Ethereum whales dump all holdings: A potential delay in the bull market?
The Ethereum (ETH) market is facing big problems, as new data show that major investors are selling off their holdings. According to data from blockchain analytics, the number of Ethereum accounts with 1,000 or more coins has dropped to its lowest level in 10 months. This low was seen in November 2022, when the number […]
Ethereum 2.0 staking sees undeterred demand despite 31% average losses
Despite Ethereum 2.0 staking becoming increasingly popular among holders, long-term stakers have faced an average loss of around 31%. Furthermore, over the past ten weeks, the realized value of Ethereum (ETH) has decreased as the average price of Ether supply was valued at the day; each coin was last transacted on-chain. Despite this negative pressure, […]
Here’s what every ETH holder should know about Ethereum’s Shanghai Fork
Ethereum users anticipate the long-awaited Shanghai fork, which complements the present proof of stake mechanism. Before now, Ethereum used to run on the PoW mechanism. This meant that the network validation was solely the miners’ responsibility. As a result, the miners charged little fees to carry out their duties and, in turn, enabled optimum security […]
Ethereum developers are to release Staked Ether in March 2023
Ethereum is one of the top cryptocurrencies in the crypto world, and anything that happens will directly or indirectly impact the overall market. The news that Ethereum will release its hard fork, Shangai, and stacked Ether will be released in March will probably improve the prevailing sentiments about the market. The news came to light […]
Stats explained: Ethereum’s issuance and burn stats since the merge
When Ethereum was first launched in July 2015, all its transactions, smart contracts, and accounts were held through the Proof-of-work system. PoW adds new data and transactions to the blockchain but needs a miner to solve the complex cryptographic functions. Additionally, this requires a lot of energy and hardware. The Ethereum community launched the Beacon […]
Big news for Facebook and Instagram crypto community.
Today, Meta founder and CEO Mark Zuckerberg announced that both Facebook and Instagram platforms would allow users to connect their wallets and share NFTs on their social media pages. The announcement comes at a time when NFTs have generally received negative sentiments across the crypto space. The announcement is meant to improve the quality of […]
Explained: 2 Important Ethereum priorities after The Merge
The just concluded Ethereum merge has left crypto enthusiasts asking about the next Ethereum priorities. In a recent interview, Vitalik Buterin outlined the Ethereum priorities post-merge, naming the two most important steps the Ethereum network aims to achieve. The platform has undergone several development changes, with The Merge becoming its most significant development change. Vitalik […]
Can an Ethereum transaction be reversed? Stanford researchers’ proposal
According to Stanford researchers, Kaili Wang, Dan Boneh, and Quinchen Wang reversing Ethereum transactions may be a beneficial tool for blockchain technology. The reversibility of transactions allows theft within blockchain networks to be easily tacked and reversed. The inability to reverse blockchain transactions has been a double-edged sword for blockchain projects. Besides its numerous benefits, […]
Details: 46% of Ethereum PoS nodes controlled by 2 addresses
The Merge gave birth to Ethereum PoS, a complete transition from an energy-intensive proof-of-stake consensus mechanism to an environmentally friendly proof-of-stake consensus mechanism. The transition marks one of the most complex crypto projects in recent years. Although some analysts were skeptical about the success of The Merge, many were proved wrong when Vitalik tweeted about […]
In tweets: What’s happening on Twitter after the successful Ethereum Merge?
The long-awaited Ethereum Merge is finally over, and the ecosystem has successfully converted to Proof of Stake. Much has been discussed about the Merge before it happened; however, now that the transition is finally successful, here are some notable commentaries on Twitter about what to expect after The Merge. Vocal industry leaders like Vitalik and […]
Ethereum eyes $2K as the final testnet merge goes live on Goerli
Ethereum has now achieved yet another milestone in its path toward the proof-of-stake Merge. The final testnet for the Merge was released on the Goerli testnet on August 11th. The final trial is completed before the main event in September. The merger with Goerli took place at approximately 1:45 a.m. UTC today. After Ropsten and […]
Ethereum seeks to end crypto-mining through GPUs
The second largest market capitalization token, Ethereum, is preparing for a new project where it intends to end GPU mining operations by the end of the year’s third quarter. According to research, the Blockchain team seeks to change their crypto mining process to one involving contribution tests. If so, this completely changes the crypto-mining scheme […]
Ethereum team finally confirms the merge date, and ETH surges 12%
Ethereum’s move from proof-of-work to proof-of-stake may take years, as it began with the debut of Beacon Chain in December 2020. The transition has experienced several delays on its road to adoption. The Ethereum network is getting close to the conclusion of its critical shift from proof-of-work (PoW) mining consensus to proof-of-stake (PoS). On Thursday, […]
Ethereum announces suspension of its difficulty bomb update
Ethereum has announced that it will halt the difficulty bomb upgrade on the Ethereum network for a while. According to the announcement, the step is one of the most integral that will occur before the major update. The major update is known as the Merge, which will see major changes on the Layer 1 network. […]
Ethereum price recovers, bull triggers lie above $420
The Ethereum price is wavy but bullish. Despite another DeFi hack, there are strong fundamentals that may push prices above $420 to $480 or better.
Ether NFTs have increased in value after the crypto crash
Recently, a recession was experienced in the crypto market, where significant tokens like Bitcoin and Ethereum lost over 20 percent of their value, affecting NFTs. However, cryptocurrencies are picking up, which is reflected in the price increase in the BAYC and Moonbirds collections. LUNA, a cryptocurrency that was among the 100 favorite cryptocurrencies, was at […]
Ethereum EIP-1559 London hardfork has been successfully initiated on the Ropsten test network
TL;DR Breakdown Ethereum(ETH) experienced record-breaking congestion in the month of May. In order to reduce the congestion, Ethereum Berlin and London upgrades have been made. This activation of EIP-1559 will be succeeded by the launch of ETH 2.0. Tim Beiko, an important developer in the Ethereum organization has made an announcement regarding the recent activation […]
Ethereum upgrade after-effects: Network burns around 36 percent of new ETH in 2 days
TL;DR Breakdown While people are patiently awaiting the arrival of ETH 2.0, the London hardfork has been implemented. The implementation of EIP-1559 seems to have created some issues. The network has already burned 5000 ETH or 46 percent of current supply, raising concerns. Ethereum investors are known to constantly ponder over the moment when the […]
Ethereum transfer fee now less than Tron20, moving volumes from Tron to ETH
TL;DR Breakdown During the first half of 2021, the gas price for ETH transfer had surged to all-time highs. On Sunday, the gas price of Ethereum went to its yearly low of around 3 Gwei. It took almost $0.12 to make a transaction on ETH for any trader. In layman’s terms, the gas fee is […]
Nearly 10% of Ether supply staked in anticipation of Ethereum 2.0 merge
TL;DR Breakdown: About 11.5 million ETH has been staked on Ethereum 2.0 deposit contract. Over 360k validators are now active on the network Ethereum merge could happen months after June. Nearly 10% of Ether (ETH) supply in circulation has been staked in anticipation of Ethereum’s merge to the long-proposed Proof-of-Stake (PoS) consensus mechanism. 9.5% ETH […]
Hayes Arthur,Bitmex CEO predicts Ethereum to reach $ 2,500 by June
TL;DR Breakdown: Arthur Hayes predicts Bitcoin and Ether will decline significantly towards Q3 2022. He pointed out a strong level of correlation between Bitcoin and the Nasdaq-100 index. Overall, he’s hopeful Ether will have a great year in 2022. In a recent Medium post, the former co-founder and CEO of BitMEX, Arthur Hayes, predicted that […]
ETH 2.0 Testnet goes live as part of the preparation for the upcoming merge
TL;DR Breakdown Kintsugi testnet goes live as ETH prepares to receive the upcoming merge. ETH will receive its PoS mechanism as the developers prepare it for the merge. The ETH 2.0 development team works around the clock days after one of them, under username Eric M said through discord that the PoS merge would happen […]
Uniswap votes to deploy v3 smart contracts on Polygon
TL;DR Breakdown Uniswap, one of the leading DEXs, has announced that its community has voted for the Polygon network’s support. The third version of Uniswap will now launch on the polygon network soon. ETH scaling solution Polygon is gaining ground in DeFi, and the members of the Uniswap community now want the third version of […]
Ethereum worth in the 2.0 stake contract surges to an ATH of 8.9 million
TL;DR Breakdown Staking for Ethereum’s ETH 2.0 update has hit a new landmark. Ethereum might lose its command to its competitors if the update is not timely. Ethereum blockchain will still dominate the blockchain space despite the challenges it faces. The quantity of Ether (ETH) deposited has hit an all-time high of more than 8.9 […]
Dfinity opens the ETH bridge to connect its ICP innovation
TL;DR Breakdown Dfinity activates its ETH bridge, Terabethia, to connect its ICP. ERC-20 tokens will now exist naturally on the Internet Computer Chain. Dfiniy’s cross-chain bridge will allow ERC-20 tokens to run naturally on its network. The bridge connects the ETH network and Dfinity’s Internet Computer Protocol (ICP). The network aims at facilitating the decentralization […]
Cardano price analysis: ADA/USD bearish for the next 24 hours
TL;DR Breakdown The Cardano price analysis is bearish. The resistance is present at $0.90. ADA/USD is currently trading at 0.814. Cardano’s price trend curve is downwards overall. Bullish activities have been observed occasionally, but the main trend remains in favor of bears. The price, nevertheless, plummeted dramatically in the last 24 hours, as well as […]
CME offers micro BTC and Ether futures to crypto players
TL;DR Breakdown • American financial group discusses its micro BTC project.• Crypto investment plan will be linked to the price of the two main tokens on the market. One of the most dominant commercial groups globally, CME, announced establishing a scheme to support investment in micro BTC. Simultaneously, the financial group will launch Micro Ethereum […]
Tubby Cats fan spends more than $720,000 on NFT mint gas fees
TL;DR Breakdown • Tubby Cats NFT Collection is trending at OpenSea for its transaction fees.• The non-fungible auction has been a complete success since it was published. A fan of the NFT market just spent over $488k or 204 Ethereum in transaction fees to mint a thousand non-fungible pieces of the Tubby Cats collection. According […]
Twitter announces crypto tips in Ethereum
TL;DR Breakdown • The social network rewards its customers with crypto-donations in BTC and ETH.• Crypto tips on Twitter famous in Nigeria and India. Twitter, like other American companies, has thoroughly entered the cryptocurrency world. But what is peculiar about this company and social network is that it has been testing the “tip jar” option […]
Ethereum: Real or Fake? Former Wall Street broker believes the token is a scam
TL;DR Breakdown • Max Keizer attacks Ethereum while the token recovers its value.• The second best-quoted cryptocurrency in the market, Ether, has gained over 6 percent of its value in the last week. A top Wall Street strategist, Max Keizer, said that the Ethereum cryptocurrency could be a vile scam. Keizer agrees that the crypto […]
Making Ethereum fee structure reliable and predictable: Multidimensional EIP-1559
TL;DR Breakdown Ethereum co-founder has suggest a new upgrade to the fee management. ‘Multidimensional EIP-1559’ will make the cost of activity on Ethereum blockchain predictable. Blockchain systems are going through improvements to ensure that the users get the best possible results. The chain of changes has been a continuous process and will continue because of […]
Vitalik Buterin publishes blueprint for ETH 2.0
TL;DR Breakdown Vitalik has described the Endgame blog post, a realistic Ethereum scaling guide. ETH 2 began late last year, and the move to POS will positively impact the network. Vitalik Buterin, the co-founder of Ethereum, has outlined efforts to increase scaling. This will introduce proof-of-stake and censorship resistance. Vitalik released the roadmap in a […]
Reddit launches ETH-based Use awards beta project with unique tokens for users
TL;DR Breakdown Reddit has initialized a society award beta project. It allows users to have ownership of the community. The award system measures the potential and character of users as the rewards will be based on such. Despite some Reddit bitcoin forums banning discussion on ETH, the reward program runs on ETH’s web 2. Reddit, […]
Ethereum developer surprised by the growth of NFTs
TL;DR Breakdown • Lane Rettig, former Ethereum developer, believes that more NFT technology should be used.• The Ethereum network could gain priority following the Zuckerberg Metaverse. The increase of the NFTs trade is largely due to the new Ethereum-based technologies integration. These advances came as a surprise to former ETH token creator Lane Rettig, who […]
EIP-4488: Vitalik Buterin proposes a limit to lower ETH gas charges
TL;DR Breakdown Vitalik Buterin suggests decongesting the Ethereum blockchain through EIP-4488. Ethereum Network has observed customer migration to affordable solutions. Vitalik Buterin, the Ethereum creator, has suggested EIP-4488 (Ethereum Improvement Proposal) to tackle high Layer 2 gas charges. Buterin is proposing a limit on the general transaction calldata. Additionally, the limit will tackle the total […]
Moonbeam wins Polkadot’s second parachain auction with $1.4 billion pledged
TL;DR Breakdown Moonbeam acquires a spot in Polkadot’s parachain for the next two years after excellent fellowship help. The company saw sustained contributions towards its goal. Moonbeam emerged as the victor of the second parachain auction on Polkadot. The Ethereum-compatible smart contract program beat its goal after it lost the initial sale. The company stated that […]
Ethereum to blame for dwindling fortunes in $100B sector
TL;DR Breakdown Industry players say the Ethereum network (ETH) is to blame for its declining leadership within the $104B Defi sector. Other blockchains (BC’s) with better offerings are challenging ETH’s position within the Defi space. The Ethereum network is at fault for its dwindling fortunes within the Defi sector. That’s according to analysts within the […]
Taproot, Bitcoin’s latest upgrade, will be active soon
TL;DR Breakdown A new bitcoin upgrade is expected this weekend. Taproot upgrade will enable more innovations on bitcoin. The development marks the beginning of better innovations within the network. Bitcoin is expecting a significant upgrade known as Taproot this weekend. All eyes are on this considerable development as it will be a significant mark in history. The coin’s […]
Ethereum logs record highs thanks to rising NFT boom
TL;DR Breakdown • ETH could reach new all-time highs in 2021.• Ethereum is the preferred network for creating non-fungible tokens. Ethereum, the highest-value altcoins in the crypto market, continues on a roll due to NFT trading and its increasing adoption. The cryptocurrency that ranks number two in the crypto market traded at more than $4,600 […]
CME to introduce micro Ethereum futures on its platform on December 6
TL; DR Breakdown The hugest derivatives exchange, Chicago Merchantile Exchange, is working its way to introduce micro Ethereum futures on December 6. Micro futures are its way of assisting users in making smaller investments while reducing risks and costs significantly. On October 2, Chicago Merchantile Exchange (CME) expressed its wishes to introduce micro Ether futures […]
