Tag: ethereum
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Fiery Lawsuits Shake Ethereum: High-Stakes Battle Threatens ETH Ecosystem
Nerayoff’s Allegations and Insider Perspective Steven Nerayoff, an early advisor to Ethereum, has recently shared an update on his highly anticipated lawsuit against Vitalik Buterin, Joseph Lubin, and the Ethereum Foundation. The lawsuit alleges corruption and fraudulent activities, causing concern within the ETH ecosystem. Having been involved with Ethereum since its early days, Nerayoff’s insider […]
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Solana’s Token Trading Surpasses Ethereum Again, Thanks to Impending Airdrop
Introduction Token trading on Solana decentralized exchanges has once again surpassed that of Ethereum exchanges, marking the second time in recent months. This shift can be attributed to an upcoming token airdrop. On Sunday night, the 24-hour trading volume on Solana-based DEXes exceeded that of Ethereum, racking up around $705 million compared to $698 million. […]
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SEC Expected to Delay Spot Ethereum ETF Approval, No Reason for Rush
Election-Related Approval Delay Earlier this month, TD Cowen Washington Research Group, led by Jaret Seiberg, shared that the SEC’s approval of a spot Ethereum ETF could be delayed until after the November 2024 election. In their note on Monday, they stated, “We do not expect the SEC in 2024 to approve a spot Ethereum ETF.” […]
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Proto-Danksharding: Ethereum’s Game-Changing Upgrade Set for Mainnet Deployment
Ethereum Testnet Upgrades Planned for Smooth Mainnet Transition To ensure a smooth transition to the main network, developers have meticulously planned a dress rehearsal for the protocol changes on two crucial test networks: Sepolia and Holesky. The scheduled dates for these pivotal tests are Jan. 30 and Feb. 7, respectively. A recent successful upgrade on […]
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Experts Debunk Overhyped Expectations of Parallelism in Blockchain Technology
Understanding the Value of Parallelism Rachel Bousfield, a tech lead at Offchain Labs, believes that the value of parallelism is often exaggerated. In an interview with Blockworks, she emphasized that the returns and fee reductions people anticipate do not always materialize in practice. Ethereum, for instance, is designed to ensure that running a node is […]
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Promising Cryptocurrencies Targeting $10 Value in 2024 Amid Bearish Market
Filecoin (FIL) Filecoin offers a decentralized network as an alternative to traditional cloud storage platforms. This unique feature promises enhanced security, lower costs, and user control. With increasing awareness of data privacy concerns and the rising popularity of Web3 applications, FIL has the potential to reach the $10 mark. Although FIL experienced a successful run […]
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SEC Delays Grayscale’s Ethereum ETF: Crypto World on Tenterhooks
Unforeseen Twists and Turns Delivering a plot twist that no one saw coming, the SEC decided to prolong the suspense not only for Grayscale but also for BlackRock, a financial giant eager to launch its own spot crypto ETF. It felt like waiting for the anticipated season finale of a favorite TV show, only to […]
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Three Crypto Gems: Turning $10 into $1,000 by 2024 with Avalanche, Solana, and Polygon
Avalanche (AVAX) Avalanche (AVAX) stands out for its remarkable throughput and low transaction fees, making it an essential platform for developers and users. The platform’s valuation soared, almost reaching the $50 resistance mark, while also securing partnerships with prominent entities like gaming company BLRD and Amazon’s AWS. The collective impact of these developments is positive […]
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Over 70% of Ethereum’s Supply Stays Put for Over a Year, Setting New Record
An Unprecedented Record for Ethereum Network New on-chain data reveals a significant milestone for Ethereum, as more than 70% of the total supply has remained dormant for more than a year. This represents an all-time high for the network, according to market intelligence platform IntoTheBlock. Long-Term Holders Driving the Trend IntoTheBlock defines “long-term holders” (LTHs) […]
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Avalanche (AVAX) Skyrockets 460% in 90 Days, Confirms Breakout
Rekt Capital’s Analysis A popular crypto analyst, known as Rekt Capital, has revealed that Avalanche (AVAX), an Ethereum (ETH) competitor, has experienced an extraordinary surge of over 460% in just 90 days. Rekt Capital, who has a substantial following of 378,700 users on the social media platform X, highlighted that Avalanche has achieved a significant […]