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What these metrics tell investors about Ethereums readiness for the Merge - BitcoinEthereumNews.com

EthereumWhat these metrics tell investors about Ethereums readiness for the Merge08 / 06 / 2022Balita ng Ethereum ng Bitcoin　　Kasama ang Pagsamahin set for a launch in September, does Ethereum look ready for the next big step？ For its part, ETH has registered an uptrend in price action over the month of July. However, the utility of Ethereum rests on many sectors of Web 3.0. While being the flagship altcoin, Ethereum heads other cryptocurrencies on a host of different fronts.　　Magsisimula na ang countdown　　The transition to a Proof-of-Stake mechanism is set to release on 19 September. This is being termed the biggest change pa on the Ethereum blockchain. Ethereum has responded well to the hype by taking the center stage among cryptocurrencies since early July. Ether has also performed in tandem with the growing hype surrounding Ethereum.　　data naitala on Nansen revealed that WETH remains the favorite token of smart money. There has been a dramatic increase in the accumulation of WETH since mid-April. Interestingly, the majority of smart money held WETH for a longer term, with 76% of tokens held for 1-2 years or more.　　Unique addresses have risen on the network from 150k to almost 490k within 12 months. This remains a

2022-08-07Ethereum

Ethereum Founder Vitalik Buterin Not Concerned About Pro- PoW Individuals - BitcoinEthereumNews.com

EthereumAng Tagapagtatag ng Ethereum na si Vitalik Buterin ay Hindi Nababahala Tungkol sa Mga Indibidwal na Pro-PoW 08 / 06 / 2022Balita ng Ethereum ng Bitcoin　　The highly-awaited Ethereum upgrade dubbed ‘The Merge’ has kept crypto enthusiasts on the edge of their seat. Naturally, the most excited of all is Ethereum founder Vitalik Buterin. To the unfamiliar, the Merge is primarily the transition of the blockchain network from PoW to PoS. It aims to mitigate the harmful impact on the environment due to PoW. Another primary goal behind the upgrade is to reduce the gas fees.　　Along with all the excitement, the upgrade has also gathered a fair amount of criticism with some even pushing for the continuation of “ETH PoW” after upgrade. But the movement doesn‘t stress out Buterin even a bit. Buterin says these are just “a couple of outsiders” who own exchanges and look to make some quick profit. Therefore, there is no substantial long-term adoption, according to him. Especially, only because of the fact that Ethereum Classic has a superior community and product for pro- PoW individuals. Buterin says everyone whom he has conversed with, believes in transition to PoS. However, there are still going to be “a

2022-08-07Ethereum

Ethereum Price Analysis and Prediction for August 6th - BitcoinEthereumNews.com

Cryptocurrency markets remain relatively flat this Saturday as Bitcoin holds the $23k support while Ethereum is climbing above the $1,700 range. The global cryptocurrency market cap is up 1.51% in the past 24 hours, currently valued at $1.1 trillion. The fact the global market is above the $1 trillion range confirms the short-term sentiment this weekend that will hold Bitcoin and Ethereum at current levels until next week.　　Ethereum Price Prediction and Market Analysis　　ETHUSD is trading at $1,716, up 2.53% in the past 24 hours. After dipping to a low of $1,666 and peaking at $1,743, Ethereum has found its sideways trading range in the $1,700s.　　The 24-hour trading volume for ETHUSD is starting to fall as the digital asset narrows its range. Currently, the daily volume for Ethereum is $15.3 billion, down 11.83%.　　7D ETHUSD // Pinagmulan: CoinMarketCap　　Looking at the weekly chart, the current level of $1,700 is on the higher side, and ETHUSD could drop to the mid $1,600s in the next 24-48 hours. However, ETH is showing bullish momentum as investors are still excited for the upcoming merge in September, when Ethereums blockchain will switch from a proof-of-work to a proof-of-stake consensus mechanism, contributing to a more eco-friendly and sustainable

2022-08-06Ethereum

Buterin Says PoW Validators Flocking Back to Ethereum Classic Wont Disrupt Merge - BitcoinEthereumNews.com

EthereumSinabi ni Buterin na Ang mga Validator ng PoW na Bumabalik sa Ethereum Classic ay Hindi Makakagambala sa Pagsasama08 / 06 / 2022Balita ng Ethereum ng Bitcoin　　Ethereum co-founder Vitalik Buterin said the upcoming blockchain‘s merge to patunay-ng-taya consensus would not adversely affect miners minting new tokens on the blockchain’s predecessor, Ethereum Classic.　　Speaking at a webinar on Saturday, Buterin noted that he doesnt expect any adverse effects on the blockchain since most of the Ethereum community is supportive of the merge. The merge to patunay-ng-trabaho negates the need for Ethereum miners that currently secure the network using expensive mining equipment and earn ETH in the process, for whom the merge could result in significant financial loss.　　As a result, many miners could flock back to the original Ethereum blockchain, Ethereum Classic, which still uses proof-of-work. Ethereum Classics roots can be traced back to a philosophical divide in the Ethereum community following the 2016 hack of The DAO, a decentralized autonomous organization whose rules of operation were encoded in code contained in a smart contract.　　Ang DAO ay na-hack to the tune of $3.6 million and divided the Ethereum community. One faction voted to move funds from The DAOS smart contract to another smart

2022-08-06Ethereum

Ethereum Name Service Price Prediction: ENS Trends Through Barriers - BitcoinEthereumNews.com

EthereumHula ng Presyo ng Serbisyo ng Pangalan ng Ethereum: Mga Trend ng ENS Sa pamamagitan ng Mga Harang08 / 06 / 2022Balita ng Ethereum ng Bitcoin　　Ethereum Name Service (ENS) Price Prediction – August 5nThe ENS market trends through barriers, pairing with the valuation of the US fiat currency a couple of times. Just the last nine months ago, the cryptos all-time high reached $85.69, and its all-time low value in the two months stands at $7.40. Currently, the price is trading around $16.86 at an average percentage of 6.08 positives.　　Ethereum Name Service (ENS) Price Statistics:nPresyo ng ENS ngayon – $16.86nENS market cap -$341.4 milyonENS circulating supply – 20.2 milyonKabuuang suplay ng ENS – 100 milyonRanggo ng Coinmarketcap – #107　　ENS/USD Market nKey Levels: nMga antas ng paglaban: $ 18, $ 22, $ 26nMga antas ng suporta: $ 14, $ 12, $ 10n　　ENS/USD – Pang-araw-araw na Tsart nThe daily chart reveals the Ethereum Name Service market operation trends through some barriers over the trend buying signal sides of the SMAs. The 14-day SMA indicator is at $13.21, having been able to have briefly intercepted the 50-day SMA indicator to the upside, leaving the bigger SMA tool placed at around $12.81. The bullish

2022-08-06Ethereum

Nomad Recovers $22M of $190M in Ethereum Tokens Stolen in Hack - BitcoinEthereumNews.com

EthereumNabawi ng Nomad ang $22M ng $190M sa Ethereum Token na Ninakaw sa Hack08 / 06 / 2022Balita ng Ethereum ng Bitcoin　　Crypto bridge Nomad has recovered over $22.4 million of the $190 million-worth of Ethereum and Ethereum-based token stolen earlier this week.　　Earlier this week, hackers kinurot funds in Ethereum, USDC, DAI, WBTC, and CQT worth $190 million from Nomad, a project that allows users to move assets between blockchains.　　Ang tulay sinabi it was working with “its community, law enforcement and blockchain analysis firms to ensure all funds are returned” in a Thursday blog post.　　1/ Nomad team is working diligently to explore every angle to recover funds from the exploit.　　— Nomad (⤭⛓????) (@nomadxyz_) Agosto 5, 2022　　Nomad also said it would pay a 10% reward to hackers who returned the tokens to an Ethereum address—and that no legal action would be taken against those who did so. Stolen funds have slowly trickled in since the anouncement.　　“We urge all good actors to return funds ASAP to cement your status as a cooperative white hat,” the protocol said. “Anyone who returns at least 90% of the total funds they took will be considered a white hat. White hats can also choose to return the

2022-08-06Ethereum

Halliday Raises $6 Million for Buy Now, Pay Later Ethereum NFTs - BitcoinEthereumNews.com

EthereumNakalikom si Halliday ng $6 Milyon para sa Buy Now, Pay Later Ethereum NFTs08 / 05 / 2022Balita ng Ethereum ng Bitcoin　　As more game studios look to incorporate digital assets and collectibles into their properties, Web3 startup Halliday has raised $6 million in a new seed round led by Andreesen Horowitz (a16z) to change how gamers buy and use digital assets in virtual worlds.　　“We started working back in November,” Halliday co-founder Griffin Dunaif told I-decrypt in an interview. “So we built our demo, a pitch deck, and we pitched it to Andreessen, and they liked what they saw.”　　Joining a16z in the $6 million raise are Hashed, A.Capital, SV Angel, and other angel investors.　　Were excited to anounce Halliday and our upcoming launch of the first solution to enable ownership of blockchain game and metaverse assets through later payment! 　　— Halliday (@HallidayHQ) Agosto 4, 2022　　Launched in November 2021 by Akshay Malhotra at Griffin Dunaif, Halliday—which shares its name with Handa Player One kalaban James Halliday—gives gamers a “play now, pay later” option. Halliday aims to make in-game purchases and proof of ownership for NFTs more affordable and convenient for gamers who may bristle at the high prices of non-fungible tokens in their

2022-08-06Ethereum

Bitcoin, Ethereum, Tron, and Litecoin Daily Price Analyses – 5 August Roundup - BitcoinEthereumNews.com

Bitcoin EthereumBitcoin, Ethereum, Tron, at Litecoin na Pang-araw-araw na Pagsusuri sa Presyo – 5 August Roundup08 / 05 / 2022Balita ng Ethereum ng Bitcoin　　The global crypto market has seen a continuation of positive changes as the influx continues. The latest data shows that various coins, including Bitcoin, have turned bullish, bringing further market strength. The increase has given Ethereum and other previously bullish coins a push to move ahead in gains. These gains are likely to continue as the market remains positive. It is yet to be seen how long it will be able to continue its gains.　　Revolut, a fintech company, has introduced its crypto trading services in Singapore despite the possibility of restrictions. Even though the market has shown a trend of the downturn, various companies have continued to expand their investments. Singapore hasnt been sure about what restrictions it should put on crypto. Revolut plans to expand its headcount in the company, adding 20% in the near future.　　Currently, this firm has received approval from Singapore Monetary authorities. The mentioned service will help convert 27 fiat currencies to crypto. While there will be no exchange fee on the conversion of fiat currencies to crypto. There will be different packages

2022-08-06Ethereum

CME Group to Release Euro-Backed BTC and ETH Futures - BitcoinEthereumNews.com

The worlds leading financial derivatives platform – Chicago Mercantile Exchange (CME) Group – revealed intentions to introduce Bitcoin and Ether Futures tide to the euro later in August　　The company already has a deep history with the crypto industry. A few months ago, it launched micro options on Bitcoin and Ether futures, justifying its move with the surging investor appetite for such services.　　CME Dives Deeper　　Despite the grim condition of the cryptocurrency market, the American-based firm doubled down on its digital asset endeavors. It anunsyado the introduction of euro-denominated Bitcoin and Ether futures that will become available for customers at the end of the month.　　CME explained that those contracts will be sized at five BTC and 50 ETH per contract. The new features will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate. The entity assured they will be subject to the already built rules.　　Tim McCourt – Global Head of Equity and FX Products at CME Group – argued that the current status of the crypto sector increases the clients interest in such products:　　Ongoing uncertainty in cryptocurrency markets, along with the robust growth and deep liquidity of our existing Bitcoin and Ether futures, is creating

2022-08-06Ethereum

Arthur Hayes Expects $5,000 Ethereum by March 2023 - BitcoinEthereumNews.com

Former BitMEX CEO Arthur Hayes says he expects Ethereum to reach $5,000 by the end of Q1 2023.　　His estimate is based on a dual expectation that the Federal Reserve will ‘pivot,’ and that the Merge upgrade will be successful – both of which will bolster the price of the second-largest cryptocurrency.　　Inflationary Dollar, Deflationary ETH　　As the co-founder explained in his latest blog post, Ethereum will likely yield a greater return than Bitcoin throughout the remainder of 2022.　　Though a Fed pivot would likely have a bullish effect on all asset prices, the Merge represents an Ethereum-specific event that, in his view, “will have an incredibly powerful impact on the price of ETH.”　　Ang Pagsamahin is a long-awaited Ethereum upgrade that will transition the networks consensus mechanism from proof of work to proof of stake. That means Ethereum miners will be rendered obsolete, while holders of the cryptocurrency will be able to earn yield by staking their holdings.　　While the primary goal of the upgrade is to increase Ethereum‘s energy efficiency, it is also expected to reduce Ether’s supply rate ng pagpapalabas by 90%. Combined with a growing ecosystem of users constantly burning ETH through transaction fees, Hayes believes the upgrade itself will “drive the

2022-08-06Ethereum

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