Ethereum News

3 reasons why Ethereum price could struggle at the $1.9K level

• by admin
• May 18, 2023

Since May 12, Ether’s price has been struggling to sustain its $1,800 support level, as investors face pressures from a worsening crypto regulatory environment and the Ethereum network’s high gas fees. Also negatively impacting Ether’s ETH $1,818  price are three indicators signaling reduced demand for its decentralized applications (DApps) and a lack of leverage buying […]

Ethereum News

$500K worth of stETH redeemed in 3 hours as Lido enables withdrawals

• by admin
• May 18, 2023

The Lido liquid staking protocol has enabled Ether withdrawals for the first time, according to May 15 data from Parsec Finance. Over 260 Lido Staked Ether (stETH) was redeemed for its underlying Ether ETH $1,826  in the first three hours, worth about $500,000. Lido is a liquid staking derivatives (LSD) protocol that allows ETH holders […]

Ethereum News

Why is Ethereum (ETH) price down today?

• by admin
• May 18, 2023

Ether ETH $1,827 price is down on May 17, reaching a 7-day low of $1,788. The Ether price drop comes a day after Chinese prosecutors vowed to crack down on the NFT market. Ether price was dealt another blow with lawmakers in the United Kingdom claiming that crypto assets should be regulated like gambling due […]

Ethereum News

Ether hits 11-month high as post-Shapella withdrawals pass 1M ETH

• by admin
• May 17, 2023

Over 1 million Ether ETH $1,795 worth $2.1 billion has now been withdrawn from Ethereum’s Beacon Chain within the first four days of the Shapella hard fork and Ether has pushed over $2,100 for the first time in 11 months. The 1.03 million ETH withdrawals have come from 473,7000 withdrawal requests, with Saturday, April 15 […]

Ethereum News

How to check an Ethereum transaction

• by admin
• May 16, 2023

A transaction on the Ethereum blockchain is technically initiated by an external account owner (not a contract). For example, if User A sends 1 Ether ETH $1,815 to User B, the action of debiting from one account and crediting to another changes the blockchain’s state. The change specifically takes place on the Ethereum Virtual Machine […]

Ethereum News

Coinbase new blockchain seen as ‘massive confidence vote’ for Ethereum

• by admin
• May 15, 2023

The Ethereum community appears to have taken a bullish view of Coinbase’s newly announced layer-2 network, Base, which has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network.  Secured on Ethereum and powered by layer-2 network Optimism, Base aims to eventually become a network for building decentralized applications (DApps) […]

Ethereum News

Scammers are targeting crypto users with new ‘zero value TransferFrom’ trick

• by admin
• May 14, 2023

Data from Etherscan shows that some crypto scammers are targeting users with a new trick that allows them to confirm a transaction from the victim’s wallet, but without having the victim’s private key. The attack can only be performed for transactions of 0 value. However, it may cause some users to accidentally send tokens to […]

Ethereum News

Ethereum validators earn a record $46M as staking rewards rate surges

• by admin
• May 14, 2023

Validators earned $46 million in the first week of May due to an increase in the staking rewards rate, which is a metric for validators’ annualized yield. According to data, validators earned 24,997 Ether ETH $1,804 in the week, representing a 40% increase over the previous week’s income of $33 million, when 18,339 ETH were […]

Ethereum News

Ethereum’s Beacon Chain is updated after finality issues

• by admin
• May 14, 2023

Ethereum core developers rolled out patches for Prysm Labs and Teku clients as a response to two Beacon Chain finality issues within a 24-hour period. The Beacon Chain serves as the consensus layer for the Ethereum network.  On May 11, Ethereum developers reported that the Beacon Chain was experiencing problems confirming transactions. Although new blocks […]

Ethereum News

Dangers of hosting your own Ethereum 2.0 node, explained

• by admin
• April 11, 2023

What does hosting your own Ethereum 2.0 node involve? It means that you’ll become a validator for the newly upgraded Ethereum blockchain — and be responsible for verifying transactions and maintaining the network. The genesis block of Ethereum 2.0 launched on Dec. 1, paving the way for long-awaited improvements to the network’s security and scalability. This […]