While at press time Ethereum’s price was going parabolic, it would seem that Ethereum’s daily transaction volume has been going parabolic too, according to Messari’s Crypto charts. In fact, the world’s second-largest cryptocurrency is now settling over $12 billion in daily transactions. To put that figure into perspective, that is $3 billion more than Bitcoin....Read More
Ethereum was valued at $1,170 at the time of writing, with the world’s largest altcoin continuing to consolidate as it attempted to surge to a new ATH on the charts. However, Ethereum reserves on exchanges have been dropping. Based on data from Glassnode, in the past 2 days alone, reserves have dropped by over 10%....Read More
After crossing the $1,300-mark on the 10th of January 2021 to touch $1,339 on the price charts, Ethereum fell. However, while ETH has since recovered, the said recovery has been slower than anticipated, with the latest correction in Bitcoin’s prices possibly being a reason for the delay. In fact, Ethereum’s correlation with Bitcoin has always...Read More
There were significant positives for Ethereum in 2020, with the world’s largest altcoin stepping into 2021 on the right foot. Between the 1st and 3rd of January, the cryptocurrency’s value hiked from $725 to $990, with the following day seeing ETH touch a high of $1169 too. CoinMetrics’ recent report illustrated Ethereum’s maturity in the...Read More
Ethereum 2.0 has been touted as a transition to a better consensus mechanism, and this particular ‘transition’ has been under research for the better half of the past year. The development process was initiated in 2018 and it took a while to reach Phase 0. Over the past 18-20 months, the Ethereum Foundation dealt with...Read More
Bitcoin’s dominance is one of the biggest drivers behind its institutional interest and mainstream adoption. However, in anticipation of an altcoin rally, it was observed that Ethereum and XRP’s dominance rose 1.1% and 2.6% respectively, based on data from CoinGecko’s report. Against Bitcoin’s gradual price rally, Ethereum’s price increased by over 50% in November and...Read More
Ethereum has taken its first step towards Proof of Stake [PoS] today, with the Beacon Chain going live. The excitement was visible all across Twitter as people celebrated the new beginning for ETH. Adding to this celebration, Binance, one of the largest cryptocurrency exchanges, launched ETH 2.0 Staking service from 2 December. The announcement noted:...Read More
Ethereum is finally going to kickstart its journey towards ETH 2.0 today, with the Beacon chain going live. This was possible only after the ETH holders stakes over 867,000 ETH, more than the required 524,288 in order to set this in motion. As Ethereum sets on the transition path, users will only have to wait...Read More
Today marks the long-awaited genesis of Phase 0 in the Ethereum 2.0 upgrade roadmap which stretches ahead for the next couple of years. According to the Beacon Chain countdown, there is now less than seven hours to go before the genesis event spawns the first block on the new chain. The Beacon Chain explorer reports...Read More
Ethereum is currently retracting sharply from its previous and 30-month peak of $620. Even with a decline of around $100 to today’s prices of $525, ETH is still up over 300% since the beginning of the year. The confirmed genesis of the long-awaited Beacon Chain, which is Phase 0 of the even longer awaited Serenity...Read More
The much-anticipated upgrade of Ethereum from version 1 to version 2.0 will finally happen on December 1. This confirmation comes after the deposit contract fulfilled its ETH staking objective. ETH prices responded to the development by blasting past the $600 level. Ethereum 2.0 Deposit Contract Fulfils Staking Objective The Ethereum 2.0 deposit contract has met...Read More
Speaking on a Reddit Ask Me Anything (AMA) session on November 17, Vitalik Buterin and a number of Ethereum Foundation members commented on the future of the network and the highly anticipated launch of ETH 2.0. More Delays Likely When questioned about a complete timeline for sharding and the consensus migration, Buterin explained that scaling...Read More
Ethereum bulls are busy pumping the network’s native cryptocurrency ETH as if there’s no tomorrow. So much so that the asset almost tested the $500 resistance today. But what’s even more interesting is the gradual progress on the staking front for Ethereum 2.0’s launch. Depositors have already staked more than 100,000 ETH in the ETH2...Read More
With just over 50,000 ETH staked in six days since the launch of the official deposit contract, the uptake has been relatively slow, limited to the hardcore Ethereum aficionados, including Vitalik himself who dropped 3200 ETH, and a handful of whales. The amount staked so far represents 9.6% of the total, so there is still...Read More
Ethereum is one of the best performing crypto assets of the day, albeit behind its big brother. ETH prices got their initial boost on November 4 when the deposit contract was officially deployed. The asset rose 5% on the back of that to reach $405. Bitcoin is a bigger driver of momentum for ETH prices...Read More
Ethereum 2.0 is finally undertaking fundamental strides in the developmental direction. Through months of anticipation, delayed launches, online spats with other proponents (i.e BTC maximalists), deposit contract for ETH 2.0 was finally deployed by the community. The immediate effect of the announcement was emphatic. Reports suggested that $1 million worth of ETH was locked in...Read More
Blockchain adoption has just achieved a major milestone. The Associated Press has chosen the Ethereum blockchain to publish calls for the latest US Presidential election. The nearly 200-year-old New York-based non-profit news agency has been counting votes since its inception in 1848 and will do the same this year too by collecting, verifying votes, and...Read More
Ethereum’s creator officially announced the release of the Ethereum 2.0 deposit contract a couple of hours ago. ETHUSD markets responded with a large green candle that has pushed the network’s native cryptocurrency past the $400 mark. The question is, will this latest update help ETH outperform bitcoin once again? Ethereum 2.0 Deposit Contract Officially Released...Read More
The growth of Ethereum has been experiencing a slow down compared to its journey in the first half of the year. As the crypto market deals with a much volatile period right now, ETH’s value has trended lower since the end of October and was currently at $382.10. However, the Ethereum community was met with...Read More
The latest blog post from ConsenSys developer Ben Edgington suggests that things are getting very close to the highly anticipated launch of Phase 0 of Ethereum 2.0. The first part of this milestone event is the deployment of the deposit contract which has already been slightly delayed as developers wanted to wait for an audit...Read More
“Ethereum 2.0 phase 0 to be launched at the end of 2019. . . .January 2020. . . .July 2020. . .September 2020. . .November 2020?” The digital asset class has created a very unique community over the years. While a person would rarely hear another one promoting investments in Gold, Silver, or whatnot, proponents...Read More
The primary catalyst could be just around the corner, however, as ETH 2.0 genesis inches ever closer. Since the beginning of this year, Ethereum prices have gained 170% from below $140 on New Year’s Day to current levels of around $380. There is no doubt that the primary driver of demand has been the DeFi...Read More
A release candidate has been published for Phase 0, though Medalla still needs more participation. ETH 2.0 developer Ben Edgington recently posted an update to highlight the latest news from Beacon Chain testing and development. The primary update was the publishing of version 1.0.0 release candidate 0 for Beacon Chain which contains a number of...Read More
Ethereum investors prefer to HODL their assets, according to recent data. About 60% of all ETH tokens haven’t moved in at least one year. The question remains how and if this trend will change in the following months after the launch of the long-anticipated Ethereum 2.0, enabling investors to stake their ETH holdings. ETH Investors...Read More
A currently running ETH 2.0 testnet called Zinken, which was launched on Monday, Oct. 12, has been ‘performing perfectly’ according to one of the developers and participants. Zinken is a shortened testnet, just like the one before it called Spadina, which is aimed at giving client teams a chance to iron out issues in their...Read More
In what is big news for the community, Curve and Matter Labs have announced that they have taken the next big step towards scaling Ethereum – a zkSync L2 smart contracts testnet with Curve Finance as the first resident DApp. Ethereum’s L2 is on 🔥! @the_matter_labs and @CurveFinance teams are excited to unveil the first...Read More
The DeFi markets have had a rough few days over the past week. The majority of the cryptocurrencies centered in the space are trading well in the red. At the same time, the total value locked (TVL) in DeFi protocols has been on the decline over the past two days as well. According to DeFi...Read More
Ethereum 2.0, or the lack thereof thus far, has been making the news of late. For people actively following its progress, the ETH Online Kickoff Summit, which saw the likes of Vitalik Buterin and Danny Ryan discussing the development shed some light on the path to scaling ETH 2.0. Source: ETH Online Kickoff Summit A...Read More
Support for Ethereum 2.0 is growing rapidly. In a significant milestone, Eth2’s Medalla test net has expanded to more than 75GB in size. Along with this, the number of staked test ETH on the test net has crossed well above 2 million. Ethereum 2.0 Testnet Size Tops 75 GB As per the latest reports, two...Read More
Ethereum fees are recovering from the devastation caused by the DeFi. After reaching record highs during September 2020, the network seems to have achieved a calm moment during October’s first days. Currently, the average transaction fee is slightly above $2, according to Bitinfocharts. This milestone represents a drop of more than 80% from the peak...Read More
