Pinakabagong Balita sa Crypto at Market Updates

Ethereum (ETH) Price on Brink of Major Move

Ethereum　　Presyo ng Ethereum (ETH) sa Bingit ng Major Move　　18 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The Ethereum (ETH) price broke out from an important resistance area and validated it as support. It has almost reached a new yearly high.　　ETH is the native token of the Ethereum blockchain, created by Vitalik Buterin. While it previously used the proof-of-work mechanism, it switched to proof-of-stake after the release of Ethereum 2.0 in September 2022. On March 17, the Ethereum price broke out from the $1,685 resistance area. It returned to validate it as support 10 days later (green icon).　　A similar action transpired in the RSI. The indicator broke out from its bearish divergence trend line (green) and the 50 line. It returned to validate the latter as support ten days later.　　If the increase continues, the ETH price could move to at least $2,000. However, if the price closes below $1,685, it could drop to the 0.5 Fib retracement support level at $1,465.　　Pang-araw-araw na Tsart ng ETH / USD. Pinagmulan: TradingViewLong-Term Ethereum (ETH) Price Outlook Supports Increase　　The technical analysis from the weekly time frame provides a bullish outlook for Ethereum for several reasons.　　The ETH price broke out from a long-term descending resistance line during

2023-03-29Ethereum

Shrinking Ethereum Supply Pushes ETH Price Closer to $2K

Ethereum　　Shrinking Ethereum Supply Pushes ETH Price Closer to $2K　　10 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The Ethereum network has removed nearly 70,000 ETH from circulation since the Merge.　　Shrinking the Ethereum supply has reduced the selling pressure on ETH.　　The shrinking supply of ETH is one of the forces behind the cryptos current price rally.　　Available reports show that the Ethereum network has removed nearly 70,000 ETH from circulation since the last major update, the Merge. That update saw Ethereum transition from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) algorithm. This development has reduced the selling pressure on ETH, the second-largest cryptocurrency by market capitalization.　　In the crypto industry, reducing the number of circulating tokens is considered a bullish signal for any asset. It is an idea consistent with the economic principle of demand and supply, where a reduction in supply creates scarcity, which by extension, results in an increase in the demand and value of an asset.　　According to a renowned cryptocurrency analyst popularly known on Twitter as Pentoshi, the shrinking supply of ETH is one of the forces behind the cryptos current price rally. He believes this force could remain intact and push Ethereum to $2,000 soon.　　In a tweet, Pentoshi suggested

2023-03-29Ethereum

Time to buy jpegs? Community responds to upcoming Ethereum withdrawals

Ethereum　　Time to buy ‘jpegs’？ Community responds to upcoming Ethereum withdrawals　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　On March 28, Ethereum core developers confirmed that Shapella will take effect at 10:27 pm UTC on April 12. According to the announcement, Ethereum Improvement Proposal (EIP) 4895 will allow withdrawals after pushing the staked Ether from the Beacon Chain into the Ethereum Virtual Machine (EVM), which is the execution layer. This will allow full and partial withdrawals with some mechanisms set in place to make sure that a flood of ETH will not disrupt the market.　　Many community members were happy with the new update, taking to social media to express their sentiments over the news. One community member sinabi that they had serious doubts in the last two years. According to the Twitter user, they were unsure whether they will be able to ever unstake. However, the community member believes that the new update solidifies the importance of believing in something that is constantly being improved.　　Jesse Pollak also gave praise to the Ethereum developers for being able to push the update within one month of the original timeline. He tweeted:　　The Shapella hard fork which is on its way to be activated on the

2023-03-29Ethereum

Quant Trading Firm Accumulates Nearly $800,000,000 Worth of USCD and Ethereum in One Month: On-Chain Data

Ethereum　　Ang Quant Trading Firm ay Nakaipon ng Halos $800,000,000 Worth ng USCD at Ethereum sa Isang Buwan: On-Chain Data　　59 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　A leading analytics firm reveals that one of the worlds largest market makers has accumulated hundreds of millions of dollars worth of stablecoin USD Coin (USDC) and Ethereum (ETH) in as little as one month.　　Arkham Intelligence shows that quant trading firm Jane Street has over $1.26 billion worth of crypto assets in its portfolio.　　According to the analytics firm, Jane Street had about $470 million worth of crypto assets on February 27th, with Ethereum making most of the market makers portfolio. At the time, Jane Street held $416.84 million worth of ETH, $28.77 million in USDC, $12.21 million worth of the decentralized oracle network Chainlink (LINK) and $5.71 million worth of the decentralized exchange Uniswap (UNI).　　Arkham says that Jane Street has been rapidly growing its crypto stacks over the past month, with massive amounts of USDC and ETH being added to their holding addresses.　　According to the crypto intelligence firm, Jane Street now holds $761.71 million worth of USDC, $476.29 million worth of ETH, $13.36 million worth of LINK and $6.42 million worth of UNI.　　Arkham Intelligence says

2023-03-29Ethereum

Ethereum Devs Confirm April 12 For Shanghai Upgrade

On March 28th, the Ethereum protocol support team posted an update on the mainnet Shapella launch date. They confirmed that the hard fork will occur on April 12, two weeks from today.　　Shapella is the new name for the Shanghai upgrade as it combines changes to the execution layer (Shanghai), the consensus layer (Capella), and the Engine API.　　The date announcement comes after a smooth Goerli testnet transition. Furthermore, bug bounty rewards have been doubled until April 5 for those seeking Shapella vulnerabilities.　　Its happening ????　　Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023 ????　　Client releases compatible with the upgrade are listed in the announcement below 　　— timbeiko.eth ☀️ (@TimBeiko) Marso 28, 2023　　Ethereum Clients Are Ready　　The blog post clarified that the upgrade enables validators to withdraw their stake from the Beacon Chain back to the execution layer.　　“It also introduces new functionality to both the execution and consensus layer,” it added.　　All of the main Ethereum clients, including Lighthouse, Lodestar, Nimbus, Prysm, and Teku, now support the Shapella upgrade.　　EthStaker and Ethereum Cat Herders will be hosting a Shapella viewing party starting shortly before the upgrade goes live so people can follow it in real time.　　There have been concerns

2023-03-29Ethereum

Ethereum Developers Confirm Epoch for Shapella Fork and Mainnet Announcement – Cryptopolitan

Ethereum developers have confirmed the epoch for the Shapella fork and mainnet announcement, according to a blog post on the Ethereum Foundation‘s website on March 28, 2023. The Shapella upgrade is set to improve the network’s scalability, security, and efficiency.　　The Ethereum network has been under pressure to improve its performance and scalability, particularly as demand for decentralized applications (dApps) has increased. The Shapella upgrade is expected to address some of the networks limitations, including high gas fees and slow transaction speeds.　　The Shapella fork and mainnet announcement mark a significant milestone for the Ethereum network. The upgrade is set to introduce several improvements to the network, including increased scalability, security, and efficiency.　　The Shapella upgrade will introduce several changes to the Ethereum network, including a switch from Proof of Work (PoW) to a Proof of Stake (PoS) consensus algorithm. This change is expected to reduce the networks energy consumption and improve its security.　　The upgrade will also introduce several other changes, including improvements to the networks gas fee mechanism, transaction throughput, and storage efficiency. The upgrade is expected to make the network more user-friendly and efficient, allowing developers to build more complex dApps on the network.　　The Shapella upgrade is also expected to impact

2023-03-29Ethereum

The Screed Against Crypto

BTC　　dominates these assets, in terms of market capitalization. With Ether, it is the majority of these assets. Yet the chapter lightly considers either of these king cryptos, confining itself largely to stablecoins and other “crypto assets” coming in Bitcoins wake.　　Making Bitcoin the issue would have been tough for this chapter, which asserts: “Crypto assets have gained substantial popularity in recent years—particularly since the beginning of the COVID-19 pandemic in 2020.” In the event, however, “at the beginning of the COVID-19 pandemic” Bitcoin fell sharply. It picked up slowly over 2020 until the last months. Then it appreciated sharply and far more than any other notable crypto. Indeed, the chart shows that by early 2021, Bitcoin, topped off with Ether, nearly squeezed out everything else in total crypto market cap. This is to say nothing of the highly substantial history of Bitcoin prior to 2020.　　The chapter, therefore, is about a small corner of the crypto phenomenon, while saying its about the whole. The main point is that crypto assets are associated with all sorts of bad things, “fraudsters” for example. Crypto assets lack “fundamental value.” They “cause risks for financial markets, investors, and customers.” They “are largely speculative investment vehicles and

2023-03-29Industriya

Needham analyst reacts to Micron Q2 earnings

Micron Technology Inc (NASDAQ: MU) gained slightly in extended trading on Tuesday even after reporting its largest quarterly loss on record.　　Microns outlook for the future　　The tech stock is keeping resilient primarily because the management said overburdened customer inventories that have been a nightmare for Micron in recent quarters were starting to show signs of improvement and that will continue through the rest of 2023.　　For the current quarter, Micron forecasts $3.5 billion to $3.9 billion in revenue – roughly in line with expectations. According to Needhams Rajvindra Gill:　　Theyre writing down older excess inventory, at least clearing out excess inventory. So, if we can contemplate a bottom in mid-quarter then we start to go to recovery in H2 and potentially a return to growth in CY24.　　The Nasdaq-listed firm expects $1.58 of adjusted per-share loss in Q3 and non-GAAP gross margin at minus 21%.　　Microns Q2 earnings snapshot　　Lost $2.31 billion that translates to $2.12 per share　　That compared to $2.26 billion of net income a year ago　　Adjusted loss came in at $1.91 a share as per the press release　　Revenue tanked 53% year-on-year to $3.69 billion　　Consensus was 67 cents loss (adj) on $3.71 billion revenue　　The tech company is convinced that industry demand will pick up moving

2023-03-29Industriya

‘Withdrawals are coming!’ — Ethereum devs confirm epoch for Shapella fork

Ethereum validators will soon be able to withdraw their Ether (ETH) from the Beacon Chain, with the Shapella hard fork set to be activated on the Ethereum mainnet on April 12.　　Shapella will take effect at epoch 194,048, which is scheduled for 10:27 pm UTC on April 12, Ethereum core developers confirmed.　　The withdrawals will be enabled by Ethereum Improvement Proposal EIP-4895 by “pushing” staked Ether from the Beacon Chain to the Ethereum Virtual Machine (EVM), otherwise known as the execution layer.　　Nangyayari na　　Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023　　Client releases compatible with the upgrade are listed in the announcement below 　　— timbeiko.eth ☀️ (@TimBeiko) Marso 28, 2023　　The epoch, slot, and time were confirmed following a week-long deliberation between members of the Ethereum Foundation, which was led by Ethereum core developer Tim Beiko.　　While the hard fork will allow for partial and full withdrawals, several mechanisms are set in place to ensure a flood of Ether supply doesnt disrupt the market.　　There are now 17.81 million Ether staked on the Beacon Chain. At a current price of $1,776, which means $31.6 billion can be incrementally unlocked over time.　　While the Ethereum Foundation described the last testnet run

2023-03-29Ethereum

Tested on Ethereum, StarkWare’s Zero-Knowledge Proofs Are Now Live on Bitcoin

The newly launched ZeroSync Association is bringing zero-knowledge proofs (ZKPs) to (BTC), allowing users to validate the state of the network without the need to download hundreds of gigabytes of blockchain history or trusting a third party.　　Based in Zug, Switzerland, the ZeroSync Association is a non-profit entity supported by various community stakeholders, including core contributors Robert Linus, Tino Steffens, Lukas George, and Max Gillett, as well as supporting partners, such as Lightning Labs, among others.　　For the first version of its software, ZeroSync is using Cairo, the programming language brought to life by StarkWare, the Israeli-based company developing popular Ethereum layer-2 scaling solutions StarkEx and StarkNet.　　“ZeroSync is the first production attempt to radically upgrade the Bitcoin protocol,” StarkWares ecosystem lead Louis Guthmann told I-decrypt. “It would transform the way people think about the system at a fundamental level.”　　Commonly referred to as zk-STARKs, StarkWares version of ZKPs does not require the potentially vulnerable trusted setup phase, while claiming to be more scalable and efficient than zk-SNARKs—an iteration of ZKP used, for example, by the privacy-focused cryptocurrency Zcash.　　StarkWare initially deployed zk-STARKs exclusively on the blockchain, and seeing them go live on Bitcoin “is a logical next step,” according to Uri Kolodny, CEO and

2023-03-29Ethereum

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