Ethereum

Anthony Scaramucci, known Bitcoin proponent heading global investment firm SkyBridge Capital, believes that the future of the digital asset in investment portfolios is inevitable. What Happened: In a recent interview with CNBC, Scaramucci called it “the apex predator in the space. I tell my clients whether you like it or not, the world is moving into digitization.” SkyBridge Capital’s Bitcoin Fund LP holds over $600 million worth of Bitcoin at present, and two weeks ago, the firm applied… Source link

Now that Ether’s (ETH) price broke the $2,000 level, hitting all-time highs this week, traders became excessively bullish and are expecting more upside in the short-term.  Some analysts believe Visa’s initial USD Coin (USDC) stablecoin transaction settlement on the Ethereum network kicked off the most recent rally. Others attribute the current Ether hike to a “triangle market structure” breakout. Regardless of the cause behind the recent 25% rally, professional traders seem highly… Source link

With no short-term solution in sight for the surging network fees, some investors are afraid that Ether (ETH) price could face a correction. The EIP-1559 proposal is set to be bundled with the impending London upgrade, and this will change the gas fee structure, but traders are left to deal with high fees until then. The flexible block size proposal aims for a more predictable fee pricing model, but this upgrade is scheduled for July, meaning, in the short term, Ether could be subject to… Source link

Bitcoin (BTC) briefly hit $60,000 on April 2 in the latest installment of its slow grind back to all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price taps $60,000 Cointelegraph Markets Pro and TradingView showed bullish tendencies remaining overnight for BTC/USD, with local highs of $60,110 on Bitstamp. A correction brought the pair down nearer to $59,000, circling $59,500 at the time of writing.  The sustained higher levels mean that Bitcoin has effectively… Source link

Ether’s (ETH) price has broken out for the first time in 23 days in its Bitcoin (BTC) pair. It follows a high-profile announcement from Visa to use USDC, a stablecoin based on the Ethereum blockchain. Although ETH/BTC saw a strong technical breakout, the uptrend has been fueled by firm fundamental catalysts, buoying the short-term bull case for ETH. Traders think Ethereum will outperform Bitcoin in April According to the pseudonymous trader known as “Rekt Capital,” Ethereum was close to… Source link

Gains in Bitcoin (BTC) appear faint in comparison with Ethereum (ETH) as the latter’s supply diminishes. What Happened: BTC traded 0.13% at $59,285.22 over 24 hours at press time while ETH was up 4.08% at $1,925.03.  Over a seven-day trailing period, ETH has surged 21.92%, while BTC has moved up 12.77%. CryptoQuant data indicates ETH reserves held in all wallets fell to 19.53 million as of March 31 as prices soared over $1,921. ETH Held In All Exchange Wallets — Data From CryptoQuant.com On… Source link

A proposed modification of how Ethereum miners are being compensated will result in a profit … [+] decrease as high as 60%. Miners started to organise online forums to oppose the change, with minor effects so far. SOPA Images/LightRocket via Getty Images Lowering of increasing blockchain transaction fees, which could be as high as $60 USD per transaction, called ‘contract execution’ is currently a matter of concern for the Ethereum Foundation.   The proposed changes… Source link

GRAND CAYMAN, Cayman Islands, March 31, 2021 /PRNewswire/ — Uni Naming & Registry (“UNR”) is the world’s largest owner of Non-Fungible Tokens representing Top Level Domains. As the exclusive operator of 25 ICANN-accredited domain extensions, including .LINK and .GAME, UNR holds the NFTs that control their namespaces in the Ethereum Name Service (“ENS”) on the Ethereum blockchain. UNR’s Top Level Domains are the first to be turned into ERC-721 NFTs on Ethereum. 23 of these Top Level… Source link

Maximal extractable value (MEV) is quickly becoming a buzzword among Ethereum developers and traders alike, given the recent rise of decentralized finance (DeFi).  Congruently, the finish line for Ethereum 2.0’s consensus mechanism swap is within sight. Colloquially called “The Merge,” mining on Ethereum is likely to fall by the wayside within the next year or so in favor of staking. Doing so opens up a host of questions, particularly for those completing complex trades on Ethereum.

Ethereum Improvement Proposal 1559, set to be bundled together with the “London” upgrade in July, has caused as much excitement as fear and panic. On the surface, EIP-1559 is nothing more than a change in Ethereum’s gas fee structure. And to spice it up, it has also been labeled as Ethereum’s scarcity engine, or burn mechanism, as it will destroy Ether (ETH) used in transaction fees, making the cryptocurrency deflationary, and perhaps more valuable down the line.  Related: Ethereum at… Source link