Ethereum

The Sepolia testnet is live in readiness for a trial merge that will supply Ethereum developers with vital technical insights. Sepolia's upcoming integration with Ethereum's Beacon chain will deploy Proof of Stake in achieving consensus instead of Proof of Work. The purpose of this testnet is to supply a picture of what could happen when Ethereum 2.0's Merge finally goes live. Why Ethereum is Moving from PoW to PoS The energy-intensive Proof of Work (PoW) model Ethereum blockchain uses has…

In a Twitter post, layer-2 blockchain protocol Optimism shared that the hacker who exploited a transfer error has refunded most of the stolen OP tokens as promised. This comes two days after the attack and less than a day since the attacker awarded 1 million coins to Ethereum co-founder Vitalik Buterin. Hacker Withholds 2 Million OP Tokens The hacker returned only 17M tokens, worth roughly $15 million; this falls 3M short of the stolen 20 million. According to information on…

Rostin Benham – Chairman of the Commodities and Futures Trading Commission (CFTC) – is happy with the landmark crypto regulation bill that went public on Tuesday. He said he’s happy with the regulatory guardrails the bill provides and agrees with the designation of Bitcoin and Ethereum as commodities. Long-Awaited Legislation In conversation with Washington Post Live on Wednesday, Benham said he was “thrilled” by yesterday’s Responsible Financial Innovation Act. He showed excitement over the steps taken to concretely regulate digital…

The financial services giant Fidelity is putting more money in cryptocurrency-related services, despite the recent market downturn. President Tom Jessop has confirmed that the firm will start developing services for cryptocurrencies besides Bitcoin, such as Ethereum trading. Unphased by the Bear Market As reported by the Wall Street Journal, Fidelity Digital Asset Services plans to hire 110 engineers with blockchain expertise. It will also bring 100 customer service specialists to the team. The new hires will have to help launch…

Decentralized and non-custodial, Tornado Cash is an Ethereum-based solution for privacy and anonymity. Severing the on-chain link between those who send and receive coins enhances transaction anonymity.  This guide will provide our readers with more insight into Tornado Cash. We will start with a general introduction and explore how Tornado Cash works. We will also add a list of pros and cons to this system for the reader's benefit. Understanding Tornado Cash Decentralized protocols such as Tornado Cash (TORN) use…

The Silicon Valley venture capital firm Andreessen Horowitz (a16z) released a report on Tuesday covering the current state of crypto adoption. It highlights Ethereum as the leading blockchain network for developer support but contains very little mention of Bitcoin’s growth. The Potential of Web 3 The VC firm broke boiled down its report into five key takeaways about the current state of crypto. It began by suggesting that the industry is in the middle of its fourth ‘price innovation’ cycle.…

Brazilian stock exchange B3 is gearing up to launch its first official product targeting the crypto market. A report unveiled this news today, citing B3’s Chief Financial Officer, Andre Milanez. He announced this bullish news during a conference call on Monday. Specifically, Milanez said B3 seeks to roll out Bitcoin (BTC) futures trading within six months. According to the report, Milanez did not share how the product offering would work. It remains unclear whether B3 will team up with another…

For many investors and fans, Ethereum is the most famous altcoin. Since its inception, Ether (ETH) has skyrocketed in value.  Starting at $0.311 in 2015, Ether has risen to about $4,800 late last year, with much volatility all along the way.  The project looks to be nearing a significant overhaul that will add new features and improve old ones. Among the numerous factors the market is watching, the new ETH staking mechanism may be enormous. Ethereum’s Current Issues To grasp…

The moment when Ethereum will overcome Bitcoin appears closer and closer. However, it doesn't seem easy to forecast the precise moment when ETH’s historical victory over BTC will occur. While we observe the market’s movements, there are several arguments made by experts to sustain ETH’s rise. A Quick Introduction to BTC and ETH First, it is essential to know the different stories that brought us BTC and ETH. Someone using the pseudonym Satoshi Nakamoto created Bitcoin (BTC) in 2008. BTC…