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Ethereum
Ethereum, a decentralized blockchain platform, has emerged as a prominent player in the world of cryptocurrencies. It is not just a digital currency like Bitcoin but also a platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). Ethereum's underlying technology, powered by its native cryptocurrency Ether [ETH], offers a secure and transparent environment for executing peer-to-peer transactions without the need for intermediaries. With a vast community of developers, businesses, and individuals involved, Ethereum has become a hub for innovation and collaboration in the crypto space. Companies across various industries are exploring the potential of Ethereum's smart contract capabilities to streamline operations, enhance security, and reduce costs. Moreover, Ethereum's open-source nature allows for the creation of new protocols and blockchain networks, fostering interoperability and scalability within the ecosystem. Crypto exchanges play a crucial role in facilitating the trading of Ethereum, providing a platform for individuals and institutions to buy, sell, and store their ETH securely. As the demand for Ethereum continues to grow, so does the number of exchanges offering ETH trading pairs, ensuring liquidity and accessibility for investors.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
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BTCS CEO: Ethereum Could be Crypto’s ‘Silver Lining’
Ether (ETH) is up over 40% in the past month, outperforming bitcoin (BTC) and other major cryptos. BTCS Inc. Chief Executive Officer Charles Allen discusses the potential factors behind the ETH rally and its impact on the overall markets. “I think Ethereum could definitely be a silver lining here,” Allen said.
Nomad’s US$200 Mln Hack; Saylor Steps Down
Over 300 perpetrators suspected in Nomad cross-chain bridge hack. BItcoin and Ethereum fall after stock market jitters over Pelosi visit. MicroStrategy CEO Michael Saylor moves to chairman role to focus on Bitcoin. Crypto tax service launches in India.
New Senate Proposal Could Give CFTC Crypto Oversight
The U.S. Senate Committee On Agriculture, Nutrition & Forestry is set to introduce a bill Wednesday allowing the Commodity Futures Trading Commission (CFTC) “exclusive jurisdiction” over digital commodities. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what we know so far and what to expect.
Magic Eden COO on Ethereum Expansion, NFT Ecosystem Outlook
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NFT Marketplace Magic Eden Announces Ethereum Expansion
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Flippening Ahead?; NFT Sales Fall Again
Ethereum overtakes Bitcoin in options market, prompting suggestion the flippening is imminent. Binance clarifies details of compliance efforts. Singapore court gives Vauld three months protection from creditorsNFT sales limp into July with a 25% drop from June as broader crypto slump spreads. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
ETH Merge Delay Concerns; Buterin’s Clown Call
Concerns over Ethereum delays surface, while Tether CTO says it will be supported. Ethereum cofounder calls Bitcoin bull Michael Saylor ‘a total clown’ and Meta’s metaverse attempts will ‘misfire’. CoinFlex cuts staff to reduce costs by 60%. US FDIC issues advisory over crypto deposits and insurance. Report alleges S. Korean Busan Bank employee embezzles US$1.1 mln, invests in Bitcoin. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Will Ether Be Labeled as a Security After the Merge?
Ethereum’s tenth "shadow fork" went into effect this week as the network continues to run tests ahead of the anticipated shift from using the energy-intensive proof-of-work protocol to proof-of-stake. Georgetown University Law Professor Adam Levitin explains why the move could have unexpected consequences for the crypto market.
