Tag: Ethereum
Researchers at the Ethereum Foundation Face Backlash Over Their Plan to Reduce ETH Issuance
Two researchers from the Ethereum Foundation (EF) proposed earlier this year to slow down the rate at which new Ether (ETH) tokens are issued. It was a deliberate strategy to…
Ethereum’s New Data System Faces Pressure as ‘Blobscriptions’ Test its Limits
The recent upgrade to Ethereum’s blockchain introduced a dedicated space for data storage known as “blobs,” aiming to reduce fees and alleviate congestion. However, this innovative solution faced its first…
Ethereum’s Pectra Upgrade to Expand Maximum Validator Stakes
Ethereum developers have proposed a significant change to the validator stake limit in the upcoming Pectra upgrade, intending to raise it from the current cap of 32 ETH to 2,048…
Heco Bridge Hackers Launder $145 Million in Ether Through Tornado Cash
Following the exploit of the Heco Bridge in November, hackers have reportedly laundered over 40,000 ether, valued at $145.7 million, within the past eight days using the crypto mixer Tornado…
Google Integrates Ethereum Name Service Wallet Balances into Search Results
Google has introduced a new feature that displays wallet balance data from Ethereum Name Service (ENS) domains directly within search results. This development builds upon Google’s initial support for Ethereum…
Grayscale Ethereum Trust Discount Narrows Amidst Dim Prospects for Spot ETF Approval
The Grayscale Ethereum Trust has seen its discount shrink to -20%, marking its lowest level since November 2023. This reduction coincides with diminishing hopes within the cryptocurrency community regarding the…
Obscuro Labs’ TEN: Pioneering Encryption in Ethereum Layer 2
Obscuro Labs, the visionary developer behind the encrypted Ethereum Layer 2 network known as TEN (“The Encrypted Network”), has successfully concluded a funding round, raising $9 million. Led by enterprise…
Ether.Fi Unveils ETHERFI Token on Binance Launchpool
Ether.Fi, a pioneering player in the burgeoning realm of liquid restaking protocols, is set to introduce its new token, ETHERFI, through Binance’s Launchpool next week. Liquid restaking protocols, like Ether.Fi,…
Eclipse Labs Secures $50 Million Series A Funding for Ethereum Layer-2 Innovation
In a significant stride towards Ethereum Layer-2 development, Eclipse Labs has successfully raised $50 million in a Series A funding round, co-led by Placeholder and Hack VC. This funding round,…
Base to support Ethereum’s Dencun Upgrade from Day One
Ethereum Layer 2 Base team announced that it will support the next Dencun update starting on day one. EIP-4844 presents a brand-new idea for Layer 1 blocks called “blobs.” In…
EigenLayer TVL crosses $11 billion, overtakes AAVE
EigenLayer, a restaking protocol, is now the second-largest protocol by total value locked (TVL), surpassing even the well-known decentralized finance protocol Aave. EigenLayer had decided to remove the network’s deposit…
Bulls prevail even as Ark Invest offloads Coinbase shares and Blackrock seeks more Bitcoin ETFs
Cryptocurrency liquidations have surpassed half a billion dollars. Blackrock seeks to purchase more BTC ETFs while Ark Invest offloads Coinbase shares. The market displays bullish sentiment with Bitcoin rising to…
Ethereum Scaling Pioneer Taiko Secures $15M Funding Ahead of Mainnet Launch
Blockchain project Taiko, dedicated to enhancing Ethereum’s scalability, has disclosed a successful $15 million Series A funding round in preparation for its imminent mainnet launch. Key contributors to the funding…
Blast Launches Mainnet, Unleashing Ethereum Layer 2 Power
In a significant stride toward enhancing Ethereum’s scalability, the Layer 2 network, Blast, has officially rolled out its mainnet, granting users the ability to withdraw their funds. The platform, spearheaded…
ETC Group Expands Crypto Offerings with Ethereum Staking ETP on Deutsche Börse Xetra
ETC Group, a leading provider of digital asset-backed securities, has broadened its cryptocurrency portfolio by introducing a new Ethereum staking exchange-traded product (ETP). The ETC Group Ethereum Staking ETP, known…
Avail Secures $27M in Seed Funding to Elevate Ethereum Data Infrastructure
In a recent funding announcement, Avail, a dynamic player in the blockchain space, revealed a successful seed round that brought in $27 million. Spearheaded by prominent venture capital firms Founders…
Fuel Labs Revolutionizes Ethereum Rollups with ‘Rollup OS’ for Q3 2024 Mainnet
Fuel Labs, the driving force behind the optimistic rollup initiative Fuel V1, has unveiled its groundbreaking ‘Rollup OS,’ set for a Q3 2024 mainnet release. This strategic shift aims to…
Resurgence in Ethereum Staking: Validator Queue Hits Highest Levels Since October
The Ethereum network is currently experiencing a significant surge in interest from validators looking to stake their Ethereum (ETH). According to ValidatorQueue data, the validator entry queue has reached its…
Ethereum NFT Market Surges: Weekly Trading Volume Reaches $158 Million
In a notable development, Ethereum’s non-fungible token (NFT) market has experienced a remarkable resurgence, achieving the highest weekly trading volume since February 2023. Recent data from CryptoSlam reveals a substantial…
Ethereum’s Upcoming Duncan Upgrade Set to Revolutionize zkSync with Lower Fees and Enhanced Performance
The imminent Duncan upgrade on the Ethereum network, scheduled for mid-March, is poised to introduce significant advancements, notably the proto-danksharding feature (EIP-4844). This upgrade is generating anticipation within the Ethereum…