Category «Ethereum news»

The Pelosi Effect? Ethereum Faces Headwinds Over Area At $1,600

www.newsbtc.com Ethereum has lost steam after a week of trading in profits. The elements for a potential extension of the bullish momentum were laid out in the macro-economic stage. Still, rising tensions between China and the United States have brought back uncertainty to the global financial world. Related Reading: TA: Solana Struggles To Break Key …

Ethereum-based transactions now cheapest since December 2020

finbold.com The Ethereum (ETH) blockchain continues to achieve several milestones amid ongoing development that seeks to transition the network to the proof-of-stake (PoS) protocol.  Indeed, as of August 2022, the network recorded its lowest average transaction fees of $3, the lowest level since December 2020, according to Kaiko’s research shared with Finbold on August 4.  …

Ethereum (ETH) Price Analysis for August 4

u.today Bulls could not hold the gained initiative for a long time, and most of the coins are again in the red zone. ETH/USD Ethereum (ETH) has followed the fall of Bitcoin (BTC), going down by 2.79%. On the daily chart, Ethereum (ETH) has continued yesterday’s fall against the declining volume. At the moment, the …

Ethereum price analysis: ETH continues sideways, ready to break $1,600?

www.cryptopolitan.com Ethereum price analysis is bearish today as we have seen consolidation after a brief retest of upside over the past 24 hours. Therefore, bears have gathered enough momentum to soon push ETH/USD towards the $1,500 next support. Cryptocurrency heat map. Source: Coin360 The market has traded in the red over the last 24 hours. …

Frax Finance proposes rejection of any Ethereum proof of work fork

www.theblock.co Frax Finance co-founder Sam Kazemian has submitted a proposal for the project’s stablecoin to be redeemable solely on the Ethereum proof-of-stake (PoS) mainnet following the network’s forthcoming switch from proof-of-work (PoW) consensus. This proposal was published to the Frax governance page on Thursday and comes amid concern that some Ethereum miners might stage a …

We’ll Use 1M ETH Stash to Support Ethereum Fork, Justin Sun Pledges

cryptobriefing.com It comes as some crypto community members weigh forking Ethereum to establish a new Proof-of-Work network.  Justin Sun Backs Ethereum Fork  One of crypto’s biggest whales has committed to supporting a Proof-of-Work Ethereum fork.  We currently have more than 1 million #ETH. If #Ethereum hard fork succeeds, we will donate some forked #ETHW to …

Most in Ethereum community will use L2 scalers: Vitalik Buterin

forkast.news The Ethereum layer-1 chain should eventually “stop changing completely,” to provide stability on the base layer, Ethereum cofounder Vitalik Buterin said in a conference in Seoul on Thursday. See related article: Prominent Chinese ETH miner plans proof-of-work fork amid The Merge Fast facts “If a layer-1 tries to do everything, there are a lot …

Over 44 Million Contracts Deployed to Ethereum Since Genesis: Research

cryptopotato.com There have been more than 44 million smart contracts deployed on Ethereum since it began, according to Electric Capital engineer ‘Emre.’ He added that remarkably, around 70% of the 15 million or so live contracts are copies of one of 15 templates. 1/ Over 44 MILLION contracts have been deployed to @Ethereum since genesis …

TA: Ethereum Eyes Fresh Rally If It Clears This Key Breakout Zone

www.newsbtc.com Ethereum remained supported above the $1,550 zone against the US Dollar. ETH is rising and might gain pace if there is a clear move above the $1,670 level. Ethereum found support near $1,560 and started a fresh increase. The price is now trading above $1,620 and the 100 hourly simple moving average. There is …