Browsing:Ethereum

Ethereum has seen substantial gains in the past 24 hours
1 year ago 1 min read

Ethereum Surges to 8-Month High

Bitcoin and Ethereum, two of the largest cryptocurrencies by market capitalization, saw significant price movements in the past 24 hours. While bitcoin initially experienced a slump after news of Interpol issuing a Red Notice on Binance’s CEO, it has since regained its value and even soared to almost $29,000. The recent FUD (Fear, Uncertainty, and Doubt) surrounding Binance has had a temporary impact on Bitcoin but it was quick to recover. On the other hand, Ethereum has seen substantial gains in the past 24 hours, rising to an eight-month high above $1,900 ahead of the long-anticipated Shanghai upgrade. This price

Binance users can now withdraw funds after resolution of spot trading bug
1 year ago 1 min read

Binance restores withdrawals after resolving bug that impacted spot trading

Binance, the largest crypto exchange in the world, faced a technical bug that disrupted spot trading, deposits, and withdrawals earlier today. The issue reportedly affected a trailing stop order and prompted the exchange to halt spot trading as part of its standard operating procedure. Binance users took to Twitter to raise the issue, following which the exchange disabled spot trading to work on the problem. CEO Changpeng Zhao confirmed that one of Binance’s matching engines had encountered the bug, but assured users that their funds were “SAFU.” During the outage, malicious elements spread FUD about the crypto exchange, claiming they

Scammers have already started targeting the Arbitrum community
1 year ago 1 min read

Scammers target Arbitrum community with fraudulent airdrops

The Ethereum layer-2 scaling solution, Arbitrum, is set to launch an airdrop of its governance token “ARB” on March 23. However, scammers have already started targeting the community with hundreds of phishing scams. The community has raised concerns about fraudulent airdrops aimed at tricking crypto users. The Arbitrum Foundation announced the airdrop on March 16, which will see 10 billion governance tokens distributed to holders to vote on code changes. The development has led to scammers setting up fake token airdrops with the intention of stealing funds from unsuspecting victims. Blockchain security firms Redefine and CertiK have warned about the

Vitalik Buterin’s Call for a Better User Experience in Ethereum and Beyond.
1 year ago 1 min read

Vitalik Buterin Calls for Greater Efforts to Enhance Ethereum’s User Experience

Vitalik Buterin, the creator of Ethereum said the worst-case scenario is more important than the average case when it comes to UX. In a recent blog post, he argued that a UI that looks sleek but fails to explain a rare but significant problem is worse than a UI that exposes more gritty details to the user. Even if the latter option may not look as polished, it makes it easier for users to understand what’s going on and fix any problems that arise. This is particularly relevant in the world of cryptocurrency, where the consequences of a poor UX

Ethereum
1 year ago 2 mins read

Vitalik Buterin Discusses How Ethereum Could Enhance User Experience

Ethereum has been facing a host of challenges lately, with the network experiencing issues such as high transaction fees, payment delays, and a poor user interface. According to Ethereum’s founder, Vitalik Buterin, the solution to these problems lies in improving the user experience. In a recent blog post, Buterin recounted his personal experience with the Ethereum network, which was less than satisfactory. He highlighted the difficulties he faced when trying to pay for tea in Argentina in 2021, where the minimum deposit was higher than the value of the tea. Despite his attempt to complete the transaction with a higher

The Ethereum blockchain is inching closer to its highly anticipated Shanghai upgrade
1 year ago 1 min read

Shanghai Hard Fork Simulated Successfully on Second Ethereum Testnet

The Ethereum blockchain is inching closer to its highly anticipated Shanghai upgrade, thanks to the successful replication of withdrawals of staked ether (ETH) on the Sepolia test network. The upgrade will mark Ethereum’s complete transition to a fully functional proof-of-stake network, which will enable validators to withdraw rewards earned from adding or approving blocks to the blockchain. The test on Sepolia was designed to provide developers with another dress rehearsal of the withdrawals that will happen on the main Ethereum blockchain. Testnets copy a main blockchain and allow developers to test any changes to their applications in a low-stakes environment.

Upcoming Shanghai Upgrade for Ethereum to be Tested on Sepolia Testnet
1 year ago 1 min read

Ethereum Developers Set to Test Shanghai Upgrade on Sepolia Testnet on Febeuary 28

The Ethereum blockchain, one of the most popular decentralized networks, is set to undergo an upgrade known as the Shanghai-Capella upgrade, or Shapella for short. The core developers of the blockchain have scheduled the launch of the upgrade on the Sepolia test network for February 28 at epoch 56832, according to an official announcement. The upgrade is primarily aimed at enabling ether (ETH) withdrawals from network validators, a feature that wasn’t enabled during the network’s transition to proof-of-stake consensus, called The Merge. The upgrade combines changes to the execution layer (Shanghai) and the consensus layer (Capella). Shanghai will upgrade the

DAM Finance’s Global Liquidity Infrastructure Live on Ethereum and Polkadot Mainnet
1 year ago 1 min read

DAM Finance’s Global Liquidity Infrastructure Live on Ethereum and Polkadot Mainnet

Miami, Florida, 9th February, 2023 Users can leverage the decentralized liquidity layer to teleport DAM’s omnichain stablecoin d2o from Ethereum to Moonbeam on Polkadot.  Today, DAM Finance, a global shared liquidity layer, announced its decentralized, multi-chain liquidity infrastructure is live on Ethereum and Moonbeam, a Polkadot parachain. The launch marks a significant milestone in DAM’s roadmap, featuring the first of several multi-network decentralized applications designed to improve value mobility across the fragmented digital assets space.  With the mainnet live, users can immediately access native stablecoin liquidity on Polkadot by minting the platform’s d2o stablecoin on Ethereum and seamlessly teleporting it

UK Banks block crypto access
1 year ago 1 min read

UK Financial Institutions Cite Fraud, Volatility as Reasons for Blocking Crypto Access

UK bank executives have blocked customer access to crypto assets due to concerns over fraud and volatility, according to testimony given to the Treasury Select Committee. NatWest CEO Alison Rose stated that the bank has taken a “pretty hard line” on crypto, blocking both retail and wealth customers from transferring into crypto due to the volatility and stability of the platforms. Rose also noted that fraud originating from social media and technology platforms was a significant concern. Other bank executives, such as Lloyds CEO Charlie Nunn, expressed support for new regulations in the sector, but expressed skepticism about cryptocurrencies themselves.

Brazil has drafted a guide for prosecutors and law enforcement to confiscate crypto
1 year ago 1 min read

Brazil Grants Police and Prosecutors Authority to Confiscate Crypto

The Brazilian Federal Public Ministry (MPF) has drafted a guide for prosecutors and law enforcement to confiscate cryptocurrency, according to an official release. The MPF presented the guide to the Criminal Chamber and dedicated crypto units, and representatives from the National Council of Justice, the Federal Police, and the tax agency also saw the proposal. The MPF emphasized the growing significance of crypto in the legal field and aims to get feedback from law enforcers and tax officials soon. Furthermore, the guidelines could be adopted immediately by prosecutors if the Criminal Chamber approves the proposal. The MPF is also preparing

Ethereum Shanghai Upgrade
1 year ago 1 min read

Zhejiang Launches Ethereum Staking Withdrawal Testnet for Shanghai

The Zhejiang public testnet is set to launch on February 1st at 15.00 UTC, offering users a chance to experience the withdrawal process and network functionality after the upcoming Ethereum Shanghai upgrade. The testnet will be used to deposit funds to validators and familiarize users with the interface, with trial withdrawals set to begin on February 7th. The Shanghai upgrade is a highly anticipated event on the cryptocurrency calendar and is expected to boost Ethereum staking, as the phased release of ETH staked on the Beacon Chain for up to 26 months will no longer be locked up. Currently, 16.3

"EthBoy" NFT collection in celebration of Ethereum co-founder
1 year ago 1 min read

The Evolving Art of EthBoy NFT Paintings: Edition 4 Unveiled!

Artist Trevor Jones is releasing the fourth edition of the generative artwork “EthBoy” in celebration of Ethereum co-founder Vitalik Buterin’s birthday. The latest edition, titled “TRANSCEND,” was created in collaboration with Grammy-winning DJ Sasha and will be displayed in London. The NFT, which is part of the “ETHEREAL” collection, changes over time in response to Ethereum’s price and network gas fees. Jones partnered with artists Alotta Money and DJ Don Diablo to release a new Ethboy iteration every six months for the next five years. The first edition of EthBoy sold for 260 ETH ($141,536) in 2020. The goal of

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