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The Ethereum team executed a final test ahead of the merge event, after which the network will move to the Proof-of-Stake consensus mechanism. The upgrade is supposed to scale Ethereum and consume less energy than Proof-of-Work. Ethereum core developer and researcher Ansgar Dietrichs announced that...
Crypto financial services and payments company Circle released a blog post about the company's approach toward the expected update of Ethereum. The team said since the release of the USDC stablecoin on Ethereum in Sept. 2018, they have collaborated closely with the ecosystem and have seen essential...
As Ethereum's move from Proof-of-Work Consensus mechanism to Proof-of-Stake is nearing, many miners consider going back to Ethereum Classic, a fork of Ethereum that uses PoW. Talking about the expected event, and its impact on the network at the ETHSeoul festival, Buterin said he doesn't think that...
For the first time in the crypto options market, Ether (ETH) has proven to be a more popular asset compared to Bitcoin (BTC). On the largest exchange, Deribit, open interest in ETH options reached $5.7 billion. The number of open contracts for bitcoin was 32% less - $4.3 billion. Traders are...
At a recent European Ethereum Conference, Vitalik Buterin shared his vision about the expected merge, the difference between Ethereum and Bitcoin, the future of Ethereum, etc. Buterin mentioned that while Bitcoiners think BTC is 80% complete, Etherum supporters consider the system to be complete...
The Polygon team introduced the first EVM-equivalence zero knowledge Layer 2 scaling solution, zkEVM. It allows building on Polygon the same way as on Ethereum. Through zkEVM, developers can deploy smart contracts and use all the tools that operate on Ethereum. A blog post by Polygon says the...
Ether (ETH) proved to be one of the most successful altcoins this week. The coin has risen in price by 39% over the past seven days to $ 1519 - this is the maximum value since June 12. Last night, ETH briefly broke above $1600, but did not hold the position in this area and retreated....
The Ethereum dev team published a paper which reveals a new launch date for the upcoming Marge based on testnets and updates. The planned date is Sept 19, when Ethereum will begin relying on Proof-of-Stake instead of Proof-of-Work. According to a tweet by Ethereum’s Beacon Chain community...
Blockchain data intelligence platform Glassnode released a research piece that says 2022 has been the most significant bear market in the history of cryptocurrencies. Glassnode mentions that this year has been tough for BTC and Ether as valuations have been hitting hard and fast. It has been...
In mid-June, the founder of the BitMEX exchange, Arthur Hayes, did not rule out a stronger pullback for Bitcoin and Ethereum. In his opinion, if the leading digital currencies fall below the psychological levels of $20,000 and $1,000, then sales may become aggressive. This is exactly what we saw...
Most cryptos increased in price in the last 24 hours. Bitcoin and Ethereum gained around 10% and 15%, surpassing $20,000 and $1,100 respectively. The total crypto market cap increased by about 9% and currently stands at above $894 billion. Before the rally, on June 19, Bitcoin dropped below $18,000...
SkyBridge Capital founder Anthony Scaramucci said in April that his fund invests the lion's share of its capital in cryptocurrencies. This week, the financier admitted on CNBC that SkyBridge Capital took advantage of the fall in the crypto market and increased reserves in bitcoin and ether....
Arthur Hayes, the founder of the BitMEX crypto exchange, fears that the market has not found a bottom yet, and we are in for a deeper dive. The day before, he posted a post on Twitter in which he predicted a new phase of the weakening of bitcoin and ether. If the leading digital currencies fall...
On the Ethereum network, the number of unprofitable addresses has risen to its highest level in two years. The researchers found that more than 34.1 million ETH holders were in the red, that is, they bought ether at prices higher than today. The largest altcoin ended the past week below the...
Ethereum co-founder Vitalik Buterin said in one of his tweets that he is no longer a billionaire. Replying to a post of the Neoliberal Project about people analyzing tweets of Elon Musk and Jeff Bezos, Buterin wrote he appreciates them for responding to people, and not shouting their own stuff. He...
According to CryptoQuant CEO Qi Yang Ju, activity on the Ethereum network remains consistently high. The number of addresses sending and receiving funds daily fell by only 7% despite the sharp increase in volatility after the collapse of the UST stablecoin. As a result of the turbulence, the...
Ethereum co-founder Vitalik Buterin, finds that Layer 2 transactions need to be lower than $0.05 to be totally acceptable. Recently, the Bankless podcast host, Ryan Sean Adams, tweeted a screenshot of the average costs of transactions for some L2 protocols. Adams wrote that fees wrote that...
The Ethereum Foundation (EF), a non-profit organization that supports the development of Ethereum, released a report that gives details of its holdings. The team mentioned that decentralized funding is important for Ethereum's future. The 28-page report covers subjects like EF values, future...
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