Tag: ETH

Ethereum launches new testnet ‘Holešky,’ allocates 1.6B ETH for devs

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Ethereum developers launched a new testnet on Sept. 15. Called “ Holešky,” the network is expected to be used for staking, infrastructure and protocol-development, according to its developer documents. Sepolia will remain the dominant network for application development. Hello Holesky, Ethereum’s Newest Testnet Read details below#cryptonews #ETH pic.twitter.com/Z6DUMkOExz — Amy Kols Network (@Amyykols) September 14, 2023 An initial supply of 1.6 billion Holesky testnet Ether (HETH) will be allocated to validators on Holešky’s launch day to bootstrap the network into operation, according to Ethereum developer Tim Beiko. This represents ten…

The Ethereum Merge has Lead to Net Supply Reduction of 300K Ether (ETH)

“In August 2022, the Ethereum Foundation warned users that the upcoming Paris upgrade would not reduce gas fees. Subsequently, prices fell, and ether was doomed to underperform bitcoin. But this also hinted towards the next potential catalyst for Ether investors—lower gas fees,” Markus Thielen, head of research and strategy at Matrixport, said in a note to clients last week. Source

Ethereum Core Devs Greenlight EIP-7514: Impact On ETH Price

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Ethereum Core Developers have officially approved EIP-7514 for inclusion in the upcoming Dencun upgrade which is slated for late 2023. This Ethereum Improvement Proposal (EIP) primarily aims to decelerate the growth rate of ETH staking, thereby providing the Ethereum community additional time to craft an improved validator reward scheme. The main modification brought by this EIP is setting the Max Epoch Churn Limit, the validator activation queue upper limit, to a constant value of 8. Previously, the churn limit was calculated by taking “The total number of validators/65536,” which at…

TRX Again Outperforms Bitcoin and ETH, $0.10 Possible?

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Tron price is showing positive signs above $0.080 against the US Dollar. TRX is outperforming Bitcoin and could start another increase toward $0.10. Tron is moving higher above the $0.0800 pivot level against the US dollar. The price is trading above $0.080 and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $0.0780 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.085 or even $0.095. Tron Price Surges Further…

Bitcoin Cash Price Signals Fresh Increase Despite Weakness in BTC and ETH

Bitcoin Cash price is holding the key $180 support against the US Dollar. BCH seems to be aiming for a fresh increase toward the $205 and $220 levels. Bitcoin cash price is showing positive signs above the $180 level against the US Dollar. The price is trading below $200 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $189 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair is likely to accelerate higher…

MetaMask Unveils New Feature Allowing Users to Sell ETH for Fiat

MetaMask introduces the “fiat-off-ramp” feature on the platform by allowing users to convert their ETH holdings to fiat currency. On Tuesday, September 5, the popular cryptocurrency wallet MetaMask announced that it had launched a new feature that would allow users to sell ETH for fiat currency. In a post on X (formerly Twitter) on September 5, MetaMask announced that users with crypto wallets connected to the Portfolio decentralized application could now convert their Ether (ETH) holdings, with the ticker currently at $1,632, into fiat currency and transfer it to their bank accounts.…

Ethereum exchange deposits surge while staked ETH hits ATH

Ethereum (ETH) sees market uncertainty as exchange deposits recently surged to a one-month high. Staked ETH on the Ethereum 2.0 deposit contract hit an all-time high. According to Glassnode, the value recently reached a one-month high, clocking in at 2,145. This indicator, which measures the flow of ETH into exchanges, typically raises concerns among investors. An increase in exchange deposits often signals bearish sentiment, implying a potential surge in selling pressure.  Investors seem eager to send their ETH holdings to exchanges, possibly anticipating a downward trend in the market. Moreover,…