Ethereum News

$5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% At…

The Ethereum Classic (ETC) blockchain network lost $5.6 million to one miner following a 51% attack initially thought to be a chain split.

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Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% La…

Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights.

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Single Miner Reorgs Ethereum Classic - Devs Report a Chain Split

Members of the Ethereum Classic team reported that the network suffered a reorganization (reorg) today.

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Ethereum Price Creates GPU Shortage, Some Manufacturers Blame Nvidia

During the last four weeks, cryptocurrency markets have gathered significant value, and the crypto asset ethereum gained over 40% during the last 30-days. The price of ether moving northbound has caused a strain on the graphics processing unit (GPU) market, as ETH miners have become scarce.

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Ethereum and EOSIO Square Up Over Enterprise Blockchain Business in…

There may be an enterprise blockchain arms race brewing in Latin America. LatamLink, an alliance of three organizations involved in the launch of the EOS public blockchain in 2018, is now busy integrating the EOSIO software for enterprise uses.

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Skeptics Concerned Plustoken Scammers Plan to Dump $187M Worth of E…

Crypto market skeptics and speculators are concerned about 789,000 ETH that started moving four days ago last Wednesday. The transaction was recorded by Whale Alert, and the $187 million worth of ether stems from the Plustoken scammers.

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Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall

Ethermine will now proceed to distribute its $2.6 million bonanza from a series of bizarre ethereum transactions last week after the fund’s owner failed to make a valid claim.

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Ethereum's $5.2 Million Fee Scandal Explained: Exchange Held to Ran…

Hackers are holding an unnamed crypto exchange to ransom after an alleged cyber-attack forced the Ethereum blockchain to facilitate two separate transactions at a cost of $5.2 million in fees, new information suggests.

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Nightmare Come True: User Pays $2.6 Million in Transaction Fees to…

A record ethereum transaction fee has been paid today: $2.6 million to transfer $134. The user probably mixed up the fields on the value of the transfer and the fee, eventually paying 10,668 ETH in fees, or $2.6 million, on a transaction mined by Sparkpool.

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Crypto Derivatives Exchange OKEx Launches Options on Ether

Malta-based cryptocurrency exchange OKEx rolled out option contracts on Ethereum’s ether (ETH) token on Thursday, ending the Panama-based Deribit’s virtual monopoly in the space.

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Despite Trust Model Debates, Ethereum Is Bitcoin's Largest Sidechai…

The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M).

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Many Ether Whales Might Be Leaving for Bitcoin: Data

While ether’s (ETH) price has risen by nearly 50% this year, the number of addresses holding large amounts of the currency, popularly known as whales, has declined significantly. 

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Schlesi Testnet Is Latest Step in Long Road Toward Eth 2.0

Another Eth 2.0 testnet, Schlesi, is live in what amounts to one more step in the trek toward the Proof-of-Stake (PoS) Eth 2.0, the next iteration of the Ethereum blockchain.

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Ether Futures Activity Grows Ahead of July Protocol Upgrade

BitMEX announced an ether quarterly futures product Friday, which it described as “the only one of its kind available in the market.” Settled in bitcoin, the contract trades the ether-dollar pair, and expiry is in June. This coincides with the scheduled ETH 2.0 launch in July, which Ethereum researchers are confident will happen, as CoinDesk previously reported.

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Thursday’s Market Madness Strained Ethereum’s Killer App: DeFi

So many people were trying to use the Ethereum blockchain during Thursday’s market meltdown that many applications simply stopped working as intended. 

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NBA Player Spencer Dinwiddie Taps Broker-Dealer in Push to Tokenize…

An initiative by National Basketball Association (NBA) player Spencer Dinwiddie to tokenize the value of professional athletes' contracts has engaged a specialist investment bank to manage an upcoming offering.

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Mind the Gap: Why ETH Price and DeFi Adoption Aren’t in Sync

In his 1991 book, "Crossing the Chasm," management consultant Geoffrey Moore defined a crucial gap between the early adopters of a new technology and the larger populations of users that come later. Decentralized finance (DeFi) may now be approaching a gap of its own. 

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SEC ‘Safe Harbor’ Proposal Lauded by Token Fans, DeFi Builders at 0…

The token industry is applauding SEC Commissioner Hester Peirce’s “Safe Harbor” proposal, calling it a mature response to the 2017 ICO bubble.

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China’s Coronavirus Whistleblower Is Now Memorialized on Ethereum

Someone has just created a smart contract on ethereum with source codes in the shape of a monument in memorial of Dr. Li Wenliang, the whistleblower of China's coronavirus outbreak, who died of the disease.

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Ethereum’s Value Transfer Is Now Dominated by Stablecoins

The Ethereum (ETH) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the ETH chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is now largely made up of stablecoins like tether, pax, and dai.

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Stablecoins ‘Flip’ Ethereum’s Native Currency in Transfer Value

A greater share of value is being transferred via stablecoins over the ethereum network than its own native cryptocurrency ether (ETH), according to research conducted by crypto data aggregate Messari.

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Harmony Kicks Off Migration From Ethereum and Binance Chains to Its…

Holders of the ONE token from the team at Harmony should make plans to swap their ERC-20 (ethereum) or BEP-2 (binance chain) tokens for the coin on Harmony's blockchain if they want to be able to participate in staking and other network activities. 

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Grayscale to Fund Ethereum Classic Developers for 2 More Years

Grayscale Investments has committed to financially supporting development of the ethereum classic (ETC) cryptocurrency for another two years.

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Enterprise Ethereum Alliance Launches Testing Ground for Blockchain…

The Enterprise Ethereum Alliance (EEA), the standards group where finance and other industries explore private versions of ethereum technology, has launched a testing ground to bring about certified, branded and harmonized business uses by the end of 2020.

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Ethereum, Tron and EOS Control 98% of All Dapp Volume

2019 was a good year for dapps and a particularly good one for Tron and Ethereum. That’s the upshot of Dapp Review’s new report into crypto-powered decentralized applications. The sprawling research document inspects the major dapp networks in forensic detail and provides key takeaways.

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Ethereum Developer Virgil Griffith to Be Released on Bail to Parents

Virgil Griffith is slated to be released to his parents' home in Alabama pending some pre-release conditions, after a ruling by U.S. District Court Judge Vernon Broderick in New York Monday.

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$100M of Ethereum Tied to Plustoken Scam Sparks Wild Theories

During the last two weeks as cryptocurrency prices slid below long term foundational support, speculators assumed Plustoken scammers may be behind the dump. Blockchain intelligence firm Chainalysis published a report which claimed Plustoken coin sales might be dragging BTC prices down. Moreover, on December 19, Plustoken scammers moved 789,525 ETH ($101 million) from one address to another.

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Ethereum’s Istanbul Hard Fork Is Now Live

Ethereum has successfully completed the Istanbul hard fork. Hitting at block number 9,069,000, the systemwide upgrade is the network’s third in 2019, following February’s St. Petersburg and Constantinople hard forks. The months-long process culminated at 0:25 UTC on Sunday.

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China’s Internet Firewall Has Blocked Access to Ethereum Block Expl…

China's Great Firewall, used by the government to regulate access to foreign internet sites, has blocked one of the most popular sources of ethereum blockchain data.

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Ethereum Scaling Fix Cuts Time to Create a Block in Half, Test Finds

BloXroute Labs, a scalability-focused blockchain startup, was successfully able to reduce block propagation time on the Ethereum mainnet in half, according to a third-party tester.

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