Celo Blockchain Preps to Transition to Ethereum Layer-2 Network as Token Jumps Nearly 10%
The Celo blockchain currently seeks to transition from an independent layer-1 blockchain to an Ethereum layer-2 solution.
Focus on the ecosystem surrounding Ethereum, the second‑largest network by market cap. Get insights into network upgrades, smart‑contract innovations, DeFi and NFT trends, staking developments and other Ethereum news today.
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.
In conjunction with its decision to allow Bitcoin and Ethereum ETF trading, HSBC has launched the Virtual Asset Investor Education Centre.
The United States SEC has argued that almost all crypto assets are unregistered securities but experts see it differently for Bitcoin and Ethereum.
The crypto sector also saw its largest Bitcoin short squeeze since May amid a new high spurred by traditional interest in cryptocurrencies.
The developers led by Mike Neuder opine that a validator set contraction has positive implications for the beacon chain decentralization roadmap, the current p2p layer, and the validators.
An AWS outage shut down several apps and disrupted services, but did not disturb Ethereum despite hosting more than 64% of nodes.
The crypto market has turned bearish since the SEC charged Binance and Coinbase with listing unregistered securities last week.
The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities.
There are ongoing efforts to classify Ethereum. As of now, a final decision is yet to be reached regarding whether it should be considered a security or not. Considering the arguments, predicting the final outcome is challenging.