Category: Ethereum

Ethereum miners brought in $262 million in revenue last month

Ethereum miners brought in $262 million in revenue last month

Miners on the Ethereum network made roughly $262 million in revenue during November, an increase over October’s figures. Of that amount, $64.1 million in revenue came in the form of transaction fees. Transaction fees on Ethereum spiked earlier this year amid a rise in DeFi-related activity and the associated costs of constructing complicated actions. November […]

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Crypto exchange Kraken says it will match $150K in Ethereum developer grants on Gitcoin

Crypto exchange Kraken says it will match $150K in Ethereum developer grants on Gitcoin

Kraken, the U.S.-based crypto exchange, said Thursday that it would match $150,000 in developer grants via the Gitcoin fundraising platform. In a blog post, the exchange said “[t] grants will mark Kraken’s first-ever donation to an Ethereum project, a development we feel recognizes the project’s maturity both as an asset and as a platform for […]

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Bitcoin Price to Hit $36,000 in 2021: Kraken Crypto Sentiment Survey

From what happened in the last couple of weeks, it appears that the crypto bull market is upon us. Bitcoin has been consistent with its volatility-induced rallies, and this is infusing confidence in investors. So much, so that VIP clients in Kraken’s latest Crypto Sentiment Survey say that BTC will skyrocket to about $36,000 in […]

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Ethereum: Publicly traded company participates in staking – demand for ETH increases

Ether Capital Company runs an Ethereum 2.0 validation node and participates in the delegation process to obtain staking rewards. Messari researcher Ryan Watkins predicts increased demand for ETH after the launch of the Beacon Chain. In a press release, Ether Capital Corporation announced that it has staked funds to the Ethereum 2.0 network. In addition, […]

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Bitcoin, Ethereum and XRP (Ripple) are “quasi-monetary units”, says IMF

According to the International Monetary Fund (IMF), Bitcoin, Ethereum and XRP (Ripple) are classified as “quasi-monetary units”. In the case of the introduction of a Central Bank Digital Currency (CBDC), cryptocurrencies would have to be clearly delineated.  The International Monetary Fund (IMF) recently published a working paper entitled “Legal Aspects of Central Bank Digital Currency: […]

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Breaking: Visa Partners With Ethereum Based U.S. Dollar Coin [USDC]

Visa known for its credit cards today announced a partnership with U.S. Dollar Coin [USDC] built on ethereum [ETH] blockchain. This announcement comes just few days after ethereum completed its much awaited ETH 2.0 update. Many crypto experts are seeing this as a bullish sign for crypto industry. 60 Million Merchants on Visa’s network to […]

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Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year

Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year

A number of masterminds from the Plustoken scam were sentenced to 11 years in prison for defrauding cryptocurrency investors. Last week, on November 19, a court ruling had shown the Chinese government said that it seized over $4 billion in crypto assets from the Plustoken scam. Meanwhile, onchain sleuths believe the Chinese government may have […]

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Decentralized exchanges post $17 billion in volume for November, continue monthly decline from September peak

Decentralized exchanges post $17 billion in volume for November, continue monthly decline from September peak

Decentralized exchanges posted a total of $17.06 billion in trade volume for November, continuing a decline from September’s volume peak of $26.26 billion, according to data collected by The Block Research. As seen in past months, the volume was dominated by Uniswap, though that marketplace’s month-over-month volume fell from $11.2 billion to $9.91 billion, per […]

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Ethereum 2.0: Phase 0 successfully launched, will the price go up?

Ethereum 2.0: Phase 0 successfully launched, will the price go up?

The launch of Ethereum 2.0 Beacon Chain has been successful with over 27,000 validators. Ethereum’s co-founder predicts greater security and decentralization for the Beacon Chain-based network. Years of work have materialized with the successful deployment of phase 0 of Ethereum 2.0. Known as Serenity, the Beacon Chain marks the beginning of the migration of Ethereum […]

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