Ethereum’s transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) has proven to be a resounding success, with a Cambridge Alt Fin study showing a 99.9% reduction in energy consumption. This milestone has garnered attention from industry leaders. Including Binance’s CEO, who has praised Ethereum’s efforts to create a more sustainable future
Since “Ethereum’s Shanghai upgrade,” the two largest centralized cryptocurrency exchanges, Binance and Coinbase, have seen significant outflows of staked Ether (ETH) as investors turn to decentralized competitors. According to Dune Analytics data, the world’s largest cryptocurrency exchange, Binance’s staking service, has seen a net outflow of $340 million. In addition,
Zeebu has launched the world’s first loyalty utility token designed specifically for the Telecom Carrier Industry. Global connection is made possible by the collaboration of telecom carriers and major telecom operators. By introducing a blockchain-based settlement platform to the telecom carrier market, Zeebu is establishing itself as a leader in the industry. Thanks to
The largest cryptocurrency exchange by daily trading volume, Binance, recently received Ethereum (ETH) tokens worth over $505 million from an unknown wallet. This transaction was recorded as one of the “largest transfers in five years” from self-custody to a crypto exchange. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨
In its most recent performance report, Ethereum’s Layer-2 based scaling protocol Arbitrum (ARB) demonstrated its superiority over the latter network in terms of the total number of transactions executed. 3/5 Ecosystem Milestones: Yesterday both Arbitrum One (1.26m) and Arbitrum Nova (1.18m) processed more transactions than Ethereum (939k). We’re witnessing Ethereum’s
Users of Ethereum have long had to deal with high gas prices because of the network’s popularity, which causes fees to increase during busy periods. Users of the Polygon network may have discovered some relief in April, though. Data shows that compared to Ethereum Mainnet, Polygon’s daily average gas rates
In recent times, Ethereum has undergone a series of significant upgrades. These include transitioning from the proof-of-work to the proof-of-stake consensus, as well as the recent Shapella upgrade, which resulted in several alterations to the network. Following the Shapella upgrade, one of the most notable changes to the network is
In the last several weeks, significant progress has been made on Polkadot, a network protocol that enables a multi-chain application environment. A similar pattern was seen in February of 2023, as previously reported. However, the $DOT cryptocurrency, like the rest of the crypto market, is affected by the general dynamics
Circle, the issuer of the USD Coin, has launched the Cross-Chain Transfer Protocol (CCTP) on the mainnet for Ethereum and Avax, according to an announcement on April 26. The new protocol allows users to transfer USDC between Ethereum (ETH) and Avalanche (AVAX). 1/ Today marks a new milestone! Cross-Chain Transfer
The crypto market has witnessed lots of ups and downs in recent days. The U.S. Securities and Exchange Commission chairman, Gary Gensler, refused to answer the questions about whether Ethereum (ETH) should be considered a security or not. This leaves the crypto industry in an uncertain position about the future
