📈Ethereum hash rate sets all-time high as price surges
Ethereum's hash rate — or the blockchain network's computing power used to mine ether (ETH) — continues to rise and now has hit a new all-time high.
Several factors appear to have contributed to the hash rate increase, including continuous growth in the DeFi and NFT space and the recent ETH price rally.
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#ETH
Ethereum's hash rate — or the blockchain network's computing power used to mine ether (ETH) — continues to rise and now has hit a new all-time high.
Several factors appear to have contributed to the hash rate increase, including continuous growth in the DeFi and NFT space and the recent ETH price rally.
👉READ MORE!
#ETH
📌Binance Lists Ethereum Name Service: Here's All You Need To Know About It
🔈Binance recently announced the listing of the Ethereum Name Service (ENS) that will open trading of ENS against BTC/BNB/BUSD/USDT pairs at 7 a.m. UTC.
Deposits for users who are willing to prepare for trading are already open. Withdrawals of the token will be opened one day after listing.
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#ETH
🔈Binance recently announced the listing of the Ethereum Name Service (ENS) that will open trading of ENS against BTC/BNB/BUSD/USDT pairs at 7 a.m. UTC.
Deposits for users who are willing to prepare for trading are already open. Withdrawals of the token will be opened one day after listing.
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#ETH
📈Ethereum Flips Bitcoin In Trading Volume Second Quarter Straight, Coinbase Earnings Report
Coinbase Inc. has released its earnings report for Q3, 2021, in which it has disclosed the trading volumes of various trading pairs, including Bitcoin and Ethereum.
🔈According to the report, Ethereum once again overtook Bitcoin's first place in trading volume for the second quarter straight.
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#ETH
Coinbase Inc. has released its earnings report for Q3, 2021, in which it has disclosed the trading volumes of various trading pairs, including Bitcoin and Ethereum.
🔈According to the report, Ethereum once again overtook Bitcoin's first place in trading volume for the second quarter straight.
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#ETH
🤔Ethereum: Identifying the problem despite rollups cutting fees by >90%
Rollups are a layer 2 solution to reduce congestion on the Ethereum mainnet by handling transactions externally. A recent report by Arcane Research analyzed how much of a difference this has made to the blockchain’s ecosystem.
The report found that rollups like Arbitrum One and Optimism have reduced fees by 90% or more. For example, if transferring ETH costs $18.11 and swapping tokens costs $90.55, Optimism cost less than $0.01 for both these activities.
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#ETH
Rollups are a layer 2 solution to reduce congestion on the Ethereum mainnet by handling transactions externally. A recent report by Arcane Research analyzed how much of a difference this has made to the blockchain’s ecosystem.
The report found that rollups like Arbitrum One and Optimism have reduced fees by 90% or more. For example, if transferring ETH costs $18.11 and swapping tokens costs $90.55, Optimism cost less than $0.01 for both these activities.
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#ETH
📊Ethereum 'huge Cup & Handle pattern' reaffirms $6.5K ETH price target
Ethereum's native asset Ether (ETH) may rebound by nearly 60% in the coming sessions as the bulls pin hopes on a classic bullish continuation pattern.
Prices may rise to or above $6,500 from their current levels near $4,100 after completing a "cup and handle" formation, hinted Matthew Hyland, an independent on-chain analyst, in a tweet published Monday.
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#ETH
Ethereum's native asset Ether (ETH) may rebound by nearly 60% in the coming sessions as the bulls pin hopes on a classic bullish continuation pattern.
Prices may rise to or above $6,500 from their current levels near $4,100 after completing a "cup and handle" formation, hinted Matthew Hyland, an independent on-chain analyst, in a tweet published Monday.
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#ETH
🔥EIP-1559 Has Now Burned More ETH Than Ethereum Miners Hold
Ethereum continues to face consecutive weeks of deflationary issuance since the London hard fork which saw the EIP-1559 improvement proposal launch on the Ethereum network in early August.
So far, circa 961,920 ETH (Approximately $4.1 Billion) has been permanently destroyed in under 4 months, compared to 243,690 ETH, which is the current miner balance.
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#ETH
Ethereum continues to face consecutive weeks of deflationary issuance since the London hard fork which saw the EIP-1559 improvement proposal launch on the Ethereum network in early August.
So far, circa 961,920 ETH (Approximately $4.1 Billion) has been permanently destroyed in under 4 months, compared to 243,690 ETH, which is the current miner balance.
👉Read more!
#ETH
📌Ethereum Layer-2 Total Value Locked Reaches ATH of Over $6 Billion
The TLV has reached a new all-time high, more than doubling in just two months. Its surge follows a massive increase in gas fees on the Ethereum network.
The total value locked in Ethereum Layer-2 networks has surged to a peak of $6.13 billion, meaning it has surged by 13.26% in the last seven days. This comes as gas prices in the Ethereum network continue to increase and DeFi experiences rapid adoption.
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#ETH
The TLV has reached a new all-time high, more than doubling in just two months. Its surge follows a massive increase in gas fees on the Ethereum network.
The total value locked in Ethereum Layer-2 networks has surged to a peak of $6.13 billion, meaning it has surged by 13.26% in the last seven days. This comes as gas prices in the Ethereum network continue to increase and DeFi experiences rapid adoption.
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#ETH
👤Buterin unveils plans to reduce soaring gas charges
Ethereum (ETH) co-founder Vitalik Buterin has introduced a new plan to temporarily combat the soaring gas charges besetting the Ethereum network.
Ansgar Dietrichs, a software developer for Ethereum, and Buterin have introduced a proposal called EIP-4488, which is a short-term measure to reduce gas charges
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#ETH #People
Ethereum (ETH) co-founder Vitalik Buterin has introduced a new plan to temporarily combat the soaring gas charges besetting the Ethereum network.
Ansgar Dietrichs, a software developer for Ethereum, and Buterin have introduced a proposal called EIP-4488, which is a short-term measure to reduce gas charges
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#ETH #People
How Ethereum block times will change after the Merge🤔
If feedback from frustrated users and developers wasn’t enough, ConstitutionDAO’s high-profile endeavor to crowdfund donations for an auction revealed the scale of Ethereum’s gas fees.
Now, with the Ethereum ecosystem preparing for The Merge, developer Tim Beiko has published a post explaining how the long-awaited transition would affect the platform.
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#ETH
If feedback from frustrated users and developers wasn’t enough, ConstitutionDAO’s high-profile endeavor to crowdfund donations for an auction revealed the scale of Ethereum’s gas fees.
Now, with the Ethereum ecosystem preparing for The Merge, developer Tim Beiko has published a post explaining how the long-awaited transition would affect the platform.
👉READ MORE!
#ETH
🐶SHIB Accumulation Continues as Ethereum Whale Loads Up 99 Billion Shiba Inu Tokens
Data from crypto whale tracker WhaleStats indicates that Ethereum whale ''Jiraiya" has just loaded up on 99 billion Shiba Inu tokens worth $3,560,960.
Shiba Inu accumulation by whales continues amid the flat action seen of late in SHIB price.
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#SHIB #ETH
Data from crypto whale tracker WhaleStats indicates that Ethereum whale ''Jiraiya" has just loaded up on 99 billion Shiba Inu tokens worth $3,560,960.
Shiba Inu accumulation by whales continues amid the flat action seen of late in SHIB price.
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#SHIB #ETH
What is the best crypto to invest in 2022?🤔
#BTC, #ETH, #ADA, #BNB, #SOL, #XRP, #DOT, #TERRA, #AVAX, #SHIB, #MANA, #EOS, #NEAR OR #VET?
What do you think? Welcome to write your opinion in the comments👇😃
CoinJoy summarize promising coins HERE!
#BTC, #ETH, #ADA, #BNB, #SOL, #XRP, #DOT, #TERRA, #AVAX, #SHIB, #MANA, #EOS, #NEAR OR #VET?
What do you think? Welcome to write your opinion in the comments👇😃
CoinJoy summarize promising coins HERE!
CoinJoy
Top 15 Coins to Explode in 2022: Best Crypto to Invest in
What is the best crypto to invest in 2022? In this article, you will find a list of the 15 hottest coins on the market that are best to invest in next year.
Ether Call Demand Signals Anticipation of Year-End Rally📈
Notably bullish flows hit ether’s options market early Monday, indicating budding hope for a recovery rally ahead of the year-end.
Institution-focused over-the-counter desk Paradigm saw 18,500 contracts of the $4,400 call option and 14,000 contracts of the $4,200 call option change hands during Asian hours. These trades due for expiry on Dec. 31 were executed on Paradigm and booked on Deribit, the leading exchange for cryptocurrency options by volume and open interest.
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#ETH
Notably bullish flows hit ether’s options market early Monday, indicating budding hope for a recovery rally ahead of the year-end.
Institution-focused over-the-counter desk Paradigm saw 18,500 contracts of the $4,400 call option and 14,000 contracts of the $4,200 call option change hands during Asian hours. These trades due for expiry on Dec. 31 were executed on Paradigm and booked on Deribit, the leading exchange for cryptocurrency options by volume and open interest.
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#ETH
🔈Ethereum Foundation announces the launch of the Kintsugi testnet
Ethereum Foundation’s Tim Beiko officially announced the launch of the Kintsugi testnet, a mechanism that will facilitate users to stake on the Ethereum network.
Over the past few months, client teams have been working tirelessly to implement a new set of merge milestones.
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#ETH
Ethereum Foundation’s Tim Beiko officially announced the launch of the Kintsugi testnet, a mechanism that will facilitate users to stake on the Ethereum network.
Over the past few months, client teams have been working tirelessly to implement a new set of merge milestones.
👉READ MORE!
#ETH
📌Ethereum’s Arbitrum Network suffers a temporary outage
The layer two network of Ethereum known as Arbitrum suffered a seven-hour temporary outage following a hardware failure.
The network’s sequencer failure hindered the processing of transactions for the said duration, which was later fixed by the network administrators.
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#ETH
The layer two network of Ethereum known as Arbitrum suffered a seven-hour temporary outage following a hardware failure.
The network’s sequencer failure hindered the processing of transactions for the said duration, which was later fixed by the network administrators.
👉READ MORE!
#ETH
Ethereum co-founder introduces new sharding solution ‘EIP- 4844’✅
👤Vitalik Buterin, a co-founder of the popular Ethereum blockchain, has introduced a new Ethereum Improvement Proposal that aims to reduce Ethereum’s network fees by up to 100 times in the future.
The new solution called EIP- 4844 or Proto-Danksharding is a new type of sharding process that focuses on blob-bearing transactions that cannot be performed by the EVM. If implemented, Proto-danksharding will replace danksharding, a process that turns Ethereum into a unified settlement and data availability layer.
#ETH
👤Vitalik Buterin, a co-founder of the popular Ethereum blockchain, has introduced a new Ethereum Improvement Proposal that aims to reduce Ethereum’s network fees by up to 100 times in the future.
The new solution called EIP- 4844 or Proto-Danksharding is a new type of sharding process that focuses on blob-bearing transactions that cannot be performed by the EVM. If implemented, Proto-danksharding will replace danksharding, a process that turns Ethereum into a unified settlement and data availability layer.
#ETH
BitMEX Users Can Now Buy and Convert Ethereum☑️
Formerly known as a Bitcoin-only derivatives exchange, BitMEX has abandoned its plans as it adds support for new assets, with the latest being Ethereum’s native token – Ether. The announcement from March 21 informed that users will be able to deposit, withdraw, buy, and convert ETH effective immediately.
The exchange promised that users will be able to convert USDT to the second-largest crypto “without paying any hidden fees. You won’t have to worry about slippage, as all crypto converter transactions on BitMEX occur instantly, and at the conversion price shown.”
#ETH #BitMEX
Formerly known as a Bitcoin-only derivatives exchange, BitMEX has abandoned its plans as it adds support for new assets, with the latest being Ethereum’s native token – Ether. The announcement from March 21 informed that users will be able to deposit, withdraw, buy, and convert ETH effective immediately.
The exchange promised that users will be able to convert USDT to the second-largest crypto “without paying any hidden fees. You won’t have to worry about slippage, as all crypto converter transactions on BitMEX occur instantly, and at the conversion price shown.”
#ETH #BitMEX
Ethereum (ETH) Bounces Above $3000 Once Again Outperforming Bitcoin on Weekly Chart📊
The world’s second-largest cryptocurrency Ethereum (ETH) is once again showing strength over its biggest competitor Bitcoin.
The ETH price has surged 6% as of press time crossing the crucial resistance of $3,000 levels.
#ETH
The world’s second-largest cryptocurrency Ethereum (ETH) is once again showing strength over its biggest competitor Bitcoin.
The ETH price has surged 6% as of press time crossing the crucial resistance of $3,000 levels.
#ETH
Ethereum 2.0 Upgrade Will No Longer Launch in June, Project Lead Developer Says😑
Tim Beiko, the Ethereum Merge lead developer, has recently dashed enthusiasts’ hopes of seeing the network’s transition from a Proof-of-Work (PoW) algorithm to a Proof-of-Stake model anytime soon.
According to Beiko, the much-anticipated Ethereum merger of the PoW and the PoS algorithm will not be taking place in June 2022 as expected.
#ETH
Tim Beiko, the Ethereum Merge lead developer, has recently dashed enthusiasts’ hopes of seeing the network’s transition from a Proof-of-Work (PoW) algorithm to a Proof-of-Stake model anytime soon.
According to Beiko, the much-anticipated Ethereum merger of the PoW and the PoS algorithm will not be taking place in June 2022 as expected.
#ETH