Ethereum

The crypto market is on the verge of igniting a sustainable bull run. Bitcoin and Ethereum are on the verge of breaking through to new yearly highs, which could spark a more widespread crypto market rally in the coming weeks. Bitcoin has continued its strong winning streak and spiked over 8.5% to $23,162. The second largest cryptocurrency, Ethereum (ETH), is also experiencing a significant rise as it has increased by roughly 5% to… Source link

Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Over the past week, Ethereum is burning hotter than ever. As part of EIP (Ethereum Improvement Proposal) 1559, launched all the way back in August 2021, the protocol has been burning ETH (crypto lingo for destroying) at a massive rate. As per EIP-1559, a portion of all Ethereum transactions are destroyed: a piece of every NFT trade, yield strategy, and even simple token transfers. It’s all getting torched. Since… Source link

On January 22, the leading cryptocurrencies such as Bitcoin and Ethereum are on a rise, having surged nearly 10% in the last seven days. Bitcoin is holding over $23,000 and Ethereum is up to trade above $1,650.  Bitcoin experienced a significant upswing and some possible contributors to this phenomenon include whale activity, public buying, and cryptocurrency’s potential for disrupting financial services.  The crypto market’s… Source link

Proof of work (PoW) is a way that transactions on a blockchain network are validated and verified. To validate transactions and add a new block to the blockchain, PoW miners compete with one another to solve challenging mathematical problems. The first miner to complete the problem receives a specified amount of cryptocurrency tokens as payment. Cryptocurrencies that use PoW include Bitcoin (BTC) and Dogecoin (DOGE). The other popular… Source link

Bitcoin (BTC) and Ethereum (ETH) are leading the weekly gains among the ten largest cryptocurrencies by market cap as their prices soared 11.2% and 9.7%, respectively. At the time of writing, Bitcoin was changing hands at $20,981, up 1% over the day, with Ethereum trading at $1,551, up 2% in the past 24 hours, data from CoinGecko shows. These are by far the best results among the market’s largest crypto assets, with the sixth-placed XRP gaining 5% over the past week, followed by Polygon… Source link

Signs that a global economic slowdown is coming are everywhere these days. In mid-January, the World Bank warned that one will likely occur this year, led by weaker growth in the U.S., Europe, and China. As such, the threat of a recession should be top-of-mind for anyone thinking about investing in crypto this year. Although it might not be possible to recession-proof your crypto portfolio, there are steps that you can take to make it more resilient. Investing in Ethereum (ETH 1.67%) could… Source link

Tel-Aviv, Israel –News Direct– SSV.Network ssv.network DAO is launching a $50 Million Ecosystem Fund dedicated to supporting the development of Distributed Validator Technology (“DVT”) based applications. To usher in the next wave of Ethereum staking technologies, a host of Staking companies and VCs from the crypto space – including the likes of DCG, OKX, HashKey, NGC, Everstake, HackVC, GSR, Chorus.One, SevenX, 1kx, and more – have joined forces to help advance the next generation of… Source link

Ethereum price hovers around $1,550 after a bullish start to 2023.  Investors are already detailing fundamental reasons why the current levels are the best place to accumulate ETH. Developer activity, deflationary status, and staking are a few of the most important reasons that make the smart contract token stand out from the rest. Ethereum has played an extremely important role in building the cryptocurrency ecosystem in the world. Although many blockchains were… Source link

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NYX Professional Makeup is launching an online beauty “incubator” in the form of a DAO called GORJS, as well as 1,000 Ethereum NFTs called the “FKWME Pass,” the L’Oréal-owned brand announced Thursday. GORJS, pronounced “gorgeous,” aims to set a precedent for “what beauty will be in the metaverse, and lead the cultural conversation as it relates to the values of diversity, inclusivity, and accessibility,” according to the DAO’s litepaper, or technical explanation. The DAO was… Source link