Browsing:ETH

The US SEC considers classifying Ethereum as security
1 month ago 1 min read

The US SEC considers classifying Ethereum as security; probes into Foundation intensify

The US SEC is considering labeling Ethereum (ETH) as a security token, following a report by Fortune. Meanwhile, investigations are targeting the Ethereum Foundation for alleged illegal actions. According to CoinDesk, the Foundation received a confidential inquiry from an unknown regulatory authority, but the details remain under wraps. Additionally, online investigator Boringsleuth hinted at the Foundation’s involvement in the 2016 Gatecoin hack on X, where 185,000 Ethereum and 250 Bitcoin were lost. Also, blockchain analysis suggests the stolen funds ended up in a wallet tied to the Foundation. An independent law firm is also investigating the Foundation’s alleged link to

Bitcoin (BTC) reached a new high of $73,709
1 month ago 1 min read

Bitcoin surges above $73,700 mark, reaching another high

Bitcoin (BTC) reached a new high of over $73,700, marking its fourth high in six days, driven by increased investments in US-based exchange-traded funds (ETFs) associated with the digital currency. The total net inflow into BTC spot ETFs reached an unprecedented $1.06 billion on March 12. Blackrock’s IBIT product amassed a record $849 million inflow. This renewed enthusiasm for crypto has boosted other digital currencies, with Ethereum seeing over 3.5% increase to around $4,080 and a 75% rise since the start of the year. Moreover, the Ethereum blockchain ecosystem is set to become more accessible with a significant software update

Ethereum's (ETH) price has risen 4.92% in the past 24 hours to $4,003
2 months ago 0 mins read

Ethereum crosses $4K after surging by over 5%

Ethereum’s price has risen 4.92% in the past 24 hours to $4,003, with a 17.0% increase over the past week. The second-largest crypto by market cap has an all-time high is $4,878.26, which means the coin has a long way to go before hitting a new ATH. Additionally, the chart compares price movement and volatility over the past 24 hours and week, using Bollinger Bands to measure volatility. Furthermore, trading volume has fallen 0.0%, while the overall circulating supply has increased 0.25%, bringing the circulating supply to 120.11 million. ETH’s current market cap ranking is #2 at $479.62 billion. The

Ethereum's total supply declines $250 million in the last week
2 months ago 2 mins read

Ethereum’s total supply declines $250 million in the last week

Ethereum‘s total supply has declined by 32,000 eth in the last week and 66,000 in the last 30 days, totaling more than $250 million. This has resulted in Ethereum exhibiting some momentum, with the ratio gaining on Bitcoin and reaching 0.058 BTC earlier today. Ethereum is still far from its all-time high, but a network upgrade next week will improve scalability for second layers by introducing prunable storage. Developers are considering decreasing issuance by lowering the staking payout to make it less appealing as it approaches 31 million eth locked in validators. The decline in supply occurs as base fees

The Ethereum Foundation has announced that the Dencun network upgrade is set to go live on the Ethereum mainnet
2 months ago 1 min read

Ethereum announces Dencun upgrade is officially live on all testnets

The Ethereum Foundation has announced that the Dencun network upgrade is set to go live on the Ethereum mainnet on March 13, 2024. The upgrade, which follows the Shapella upgrade, includes major changes to both the consensus and execution layers of Ethereum Network, detailed in EIP-7569. Some important changes to the protocol include: EIP-1153 for transient storage opcodes, EIP-4788 for beacon block root in the EVM, EIP-4844 for shard blob transactions, EIP-5656 for memory copying instruction. Plus, EIP-6780 for SELFDESTRUCT only in the same transaction, EIP-7044 for perpetually valid signed voluntary exits. In addition, EIP-7045 for increase of the maximum

three Ethereum (ETH) whales have transferred around $64 million worth of ETH from centralized exchanges (CEX) Binance and Kraken
2 months ago 1 min read

Ethereum whales moves $64M worth of ETH from major exchanges

Recently, three Ethereum (ETH) whales have transferred around $64 million worth of ETH from centralized exchanges (CEX) Binance and Kraken. This indicate a mix of security measures and investment strategies. The transaction that caught the attention of the crypto community involved an investor pulling 14,632 ETH, valued at around $45.5 million, from Binance exchange within a week, and staking the entire sum, indicating a strong belief in Ethereum’s future growth. On the other hand, Kraken exchange saw withdrawals totaling 6,000 ETH, worth $18.7 million, by two newly identified investors over two days. It is worth noting that another investor methodically

Reddit revealed that it holds BTC and ETH in treasury reserves
2 months ago 1 min read

Reddit invests in Bitcoin and Ether, and acquires Matic for virtual goods sales

Reddit Inc has revealed that it holds Bitcoin and Ether in treasury reserves, with Ether and Matic received as payment for sales of certain virtual goods. “We invested some of our excess cash reserves in Bitcoin and Ether and also acquired Ether and Matic as a form of payment for sales of certain virtual goods, which we may continue to do in the future,” the social media of the firm said, adding: Ether and Matic received from the sales of virtual goods was not material for the years ended December 31, 2022 and 2023. In addition, the company said they

Ethereum (ETH) surpasses $2,486
3 months ago 1 min read

Ethereum (ETH) price breaks $2,485 as anticipation grows for its game-changing Dencun upgrade

Ethereum (ETH) surpasses $2,486. The main cause of this large price movement is the increasing interest in Ethereum’s most recent network upgrade, the Dencun upgrade. The successful rollout of this upgrade on the Holesky testnet recently garnered media attention, marking a significant milestone before its eventual deployment on Ethereum’s mainnet, scheduled for March. The Ethereum development community has been working hard; earlier in January, tests were carried out on other testnets, such as Goerli and Sepolia. The Ethereum network is about to see major improvements thanks to the Dencun upgrade. The goal is to increase the network’s transaction handling capacity

Over $13 million worth of Ethereum (ETH) has been destroyed in the last 30 days
3 months ago 1 min read

Ethereum Network burns over $13 million worth of ETH in the last 30 days

The most recent data from the Ethereum network shows that there has been another deflationary trend in the supply of Ethereum (ETH). Over $13 million worth of Ethereum (ETH) has been destroyed in the last 30 days, according to the net supply change, which shows a drop of 5,619.39 ETH. The network’s burning mechanism, which has burned 74,933.24 ETH is the cause of this deflationary pressure. The consequences of this deflationary trend indicates that Ethereum’s surge is about to begin as it implies that there is less ETH available overall. If the demand remains constant or increases, might result in

Ethereum Whale's $46 Million Moves Raise Eyebrows Amid Market Volatility
3 months ago 1 min read

Ethereum whale transfers over $46 million in ETH across major exchanges

An Ethereum (ETH) whale has completed a series of transactions, orchestrating a significant transfer of funds across multiple platforms. These transactions, highlighted by the blockchain analytics platform Spot On Chain, involve a significant $46.02 million in ETH tokens, adding intrigue to the evolving dynamics of the crypto market. The ETH whale, using a network of eight wallets, began the movement of funds by withdrawing from major exchanges, including Binance and Bitfinex. With an average price of around $2,419 per ETH, the withdrawals signaled the start of a complex series of transactions. Following the withdrawals, the whale connected with Lido, a

Ethereum (ETH) Faces Critical Crossroads as Price Nears Key Support Zone
3 months ago 1 min read

Ethereum (ETH) Faces Critical Crossroads as Price Nears Key Support Zone

Ethereum (ETH), which recently reached a high of $2,717, is now at a crossroads as it faces a gradual decline. Crypto analyst Ali identifies a critical demand zone, ranging from $2,388 to $2,460, that holds the key to Ethereum’s current price trajectory. Ali emphasizes the importance of the demand zone between $2,388 and $2,460, describing it as a critical support level. The resilience of Ethereum in this zone could be a deciding factor for a potential upward movement, providing much-needed relief from the current bearish pressures. Analysts predict that if Ethereum can maintain its position within the identified demand zone,

Ethereum Drops Below $2,400
3 months ago 1 min read

Ethereum Drops Below $2,400: Will ETH Dip More?

Ethereum, the second-largest crypto, is under bearish pressure, having fallen 3% in the last 24 hours, with a current value of $2,337. Despite the recent downturn, Ethereum has reached a significant milestone by surpassing Bitcoin (BTC) in terms of long-term holders. While the increase in Ethereum’s long-term holders represents investor confidence and commitment, it has also sparked discussions about potential challenges. Concerns are raised about reduced liquidity and potential barriers to short-term price performance. This phenomenon, while beneficial during the accumulation phase, may slow down immediate price movements. Recent blockchain analytics from PeckShieldAlert have shed light on notable Ethereum transactions.

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