Ethereum

Ethereum’s native cryptocurrency ether hit a high of $1905. Illustration: Reuters/Dado Ruvic/Illustration Ethereum soared 12% today following a successful test ahead of the upcoming ‘merge’, and after CPI data in the US showed inflation had slowed in July. Following the healthier inflation data from the US and the successful Ethereum proof of stake test, Ethereum’s native cryptocurrency ether hit a high of $1905. On Wednesday, the Ethereum network (ETH-USD) ran its last test before the major… Source link

Ethereum’s native asset Ether (ETH) has more than doubled in value since bottoming out at around $885 in June 2022. Now, it eyes a decisive move toward $2,500 in August per a slew of technical and fundamental indicators. Ethereum chain split means more tokens A big part of Ether’s ongoing rally has appeared due to “the Merge,” a network upgrade that will switch Ethereum’s underlying blockchain protocol from proof-of-work (PoW) to proof-of-stake (PoS) in September. Simultaneously, switching to… Source link

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The crypto market has seen a shift in general sentiment since 9 August. This is being credited to the release of United States CPI news which will be panned out later on 10 August. There are expectations among analysts that inflation has already peaked in June with the cooling of gas prices and supply-chain issues. A survey from the New York Federal Reserve this week signaled a positive sentiment among consumers since June. According to CNBC, consumers expected inflation to… Source link

Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. After a turbulent year, bitcoin and ethereum prices are looking up. But some experts aren’t quite ready to say investors are in the clear from recent price swings. The two largest cryptocurrencies are still down more than 50% from their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, 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. As part of their… Source link

A pollution-spewing version of the Ethereum blockchain will live on after the main smart contract platform switches to an environmentally friendlier, far more scalable technology next month. Just don’t try to buy anything on it. Crucially, the two top stablecoin issuers, Tether and Circle, announced on Tuesday (Aug. 9) that their dollar-pegged tokens will only support the new proof-of-stake (PoS) Ethereum 2.0 blockchain that will emerge after the long-awaited “merge” happens on Sept…. Source link

The trading session on 8 August was an interesting one for ETH HODLers as the price of the leading altcoin jumped above $1,800 for the first time in two months, data from Santiment revealed. In the last 30 days, the ETH network has seen over 546,000 active addresses trading the coin daily. Santiment showed this to be the highest rate in the daily active address index that the altcoin registered so far this year. Fortune has smiled on the leading altcoin At the beginning of the… Source link

Crypto-focused data analytics platform Messari plans to raise fresh financing at a $300 million valuation, according to The Block. Messari founder and CEO Ryan Selkis declined to comment on the funding, but tweeted: “I don’t comment on market rumors related to Messari, but… We’ve scaled to 130 people on zero net operating burn, had a record July, and are hiring $35mm worth of developers to help bring transparency and institutional-grade data tool to the crypto market.” Source link

The Ethereum [ETH] network seemed to be creating a divide in the crypto-verse. ETH miners have been rebelling against the Merge as it would negate the significance of mining the asset. Therefore, the idea of a hard fork that would divide the network into ETHPoW and ETHPoS began surfacing. Chandler Guo, a prominent Chinese miner was leading this movement. While several miners have shown support, a few others have disregarded the possibility of a hard fork. Ethereum Classic [ETC] was part of… Source link