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.
Several major NFTs saw a surge in sales and transaction volumes yesterday, with at least one climbing over 1000%.
The major excitement around “Shanghai” is that this hardfork will allow investors to withdraw their ETH staked with validators.
Binance US may have established itself as an industry leader when it comes to low fees in crypto.
The Ethereum co-founder has heaped praises on the rise of decentralized blockchain identities, particularly within the ecosystem.
The markets, however, witnessed a significant sell-off due to the chaos created by the tweets regarding WETH’s insolvency.
Consensys is not the first company to collect more data from users.
In addition to the cyberattacks report, the attorney said several legal, cybersecurity, and blockchain analysis firms had come together to help FTX with the proceedings.
Funds stolen from FTX exchange are being converted and exchanges have been warned to keep their eyes peeled.
Matter Labs said that 150 projects have showed the intent to integrate zkSync technology as part of scaling the Ethereum mainnet.
Prior to its collapse, FTX and its sister trading firm, Alameda Research put up the front as a lender of last resort and made attempts to save the bankrupt firms in the cryptocurrency ecosystem.
Notably, the accidental ETH transfer is not the first of its kind for Crypto.com. The crypto firm made headlines when it said it had accidentally sent AUD$10.5 million to a client.
Amid the FTX crisis, Genesis Trading said that its management is working to effectively handle the company’s lending book and credit exposure.
As part of his statement, the judge mentioned that the defendant had not invoked standard securities fraud claims in the case.
In contrast to MicroStrategy’s belief that there is no alternative to Bitcoin, the Blockchain Center believes that other cryptocurrencies perform better than that top crypto asset.
Henry Agua, who is the Chief Technical officer of the Union Bank, claims to be the first regulated bank in the country to inaugurate the trade of virtual tokens and assets.