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


Markets

DeFi Flippening Comes to Exchanges as Uniswap Topples Coinbase in Trading Volume

Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase.

Uniswap has become Ethereum's most prominent DEX.

Tech

Yearn.Finance's New Vault Leverages DeFi 'Triforce': ETH, MakerDAO and Curve

Yearn.Finance will make it easy for anyone who holds ETH to get involved with yield farming with just one cryptocurrency, ETH.

(Bruce Christianson/Unsplash)

Tech

'DogByte' Attack Found in 'Randomness' Protocol Proof for Ethereum 2.0 Beacon Chain

The “DogByte” attack would have allowed attackers to cheat the Ethereum 2.0 random beacon chain by gaming smart contracts and block validator selection.

(Justin Veenema/Unsplash)

Markets

Ethereum Transaction Fees Set a Record Once Again as DeFi Becomes Even Pricier

Average Ethereum transaction fees reached $10.33 on Tuesday.

Ethereum average and median network fees since 2017.

Markets

First Mover: Rookie YFI Token Jumped 8-Fold in August as DeFi Dominated

Yearn.finance's YFI token, which looked like another inside DeFi joke when it launched in July, dominated the August return rankings.

Yearn.finance came in first in First Mover's monthly digital-asset performance ranking for August. (Sumiyoshi Hiromori/Metropolitan Museum of Art, modified by CoinDesk)

Markets

Ether Price Hits 2-Year High

The two-year high was reached alongside a drop in the number of coins held in exchange addresses.

Ether prices since mid-June (CoinDesk)

Tech

Buggy Code Release Knocks 13% of Ethereum Nodes Offline

Over 1,000 Ethereum nodes will have to resync or find a new client provider after a critical bug in OpenEthereum’s codebase was revealed.

(Neringa Hünnefeld/Unsplash, modified by CoinDesk)

Tech

Developers Eye Mid-September for Ethereum, Polkadot Bridge Proof-of-Concept

The Snowfork proof-of-concept acts as a two-way bridge between the Ethereum and Polkadot ecosystems, according to the group.

(Denys Nevozhai/Unsplash, modified by CoinDesk)

Tech

BitGo Weighs Building a Sidechain for WBTC as Ethereum Fees Climb

Digital asset trust company BitGo is in the process of “reaching out” to community partners to build an Ethereum sidechain because of rising fees, according to CTO Ben Chan.

(Jacob Meves/Unsplash)

Tech

Ethereum Tokens Worth $1B Vulnerable to 'Fake Deposit Attack'

A software bug that deposits fake balances into cryptocurrency exchange wallets has been detected in 7,772 ERC-20 tokens worth over $1 billion.

(Ivan Vranić/Unsplash)