In a rare good news story this week, Ethereum co-founder Vitalik Buterin revealed that, along with Polygon’s Sandeep Nailwal, he has pledged another $100 million for Covid relief. On June 9, Buterin said he and Sandeep “discussed and jointly concluded these and other projects are high-impact and need follow-through grants.” “Hence we decided to put...Read More
Ethereum co-founder Vitalik Buterin believes Ethereum still requires “three major technical transitions” to fully mature as a tech stack – and anything less will be insufficient. In a Friday blog post, the developer highlighted what’s needed to implement each of his ideal improvements, which could include “deep changes from applications and wallets.” Scaling, Security, and...Read More
Ethereum (ETH) appears trapped under $2000 after a stock rally has failed to push it past the price point, according to Mike McGlone, Senior Macro Strategist for Bloomberg Intelligence. Here’s what the analyst believes Ethereum needs to break the 12-month-long resistance level. Ethereum’s Major Resistance In a tweet on Thursday, McGlone said that $2000 looks...Read More
In the heat of SEC’s enforcement actions against Binance and Coinbase, a simple “Yes” by Jack Dorsey on Twitter elicited a flurry of comments. It all started when a Twitter user asked Dorsey if he thinks Ether is a security, to which he answered in the affirmative. Jack Dorsey’s Ether Rant A known Bitcoin supporter,...Read More
Ethereum gas fees spiked to their highest level since 2022 following May’s memecoin comeback championed by the emergence of “Pepe the frog” themed altcoin, PEPE. This trend, however, appears to have slowed down amidst a waning interest in PEPE despite transforming several investors into overnight millionaires. According to new data by on-chain analytic firm IntoTheBlock,...Read More
This year, Ethereum’s network officially transitioned to a Proof-of-Stake consensus algorithm, leaving Proof-of-Work forever behind. One of the multiple implications The Merge has had on the protocol is that there are no longer Ethereum miners. Validators secure the network now, and the path to becoming one is supposed to be tremendously simplified – deposit 32...Read More
Popular crypto exchange Coinbase will launch Bitcoin and Ethereum futures contracts for institutional investors on June 5, the company said on its website. The company will launch these products through CFTC-regulated Coinbase Derivative Exchange, promising lower fees than other US-regulated derivatives exchanges. BTI and ETI for Institutional Investors Coinbase has partnered with leading FCMs (Futures...Read More
As the ongoing bear market is already shaking the investor’s faith, a prominent trader has emerged with a bullish outlook on Ethereum (ETH) compared to Bitcoin (BTC). This trader, known as Bluntz, is gaining attention for suggesting that the Ethereum/Bitcoin (ETH/BTC) pair is on the verge of a breakout. Ethereum Primed for a Breakout With...Read More
Naturally, the question of whether Ethereum will overtake Bitcoin by total market cap is very interesting to crypto investors. And there are some pretty strong arguments to be made on both sides, which is why we decided to engage with unbiased AI chatbots. Will Ethereum Bitcoin Flippening Happen? Bitcoin maxis believe BTC will be the...Read More
Renowned Bitcoin cash advocate and early Bitcoin investor, Roger Ver, predicts that neither Ethereum nor Bitcoin will be the primary choice for new crypto users. Speaking on the “Show Me the Crypto podcast,” Ver, often referred to as “Bitcoin Jesus” for his past Bitcoin advocacy, acknowledges Ethereum’s scaling issues but recognizes it as the frontrunner...Read More
Despite several macro challenges, Ethereum (ETH) has been displaying continuous upward momentum and a potential of reaching the $2K mark. However, recent market trends have seen Ethereum face a strong rejection above the $1.9K mark, causing ripples among long-term holders and traders. The rejection at $1.9K was not entirely unexpected. The crypto market has been...Read More
Coinbase-incubated Base is gearing up for a mainnet launch as the Ethereum layer 2 ecosystem heats up. Path to Base mainnet includes a certain set of objectives to be met. The official timeline for the mainnet launch has not been revealed yet, but Optimism’s upcoming Bedrock upgrade remains a crucial factor. Base Mainnet The Base...Read More
Ethereum co-founder Vitalik Buterin has warned against ‘”overloading” Ethereum’s social consensus – which, if discouraged or resisted – could bring “high systemic risks to the ecosystem.” While admitting the “natural urge” to try to extend the Ethereum blockchain’s core functionality, Buterin added that such actions could end up making the consensus layer more fragile. Risks...Read More
Bitcoin and Ethereum, the two largest cryptocurrencies, are showing signs of future price increases, according to a report by Santiment, an on-chain data vendor. The report states that investors are actively withdrawing their Bitcoin and Ethereum holdings from crypto exchanges and moving them to secure cold storage wallets. This trend suggests that investors are becoming...Read More
Global payments giant Visa has deployed experimental smart contracts on Ethereum’s Goerli testnet to pilot gasless transactions through account abstraction. The two sets of smart contracts, dubbed Paymaster, will simplify user interaction with the Ethereum network by performing complex tasks and managing transaction costs on behalf of other accounts. Visa Tests Paymaster for Frictionless Transactions...Read More
Lido Finance – which is the largest liquid staking protocol on Ethereum – upgraded to version 2 earlier this week. The move essentially enabled liquid staking users, meaning, the holders of staked ether (stETH), to withdraw stETH to ETH from Lido at a 1:1 ratio. The latest data suggest that only 0.42% of the withdrawals...Read More
Optimism, a popular layer-2 blockchain, is set to release its long-awaited Bedrock upgrade on June 6th at 16:00 UTC. The Bedrock release – which is a complete rewrite of an entire rollup stack – is expected to be the largest upgrade ever released on OP Mainnet with a focus on reducing fees and improving Ethereum...Read More
Market-leading liquid staking platform Lido has enabled staked ETH withdrawals. The move came as Lido launched the V2 upgrade live to mainnet on May 15. The upgrade is the largest yet for the protocol, and it has two major components: “Lido V2 introduces two major components, with the most user-facing aspect being Ethereum withdrawals. This...Read More
The Beacon Chain – which serves as the consensus layer for the Ethereum network – experienced technical issues on two separate occasions last week, causing it to stop finalizing blocks. While blocks were being proposed, they were not validated during a 25-minute window. The two incidents were recorded on May 11th and 12th when more...Read More
On May 11, MetaMask revealed that it had added PayPal as a payment option for Ethereum purchases. However, the new payment channel is only available to U.S. users. “MetaMask is the first web3 wallet to enable users to buy ETH using PayPal, a leader in the digital payment space,” it said. The integration also supports...Read More
The number of ETH sitting on crypto exchanges continues to decrease and is now down to its lowest position since public trading began almost a decade ago. However, that has not stopped the price of the second-largest cryptocurrency from further dropping to a new 6-week low. CryptoPotato reported in late March that the Ethereum supply...Read More
While the debate surrounding Ethereum’s high gas fees have been a major pain point, the latest spike comes amidst the PEPE memecoin hysteria that has put tremendous pressure on the network once again. Traders are paying thousands of dollars for a transaction as Ethereum’s gas fees surged above a one-year high. In the latest development,...Read More
In recent weeks, the Ethereum community has been grappling with an issue causing concern for many users – the rapidly increasing gas consumption on the network. Gas fees are charged for processing transactions on the Ethereum blockchain, and they have been rising at an alarming rate. Ethereum Gas Fee Hits 12-Month High According to data...Read More
Polygon announced that Polygon Bridge is now available for Polygon zkEVM. The development comes a month after the launch of the zero-knowledge rollup on Mainnet Beta. The symbolic first transaction on Polygon zkEVM Mainnet Beta was performed by Ethereum co-founder Vitalik Buterin. Polygon zkEVM Mainnet Beta is designed to be an all-purpose Ethereum scaling protocol...Read More
A wallet that participated in Ethereum’s initial coin offering (ICO) in 2016, which remained dormant since then, has finally woken up after seven years and seven months. According to a tweet by on-chain analysis firm Lookonchain, the address transferred one ether (ETH) to a new address about 13 hours ago, marking its first transaction. The...Read More
The Merge represented the Ethereum network’s transition from proof-of-work to proof-of-stake. 218 days later, more than 103,092 ETH has been eliminated from the supply of the world’s largest altcoin. At current prices, this amounts to a little over $197 million. Deflation on the network is on the rise as the supply declined by 0.146% per...Read More
Following a lull this week, staked Ethereum withdrawals have ramped up again. The pending withdrawal queue is being processed, and a large chunk of it is down to the Kraken crypto exchange. On April 20, Nansen researchers observed that the second wave of full withdrawals was underway. They added that Kraken had over 330,000 ETH...Read More
Societe Generale’s crypto arm – SG Forge – has announced the launch of a stablecoin pegged to the euro on Ethereum, dubbed EUR CoinVertible. The latest offering will be accessible to only those institutional investors qualified on the basis of Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. The EURCV Stablecoin According to the...Read More
On April 19, the VC giant announced Magi, a new rollup client for the Ethereum layer-2 ecosystem, Optimism. It stated that client diversity is important for Ethereum, and it is critically important for layer-2 and rollups. “Multiple independent client implementations can help ensure the safety and liveliness of the network,” the firm noted. Magi is...Read More
Ethereum successfully implemented a long-awaited tech upgrade on April 12. Also known as Shapella – this upgrade enabled withdrawals for the first time from the proof-of-stake blockchain. A week later, the amount of staked Ether has now exceeded the number of ETH being withdrawn for the very first time. According to the on-chain analytic platform...Read More
