Ethereum

The price of Ethereum has jumped to a fortnight high as its London Upgrade later this month draws close. This upgrade will introduce the highly anticipated EIP-1559 aimed at reducing gas costs on the Ethereum network. The London upgrade will be deployed to the mainnet after its successful release to Ropsten, Goerli, and Rinkeby testnets. The Rinkeby testnet release is scheduled to come before the end of this week. After regaining the critically important $2,000 level, the Ethereum price has…

IOHK CEO Charles Hoskinson declared on Twitter that there would be hundreds of assets, thousands of dApps, and several exciting projects in addition to the proof-of-stake blockchain. Hoskinson commented to Twitter to shut down critics who recently pounced on his poorly aged tweet last year. Ethereum holders and other Cardano skeptics claim none of this transpired, with only two weeks remaining to deliver on the goals. Hoskinson notes there are already "thousands" of assets on Cardano in response to the…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,471 trillion. Bitcoin is up by more than 7% after a promising week. Ethereum has increased by over 25% over the past seven days. XRP records a nearly 13% increase in value over the week. Binance Coin, Polkadot, and Cardano have registered significant gains this week. The DeFi sector gained almost $6 billion in…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,307 trillion. Bitcoin is down by roughly 5% after a highly volatile week. Ethereum is down by almost 13% in the past seven days. XRP has dropped by nearly 17% over the week. Binance Coin, Polkadot, and Cardano have lost precious value points. The DeFi sector lost almost $5 billion in total value protocols…

DeFi Yield Protocol (DYP), a top yield farming protocol that allows users to provide liquidity and earn lucrative returns, has reached yet another landmark moment. On June 23, 2021, the project announced its expansion to Avalanche, an open-source platform for launching highly decentralized apps. The DeFi protocol’s move to build a platform on Avalanche will enable users to leverage DYP’s advanced trading tools. DYP users will also benefit as they will continue earning yield on their crypto assets while taking…

Fireblocks, a crypto custody firm, is facing a lawsuit from Stakehound over the lost access to more than $70 million worth of Ethereum, according to Calcalist. Stakehound reportedly entrusted the company in question with the safekeeping of wallets' private keys totaling 38,178 ETH. Clearly, the Israeli-based company did not do a good job in securing them. Who is at Fault? From the Tel Aviv District Court lawsuit, Fireblocks lost the private keys due to an employee's human error. However, the…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,414 trillion. Bitcoin is down by almost 6% after a promising but deceitful start of the week. Ethereum is down by almost 12% in the past seven days. XRP has dropped by nearly 15% over the week. Binance Coin, Polkadot, and Cardano have been bleeding heavily throughout the week. The DeFi sector lost almost…

The advent of DeFi projects for farming pales compared to the aptitudes of traditional finance like lending and borrowing Into oblivion. However, the underlying capabilities of farmers to earn rewards in the form of interest for locking up their funds allows these DeFi projects to reach new highs in the future.  A market with over $5.2 billion in Total Value Locked of liquidity pools in yield farming projects explains why many want to join the craze. Yield farming involves farmers…

According to insights by the ETHhub founder Anthony Sassano, smart contracts account for Ethereum worth $63 billion. The value follows up on the Decentralized Autonomous Organization (DAO) event, which took place in 2016 and had Ethereum worth $230 million. Ideally, smart contracts are a pioneering technology residing on a blockchain that enables parties to make agreements through a code. Unfortunately, data also shows that huge chunks of ETH withdrawals make their way into DeFi applications and smart contracts, leaving exchanges…