Ethereum

One Ethereum (ETH) competitor is taking a massive hit after hackers drained approximately $100 million worth of crypto from its cross-chain bridge. The Harmony (ONE) team says the breach occurred on the morning of June 24th on the Horizon bridge, which enables users to move crypto assets between Ethereum, Binance Smart Chain and Harmony. “The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approximately $100 million. We have begun… Source link

At its peak, Ethereum (ETH 1.84%) had a market cap of just under $550 billion. Today, Bitcoin (CRYPTO: BTC) and Ethereum combined have a market cap of less than $550 billion. There’s no sugarcoating the fact that the crypto sell-off has been swift and brutal. That Ethereum is down nearly 80% from its high is a compelling reason to consider buying it now. However, an even better investment thesis is the multidecade growth that Ethereum could achieve if it transitions from… Source link

Miners on the Ethereum network witnessed a decline in profitability as the price of Ethereum slumped in the recent crypto bloodbath.  Electricity consumption of some of the largest cryptocurrency networks dropped by as much as 50% as miners were forced to shut shop.  Ethereum price witnessed a trend reversal and analysts predict a continuation of ETH uptrend.  Ethereum price rally continues despite the drop in mining profitability. With the decline in Ethereum… Source link

It has been hard for ETH traders to avoid panicking in the last few months as ETH continued to sell with no end in sight. The bears have been easing off their assault every once in a while, paving the way for minor relief rallies. However, even those have been short-lived and the bears continue to show their strength. A similar scenario is taking place right now following ETH’s latest crash. The market has experienced a few days of relative calmness and some upside…. Source link

Ethereum’s native token, Ether (ETH), gained alongside riskier assets as investors assessed weak U.S. economic data and its potential to cool down rate hike fears. Ether mirrors risk-on recovery ETH’s price climbed up to 8.31% on June 24 to $1,225, six days after falling below $880, its lowest level since January 2021. Overall, the upside retracement brought bulls 40% in gains, raising anticipation about an extended recovery in the future while alleviating fears of a “clean fakeout.” For… Source link

Solana (SOL 11.80%) was a red-hot growth story that increased by 100-fold between November 2020 and November 2021. Then it fell more than 85% from its all-time high in a matter of months. Solana suffered a pair of network outages in May and June, which added more downward pressure in conjunction with tumbling crypto and equity markets.  SOL — the native token of the Solana blockchain — is now less than $40. Here’s why it may be time to buy Solana and why Solana could even… Source link

The Ethereum (ETH 3.81%) blockchain network is about to get a huge facelift. The platform has been called slow, bloated, and inefficient, and its transaction fees have an annoying tendency to skyrocket when the network gets busy. All of these issues should go away in the Merge, an upcoming event that will create the long-awaited Ethereum 2.0 system. Test runs are firing off without any issues, and the Merge could take place as soon as August. Could the Ether token… Source link

Hackers have struck layer 1 blockchain Harmony’s Horizon bridge, stealing $100 million in cryptocurrency. The exploit was revealed in a tweet in the early hours of Friday morning. The Harmony team revealed that it had “identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM.” It went on to add that the address of the culprit had been identified and that the Harmony team are working with “national authorities and forensic specialists” to retrieve the stolen… Source link

MF3d/E+ via Getty Images Thesis Summary Ethereum (ETH-USD) is close to undergoing a historic change in its protocol. The much-awaited “merge” will switch Ethereum’s consensus mechanism to Proof-of-Stake, which should help make the network more efficient. The ETH merge won’t fix all of the network’s problems and comes with its own new issues. However, I believe the merge will ultimately be successful and bullish for ETH, so I am recommending you buy the dip. The Merge: What, When… Source link

It’s said that the ability to upgrade is important. All hail Ethereum as the network awaits the ‘Gray Glacier’ upgrade. In the coming days, the upgrade will be introduced to the mainnet. It is built to further delay the Ice Age (Difficulty Bomb) by roughly 100 days. The Ethereum network will be undergoing the upgrade at block 15,050,000, which is expected to occur on 29 June. Here, it’s important to note that Gray Glacier will not be deployed on any testnet. Binance… Source link