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 CEO is much bullish on the transition to Ethereum 2.0 Proof-of-Stake (PoS) blockchain along with the rise of the DeFi market.
The optimism surrounding the upcoming London hardfork is driving the Ethereum prices higher. Furthermore, the rising DeFi and NFT activity on Ethereum fuels the price surge.
Amid the rising popularity of the CryptoPunk NFTs, scammers are targeting key players. A founder of an NFT videogame recently fell prey to one such bot scam on the CryptoPunks Discord channel.
With the uncertainty in the current investment ecosystem, Wealthfront says it is set to offer its customers an expert-backed recommended portfolio.
The Ethereum anniversary is coming as the network plans for the London upgrade scheduled for early August, also gearing up for ETH 2.0.
Even though Bitcoin’s trading volume is still higher than Ether’s, the year-on-year growth for the latter is breaking all records.
Ethereum hit the high, after climbing more than 8% in 24 hours and nearly 23% in one week, as several other assets also rise.
On the technical charts, Ethereum (ETH) has managed to break past the upper trendline of the Falling Wedge pattern. This sets a bull case scenario for a bounce up to $2,500.
It was Morgan Beller, co-creator of Libra, who connected the Optimist team to Vitalik Buterin. “I’ve always thought Buterin deserves to have his story out there,” he said.
By integrating the two technologies, it is expected that a platform for DeFi applications – which will compete with the usual web user’s experience – would have been created.
In another interesting development in Brazil, an asset management firm based in the country, Hashdex, is planning to launch a Bitcoin ETF whose goal is to combat the environmental concerns that come with Bitcoin mining.
The second-largest cryptocurrency prices went below $2K as US Inflation is surfing ahead and breaking all records.
SelfWealth, a non-bank broker listed on the Australian Security Exchange plans to open crypto trading for its customers, as reported by the Australian Financial Review.
Cryptopunk 5293 will be displayed in the Institute of Contemporary Art Miami, Florida, this summer as a legitimate NFT exhibit.
As per the recent disclosure under the 2012 Stock Act, Barry Moore’s crypto holdings stand anywhere between $5000-$75,000.