The plunge points at a growing lack of interest among traders and investors to become “full validators” on its upcoming proof-of-stake blockchain. The number of Ethereum addresses holding 32 or more Ether (ETH) reached a one-month low on Nov. 9. The number of Externally Owned Ethereum Addresses (EOA) fell to 108,949 compared to 108,965 on Oct. 22,…
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Venture capital continues to flood the cryptocurrency market, with Neon Labs securing a considerable fundraise via its NEON token sale. Decentralized finance development firm Neon Labs has concluded a $40-million private token sale as part of its ongoing efforts to create an Ethereum-compatible environment on the Solana blockchain, underscoring heightened investor demand for scalability and…
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Analysts say ETH’s breakout to a new all-time high is just the beginning and one 2017-era fractal pattern targets a $14,000 Ethereum price in the near future. Crypto markets have hit the ground running right from the start of November and as of Nov. 2, a near uncountable number of tokens have rallied to swing…
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The price of ETH has been on a bullish tear recently. After dropping to around $1,780 on July 21 it has since gained 147% to sit at around $4,400. The price of Ethereum (ETH) has bounced to a new all time high (ATH) today as it hit $4,400.97 at around 1:02 am UTC, according to…
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The Altair update will introduce Beacon Chain to the Ethereum mainnet. The Ethereum 2.0 Altair Beacon Chain update has gotten off to a successful start, with 98.7% of nodes already upgraded. On Wednesday, Eth2 developer Preston Vanloon tweeted that the Altair upgrade had been “activated successfully.” Altair is the first upgrade to the Beacon Chain since it…
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Both Ethereum 2.0 and Polkadot are promising sharding-based protocols overcoming the scalability challenges facing legacy blockchains. Although slightly different, together, the Relay Chain and Beacon Chain represent another significant leap forward, especially for interoperability. Partitioning the Problem: Sharing the Load via Sharding Scalability has been a hotly debated topic after networks bumped up against the…
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Smart contracts, especially for DeFi, are becoming a data-intensive industry. Oracle services are helping to bridge the gap. Decentralized oracle service Umbrella Network officially launched on Ethereum on Friday, setting the stage for cross-chain transactions between the dominant smart contract platform and Binance Smart Chain, or BSC. The cross-chain bridge connecting Ethereum and BSC was…
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Ethereum’s transition to proof-of-stake continues, with the first mainnet upgrade of Beacon Chain scheduled for late October. The Ethereum network’s long-planned upgrade to a scalable, proof-of-stake consensus model grows closer as developers set a date for the Altair upgrade. Altair, which is described as the first mainnet upgrade to the Beacon Chain, is scheduled to…
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Multi-million dollar incentive programs and the ease of cross-chain transfers are boosting the value of L1 and L2-based tokens and raising the total value locked in their associated DeFi platforms. The competition among layer-one (L1) smart contract platforms has been on the rise in the past couple of months as traders and developers continue to…
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The second-largest cryptocurrency falls 13.30% versus Bitcoin’s 9.38% decline as China’s move scares investors away. The price of Ethereum’s native token Ether (ETH) crept lower Friday after China extended its crackdown on cryptocurrencies by deeming their transactions to be “illegal.” “Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to…
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