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.
The broad crypto industry is expecting the green light for spot Ethereum ETF trading. It was earlier speculated that the Commission would give approval for the offering to go live on July 15 but it was not exactly so.
Kaiko said that the arrival of spot Ethereum ETf could further improve the liquidity conditions for ETH. Additionally, it could also help in reducing ETH price volatility over time.
The supply of Ethereum (ETH) on crypto exchanges is gradually declining as the staked Ether increases, thus escalating the supply crisis.
Analysts agree that the launch of ETH spot ETFs could act as a major catalyst for Ethereum price in the coming months.
Analyst Bluntz predicts Ethereum must reach $2,800 and complete an ABC corrective pattern before a significant upswing to $8,000.
While other crypto mixers have been shutting down amid regulatory pressures, Railgun has seen increased adoption and support.
The total number of staked ETH has continued to increase and sits near its all-time high as it stands at 33.3 million ETH or 27.7% of the total supply.
Despite the price volatility, market sentiment appears cautiously optimistic as evidenced by on-chain and derivatives metrics.
The Ethereum whale has just made a notable withdrawal of 16,449 ETH, approximately $50.3 million, from the Binance crypto exchange.
With the launch of the spot Ethereum ETF trading approval in view, Ethereum price has started kicking off.
Grayscale has kept the distribution process of the ETH Trust shares pretty straightforward for all the existing ETHE shareholders. The ETHE shareholders won’t need to initiate any extra action to receive the ETH trust shares.
$28.86 million Ether shorts and $29.61 million ETH longs were liquidated in the past 24 hours.
Golem’s ETH liquidations have the potential to significantly impact the market.
Ethereum is also facing major selling pressure. The cryptocurrency is trading around $2,830 zone.
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