Ethereum News

Ethereum Fees Drop 35% Since Last Week, Average ETH Gas Fee Still A…

According to statistics, Ethereum network transaction fees have dropped 35% from the transfer fees recorded seven days ago. At the time of writing, the average fee to transact with ethereum is 0.0099 ether or $30.85 to $33.04 per transfer.

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Vitalik Buterin Asks Twitter Followers Which Crypto They Prefer to…

Ethereum co-founder Vitalik Buterin set up a pair of polls on Twitter asking his followers if 80% of all transactions and savings in the year 2035 are in one currency and it is not ether, which currency they would prefer it to be. He asked them to choose from a number of cryptocurrencies including bitcoin, cardano, solana, tron, and Binance coin.

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Report: Ronin Sidechain Processed 560% More Total Transactions Than…

The blockchain-powered game Axie Infinity has been a very popular application during the last 12 months, as the game’s NFTs have outpaced every NFT collection today in terms of all-time sales. While Axie Infinity has seen $3.85 billion in all-time sales, Nansen researcher Martin Lee recently published a report on how Ronin, Axie Infinity’s sidechain, has seen exponential growth.

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Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billio…

With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether worth close to $5 billion has been burned.

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Ethereum Hashrate Taps Record-Setting 1 Petahash as ETH’s Mining Pr…

20 days ago, Ethereum’s network participants upgraded the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum’s “Ice Age” proof-of-stake (PoS) transition for another six months and this week, the network’s hashrate tapped all-time highs. For the first time, statistics within the six-month range indicate Ethereum’s hashrate surpassed 1 petahash per second (PH/s).

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Ethereum Co-Founder Vitalik Buterin Publishes 'Plausible Roadmap' A…

In recent times the Ethereum network has received a lot of criticism about the protocol’s data transfer fees and scalability. In a blog post called “Endgame,” published on December 6, the co-founder of Ethereum, Vitalik Buterin discussed plans to improve scaling, the upcoming proof-of-stake transition, and censorship resistance.

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Bitwise CIO Says $100K Bitcoin a Difficult Prediction to Make, Call…

While there’s been an awful lot of calls for bitcoin to reach six-digits in value in 2021, as the end of the year draws closer, it doesn’t seem like $100K per bitcoin will happen. Bitwise Asset Management’s chief investment officer Matt Hougan told the press on Monday that “$100,000 by the end of the year is a difficult prediction to make.”

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Ethereum Might Dethrone Bitcoin as Best Crypto Store of Value, Stud…

A recent paper authored by members of several universities, including Sydney and Macquarie, argues that recent changes in Ethereum monetary policy are making it a better store of value than bitcoin. The deflationary effect that the EIP-1559 proposal has caused in the issuance of the currency is said to be the main cause of this.

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Ethereum Market Cap Is Less Than 50% Away From Flipping Bitcoin — E…

The second-largest cryptocurrency in terms of market capitalization, ethereum, has come awfully close to reaching the digital asset’s all-time high ($4,878) it reached 21 days ago on November 10. While bitcoin dominance has slid below the 40% zone, ethereum’s market dominance, or $557 billion market valuation, represents close to 20% of the crypto economy.

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Ethereum Devs Assess Reducing Data Transfer Cost 5x, EIP-4488 Becom…

The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer.

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Central Bank's Targeting of P2P Crypto Transactions Forces Startup…

The Nigerian startup behind the social payment app for cryptocurrency and fiat, Kurepay, says the Central Bank of Nigeria (CBN)’s current crackdown on crypto entities has forced it to suspend operations in Nigeria.

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Third-Generation Blockchains Will Pick Up the Defi Slack Left by Et…

With the ETH 2.0 upgrade still months, if not years, from a full launch, third-generation blockchain protocols are quickly racing up to dethrone Ethereum as the “go-to” hub for dapps and defi.

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Ethereum Name Service to Pivot to DAO Governance, Airdrops ENS Toke…

The Ethereum Name Service (ENS), the entity that controls the decentralized domains built on top of Ethereum, announced it would pivot to a decentralized governance model, opening the door to the formation of a DAO (decentralized autonomous organization).

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Digital Asset Manager Bakkt Reveals Plans to Provide Ethereum Services

On November 5, Bakkt Holdings announced that the firm will soon let customers buy, sell, and store ethereum after offering bitcoin only since the company’s launch. The firm notes that adding ethereum comes at a time when digital currency interest and adoption continue to see significant growth.

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Crypto Network Hashrates Recover From Summer Slump — Ethereum's H…

On November 2, 2021, the Ethereum network’s global hashrate tapped an all-time high (ATH) at 873 terahash per second (TH/s) or close to 1 petahash. Alongside Ethereum’s ATH, a myriad of hashrates have returned back to the highs the network’s once held before the crypto mining crackdown in China.

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A New Academic Paper Describes 3 Attack Methods Against an Ethereum…

Following the Altair upgrade on the Ethereum network, the protocol’s native cryptocurrency reached a new all-time price high. Altair is the next step for the Ethereum’s network’s proof-of-stake (PoS) transition.

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Ethereum Captures New All-Time Price High — ETH Market Cap Surpasse…

Nine days ago, bitcoin reached a new all-time high (ATH) and now the second leading crypto asset ethereum has tapped an ATH on Friday morning. Ethereum reached a high of $4,416 per unit and has since retreated around 2% down from that price position.

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Finder's Panel of Fintech Experts Predict Ethereum Will Reach $5,11…

At the end of July, the product comparison website Finder.com published its research findings from a panel of experts that predicted the crypto asset ethereum would reach $4.5K this year. On October 25, Finder updated its “Ethereum Price Predictions Report” that polled 50 financial technology specialists and ethereum is now expected to reach “$5,114 by the end of this year.”

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Ethereum Jumps 21% Higher This Week, Second Largest Crypto Market N…

After bitcoin reached its all-time high (ATH) on Wednesday, the second-largest crypto asset in terms of market capitalization, ethereum, is nearing its own ATH. The last time the crypto asset hit an ATH was five months ago on May 12.

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Brazilian Asset Manager Kinea Makes Exploratory Investment in Ethereum

One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum. The announcement was made by Marco Aurélio Freire, manager of funds for Kinea, who stated the company had invested a small amount of its holdings in ethereum starting two months ago.

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Study Shows Cross-Chain Bridge Technology Growth, Bridges to Ethere…

On September 8, 2021, Dmitriy Berenzon, research partner at 1kxnetwork, an early-stage crypto fund that helps founders bootstrap token networks, published a comprehensive research post concerning blockchain bridges. Berenzon’s study highlights the current “multi-chain market structure” and bridges that are making a myriad of blockchains compatible.

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Standard Chartered Report Structurally Values Ethereum at '$26K to…

A report published by the British bank Standard Chartered indicates the company’s analysts are bullish about the crypto asset ethereum. The bank’s analysts think that bitcoin could reach $175K and said “structurally, we ‘value’ ethereum at $26,000-$35,000.”

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Ethereum's Crypto Economy Dominance Nears 20% as Ether Prices Rocke…

The world’s second-leading crypto asset in terms of market valuation, ethereum, has seen significant gains during the last few days. Over the last 24 hours, ether values have jumped over 5% and during the course of the last week, ether has gained 11.8%. The crypto asset’s $417 billion market cap represents 18.9% of the $2.21 trillion crypto economy.

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World's Second-Leading Crypto Network Ethereum Splits Into Two Chains

The world’s second-largest cryptocurrency network, in terms of market capitalization, Ethereum, saw a chain split today as a software bug affected a large quantity of full node clients. In mid-August, developers discovered a vulnerability and distributed an update called “Hades Gamma” to resolve the problem.

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Kraken Donates $250K to Open Source Ethereum Developers

Kraken, the cryptocurrency exchange founded in 2011, announced on Tuesday that the firm is donating $250,000 toward Ethereum blockchain upgrade efforts. The company said that it believes in “collaborative efforts and support” can help bolster Ethereum in the long run.

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Ethereum Layer-2 Scaling Solution Arbitrum to Launch This Month

Arbitrum, an Ethereum Layer-2 (L2) scaling solution, announced it would launch its mainnet for users this August. The tool, which allows Ethereum users to transact with very low fees, had launched in beta version last June, with support from some key projects in the Ethereum sphere, like Uniswap, who received a community vote to integrate it.

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Ethereum's Vitalik Buterin Says EIP 1559 'Most Important Part of Lo…

The Ethereum blockchain has completed the highly anticipated London upgrade on Thursday and ether fans have been discussing the protocol’s burn rate with great fervor following the fork.

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Ethereum Community Gears up for the Long-Awaited London Fork Set to…

The Ethereum community has been gearing up for the highly anticipated London Network Upgrade which should take place on August 5 around 2:00 p.m. (EDT). Node operators have been asked to upgrade their nodes as soon as possible, as the upgrade is scheduled to take place at block height 12,965,000.

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ETH Compatible BCH Sidechain Smartbch Successfully Launches Three N…

The day before the fourth Bitcoin Cash anniversary, the Smart Bitcoin Cash team (Smartbch), announced the project has launched three nodes as genesis validators. Smartbch disclosed that Btc.com, Viabtc, and Matrixport are participating and the project has officially started its voting period.

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Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million

The number of users or unique addresses leveraging decentralized finance (defi) protocols via Ethereum has risen past 3 million according to recent statistics. A vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018.

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