Ethereum

The Ethereum network witnessed the deployment of its London upgrade on the Ropsten testnet on June 24. This upgrade consists of the highly anticipated Ethereum Improvement Proposal (EIP) 1559.  Following the launch on the Ropsten testnet, the London upgrade will be deployed on Ethereum’s Goerli, Rinkeby and Kovan testnets at weekly intervals. This is one of the important steps in the roadmap to implement a proof-of-stake (PoS) consensus on the Ethereum network, also known as Ethereum… Source link

Statistics show that the Ethereum 2.0 deposit contract has exceeded 6 million ether this week as more than $12.4 billion worth of ethereum is held in the contract today. Onchain metrics show that Ethereum has seen some significant drawdowns in recent times and decentralized finance (defi) activity has slowed compared to last summer’s statistics. Despite the onchain dips, this year ethereum markets outperformed bitcoin in Q1 and Q2. Ethereum 2.0 Contract… Source link

Bitcoin and Ethereum Yuriko Nakao Ether overtook bitcoin in the number of active addresses on its network on Friday, a sign that demand is faltering for the world’s biggest cryptocurrency as its counterpart gains in stature. Data from Bitinfocharts shows ethereum in the lead with 757,859 active addresses, around 49,154 more than bitcoin, which has 708,705. The total number of active addresses on the bitcoin network has dropped 38% from its April peak of 1.1 million. Bitcoin active… Source link

The Ether price has fallen about 50% from its all-time high of USD 4K as it has taken investors on a roller coaster ride. Nonetheless, Ether is also up more than 11% in the last seven-day period alone. That volatility is sure to persist as the blockchain field gets more competitive, especially in the area of smart contracts. Ethereum, however, is still the leader in that realm and based on a few recent developments, its use cases appear to be on the rise. Much of the attention in the… Source link

Ethereum has stuttered in its pursuit of surging above the $2,300 level of resistance, subsequently falling back to the $2,000 level of support following a gruelling 11.64% sell-off over the past 48 hours. The world’s second largest cryptocurrency has now re-established itself in a bearish posture on both lower and higher time frames, with the potential of a major correction to below $1,000 still on the cards before the end of the year. Sunday’s weekly candle close beneath the 21… Source link

If you’re looking at opportunities in under-the-radar altcoins, Algorand (CCC:ALGO-USD) may be of interest. Algorand Source: Shutterstock It may be a relative newcomer to the world of crypto, but it’s accomplished quite a bit since its launch in 2019. It has secured hundreds of millions in funding for its development. Numerous third-parties now operate within its ecosystem. InvestorPlace – Stock Market News, Stock Advice & Trading Tips Sure, it’s still far away from starting to give Ethereum… Source link

The number of addresses active on the Bitcoin network has crashed roughly 60% in the past six weeks from 1.3 million to roughly 500,000. The collapse in activity has seen Ethereum overtake Bitcoin by the number of active addresses, with the Ethereum network hosting roughly 200,000 more active wallets than Bitcoin on Friday. It is the third time in a month that Ethereum has overtaken Bitcoin by the metric, also happening on June 5, 2021, and June 6, 2021. The previous time Ethereum was in the… Source link

Ether’s (ETH) $1.5 billion monthly expiry on June 25 was slightly favorable for bears, and at the time, Cointelegraph reported that the $2,200 price was critical to eliminate 73% of the neutral-to-bearish put options.  However, bulls were not able to sustain their advantage because the expiry price was near $1,950. In the end, the protective put options outnumbered the neutral-to-bullish call options by $30 million. Fast forward to July, and after a noticeable 10% rally, Ether’s price again… Source link

Bitcoin vs. Ethereum Getty Images AsiaPac The revenue of bitcoin and ethereum miners was nearly halved for the month of June, as the two largest cryptocurrencies by market capitalization saw both their prices drop and transaction volume decrease. Bitcoin miners saw their revenue slip by 42% to $839 million compared to May’s $1.45 billion, according to data from The Block. The hash rate of the digital asset has dropped 50% in June to its lowest level in a year. Meanwhile, ethereum… Source link

Bitcoin vs. Ethereum Getty Images AsiaPac The revenue of bitcoin and ethereum miners was nearly halved for the month of June, as the two largest cryptocurrencies by market capitalization saw both their prices drop and transaction volume decrease. Bitcoin miners saw their revenue slip by 42% to $839 million compared to May’s $1.45 billion, according to data from The Block. The hash rate of the digital asset has dropped 50% in June to its lowest level in a year. Meanwhile, ethereum… Source link