Ethereum – Page 69

Waiting for ETH Merge culmination? This news might excite you

The Ethereum [ETH] Foundation recently announced that the last and final major Bellatrix upgrade will be released on 6 September. This has caused another wave of excitement among enthusiasts. Not only did this development increase social activity, but it also affected ETH’s price action positively. At the time of writing, ETH was trading at $1,710 with a market capitalization of $206,597,559,958. Thus, showing a 4.85% increment in its 24-hour performance. Source: CoinMarketCap

Insights into Bellatrix upgrade

Bellatrix is scheduled on the Beacon Chain...

Binance Confirms Support for Post-Merge Ethereum Fork

Key Takeaways

Binance plans to credit users’ accounts with tokens from any forked versions of Ethereum created during the network’s merge. In such a case, Binance would continue using the “ETH” ticker to represent the planned Proof-of-Stake version of Ethereum. Binance also confirmed that it will suspend deposits and withdrawals for ETH and ERC-20 tokens in the lead-up to the Merge to protect users' funds.

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Binance also plans to use the “ETH” ticker for the planned Proof-of-Stake version of...

$ETH: Cumberland Says After the Merge $20M/Day of Miner Selling Pressure Is Gone

On Thursday (August 25), Cumberland, which is “a specialized cryptoasset trading company within DRW, a diversified principal trading firm”, commented on the crypto market in general, and in particular about the potential ramifications of Ethereum’s upcoming “Merge” upgrade, which marks the transition from proof-of-work (PoW) to proof-of-stake...

Coinbase introduces Wrapped Staked ETH: Here’s what you need to know

Popular crypto-exchange Coinbase announced on Wednesday the release of cbETH, its new wrapped and staked Ethereum ERC-20 token. The timing of this announcement is interesting, especially with the Ethereum Merge now on the horizon. “Coinbase Wrapped Staked ETH (cbETH) is a utility token that represents ETH2, which is ETH staked through Coinbase. cbETH can be sold or sent off-platform, while ETH2 will remain locked-up until a future protocol upgrade.” According to the exchange’s tweet,...

Merge & Diverge: Five Tokens That Could Outperform Ethereum

Key Takeaways

Ethereum is scheduled to ship its landmark "Merge" event in September, which should bode well for ETH. Several Ethereum-adjacent projects with smaller market capitalizations could also see the benefit and end up outpacing ETH following a successful Merge. Liquid staking, NFTs, MEV, infrastructure, and Layer 2 are some of the key areas to watch closely.

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If Ethereum’s “Merge” event is successful, ETH should benefit. But there are many other lesser-known projects and tokens that could...

Ethereum Bug Bounty Rewards Jump by 4x Ahead of Merge Upgrade

As Ethereum developers gear for the Merge upgrade next month, the Ethereum Foundation wants to make sure that there are no bugs that remain unaddressed. As a result, the Ethereum Foundation has literally quadrupled the bug bounty rewards for friendly hackers who would discover any important bugs in the Ethereum code. So far, the bug bounty program was offering payments up to $250,000 along with a place on Ethereum’s leaderboard for uncovering critical errors. As per a Bloomberg report, the...

Coinbase Introduces Wrapped Staked ETH Token

Key Takeaways

Coinbase has announced cbETH, a liquid wrapped token that will represent ETH staked on its platform. Coinbase intends for users to circulate cbETH, as staked ETH might otherwise remain locked until 2023. The company says that it will compete with another major liquid staking platform, presumably Lido.

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Coinbase has announced that it will launch its own wrapped token in advance of Ethereum’s upcoming merge.

Coinbase Announces cbETH

Coinbase announced on Wednesday that it will introduce a token...

Tether Won’t Freeze Tornado Wallets Unless Directly Ordered

Key Takeaways

Tether announced today that it will not freeze Tornado Cash addresses unless it is ordered to do so. The stablecoin issuer said that it is working with law enforcement but has not received freeze orders. Tornado Cash is an Ethereum coin mixer whose addresses were sanctioned by OFAC earlier this month.

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Stablecoin firm Tether said today that it would not freeze Tornado Cash addresses without specific orders from law enforcement.

Tether Has Not Received Freeze Orders

Tether says it has not...

$ETH: Ethereum’s “Merge” Upgrade Could Come As Early as September 10

Until today (August 24), it was widely believed that The Merge upgrade, which marks the Ethereum network’s transition from proof-of-work (PoW) to proof-of-stake (PoS), would be completed on September 15 or September 16. Here is how Ethereum Foundation explains The Merge: “The Merge represents the joining of the existing execution layer...

Bitcoin Bear Market On Pace With Its Worst –

Crashing from an all-time high at around $69,000, Bitcoin has lost over 70% of its value since November 2021. New data reveals that BTC’s price might have entered one of its worst bear markets since its inception, as the cryptocurrency loses critical levels and remains trading in the red on high timeframes. At the time of writing, Bitcoin trades at $21,600 and records a 10% loss over the past 7 days. The entire sector is experiencing downside price action and...