Author: Elena R
Elena R 
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Jun 12, 2024 8:32
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
The world’s largest bank, the Industrial and Commercial Bank of China (ICBC), recently called Ethereum a ‘digital oil’. It acclaimed the growth and advancement of Bitcoin and Ethereum over the years. It compared Bitcoin to gold, and Ethereum as digital oil stating its crucial role in serving as a strong support to numerous Web3.0 innovations, including the launch of stablecoins. ETH allows developers to deploy complex smart contracts and decentralized applications. ICBC believes strongly that this has made Ethereum the mainstay in NFTs and Defi.