L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31


On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration will take place on August 31, exactly one year after Offchain Labs, the Arbitrum project maintainers, launched the Arbitrum One mainnet. The Arbitrum team says

OpenEthereum support ends with the Merge fast approaching


“The usefulness has run its course,” the OpenEthereum team wrote regarding its popular software, “we look forward to the next phase of clean, green and massively scalable blockchain infrastructure.” One of the most popular Ethereum (ETH) clients, OpenEthereum has ended support for its software in preparation for the upcoming Ethereum Merge. OpenEthereum creates “clients” or…

Ethereum Merge testing on Kiln mostly successful, save for one minor bug


“Post-merge blocks are being produced by validators, and they contain transactions!” said Ethereum developer Tim Beiko. On Tuesday, Ethereum (ETH) developer Tim Beiko tweeted that Kiln successfully passed the Ethereum Merge, with validators producing post-merge blocks containing transactions. Kiln will be the last Merge testnet (formerly Ethereum 2.0) before existing public testnets are upgraded. “Merge”…

Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound


Ethereum price is back above its 50-week exponential moving average, a credible support level from the 2020-2021 market boom. Ethereum’s native token Ether (ETH) looks poised to hit $3,500 in the coming sessions as it reclaimed a historically strong support level on Feb. 5.Ethereum price back above key trendlineETH price rising above its 50-week exponential…

Bitcoin Price Regains Strength Above $41K, Crypto Market Cap Jumps 6% in 24 Hours


Crypto assets have climbed in value during the last 24 hours as the price of bitcoin tapped a high on Friday, reaching $42,411 per unit at 8:00 p.m. (EDT). The entire market capitalization of all 10,000+ crypto assets is $1.64 trillion on Saturday, up over 6% during the last day. Bitcoin Climbs Over 20% This…

Bitcoin trader eyes US dollar for BTC price breakout cue, Ethereum clings to $2K


No sign of a breakout as $33,000 becomes resistance overnight and altcoins trade mostly flat as a result of BTC price weakness. Bitcoin (BTC) stayed below the $33,000 mark on July 9 with a fresh price dip also putting an end to altcoin strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price flips $33,000 supportData from…

Bitcoin’s Price Regains Some Losses, Signals Still Show Indecisive Crypto Markets


Digital currency market prices have been dropping during the last few days as the crypto economy now rests at $1.53 trillion in value. Crypto trade volumes have increased a hair on Sunday, and a few crypto assets have seen decent percentage gains over the course of the last seven days. Crypto Market Prices Consolidate While…

Analyst Explains Why Ethereum Is Rallying, Hitting All-Time Highs


Investment management firm Ark Invest has highlighted three reasons why the price of ethereum has been hitting record highs. The firm cited increased institutional interest, strong on-chain signals, and imminent protocol upgrades as the key reasons. Why Ethereum Has Been Going Up ARK Investment Management, also known as Ark Invest, published a research note last…

Ether options open interest grows 80-fold amid rising institutional appetite


Open interest in Ether options trading has increased from $50 million to $4 billion over the last year. The massive growth of Ethereum’s futures and options arena is reportedly pointing towards significant institutional involvement in the second-largest cryptocurrency by market capitalization.According to a recent report by crypto investment advisory firm Two Prime Digital Assets, the…

What Ethereum killer? On-chain data shows competitor networks are still behind


Critics say Ethereum’s soaring gas fees will cause the project to fall victim to its competitor blockchains but on-chain data suggests otherwise. Ether (ETH) remains the second-largest cryptocurrency and it absolutely dominates the smart contract industry according to an array of network usage metrics. Even though the network has been overwhelmed by peak activity which…

ETH slips below $1,300 just hours after ATH: Here’s why it could worsen


Ethereum (ETH) reached a new all-time high of $1,440 but is in danger of dropping further below $1,300 ETH/USD traded at a new all-time high of $1,440 yesterday, but an increase in sell-off pressure has pushed it progressively lower. It has touched lows of $1,269 and remains vulnerable to more slips as per the outlook…

Ethereum is leaving exchanges and moving to smart contracts


November 20, 2020 By Sam Grant Ethereum held in smart contracts has increased while that in exchanges has gone down over the past few months ETH sitting in smart contracts increased between June and October, going up by about 5% in this period. The percentage of ETH currently in smart contracts stands at 17% from…

Yearn Finance Founder Blames Social Actors for Role in the EMN Token Hack


Yearn Finance founder Andre Cronje suggests he did not mishandle the Eminence (EMN) project’s economic exploit, which he insists functions well. He accuses certain social actors of creating a story around EMN that caused rational actors to jump onto the token. Cronje’s comments follow reports that a group of defi community members planning to sue…

Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI


On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals can now utilize the Ethereum-based stablecoin across a myriad of decentralized applications (dapps). The…

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