Binance – the world’s largest crypto exchange – has released a statement explaining how it will ensure a smooth transition to a proof of stake (POS) Ethereum next month. In particular, it covered how it will compensate users in the event of an Ethereum fork, during which two different blockchains and versions of ETH could...Read More
Coinbase has announced plans to add support for Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network. The cryptocurrency exchange is allowing customers who stake ETH to receive a liquid representation of their staked-ETH – Coinbase Wrapped Staked ETH. cbETH is an ERC20 utility token that will be introduced right before the Ethereum blockchain’s Merge...Read More
Alexey Pertsev, developer of the U.S.-sanctioned Ethereum-based cryptocurrency mixer Tornado Cash, will have to spend a minimum of 90 days in jail, although he is yet to be charged with a crime. The arrest of the Tornado Cash developer has sparked outrage and concerns from the crypto community, which believes that such action could have...Read More
The Ethereum (ETH) price has ramped up significantly and increased by more than 5% since the early trading hours as the Ethereum Merge inches closer. However, it wasn’t able to keep up the momentum for long, as the price was dragged by bearish pressure from the daily highs near $1637 to its starting point. Though...Read More
Due to the development of a bearish pattern, the price of Ethereum is hanging by a thread. However, after being rejected from the crucial psychological barrier of $2000, the price of ETH appears to be reversing. Although, the fundamentals seem to be more solid than ever with the Merge upgrade just around the corner. Investors...Read More
A closely tracked Crypto strategist and trader whose 2018 Bitcoin (BTC) bottom turned out to be true, now has his predictions for Ethereum’s year-end trading. The analyst who is anonymously called Smart Contracter has come up with his analysis informing his 210,600 on Twitter saying the world’s second-largest cryptocurrency by market cap, Ethereum is all...Read More
Ethereum Network is gearing up for the Merger this September in line with the broader Ethereum community. While ETH’s price was well on track to reach the initial target beyond $2000, the past weekend’s plunge squashed the possibilities of achieving these levels. Previously, the asset has displayed a fakeout which appears to repeat with the...Read More
Ethereum 2.0 client Teku has released version v22.8.1, considered as another major step toward the Merge. As per the official announcement, it is a required update that keeps the Bellatrix upgrade on track for September 6th that will kick off the long-awaited process of the Merge and set everything in motion. All mainnet nodes will...Read More
Tornado Cash has become a common money laundering platform with rapidly growing incidents across Ethereum and Binance Smart Chain on a consistent uptrend. A substantial magnitude of the illicit funds has lost their trail after going through the mixer. According to a new report by blockchain security platform SlowMist, 74.6% of stolen funds (or nearly...Read More
A gloomy week! Since the start of this week, the bears have had their control across the crypto market. This majorly impacted Bitcoin and Ethereum as Bitcoin lost its $22,000 mark and Ethereum’s $1,700 level. However, now a popular crypto analyst and trader has put forth his analysis on bitcoin org bitcoin org Event OrganiserTechnologyPayment...Read More
In the midst of Crypto bloodbath, a popular crypto analysts and traders is predicting a bullish outcome for one of the well-known Ethereum (ETH) competitors. An anonymous trader who is known as Guy, a host at Coin Bureau informs his 2.09 million Youtube followers that he is of the opinion that Solana (SOL), a layer-1...Read More
One of the largest derivatives marketplace, Chicago Mercantile Exchange (CME), announced plans to launch options on Ether futures on September 12th, subject to regulatory review. The new product release comes as CME Group recorded 1.8 million Ether futures contracts traded to date. With the highly anticipated Ethereum Merge nearing, Tim McCourt – Global Head of...Read More
Analysts of prominent investment bank JPMorgan believe that Coinbase will be meaningfully benefitted from the upcoming Merge. In a note to the clients on Wednesday, analyst Kenneth Worthington said that the San Francisco-based crypto exchange has taken concrete measures in a bid to maximize the value of ETH staking for its clients. This is expected to...Read More
While Ripple execs claim that the company has been unfairly treated by the SEC, Ethereum frontman Vitalik Buterin hasn’t been exactly silent either. In a fresh jibe, the latter accused the former of throwing Ethereum under the bus as “China-controlled.” The latest feud also started with a discussion of new regulatory changes in Canada with...Read More
Brian Armstrong – CEO of Coinbase – stated on Thursday that he would refuse to censor the Ethereum blockchain using his platform’s concentrated stake in the protocol. If compelled by the government to do so, he’d rather shut down the service. Armstrong made his intentions clear in response to an Ethereum developer’s question concerning the...Read More
Fidelity’s Director Comments On The BTC and ETH Price Bitcoin and the overall cryptocurrency market have experienced a tremendous run-up over the past 45 days since the start of July 2022. In a series of tweets on Friday, Jurrien Timmer, director of Global Macro, in the global asset allocation section of Fidelity Investments, discussed his...Read More
The Merge continues to be one of the most high-profile upgrades in recent times. But the retaliation is strong and has gained many allies. Those opposing keep reiterating their push for Ethereum to undergo a “hard fork” after it transforms into a proof-of-stake (PoS) blockchain next months. Despite this, many protocols are looking to shift...Read More
In his latest blog post, former BitMEX CEO Arthur Hayes broke down how he expects Ethereum traders to react before and after the merge. Based on the technicals of the upgrade, he suspects that Ethereum will rally after a successful transition in September, similarly to how Bitcoin rallies during its periodic halving cycles. The Theory...Read More
Ethereum Name Service (ENS) domains skyrocketed in July as the project witnessed the largest monthly rise in revenue. The total number of registrations has surpassed the whopping two million barrier. Ethereum Name Service, most popularly known as ENS, describes itself as a web3-friendly, decentralized protocol that links complex strings of alphanumeric machine-generated characters to human-friendly...Read More
Coinbase – the largest cryptocurrency exchange in the United States – will temporarily suspend Ethereum-based deposits and withdrawals during September’s “merge” upgrade. The exchange posted a blog post on Tuesday explaining what to expect from both Coinbase and Ethereum following the network’s long-awaited transformation. Ensuring a Smooth Transition Per Coinbase’s announcement, the suspension – which...Read More
Compound Labs has announced the first smart contract deployments for Compound III, which will create a USDC market on Ethereum. The contracts await activation by Compound governance but are now open to review by the community. According to the latest update from Compound’s protocol development log, the deployment brings Compound III “just a governance proposal...Read More
The Ethereum (ETH) blockchain’s potential effects on scaling solutions are being examined by cryptocurrency exchange Coinbase. Layer-2 scaling solutions (L2s), according to a study by Coinbase, may reduce Ethereum’s earnings. The future of L2s may very well be a zero-sum game, with whatever L2 eventually powers the whole Ethereum ecosystem being the one that hosts...Read More
The cryptocurrency price tracker CoinGecko estimated that this year’s decline in the digital asset market had changed the trends in the industry. According to the company’s research, Nigeria has emerged as the most crypto-curious nation across the globe. Other recent reports revealed that Nigerians’ interest in digital currencies is prompted by their limited access to...Read More
The Ethereum upgrade is all the hype these days and is highly anticipated due to the scalability and security it promises. After multiple tests ran successfully, people are hopeful of a smooth launch in September. Ethereum 2.0 is expected to be more energy-efficient and, hence, a planet-friendly network that will allow more transactions and increased...Read More
Ethereum price is soaring high displaying acute strength while the rise in the Bitcoin price is providing a substantial base. Further, while the star crypto remains undisturbed to some extent, the second largest asset may get a chance to propel high. However, the upcoming weekend may turn out to be pivotal as the price is...Read More
On August 10, the Dutch Crime Agency (FIOD) announced the arrest of a 29-year-old developer of Tornado Cash, a cryptocurrency mixer built on the Ethereum network that was sanctioned earlier this month by the U.S. Treasury Department. The U.S. banned Tornado Cash because the platform had a large-scale currency laundering lending potential and helped anonymize...Read More
Ethereum (ETH) Price Analysis The Ethereum price is swinging within an ascending triangle ever since it flipped from the lows a month ago As the final testnet Goerli Testnet went live the ETH price sliced through the crucial resistance and consolidated just above these levels Currently, the price has formed a minute bullish flag which...Read More
The Merge will mark Ethereum’s transition to a proof-of-stake consensus algorithm and is arguably the most significant event in the cryptocurrency industry for 2022. As previously reported, the date for it was set for September 19th, but it appears that it might come sooner than expected. During a call, core developers such as Terence Tsao...Read More
MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC within, worth $3.5 billion, could be used to buy ETH instead. Yet despite what such a conversion could do to boost ETH’s price, Vitalik Buterin said it was a “terrible idea.” Removing Exposure to USDC...Read More
Just days after the US Office of Foreign Assets Control (OFAC) barred American citizens from transacting with Tornado Cash, dYdX has revealed blocking accounts that had previously engaged with the coin mixer. To comply with the new sanctions set by the OFAC, dYdX observed a significant increase in accounts flagged by one of its compliance...Read More
