Ethereum

Bitcoin and Ethereum—the two largest cryptocurrencies by market cap—are down by approximately 8% over the last week.  Both cryptocurrencies, priced at $40,200 and just a tick over $3,000, are also edging closer to falling below landmark prices.  This already happened earlier this week, when Bitcoin and Ethereum fell by 15% and 14%, marking the first time each asset fell below $40,000 and $3,000 since mid-March. This price slump remains part and parcel of an ongoing market downturn in… Source link

The EPNS protocol enables on-chain communications with the ability to opt-in for permissionless channel notifications and subscriptions. Instead of using usernames to connect as on Discord or Twitter, EPNS relies on a user’s on-chain identifier. Since launching in January, EPNS says the protocol has powered 4 million notifications sent to more than 44,000 subscribers. Source link

Good morning, and welcome to Protocol Fintech. This Thursday: what you need to know about the Merge, the worth of an NFT and PayPal’s CFO heads to Walmart. Off the chain What’s an NFT worth? It’s easy to play the “worthless pointer to a JPEG” card in conversations, but we humans place a lot of value on other abstractions. If you’re of a capitalist bent, then the best way to assess the value of an NFT is to figure out what people will pay for it. The hapless buyer of an NFT based on… Source link

What happened The two largest cryptocurrencies by market cap, Bitcoin ( BTC ) and Ethereum ( ETH ), were also dominant in trading late Wednesday afternoon. As of roughly 4:30 p.m. ET, both were rising by over 4% across the preceding 24 hours.  So what There were two big engines driving the prices of Bitcoin and Ethereum higher. The first was a resurgent stock market. Although cryptocurrencies are considered by many to be defensive investments against equity… Source link

Text size Gamers compete at the ‘Nvidia’ booth during the Electronic Entertainment Expo E3 in Los Angeles. Christian Petersen/Getty Images … Source link

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The Ethereum merge that forms a key part of the so-called Ethereum 2.0 upgrade has been delayed until the latter half of 2022. “It won’t be June, but likely in the few months after,” Tim Beiko, an Ethereum Foundation developer, said yesterday on Twitter. “No firm date yet, but we’re definitely in the final chapter of PoW on Ethereum.” Earlier in the Twitter thread, Beiko had urged a user not to invest in any more mining equipment.  It won’t be June, but likely in the few months… Source link

An Ethereum engineer who gave a lecture on how to use blockchain technology in North Korea was sentenced to 63 months in prison on Tuesday. Cryptocurrency expert Virgil Griffith will pay a $100,000 fine for assisting North Koreans in evading US sanctions through the use of cryptocurrencies. The United States forbids its nationals from traveling to North Korea unless they have special permission. His presentation, according to the US Department of Justice, gave… Source link

Ethereum price is retesting the support confluence, ranging from $3,000 to $2,800. A breakdown of this barrier could lead to a steep correction to $2,000. Short-term on-chain metrics suggest that a further move to the south is possible. Ethereum price has arrived at a vital support level after crashing for the past week. This downswing puts ETH at a make or break point, indicating that things could go either way. However, if the big crypto continues to stumble, the… Source link

Ethereum gained bearish momentum below the $3,100 level against the US Dollar. ETH price extended decline and settled below the $3,000 support zone. Ethereum started another decline and traded below the key $3,000 support. The price is now trading below $3,050 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but upsides might be capped near… Source link