Ethereum

Ethereum difficulty bomb is set to explode in August according to Justin Drake, ETH Merge could be delayed. Ethereum co-founder Vitalik Buterin expressed a strong desire to complete the merge in August 2022.  Buterin believes problems that arise during the test on Ropsten on June 8 will be critical to the merge timeline.  Ethereum’s difficulty bomb is scheduled to explode in August 2022 and slow down the ETH blockchain. Vitalik Buterin, the co-founder of the… Source link

The long-awaited Ethereum transition to proof-of-stake (PoS) has been pushed back again and again. According to the latest reports, the date has finally been fixed to August, this year. Ethereum Co-Founder Vitalik Buterin recently attended the ETH Shanghai Web 3.0 Developer Summit. In that particular event, he mentioned that the PoS transition is scheduled to go live on Ethereum’s testnet Ropsten on June 8, next month. Preston Van Loon, a core developer of the… Source link

The crypto market has had quite a rough ride of late. The king altcoin Ethereum in the last 24 hours tanked by 3.54%. It followed BTC’s movement closely as ETH’s correlation to the king coin stood at 0.91. The last 24 hours have been crucial for Ethereum as the bears gained momentum. On 20 May, the volume of the Ethereum network also fell drastically over the last day by a massive 19.5%. Undoubtedly, these are worrying signals for the Ethereum ecosystem and the crypto community at… Source link

According to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the course of nine months and during the last seven days, 18,110 ether worth $34.9 million was destroyed. 2.35 Million Ethereum Burned — Ethereum Dev Says The Merge Could Happen in August Approximately 288 days ago, Ethereum developers implemented EIP 1559, a ruleset upgrade that basically… Source link

Crypto markets remain volatile and a handful of seasoned traders believe that the bearish trend will continue as long as stock markets are chasing new lows. Most investors would agree that crypto is now in a bear market and the current price action for Bitcoin (BTC) and Ethereum (ETH) suggests that capitulation and consolidation are a ways away. Data from Cointelegraph Markets Pro and TradingView shows that Ether still struggles to reclaim the $2,000 level as support and this zone has been a… Source link

Ethereum’s native token, Ether (ETH), continues to face downside risks in a higher interest rate environment. But one analyst believes that the token’s next selloff move could turn into a bear trap as the market factors in the possible release of the Merge this coming August. ETH to $4K? Ether’s price could reach $4,000 by 2022’s end, according to a technical setup shared on May 20 by Wolf, an independent market analyst. The analyst envisioned ETH moving inside a multi-month ascending… Source link

The world’s largest cryptocurrency exchange Binance today announced that it has integrated the layer-2 scaling solution Optimism. However, the exchange only supports deposits at this time; withdrawals aren’t available until the exchange achieves optimal liquidity, explained the exchange. “Binance will open withdrawals for ETH on Optimism Network once there are sufficient assets in our wallet,” read the announcement. Optimism is a layer-2 scaling solution for Ethereum aimed at helping reduce… Source link

Cosmos (ATOM), the token powering the eponymous blockchain network, is up 12.7% over the past 24 hours. ATOM is currently trading at $11.45, according to data from CoinMarketCap. ATOM is the 27th-largest cryptocurrency with a market capitalization of $3.2 billion.  Despite today’s bullish action, ATOM still trades 74% down from its all-time high of $44.70 recorded in September 2021. There has been a spike in the coin’s trading volume across different exchanges. Its total trading volume… Source link

Ethereum developers have reached another milestone on their way to the long-awaited ETH 2.0 network upgrade—the Ropsten public testnet will undergo an upgrade to proof-of-stake consensus on June 8. The configuration code for upgrading the testnet appeared in a pull request from Ethereum DevOps engineer Parathi Jayanathi in the eth-clients GitHub repository on Monday.  Last month, the developers working on The Merge, an upgrade to the Ethereum network to switch it from a proof-of-work to… Source link

Ethereum’s network looks all set for the year 2022 and for the years to come, as per a new report released by a16zcrypto. The 2022 State of Crypto report discussed the trend lines of the crypto-industry and the development of Web3. Lying at the heart of it is Ethereum with its smart contract platforms that have spread diversely. How does ETH dominate Web3? Ethereum has gradually developed as the leading altcoin network in Web3. Acolytes of the token consider ETH to tip Bitcoin soon after… Source link