Ethereum News

Maximalist-Opens-up-Against-Ethereum;-Reports
BTC Maximalist Michael Saylor Opens up Against Ether

Michael Saylor opened up on why he believes Ethereum is unethical. Saylor claims that the securities laws have their basis in the Decalogue. The basis of securities laws is thou shall not lie, cheat or steal. In a recent tweet, noted cypherpunk Michael Saylor opened up on why he believes Ethereum is unethical. Saylor, the CEO of enterprise software company MicroStrategy, has been an outspoken critic of Ethereum and other cryptocurrencies. In his tweet, Saylor said that Ethereum is “inherently unethical” because its existence violates securities laws. He added that Ethereum is “a textbook example of fraud.” Saylor’s comments come

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Ethereum Makes 12% Jump to Resume Relief Rally
Ethereum Makes 12% Jump to Resume Relief Rally

Ethereum price is currently seen at $1,613.49, a 12.5% jump in the last 24 hours.. ETH has established support from $1,500-$1,610. The $1,650 price ceiling remains impregnable. The massive selloff has proven short-lived, as most cryptocurrencies are now back at relief-rally levels. In fact, Ethereum made an impressive 12% jump, confirming a solid support zone at $1,500 – $1,610. As witnessed in the chart above, ETH is now changing hands at a relatively stable range just above $1,500. This was not an easy feat to accomplish. As a matter of fact, there were at least two red candles during the

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69,306 ETH Transferred From Unknown Wallet to FTX
69,306 ETH Transferred From Unknown Wallet to FTX

Unknown whale wallet transfers 69,306 ETH to FTX. This mysterious wallet has been transferring to the same FTX address since February 2021. The total net worth of the FTX address was around $436 million. An unknown whale wallet transferred a whopping 69,306 Ethereum ($98,907,137 at the time of transfer) to FTX, a cryptocurrency derivatives exchange. The transfer was confirmed in a Twitter post by Whale Alert, a blockchain tracker and analytics that reports huge whale transactions on the space. According to the data shared by whale alert, the transaction occurred on Tuesday, July 26, 2022 at 2:24 UTC, with a

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ETH Shows Mixed Signals During Consolidation
Bears Prevail: Ethereum(ETH) Market Sentiment is Bearish

The sentiment for Ethereum falls as the FOMC meeting approaches. The mood of the market for Bitcoin(BTC) and Ethereum(ETH) has turned bearish. There are now more than 84.3 million Ethereum addresses with a non-zero balance. After experiencing an upward trend, Ethereum sentiment has dropped. The market sentiment for Ethereum has turned bearish as the FOMC meeting approaches. In a recent post on Twitter, ETH was trading above $1,640 before it decreased to the lows of $1,540. According to CoinMarketCap, Ethereum is currently the second-largest cryptocurrency by market capitalization of $187,529,952,764 USD with its price sitting at $1,541.04 USD. The market

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ETH Shows Mixed Signals During Consolidation
ETH Shows Mixed Signals During Consolidation

Ethereum is displaying mixed signals during its consolidation phase. However, ETH is not oversold yet, which may encourage day traders to buy in. At the time of writing, ETH is changing hands at $1,601.71, according to CoinGecko. Ethereum (ETH) continues to lead the much-needed relief rally, as it continues to establish a strong base right above the $1,500 price mark. However, a couple of signals recently appeared, causing another strong tussle between the bears and the bulls. The collective crypto market has been indecisive in the last couple of days, as Bitcoin and most altcoins are lingering longer than they

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Ethereum(ETH) To Process 100,000 Transactions Per Second
Ethereum(ETH) To Process 100,000 Transactions Per Second

Vitalik  Buterin updates the ETH roadmap with surge and purge. Ethereum on 2.0 and will be scaling to 100k transactions per second after merge. The development roadmap is only halfway complete. After the merge, the Ethereum network founder Vitalik Buterin stated that a lot more updates were on the way. If the merge hasn’t caused enough hype in the market, then the Ethereum network will undergo Surge, Verge, Purge, and Splurge as part of its ongoing development roadmap. In a recent tweet by Watcher.Guru, Vitalin Buterin, has stated that the Ethereum network will be able to carry out 100,000 transactions

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Ethereum,-BNBChain,-or-Solana-How-are-L1s-handling-the-Bear-Market
Ethereum, BNB, and Solana: How are L1s handling the Bear Market?

The bear market has been tough on all cryptocurrencies, but some have held up better than others. All three platforms have seen a reduction of up to 58.8%  Each platform has different use cases that have helped them weather the storm of the bear market. When it comes to layer-1 (L1) smart contract platforms, three major players currently dominate the landscape — Ethereum, BNB Chain, and Solana. The bear market on the other side has been tough on all cryptocurrencies, but they, fortunately, have held up better than others. We discovered that all three platforms have seen a significant drop

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Ethereum-(ETH)-and-Ethereum-Classic-(ETC)-Rides-the-Bull,-Until
Ethereum (ETH) and Ethereum Classic (ETC) Rides the Bull, Until?

Ethereum (ETH) and Ethereum Classic (ETC) saw price surges. The price of both crypto assets shot up over the past few days.  However, charts indicate a cool down period soon. Along with Ethereum’s (ETH) current bullrun, it seems that Ethereum Classic (ETC) is also regaining control. Since ETC bottomed in mid-June, the past seven days are showing a strong uptick in price action for the cryptocurrency.  According to some, this surge for both the assets may simply be a temporary celebration. In particular, Ethereum Classic (ETC) is presently showing flashing signs of a possible bearish reversal. That is, in comparison

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Parallel Finance Launches ETH-Backed NFT Finance Beta
Parallel Finance Launches ETH-Backed NFT Finance Beta

Parallel Finance allows users to borrow using NFT as collateral. Users can also purchase or bid NFTs with leverage via its app. Ethereum-backed NFT fi is now in beta and will launch globally this coming June. Yubo Ruan, Founder of Parallel finance, announced via tweet that the company will soon launch its Ethereum-based non-fungible token finance (NFT fi) through its platform. Noting that the company is “taking the concept of ‘utility’ in NFTs to a new level.” According to its website, the Ethereum-backed NFT fi is now in its beta version. Upon global launch, users will be able to profit,

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Ethereum-Bleeds-as-Price-Nosedives-to-Nearly-$1500
Ethereum Bleeds as Price Nosedives to Nearly $1500

Ethereum breaks its market position Proof-of-Work (PoW) to Proof-of-Stake (PoS) may happen in August ETH may surge to $2k soon Ethereum, the crypto seated next to Bitcoin continues to break its market position. To be specific, ETH dropped its price below $1900 in the past 24-hour with a decline rate of over -6%. This made Lark Davis react in a tweet post, The post stated about the sudden price change of Ethereum, “#ethereum just fell under $1,900!”. This tweet gathered different opinions in the crypto Twitter space, some were surprised while others stated their own opinion about the price crash.

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Ethereum-Fees-Now-at-July-2021-Lows-of-$2
Ethereum Fees Now at July 2021 Lows of $2.54

Ethereum network fees currently sit at an average of $2.54. This amount is the lowest that the network witnessed since July 2021. Historically, ether (ETH) price would surge whenever the gas fee falls below $5. Ethereum users may find some consolation despite the current crypto winter, as gas fees for the network currently sit at an average of $2.54. According to Santiment, this is the lowest gas fee that the network has witnessed since July of last year. As explained by the on-chain metrics site, the price of ether (ETH) would generally increase after the average transaction reaches below $5. 

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Ethereum Devs Gather in Amsterdam for Devconnect Event
Ethereum Devs Gather in Amsterdam for Devconnect Event

Devconnect, a week-long Ethereum event, is happening in Amsterdam on April 18-25. The event aims to gather the Ethereum community together to make progress on specific subjects. Devcon 6 will take place in the first half of Q4-2022 in Bogota, Colombia. A week-long independent Ethereum event called Devconnect started last Monday. The event, which has the theme “a collaborative Ethereum week, built by and for everyone,” aims to bring the Ethereum community into smaller groups. December 13 last year, the Ethereum Foundation Team first revealed its “Road to Devcon project”. They also disclosed that Devconnect is coming to Amsterdam in

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