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.
Stay up to date with the latest ethereum news and information on Coinspeaker as we bring you breaking news on ethereum price, market capitalization, wallets, dApps, smart contacts, and its blockchain.
About 649 Ethereum has been moved to Paxos by Vitalik Buterin in his continuous ETH selloff move
Ethereum has surged above $2,600, with one trader making an impressive $554,000 profit from smart trades.
Ethereum’s scalability push is gaining momentum with a Vitalik Buterin sponsored plan to increase Blob count.
The Genesis creditor with the wallet address 0x999…46E has received the largest compensations from the repayment process and has been offloading ETH over the past month.
Crypto bettors are speculating about another rate cut, with Polymarket showing a near-even split: 43% expecting a 50 bps cut and another 48% anticipating a 25 bps reduction.
Ongoing sell-offs may threaten retail investor confidence and market stability.
Ethereum has recently come under the spotlight as crypto enthusiasts raise worrying questions about its fading popularity.
The supply of Ethereum on centralized exchanges has remained stagnant since March this year, despite the approval of US spot Ether ETFs.
Binance’s rebuttal comes amid growing frustration over the stolen funds.
The upcoming testimony of the US SEC Commissioners might involve talks about Ethereum and its securities status.
Meanwhile, the whale is not alone in this wave of large ETH movements. In the last 24 hours, two other Ethereum whales have also moved substantial amounts of ETH to Coinbase, likely preparing to sell.
Ethereum’s value relative to BTC has declined 53% since the Merge in September 2022.
Ethererum’s current funding rate, approximately 0.0056%, has returned to levels seen in September 2023, after which the ETH price has reached 166% in six months.
Institutional staking firm Attestant said that Ethereum could grab some of this mindshare through a mix of better value proposition and refined marketing.
Buterin’s actions come at a time when Ethereum whales, large holders of the cryptocurrency, are also making significant moves.