Ethereum is a decentralized platform that can be used for currency and various applications. Ether (ETH) is the platform’s primary currency.
One of Ethereum’s most prominent features is its capability to support smart contracts. The platform was created by Canadian developer of Russian origin, Vitalik Buterin, and a few other co-founders when it was just 20 years old. Launched on July 30, 2015, Ethereum’s digital currency, Ether, ranks second in terms of market value, with a market capitalization of $24 billion as of February 10, 2020, following Bitcoin.
For the latest information, news, and evaluations about Ethereum, visit uzmancoin.com!
Ethereum is a decentralized platform that can be used for currency and various applications. Ether (ETH) is the platform’s primary currency.
One of Ethereum’s most prominent features is its capability to support smart contracts. The platform was created by Canadian developer of Russian origin, Vitalik Buterin, and a few other co-founders when it was just 20 years old. Launched on July 30, 2015, Ethereum’s digital currency, Ether, ranks second in terms of market value, with a market capitalization of $24 billion as of February 10, 2020, following Bitcoin.
For the latest information, news, and evaluations about Ethereum, visit uzmancoin.com!
Last night’s big U-turn from the SEC on Ether spot ETFs prompted analysts to raise the approval rate from 25% to 75%. ETF analyst Eric Balchunas believes that the upcoming elections in the US are behind this change.
While positive Ether ETF news from the US sent the two major cryptocurrencies soaring, ETH also shed its dead weight. Ether gained $590 on a daily basis, adding $70 billion to its market capitalization. Analytics firms expect the price to exceed $4,000 over time.
Michael Sonnenshein, CEO of Grayscale, has left his position. The crypto fund management company decided to replace Sonneshein with Peter Mintzberg, a Goldman Sachs executive.
The whale account, which bought more than 100 thousand Ether in 2022 at a time when cryptocurrencies were experiencing declines, made a partial profit realization today. The whale’s total profit exceeded $170 million.
The US Department of Justice (DOJ) announced the arrest of two brothers who “attacked the Ethereum blockchain” and managed to steal $25 million worth of crypto in 12 seconds. “Such an attack is the first of its kind and has never been seen before,” the DOJ statement said.
Contrary to expectations, Bitcoin’s sharp rise to $73,000 did not help altcoins. While many crypto investors suffered huge losses, especially in the BTC parity, a whale’s million-dollar purchases also resulted in a huge loss.
CEO Michael Sonnenshein talked at Grayscale, a company that has been much talked about with its Bitcoin spot ETF sales but also received investment in this fund for the first time last week. Explaining why they withdrew their Ether futures ETF applications at a conference he attended, Sonnenshein said, “At Grayscale we decided to focus our energy on our spot products. That’s really core to our DNA,”
Vitalik Buterin and a number of developers signed a recent paper proposing EIP-7702 as an alternative to EIP-3074. The new proposal envisions regular Ethereum user addresses, also known as EOAs, temporarily acting as smart contracts for account abstraction.
Grayscale withdrew its application for a futures-based Ethereum ETF in September 2023. The company’s spot Ethereum ETF application, which was highly anticipated by the market for approval or rejection, remains in effect. It is not yet known why the futures ETF was withdrawn. ETF experts
After receiving a backlash from the community following its recently completed airdrop, the Eigen Foundation has decided to give at least 100 more tokens to those who are qualified.