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Ethereum 2.0 Deposit Threshold Met: Proof-of-Stake ‘Beacon’ Chain Starts in 7 Days

November 24, 2020 32 ether, 694368 ether, Altcoins, Beacon Chain, Beacon Chain Launch, Contract Requirements, December 1, ETH, ETH 2.0, ETH 2.0 upgrade, ETH Blockchain, Ethereum, Ethereum (ETH), Ethereum Foundation, Ethereum Upgrade, Hsiao-Wei Wang, Hudson Jameson, PoS, PoS revenue, Proof-of-Stake, Smart Contract Eddy 0

The Ethereum network’s ETH 2.0 contract has crossed the threshold needed to initiate the upcoming upgrade. Currently, there’s more 694,368 ether worth over $422 million resting in the contract, as developers hope the proof-of-stake launch will begin on December 1. At the end of the first week of November, the Ethereum Foundation initiated the first […]

Ethereum 2.0 is ready for launch on Dec 1 after surge in deposits

November 24, 2020 Blockchain, ETH 2.0, Ethereum, News Eddy 0

The Ethereum 2.0 deposit contract has reached 524,288 Ether from 16,384 validators. The contract reached the threshold nine hours before the deadline, enabling the launch of ETH2 phase 0 on December 01. The launch of Ethereum 2.0 has been confirmed for December 1 after a late surge in deposits. Just one day before the deadline, […]

Ethereum 2.0 All Set For December 1st Launch As ETH Rallies Past $600

November 24, 2020 AA News, Crypto News, ETHBTC, Ethereum, Ethereum (ETH) Price, Ethereum 2.0, ETHUSD, social Eddy 0

The much-anticipated upgrade of Ethereum from version 1 to version 2.0 will finally happen on December 1. This confirmation comes after the deposit contract fulfilled its ETH staking objective. ETH prices responded to the development by blasting past the $600 level. Ethereum 2.0 Deposit Contract Fulfils Staking Objective The Ethereum 2.0 deposit contract has met […]

Eth2 deposit contract passes threshold needed for Phase 0 to launch on December 1

November 24, 2020 Beacon Chain, ETH2, Ethereum, sharding Eddy 0

It’s official: the initial phase of Eth2’s multi-stage launch will begin on December 1. That’s because the deposit contract address, in which ETH is deposited for staking on the yet-to-launch network, passed the threshold — some 524,288 ETH — needed to initiate the beacon chain launch. The beacon chain can be thought of as a […]

Aggregated open interest on Bitcoin, Ethereum options hit all-time highs this weekend

November 23, 2020 Bitcoin, Cryptocurrency, Ethereum, Open Interest, options Eddy 0

The aggregated open interest on bitcoin options reached $4.53 billion on Nov. 22, having grown $1.13 billion since Nov. 15. That’s nearly a 25% increase in a week, according to data from The Block Research. In addition to Bitcoin, the aggregated open interest on Ethereum options reached $780.05 million. Ethereum option open interest jumped $221.09 […]

ETH price nears $600 as proposed genesis date for Eth2’s Phase 0 approaches

November 23, 2020 ETH, Ethereum, Markets, Prices Eddy 0

The price of ether (ETH), the native cryptocurrency of the Ethereum network, is up more than 10% in the past twenty-four hours. ETH is trading hands at roughly $597 on Coinbase as of the time of writing, a day-over-day increase of just over 11%. According to data published by TradingView, the day’s high on Coinbase […]

Eth2 staking deposits reach 60% of the threshold needed for Phase 0 launch

November 23, 2020 ETH, ETH2, Ethereum Eddy 0

The Ethereum 2.0 staking deposit contract has reached 60% of the threshold needed for Phase 0 launch, as of this writing. The remaining 40% of the target must be met by Tuesday 12 UTC (7: 30 am EST), for the Eth2 Phase 0 launch to happen on its earliest possible date, i.e., December 1. The […]

Ethereum on the way to crack $850 and 274,000 ETH staked

November 23, 2020 ETH, ETH2, Ethereum, News Eddy 0

The number of ETH in the Deposit Contract has recently jumped to over 274,000 ETH. The Community remains optimistic for the launch of the Beacon Chain on December 01. Experts forecast a possible price increase from ETH to $850 if the resistance at $600 can be overcome. As we have already reported, there was considerable […]

Ethereum Steals Some Thunder from Bitcoin

November 23, 2020 Bitcoin, Ethereum, market Eddy 0

Markets are looking to start the week bullish on optimism that coronavirus vaccinations may occur at a speed faster than anticipated. As vaccine manufacturers submit their solutions for approval, there is a sense that the long coronavirus winter may be in sight. As a result Asian markets opened stronger this week, with Tokyo’s Nikkei 225 closed for a […]

Ethereum 2.0: Deposit Contract close to 50% with 235,168 ETH

November 22, 2020 ETH, Ethereum, News Eddy 0

The amount of Ethereum delegated in the deposit contract reaches its highest level with 235,168 ETH enclosed. Around 100,000 ETHs could be delegated to Eth2 by November 23 this year. In the last week, the Ethereum community has been on the alert for the possible launch or delay of phase 0 of Eth2. The deposit […]

Tag: Ethereum