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Ethereum News
Crypto-News-Flash
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Ethereum’s Roadmap Revealed: Vitalik Buterin & EF Team Discuss the ‘Endgame’
- Ethereum's Pectra upgrade is expected to be fully completed in the first quarter of 2025, with plans to process 10 million transactions per second at a lower cost.
- The Pectra upgrade will impact the Ethereum network at the base layer and enhance the end-user experience.
- The upgrade includes a proposal to temporarily convert externally owned accounts to smart contract accounts.
- The native rollup concept and increasing the Ethereum economy are essential aspects discussed in the Ethereum community.
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Livebitcoinnews
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Ethereum Pectra Upgrade Faces Setback on Holesky Testnet
- Ethereum’s Pectra upgrade failed to complete on the Holesky testnet.
- The Sepolia testnet has been scheduled for March 5 but could be delayed.
- The Pectra upgrade, consisting of 11 Ethereum Improvement Proposals (EIPs), could not finalize on the Holesky testnet.
- Pectra brings significant updates to improve user experience, staking cap, and network performance on Ethereum.
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Cryptopotato
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ETH Risks Falling to $2K if This Support Fails: Ethereum Price Analysis
- Ethereum's price has been consistently dropping since being rejected from $4,000 level.
- There is a possibility of a deeper decline in the coming weeks.
- The altcoin rebounded from $2,400 support zone, but may drop back towards it.
- Ethereum's long liquidations suggest potential downside and selling pressure.
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Changelly
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Bitcoin vs Altcoin: What Are The Differences?
- Cryptocurrencies have revolutionized finance, with Bitcoin being the first and most valuable digital asset.
- Altcoins have emerged post Bitcoin, offering various features, technologies, and use cases.
- Bitcoin boasts high market cap, security, and rarity, while altcoins innovate in smart contracts, speed, and consensus mechanisms.
- Comparison between Bitcoin and altcoins aids in understanding their suitability for investment strategies.
- Bitcoin emphasizes network security, decentralization, and fixed supply, contrasting with altcoins' variations.
- Altcoins use diverse consensus mechanisms like PoS, DPoS, and PoA to overcome limitations of PoW.
- Bitcoin's scarcity contrasts with altcoins' supply models, which include fixed, inflationary, and deflationary designs.
- Bitcoin serves as a store of value and exchange, while altcoins offer smart contracts, privacy, and high throughput.
- Bitcoin excels in security and decentralization, while altcoins like Binance Smart Chain exhibit less decentralization.
- Bitcoin's scalability optimizations like Lightning Network contrast with altcoins' focus on high transaction speeds.
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Silicon
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Bybit Reserves ‘Fully Replenished ‘ After Record $1.5bn Crypto Hack
- Cryptocurrency exchange Bybit has recovered its reserves, following a $1.5 billion crypto hack by North Korean hackers, labeled as the largest-ever crypto theft.
- Bybit assured its clients that it was solvent and client funds were secure despite the hack.
- Within 72 hours, Bybit managed to replenish its reserves by securing nearly 447,000 ether tokens through emergency funding and large deposits.
- A proof of reserves audit confirmed that Bybit restored reserves, exceeding a 100 percent collateralization ratio for major assets like bitcoin, ether, solana, tether, and USDC.
- Bybit's restoration of reserves did not recover the stolen funds, but the company is committed to strengthening the ecosystem and recovering from the incident.
- The hack occurred during an internal transfer when funds were moved from a secure cold wallet to an active warm wallet, allowing hackers to intercept the transaction.
- The Lazarus Group, a North Korean state-backed hacking gang, was identified by Arkham Intelligence and Elliptic as being behind the theft.
- Bybit has frozen over $42.89 million and offered a 10 percent bounty for the return of stolen funds, though the odds of recovery from the Lazarus Group are slim.
- Historically, North Korea has been linked to high-value crypto thefts, using stolen assets to fund its nuclear program and other illicit activities.
- Various notable crypto thefts over the years include incidents like the 2021 Poly Network hack and the 2016 Bitfinex hack, highlighting ongoing challenges in the industry.
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TronWeekly
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SEC Reviews Grayscale’s Ethereum ETF Staking Proposal: Bold Decision Expected by May 2025
- The U.S. Securities and Exchange Commission (SEC) is reviewing a proposal by NYSE Arca to allow staking within Grayscale’s Ethereum Exchange-Traded Funds (ETFs).
- Grayscale's proposal aims to enable both ETFs to stake Ethereum through trusted providers, earning staking rewards.
- The SEC is expected to make a decision by May 26, 2025, following a public comment period and a review process.
- The approval of the staking proposal could provide additional returns for investors in Ethereum ETFs.
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Crypto-News-Flash
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Ethereum-Solana Interoperability Gets a Boost with Rome Protocol x Polygon Labs
- The Rome Protocol and Polygon Labs have formed a partnership to boost Ethereum-Solana interoperability.
- The collaboration aims to create a unified liquidity layer and improve user security and cross-chain transactions.
- Rome Protocol will integrate Polygon's AggLayer to enable seamless interoperability between Ethereum and Solana.
- The partnership will focus on solving scalability and interoperability challenges, while prioritizing user security.
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Cryptopotato
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Important Binance Announcement Affecting Ukrainian Users: Details
- Binance will remove the BNB/UAH and ETH/UAH trading pairs, limiting direct access for Ukrainian traders to these cryptocurrencies.
- The removal of the trading pairs will impact local users by limiting direct trading between Binance Coin (BNB), Ethereum (ETH), and the fiat currency, requiring additional conversion steps and potentially increasing trading fees.
- Despite the delisting, both BNB and ETH prices remain stable, showing a slight rebound in the overall cryptocurrency market.
- In contrast, Binance added Sonic (S) and Test (TEST) as new loanable assets, which resulted in positive price movements for the mentioned cryptocurrencies.
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Cryptopotato
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Santiment: Bitcoin, Ethereum, Ripple, and Solana See Widespread FUD
- The cryptocurrency market is facing intense fear, uncertainty, and doubt (FUD), with sentiment around several top assets at extreme bearish levels.
- Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Solana (SOL) have all suffered significant declines, pushing traders into panic mode, but history suggests a potential bottom may be near.
- Bitcoin's price has fallen sharply from a high of $99,400 to $86,000, while Ethereum has fallen 25% this month, dropping below $2,400.
- XRP is nearing its key support at $2, and Solana has been hit hard by whale sell-offs and may face more selling pressure due to a major token unlock on March 1.
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TheCryptoBasic
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Ethereum at $2,500: Can a Rally to $2,900 Happen?
- Ethereum has bounced back above $2,400 after a 25% plunge, facing resistance at $2,500.
- The Ethereum price chart shows a bearish breakdown of a consolidation range, with a potential bearish turnaround.
- Ethereum is experiencing its worst February since 2017 with a 25% decline, but whale accumulations suggest a bullish comeback.
- The surge in Ethereum staking amounting to over $5 billion signals increased confidence in the cryptocurrency.
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TheNewsCrypto
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Bybit Hacker Washed 20% of Total Stolen ETH Worth $1.5 Billion
- Bybit hacker laundered around 20% of Ethereum stolen from the recent theft.
- Hackers hold more Ethereum than Vitalik Buterin and Ethereum Foundation.
- Hackers are using advanced tactics to perform social engineering hacks and money laundering.
- Bybit CEO announced a bounty program to combat the Lazarus money laundering activities.
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Blockonomi
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Ethereum (ETH) Price: 10% Decline Followed by Consolidation at $2,300 Support Level
- Ethereum price declined over 10% from its $2,550 resistance zone to around $2,300
- A bearish trend line has formed with resistance at $2,500 on the hourly chart
- ETH is trading below the 100-hourly Simple Moving Average
- The price could move upward if it settles above $2,500 and $2,550. Major resistance is forming near $2,650, with support at $2,420 and $2,350
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Blockonomi
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SEC Reviews Grayscale Ethereum ETF Staking Proposal with May Decision Expected
- The SEC acknowledged a filing from NYSE Arca for Grayscale’s Ethereum ETFs to earn staking rewards.
- The proposal involves Grayscale staking a portion of the ETFs’ Ethereum holdings through trusted providers.
- Staked Ethereum would remain in custodial control, without leaving the wallet holdings.
- SEC to make a decision by May 26, 2025, with a review period possibly extending up to 90 days.
- The staking process would be managed exclusively by Grayscale without pooling ETH with other validators.
- Ethereum staking involves users locking up their ETH as co-validators, earning rewards in ETH.
- Grayscale aims to better track returns associated with holding Ethereum using staking if approved.
- The SEC has shown interest in staking amid concerns about its classification under U.S. securities laws.
- Grayscale is expanding its crypto ETF portfolio with filings for XRP, Cardano, and Polkadot.
- Regulatory changes and market implications surrounding Grayscale’s ETF proposals are being closely monitored.
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Crypto-News-Flash
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Crypto Market Sell-Off: BTC, ETH, XRP Crater After Consolidation
- Bitcoin, Ethereum, and Ripple experience a market sell-off and fall below crucial support levels.
- Bitcoin struggles to maintain its current level, entering below the oversold territory on the RSI.
- Ethereum loses 11% of its accumulated gains in the past week and faces rejection from the 50-neutral territory on the RSI.
- Ripple shows resilience with a positive 55% return on its 90-day chart, but remains in the oversold territory on the RSI.
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Hackernoon
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Security Expert Says the Bybit Hack May Have Involved an Insider
- The $1.4 billion hack of the Bybit exchange has raised concerns over the reliability of security systems on large CEX platforms.
- Security expert Dexaran suggests that an insider at Bybit may have been involved in the hack due to vulnerabilities in the multisig wallets used.
- The complexity of the signatures used in generating the multisig wallets made it difficult for other Bybit team members to detect the hack.
- Dexaran, known for auditing smart contracts, points out flaws in Bybit's security system and highlights the hacker's knowledge of signature generation.
- The flow of funds from the hack has been traced to addresses linked to the Lazarus Group, raising suspicions of their involvement.
- Community reactions have called into question the decentralization aspect of blockchain and raised concerns over the security of funds on exchanges.
- Various companies have taken actions to limit hackers' ability to use platforms for fund mixing, while calls for a rollback of the Ethereum blockchain have created controversy.
- Bybit has initiated a bounty program to track down hackers involved in the hack, while the industry grapples with the aftermath of the high-profile security breach.
- Developers are reminded of the importance of robust security measures in the face of evolving hacking techniques to safeguard the industry against future breaches.
- CEX hacks like the Bybit incident serve as a stark reminder of the need for thorough testing and audits in the development of protocols to mitigate risks.
- The continuous battle between defense mechanisms and hacking tools underscores the perpetual need for vigilance across all levels of the industry.
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