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$5.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months
21.3.2022
This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every...
Crypto Exchanges Facing 'Fork in the Road' Over Russia Sanctions - London Stock Exchange Group CEO
17.3.2022
Amid the West’s intensifying efforts to punish Russia’s authorities for their invasion of Ukraine, crypto exchanges are facing long-term damage to their industry if they decide to remain active in the Russian market, according to David Schwimmer, CEO of the London Stock Exchange Group....
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Wasabi Wallet to Begin Censoring Coinjoin Transactions
15.3.2022
Wasabi Wallet, a privacy-oriented bitcoin-only wallet, has announced it will start introducing censorship methods into its mixing procedures. The announcement was made on social media, where the official account of Wasabi explained that a blacklist will prevent some UTXOs (unspent transaction...
The Upgrade and Hard Fork for the Theta Network Will Be Supported by Binance
11.3.2022
Binance is a crypto exchange platform that has earned a reputation for being the biggest crypto exchange platform across the globe. At the time of writing, Binance is offering support to 90 million users who have registered on the platform. They are at their liberty to trade more than...
Ethereum After 1559: Network Nears 2 Million ETH Burned Worth Over $6.9 Billion
26.2.2022
Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so a fraction of gas is destroyed during the transaction process and to date, 1,915,220 ether has been...
Ethereum Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High Fees
6.2.2022
Ethereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas problem and current scaling issues. Buterin talked about adding a feature like “blob-carrying transactions” in a “near-future hard...
Bitcoin SegWit adoption lags among major exchanges: Glassnode
4.2.2022
A Glassnode report reveals that cryptocurrency exchanges some major exchanges are still holding despite being heavy consumers of Bitcoin block space
Ascending channel pattern sets Polygon (MATIC) up for a potential 30% rally
13.1.2022
A bullish technical analysis pattern and the potential approval of the EIP-1559 proposal could back MATIC’s attempt to rally to a new all-time high
1 Hard Fork, 2 DAOs, 24 Exchanges, 2022 Years and 20 Crypto Jokes
1.1.2022
The last week of crypto 2021 is now behind us. Let’s do a short recap....
Read More: 1 Hard Fork, 2 DAOs, 24 Exchanges, 2022 Years and 20 Crypto Jokes
Polygon Justifies Its Quiet Hard-Fork Citing 'Critical Vulnerability'
29.12.2021
Earlier this month, the popular Ethereum (ETH) layer-2 solution Polygon (MATIC) carried out a hard-fork, though in silence and with no official explanation. Now, exactly 24 days later, it justified its actions in a postmortem, citing a critical vulnerability that could have drained the network...
Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed
28.12.2021
With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether...
Ethereum L2 Scene Heats Up With Boba Network Taking Second Spot in TVL
28.11.2021
Boba Network, a recently released L2 layer for Ethereum, has quickly jumped to second place in TVL (total value locked) among all expansion layers. Boba, which is a fork of Optimism, another L2 layer based on rollups, reached more than $1 billion in TVL, surpassing Optimism. This is likely due...
Ethereum Has Burned More Than a Million ETH Over the Last 3 Months
24.11.2021
111 days ago, the Ethereum network implemented the London hard fork upgrade which added a mechanism (EIP-1559) that changed Ethereum’s fee rate to a new scheme that makes the crypto asset ether deflationary. Since then 1 million ether has been burned or the equivalent of around $3.8 billion...
Bitcoin Core Releases Taproot Soft Fork
15.11.2021
Bitcoin Core recently succeeded in its controversial Segwit update with the Taproot soft fork upgrade. It is the first upgrade since 2017, taking place at block 709632 and 2493 transactions. A soft fork requires a consensus majority, while a hard fork asks for the entire network’s agreement. Given...
BREAKING: The Bitcoin network welcomes Taproot soft fork upgrade
14.11.2021
Taproot soft fork introduces the concept of Merkelized Abstract Syntax Tree (MAST) to improve the scripting capabilities and privacy of the Bitcoin network
Moonshot to $90K — After Bitcoin Upgrade Taproot Activates, Crypto Advocates Expect the Price to Rally
13.11.2021
In mid-June, the ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot locked in at block height 687,285 and was mined by the bitcoin mining pool Slushpool. Taproot is expected to activate on the network on Saturday, November 13, 2021, and the upgrade is considered...
Ethereum 'has to bounce' as ETH bulls pin $5K rally hopes on critical support channel
12.11.2021
Many analysts agree that the "dynamic support" could boost accumulation sentiment in the Ethereum market
Bitcoin soft fork days away as Taproot upgrade closes in
7.11.2021
The Taproot upgrade was set for deployment after achieving a 90% consensus among the Bitcoin miners (mining nodes)
Investors rug-pulled after pouring $57M into dog-themed OlympusDAO fork
1.11.2021
Hong Kong police have reportedly been notified of the incident, with the primary suspect having filed a police report and handed a computer over to authorities
Ether Inferno: Ethereum Network Burned Over $2.4 Billion Worth of ETH in 87 Days
31.10.2021
87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that...