Tag: ETH
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bloXroute Labs’ OFAC Block Decision Sparks Concerns Over Ethereum Censorship
BloXroute’s Decision to Censor OFAC-Sanctioned Transactions In a surprising turn of events, bloXroute Labs, a well-known producer of Ethereum blocks, has announced its intention to censor blocks containing transactions sanctioned by the United States Office of Foreign Asset Control (OFAC). This policy change by bloXroute Labs affects all of its Maximal Extraction Value (MEV) relays, […]
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Hacker Returns $3 Million Stolen NFTs After Swift Recovery and Negotiations
Boring Security DAO Leads Swift Recovery The Boring Security DAO, a blockchain security firm, played a paramount role in the recovery process, swiftly retrieving the stolen NFTs within an impressive 24-hour timeframe. The hacker, who was identified through public messages, demanded a payment of 120 ETH (approximately $267,000) in exchange for the safe return of […]
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Crypto Analyst Warns of Potential Epic Crash for Ethereum (ETH)
Veteran Trader Peter Brandt Sounds Alarm Renowned crypto analyst Peter Brandt has issued a cautionary statement regarding Ethereum (ETH), the second-largest digital asset in terms of market capitalization. Brandt, who has a following of over 707,300 on the popular social media platform X, warns that ETH could experience a significant crash, causing its value to […]
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Arbitrum (ARB) Outage Causes Price Drop as Ethereum Network Faces High Traffic
Sequencer Failure Halts Transaction Processing Arbitrum (ARB), one of the most popular layer-2 scaling solutions for Ethereum (ETH), experienced a significant outage on Friday morning due to a sudden surge in network traffic. The protocol’s sequencer, responsible for ordering user transactions, came to a halt at 7:29 a.m. PST and only resumed operations at 8:57 […]
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Ethereum Price Plummets as Community Adopts ERC-3643 Tokenization Standard
Current Ethereum (ETH) Price and Market Trends As of today, the price of Ethereum is $2,247.86, with a 24-hour trading volume of $14,584,988,655.44. This represents a 1.37% drop in the last 24 hours and a 5.10% drop in the previous 7 days. The global crypto market cap currently stands at $1.67 trillion, which is a […]
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Arbitrum Suffers Major Outage From Surge in Network Traffic
Arbitrum One Sequencer Stalled, Users Impacted The Arbitrum One Sequencer came to a standstill at 10:29 AM ET following an unexpected surge in network traffic. The team is working diligently to resolve the issue and aims to provide a post-mortem analysis promptly. As multiple Twitter users indicated, Arbiscan, a blockchain explorer for Arbitrum, initially attributed […]
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SEC Likely to Approve Bitcoin ETFs En Masse in January, Analysts Say
The SEC Avoids Favoritism According to Seyffart, the SEC does not want to show bias towards certain companies in regards to ETF approvals. He states that the SEC aims to ensure fair competition and prevent one firm from gaining an advantage. Rumors from insiders and individuals familiar with the process have corroborated this view. Seyffart […]
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Startup Babylon Enables Bitcoin Staking on Proof-of-Stake Networks, Raises $18M Funding
New Startup Allowing Bitcoin Stake on Proof-of-Stake Networks One fundamental truth is that proof-of-stake networks, such as Ethereum, and proof-of-work networks, such as Bitcoin, are like water and oil—they simply don’t mix without compromises like wrapped tokens and blockchain bridges. However, Babylon, a startup led by a Stanford professor and a former Dolby engineer, aims […]
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Ethereum’s Ascendancy: JPMorgan Foresees Bright Future Amid Bitcoin’s Dimming Spark
Bitcoin’s Outlook for 2024 Bitcoin, the leading cryptocurrency, has recently faced a challenging period along with the broader market. This has sparked debates about its resilience going forward. As 2024 approaches, enthusiasts are becoming increasingly excited about the future of Bitcoin due to expectations of a Spot Bitcoin ETF approval and the upcoming halving event, […]
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SEC Extends Deadline for Invesco Galaxy Ethereum ETF Approval, Market Anticipates Impact
Invesco and Galaxy’s Sequential ETF Pursuits Before seeking approval for the Invesco Galaxy Ethereum ETF, Invesco and Galaxy had made an earlier attempt to secure approval for a spot Bitcoin ETF, which was reactivated in June. The main objective of the proposed Invesco Galaxy Ethereum ETF is to offer investors an opportunity to gain exposure […]