Ethereum

Ethereum miners seem to be smiling to the bank now. This feat is triggered by transaction costs on the Ethereum network recently reaching a new hourly record. Data retrieved from Glassnode, a crypto analytics firm, revealed that ETH miners on the network earned a staggering $1 million in just one hour. Following UniswapProtocol’s announcement of the UNI token recently, Ethereum saw a massive surge in miner fees. Almost $1M USD in fees was spent in a single hour, thereby setting a new… Source link

Bloomberg News reporter Mathew Leising’s new book “Out of the Ether: The Amazing Story of Ethereum and the $55 Million Heist That Almost Destroyed It All” tells the story of the infamous DAO hack that almost brought down the world’s second-largest blockchain. In June 2016, a here-to-now unknown assailant (or assailants) began syphoning off funds from Ethereum’s first decentralized autonomous organization, or DAO, a bit of software that functions like a corporation. Weeks earlier… Source link

Market capitalization and ‘flippenings’ happen to be important reflections of value for many crypto pundits and investors. Anyone who’s been in the game since 2017 will recall the heated discussions revolving around the Ether (ETH) to Bitcoin (BTC) flippening and the same commotion was caused by Bitcoin Cash (BCH) and EOS flipping top blockchains as they moved into the top-5. Now traders’ attention has shifted to Polkadot (DOT) as the network is currently ranked top-5 cryptocurrency by… Source link

Key Takeaways Bitcoin is poised to advance another 7% past $11,000 based on patterns forming on its 4-hour chart. Ethereum could drop as much as another 35% based on momentum from its hard fall from yearly $480 highs. Overall uncertainty in the crypto market grows as prices continue to move sideways this September. Share this article Bitcoin looks ready to advance past $11,000 after a week of consolidation. Ethereum is projected to start falling again despite 10 days of slowly… Source link

Ether (ETH) price gained 14% from its Sept. 6 low at $320, but this month’s futures and options expiry is less than two weeks away. As its price is still pinned below $400, this raises the question of exactly how confident are derivatives traders of a 9% recovery to $400? By analyzing options model pricing, investors can easily conclude that traders are pricing in the 34% odds of Ether reaching $400 or higher. Still, the Black & Scholes options model main issue is heavily dependent on the… Source link

As the price of Ethereum’s native digital currency, Ether (ETH), has had record-high transaction fees recently, the price of ETH has also shown an increased amount of volatility.  A new high was hit at $495 at the end of August, after which the price took the elevator down and dropped more than 30% to $308. This dropdown caused the overall cryptocurrency market to slide as well, as the price of Bitcoin tumbled to test $10,000. Let’s take a look at the technical chart to see where ETH… Source link

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

Ethereum, having long played second fiddle to the number one cryptocurrency, bitcoin, is stepping into the limelight. The ethereum price, climbing more than 10% over the last 24-hour trading period and adding to gains of all almost 300% so far this year, remains far behind the bitcoin price—but price isn’t everything with the number of bitcoin tokens “wrapped” into ethereum doubling in August. MORE FROM FORBESA Radical New Crypto Just Blew Past The Bitcoin Price All-Time High-Up A… Source link

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link