Ethereum News Daily Official TheBitTimes.com

Experts share their views on how the Merge would impact Ethereum’s scalability solutions in the form of layer-2 chains. Ethereum is just over a week away from officially moving to a proof-of-stake (PoS) blockchain with the Merge slated for completion around Sept. 13–15. With the transition, Ethereum would abandon its current proof-of-work (PoW) chain, eliminating miners from the ecosystem.  Ethereum is a vast ecosystem with thousands of decentralized applications and decentralized finance protocols working on top of it. Additionally, there are several layer-2 solutions, i.e., solutions built on top of the blockchain itself, the layer 1, to facilitate faster transactions and make Ethereum more scalable. The Merge would mark the completion of the second phase of the three-phase transition process. The upcoming event will only see the official change of consensus, where the Ethereum blockchain would start processing transactions on the PoS chain. However, there won’t be much impact on s...

DAO members vote and decide on the future of the story by minting, collecting and crafting panels and pages of comic book issues. The year is 2142 AD. A dystopian future controlled by corporations is rocked as the last Bitcoin (BTC) is mined, and Satoshi Nakamoto’s long-dormant wallet is awakened and used to dismantle their control. The physical, virtual and astral realms are all disrupted as entheogen spirits, angels and demons battle it out while artificial intelligence (AI) fights AI to liberate conscious entities in the Metaverse. That is the scene-setter for a nonfungible token-powered (NFT) comic book project spearheaded by an ambitious team of former game developers from Serbia. The Web3 platform marries the ever-popular collectibility of comic books with the world of NFTs to establish the lore of a virtual tabletop RPG board game that is in pre-production. Dušan Žica, CEO and COO of 2142, jumps straight into the project's premise in an exclusive interview with Cointelegrap...

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the potential collapse of the Grayscale Bitcoin Trust and its implications on the market. On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse . We start off this week’s show with the latest news in the markets: GBTC next BTC price black swan? — 5 things to know in Bitcoin this week Bitcoin (BTC), the largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the fallout from the implosion of exchange FTX. Contagion is the word on everyone’s lips as November grinds on — just like the Terra collapse earlier this year — and fears are that new victims of FTX’s giant liquidity vortex will continue to surface. Grayscale Bitcoin Trust (GBTC) seems to be on everyone’s radar this week for all the wrong reasons. Will it be the n...

The whole cryptocurrency market, including Bitcoin and Ethereum, reacted to the recent drama of the SEC and its scrutiny of cryptocurrency staking in the US. Kraken reportedly had to stop operating its cryptocurrency staking operations as a result of the SEC’s accusations. Additionally, Kraken was ordered to pay $30 million in settlement costs. Read more: Will Elon Musk- Manchester United Acquisition Become a Reality? The SEC claims that the exchange’s staking program, through which investors can earn a yield, was not permitted. Any of these exchanges, in Gensler’s opinion, can quickly register by filling out a form on the SEC website. Following the SEC drama, Ethereum’s price dropped by around 10% due to the series of events. Source: CoinMarketCap Ethereum drops below $1,500 The cryptocurrency market reacted negatively to the SEC’s announcement, as the market started trading in the red with single-digit losses. Ethereum also took a hit, dropping fro...

According to a recent Analysis , the transaction volume of the Ethereum whales has increased following the popular Ethereum scaling solution Arbitrum’s announcement on the airdrop of its new token ARB. Notably, the data from the analytical platform WhaleStats, the ETH whales transaction volume had undergone a massive surge of almost 120%, with a sudden hike from $185.7 million to $408.8 million. ETH Whales Transaction Chart Previously, on March 16, the Arbitrum Foundation announced in a post that the $10 billion ARB tokens of the platform would be airdropped to the community’s wallets as scheduled on March 23. Following the announcement, the Arbitrum Decentralized Exchange (DEX) trading volume exhibited a substantial increase of almost 32% reaching currently at $4.34 billion. The current trading volume of the DEX is at a new two-week high, overpowering the trading volume of the leading platform BNB Chain. Weekly Whales on Arbitrum Supposedly, the increasing tr...

Ethereum price has been gaining momentum in April, even against Bitcoin, as the much-anticipated Shanghai hard fork is just days away. Ethereum's Ether (ETH) token dropped by over 7.5% in its Bitcoin (BTC) pair in 2023. But ETH/BTC may wipe its year-to-date (YTD) losses entirely in April as Ethereum's long-awaited Shanghai hard fork is just days away. The upgrade is set for April 12, enabling Ethereum stakers to withdraw around 1.1 billion ETH in rewards — worth over $2 billion as of April 8.  ETH price undergoes key technical bounce Many experts see the hard fork as bullish for Ether in the long term. For instance, the Shanghai buzz has helped Ether outperform Bitcoin in April so far. As a result, the ETH/BTC pair has risen by about 4.75% month-to-date to reach 0.066 BTC as of April 8, a nearly 8% rebound since March 20.  The bounce was largely expected, particularly as ETH/BTC dropped to its historical ascending trendline support. Now, the upside move raises the prospects o...

This could help raise cryptocurrency education, insulate consumers against scams, and increase the potential for wealth generation in crypto. A trio of researchers from the University of Cincinnati recently develop ed a Crypto Literacy Scale (CLS) to help standardize and measure economic and financial knowledge as it relates to consumer and policy-maker understanding of cryptocurrencies and related technology. The team’s research paper, titled “Measuring Crypto Literacy,” details the gap between traditional financial literacy and crypto literacy and the need for a Crypto Literacy Scale and policies that will support cryptocurrency education and literacy efforts worldwide. According to the paper: “Measuring financial literacy has encouraged policymakers and educators to create programs that improve financial decision-making and increase financial empowerment. However, there is no similar corresponding scale to measure crypto literacy." The researchers point out that financial l...

Ripple CTO Thoughts on Uniswap According to the Ripple CTO , Uniswap is not decentralized, a statement that many commenters believe is derisive to the decentralized exchange (DEX) protocol. The conversation bordering on the decentralization of the platform sprang up as a debate on Twitter where there is an ongoing argument bordering on whether or not open source protocols are decentralized or not. advertisement Referring to his earlier arguments on the subject, the Ripple CTO argued that a decentralized exchange whose underpinning technology is not open source cannot necessarily be deemed as decentralized. Uniswap is not decentralized either https://t.co/Ze2RvJ3Pl0 https://t.co/FtlEXj8P5S — David "JoelKatz" Schwartz (@JoelKatz) June 14, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

Friend.tech warned users who choose to jump ship to “forks and copies” will see their existing points forfeited. Crypto’s newest decentralized social media (DeSo) app friend.tech has been met with intense criticism over a decision to punish users who opt in to forks or copycat versions of its tokenized social media platform.  “To make sure loyal users are rewarded fairly during our beta, users moving to forks and copies will automatically opt out of earning Points and forfeit existing points,” wrote the official friend.tech X account in an Aug. 28 tweet. We expect @friendtech clones and other types of copies will emerge. To make sure loyal users are rewarded fairly during our beta, users moving to forks and copies will automatically opt out of earning Points and forfeit existing points. They will be able to use the app normally pic.twitter.com/C1rTEQQr17 — friend.tech (@friendtech) August 28, 2023 While Friend.tech did not make mention to any specific competitors, and number of X ...

The S&P 500 is attempting a recovery, but Bitcoin and select altcoins are struggling to break above their respective resistance levels. Bitcoin (BTC) is down about 11% in August, just shy of the 13.88% fall seen in the corresponding month in 2022, according to CoinGlass data. The picture does not look very bright for September either. History shows that every year since 2017, Bitcoin has declined in September.  Bloomberg Intelligence senior macro strategist Mike McGlone is even more bearish on Bitcoin. While speaking to Kitco News, McGlone warned that in case of a “global economic reset,” Bitcoin could nosedive to as low as $10,000. Daily cryptocurrency market performance. Source: Coin360 Although analysts have been giving both bullish and bearish targets, it is better to wait for the price to break out of the range before taking large bets. Typically, after a low volatile period, the volatility picks up but it is difficult to predict the direction of the breakout with certainty. ...

The vulnerability was not exploited after its discovery on Aug. 22. Ethereum automated market maker and decentralized finance (DeFi) protocol Balancer warned that $2.8 million, or 0.42% of its total value locked (TVL), remains at risk following the discovery of a vulnerability on Aug. 22. According to the Aug. 24 announcement, users are asked to "withdraw ASAP" if they have connected wallets to affected liquidity provider pools (LPs). A personal user interface was established via the protocol's website to determine if user funds were at risk, which then suggests to unstake, withdraw, and unwrap the affected tokens. Selected at-risk assets include those on the Balance mainnet, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, Fantom, and zK-EVM. On the day of discovery, Balancer said 4% of its $669 million TVL was affected after developers mitigated 80% of the critical vulnerability . In an Aug. 23 update, Balance said that the vulnerability had not been exploited, but a...

Terra Luna Classic Community Voting Again On USTC Proposal Proposal 11730 “USTC / Stable Algo Quant Team” is up for voting from August 26-September 2. The proposal is submitted again for proper validator voting turnout as the Station wallet is live and working after being down for many days. advertisement “This proposal has been re-submitted on behalf of LUNC community. Quant Team is too nice and proud to re-submit it, so somebody has to do it. This time, since TS is working again, we can expect proper validator voting turnout and live with the final results.” $LUNC proposal 11730 to fund the $USTC Quant Team for the month of August is now live for voting. The author states due to Terra Station being down during the last vote proper validator turnout was not received and this will be the official decision. 💎🤲🏻 #Crypto #LUNC pic.twitter.com/FosK8ROK0C — Mr. Diamondhandz1💎 (@MrDiamondhandz1) August 26, ...

Crypto analyst reported that troubled crypto exchange Binance has depleted its Bitcoin reserve to an all-time low of 16%. The analyst says the recent decline of the Binance reserve is reminiscent of FTX’s collapse. Elsewhere, the company continues to be subject to many regulatory scrutiny, with many companies now distancing themselves from the crypto exchange.  Binance, the largest crypto exchange in the world, has seen its bitcoin reserve drop to almost 16% raising investors’ and customers’ fears as to a possible bank run. According to Julio Moreno, head of research at CryptoQuant, a drop below 16% would be the lowest ever recorded from the crypto exchange. The analyst referred to the recent FTX collapse as a pointer to the direction the crypto exchange might be heading. “FTX reserves never recovered once they fell 50% from ATH in Aug-Sep 2021 and their behavior was erratic,” he said in a tweet. While the crypto exchange has tried to reassure its c...

The joint effort between Mastercard and Binance to offer crypto card services in Argentina, Brazil, Colombia, and Bahrain will end on Sep. 22. Binance Cards enable users to use regular currencies like USD to make purchases, backed by their crypto holdings on Binance. The end of this collaboration doesn’t impact Mastercard’s other crypto card partnership s, like the one with Gemini, a crypto exchange. You might also like: Binance partners with MasterCard in Brazil Mastercard has not revealed the exact reasons for ending its partnership with Binance. Nonetheless, in line with its policies, the company conducts thorough assessments and continuous monitoring for all partnership s related to cryptocurrencies. Hello there, The Binance Card will no longer be available to users in Latin America and the Middle East. The product, like most debit cards, has been utilized by Binance’s users to pay for basic daily expenses but in this case, the cards are funded with crypt...

📈 #Ethereum $ETH Total Value in the ETH 2.0 Deposit Contract just reached an ATH of 28,019,877 ETH advertisement View metric:https://t.co/SzbMPqvhlb pic.twitter.com/Bvfly88Sds — glassnode alerts (@glassnodealerts) August 24, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] Must Read Crypto Telegram Channels List 2023 [Updated] Must Read Top 10 Web3 G...