For validating Ethereum transactions, Prysm is used by 41.5% of all node validators. Arbitrum is now the most popular rollup solution on Ethereum. On Wednesday, Offchain Labs, developer of Arbitrum announced that it has acquired Prysmatic Labs. The latter is one of the major software development teams responsible for maintaining,
Logan Paul, a well-known American YouTuber, made news last year after paying $623,000 for Azuki’s ‘Bumblebee’ NFT. The Azuki NFT collections are valuable assets since they include 10,000 hand-drawn avatars that are unique from other digital artworks. And the price has reduced as of 2022, and the Azuki NFT has
Following ETH Merge, miners responded by creating a rival fork dubbed EthereumPoW. ETHW started trading as an IOU token on exchanges before its network launched. The ETHW fork, which is a proof-of-work fork of Ethereum, has had a rocky start. According to CoinGecko, the price of the currency has dropped
A BNBHACKERINU token was produced by the hacker. The whole smart contract was built on a foundation of harmful code. There are still significant security concerns in the decentralized financial sector. The Ethereum network was the target of massive rug pull assaults only hours after the BNB Chain exploit. A
The leading and fastest-growing Singaporean fintech startup giving simple access to Decentralized Finance (DeFi), Cake DeFi, has released its newest feature, Ethereum (ETH) Staking, with the additional access to liquidity through a tradable token which can be traded on the open market. Staking may be unlocked in advance of the
Fidelity has been hard at work on their own cryptocurrency exchange, called EDX Markets. Mike Novogratz, CEO of Galaxy Digital first informed about the update. Registration paperwork submitted to the U.S. Securities and Exchange Commission (SEC) reveals that Fidelity has invested $5 million in a new Ethereum index fund. Moreover,
ETH is consolidating between $1,420 and $1,200, showing positive momentum. Despite the recent drop in ETH prices, the vast majority of holders are still profitable. The price of Ethereum has seen gains on Tuesday, suggesting a healthy return. In the last 24 hours, the price of Ethereum has taken an
The average block time for Ethereum has decreased by more than 13%. Ethereum blockchain transitioned away from the power-intensive proof-of-work. It has been discovered that the Ethereum Merge update, which aimed to shift the blockchain to a proof-of-stake (PoS) consensus mechanism, has improved the rate at which new Ethereum blocks
StakeWise, a proof-of-stake app, will collaborate with Deutsche Telekom’s MMS. Ethereum’s proof-of-work consensus method was replaced with a proof-of-stake model. German telecom giant Deutsche Telekom, T-Mobile’s parent firm, has committed to operating a validator to facilitate staking on the Ethereum network. The news was officially announced by the German telecoms
The court ordered the SEC to provide relevant Hinman records. Christy Romero insists that the CFTC still considers Ethereum to be a commodity. Even with the switch to proof-of-stake (PoS), Ethereum is still seen as a commodity, according to CFTC Commissioner Christy Romero. On Wednesday, Rostin Behnam, chairman of the
