The Merge update to Ethereum’s core protocol was a watershed point in the cryptocurrency’s history, marking a transition away from the inefficient proof-of-work (PoW) consensus mechanism in favor of the more energy-efficient proof-of-stake (PoS). Ethereum’s compliance with the strict criteria imposed by the Office of Foreign Assets Control (OFAC) has
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues to grapple with bearish pressure as it strives to regain lost ground. On September 21, 2023, ETH initiated a fresh downward trend, sliding below key support levels and reaching a weekly low beneath $1,580. While the digital asset has since attempted
Ethereum co-founder Vitalik Buterin’s September 2023 ETH transactions totaling over $3.9 million were discovered by blockchain analysts. The co-founder of Ethereum, has made a splashy move in the midst of a volatile situation in the crypto market by putting a large sum (approx. $630k) of Ethereum into Coinbase recently. Buterin’s
In the past few weeks, Ethereum (ETH), the second largest market capital-holding cryptocurrency, has encountered a challenging environment marked by bearish pressure, setbacks, and negative sentiments from industry luminaries. These factors have contributed to ETH’s decline; while it briefly reached $1666 in September, it could not sustain these gains for
In light of new allegations of extortion, former Ethereum adviser Steven Nerayoff has launched a new assault on Ethereum co-founder Vitalik Buterin. This comes after XRP attorney John Deaton made the shocking admission that he has seen some of the receipts Nerayoff has that demonstrate problems in the Ethereum ICO
Ethereum, the second-largest cryptocurrency has been on a rollercoaster ride over the past week. Starting with a recovery phase from its five-month low of $1,538 on September 12th, it managed to climb to $1,666 by September 18th. However, a subsequent three-day drop saw its value fall to $1,576. Despite the
To improve the openness and accessibility of smart contract audits for decentralized finance (DeFi) protocols, developers of Ethereum (ETH) have created a new standard called ERC-7512. This month, Richard Meissner, co-founder of Safe, presented a suggestion on the Ethereum Magicians forum that has generated a lot of debate among developers.
Whales, the influential players in the cryptocurrency market, are sending signals that could impact the current market trajectory. Crypto analytics firm Santiment has noted a significant trend– Whales are steadily reducing their holdings of stablecoins, which have hit a six-month low. This development is considered to have significant implications, as
Multiple asset management firms are pursuing Ethereum futures Exchange-Traded Funds (ETFs) following the successful approval of Bitcoin futures ETFs by the U.S. Securities and Exchange Commission (SEC). This move reflects a rising tide of optimism surrounding cryptocurrency-based investment vehicles. Grayscale Investments, a renowned investment firm specializing in cryptocurrencies, has resubmitted
The recent happening involving Ethereum, the second largest cryptocurrency, has caught the attention of cryptocurrency enthusiasts and market analysts alike. A staggering 33,000 ETH was transferred from an unidentified sender to the crypto exchange OKX. Whale Alert, a popular crypto whale tracker, flagged this transaction that took place on Tuesday
