Ethereum

Ethereum’s Update Sets The Stage For 99% Energy Usage Cut: Co-Founder Vitalik Buterin

Ethereum (CRYPTO: ETH) successfully implementing the controversial London hard fork this week reassures the blockchain’s co-founder Vitalik Buterin that the network will easily transition to proof-of-stake (PoS) and cut most of its energy consumption. What Happened: During an interview with Bloomberg published on Thursday, Buterin said that the success in applying the London network upgrade is “proof that the Ethereum ecosystem is able to make significant changes,” hinting at the network’s… Source link

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At Its Highest Since May

Ethereum (CRYPTO: ETH) saw another major price uptick reaching levels not seen since the month of its all-time high following a positive change in its fundamentals which attracted investments. What Happened: According to CoinMarketCap data, Ether saw its price climb nearly 14.2% higher from its 24-hour low of $2,769 to a high of $3,162, before settling at its current price of $3,109 as of press time. The price uptick is accompanied by healthily growing trading volumes, which followed the… Source link

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Ethereum price soars above $3K into ‘red zone’ triggering sell-off fears

Ethereum’s native asset Ether (ETH) crossed above $3,000 in an extended upside rally on Aug. 7, hitting a three-month high. Nevertheless, the cryptocurrency’s incredible move upside also boosted its possibilities of facing a bearish backlash. An on-chain indicator that tracks the total percent of Ethereum addresses in profits predicted the said downside outlook. In detail, the so-called “Ethereum: Percent of Addresses in Profits” indicator by Glassnode reached 96.4% amid the ETH/USD price… Source link

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Genesis Report Highlights ‘Emerging Role’ of Ethereum and Defi in Q2 2021 – Bitcoin News

Genesis Digital, a leading cryptocurrency trading, lending, and custody desk, released its Q2 reports, where it confirms what it calls the “emerging role” that Ethereum and defi have in the industry. The report also confirms that institutional interest in crypto is still rising despite the crash in prices the market experienced in Q2 2021. Genesis Confirms Ethereum and Defi Market Rise Genesis, a big cryptocurrency lending and trading desk, has confirmed… Source link

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Hodling Ethereum? Here’s how and where to stake your ETH

The overall feel across the cryptocurrency landscape over the past week has been one of bubbling anticipation, with the Ethereum network finally undergoing its London hard fork, which includes reforms to the transaction fee market, thanks to EIP-1559. London is the latest in a series of upgrades that are part of Ethereum’s measured transition from its original proof-of-work consensus model to a proof-of-stake model dubbed Ethereum 2.0. On Eth2, tokenholders who hold at least 32 Ether (ETH)… Source link

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Ethereum Upgrade Aims To Stabilize Crypto Fees

A new software update for Ethereum, the second-largest blockchain network, will likely stabilize transaction fees and cut down on the supply of the tokens, according to Reuters. Ether was trading lower prior to the news but gained afterward and was up 2.6 percent to $2,796, Reuters reported. The adjustment is called the Ethereum Improvement Proposal (EIP) 1559. It entails changing how transactions are processed on Ethereum by offering more transparent pricing for transaction fees in ether… Source link

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London is live and Ethereum bulls control Friday’s $357M ETH options expiry

Ether (ETH) price rallied 50% leading in the London hardfork because many investors expect the upgrade to solve the issue of high transaction fees and make the altcoin a deflationary asset.  Pantera Capital CEO Dan Morehead has predicted that the upcoming upgrade would likely cause Ether to ‘flip’ Bitcoin (BTC) as the leading cryptocurrency but this is a topic under heavy contention. To understand the impact of the recent price movement, traders should analyze the weekly options expiry…. Source link

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The Anticipated Rally to $9000 Took a Detour

A month ago, see here, Ethereum (ETH), aka Ether, had the potential setup in place to start its run to $9K. However, it failed at its 50-day simple moving average (SMA) and remained below its Ichimoku Cloud. History tells us when an instrument is unable to clear those hurdles; pressure remains down as the trend is down. Thus, ETH revisited the $1700 level one more time in July and, in addition to that, established a triple bottom. See figure 1 below. It bottomed on July 20th at $1720 and… Source link

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Why Bitcoin, XRP, and Dogecoin Just Dropped — But Ethereum Popped

What happened It’s Thursday, most cryptocurrency prices are still falling — and that’s kind of strange. As of 10 a.m. EDT, here’s how cryptocurrency prices have changed over the last 24 hours:   XRP (CRYPTO:XRP) — flat (though the cryptocurrency that runs on RippleNet was down quite a bit earlier). Dogecoin (CRYPTO:DOGE) — down 1.6%. Bitcoin (CRYPTO:BTC) is doing worst of all — down 2.8%. One notable exception to today’s declining crypto market… Source link

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Ethereum, Bitcoin trading higher as US Senate discusses cryptocurrency

Check out what’s clicking on FoxBusiness.com. Ethereum was making strong gains early Thursday morning, while Bitcoin was trading slightly higher, reports said. Ethereum coins were trading at $2,634, up more than 6.6% per token, while Bitcoin was trading at $38,480, up a modest 1.94%, respectively, Coindesk reported. Rival Dogecoin was trading near 20 cents per coin – up 1.5% —  and XRP was at 71 cents, or 2.5% per coin, the report said. SENATORS AIM TO CLARIFY CRYPTOCURRENCY… Source link

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