Ethereum’s price plunges 15% after the Merge despite bullish anticipation

EthereumBumaba ng 15% ang presyo ng Ethereum pagkatapos ng Merge sa kabila ng bullish anticipation09 / 20 / 2022Balita ng Ethereum ng Bitcoin  After undergoing the historic Pagsamahin ang pag-upgrade, the value of Ethereum (ETH) has continued to correct despite the event being touted as bullish for the assets price. The drop comes after the second-ranked cryptocurrency by market cap exhibited signs of rallying despite the prevailing depressed market conditions.  In particular, by press time, Ethereum was trading at $1,360, a drop of about 15% from the $1,600 price recorded on September 15 when the Merge upgrade was officially rolled out.  The impact of the Merge anticipation saw Ethereum surge by about 85% from June, when the price appeared to stagnate.  Ethereum 1-year price chart. CoinMarketCap.  Interestingly, Ethereums performance dwarfed Bitcoin (BTC) before the Merge, which has since struggled to stay above $20,000. However, after the upgrade, Bitcoin only dropped by about 3%.  Crypto research platform Kaiko noted:  “In what many expected to be a positive week for the price of ether, a successful Merge ended up preceding a significant sell-off of roughly 25% on the week.”  Bitcoin and Ethereum price chart. Source: Kaiko.  In this line, several factors have been fronted as the key triggers for Ether‘s drop,

2022-09-20Ethereum

Ethereum Name Service (ENS) Reclaims Eth.link Domain Name

EthereumBinabalik ng Ethereum Name Service (ENS) ang Eth.link Domain Name09 / 20 / 2022Balita ng Ethereum ng Bitcoin  U.S. district court in charge of the case approved ENSs request for an injunction.  Manifold Finance paid $851,919 to acquire the eth.link domain name.  Ang Ethereum Name Service (ENS) anounced late on Sunday that it had reclaimed possession of the eth.link domain name after a successful injunction against domain supplier GoDaddy.  Last month, ENS‘s parent firm, True Names Ltd., and eth.link’s former owner, Virgil Griffith, sued domain name registrars GoDaddy, Dynadot, and Manifold Finance. The ENS claims that GoDaddy breached their contract by failing to “respect, acknowledge, and protect” the eth.link name by transferring. It to rival domain name registrar Dynadot before its expiry date and offering it for auction.  Services Finally Restored  The Domain Name System, or DNS, is what web browsers use to conect to websites. And it is conected to by ENS through the eth.link domain. Through the EthLink service, “.eth” domain owners may set up standard-browser-accessible webpages at their own ENS names. ENS and its users experienced disruption in service due to the loss of the eth.link domain.  The situation, however, has resolved. The EthLink services have restored after the U.S. district court in charge

2022-09-20Ethereum

Macro Guru Raoul Pal Says One Ethereum Rival May Become Crypto Giant in Next Cycle

crypto EthereumSinabi ni Macro Guru Raoul Pal na Isang Karibal sa Ethereum ang Maaaring Maging Crypto Giant sa Susunod na Cycle09 / 20 / 2022Balita ng Ethereum ng Bitcoin  Macro expert and former Goldman Sachs executive Raoul Pal says that one Ethereum (ETH) competitor could outshine the rest in the next crypto bull run.  In a recent ask-me-anything session, Pal says that some of Ethereums biggest rivals will benefit the most from increasing crypto adoption when markets ultimately pick up again.  As adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well. So I think we‘re going to see ETH lead the charge, and then we’ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.  Pal predicts that competing layer-1s will perform like Ethereum did between 2020 and late 2021, and hes placing his chips in Solana (Sol) as the one to watch closest.  “I think a lot of these layer ones this time around will be like ETH in the last cycle. They‘ll end up becoming very large dominant chains. Which ones? I don’t really know. My bet is

2022-09-20Ethereum

Crypto app downloads fall 55% as bear market vibes hit the market

Dahil sa katotohanan na ang cryptocurrency market has been in the throes of a protracted oso market for the bulk of the last year, cryptocurrency applications have also witnessed a fall in interest, as seen by a considerable reduction in the number of app downloads.  Although cash advance apps have grown 69% year-over-year (YoY), more than other fintech sectors, the performance of crypto and retail investing apps was trending downward. Indeed, pangangalakal ng cryptocurrency at crypto wallet app downloads fell 55% YoY through Q3, according to data mula Apptopia inilathala noong Setyembre 19.  Crypto app downloads YoY. Source: Apptopia  The report notes that:  “Certain sectors of the fintech industry are being hit harder than others, while some are growing as opportunity (via inflation) presents itself.”  With money limited for plenty of people and the day-to-day costs increasing. It has also been claimed that individuals use “buy now, pay later” options for grocery shopping. The increase of new users, as seen by the above estimations about downloads from Apptopia, demonstrates that individuals are seeking to buy products they do not already have the cash flow for.  Crypto app downloads on the decline  Notably, a year ago, Finbold iniulat that crypto apps surpassed 50% of all U.S. investment app

2022-09-20Industriya

Ethereums Vitalik Buterin Explains Why DAOs Are Not Supposed to Function as Corporations

Alex Dovbnya  Ethereum‘s Vitalik Buterin argues that decentralized autonomous organizations shouldn’t function as corporations in order to remain efficient  Nilalaman  Ang mga pangunahing problema  Is Linux the answer?  Sa isang kamakailang blog post, Ethereum co-founder Vitalik Buterin argues that decentralized autonomous organizations (DAOs) shouldnt resemble corporations.  He rejects the argument that it is naive to assume that the ideas of decentralization do not work in the real world, which is why traditional corporate structures are supposed to be more efficient.  Buterin argues that concave decisions, which are made by relying on the wisdom of the crowds, are better than convex ones. Hence, he argues that DAOs with diverse input “make a lot of sense.”  Ang mga pangunahing problema  However, there are still some issues. As Buterin points out, the main challenge for DAOs s to solve the so-called “succession problem.” Such organizations have to make sure that they will still function if the original group retires.  According to Buterin, DAOs also have to deal with “unexpected uncertainty.” The Ethereum co-founder admits that governance-inspired approaches might seem better for solving such issues.  Buterin claims that some Mga DAO will have to resemble “constructs from political science.”  Is Linux the answer?  Venture capitalist Bill Gurley claims that the Linux Foundation is the model Buterin is

2022-09-20Ethereum

Ethereum Investors Act With Caution (Report)

EthereumEthereum Investors Act With Caution (Report)09 / 20 / 2022Balita ng Ethereum ng Bitcoin  The Merge, one of the biggest upgrades in the cryptocurrency industry, turned into a sell-the-news event. While the long-anticipated transition did not light a fire under the Ethers price, many experts believe it would offer some strong tailwinds in the future.  Nevertheless, investors are treading with caution. The figures come amid a relatively low activity week as a mixture of positive and negative flows by providers and assets continued to demonstrate a lack of engagement amongst investors at present.  According to the latest edition of Digital Asset Fund Flows Weekly, CoinShares iniulat that the flows aftermath of the Ethereum Merge flows indicated continued caution amongst investors. As such, the 4th week of outflows equaled $15 million, while the total numbers since the begining of the year stood at an astonishing $375.8 million.  However, the run of outflows has been quite minor and was recorded at $80 million.  Investors Remain Cautioned  After years of delays and setbacks, Ethereum finally transitioned to a Proof-of-Stake network rather smoothly. Data reveals that the amount of staked ETH has been on a consistent uptrend while network participation also remained high. Client diversity was also trending in the

2022-09-20Ethereum

Ethereums Vanity Addresses Drained of Over $3M Despite 1inchs Warning

EthereumEthereum‘s Vanity Addresses Drained of Over $3M Despite 1inch’s Warning09 / 19 / 2022Balita ng Ethereum ng Bitcoin  A hacker managed to steal $3.3 million worth of cryptocurrencies from several Ethereum addresses generated with the “Profanity” tool. The funds were drained even after the decentralized exchange aggregator 1inch warned users about discovering a severe vulnerability putting millions of dollars at risk.  It had previously advised users owning wallet addresses generated with the Profanity tool to transfer their assets to a different wallet.  1inch Security Report  In early 2022, 1inch contributors observed that Profanity used a random 32-bit vector to seed 256-bit private keys and suspected it could be unsafe. Upon further investigation, more suspicious activity was noted, signaling that Profanity wallets were compromised.  “The 1inch contributors checked the richest vanity addresses on popular networks and came to the conclusion that most of them were not created by the Profanity tool. But Profanity is one of the most popular tools due to its high efficiency. Sadly, that could only mean that most of the Profanity wallets were secretly hacked.”  According to 1inch, Profanity happens to be a popular and “highly efficient” tool with which users are able to create millions of addresses per second. However, the procedure

2022-09-20Ethereum

Pagsusuri ng Presyo ng Ethereum (ETH) para sa Setyembre 19

EthereumPagsusuri ng Presyo ng Ethereum (ETH) para sa Setyembre 1909 / 19 / 2022Balita ng Ethereum ng Bitcoin  Bulls could not seize the initiative for a long time as all of the nangungunang 10 barya nakabalik na sa red zone.  ETH / USD  The rate of Ethereum (ETH) has declined by 4.50% over the last 24 hours.  However, on the hourly chart, the situation is different. The price has made a false breakout of the local support level at $1,284, showing buyers pressure. If buyers can keep the rate above the $ 1,300 mark, there are chances for further growth.  On the daily time frame, the price has bounced off the mirror level at $1,287 against the increased volume. However, it is too early to think about a fast recovery as Ethereum (ETH) needs more time to accumulate power for a midterm rise. In this case, sideways trading in the range of $1,300-$1,400 remains the more likely scenario.  On the bigger chart, there is also a false breakout of the mentioned level; however, the week has just started and everything can change by Saturday. However, if a slow rise to the $1,400 zone starts, bulls have the chance to seize the initiative.  Ang Ethereum ay nakikipagkalakalan sa

2022-09-20Ethereum

Why Ethereum Classics [ETC] post-merge high is wearing off

EthereumBakit ang high post-merge ng Ethereum Classic [ETC] ay nawawala09 / 19 / 2022Balita ng Ethereum ng Bitcoin  Ang paglipat ng Ethereum network into a patunay-ng-taya consensus mechanism on 15 September caused some Ethereum-linked assets to record growth.  Following the merge, Ethereum Classic saw a boom in mining activity on its network as former miners on the Ethereum mainet sought new homes.  Ayon sa data 2miners.com, the surge in mining activity on the network caused the chain to set a new hashrate all-time high.  The price of its native coin, ETC, also rallied by 11% following the merge.  However, coming down from its post-merge ‘high,’ Ethereum Classic and the ETC coin have seen a decline in the past few days.  In case you thought the rally was real  Ayon sa data mula sa Minerstat, the Ethereum Classic hashrate stood at 199.4624 TH/s.  Following the merge, it rallied to an all-time high of 296.0848 TH/s. However, in just four days, the mining hashrate on the network declined by 48%.  This decline could be attributable to the further migration of the miners to the newly forked Ethereum proof-of-work network (ETH PoW).  Ayon sa data mula sa OKLink, 1,716,444,102 transactions have been processed on the forked network since its launch on 15 September.  Source:

2022-09-20Ethereum

Ethereum (ETH) & Solana (SOL) Become Most Staked Crypto Assets

The market capitalization of all staked crypto assets reaches almost $95 billion, with ETH and SOL nangunguna sa pack.  Ethereum (ETH) takes the trophy for the most staked crypto asset following the successful Merge of the Beacon Chain consensus layer with the Ethereum execution layer on Sep. 15, 2022, data from StakingRewards.com palabas.  The network with the second-highest staking transaction market cap is Solana, with $12.7 billion. Hot on its heels is Kardan with over $11 billion, Binance Smart Chain with over $5 billion, and Pagguho ng yelo with about $4.6 billion in locked assets. Rounding off the top ten blockchains are Polkadot, Kosmos Hub, Tron, Polygon, and Malapit sa Protocol. Of the top ten staked cryptocurrencies by market cap, Cosmos (ATOM) offers the highest yield of 17.89%.  Staking, the process of locking up crypto for an extended period to earn rewards, is also a way for transaction validators to jostle for a chance to add a new block to the blockchain. A deterministic algorithm selects a buko that has staked the most crypto to validate transactions.  In contrast, mining involves competing for a chance to add a new block of transactions to the blockchain using an energy-intensive computational process that has drawn concern

2022-09-20Ethereum
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