Coinbase has launched a liquid token for its users who staked their Ethereum (ETH) on its platform called cbETH, according to an August 24 announcement. Coinbase will add support for Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds will be lost….
Ethereum 2.0 client Teku released the version 22.8.1 update on August 22, including the Bellatrix network upgrade and Merge configuration. The document stated that all mainnet users must complete the upgrade before September 6 in preparation for the Ethereum Merge scheduled for September 15. Teku v22.8.1 is now available. This is a required update for all…
Ethereum (ETH) foundation revealed that the Merge would not reduce gas fees, and it will not enable staking withdrawals until the Shanghai upgrade in an August 17 note. Gas fees will not be lower According to the foundation, the Merge will not reduce Ethereum gas fees because it is a “change of consensus mechanism” and…
Ethereum’s (ETH) tenth shadow fork went live on July 26 at 11:45 UTC bringing the network closer to its transition to a proof-of-stake (PoS) consensus mechanism. Ethereum’s tenth shadow fork is live The shadow fork went live 26 hours ahead of schedule with no significant glitches reported and sets the stage for the Goerli testnet…
83% of Ethereum (ETH) stakers are underwater as the digital asset continues to trade at around $1000, Glassnode reported on July 6. Source: Glassnode Parsec Finance founder Will Sheehan first revealed this on Twitter on July 1 with a chart that showed only 17% of Ethereum validators were in profit. ETH stakers by entry price…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Blockchain analytics company Glassnode’s latest report reveals the 2022 bear market as the worst in history and many investors have sold their Bitcoin (BTC) holdings at a discount. According to the report, Bitcoin’s dip below the 200-day moving average, net realized losses,…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Details have emerged that only the Goerli and Sepolia testnets would continue to operate once the highly anticipated Ethereum Merge is completed. According to a blog post by the Ethereum Foundation, the Kiln, Rinkeby, and Ropsten testnets would be deprecated because…
Deus Finance DAO has suffered another exploit and lost $13.4 million worth of ETH to a hacker less than a month after being hacked in a similar flash loan attack for roughly $3 million. Deus DAO lost over $16 million to the two attacks Blockchain security company PeckShield first reported the exploit claiming that although…
The Ethereum Foundation has released its first financial report, which offers insights into how the non-profit organization operates. Ethereum foundation holds approximately 0.3% of ETH total supply The report revealed that the foundation holds $1.6 billion worth of financial assets as of March 31, 2022. 80.5% of this is ETH, 0.7% other cryptocurrencies, and 18.8%…
The market price of bitcoin (BTC) dropped below $39,000 on April 18 in a declining trend during the Easter holidays. Meanwhile, ether (ETH) price fell below $3,000 for the first time since mid-March. The combined crypto market has lost almost $400 billion since early April, with analysts warning a “disaster in the financial markets” could…