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 exchange’s USDC balance was reduced from $3.4 billion on March 1 to $23.9 million by May 1.
The rush to launch Ethereum spot ETFs has sparked interest in the crypto community.
Ethereum has achieved a significant feat of $400 billion in secured value, generating annualized profits of $3.6 billion and a total of 17.8 million blocks of digital assets.
Galaxy Digital’s Mike Novogratz recommends strong exposure to Bitcoin, Ether, gold, silver, etc. for investors with high risk tolerance.
Hayes says ETH will skyrocket sometime in the next few years as the AI revolution strengthens and DAOs begin to form.
The funding comes at a time when investment in the crypto ecosystem is becoming scarce.
This license will allow FORGE to serve institutional clients’ needs for digital assets. The banking institution is the first to secure a license under France’s new crypto rules.
Despite the general market sentiments, ETH has gained over 50% since the start of the year.
The Celo blockchain currently seeks to transition from an independent layer-1 blockchain to an Ethereum layer-2 solution.
The developer will allow users of Unstoppable Domains to purchase .eth domains without connecting an existing Ether wallet and simplify the management of ENS Domains.
Ethereum (ETH) price gained over 7.3 percent to trade around $2,010 on Friday with XRP and XLM up more than 60 percent in 24 hours.
Goldman Sachs reported that the total monthly Bitcoin inflows from miners to centralized exchanges almost doubled from May to $99 million in June.
The settlement of the ETH/BTC ratio futures will be linked to the value of CME Group Ether futures final settlement price, divided by the corresponding CME Group Bitcoin futures final settlement price.
3iQ intends to offer staking for its Ether Fund and 3iQ Ether ETF with the help of Coinbase Custody Trust Company in a regulated manner.
In addition to Rollux, the SYS Labs ecosystem encompasses several other key components that contribute to its robust nature.