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Gate Blog
Your Gateway to crypto news and insights
Market News 10 Articles
Community FAQ | Duration: 5/31, 2021 - 6/31, 2021
Author：Gate.io
24 June 14:39
1、What is GT?
The full name of GT is GateToken, which is both the Gate.io platform currency and the native token of the GateChain public chain.
On Gate.io, GT can be used to upgrade VIPs, deduct fees, participate in startup or voting activities and other platform activities.
In terms of GateCh...
Gate.io’s Daily Market Trends（June 24th）: Karura Slot Bid Successfully, Alipay_s New NFT Welcomed by the Market
Author：Gate.io Researcher：Gazer.C & Chalers.F
24 June 14:19
As of 12:00 GMT, Bitcoin‘s spot price was $32762.58 and Ether’s price was $1915.03. Yesterday, Bitcoin price was relatively stable.The long and short sides played multiple games at the $33,000 position. Today, Bitcoin‘s price is still oscillating at around $33,000. From the perspective of shor...
Ethereum vs Ethereum Classic | What is the difference between ETH and ETC
Author：Gate.io
23 June 16:13
Introduction
Ethereum is the most invested crypto after Bitcoin. It has a market cap of around $300 billion and is currently in the process of transitioning into Ethereum 2.0, which aims to improve the already feature-rich blockchain in multiple ways. However, there exists another crypto know...
Who is Behind the Rise of the Polygon Network? Blockchain Consensus Mechanism Explained in One Article
Author：Gate.io Researcher：Jacky S.
23 June 15:55
According to Glassnode data, the 7-day average of the median Ethereum Gas fee on June 13 touched a 13-month low, reaching 19.955 Gwei. From May to mid-June, the gas fee on the Ethereum blockchain has been greatly reduced, and there are many factors that cause the gas fee to continue to fall. The rea...
Gate.io’s Daily Market Trends （June 23rd）： Alipay Launches Dunhuang-themed NFT, Bitcoin Miner Plans to Use Renewable Energy
Author：Gate.io Researcher：Gazer.C & Chalers.F
23 June 15:45
Bitcoin’s price reached a low of $28,800 yesterday evening before recovering quickly. On the one-hour timeframe, Bitcoin’s price had exceeded the price of each moving average and there is now a clear upward test of the upper trendline. Currently, Bitcoin’s resistance point is estimated to be...
Gate.io’s Daily Market Trends（June 22nd）: Several Banks In China Ban Crypto Related Transactions, Cryptocurrency Market Panic Increases
Author：Gate.io Researcher：Gazer.C & Chalers.F
22 June 15:27
As of 12:00 GMT, Bitcoin‘s spot price was $34,669.30 and Ether’s price was $2,156.14. Prices in the cryptocurrency market plummeted on the back of announcements that several domestic Chinese banks and payment institutions have banned virtual currency transactions. The market panic index dropped...
Gate.io’s Daily Market Trends （June 21st）: Venture Capital Investment at All Time High, Bitcoin Stops Falling and Enters Sideways Phase
Author：Gate.io Researcher：Gazer.C & Chalers.F
21 June 16:18
As of 12:00 on the 21st, Beijing time, the spot price of Bitcoin was $34669.3, and the price of Ethereum was $2156.14 .Bitcoin's price saw a slight increase from yesterday evening to early this morning. On the one hour time-frame, there were 7 consecutive positives. During the day, Bitcoin's price d...
IMF Calling Out El Salvador, Will the First "Crab-Eater" Taste Any Sweetness?
Author：Gate.io
21 June 15:50
On June 9th, El Salvador officially passed the Bitcoin as legal tender bill, which stipulates that goods can be priced in Bitcoin, Bitcoin can be used to pay taxes, and Bitcoin transactions will not face capital gains taxes. This is the first time that Bitcoin has become a legal tender at the nation...
From Bitcoin to Ethereum: Why Ethereum is Blockchain 2.0
Author：Gate.io Researcher：Edward H.
20 June 17:30
Vitalik Buterin, the founder of Ether, fits almost everything one would expect from a genius.
Vitalik was born in Russia in 1994. His father, Dmitry, is a computer scientist. But when he was 5 years old, Vitalik's parents divorced, and he later immigrated to Canada with his father. At the age of...
Gate.io’s Daily Market Trends （June 20th）: Funds Cut Down BitCoin Holdings, Bitcoin Hashrate Falls Due to Mining Closures
Author：Gate.io Researcher：Gazer.C.
20 June 16:11
As of 12:20 on the 20th, Beijing time, the spot price of Bitcoin was $35,660.36, and the price of Ethereum was $2,200.29. Continuing the decline of the previous two days, the cryptocurrency market continued to fall. Bitcoin fell from $36,580 to a lowest of $34,728. After hitting the bottom, it rebou...
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