Ethereum

Ethereum moved closer to $1,400 on Thursday, as the token rebounded from yesterday’s sell off. The world’s second largest cryptocurrency rose to its highest point in almost ten days during today’s session, as markets were marginally higher. Bitcoin was once again trading above $20,000. Bitcoin Bitcoin (BTC) was once again hovering above $20,000 on Thursday, as markets were boosted by better than expected private payrolls figures. Ahead of tomorrow’s non-farm payrolls report,… Source link

Ethereum is showing positive signs above the $1,350 resistance zone against the US Dollar. ETH could gain bullish momentum if there is a clear move above the $1,400 resistance. Ethereum is gaining pace and recently traded above the $1,375 level. The price is now trading above $1,350 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,355 on the hourly chart of ETH/USD (data feed via Kraken). The… Source link

Blockchain Generated $200M In The Third Quarter Ethereum revenue “fell off a cliff” in the third quarter of 2022, squeezing staking yields in the process, according to a recent report from crypto research firm Messari. Ethereum generated almost 137,000 ETH in transaction fees, also known as “gas fees,” between July and October, down from a million-plus in the first three months of the year. The drop was most pronounced between the second and third quarters, with fees dropping 74%. Source link

Bitcoin continued to trade above $20,000 on Wednesday, as the token remained near a two-week high. Bullish momentum in cryptocurrency markets has been higher this week, with prices surging after a recent downward spell. Ethereum, on the other hand, was largely unchanged in today’s session. Bitcoin Bitcoin (BTC) was once again trading above $20,000, as the token continued to trade near a two-week high. BTC/USD surged to a peak of $20,479 late in Tuesday’s session, which was its… Source link

Ethereum (ETH) creator Vitalik Buterin is laying out what he hopes the end goals are for the second-largest crypto by market cap. In a new interview with the Bankless podcast, Buterin says Ethereum is guided by values rather than ultra-specific ultimate goals. “Ethereum’s ethos from the beginning has been to insist on a few particular values but otherwise not have its own picture of what specific things it brings to the world, but leave that up to the ecosystem and lots of… Source link

Are regulators with the U.S. Securities and Exchange Commission gearing up to take down Ethereum? Given the saber-rattling by officials — including SEC Chairman Gary Gensler — it certainly seems possible. The agency went on a crypto-regulatory spree in September. First, at its annual The SEC Speaks conference, officials promised to continue bringing enforcement actions and urged market participants to come in and register their products and services. Gensler even suggested crypto… Source link

Ievgeniiya Ocheretna Thesis Summary Ethereum (ETH-USD) is set to become the most valuable cryptocurrency in existence. Following the merge, the supply of ETH has almost become deflationary, and, on top of that, staked ETH, which is a derivative of ETH, has become a yielding asset. This makes Ethereum the perfect “commodity” to hold during the next few years. It offers advantages over oil and gold and will perform well in both an inflationary/loose monetary and deflationary/tight monetary… Source link

BackyardProduction / Getty Images Ethereum 2.0 is the next level of blockchain technology and cryptography. Some would regard the original cryptocurrency, Bitcoin, as a near-perfect substitute for the existing global monetary system. Ethereum, however, isn’t… Source link

Ethereum has been one of the cryptocurrencies that have received major support from the crypto community regardless of how the price performs in the market. Since the Ethereum Merge was completed, though, the digital asset has not performed as well as expected. ETH’s price has continuously bled out, which has led to its price relegating to the low $1,000s. As the new month begins, speculations abound on whether the cryptocurrency has what it takes to recover.

Ethereum blockchain shifted from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism on Sept. 15, 2022. Along with this move, ETHPoW, a distinct PoW blockchain (basically the old pre-Merge Ethereum) forked from Ethereum’s Merge, became live. This forked version of Ethereum aims to maintain the proof-of-work mining process for ETH miners. Any miner is permitted to add a block to the PoW network with the clear stipulation that the first valid block published is the correct one…. Source link