Ethereum

A proposal by an Ethereum developer wants to change the Eth1 blockchain validation process and embed it to the Beacon Chain. The modifications could present complications for the DeFi sector. After the threshold of 524,288 required ETHs has been reached, the deployment of Ethereum 2.0 with phase 0 will begin on December 1. However, there are still about two years left to complete the full deployment of all phases of Eth 2. The ease the process, Mikhail Kalinin has made a proposal on how the… Source link

Ethereum has soared in recent weeks, adding 40% to its price over the last month. The ethereum price passed $500 per ether token last week for the first time since June 2018—riding bitcoin’s coat tails as the biggest cryptocurrency rockets toward its all-time highs. As ethereum developers gear up for the launch of ethereum 2.0, now confirmed for December 1, traders and investors are feeling bullish ahead of ethereum’s long-awaited upgrade. MORE FROM FORBESRipple’s XRP Has More Than… Source link

The number of billion-dollar spot volume days in the bitcoin market is increasing, pushing prices higher. Ethereum’s transaction fees are also increasing as general cryptocurrency interest fuels demand. Bitcoin (BTC) trading around $18,883 as of 21:00 UTC (4 p.m. ET). Slipping 0.75% over the previous 24 hours. Bitcoin’s 24-hour range: $18,640-$19,474 (CoinDesk 20) BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Bitstamp since Nov…. Source link

Photographer: Andrey Rudakov/Bloomberg Photographer: Andrey Rudakov/Bloomberg An upcoming upgrade for Ethereum, the most-actively used blockchain in the world, is adding to the mania around cryptocurrencies sparked by the… Source link

The highly anticipated launch of Ethereum 2.0, or Eth2, is scheduled to take place next week. Specifically speaking, Eth2’s proof-of-stake blockchain known as “the beacon chain” has been confirmed to run alongside the Ethereum network starting Dec. 1.  Although some members of the blockchain community remained skeptical about a Dec. 1 launch date for the beacon chain, an impressive 524,288 Ether (ETH) from 16,384 validators has been deposited into the Eth2 contract. As such, there is… Source link

More than 500,000 ETH have been locked and loaded into Ethereum 2.0’s deposit contract, kick-starting the network’s major, multi-year development phase. JPMorgan analysts say institutions are piling into bitcoin. And the IRS has again sent out (possibly erroneous) letters to crypto traders indicating they owe taxes on unrealized gains.  Top shelf Taxman knockethThe Internal Revenue Service (IRS) is again sending mixed messages related to crypto trading and tax reporting obligations…. Source link

In the last few days, Bitcoin (BTC) price has underperformed Ether (ETH) by almost 20%. Even though BTC seems to be struggling to break the $18,800 barrier, both cryptocurrencies display the same bullishness according to derivatives markets data. BTC/USD and ETH/USD at Bitstamp. Source: Digital Assets Data Ether is entering a parabolic rally as its Eth2 network launch progresses, and this optimism is reflected in the options markets. Despite the lack of similar price action from BTC, Bitcoin… Source link

Ethereum, the most-actively used blockchain in the world, is approaching its deadline to convince users to pledge enough digital currency to enable a network upgrade that would allow it to process a similar number of transactions as Mastercard Inc. and Visa Inc. Since Ethereum went live it 2015 it has relied on an energy-intensive and slow method to… Source link

Yuriko Nakao/Getty Images Ethereum and Ripple are soaring, echoing the powerful rally in Bitcoin, as mass interest in cryptocurrencies picks up steam. Ethereum has jumped almost four-fold this year to just below $600, although this is still short of its record $1,500 in January 2018. The price of smaller crypto rival Ripple has hit its highest since mid-2019, having doubled in value in this month alone. This growing interest raises red flags, because many people are pouring in money… Source link

Alongside the high anticipation for Ethereum 2.0, the high time frame breakout and daily gas usage on Ethereum remain key positive factors. Eth2 momentum accelerates in correlation with price The Eth2 mainnet will launch when the number of Ether (ETH) staked in the Eth2 deposit contract address hits 524,288. Data from CryptoQuant found that the value staked in the Eth2 deposit contract address is showing a correlation with the ETH price. ETH price versus total value staked on eth2.0. Source:… Source link