Ethereum’s native token, Ether (ETH), is experiencing a significant drop in price against Bitcoin (BTC), reaching its lowest point in 15 months. This dip coincides with Ethereum’s transition to proof-of-stake (PoS) consensus mechanism, raising concerns about its future strength. With this context, it begs the question: Will Ethereum continue to weaken against Bitcoin throughout the
Ethereum
Ethereum (ETH) has been experiencing a decline in price and investor interest, raising concerns about its future prospects. In this article, we will delve into the factors contributing to this downward trend and explore the potential implications for the Ethereum ecosystem. Between October 6 and October 12, the price of Ether witnessed a significant 7%
In a recent blog post, the development team of Uniswap, the world’s largest decentralized crypto exchange by cumulative volume, announced the launch of a closed beta Android version of its mobile app. This move comes after Uniswap initially made its platform available only on PC and iOS devices. With over $1.7 trillion worth of trades
The world of cryptocurrencies and decentralized finance (DeFi) has been shaken by the recent loss of value in the real estate-backed stablecoin USDR. The project team behind USDR, called Tangible protocol, aimed to tokenize housing and other real-world assets through their decentralized platform. However, a series of redemptions resulted in a draining of liquid assets,
Today, Circle, the stablecoin issuer, has made a significant announcement that has sent ripples of excitement throughout the cryptocurrency community. Circle has started minting USD Coin (USDC) natively on the Ethereum layer-2 scaling protocol known as Polygon. This new development eliminates the need to bridge the stablecoin from Ethereum to another blockchain, making USDC more
Despite making gains of around 35% in 2023, Ethereum’s native token, Ether (ETH), has faced significant challenges in breaking above the $2,000 mark. This psychological resistance level has acted as a barrier multiple times, resulting in strong bearish rejections. The situation bears a resemblance to the bearish rejection near $425 in 2018-2019, where Ether was
The rise of Ethereum staking has been an undeniable trend in the cryptocurrency ecosystem. However, a recent report by JPMorgan raises concerns about the implications of this growth. The analysts led by senior managing director Nikolaos Panigirtzoglou highlight two key issues: increased centralization and lower staking yields. These factors have important implications for the Ethereum
The StarsArena Web3 app on the Avalanche network recently suffered a devastating blow as it fell victim to a malicious attack. Reports on social media platforms on October 5 revealed that StarsArena lost a significant amount of funds in the attack. The incident was first brought to light by a StarsArena user called Lilitch.eth, who
Blockchain analytics investigators have recently made significant progress in uncovering a cryptocurrency laundering operation. This operation involves an individual who is selling stolen tokens at discounted prices from recent high-profile exchange hacks. The investigators have managed to identify, make contact with, and gather information about this individual through their thorough investigations. In this article, we
Friend.tech, a decentralized social media platform built on Coinbase’s layer-2 protocol, Base, has recently reached impressive milestones in terms of revenue growth and total value locked on its platform. According to data from Dune Analytics, the platform’s revenue has surged to 10,663 Ether (ETH), and its total value locked (TVL) has exceeded 30,000 ETH as