Tag: Ether

Bitcoin, Ether Rise Slightly After Genesis’ Chapter 11 Filing

Bitcoin rose 1% to around $21,000 over the past 24 hours after the Genesis bankruptcy news hit the wires. Ether rose 2% to $1,545, CoinDesk data shows. Traders weren’t surprised by bitcoin’s and ether’s resilience following the news. “The market appeared to expect the Genesis bankruptcy filing for the last 48 hours as the GBTC discount suddenly widened again. With Genesis filing for bankruptcy, this removes a negative overhang from the market, and crypto investors can finally focus on fundamentals,” Markus Thielen, head of strategy and research at crypto-services provider…

DeFi Service Frax Finance Gains Momentum Amid Ether Staking Narrative, FXS in Focus

The draw of capital into Frax’s ether pools has resulted in demand for FRAX and FXS tokens, with prices of the latter rising over 62% in the past week as per CoinGecko. And because some liquidity pools pay out in FXS, the price rise theoretically means higher rewards for stakers – which, in turn, could drive more ether towards Frax, and drive even more demand for Frax’s tokens among users. Source

North Korean Hacking Group Tied to $100M Harmony Hack Moves 41,000 Ether Over Weekend

CryptoX – Cryptocurrency Analysis and News Portal The attack drained the service, which enables crypto assets to be traded between the Harmony blockchain and other blockchains, of $100 million worth of crypto, including ether (ETH), tether (USDT) and wrapped bitcoin (wBTC) on the morning of June 24. Original Source The post North Korean Hacking Group Tied to $100M Harmony Hack Moves 41,000 Ether Over Weekend appeared first on CryptoX. CryptoX Portal

Ethereum Developers Prepare to Deploy Shanghai Public Testnet, Focus on Staked Ether Withdrawals – Technology Bitcoin News

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According to the Jan. 5, 2023 All Core Devs (ACD) meeting, Ethereum developers are preparing to deploy a public testnet for the highly anticipated Shanghai hard fork in February 2023, with the mainnet implementation tentatively scheduled for March. Ethereum’s core developers emphasized that staked withdrawals are a priority and code related to EVM Object Format changes, or EOF, was removed from Shanghai to ensure that the focus remains on staked withdrawals. Staked Withdrawal Priority: Shanghai Public Testnet Deployment Scheduled for February, Hard Fork Tentatively Set for March During the first…

Big Options Trade in Ether Market Would Profit from 69% Price Slide

Last week, a buy order for 50,000 contracts of ether options – with a $400 strike price and expiring in June – appeared on Deribit’s order book, raising alarm bells in the crypto community. As of press time, ether was priced around $1,300, so the options trade would pay off if the ether price slid 69% in less than six months. On Deribit, one ether options contract represents one ETH. Source