Ethereum

Joseph Lubin, co-founder of Ethereum. Adam Jeffery | CNBC Blockchain start-up ConsenSys has raised $450 million in a new round of funding that more than doubles its valuation to $7 billion. The cash injection was led by ParaFi Capital, ConsenSys said Tuesday, with Microsoft, Japan’s SoftBank and Singapore’s Temasek also joining as new investors in the company. New York-headquartered ConsenSys was founded in 2014 by Joseph Lubin, a co-founder of Ethereum. Ethereum is the blockchain platform… Source link

Like many other large-caps, which are highly correlated with bitcoin’s recent price action, Ethereum is trading amid long-term support – a fragile situation. However, investors are still looking at the market in doubt. Considering the minor amounts of trading volume at two of the significant US-based exchanges – Binance US and Coinbase – it seems that investors are still waiting for the Federal Reserve’s decisions. Support levels: $2300 & $1700 Resistance levels:… Source link

Ethereum’s co-founder Joseph Lubin has questioned the sustainability of rival projects, including the fast-growing Solana blockchain, as venture capital pours into a raft of new cryptocurrency networks. The Ethereum blockchain has become one of the world’s most widely used digital ledgers, but it is facing challenges from rivals such as Solana, which has set lower transaction fees to draw in users. Lubin told the Financial Times that Solana, which pitches itself as a faster and… Source link

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Ethereum Foundation, the non-profit that supports Ethereum (CRYPTO: ETH) and related technologies, says 2021 was the year that “Web3” came into public consciousness, which allowed creators to break free from centralized platforms. What Happened: In its “2021: The Year in Ethereum” report by Josh Stark and Evan Van Ness, the foundation said in 2022, the world “began to understand the vision of a more decentralized internet built on Ethereum.” It termed… Source link

Ethereum continues to struggle after falling below $3,000. This price point was critical for bulls to hold and ever since bears dragged the price below it, it has been a continuous display of dips and crashes. For a cryptocurrency like Ethereum, there are resistance and support levels that are very important for the digital asset. One of those support levels sits just above $2,500. So far, the digital asset has managed to maintain above this point. This shows that bulls are mounting… Source link

The Ethereum network has a lot going for it—it’s decentralized, reliable, supports smart contracts written in a programming language familiar to many crypto developers, and is home to a thriving decentralized finance (DeFi) industry. However, Ethereum is also slow and expensive to use, and will remain so unless users opt to move to another blockchain (like Solana, Fantom or Avalanche), or until planned Ethereum upgrades speed things up within the next couple of years. While the world… Source link

You know how important Ethereum ( ETH 0.86% ) is when some refer to other cryptocurrencies as the “[fill in the blank] Ethereum.” That’s exactly what is happening with Waves ( WAVES -4.18% ). Some cryptocurrency enthusiasts have dubbed it the “Russian Ethereum.” Whatever nickname you want to give to Waves, there’s no question that it’s sizzling hot. Last year’s big winner, Shiba Inu ( SHIB 0.19% ), has fallen close to 30% over the past month. But Waves has soared more… Source link

Abra’s CEO has predicted that the price of ether could reach $40,000. He’s more bullish on Ethereum than Bitcoin. “The use cases are through the roof,” said the executive. Abra’s CEO Predicts Ethereum Price The CEO of crypto trading platform Abra, Bill Barhydt, shared his thoughts on why he is more bullish about Ethereum than Bitcoin in an interview with CNBC Friday. He also predicts that the price of ether (ETH) could reach $40,000, a significant increase from the… Source link

There’s been some coverage of recent comments by Ethereum creator Vitalik Buterin saying that the second-largest blockchain can’t get any faster than it is now. Which seems to contradict what he and all the other top developers on Ethereum 2.0 have been saying for years: That Ethereum 2.0 will be an order of magnitude more scalable than the current blockchain, which has been groaning under the weight of its own success for several years. See also: PYMNTS Blockchain Series: What Is… Source link