Ethereum - Page 100
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Ether Has Bullish Long-Term Drivers But Bearish Short-Term Indicators: IntoTheBlock
On-Chain Markets Update by Lucas Outumuro, IntoTheBlock This Week: Ethereum’s Growth Catalysts Amidst an Overheated Market After underperforming Bitcoin in Q4, Ether’s price has managed to grow by over 60% in the first week of January. Having officially launched phase zero of ETH 2.0 in December, Ethereum has seen a wave of positive events unfold.…
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ETHE Drops as ETH Climbs Near Record Highs
Wall Street’s favorite ether investment vehicle is plunging just as the underlying cryptocurrency is near records. But there’s a good reason why. Grayscale’s Ethereum Investment Trust, ETHE, has dropped from a 6-month high of $23 on Dec. 22, to $14 at the time of writing. That ~40% drop contrasts with the near 70% rise of…
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Ethereum Gas Prices Put a Damper on DeFi Rally
The good news: Ethereum is booming. The bad news: gas fees are, too. ETH is surging past $1k—the highest it’s been since the crypto boom of January 2018. Investors have taken notice, with the co-founder of Three Arrows Capital hedge fund (which just made headlines for their SEC filing stating $1.3 billion in Grayscale Bitcoin…
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Bitcoin Corrects as ETH Locked in DeFi Rebounds
After a week of record volumes for 2020, bitcoin’s price dropped on decreasing trading volumes. Meanwhile, assets locked in DeFi are recovering since the November dip – said to be due to the Ethereum 2.0 network upgrade. Bitcoin is trading around $22,770 (Bitfinex) at the time of writing, reclaiming some of the losses from the…
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Genesis Block Signals There’s "No Stopping" Ethereum Now
The first phase, or Phase 0, in the transition to Ethereum 2.0/ aka Eth2.0/ aka Serenity successfully launched today. In this phase of the process a proof-of-stake chain, known as the Beacon chain, is now running. ETH holders can deposit (or stake) ETH in multiples of 32 and start accumulating staking rewards, thus becoming validators in...
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Eth2 is Already Among the Largest PoS Chains
Phase 0 of Eth2 is set to kick off on its targeted launch date of Dec. 1 now that more than 584,224 ETH (or about $350M) is staked in the deposit contract. The historic threshold was needed to deploy the Beacon Chain, the new primary source of truth for Ethereum as it transitions from Proof…
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ETH Crossed $500 in a Most Quiet Rally
We are in the middle of a crypto bull market but you wouldn’t know it from social media trends, news headlines and anchors, and just all-around hype. If it feels a lot quieter this time around, it’s because it is. The gap between BTC and ETH prices and mainstream interest, measured by Google search, is…
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Three Whales Are Responsible for 25% of ETH Staked for Eth2
There is now 20% of the required staked ETH needed for the network to launch its proof-of-stake-chain, the first step in its transition to Ethereum 2.0, and a big chunk of it is coming from long-time ETH whales. There is 105k ETH in the ETH2 deposit contract out of the required 524K, just two weeks…
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The Bitcoiner’s Guide to DeFi
Decentralized finance, or DeFi, is exploding in popularity. Concentrated in the Ethereum ecosystem, it offers the types of services hitherto dominated by the legacy financial system such as lending, borrowing, and savings. But like the ICO craze of a few years ago, the growing mania around it has raised eyebrows from those with a deep…
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Risks and Rewards of Becoming an Eth2 Validator
The deposit contract for Ethereum’s new proof-of-stake chain was released today. If ~524k ETH is deposited this month, the new chain will go live on Dec.1. Potential rewards for contributing to that pile of ETH are enticing, but as is usually the case with high returns, there’s also high risk. So far, 5.7K ETH from…