According to data from analytics platform L2BEAT, there has never been more value locked in Ethereum’s layer-2 scaling solutions. With increasing gas fees driving the adoption of networks such as Arbitrum, Optimism, and Loopring, layer-2 TVL increased by more than 44% in less than a month. Users pour their money into L2s as Ethereum fees…
Crypto billionaire Su Zhu took to Twitter yesterday to criticize Ethereum, the world’s second-largest blockchain by market cap, setting off controversy in crypto circles and its appeal for investors and developers alike. Yes I have abandoned Ethereum despite supporting it in the past. Yes Ethereum has abandoned its users despite supporting them in the past….
In a speech delivered by Vitalik Buterin on SG Blockchain Day 2021, the Ethereum co-founder addressed core crypto issues and discussed how major cities in the US and the world are adopting cryptocurrency and blockchain tech to simplify financial transactions. Buterin suggests new ways to implement crypto tech Buterin lauded the newly introduced Miami and…
For the first time ever, Ethereum was listed as a payment option on Sotheby’s price table during the auction of two Banksy paintings. While the auction house has been accepting cryptocurrency payments since May this year, this was the first time ETH has both been listed as a first-class currency and used as payment. Banksy’s…
On-chain data shows that Ethereum exchange outflows reached their all-time highs yesterday as ETH lost almost 15% of its value, dipping as low as $4,000. This shows that the majority of Ethereum holders retained their confidence in the token and have been buying the dip en masse. Ethereum holders were quick to buy yesterday’s dip…
CoinShares data brought forth an interesting highlight that discusses investors’ renewed interest in altcoins such as Cardano and Ethereum. It mentions that the inflows towards Cardano have recorded a notable surge this week, nearly equaling the influx of Ethereum and bringing the total year-to-date amount to $108 million Ethereum inflows totaled $17.3 million last week…
The cryptocurrency market saw almost $875 million in liquidations on Tuesday, with over 215,000 traders liquidated across multiple exchanges. According to data from CoinGlass, the largest single liquidation order happened on Binance, where a $10.37 million LTC/USD position was closed. Bitcoin led the way when it comes to liquidation size, with just under $7 million,…
Ethereum started the week strong, inching back to the $4,800 mark, but several long-lasting divergences are pointing to an upcoming correction. Market watchers anticipate sell-off At the end of last week, Ethereum Foundation transferred 20,000 Ethereum, worth roughly 9,5 billion to Kraken. According to the Etherscan block explorer, the Ethereum Foundation (0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae) transferred 20,000 ETH…
Popular social media platform, Discord, appears to have shelved its plans of integrating Ethereum and non-fungible tokens into its platform after facing a throng of backlash from community members who were unhappy with this new development. Discords debunks Ethereum speculation Jason Citron, the CEO and co-founder of the big shot social media platform revealed via…
Ethereum is set to undergo a scheduled upgrade at block number 13,773,000, which should take place around December 8th. The Arrow Glacier network upgrade will delay the difficulty bomb until June 2022, which is when developers believe Ethereum will be running on Proof-of-Stake (PoS). Arrow Glacier will give miners time to breathe as Ethereum transitions…