Whales are unloading their ETH reserves because of the anticipated deflationary trend. The expiration of $2 billion in options on September 30 is also a big concern. The EIP-1559 burning mechanism will cause a deflationary trend in the price of Ethereum (ETH) following the Merge. However, ETH continues to fall
The long-awaited Ethereum merging, scheduled for around September 15. Ethereum makes the switch to the proof-of-stake consensus process. The Ethereum Merge and Cardano’s Vasil hard fork are both approaching quickly. Cardano is an open-source, peer-reviewed blockchain platform designed to address global identity management issues by using smart contracts and NFTs.
The Smart Contracts have given rise to NFTs and DeFi , Cuban stated. Mark Cuban has stated that he is a big fan of the Ethereum Merge. American billionaire and entrepreneur Mark Cuban has long been outspoken on topics relating to cryptocurrencies, and he has described himself as a supporter
Coinbase clarified that cbETH’s pricing is not intended to mirror Ethereum’s. Trading of the cbETH-USD pair will start in stages as per the exchange. Coinbase, a renowned cryptocurrency exchange, announced on Wednesday the debut of cbETH, its new wrapped and staked Ethereum ERC-20 token, just in time for the Ethereum
About $820,000 worth of ether and other cryptocurrencies were taken in the incident. The platform’s website and Twitter page vanished soon after the heist. Many users on Crypto Twitter expressed concern that SudoRare was a fraud, and now the exchange’s developers have apparently pulled the plug. About $820,000 worth of
Relationship between the Asian equity market and cryptos has increased, as per IMF. IMF suggests regulatory frameworks to protect the investors. According to a recent blog post from the International Monetary Fund (IMF), the interconnection between the Asian equity market and cryptocurrencies has nearly tenfold increased since the Covid-19 pandemic.
The three-month decline in network difficulty ended in August. Bitcoin’s average transaction costs dropped to $0.825 on Monday. For the first time in more than two years, Bitcoin (BTC) blockchain transaction fees have dropped below $1.00, further bolstering its use case as a viable mainstream financial system. Having to pay
The Ethereum community is publishing a quick application to maintain an advanced security for its Smart contract. So the team connects with ImmuneBytes, one of the leading security consulting companies to upgrade the standards providing credible security auditing solutions! Over recent years, Ethereum network is observing a wide range of
A tragic storm of wild crashes, insolvency crises, scams, lawsuits, and regulatory threats has had a baneful effect on the entire crypto and DeFi space since early 2022. These events shook the crypto community with terror. Sadly, there is no reset button or a forgetfulness potion to wipe those off
Following the Merge, there will be no discernible increase in transaction speed. The Merge will render energy-intensive mining obsolete. In a statement published on Wednesday, the Ethereum Foundation made it clear that the planned proof-of-stake transitional update to the network, known as the “Merge,” would not result in lower gas
