea has performed a U-turn on its IPO plans after an angry response from users.

FTX CEO Sam Bankman-Fried said: "I came in expecting some hostility and grandstanding, but instead found the discussion to be by and large productive and helpful."

The NFT marketplace's new chief financial officer says there was "inaccurate reporting" about the company's next steps — adding he wanted to "set the record straight."

Community Points can be used for tipping, increasing voting power on polls, and snapping up items that are unique to each community. They also serve as a way of building a user's reputation.

Institutions believe major coins are the "top contender" for a correction, Visa is going further down the crypto rabbit hole, and one of the world's biggest gaming firms is embracing NFTs.

More than half of those polled by Natixis Investment Managers believe the likes of Bitcoin and Ether will suffer a pullback next year.

The payments giant says digital assets have now achieved "almost universal awareness" — and 94% of adults now know about it.

Around the world, "Dogecoin" was the one of the most popular search terms in the News category this year — along with queries about GameStop stock and Ethereum's price.

The government is set to prohibit "mining, generating, holding, selling or dealing" in digital currencies.

The congressional hearing is extremely unlikely to be a cozy affair — with the cryptocurrency executives set to face a barrage of confrontational questions.

Plus, a report reveals how to make a profit on NFTs, OpenSea's users are angry at its plans to launch on the stock market, and why metaverse tokens were hardest hit by the weekend's crash.

Ether has fared even better. Prices stood at $4,390 at the time of writing — with gains of 10% over the past 24 hours. The ETH/BTC conversion rate has now hit its highest level since 2018.

According to Mike McGlone, the fact that BTC and ETH have already experienced sharp corrections may give them a "relative advantage" over the stock market in 2022.

"NFTs are far from a surefire investment" — but there are tactics that can boost a digital art collector's chances of making money.

MyCryptoWallet, which was founded in 2017 by Jaryd Koenigsmann, had previously claimed that it had more than 20,000 users.

This "bomb" would slowly start making ETH blocks harder and harder to mine, freezing up the network for the transition to proof-of-stake.

Not only has billions of dollars been wiped off the total market cap of all cryptocurrencies, but more than $300 million has been stolen as a result of two audacious hacks.

Although Bitcoin managed to rally to $47,000 just an hour later, the world's biggest cryptocurrency has been pinned below $50,000 since.