Pinakabagong Balita sa Crypto at Market Updates

Cambridge AltFin Study Shows Ethereum Significantly Reduces Energy Usage

The study shows a 99.9% reduction in energy consumption since Ethereum switched to PoS.　　Ethereums annual energy consumption is now only enough to power The University of Cambridge for 16 days.　　Ethereum‘s transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) has proven to be a resounding success, with a Cambridge Alt Fin study showing a 99.9% reduction in energy consumption. This milestone has garnered attention from industry leaders. Including Binance’s CEO, who has pinuri Ethereum‘s efforts to create a more sustainable future for cryptocurrencies. In this article, we’ll explore the implications of this study and how it could pave the way for more energy-efficient blockchain networks.　　Reducing Energy Consumption: Ethereums Successful Transition to Proof-of-Stake　　According to data from Cambridge University‘s Centre for Alternative Finance (CCAF), Ethereum had been consuming increasing amounts of energy since its launch until the “Merge” took place in September 2022. By then, its total energy consumption had reached 58.26 Terawatt hours (TWh). That equivalent to Switzerland’s annual electricity consumption during that period.　　However, CCAF‘s latest estimates reveal that this amount has now drastically decreased to just 6.6 gigawatt hours (GWh), comparable to the electricity used by 2,000 typical UK homes. This is a stark contrast to Bitcoin’s energy usage, which amounted to

2023-05-04Ethereum

Ethereum- a Guide to a Leading Global Currency Facilitating DApps and Transactions

Ethereum is a blockchain based (DeFi) platform with smart contract functionality.　　Ether is the local cryptocurrency of the platform. Among cryptocurrencies, it is second only to Bitcoin in terms of market backing.　　The recent Shanghai Upgrade made several developments regarding stakeholders.　　Ethereum is a digital currency where anything you own can be constituted, exchanged, and put to use as non-fungible tokens (NFTs). To gain Ethereum services you just need a wallet, and the best thing is that it works without any personal information. ETH facilitates storage of digital money, global payments and applications. The smart contract functionality is helpful in giving immediate outcomes, thus saving time.　　Ethereum History and Interesting Information　　Ethereum was first conceived in 2013 by Vitalik Buterin. Buterin is the founder as well as a programmer of Bitcoin Magazine which describes a way to build decentralized finance. He proposed the development of a new platform with a more advanced scripting language that would in due course become Ethereum.　　Ethereum was announced at the North American Bitcoin Conference in Miami in January 2014, revealing an important Swiss non-profitable foundation, The ETH Foundation. There, several prototypes of ETH were developed over 18 months in 2014 and 2015. Since Ethereums launch, it has gained a number

2023-05-04Ethereum

Solana Surpasses Ethereum In Most On-Chain Active Addresses ⋆ ZyCrypto

Solana, one of the largest “Ethereum Killers”, has surpassed the latter to become the network with the most transactions.　　On Wednesday, Nansen shared a tiririt comparing Aprils most active on-chain addresses. According to the firm, Solana came in second after BNB Chain, becoming the network with the most active address by chain at 5.1 million in April.　　And despite that figure dropping by around 12% from March, the cryptocurrency network still managed to outdo Ethereum, which had 4.9 million active addresses in April.　　Solana also surpassed Ethereum by non-vote transactions last month. Non-vote transactions are transactions that do not involve any voting or decision-making by token holders. They typically involve the transfer of cryptocurrency between wallets or accounts and are the most common type of transaction on most blockchain networks due to their simplicity. According to Nansen data, as of April 30, Solana‘s total non-vote transactions stood at 24.3 million compared to Ethereum’s 974,972.　　Solana‘s attractive growth can be attributed to various factors, including a surge in developers and users due to its attractive transaction speeds and costs. Apart from announcing various developments that go into improving the network, including a Chat GPT plugin and a web3 phone, Solana’s ballooning transactions have also been

2023-05-04Ethereum

Could Underwater ETH Stakers Become a Threat to Crypto Market

crypto Ethereum　　Maaaring Maging Banta sa Crypto Market ang Underwater ETH Stakers　　11 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　As more Ethereum (ETH) gets staked, there are growing concerns In the community that in-loss stakers could induce price volatility for the second-largest crypto network. 　　The Ethereum Merge upgrade was one of the most significant events that have occurred in the crypto industry. The upgrade set out to address critical Ethereum network issues such as scalability, security, and high fees.　　It also introduced several new features, such as staking and sharding, enabling the network to process more transactions per second.　　Benefits of Ethereum Shift to Proof of Stake　　The Ethereum Merge upgrade involved transitioning from a proof of work (PoW) consensus algorithm to a proof of stake (PoS). This transition was implemented in several phases, with the first phase, known as the Beacon Chain, launched in December 2020. The Beacon Chain was essentially a new blockchain that ran parallel to the primary Ethereum blockchain at the time and was responsible for managing the PoS consensus algorithm.　　One of the main benefits of the PoS consensus algorithm is that it requires validators to stake a certain amount of ETH to participate in the consensus process. Validators are rewarded

2023-05-04Ethereum

Ethereum Market Shows Signs Of Overheating, Decline Soon?

On-chain data shows the Ethereum failed transaction count has shot up recently, a sign that the ETH market may be overheating right now.　　Ethereum Network Is Observing A Surge In Transactions Currently　　As pointed out by an analyst in a CryptoQuant post, whenever the failed transaction count of the coin breaks the 200,000 mark, its usually a hint of overheating in the market.　　In periods where the activity of the Ethereum blockchain is high, that is, a large number of transactions are taking place simultaneously, the gas fees on the network can sharply go up.　　This happens because the network can only handle so many transfers at once, so the gas price has to go up if there is too much demand to confirm moves on the blockchain.　　During such periods of high gas prices, if investors attach a low amount of gas with their transactions, the transfer can end up failing if the fees happen to be lower than what the network requires at that specific moment.　　The “failed transaction count” is an indicator that measures the total number of such Ethereum transfers that fail to go through. As the appearance of failed transactions can have a direct relationship with the demand that the network

2023-05-03Ethereum

BTC, ETH Rebound on Wednesday, as Fed Meeting Looms – Market Updates Bitcoin News

Bitcoin rebounded from Tuesday‘s losses, as all focus in the market turned to today’s United States Federal Reserve rate decision. It is widely expected that the Fed will hike rates by 25 basis points in Mays meeting. Ethereum also moved higher, nearing $1,900 in the process.　　Bitcoin　　Bitcoin (BTC) rebounded on Wednesday, as all focus in the market turned to todays Federal Reserve rate decision .　　Following a low of $27,935.73 on Tuesday, BTC/USD surged to an intraday high of $28,881.30 earlier in the day.　　This came as after bitcoin rejected a breakout below its long-term floor at $27,600 to start the week.　　Overall, momentum has shifted marginally higher, as the 10-day (red) moving average approached its 25-day (blue) counterpart.　　Should this upwards crossover occur, this could be a signal that bulls need to intensify pressure, and potentially take BTC back above $30,000.　　In order for this to occur, the relative strength index (RSI) will first need to surge past a ceiling at the 52.00 mark.　　Ethereum　　In addition to BTC, ethereum (ETH) also bounced back on hump-day, as bulls began to reenter the market.　　ETH/USD rose to a peak of 1,879.76 on Wednesday, after almost falling below $1,800 the day prior.　　The move saw ethereum bulls briefly push price above

2023-05-03Ethereum

BNB Chain had over 10M active addresses in April; Ethereum had 4.9M

BNB chain had 10.9 million active addresses in April — the highest, despite an 11% drop from March, data from on-chain analytics platform Nansen Ipinapakita ng.　　Solana (SOL) was a distant second with 5.1 million active addresses last month — less than half the number of active addresses on the BNB chain. Active addresses on Solana fell by 12% in April compared to the previous month, the data show.　　Ethereum (ETH) had 4.9 million active addresses in April — down 7.9% from March. Polygon (MATIC) and Arbitrum (ARB) both saw the number of active addresses climb last month. Polygon had 4.2 million and Arbitrum had 2.4 million active wallets last month — up 6% and 7.8% from March, respectively.　　But it was Avalanche (AVAX), Celo, and Optimism that recorded the biggest growths in active addresses last month, according to Nansen data. Active addresses on Avalanche and Celo grew by 87% and 46% respectively, while Optimism saw a growth of 36% compared to March.　　Diving deeper on-chain　　On the BNB chain, three platforms saw their number of users grow significantly last month. Users on the Polyhedra Network — which provides Web 3.0 infrastructure — increased phenomenally by over 4,000,000% in April.　　Meanwhile, blockchain interoperability provider LayerZero Labs,

2023-05-03Ethereum

Dow Jones Dives As Uber Rockets; Carl Icahn Hits Out As Stock Craters On Short-Seller Attack

The Dow Jones Industrial Average dived as regional banks including PacWest (PACW) and Western Alliance (WAL) crumbled. Carl Icahn lashed out after Icahn Mga Negosyo (IEP) cratered amid a short sellers attack. Uber Technologies (UBER) soared on earnings.　　Only one noteworthy stock was plucky enough to attempt a breakout amid the stock market chaos. Electric power gear maker Eaton (ETN) tested an entry after posting quarterly results.　　Treasury yields retreated as the latest Fed meeting got underway. The 10-year yield plunged 15 basis points to 3.43% while the two-year yield also dived 15 basis points to 3.99%. The yield curve remains inverted.　　“Sell in May decided it didnt need to wait for the Fed,” Oanda senior market analyst Ed Moya said in a note to clients. “Wall Street is quickly hitting the sell button as banking turmoil appears it is not going away anytime soon and was ready to focus on the next weakest link, potentially distressed lenders with tremendous exposure to commercial real estate.”　　Nasdaq Falls As Small Caps Get Spanked　　The Nasdaq tumbled amid the broad bearish action, closing down 1.1%. Palakihin ang Enerhiya (ENPH) was among the laggards here as it dipped 4.8%.　　The benchmark S AMD Falls Late On Guidance　　Outside Dow Jones:

2023-05-03Industriya

This is not another financial crisis

Famed financier and healthcare expert Michael Milken doesnt think the US is trapped in a banking crisis, but the turmoil does offer an important lesson for investors, management teams, and regulators.　　“This is not the 1980s, it‘s not the 1970s, it’s not the Great Financial Crisis,” Milken told Yahoo Finance Live at the 2023 Milken Institute Global Conference (video above). “But its a lesson again that we need to match those that buy long-term assets with those that have long-term liabilities like pension funds, insurance companies. And that our financial institutions cannot run a mismatched book of short-term liabilities and long-term assets.”　　Others in the banking space seemed to have forgotten that playbook.　　Regulators seized regional bank First Republic (FRC) early on Monday and sold a majority of the banks operations to JPMorgan (JPM) in the largest bank failure since the 2008 financial crisis.　　For JPMorgan, the crisis purchase is nothing new: The bank purchased Washington Mutual and Bear Stearns at the height of the Great Financial Crisis more than a decade ago at firesale prices.　　Sumang-ayon ang JPMorgan na kunin ang $173 bilyon na mga asset, $30 bilyon sa mga securities, at lahat ng $92 bilyong deposito ng First Republic.　　The deal is expected to

2023-05-03Industriya

Why Pepe Edition by Matt Furie in the News?

Kabuhayan　　Bakit Pepe Edition ni Matt Furie sa Balita？　　13 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Pepe Edition is one of the most trending NFTs with 5 unique items, created in March 2023.　　The minimum price of this NFT starts from 0.0295 ETH and max up to 3.99 ETH.　　Pepe is a frog cartoon character and Pepe edition is an internet meme created by Mat Furie. It is a green frog with a humanoid body. Nowadays, it is used in a variety of contexts. Pictures of the creature have spread through the online communities 4chan, 8chan, and Reddit, where users can share an image for others to comment on. These are mostly used to express emotions or experiences, but some racist and anti-Semitic versions have spread virally on Facebook and Twitter.　　The reason behind Pepe Editions popularity　　Recently, the Pepe edition has been in the news because of its popularity. This is a notable artwork and it has successfully gained peoples consensus . As of now, the total transaction volume of this series has exceeded 797 ETH, and the floor price has reached .0298 ETH.　　The Pepe Frogs Checks NFT has naturally attracted a lot of attention. NFTGo data shows that as of the latest 7 days

2023-05-03Industriya

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