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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
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.
Ethereum’s Shadow Fork Kicks Off Ahead of September Merge
Ethereum’s tenth shadow fork went into effect 26 hours earlier than expected, as the network continues to run tests ahead of the mainnet upgrade in September. "The Hash" panel shares outlooks for the network as the anticipated merge approaches.
Tesla’s Bitcoin Dump; Zipmex Freezes Withdrawals
Bitcoin slips after Tesla announcement, but analysts say we could have seen the bottom. Crypto trading volumes in India recover. Polygon’s ZK solution aims to slash current layer 1 Ethereum network costs by 90%. Singapore-based Zipmex freezes withdrawals. Documents reveal Vauld owes retail customers $363 million.
Polygon Deploys Zero Knowledge Rollup Testnet, 'Holy Grail' of Scaling: Co-Founder
Ethereum scaling solution Polygon announced the launch of Polygon zkEVM, which the company described as a "major leap forward" in the world of zero knowledge (ZK) technology. Polygon co-founder Mihailo Bjelic explains why it is "the missing component" to start this new chapter of mass adoption. Plus, a closer look at the recent Polygon token (MATIC) rally and the platform's participation in Disney's accelerator program.
Ether Leads Crypto Rebound Amid ‘Merge Trade’
AdvisorShares CEO Noah Hamman discusses his crypto markets analysis as Ethereum’s native token ether (ETH) surges nearly 50% ahead of the upcoming “merge” event from the network’s proof-of-work to proof-of-stake consensus model. “Crypto may be finding a bottom,” Hamman said. Plus, crypto deleveraging, institutional activity, and regulation outlook.
Polygon Joins Disney’s Accelerator Program to Develop AR, NFT and AI Experiences
Ethereum scaling tool Polygon is continuing to expand its Web3 infrastructure through its participation in Disney’s 2022 Accelerator program, designed to spur the growth of innovative companies around the world. "The Hash" squad discusses Polygon's latest moves and the potential outcomes.