The entire crypto market tumbled today as Bitcoin price dropped below $63,000 and large-cap altcoins sold off.
Ethereum News
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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Ethereum co-founder Vitalik Buterin played a pivotal role in making the development of the Ethereum Naming Service possible.
1243The crypto market liquidated over $624 million worth of leveraged positions in the past 24 hours, 83% of which were long positions.
701The price of LDO jumped briefly after an updated spot Ether ETF application from Fidelity which proposed to stake “a portion” of the fund’s ETH to generate additional income.
3389Need 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.
14268Crypto traders are struggling to hold Bitcoin price above $68,000, and altcoins are suffering as a result of BTC's weakness.
4439The SEC could bring more regulatory scrutiny toward Ether ETF applications, despite the prior approval of spot Bitcoin ETFs, according to Recharge Capital’s John Lo.
1139The ambiguous, 24-hour presale promised a bigger allocation for early investors without disclosing any specifics on the project.
9798CFTC-regulated prediction market Kalshi will allow users to place bets on when Bitcoin will hit $100,000 and whether it will reach $150,000 in 2024.
5369Traders want to make their millions on Solana memecoins, but crypto proponents believe this is risky and would benefit the industry if it ends sooner rather than later.
5775The 350% jump in Base daily transactions came amid a vast reduction in fees following the Dencun upgrade.
5790The yield farming app was exploited through a possible private key compromise, according to a CertiK report.
5216The total value locked in DeFi protocols has breached $110 billion — but it’s still short of the $189 billion all-time high recorded in November 2021.
5550Bitcoin is showing the first signs of profit booking, but the bears are struggling to hold the price below $69,000, indicating buying at lower levels.
13884Ether futures and options reflect pro traders' confidence in the bull run.
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