Category: Ethereum

Ethereum Token Burn: Is there a Timeline to See its Impact on Price?

Since the London Hardfork upgrade, also known as the EIP 1559 went live on the Ethereum blockchain, the total number of tokens that has been burnt on has recently surpassed the $1 billion benchmark. Since the hardfork turned the Ether coin into a deflationary digital currency on August 5, a total of 320380.7 coins have […]

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Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC on ETH, Lending on ETH Taps $44 Billion

Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC on ETH, Lending on ETH Taps $44 Billion

In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen dramatically to $171 billion today. On the Ethereum network, there’s 270,783 bitcoin held in TVL worth more than $13 billion and $15 billion has been […]

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EY Taps Polygon Network to Improve Enterprise Clients’ Experience 

Major multinational professional services company Ernst & Young (EY) announced the adoption of the Polygon protocol for the deployment of its blockchains to provide faster transactions and lower costs for its enterprise clients who transact on the Ethereum mainnet. EY Clients Can Now Access Polygon Network The “Big Four” consulting firm stated in the press […]

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Does Ethereum (ETH) Risk Becoming a Security After Transition to PoS ETH 2.0?

The debate around security regulations in the US has hit the peak with the Ripple-XRP lawsuit that has now been aggravated by SEC’s lawsuit threat to Coinbase over an unreleased stablecoin lending services. Now with the XRP lawsuit nearing towards a possible end, Ethereum’s security status has become the biggest deabte especially with former SEC […]

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Over 2,300 Cardano Smart Contracts Are Waiting in Timelock, ADA Price Slides 20% Over 2 Weeks

Over 2,300 Cardano Smart Contracts Are Waiting in Timelock, ADA Price Slides 20% Over 2 Weeks

Following the successful Alonzo hard fork, the Cardano network now has a large swathe of new smart contracts. However, developers must wait to use them as they are locked in a timelock contract. At the time of writing, metrics show an aggregate total of 2,352 smart contracts since the Alonzo upgrade was implemented. Cardano Has […]

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Project lead behind $2.8 billion DEX Sushiswap is set to step down

Project lead behind $2.8 billion DEX Sushiswap is set to step down

An anonymous leader at decentralized exchange protocol Sushiswap — Maki — is set to step aside from his position with the project, according to a well-placed source.  Sushiswap gatecrashed the so-called decentralized finance space last summer, piggybacking on the success of predecessors like Uniswap. DEXes provide a way for crypto traders to swap tokens peer-to-peer. […]

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‘Kia Sedona’ NFT sale goes belly up as contractor allegedly runs off with $3 million

‘Kia Sedona’ NFT sale goes belly up as contractor allegedly runs off with $3 million

There have been all sorts of swindles, scams and rug pulls in the rapidly developing market for non-fungible tokens, or NFTs. But this one stands out as rather peculiar. For a start, the NFT sale itself was quite strange. The whole idea was based around a recent meme on crypto Twitter, that of the Kia […]

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Vitalik Buterin Among Time’s 100 Most Influential People of 2021

Vitalik Buterin Among Time’s 100 Most Influential People of 2021

Vitalik Buterin, a co-founder of Ethereum, the second-largest cryptocurrency by market cap, has made Time magazine’s list of the 100 most influential people of 2021. The programmer was listed as an innovator, and Time valued his ability to empower other creators with his continued support for Ethereum and all the things that its prime feature, […]

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Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K Ether Burned Following EIP-1559 More than a billion dollars worth of […]

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