Over One Million Ethereum Worth $4.3B Burnt Since London Upgrade

The burning mechanism that was introduced as a part of the Ethereum London upgrade in early August has now destroyed more than one million ETH. Sponsored Sponsored The London hard fork in early August introduced EIP-1559, a mechanism to burn a portion of the transaction fees. Since then, 1,008,431 ETH has been burnt at the … Read more

Ethereum: Arrow Glacier inked for December as Difficulty Bomb is pushed again

Ethereum’s network is ready for its next upgrade, one which is scheduled at block number 13,773,000. Developers and investors are keeping a close eye on the network in light of the fact that POS Merge on the mainnet is fast approaching. Tim Beiko, chair of all core devs at the Ethereum Foundation, stated that the … Read more

Ethereum Tops $4,740 in New All-Time High Rally

Ethereum prices have reached their highest-ever levels during the morning of Nov 8. ETH is currently trading up 3.6% on the day and has made more than 10% over the past week. Sponsored Sponsored The world’s second-largest cryptocurrency by market capitalization has hit an all-time high of $4,744 according to TradingView. Ethereum is now trading … Read more

Analyst says Ethereum is ‘massively undervalued,’ despite recent ATH

Ethereum recently climbed up to an ATH of over $4,440. And at press time, ETH was still hovering over the $4,300 levels. While many consider this to be strong levels, analyst Lark Davis argued that Ethereum is massively undervalued in his latest podcast. Five events to factor in Speaking in the context of Ethereum’s use … Read more

Over 700,000 ETH burned; Merge may take Ethereum ‘toward deflation’

Ethereum 2.0 Altair Beacon Chain update had a successful start, with 98.7% of the nodes upgraded at the time. This marked an important step towards the Merge, the transition to a proof-of-stake consensus mechanism. Since July, Ethereum also underwent important upgrades, such as the London hard fork. This update incorporated a deflationary burning mechanism to … Read more

Ethereum Brushes New All-Time High a Week After Bitcoin

Ethereum (ETH) hit a new all-time high of $4,400, just over a week after Bitcoin (BTC) achieved the same feat. Sponsored Sponsored ETH is also riding the recent wave of enthusiasm in the cryptocurrency markets. Up nearly 55% since the end of September, ETH has now topped its previous record of $4,380 set in May, … Read more

As Altair upgrade nears, looking into Ethereum outperforming Bitcoin ‘at some point’

Ethereum’s transition to proof of stake (PoS) with new protocol upgrades is being implemented to support a seamless transition. Ahead of next week’s Altair Beacon Chain upgrade, ether’s price crested to a new all-time high of $4,361 on 21 October but then it gradually pulled back. However, the pertinent question is – can this more … Read more

Here’s why $15,000 isn’t really ‘far-fetched’ for Ethereum

Any avid crypto-Twitter user, would be quite familiar with the “ETH to $10k” talks doing the rounds lately. Right from analysts and educators to traders and investors, a host of community members strongly believe that the largest altcoin would be able to achieve the aforementioned target in the foreseeable future. Options traders, on the other hand, have … Read more

Why Ethereum POS will be a ‘more complicated upgrade’

Ethereum developer, Tim Beiko, recently updated on Twitter that the ETH POS Merge “will be a more complicated upgrade than past ones.” Therefore, he added that they will need some “extra buffer relative to their regular upgrade schedules” as they pushed up the EIP-4345 upgrade. He added, “A lot of the work will be towards … Read more

Ethereum can expect prices to hike when this happens

The Ethereum network has consistently been undergoing developments, over the years. All the upgrades and updates, by and large, intend to make the network more scalable, sustainable and secure. Presently, Ethereum is set to change its consensus mechanism from Proof-of-Work to Proof-of-Stake through a series of upgrades that will be marked by its transition to … Read more