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Ethereum

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games. Ether is the native token for the Ethereum ecosystem.

The Ethereum blockchain is preparing a significant upgrade, called the Ethereum Merge, tentatively scheduled for Sept. 13-16, 2022.

The Merge reflects a shift in Ethereum’s protocol in which the blockchain will move from a “proof-of-work” to “proof-of-stake” system.

Miners validate transactions by solving complex calculations before a new block can be added to the chain. This is the mechanism that Bitcoin ($BTC) runs on.

Miners are replaced by “validators,” who stake the ETH they own to validate new blocks on the chain. Avalanche ($AVAX) and Solana ($SOL) are proof-of-stake.

The Ethereum Foundation reports that moving to a proof-of-stake model will reduce the blockchain’s energy consumption by more than 99%.

Ether ($ETH) is Ethereum’s native crypto asset, while Ethereum is the underlying blockchain. No disruptions to ETH are expected following the Merge.

Unlike Bitcoin, the founder of Ethereum is publicly known. Vitalik Buterin published Ethereum’s introductory paper in 2013 and launched the project in 2015.

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games.

The Ethereum Foundation

*This content is for educational purposes and is not investment advice.

Polygon

Solana

Ethereum (ETH) rival blockchain Solana (SOL) is taking another bear market hit as its two biggest non-fungible token (NFT) projects announce a migration to other chains. On Christmas day at nearly the same time, Solana-based NFT projects y00ts and DeGods III announced on Twitter that they are bridging to Ethereum and Polygon (MATIC) next year.

Solana's Two Biggest NFT Projects Moving to Ethereum (ETH) and Polygon (MATIC) As SOL Approaches Yearly Low

What happened: On Sunday a total of 2,266.93 Ether (CRYPTO: ETH) worth $2,755,638, based on the current value of Ethereum at time of publication ($1,215.58), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

2,266 ETH Worth $2M Was Just Burned

Bitcoin

Cryptocurrencies were mostly consolidating on Dec. 26, as markets remained muted following the Christmas weekend. Bitcoin remained marginally above a key support point at $16,800, whilst ethereum remained near a ceiling at the $1,230 mark. Overall, the global crypto market is up 0.20% as of writing.

Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Monday as Markets Remain Sluggish Following Christmas

DeGods and y00ts, two of Solana's leading non-fungible token (NFT) collections, have announced plans to move to Ethereum and Polygon. The post Top Solana NFT projects DeGods & y00ts are headed to Ethereum and Polygon appeared first on The Block.

Top Solana NFT projects DeGods & y00ts are headed to Ethereum and Polygon

Polkadot

Wildly popular crypto analyst Guy of Coin Bureau is unveiling his forecasts for Ethereum (ETH) and Polkadot (DOT) as markets gear up for a new year.

Coin Bureau Says 2023 Could Be Big Year for Ethereum, Details Forecast for ETH and Polkadot (DOT)

Dogecoin

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) maintained their nearly flat trend on Sunday evening on Christmas, as the global cryptocurrency market cap decreased 0.24% to $810.17 billion at 8:30 p.m. EST.  Coins 24-hours  Price (8:30 pm) Bitcoin -0.02% $16,858 Ethereum -0.014% $1.221 Dogecoin -1.91% $0.07 What Happened: Dogecoin (CRYPTO: DOGE) — the bellwether meme coin — traded muted on Sunday, down 2.24% over 24 hours.

Bitcoin, Ethereum, Dogecoin Trade Muted: Hope For Santa Claus Rally Dampens As Analyst Cites Return Of 'Christmas Palindrome Block'

A popular analyst is issuing a dire warning to Ethereum (ETH) holders, saying that an epic collapse could be coming for the second-largest crypto by market cap.

Analyst Nicholas Merten Reveals Ethereum Price Target, Says ETH Has Major ‘Skeletons in Closet'

As Christmas is here, investing in cryptocurrencies may be the last thing on many people's minds, especially in a year that saw digital coins getting pummelled. But Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) have their own holiday story to tell through the years.

Crypto Moves Of Christmas Past: How Bitcoin, Ethereum And Dogecoin Usually Trade Around Christmas

Coins are limping into the new year. And in its investigation of FTX's collapse, the SEC appears to have redoubled its assault on crypto.

This Week in Coins: Bitcoin, Ethereum See Modest Gains Heading Into Christmas

Bitcoin rose closer to the $17,000 level on Saturday, despite crypto markets mostly consolidating to start the week. The global cryptocurrency market cap is down 0.32% as of writing. Ethereum was also higher earlier in the day, with prices nearing the $1,230 level.

Bitcoin, Ethereum Technical Analysis: BTC Nears $17,000 Ahead of Christmas Day

A popular cryptocurrency analyst and trader is optimistic that the price of Ethereum (ETH) is about to go up significantly. The pseudonymous crypto trader Kaleo tells his 552,400 Twitter followers that the second-largest digital asset by market cap is on course to rally by over 60% from current levels.

Top Crypto Analyst Predicts Massive Ethereum (ETH) Rally To Commence Soon – But There's a Catch

Bitcoin (CRYPTO: BTC) popped up briefly during Friday's 24-hour trading session before retracing to trade mostly flat. The move was in line with the S&P 500, which was attempting to make some gains over Thursday's closing price but remained trading in an inside bar pattern in consolidation on lower-than-average volume.

A Happy Crypto Holiday? Bitcoin, Ethereum And Dogecoin Charts Into The Weekend

Cardano

A widely followed crypto analyst is laying down a timeline for the end of the Bitcoin (BTC) bear market woes. Pseudonymous analyst Rekt Capital updates their 329,600 followers on the current BTC bear market timeline relative to last year's bull market.

Crypto Analyst Says Bitcoin Bear Market ‘Closer and Closer' To End, Breaks Down Cardano and Two Other Altcoins

What happened: On Thursday a total of 3,047.58 Ether (CRYPTO: ETH) worth $3,717,950, based on the current value of Ethereum at time of publication ($1,219.97), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

3,047 ETH Worth $3M Was Just Burned

Social media giant Twitter is adding Bitcoin (BTC) and Ethereum (ETH) price charts to its search function. In a new thread, Twitter says it's rolling out a new feature dubbed “$Cashtags,” which also includes price charts for other assets, such as stocks and exchange-traded funds (ETFs).

Twitter Adds Bitcoin (BTC) and Ethereum (ETH) Price Charts To Search Function in Latest Push for Adoption

The Ethereum price (ETH) regained momentum and reached a high of $1,225 today.

Ethereum Persists At $1,240 As Sellers Emerge At Recent Peak

Ethereum edged closer to a key resistance level of $1,230 on Dec. 23, as markets continued to react to better than expected U.S. GDP data. Gross domestic product in the United States was revised higher to 3.2%, better than the 2.9% expected. Bitcoin mostly consolidated in today's session, with prices trading near the $16,800 mark.

Bitcoin, Ethereum Technical Analysis: ETH Nears $1,230 Resistance, Following Strong US GDP Data

Bitcoin and Ethereum were trading nearly flat on Thursday evening, ahead of the holiday weekend, as the global cryptocurrency market cap rose 0.2% to $811.2 billion at 7:16 p.m. EST.

Bitcoin, Ethereum Muted, Dogecoin Spikes: No Signs Of 'Santa Claus' Rally As Analyst Says Tech Rout Behind Risk-Off Mood

A widely followed crypto analyst is looking ahead for Bitcoin (BTC), Ethereum (ETH) and one top altcoin as another year comes to a close. In the latest issue of his Cryptocademy newsletter, Justin Bennett first tells traders that the traditional stock index the S&P 500 (SPX500) will soon face a major test.

Crypto Analyst Details Bitcoin and Ethereum Price Trajectories, Says Traditional Markets Now Facing ‘Huge Test' As 2022 Wraps Up

What happened: On Wednesday a total of 3,087.93 Ether (CRYPTO: ETH) worth $3,664,730, based on the current value of Ethereum at time of publication ($1,186.79), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

3,087 ETH Worth $3M Was Just Burned

Bitcoin (CRYPTO: BTC) recorded losses, with prices for the most valued cryptocurrency in the world trading around the $16,700 level on Thursday. Ethereum (CRYPTO: ETH), also traded lower, but remained above the key $1,200 mark on Thursday.

Ethereum Falls But Remains Above This Key Level; Neutrino USD, Dogecoin Among Top Gainers

Cryptocurrency prices mostly consolidated on Thursday, ahead of upcoming GDP figures from the United States. Bitcoin remained close to the $17,000 level in today's session, with the global market cap trading 0.01% lower as of writing. Ethereum was largely unchanged, as prices continued to trade above $1,200.

Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of United States GDP Data

Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decision, with increased centralization and the recent consensus mechanism pivot amongst them. Youssef also stated that tokens built on top of Ethereum have been primarily scams.

Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot

Twitter has just unveiled a new feature allowing users to easily search the current prices of two of the biggest cryptocurrencies – Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). However, Elon Musk's beloved Dogecoin (CRYPTO: DOGE) has not made the cut for the time being.

Twitter Quietly Adds Support For Bitcoin, Ethereum Price Index — But No Love For Elon Musk's Favorite Dogecoin Yet

Major coins were seen trading lower on Wednesday evening as the global cryptocurrency market cap fell 0.6% to $810 billion at 7:16 p.m. EST.

News for Ethereum Crypto (ETH)