Bitcoin is looking positive, but the up move is likely to face stiff resistance above $72,000.
Ethereum (ETH) News Today
Ethereum launched in summer 2015 with the aim of expanding the use cases of blockchain and cryptocurrency to encompass all manner of decentralized applications beyond Bitcoin’s initial scope, from permissionless financial services and crowdfunding to new organizational structures.
Ethereum was envisioned as a “global computer” that would allow developers to publish and execute apps powered by smart contracts — programmable scripts that facilitate the flow of digital assets.
Ethereum’s native cryptocurrency, Ether (ETH), not only provides an incentive structure similar to Bitcoin (BTC) in securing and maintaining the network but is also used as “gas” to run transactions through smart contracts. This functions as a security measure to protect the network from inefficient code and attacks by malicious actors.
At Cointelegraph, we are chronicling the progress of the Ethereum space. Will it become essential infrastructure for a more open, freer internet? Or will it be surpassed by other smart contract (or traditional) platforms vying for mind and market share?
Stay tuned.
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
1956The growth of blockchain space makes interoperability a crucial requirement for decentralized apps to perform efficiently. This omnichain network aims to deliver.
899Ethereum price has had a rocky week and data suggests that more downside could be on the way.
537The integration provides a high-level overview of both ecosystems, allowing cryptocurrency teams to run their own queries and get insights from the raw data.
7729While more validators could mean more security, community members think too many could be problematic.
12511Ethereum co-founder Vitalik Buterin suggested penalizing validators proportionally to the deviation from their average failure rate.
12209A new method for inscribing data on Ethereum blobs is wreaking havoc on fees for the data-saving feature.
10452Staking rewards could create a taxable event for shareholders and introduce new risks associated with the fund.
7292As Bitcoin continued its early stages of development, the largest exchange at the time was on its way to ruin.
5703The Dencun upgrade could be a significant step for mainstream crypto adoption, says Metis CEO Tom Ngo.
2111Despite legal action against KuCoin’s founders and a drastic uptick in withdrawals from the exchange, CryptoQuant CEO Ki Young Ju claims there’s no reason to be overly concerned.
6553A new NFT game built on the Ethereum layer 2 Blast has been exploited for nearly 17,500 ETH.
8646According to a letter for SEC Chair Gary Gensler, leaving Ether in regulatory limbo between the SEC and CFTC could have "irreparable consequences for the digital asset markets.”
14216While CBDCs might be the best option for those nations with existent currencies and mature banks, private stablecoins might help less advanced economies.
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