Search
8 Ethereum Miners Wield ‘Overwhelming Influence’ Over the Network
7.7.2020
The Ethereum (ETH) network is dominated by just over 50 powerful mining pools – with an inner cabal of eight maintaining the lion’s share of the blockchain, according to the findings of a new report.
The ConsenSys-produced “The Ethereum Proof of Work” report concluded that as recently as Q2...
Liquidity Mining is 'Like Uber' Giving Shares to Early Drivers & Riders
7.7.2020
DeFi's latest hit is yield farming with millions of dollars worth of tokens distributed each month. It's boosted by liquidity mining, which today is like Uber giving shares to early drivers and riders, argued a researcher.
DeFi (decentralized finance) commonly refers to the protocols, digital...
Ethereum Pulls Away from Competition in Dapp Dominance Race
7.7.2020
The Ethereum (ETH) network almost doubled its number of active dapp users in the second quarter of 2020, increasing by 97% to close to 1.259 million users and logging a new all-time-high, per a new report from Dapp.com.
The Dapp.com data shows that from April to June this year, the roughly...
Vitalik Buterin Pushes for Rollups as Ethereum's Scaling Solution
1.7.2020
Vitalik Buterin. Source: a screenshot, YouTube/ETHWORLD.
Vitalik Buterin, Co-founder of Ethereum (ETH), reiterated that rollups are the way to go when it comes to the network's scaling issue. They'll likely be the main solution for at least two years, he suggested.
As is all too well known, terms...
Put-to-Call Ratio Rises as Ethereum Options Market Sets New Record
1.7.2020
Source: Adobe/djjeep_design
Despite a new record in the overall interest in ethereum (ETH) options trading seen yesterday, the market may be sending a signal that some ETH holders are hedging their bets on the second-most valuable cryptoasset.
The increasing hedging, which may perhaps stem from...
Ethereum 2.0 First Public Multi-Client Testnet To Go Live Next Week
26.6.2020
Source: Adobe/knssr (edited by Cryptonews)
Ethereum community continues to prepare for the long-awaited Ethereum 2.0 upgrade as its developers have made two major achievements towards the launch of the so-called Phase 0, reported Etereum 2.0 coordinator and developer Danny Ryan.
Firstly, Ethereum...
Ethereum Transaction Fees Rise Further, Gap with Bitcoin Narrows
24.6.2020
As transaction fees on the Ethereum (ETH) blockchain continue to rise, some are warning that the network's competitors may benefit if the issue is not dealt with. Meanwhile, the gap between the number 1 and number 2 coins by market capitalization got a lot narrower – as the former's fees dropped...
Reddit Asks Ethereum Community for a Scaling Solution
19.6.2020
Reddit is working on scaling its recently added Ethereum (ETH) crypto rewards system, and has asked its own community to lend a hand.
"Ethereum" and "scaling" are words that are often paired together. But as the network moves towards its second iteration, named Ethereum...
Sender of USD 5.3 Million ETH Transactions Reportedly Revealed
17.6.2020
It seems that the victim of last week's USD 5.28 million Ethereum (ETH) fee transactions has been revealed.
Blockchain analytics and security firm PeckShield claims to have identified the sender - a South Korean peer-to-peer crypto exchange Good Cycle. Furthermore, this small exchange...
Stablecoin Volume Now 5x ETH Volume on Ethereum – Report
17.6.2020
Stablecoin volume on Ethereum (ETH) is now up to 5 times greater than the on-chain volume of the network’s native token, ETH, a new report from blockchain analytics firm Glassnode reveals.
More precisely, the combined volume of all stablecoins on Ethereum surpassed the ETH volume a year ago,...
South Korean Police Bust Suspected USD 41.5M Ethereum Crime Ring
12.6.2020
Police in Seoul, South Korea, have searched and seized data from at least two unnamed crypto exchanges in the hunt for the masterminds of a suspected ethereum (ETH) fraud ring believed to be worth at least USD 41.5 million.
Per reports from KBS and Joongang Ilbo, the ring made use of multi-level...
Ethereum Transaction Fee Mystery Just Got More Mysterious
12.6.2020
Yet another abnormal ether transaction occurred on the Ethereum (ETH) blockchain for the third time. Now, someone transferred ETH 3,221 (USD 762,990) with a somewhat lower transaction fee of ETH 2,310 (USD 544,028).
The transaction occurred on the block 10247265, on June 11, 12:14 PM UTC time....
Another USD 2.6M Paid in Ethereum Fees - Many Doubt it's a Mistake
11.6.2020
Source: Adobe/djjeep_design
Another USD 2.6 million in fees was paid for a different Ethereum (ETH) transaction, and people are doubting that this is a mistake as previously thought.
The Cryptoverse was surprised by yet another small value sent with a dizzying fee within 24 hours. Compared...
The Most Dizzying Fee 'By Far' Paid for an Ethereum Transaction Today
10.6.2020
So, somebody today sent over USD 100 worth of ethereum (ETH) for a fee of over USD 2.5 million. Yes, in that order. The transaction caused an uproar in the Cryptoverse.
Per transaction details, this person sent ETH 0.55, at the time worth USD 133.93, but they paid a whopping ETH 10,669, or USD...
DeFi Capitalization Doubles In Two Months; Up To 1K New Users Per Day
9.6.2020
The total market capitalization for decentralized finance (DeFi) products, total value locked in DeFi, and staking-ready Ethereum (ETH) wallets - are all seeing their numbers grow. At the same, the number of new users coming to DeFi might be up to 1,000 a day.
We’re "still very early...
'Ethereum-Based' LIBOR Alternative Gets a Nod From Fed Chairman
4.6.2020
Jerome Powell. Source: a video screenshot, Youtube/CNBC Television
The US Federal Reserve (Fed) Chairman Jerome Powell has seemingly expressed support for an "Ethereum-based" replacement of LIBOR, the average interest rate at which major global banks borrow from one another, stressing...
Did Vitalik Buterin Just Say That Ethereum Is Now More Important Than Bitcoin?
3.6.2020
Vitalik Buterin. The crypto space needs to acknowledge and adjust to the reality that finance is no longer as important as it was in the last decade, and embrace the current shift from crypto as finance to include crypto as decentralized entities as well, Ethereum (ETH) co-founder Vitalik Buterin...
Ethereum's Layers, Mining moves, Swiss Bitcoin Banking + More News
2.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain news
Ethereum (ETH) co-founder Vitalik Buterin said that the initial deployment of Ethereum's layer 2 scaling strategy...
These High Profile Bitcoin Investors Accumulate Ethereum Too
1.6.2020
Source: Adobe/H_Ko
Following strong price gains this year, prominent bitcoin (BTC) investors are revealing their growing interest in ethereum (ETH).
The most recent example is Garry Tan, Co-founder of venture capital firm Initialized Capital, and one of the early investors in major crypto exchange...
Ethereum is Close to Being Flipped on its Own Blockchain - Analyst
29.5.2020
ERC20 tokens are taking over the Ethereum (ETH) network, potentially hurting the network's own coin ETH, according to an analyst. But all is not grim.
The ERC20 standard tokens are approaching 50% of the total value stored on Ethereum and "ETH is increasingly close to being flipped on its...