
Vitalik Buterin Sounds the Alarm on Sam Altman’s World
Ethereum co-founder Vitalik Buterin has raised red flags over Sam Altman’s Worldcoin project, arguing that its one-person-one-ID model threatens the core pseudonymity of crypto culture.
Ethereum co-founder Vitalik Buterin has raised red flags over Sam Altman’s Worldcoin project, arguing that its one-person-one-ID model threatens the core pseudonymity of crypto culture.
Ethereum traders are heavily positioned for upside movement as June 27 options expiry approaches, with significant call interest concentrated at $2,500 and $2,450 strikes while ETH trades around $2,438.
Ethereum displays concerning double top formation at $4,000 resistance with current price locked in symmetrical triangle near $2,424. Long liquidations exceed shorts as market awaits decisive breakout.
Ethereum climbed past $2,400 following a $8.9 million whale accumulation, marking an 18% increase in its 24-hour trading volume.
After 30 days of consistent inflows, BlackRock iShares Ethereum Trust (ETHA) recorded its first outflow of $19 million, selling 8,140 ETH on June 20.
Ethereum Foundation announced a $500,000 donation to support Tornado Cash founder Roman Storm’s legal defense, while pledging to match another $750,000 in additional community contributions.
Ethereum co-founder Vitalik Buterin has proposed Lean Ethereum to improve the network’s quantum security with backing from Justin Drake.
A significant portion of Ethereum tokens has entered the leading exchanges, hinting at a potential selloff.
The BlackRock iShares Ethereum Trust (ETHA) has registered nine consecutive days of inflows, amassing nearly half a billion dollars and reaching $3.7 billion AUM.
Ethereum’s on-chain metrics, along with a sustained 6% annualized premium in ETH futures, suggest a potential recovery to $3,000.
Ethereum price and trading volume are up, fueled by major whale accumulation and large exchange withdrawals.
About 15% of Ethereum validators are signaling support for an increase in the gas limit in the blockchain to help in the processing of more data by each block.
Ethereum’s price has climbed 50% in the past 15 days, with analysts stating that breaking past $2,900 is crucial for a sustained uptrend.
Ethereum continues to gain institutional attention, with Abraxas Capital acquiring an additional 46,295 ETH worth $115.3 million.
Despite a weekend price drop, Ethereum’s MVRV ratio has flipped bullish, signaling growing momentum for a potential price recovery.
Ethereum News Today
Ethereum is a public blockchain network that gave rise to the most popular altcoin; ether (ETH). The Ethereum platform was developed by Russian programmer Vitalik Buterin in July 2015 and it features smart contracts as well as an open-source nature that avails its users the choice of designing their programs without the interference of third parties or middlemen.
Ethereum’s Ether (ETH) was built on the ERC-20 protocol and it is ranked the 2nd digital currency based on market capitalization which currently stands at over 18.8 trillion USD. The coin serves as the network fees to miners on the Ethereum platform.
On its launch in 2015, there were 72 million ETH tokens pre-mined after its ICO raised over 16 million dollars in 2014. On 13th January 2018, ETH reached an all-time high of over 1,432 USD. Few months after its launch in 2015, ETH’s price dropped to its all-time low of 0.4209 USD on 21 October 2015.
Eth News
Interestingly, users can also create their custom tokens on the Ethereum blockchain network. This unique feature as seen the platform often referred to as the leading decentralized Apps (dApps) and smart contracts platform. Decentralized Apps are run and implemented precisely as programmed after it is set out on the Ethereum network; this makes it hard to censor and reduces their vulnerability to attacks. Ethereum emphases on running software design codes of dApps.
When it comes to decentralized finance in the dApps industry, Ethereum boasts of leading all other blockchain platforms in the number of applications developed. Ethereum has made significant attempts to solve the scalability issues in the crypto space in recent years and appears to be making progress in that regard.
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