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Ethereum Hits Ten-Week High and Turns Deflationary Again

January 16, 2023 10:27 am No Comments

Ethereum prices closed in on $1,600 during the morning of Jan. 16. Building further on weekend gains, ETH tapped its highest price since Nov. 8. According to the Ultrasound Money tracker, ETH issuance has fallen into deflationary territory once again. Markets are still overall in bear territory, so demand will likely increase as more bulls return to the market. As gas prices increase, this will have a bigger impact on the burn rate and supply of the crypto-currency, which is very bullish in the long term. News Sorce

MetaMask Staking launches, pluging into Lido and Rocket Pool liquid staking

January 15, 2023 11:32 am No Comments

ConsenSys unveils MetaMask Staking, plugging into Lido and Rocket Pool protocols. Liquid staking is a method of staking assets on the Ethereum blockchain that allows users to earn rewards while maintaining the ability to freely transfer and trade their assets. The platform’s product manager Abad Mian told Cointelegraph that demand for staking was on the rise following the implementation of proof-of-stake consensus in September 2022. News Sorce

Multimillion Euro Crypto Fraud Operation in Bulgaria, Cyprus and Serbia Busted

January 15, 2023 11:11 am No Comments

Authorities searched four call centers and 18 other places and arrested five people. Eurojust, the European Union’s cross-border agency for fighting organized crime, said in a press release Friday. The operation defrauded victims of “at least tens of millions of euros,” Eurojust said. News Sorce

Polygon eyes hard fork in January to address reorgs and gas fee spikes: Exclusive

January 14, 2023 10:01 am No Comments

Polygon PoS developers proposed the launch of a network hard fork on January 17. If approved, the upgrade will aim to reduce the impact of spikes in transaction fees and chain reorganizations. The upgrade has been discussed by the Polygon community for some time on the governance forum. Polygon PoS developers have proposed measures to help reduce the amount of time it takes for a transaction to reach block finality. The upgrade proposes to decrease the sprint length, which will lower the chances of a secondary or tertiary validator kicking in to produce blocks. News Sorce

Crypto Payments Platform WyreLifts 90% Withdrawal Cap

January 14, 2023 9:54 am No Comments

Crypto payment platform Wyre has lifted the 90% withdrawal limit it placed on users earlier this week. On Jan. 13, the San Francisco-based fintech firm announced that it had secured additional funding. It will resume accepting deposits and full withdrawals and deposits are now permitted again. News Sorce

Cardano ecosystem set to expand with custom-built sidechains

January 14, 2023 9:47 am No Comments

The team behind the Cardano ecosystem will release a software toolkit later this month. The toolkit will enable developers to deploy custom-built sidechains on Cardano. Sidechains are an independent chain that works adjacent to the parent blockchain, often referred to as the mainnet. Cardano will soon introduce parallel accounting styles as part of its “Basho phase” to improve interoperability in the Cardano ecosystem, according to the roadmap. News Sorce

Ethereum Hits 500,000 Validator Milestone

January 14, 2023 9:35 am No Comments

The number of validators on the network now exceeds 500,000, data from BeaconScan shows. A validator must deposit 32 ETH (roughly $45,000) to run a dedicated staking node on the proof-of-stake blockchain. The growing number points to “increasing confidence, positive market sentiment, and conviction”. The total value stake staked on the Ether network has reached over $22 billion. This indicates that it would be extremely difficult and costly to attack the network’s consensus. Reports show that validators are spread across at least 11,400 physical nodes in 80 countries. News Sorce

Mark Cuban Wants to Buy More Bitcoin and Thinks Gold Buyers Are Dumb

January 12, 2023 6:57 am No Comments

TV personality and billionaire Mark Cuban is looking to buy more bitcoin despite the asset being down 75% from its peak. Bitcoin is down to around $17,400 at the time of writing, after trading at an all-time high of $69,000 back in November of 2021. News Sorce

Avalanche (AVAX) Price Increases by 12% Due to Amazon Partnership

January 12, 2023 6:51 am No Comments

The price of Avalanche (AVAX) has surged more than 12%, outperforming the rest of the crypto market. Earlier today, Ava Labs and Amazon Web Services announced a strategic partnership. The partnership will accelerate enterprise, institutional, and government adoption of blockchain applications. News Sorce

Optimism and Arbitrum Flip Ethereum in Combined Transaction Volume

January 11, 2023 12:34 pm No Comments

Layer-2 networks. Arbitrum and Optimism have seen an increase in transactions over the past three months. The two networks processed more than 1.1 million transactions combined on Jan. 10. Transactions on the mainnetEtherscan network have declined by around 33% since late October. News Sorce

Category: News

Ethereum Hits Ten-Week High and Turns Deflationary Again

MetaMask Staking launches, pluging into Lido and Rocket Pool liquid staking

Multimillion Euro Crypto Fraud Operation in Bulgaria, Cyprus and Serbia Busted

Polygon eyes hard fork in January to address reorgs and gas fee spikes: Exclusive

Crypto Payments Platform WyreLifts 90% Withdrawal Cap

Cardano ecosystem set to expand with custom-built sidechains

Ethereum Hits 500,000 Validator Milestone

Mark Cuban Wants to Buy More Bitcoin and Thinks Gold Buyers Are Dumb

Avalanche (AVAX) Price Increases by 12% Due to Amazon Partnership

Optimism and Arbitrum Flip Ethereum in Combined Transaction Volume

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