The price of Ethereum’s native token ETH fell over the past 24 hours, while developers identified several bugs and traders started fearing the Merge could become a ‘sell the news’-type of event. On Friday at 09:10 UTC, ETH was down by 2.8% for the past 24 hours to a price of USD 1,661. The drop…
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Like all altcoins, ATOM price fell as $550 million of BTC, ETH and altcoin positions were liquidated last week, which is exactly why its 35% rebound is raising eyebrows. As a market crash takes place, assets become oversold and typically there’s an “oversold bounce,” “return to mean,” “mean reversion,” or some price snapback to the…
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The cryptocurrency exchange Coinbase has introduced a new liquid staking ethereum derivative token ahead of Ethereum’s proof-of-stake (PoS) upgrade. The new ERC20 utility token is called coinbase wrapped ethereum, or CBETH, and it will allow people to stake their ether in a non-custodial fashion or trade the tokens on the open market. Coinbase Reveals CBETH…
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The price of Ethereum’s native ETH token rallied on Thursday after the Ethereum Foundation on Wednesday announced that the Bellatrix upgrade – a key step that must be completed before the Merge – is scheduled for September 6. As of Thursday at 09:30 UTC, ETH stood at 1,707. The token is up 4.2% for the…
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“Our hope is that cbETH will achieve robust adoption for trade, transfer, and use in DeFi applications,” the crypto exchange said. Coinbase has launched a new asset consisting of Ether tokens that are staked and wrapped through the crypto exchange. In a Wednesday announcement, Coinbase said it will be listing Coinbase Wrapped Staked ETH (cbETH)…
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According to the Ethereum Foundation, identifying “critical bugs” — those that have a high impact or likelihood of a high impact on the blockchain — will be worth up to $1 million. The Ethereum Foundation has announced it will be increasing the network’s bug bounty payouts fourfold ahead of the blockchain’s transition to proof-of-stake. In…
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The Japanese crypto exchange bitFlyer has said it will “pay close attention” to any hard forks that may happen as a result of Ethereum’s (ETH) transition from proof-of-work (PoW) to proof-of-stake (PoS), and that forked tokens that continue to rely on PoW could be supported. Writing in a blog post published on Monday, bitFlyer did…
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Major decentralized finance (DeFi) platforms have seen a broad decline in the total value locked (TVL) over the past week, with only one top 10 protocol seeing growth. The fall in TVL came as prices of popular smart contract tokens like ethereum (ETH), solana (SOL), and BNB also fell sharply…. Read More: DeFi Platforms See…
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The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings will be PoW tokens, which is a…
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Fabian Riewe is the Co-founder of Web3 data lake solution KYVE.__________ Data validation has always been a key factor in analyzing and clarifying data. From financial transactions completed online to approvals across computer programs, having the correct data is key. Conducting transactions without the correct data leads to malfunctions and ultimately undermines the integrity of…
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