Ethereum

An emerging development shows that Virgil Griffith pled guilty to assisting North Korea in avoiding U.S sanctions. According to a release, the idea was to use cryptocurrencies and blockchains to commit the unlawful act. Thus, it goes against the International Emergency Economic Powers Act (IEEPA). A U.S attorney believes that the confession is a step further to deal with America's foe. His sentence will take place on January 18, 2022. Virgil Griffith is Guilty Headlines about Virgil Griffith began to emerge in November…

Accounting firm Ernst & Young (EY) just announced that it would be using the Polygon protocol to implement its blockchain solutions on the Ethereum ecosystem. The firm said the new development would enable a future transition to less risky and more efficient public networks.  According to a recent press release, EY will adopt Polygon’s chain scaling solutions to uplift transaction volumes. This union will allow more predictable costs and settlements for business customers. The firm also disclosed it is engaging with Polygon blockchain scaling…

Recent data shows Ethereum's scaling solutions have locked assets amounting to $3 billion. The data tracks the total value of locked holdings in 17 different Ethereum L2 solutions. Arbitrum leads the list with $2.2 billion assets and a market share of 75%.  A Growing Interest in Layer 2 Projects Within the last seven days, Arbitrum made profits of more than 3000%. The project applies an Optimistic Rollup Technology in its operations. Thus, it allows the communication of smart contracts between Ethereum and Arbitrum's solution. …

The Eden network has raised about $17.4M in a funding round led by Multicoin Capital to protect its users against miner extractable value(MEV). Several frontiers, including Jump Capital, Alameda Research, and Yearn Finance Founder Andre Cronje, also procured the funding round. The network raised funds following the sales of EDEN tokens. Consequently, the funds will enable it to increase adoption, improve infrastructure and develop its network. In addition, the network plans to protect users against front-running with MEV fully. The…

A lead analyst from IntotheBlock reveals that Ethereum's inflation level is decreasing. According to a tweet, ETH currently has a lower supply rate. The tweet also explains that several factors are triggering a dip in the coin's issuance level. A Decrease in Purchasing Power? The annual inflation rate of Ethereum hit 3574 ETH compared to bitcoin's 900 BTC. This figure translates to a 1.11% decrease while Bitcoin's rate stands at 1.75%. The tweet's thread details some elements behind the numbers,…

On Friday 13th August, the prices of Ethereum continued with the long bull pattern, increasing to newer heights. ETH could soon go past its ATH if the trend continues. London fork and institutional support of the crypto world are receiving the credits for the continuous price surges.  Ethereum's Price Analysis The ETH coin was on a bullish pattern on Friday 13th, after initially losing the prices to below $3k just a day before. On Thursday, Ethereum's price plunged to $2984.…

For the second time in its price history, Ethereum has climbed past $3k and steadily rises. The first time Ethereum surged past $3k was in mid-April when the crypto market, especially Bitcoin and Ethereum, were on a solid bullish pattern. This recent price surge could start the much-predicted price jump that could send Ethereum to $20k very soon. Ethereum Price Analysis Ethereum has been on a continuous market bull run for about three days, with an excellent steady price surge,…

The ETH price logged an impressive rebound towards $3K on August 5 after the much-awaited EIP-1559 software upgrade to the Ethereum blockchain debuted. The network adjustment, which is part of a broader move toward ETH 2.0, swiftly countered the downtrend seen in recent days as optimism from traders poured in.  The supply-focused update sparked a sudden burst of enthusiasm amongst investors that pumped the ETH price 8% to highs of $2,820. The momentum also propelled the biggest ETH rivals, BNB…

Ethereum and other tokens based on the Ethereum network have recently been on a steady increase in prices, especially while awaiting the London fork(EIP-1559) set to happen on 5th August.  The London fork is defined as Ethereum's supply rally, taking on the principles of Bitcoin's quadrennial halving event. The Ethereum network, its sub tokens have been on a bull run for a few days, ushering in the event.  Ethereum on A Bullish Pattern Ethereum has been in a bull run…