Ethereum: Will ETH defeat bears despite the ongoing capitulation
As per the latest data released by Santiment, on 7 May, the Ethereum network experienced a 3.4 times rise in the number of transactions as compared to any other day. The tweet further went out to state that with the ongoing market capitulation, this is the first time in the last 3.5 years that the […]
S&P 500 Spike Triggers Ether To Surge Past $2,930
The crypto market has persisted in tracking the stock market closely. The trend has been recently noted in the market performance of Ethereum, the second-largest crypto by market cap. ETH climbs as S&P 500 records gains Per data from crypto market behavior analysis platform, Santiment, following a positive close in the S&P 500 index the The post S&P 500 Spike Triggers Ether To Surge Past $2,930 appeared first on CoinGape.
Just-In: Ethereum L2 Protocol Optimism Raises $150 Million In Series B
The Ethereum blockchain is preparing to become more scalable come ETH 2.0, and its Layer 2 solutions are growing stronger as well. Optimism, an Ethereum Layer 2 protocol, has just announced the closing of a Series B funding round. The network activity might be beneficial to Ether’s price in the long term. Ethereum Layer 2 The post Just-In: Ethereum L2 Protocol Optimism Raises $150 Million In Series B appeared first on CoinGape.
Crypto Allows Ukraine to ‘Operate Internationally,’ Official Says
Amid ongoing hostilities with advancing Russian forces, Ukraine has been increasingly relying on cryptocurrency donations to solve humanitarian problems and finance its defense efforts. Crypto helps the country to receive and quickly distribute money and operate internationally, a high-ranking government official has indicated. Ukraine Accepts, Spends Millions in Crypto, Deputy Minister Reveals Since the Russian […]
Ethereum Beacon Chain Surpasses 300K Validators, Over $28 Billion in Ether Deposits Locked
The Ethereum protocol has reached another milestone as the number of Ethereum 2.0 validators has surpassed 300,000. At the time of writing, the Ethereum 2.0 contract has over 9.6 million ether deposited worth more than $28.4 billion. Ethereum Beacon Chain Validators Jump Past the 300,000 Mark For quite some time now, Ethereum (ETH) network participants […]
Uniswap builds interface to swap altcoins into ETH donations for the Ukrainian people
"We built this interface so anyone who wants to donate but holds other ERC-20 tokens can do so with one click," said the Uniswap team. On Tuesday, decentralized exchange, or DEX, Uniswap launched an interface that directly converts ERC-20 tokens, such as Aave, Chainlink (LINK), and Decentraland, to Ether (ETH). These coins are then sent to the official crypto wallet addresses of the Ukrainian government, all in a single transaction. In explaining the rollout, Uniswap claimed
Ukraine Receives $17 Million In Crypto Donations So Far
Since Russia’s invasion, Ukraine has received over $17 million in cryptocurrency donations. The Ukrainian government transferred almost $10 million to cryptocurrency wallets in less than 24 hours after accepting Bitcoin, Ether, and Tether donations. On a weekday morning, the Ukrainian government began accepting cryptocurrency donations. “Stand with the people of Ukraine,” said Ukraine’s official Twitter The post Ukraine Receives $17 Million In Crypto Donations So Far appeared first on CoinGape.
Ethereum Network Fees Continue to Drop — Transfer Fees Hit Lowest Rate in 6 Months
It’s getting cheaper to send ethereum these days as the gas price to push a transaction is more than 80% less expensive than it was to transact with ether 48 days ago on January 10. On that day, Ethereum network fees were around $52 per transaction and today, the average transaction fee is $10.26 per […]
Terra's Mirror Protocol MIR rebounds 40% two days after crashing to record low
The massive move upside had MIR form a golden cross Mirror Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, was hit by one of the biggest collapses in financial history this week after Vladimir Putin ordered military strikes against Ukraine. Terra tokens rallyMirror Protocol's native token, MIR, dropped to $0.993 on Feb. 24, its worst level to date amid a selloff across the broader crypto market. But a sharp rebound ensued, taking the price to
EIP-1559 Upgrade Goes Live on Ethereum Testnet
Ropsten has successfully upgraded with the fee market reforming Ethereum Improvement Proposal (EIP) 1559, and is currently live. Live Burning of Ethereum Lead developer Tim Beiko tweeted earlier today that the first block, even though it took a while, was produced on the testnet. Following this, we can expect the Goerli testnet that is scheduledRead More
Bitcoin and Ether Market Update June 24, 2021
Total crypto market cap erased $14 billion from its value for the period since Monday and now stands at $1.34 trillion. The top ten coins showed mixed results for the last 24 hours with ether Dogecoin (DOGE) adding 8.3 percent to its value while ether (ETH) lost 3.2 percent. At the time of writing bitcoinRead More
StakeHound, Fireblocks in Hot Water After Losing Clients’ $75M in Ether (ETH)
StakeHound has filed a lawsuit against its cryptocurrency custodian Fireblocks at the Tel Aviv District Court, for allegedly losing the private keys to its $75 million worth of ether (ETH). StakeHound claims the digital currency was lost due to negligence on Fireblocks’ part, as the firm did not backup the private keys appropriately, according toRead More
Bitcoin slips below $30,000, the lowest in nearly five months
The price of bitcoin has dropped below $30,000 as the bearish sentiment in the crypto market continues. The post Bitcoin slips below $30,000, the lowest in nearly five months appeared first on The Block.
Three Ethereum Testnets Are Transitioning to the Highly Anticipated London Upgrade
According to a blog post on the Ethereum Foundation’s website, three Ethereum testnets leveraging the London hard fork will go live during the next few weeks. Ethereum core developer Tim Beiko explained last Friday that the “upgrade will first go live on Ropsten, at block 10499401, which is expected to happen around June 24, 2021.” […]
Ether (ETH) Dips Below $2k, Can Bulls Make a Comeback?
The price of Ether (ETH) plunged to below $2k. At the time of writing, the exact value of Ether was $1.95k, and the charts showed an almost 5% drop in prices in 24 hours. Ethereum’s Price Volatility On the 1st of January, the price of Ether was hovering at around $700. However, the prices haveRead More
Sotheby’s to accept crypto payments for rare diamond auction
The sale, hosted by Sotheby's Hong Kong, will go live on July 9. Buyers have the option of paying in ETH, BTC or traditional currency. The post Sotheby’s to accept crypto payments for rare diamond auction appeared first on The Block.
Bitcoin, Ether, Major Altcoins – Weekly Market Update June 21, 2021
The total crypto market cap erased $309 billion from its value for the last seven days and now stands at $1,305 billion. The top 10 coins were all in red for the same time period with all of them posting double-digit losses. Dogecoin (DOGE) and Polkadot (DOT) were the worst performers with 31 and 23 percentRead More
Goldman Sachs Leverages Crypto Management Firm Galaxy Digital to Swap Bitcoin Futures
Galaxy Digital’s co-president Damien Vanderwilt announced today that his firm has partnered with Goldman Sachs to help provide bitcoin futures products. The partnership marks one of the first occasions where an American multinational investment bank has partnered with a crypto asset service provider. Galaxy Serves as Goldman’s Counterparty for Bitcoin Futures Trading Goldman Sachs is […]
Texas crypto users will soon be able to buy and sell tokens at major supermarket chain
The state is already becoming known for attracting miners and attempting to pass pro-crypto legislation, with Governor Greg Abbott saying he was a "crypto law proposal supporter." Shoppers wanting to cash out their crypto holdings to buy groceries may soon be able to do so at many H-E-B supermarkets in Texas. According to a Friday report from the Houston Chronicle, crypto ATM firm Coin Cloud is preparing to install machines into 29 H-E-B locations in the Houston area. The ATM