Browsing:Ethereum

Binance Users Face Weeks-Long Delays for ETH Withdrawals After Shapella Downtime
1 year ago 1 min read

Binance Announces Delayed ETH Withdrawal Requests Following Shapella Upgrade

On April 13th, cryptocurrency exchange Binance revealed that Ethereum (ETH) withdrawal requests may take several weeks to process. This announcement was made just a day after the Shapella upgrade went live on the Ethereum mainnet. The Shapella upgrade is one of the most highly-anticipated events in the crypto space for 2023. It enables ETH validators to withdraw their locked funds. However, Binance stated its need to set a daily redemption quota for each user due to the Ethereum network’s processing limitations. Binance, the world’s largest crypto exchange by trading volume, announced that its users will be able to redeem their

Ethereum's surge in price has caused a drop in Bitcoin’s (BTC) dominance rate
1 year ago 1 min read

Ether Surges After Shanghai: Bitcoin’s Dominance Falls From 21-Month Peak

Ether (ETH) has been making waves in the cryptocurrency market recently. After the successful deployment of the long-awaited Shanghai upgrade, ETH’s price rallied above $2,000 late on Wednesday. This surge in price has caused a drop in Bitcoin’s (BTC) dominance rate, which had risen to an almost two-year record high. According to data from TradingView, BTC’s dominance rate rose to as high as 49.06% early on Wednesday, before retreating to 48.12% as ETH’s price continued to rise. This is the first time in over 21 months that BTC’s dominance rate has been around the 49% level. In contrast, ETH’s dominance

EOS and Ethereum Networks Achieve Interoperability Through the Revolutionary EOS EVM
1 year ago 1 min read

EOS EVM Enables Cross-Chain Interoperability Between Ethereum and EOS Networks

The EOS Network Foundation (ENF) has announced the beta launch of the EOS EVM Mainnet, a development that aims to improve interoperability between the Ethereum and EOS blockchain ecosystems. This is expected to solve the scalability issues that Ethereum faces, which hinders mass-scale DApp deployment. EOS EVM allows developers to deploy decentralized applications written in Solidity, the programming language used by most web3 developers. The EOS EVM Mainnet launch is expected to bridge the gap between the Ethereum community’s resources and the high performance of the EOS Network, resulting in a more interoperable future. According to Yves La Rose, the

The Ethereum Shapella upgrade was successfully completed on April 12
1 year ago 1 min read

Ethereum Pending Withdrawals Surpass $1.6 Billion, Releasing Over 80,000 ETH Daily

The Ethereum Shapella upgrade was successfully completed on April 12, allowing stakers to withdraw their staked ETH for the first time since the launch of the Beacon Chain contract. However, the withdrawal requests have increased rapidly in less than 24 hours, causing the amount of ETH expected to be released back into the market to rise significantly. Currently, there are over 822,000 ETH requests for withdrawal, which is equivalent to more than $1.6 billion at current prices. Token Unlocks predicts that around 88,000 ETH could be released daily, adding over $330 million worth of liquid ETH to the market. Despite

The price of Ether (ETH) shot up to around $2,000 and experts believe the withdrawals were in line with expectations.
1 year ago 1 min read

Ethereum Shanghai Upgrade Triggers Ether Withdrawals, But No Mass Exodus

After the successful completion of the Shanghai upgrade, holders of Ether began withdrawing their tokens, with over 53,320 Ether (US$102 million) already taken out. The price of Ether (ETH) shot up to around $2,000 and experts believe the withdrawals were in line with expectations. The upgrade allows validators to withdraw their staked Ether and receive a passive income, usually in the form of more tokens. Analysts estimate that withdrawals may reach 105,680 Ether in the next 12 hours, but the daily system limits on how much staked Ether can be withdrawn may prevent a sell-off of the token. Ether was

Shanghai Upgrade Unlikely to Impact ETH Price, Says Ether Capital CEO
1 year ago 1 min read

Ethereum’s Shanghai Upgrade Expected to Have Little Effect on Price, Says Ether Capital CEO

Brian Mosoff, CEO of Ether Capital, a technology company focused on the Ethereum network, believes that the upcoming Shanghai hard fork is unlikely to have a significant impact on the price of ether (ETH). The network’s Shapella upgrade, which is scheduled to take place on April 12, will allow users to withdraw the ETH they have staked in the Ethereum blockchain’s consensus system. While there is a lingering fear in the market that the unlocking of staked ETH could lead to a rush to liquidate and pressure on ETH’s price, Mosoff doesn’t see this happening. In fact, he believes that

Ethereum staking deposits have fallen recently
1 year ago 1 min read

Ethereum staking deposits see drop amid regulatory and network upgrade challenges

Ethereum staking deposits have fallen recently as a result of regulatory pressure and the upcoming Shapella upgrade scheduled for April 12. On-chain analytics firm Glassnode has reported that deposit activity is currently low due to these factors. The US Securities and Exchange Commission’s crackdown on staking and classification of ETH as security has added to the decline in staking deposits. The Shapella hard fork, also known as the Shanghai hard fork, will allow the phased release of ETH staked on the Beacon Chain, which is also impacting deposit activity. Lido, the liquid staking platform, has emerged as the dominant player

the Tron (TRX) protocol has surpassed Ethereum (ETH) in terms of social interest
1 year ago 1 min read

Tron Surpasses Ethereum in Key Metric: What This Means for TRX Growth

According to recent data from Google Trends, the Tron (TRX) protocol has surpassed Ethereum (ETH) in terms of social interest. The comparison of the keywords TRC20 and ERC20 showed that Tron’s keywords had a significantly higher interest level. In addition, the weighted sentiment for Tron has improved, indicating a positive outlook from the crypto community towards TRX. The recent interest in TRX from whales, or large address holders, has also contributed to the positive sentiment and price surge of TRX. However, the concentration of whales holding TRX could potentially lead to the centralization of the network and expose retail investors

Bitcoin and Ethereum Continue to Rally
1 year ago 1 min read

Bitcoin (BTC) is up 2.8% and Ethereum (ETH) surges 5.7% on April 10

Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, have both experienced significant price surges in the past few days. As of April 10, Bitcoin is trading at around $29,000, while Ethereum is trading at around $1,900. Bitcoin’s price rally began on April 7, when the cryptocurrency experienced a sudden spike in value, rising by over 5% in just a few hours. The price increase continued over the following days, with Bitcoin breaking through the $28,000 barrier on April 9 before hitting the $29,000 mark shortly afterward. The surge in Bitcoin’s price is largely attributed to renewed interest from

Bitcoin’s price has climbed back above $28,000
1 year ago 1 min read

Stacks (STX) Skyrockets by 7% in a Day While Bitcoin (BTC) Reclaims $28K

Bitcoin’s price has climbed back above $28,000 after a recent dip, and altcoins are also slightly in the green. The most significant increase has been in Stacks (STX), which has soared by 7% in a day. Last week, Bitcoin experienced massive volatility that brought it south by over a grand, but it recovered slightly and traded calmly in the following days. Bitcoin spiked to just under $29,000 on Wednesday, but bears intercepted the move and pushed the asset south. However, BTC returned to around $28,000 and spent most of the next several days around that line. Ethereum is up by

Ethereum's Hard Fork in Shanghai Boosts Bullish Sentiment for ETH Price Against Bitcoin
1 year ago 1 min read

Ethereum Shanghai Hard Fork: Experts Predict ETH to Outperform Bitcoin in April

Ethereum’s Ether token experienced a 7.5% decline in its Bitcoin pair in 2023. However, things are looking up for ETH/BTC as the highly anticipated Shanghai hard fork upgrade is set for April 12. This upgrade will enable Ethereum stakers to withdraw approximately 1.1 billion ETH in rewards, valued at over $2 billion as of April 8. Many industry experts view the Shanghai hard fork as a bullish long-term development for Ether. It has already helped ETH outperform Bitcoin in April, with the ETH/BTC pair rising by around 4.75% month-to-date to reach 0.066 BTC as of April 8. The upside move

Layer-2 Solution zkSync Recovered $1.7M
1 year ago 1 min read

Layer-2 Solution zkSync Recovered $1.7M in ETH from Smart Contract

Gemholic, an ecological project that raised 921 ETH in an IDO on layer-2 protocol zkSync, faced issues withdrawing its Ethereum due to an incompatibility with the transfer function, resulting in more than 900 ETH getting stuck in a smart contract. The protocol’s team offered to help Gemholic recover its $1.7 million worth of Ethereum, assuring that the funds were safe. zkSync is not EVM equivalent, which caused the incompatibility. The smart contracts were deployed on zkSync without being tested first. zkSync warned about the Solidity transfer function in 2019. The team identified an elegant solution to solve broader gas-related problems,

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