Quick take: 14 Ethereum addresses with no NFT history purchased 159 Meebits between March 5th and March 11th These purchases were before Yuga Labs acquired the Meebit collection created by Larva Labs The transactions have raised accusations of insider trading However, NFTs and cryptocurrencies are yet to be fully regulated 14 new Ethereum (ETH) addresses
Ethereum
The amount of Ethereum’s native token Ether (ETH) kept with crypto exchanges has fallen to its lowest levels since September 2018, signaling traders’ intention to hold the tokens in hopes of a price rally in 2022. Notably, nearly 550,000 ETH tokens — worth around $1.61 billion — have left centralized trading platforms year-to-date, according to
8.56% of the total ETH supply is now in ETH2 deposit contracts. The merge on the mainnet — expected later this year — would increase the yield in staking ETH. The amount of ETH waiting to activate is also at an all-time high. The amount of Ethereum staked in the ETH2 deposit contract amounts to
Ethereum co-founder Vitalik Buterin graced the front page of Time Magazine this month after he interviewed the publication about the potential perils of the industry he helped create. During the 80-minute interview, Buterin explained the “dystopian potential” of digital assets if implemented incorrectly. Among his biggest worries are overzealous investors, high transaction fees and public
Layer-1 (L1) protocols are the foundation of the decentralized application ecosystem, with the Ethereum network dominating the landscape in terms of the number of protocols launched on-chain and total value locked (TVL), followed by BNB Chain and Fantom. As the sideways market of 2022 drags on and serious projects use the time away from the
It’s a hard rock life for one crypto user. A clumsy keystroke and the actions of a sniper bot caused a million-dollar mistake on March 10. A rock valued at 444 ether (ETH), or $1.2 million, sold for 444 Wei ($0.0012) to a bot as the seller, DinoDealer confused WEI and ETH. In a tweet, the
Quick take: ApeCoin (APE) has had an eventful first day of trading hitting an all-time high of $39.40 and a low of $6.48 APE has since stabilized at $7.44 after being listed on Gemini, FTX and Binance However, if history is used as a guide, ApeCoin (APE) could experience more losses before prices stabilize The
Ether (ETH) investors are having a rough time in 2022, with ETH accumulating 25% losses year-to-date as of March 17. Still, the cryptocurrency has bounced multiple times near $2,500 over the past couple of months, signaling a solid support level. Ether/USD price at FTX. Source: TradingView On March 15, Ethereum developer Tim Beiko announced that
On March 11,2022 our editors covered a Reddit thread, describing reasons why the Ethereum merge is very likely to happen in June 2022. We don’t normally take Reddit threads as gospel, but this comes from an active member of the Ethereum community Superphiz.eth who has been following the upgrade much more closely than most people
Ethereum’s native token, Ether (ETH), could reach back to $3,000 in March, backed by a mix of short-term technical, fundamental and on-chain catalysts. ETH’s price paints “symmetrical triangle” The first interim bullish outlook for Ether ironically comes from a bearish continuation pattern. Notably, ETH’s 50%-plus decline from its all-time high of around $4,650 on Dec.
Bitcoin (BTC) is witnessing a see-saw battle near $40,000 with both the bulls and the bears trying to gain the upper hand. The volatility could remain high as the markets await the United States Federal Reserve’s policy decision due on March 16. Analyst Willy Woo suggests that Bitcoin could witness a capitulation event based on
A hacker has made off with approximately $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI after using a “re-entrancy” attack on DeFi lending protocol applications Agave and Hundred Finance. The attack comes within 24 hours of news breaking of the Deus Finance exploit, where hackers stole over $3 million in
Quick take: Yuga Labs is planning virtual land sales this month and later in August The goal is to raise hundreds of millions of dollars as part of its metaverse initiative to expand beyond NFTs Yuga Labs aims to create a gaming metaverse, named MetaRPG MetaRPG will be compatible with other NFTs and powered by
On Tuesday, Ethereum (ETH) developer Tim Beiko tweeted that Kiln successfully passed the Ethereum Merge, with validators producing post-merge blocks containing transactions. Kiln will be the last Merge testnet (formerly Ethereum 2.0) before existing public testnets are upgraded. “Merge” involves taking Ethereum’s Execution Layer from the existing Proof of Work layer and merging it with
On Tuesday, ConsenSys, the leading Ethereum and decentralized protocols software company with product suites such as MetaMask, Infura and Truffle, announced the close of a $450 million Series D funding round led by ParaFi Capital. Notable new investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures and C Ventures. The deal more than
Binance, the world’s biggest crypto exchange by trading volume, announced earlier on Tuesday that it will be temporarily pausing deposits and withdrawals for Polygon (MATIC) Network. The announcement came in the wake of the Polygon network’s outage since March 11 after a network upgrade. The crypto exchange noted that it would reopen the deposit and
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