Ethereum (ETH) has made headlines for turning deflationary two weeks ago despite underperforming Bitcoin. According to Ultrasound Money, the second-largest cryptocurrency’s net issuance or annualized inflation rate dropped below zero on Jan. 15. This means that the leading smart-contract blockchain is now burning more ETH than what is being minted, which is in contrast to … Read more
Ethereum developers have successfully deployed the first mainnet shadow fork in preparation for the Shanghai upgrade. This upgrade is due in March and will allow validators to unstake their ETH. The Ethereum network has taken a step forward with respect to the Shanghai upgrade. The development team successfully deployed its first mainnet shadow fork in … Read more
The Ethereum staking narrative has been gaining momentum recently. Liquid staking platforms will benefit when the Shanghai upgrade is deployed, but centralized exchanges could also get a boost. According to JP Morgan analysts, the March-slated Ethereum Shanghai upgrade could be a big deal for exchanges such as Coinbase. The upgrade will implement EIP (Ethereum Improvement … Read more
The long-awaited Ethereum Merge was the network’s crowning achievement in 2022, but there are still proposals and upgrades to contend with in 2023. The Ethereum Foundation and research team have been addressing emergent issues and progress in the maximal extractable value (MEV) domain, according to a compilation by Ethereum. The transition of the Ethereum mainnet to proof-of-stake … Read more
Ethereum will be kicked out of the Paxful marketplace due to the Proof-of-Stake transition. The founder believes that ETH is not decentralized. Ray Youssef, the founder and Chief Executive Officer of Paxful marketplace, announced through Twitter that they would remove ETH from the marketplace to make 11.6 million users safer. Paxful is a global peer-to-peer … Read more
Global credit giant Visa has been researching smart contracts and programmable payments. The firm wants to let Ethereum holders set up automatic payments. Visa has announced a proposal to enable Ethereum holders to set up programmable payments from their own self-custodial wallets. Furthermore, the concept would eliminate banks and centralized third parties from the transactions. … Read more
Large amounts of Ethereum are on the move as previously inactive whale accounts wake from a five-year slumber. On Dec 19, on-chain analysis Twitter feed ‘Lookonchain’ reported that two dormant Ethereum addresses have started to show activity. The addresses have not been active for five years but woke up on Dec. 18. Two transfers totaling … Read more
Bitcoin (BTC) price finally broke out from a resistance area that had been in place since the beginning of the month. Meanwhile, Ethereum (ETH) price is currently attempting to do so and Ripple (XRP) price could soon follow. Bitcoin Price Prediction: BTC Finally Breaks Out Bitcoin, the digital asset created by Satoshi Nakamoto, has increased … Read more
Ray Youssef, CEO and co-founder of Paxful, has asked investors on centralized crypto exchanges to withdraw their holdings. Youssef also revealed contentious measures the exchange will take in the aftermath of the FTX collapse. In a Twitter thread this week, Youssef reiterated “self-custody.” He said, “I’m messaging all of our users to move your Bitcoin … Read more
In the final All Core Developers meeting for the year on Dec. 8, 2022, Ethereum developers agreed to roll out the anticipated Shanghai upgrade in March 2023. The Shanghai upgrade, formally known as Ethereum Improvement Proposal 4895, would allow validators to withdraw their staked ETH from the Beacon Chain consensus layer after the successful completion … Read more
