The upcoming Ethereum merge is one of the most widely discussed topics in the crypto sector and analysts have a wide range of perspectives on how the transition to proof of stake could impact Ether’s price. ETH/USDT 1-day chart. Source: TradingView Whales accumulate ahead of the merge A deeper dive into the ongoing accumulation of Ether by whale wallets was provided by cryptocurrency intelligence firm Jarvis Labs, which posted the following chart looking at the percentage change in whale… Source link
Read More »Why Ethereum Mergers Love Lido
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Ethereum core developer Tim Beiko took to Twitter on April 12 to announce that the number two crypto network had entered the “final chapter of [proof-of-work].” If you’re not already up to date on this event, called “the merge,” here’s the scoop: Ethereum is transitioning to a different consensus mechanism called proof of stake (PoS). Instead of building and maintaining massive farms of computers in the… Source link
Read More »BTC, ETH Remain in the Red, to Start the Weekend – Market Updates Bitcoin News
Bitcoin and ethereum were both trading lower to start the weekend, as crypto markets continued to face bearish pressures. The current uncertainty surrounding next week’s Federal Reserve meeting has seen prices consolidate for most of the week, with Saturday being no different. Bitcoin Bitcoin (BTC) was once again in the red during today’s session, as prices continued to trade below the key $40,000 level. The world’s largest cryptocurrency dropped to a low of $38,235.54 to start… Source link
Read More »Why Bitcoin, Ethereum, and Coinbase All Dropped on Friday
What happened The cryptocurrency market had another bad end to the week on Friday, selling off into what could be a wild weekend. Yuga Labs will be minting some form of land for its metaverse and that’s driving a lot of interest in ApeCoin and the underlying Ethereum (ETH -3.36%) blockchain. But that didn’t help values today. As of 3:10 p.m. ET, Bitcoin (BTC -2.02%) had fallen 4.1% in the last 24 hours, Ethereum was down 5.4%, and Coinbase Global (COIN… Source link
Read More »Blazing an Optimistic Trail on Ethereum
Governance will eventually be split between two co-equal branches, according to a constitution An initial retroactive airdrop will be the first of many seeking to coordinate network participants Optimism — an Ethereum layer-2 solution featuring optimistic rollups — is planning to decentralize its governance through the release of a token. The network detailed the token launch, OP, in a blog post this… Source link
Read More »What you need to know about staking Ethereum
Written by Tiernan Ray, Contributing Writer … Source link
Read More »Ethereum Trades Below $3,000 Support, Why Is ETH Falling Since November?
Ethereum has been on quite the journey, from splitting to creating its market presence within a few years. And now, they are looking at saving electricity and other concerns put forth by analysts with their latest validation protocol. The cryptocurrency supports several blockchain networks through its layers-2 services and validations. With all these facts combined together, ETH could very well dethrone Bitcoin as the number 1 largest cryptocurrency network. Related Reading | TA: Ethereum… Source link
Read More »The Latest Ethereum NFT Craze? Four-Digit Numbers
Key Takeaways Sales of four-digit ENS domains have skyrocketed as collectors rush to own one of only 10,000 possible combinations. The current number mania has resulted in ENS domain sales hitting their highest levels on record. The floor price for four-digit ENS domains currently sits at around 0.5 ETH. Share this article Four-digit Ethereum Name Service domains have become hot property. The realization that there are only 10,000 four-digit combinations has driven prices into the… Source link
Read More »Ethereum Name Service NFTs Overtake BAYC in Daily Trade Volume – CoinDesk
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link
Read More »Ethereum strives to migrate into a brighter future: Report
Ethereum 2.0 has been a highly anticipated development in the crypto industry. A recent Cointelegraph research report asks if Ethereum is still on track to defend its crown as the prime network backing the decentralized finance world. The report cuts through popular misconceptions investors may hold and offers a comparative analysis of Ethereum and its competitors. Meanwhile, the Ethereum foundation rebranded the Eth2 project at the start of this year. Is it trying to manage expectations or… Source link
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