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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.

Ethereum mining revenues totaled $969.4 million in May — a 27.2% month-over-month drop. The post Ethereum mining revenues fell by roughly 27% in May appeared first on The Block.

Ethereum mining revenues fell by roughly 27% in May

ApeCoin

The Apecoin community is in the midst of discussing whether or not the crypto asset should remain within the Ethereum ecosystem. While AIP-41 voting started today, the proposal's voting process will end on June 8, 2022, at 9 p.m. (ET). Meanwhile, the project's native token APE has lost 57% against the U.S. dollar in the […]

Apecoin Community Votes on Keeping APE Token in the Ethereum Ecosystem

Ethereum (ETH) is in a downward correction and continues its downward movement.

Ethereum Revisits $1,763 Low Twice as Bears Threaten to Short

Bitcoin

Bitcoin was once again trading above $30,000, as markets were anticipating the release of May's non-farm payrolls report. Whilst BTC was back in the green, ETH continued to trade lower, and as of writing is below $1,800. Bitcoin Following a drop in price on Thursday, BTC was back in the green on Friday, as traders […]

Bitcoin, Ethereum Technical Analysis: BTC Gains Prior to NFP Report, Following a Cross of Moving Averages

A new survey conducted by digital asset investing firm CoinShares is revealing three crypto assets attracting investment fund manager capital away from Ethereum (ETH). In the latest CoinShares' May 2022 survey, the digital asset investment firm says XRP, Cardano (ADA) and the native token of Polkadot (DOT) are all attracting more investor dollars as allocations to […] The post XRP and Two Blue Chip Altcoins Are Grabbing Investor Dollars Away From Ethereum (ETH), According to CoinShares appeared first on The Daily Hodl.

XRP and Two Blue Chip Altcoins Are Grabbing Investor Dollars Away From Ethereum (ETH), According to CoinShares

Dogecoin

Bitcoin traded above $30,000 at press time as the global cryptocurrency market cap rose 2% to $1.3 trillion over 24 hours leading up to Thursday evening. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) 2.3% 3.9% $30,397.74 Ethereum (CRYPTO: ETH) 1% 2% $1,832.45 Dogecoin (CRYPTO: DOGE) 2.5% 5.8% $0.08 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Internet Computer (ICP) +22.9% $9.37 Holo (HOT) +9.05% $0.0027 Moonbeam (GLMR) 8.6% ​​$1.34 See Also: Best Crypto Debit Cards Why It Matters: Price action surrounding major cryptocurrencies remains rangebound.

Bitcoin, Ethereum, Dogecoin Still Stuck In A Rut: What It Will Take For Crypto To Get Its Groove Back

Cardano

A widely followed crypto analyst says Ethereum (ETH) and two other altcoins are entering into key stages of their existence that will seemingly render them immune to the bear market. In a new market update, pseudonymous Coin Bureau host Guy tells his subscribers that leading altcoin Ethereum, smart contract platform Cardano (ADA), and privacy-focused blockchain […] The post Ethereum, Cardano and One Additional Crypto Project Entering Crucial Phases That Bear Market Can't Stop: Coin Bureau appeared first on The Daily Hodl.

Ethereum, Cardano and One Additional Crypto Project Entering Crucial Phases That Bear Market Can't Stop: Coin Bureau

Cosmos

Polkadot

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding As the Ethereum merge approaches, concerns about technical and centralization risks have begun to arise In the Cosmos and Polkadot ecosystems, developers are continuing to build protocols that leverage interchain connectivity in order to tap into a broader user base

Layer by Layer Issue 33: Ethereum, Cosmos and Polkadot

The CEO of an investment management firm founded by George Soros says cryptos have passed the test when it comes to appealing to traditional investors. In an interview with Bloomberg Wealth, Dawn Fitzpatrick of Soros Fund Management (SFM) tells host David Rubenstein that among the top two crypto assets, she believes Ethereum (ETH) will grab […] The post Head of George Soros' Family Office Predicts Ethereum (ETH) Will Gain Traction Over Bitcoin (BTC): Report appeared first on The Daily Hodl.

Head of George Soros' Family Office Predicts Ethereum (ETH) Will Gain Traction Over Bitcoin (BTC): Report

Despite a strong start to the week, bitcoin fell below $30,000 on Thursday, as crypto bears returned to action. Following an uncertain day of trading yesterday, bearish momentum has taken charge of markets, with ETH also in the red. Bitcoin Following a strong start to the month, BTC fell lower, dropping below $30,000 on the […]

Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,800, BTC Once Again Falls Under $30K

Algorand

Bitstamp has launched its Earn product to U.S. customers, allowing customers to earn interest on staking Ethereum and Algorand.

Crypto Exchange Bitstamp Launches Earn Product for Ethereum, Algorand in US

Avalanche

Pseudonymous crypto trader Altcoin Sherpa is outlining his outlook on several altcoins amid this week's market volatility. The analyst tells his 176,300 Twitter followers the native token for smart contract platform Avalanche (AXAX) could see a good short-term trading opportunity soon, though he doesn't think the asset has hit its “macro bottom” quite yet. $AVAX: […] The post Here's What's Next for Ethereum and Two ETH Rivals, According to Top Crypto Analyst appeared first on The Daily Hodl.

Here's What's Next for Ethereum and Two ETH Rivals, According to Top Crypto Analyst

The prices of Bitcoin and Ethereum, the world's two biggest cryptocurrencies, dropped by about 5% each in the past 24 hours.

Bitcoin, Ethereum Fall 5% as Markets Slump Into Correction Territory

Bitcoin, Ethereum and other major coins plunged on Wednesday evening as the global cryptocurrency market cap dropped 5.7% to $1.2 trillion at press time. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -6.5% 0.6% $29,759.98 Ethereum (CRYPTO: ETH) -6.6% -6.8% $1,815.84 Dogecoin (CRYPTO: DOGE) -6% 2.8% $0.08 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price PAX Gold (PAXG) +0.6% $1,848.82 WAVES (WAVES) +0.01% $9.03 TrueUSD (TUSD) -0.01% ​​$1 See Also:  Best Crypto Debit Cards What Happened: Bitcoin and Ethereum both declined more than 6% amid a wider rout in the cryptocurrency market on Wednesday.

Bitcoin, Ethereum, Dogecoin Crash: Analyst Says This Is When Crypto Can Decouple From Wall Street

Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts,” a Fidelity executive explained. Fidelity Expanding Crypto Services Fidelity Investments' digital assets subsidiary, Fidelity Digital Assets, […]

Fidelity Plans Hiring Spree to Expand Crypto Services to Include Ethereum Trading and Custody

ERC-1155 is a token standard that enables the efficient transfer of fungible and non-fungible tokens in a single transaction.

What is ERC-1155? Ethereum's Flexible Token Standard

A widely followed crypto analyst is outlining what he says are the “highest” probability moves for the two largest crypto assets by market cap. The crypto strategist known as Pentoshi tells his 557,700 Twitter followers he believes Bitcoin (BTC) will continue to rally in the short term toward its immediate resistance at $35,000. “Personally think […] The post Crypto Strategist Maps Out ‘Highest' Probability Moves for Bitcoin (BTC) and Ethereum (ETH) in Coming Weeks appeared first on The Daily Hodl.

Crypto Strategist Maps Out ‘Highest' Probability Moves for Bitcoin (BTC) and Ethereum (ETH) in Coming Weeks

Following yesterday's gains, both bitcoin and ethereum consolidated on Wednesday, as bullish momentum eased. After rallying above $32,000, BTC moved marginally lower during the hump-day session, while ETH once again fell below $2,000. Bitcoin BTC was trading lower on hump-day, as bullish sentiment slightly faded, following yesterday's price surge. Following a move to a nearly […]

Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate as June Kicks Off

In a possible signal toward easing the hostile environment and regulations for cryptocurrencies in India, a top government official said the country was drafting a cryptocurrency consultation paper. What Happened: Indian Economic Affairs Secretary Ajay Seth told the media that the paper was "fairly ready.

India Hints At Softer Regulatory Stance Toward Bitcoin, Ethereum, Dogecoin — Looks Into Taxing NFTs

As the crisis in Ukraine grows amid the Russian invasion, many fraudulent schemes and charities have been using the situation as a money minting opportunity. What Happened: The Federal Bureau of Investigation has warned U.S. citizens to remain cautious of fraudulent schemes that are seeking financial donations for the Ukraine crisis.

FBI Wants You To Be Wary When Donating Bitcoin, Ethereum, Dogecoin To 'Help Ukraine'

As Ethereum continues to lay the groundwork for its hotly anticipated transition to proof-of-stake (PoS), the network hit a major milestone on Tuesday with the launch of the Beacon Chain on the Ropsten test network (testnet).

Ethereum's Ropsten testnet is on the brink of a pivotal transition to proof-of-stake, but an unwelcome “reorg” rained on the Merge prep parade last week.

The Ethereum (CRYPTO: ETH) network recorded over 1.2 million failed transactions in May. What Happened: According to data from blockchain data explorer Blockchair, there were 1,23,998 failed ETH transactions recorded over the last month.

Ethereum Sees 1.2M Failed Transactions In May

Bitcoin remained above the $31,000 level, while Ethereum slipped into the red as the global cryptocurrency market cap slipped 0.55% to $1.31 trillion at press time on Tuesday evening. ​​ Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) 0.06% 7.31% $31,750.77 Ethereum (CRYPTO: ETH) -3.2% -1.9% $1,938.04 Dogecoin (CRYPTO: DOGE) -2.6% 2.8% $0.085 Top Gainers Over 24 Hours Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price WAVES (WAVES) +23.9% $9.23 Holo (HOT) +12.1% $0.003 Cardano (ADA) +8.7% ​​$0.62 See Also: Best Crypto Debit Cards Why It Matters: Cryptocurrency markets were mixed press time.

Bitcoin Holds Above $31K, Ethereum Slips: Why The Apex Crypto Presents A 'Generational' Buying Opportunity

The hotly anticipated OP airdrop is live, although some users have been unable to claim tokens due to high demand.

Ethereum Scaling Solution Optimism Airdrops Tokens to 249K Wallets

Financial services giant Fidelity is reportedly preparing to expand its crypto assets division, which is focused on appealing to institutional investors. In a new report, the Wall Street Journal says that Fidelity Digital Asset Services will be doubling its roster of crypto assets beyond that of just Bitcoin (BTC) to include leading smart contract platform […] The post Asset Management Titan Fidelity To Offer Ethereum (ETH) Trading and Custody Services: Report appeared first on The Daily Hodl.

News for Ethereum Crypto (ETH)