Ethereum

Swissquote has introduced a staking service for Ethereum (ETH) — a practice of earning rewards for serving as a transaction validator in the Ethereum blockchain. The process enables users to earn dividends or interest on their Ether holdings just for depositing and holding the second largest cryptocurrency on the platform. The Swiss online bank posted on its website the terms for staking Ethereum, noting that it will provide an estimated 5.28% annual percentage yield (APY) on tokens staked… Source link

Ethereum’s native token, Ether (ETH), looks ready to undergo a massive rally due to a mix of technical and fundamental factors. From a technical perspective, ETH’s price now eyes a 35% rebound by the end of October after holding testing a key support level. This level is a rising trendline that has capped Ether’s downside attempts since June 2022, as shown below. ETH/USD weekly price chart. Source: TradingView In other words, traders have shown interest in buying Ethereum tokens near this level… Source link

Ethereum failed to clear the $1,300 resistance zone against the US Dollar. ETH is declining and there is a risk of a drop below the $1,265 support. Ethereum is still showing bearish signs below the $1,350 and $1,320 support levels. The price is now trading below $1,300 and the 100 hourly simple moving average. There was a break below a key rising channel with support at $1,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of… Source link

The Ethereum price has been trending to the downside after its successful implementation of “The Merge” and its transition to a Proof-of-Stake (PoS) consensus. Launched back in September on mainnet, ETH’s price has been losing bullish momentum since then. At the time of writing, the Ethereum price trades at $1,298 with sideways movement during today’s trading session and a 5% loss in the last 7 days. The second cryptocurrency by the market has been… Source link

Arbitrum and Optimism, the first rollups to launch, were welcomed with open arms by an Ethereum community desperate for a more usable blockchain network, and it was hoped that Ethereum app builders would move en masse to their cheaper shores rather than leave the ecosystem altogether in favor of newer blockchains (e.g., Solana) or less-secure sidechains (e.g., Polygon). Source link

On Wednesday, major cryptocurrencies were trading in the green during the Asian session, as the global crypto market value climbed 0.20% over the previous day to $918.72 billion. In contrast, the total crypto market volume fell 8.20% in the last 24 hours to $49.50 billion. The overall volume in DeFi was $3.14 billion, accounting for 6.35% of the total 24-hour volume in the crypto market. The overall volume of all stablecoins was… Source link

PoS Meets ESG as Utility Embraces Minimal Carbon Footprint In a surprising development given government skepticism toward cryptocurrencies, Electricite de France, the French state-owned energy supplier, is operating  more than 150 Ethereum nodes, according to a report from The Big Whale, a web3 news outlet. One of EDF’s subsidaries, Exaion, operates around 10 nodes for itself, and more than 140 nodes on behalf of its customers. The Big Whale report said the unit also validates 150 more… Source link

Or take the example of PayPal. For risk-averse shoppers, the ability to dispute and reverse PayPal transactions is a helpful feature. But it has given rise to all sorts of PayPal fraud. In a PayPal overpayment scam, for instance, a scammer takes advantage of PayPal’s dispute system to overpay a seller for something, then asks the seller for a refund of the excess. After the overpayment is returned, the scammer asks PayPal to reverse the original transaction. The seller effectively loses the… Source link

Whatever happened to the big post-Merge rally for Ethereum (ETH -2.38%)? The second-largest cryptocurrency in the world is down 25% during the past 30 days. Given the general malaise afflicting both crypto and equity markets, this downturn perhaps shouldn’t be that concerning, but investors were expecting so much more from Ethereum after it just completed the single-greatest feat in crypto history. The good news, though, is that Ethereum is likely undervalued right now at its current price… Source link

The Securities and Exchange Commission potentially could deliver some fairly dire news to Ethereum (ETH -2.37%) investors. The agency is sending intensifying signals that it considers it to be a security rather than a cryptocurrency. Most recently, SEC Chairman Gary Gensler suggested that Ethereum’s recent transition to a proof-of-stake blockchain is further proof that the second-largest cryptocurrency in the world is a security and should be regulated as such.  Obviously, any change in… Source link