The hype and increased interest toward decentralized finance (DeFi) fueled Ethereum’s growth as well as its transaction fees so much that the network has finally surpassed Bitcoin’s total transaction fees. Data from Coinmetrics suggests Ethereum’s cumulative transaction fees in 2020 stands at $350 million compared to Bitcoin’s $157 million. According Read more…
Ethereum lost more than 10% of its value within the last 12 hours dropping from a $42 billion market capitalization to a current low of $38 billion. Investors were unsure if Ethereum was forming a bear flag which formed its flag pole On September 1 and the upwards consolidation period started on Read more…
Ethereum was trading at $370.46 by 22:20 (02:20 GMT) on the Investing Index on Thursday, up 10.08% on the day. It was the largest one-day percentage gain since August 1. The move upwards pushed Ethereum’s market cap up to $41.31B, or 12.26% of the total cryptocurrency market cap. At its highest, Read more…
Ethereum price has seen quite a bit of volatility over the last month, and especially in the last two weeks. The coin saw a massive surge, followed by just as strong correction, that took it down by quite a bit. Right now, the coin seems ready to begin a recovery, Read more…
A cryptocurrency exchange in Slovakia is the latest platform to be victimized by hackers. This time, hackers made off with more than 5 million dollars according to early assessments by researchers at The Block. The victim, Eterbase, is a relatively small exchange with a trading volume of around $3 million Read more…
Ethereum was trading at $347.08 by 12:42 (16:42 GMT) on the Investing.com Index on Saturday, down 10.68% on the day. It was the largest one-day percentage loss since September 3. The move downwards pushed Ethereum’s market cap down to $39.87B, or 12.11% of the total cryptocurrency market cap. At its highest, Read more…
Ethereum’s growth in the year 2020 has been quite astounding. Not only has the decentralized finance platform built on top of it prospered, but the integration of prominent stablecoins like Tether [USDT] has contributed to the same too. While the onboarding of projects did attract a lot of interest from crypto-users, Read more…
A recent report released by Chainalysis revealed how U.S officials including the FBI, among other agencies, investigated the recent case of cryptocurrencies stolen by the Lazarus Group, a North Korea-affiliated hacker group. It was published soon after the U.S. Department of Justice forfeited 280 crypto-accounts involved in the laundering of approximately $28.7 million worth Read more…
The correlation between Ethereum and Bitcoin has dropped off, data from Skew shows. It could suggest that the market is maturing as it enters a new phase. Researchers at Skew said: “Short-term correlation between Bitcoin and ether is dropping further. Is this officially the end of a nearly three years long Read more…
The Ethereum Foundation has released its staking launchpad, which helps users set up their own validator node in preparations for ETH 2.0. By staking ETH, users will eventually be able to earn interest on their holdings and contribute to the security of the Ethereum network. Last Step Before Mainnet Ethereum’s new launchpad Read more…