A naukri.com initiative
Ethereum News
Bitcoinist
3h
299
Image Credit: Bitcoinist
Ethereum’s Rally Loses Steam: Analyst Foresee A Possible Brief Correction
- Ethereum's rally loses steam as analysts foresee a possible brief correction.
- IC News suggests that Ethereum may enter a temporary corrective phase due to overbought conditions and profit-taking by investors.
- The altcoin is approaching a critical resistance level at $3,600, which could trigger a period of correction.
- Despite the correction, Ethereum shows bullish potential with a mid-term price target of $5,450.
Read Full Article
18 Likes
Pymnts
10h
60
Image Credit: Pymnts
LayerZero Enables PayPal USD Stablecoin Transfers Between Ethereum and Solana
- PayPal USD (PYUSD) stablecoin now uses LayerZero's Omnichain Fungible Token (OFT) Standard to enable transfers between Ethereum and Solana.
- Integration provides fast, secure, and cost-effective transactions for users and businesses.
- PYUSD users can transfer assets between blockchains without centralized platforms like Venmo or PayPal.
- The security stack includes Paxos, Google Cloud, and LayerZero Labs as verifiers to ensure protection for transfers.
Read Full Article
3 Likes
Knowridge
13h
352
Image Credit: Knowridge
Researchers reveal how predatory trading tactics threaten Ethereum rollups
- Ethereum rollups, off-platform systems that handle high transaction volumes faster, may be vulnerable to predatory trading tactics.
- Researchers have discovered three new ways for manipulative traders to profit by exploiting transaction timings on Ethereum rollups.
- These tactics, such as sandwiching, were previously known to occur on Ethereum but were not thought possible on rollups.
- Researchers estimate that predatory traders made around $2 million in profits by exploiting these vulnerabilities.
Read Full Article
21 Likes
TheCryptoBasic
17h
272
Image Credit: TheCryptoBasic
Why Ethereum Is Falling Short of Bitcoin and Solana’s Explosive Growth in This Bull Season
- Ethereum's short-term price action is influenced by its shift toward a modular architecture, benefiting Layer 2 tokens.
- Ethereum has encountered resistance at $3,386, leading to a 6.59% price decline in the past 24 hours.
- However, Ethereum's performance in recent years has lagged behind Bitcoin and Solana in terms of growth.
- Ethereum's embrace of modular architecture has affected its short-term price momentum, but positions it for long-term dominance.
Read Full Article
16 Likes
Blockonomi
18h
195
Image Credit: Blockonomi
Ethereum (ETH) Price Action Shows Strong Momentum as Bulls Target $4,000 Level
- Ethereum (ETH) price surpasses $3,400, reaching a new monthly high with a 35% increase in the past week.
- Positive funding rates indicate strong buyer demand and market confidence.
- Technical support levels established at $3,250 and $3,150 with resistance at $3,450.
- Current price movement shows consolidation after breaking above $3,220, but market analysts warn of potential overheating.
Read Full Article
11 Likes
TheNewsCrypto
21h
334
Image Credit: TheNewsCrypto
Can Ethereum Overcome $3.5K as Vitalik Pushes for Upgrades?
- Vitalik Buterin shares Ethereum's upgrades for decentralization, censorship resistance, and quantum security.
- Despite the bullish market, ETH struggles to break $3,500 resistance.
- Ethereum aims to scale for over 100K transactions per second on layer-2 solutions.
- Vitalik's active engagement aims to expand Ethereum's reach while ETH lags behind the current bull run.
Read Full Article
20 Likes
Newsbtc
1h
240
Image Credit: Newsbtc
Ethereum Price Hints at Downside Correction: Will Support Hold?
- Ethereum price started a downside correction from the $3,450 zone.
- The price is trading above $3,120 and the 100-hourly Simple Moving Average.
- There is a connecting bearish trend line forming with resistance at $3,240 on the hourly chart of ETH/USD (data feed via Kraken).
- If Ethereum fails to clear the $3,250 resistance, it could start a downside correction.
Read Full Article
14 Likes
TronWeekly
5h
283
Image Credit: TronWeekly
Is Solana the Next Big Ethereum Rival? Key Growth Metrics Suggest So
- Solana has seen significant growth, narrowing the gap with Ethereum in market share.
- The platform's speed, cost-efficiency, and infrastructure have led to increased on-chain activities.
- Solana's developer community growth positions it as Ethereum's top competitor.
- Solana applications generated more revenue than Ethereum last month, indicating its potential and popularity.
Read Full Article
17 Likes
Cryptopotato
8h
123
Image Credit: Cryptopotato
Ethereum’s Modular Strategy: Short-Term Pain, Long-Term Gain, Says Research
- "In the short term, modularization likely hurts ETH price because of lower fees and reduced token burn, but this isn’t the whole story," said Hack VC managing partner Alex Pack.
- Ethereum has shifted to a modular architecture, outsourcing parts of its infrastructure to layer-2 networks, aiming to decentralize and improve scalability.
- The modular approach has negatively impacted ETH price due to reduced fees and less token burn, causing underperformance compared to Bitcoin and Solana.
- However, in the long term, Ethereum's modular strategy may contribute to sustainable growth, adaptability, and maintaining dominance among smart contract platforms.
Read Full Article
7 Likes
Crypto-News-Flash
13h
79
Image Credit: Crypto-News-Flash
Ethereum Network to See Major Upgrades – Vitalik Buterin Shares Vision at Devcon 2024
- Ethereum co-founder Vitalik Buterin discusses potential upgrades to transform the network into a more scalable and efficient component of the Web3 ecosystem.
- The transition from Proof of Work (PoW) to Proof of Stake (PoS) with the Merge upgrade has significantly reduced Ethereum's energy consumption while maintaining security and decentralization.
- Buterin highlights the advantages of Ethereum's PoS model in terms of security, inclusivity, and network resilience.
- Buterin also discusses Ethereum Layer 2 roll-up technologies, such as Optimistic Rollups and ZK Rollups, that enable faster and cheaper transactions while preserving decentralization.
Read Full Article
4 Likes
Crypto-News-Flash
14h
29
Image Credit: Crypto-News-Flash
Ethereum Time Machine: A New Era for Smart Contracts and Future-Based Transactions
- Ethereum has introduced a new capability that allows for transaction triggering depending on events in the future.
- The platform, called the Ethereum time machine, enables smart contracts to conduct transactions based on uncertain or not-yet-guaranteed events.
- This development enhances Ethereum's versatility and dynamism, opening up prospects for developers and users.
- Smart Transactions (STXN) has partnered with Consensys to revolutionize smart contracts and bridge the gap between flexibility and immutability on the blockchain.
Read Full Article
1 Like
Bitcoinsensus
18h
129
Image Credit: Bitcoinsensus
Vitalik Buterin Spoke at Devcon 2024 Recalling the Role and Progress of Ethereum
- Vitalik Buterin spoke at Devcon 2024 in Bangkok, highlighting Ethereum's role in creating a decentralized global ecosystem.
- He noted the progress of Ethereum, transitioning from PoW to PoS, and the importance of L2 solutions like Optimistic Rollups and ZK Rollups.
- Buterin emphasized Ethereum as the key infrastructure for Web3, enabling a multitude of digital activities and applications.
- Ethereum's evolution is crucial to justify its place as a key infrastructure platform for Web3.
Read Full Article
7 Likes
Crypto-News-Flash
18h
22
Image Credit: Crypto-News-Flash
Ripple CEO Hints at Partnership with Cardano After Meeting with Charles Hoskinson
- Ripple CEO Brad Garlinghouse and Cardano founder Charles Hoskinson met, hinting at a potential partnership.
- Hoskinson believes that Ripple's upcoming stablecoin RLUSD could be launched on Cardano.
- The news sparked mixed reactions within the crypto community.
- Hoskinson outlined two potential collaborations with Ripple, including integrating Cardano's privacy-focused sidechain and participating in RLUSD.
Read Full Article
1 Like
NullTX
18h
362
Image Credit: NullTX
Ethereum Gains 3.3 Million New Retail Investors: Could This Spark An Altcoin Bull Market?
- The Ethereum market has gained 3.3 million new retail investors, indicating a potential altcoin bull market.
- The surge in individual investors could lead to rising prices, particularly for Ethereum.
- Ethereum's recent performance has started to close the gap with Bitcoin.
- The Ethereum Foundation sold 100 ETH, while US Ethereum ETFs experienced record-breaking net inflows.
Read Full Article
21 Likes
For uninterrupted reading, download the app