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.
According to security experts, this recent transaction may be used for further illicit activities.
The recent uptick in open interest highlights a return of confidence among traders, possibly influenced by significant developments like the approval of Ethereum ETFs.
Simplifying the denomination helps reduce confusion and enhances the user experience.
Schiff expressed his concerns about gold and silver, stating that they are not immune to market sell-offs.
The ongoing crypto correction led by Ethereum triggered nearly $300 million in liquidations, mostly involving long traders.
10X Research identified Ethereum as a weak link in the crypto market, noting that its fundamentals, including user growth and revenue, have been stagnant or declining.
Ethereum is also following the same trajectory that Bitcoin did after the approval of the spot BTC ETFs earlier this year.
The recent Ethereum (ETH) paper focused on a few areas that could help builders win blocks and make money.
With its ETHW initiative, Bitwise expressed excitement aimed at supporting the ongoing efforts of those dedicated to improving Ethereum’s security, scalability, and usability.
Analysts estimate that the demand for Ethereum ETFs could reach between $5 to $10 billion in the first few months of trading.
After last week’s $45 million in inflows, Ethereum’s year-to-date inflows stand at a staggering $103 million. Ethereum ETF can prove to be an additional catalyst going ahead.
Giant whales are ready to dump over $120 million worth of ETH to profit from the ETH ETF launch speculation.
Unlike other altcoins, market sentiment around Ethereum remains on a high ahead of the looming ETF launch.
On July 16, 2024, US Judge Kevin Castel signed a document that reduced Virgil Griffith’s prison sentence from 63 months to 56 months.
Deribit has over $2 billion in open interest in its perpetual and futures markets within the past 24 hours. Since 2020, the exchange has accounted for 70% of the $35.7 billion of the total $51.1 billion Bitcoin options trading volume in April 2024.