Ethereum Watch

Advertisements Participation is low once again, but it doesn’t seem to matter. The latest in a series of Ethereum 2.0 testnets, called Spadina, launched on Tuesday with mixed success. Spadina was proposed as a short-lived “dress rehearsal” for the mainnet launch process, signaling that Ethereum 2.0 Phase 0 is getting ever closer. The network launched […]

Advertisements Share this article DeFi protocol UniLend Finance has recently closed the seed and private sale funding rounds of their native UFT governance token after quickly reaching both hard caps, totaling $3.1 million. UniLend’s mission of “welcoming every token to DeFi” has resonated with some of the industry’s heaviest hitters. Our funding rounds attracted the […]

Matic has just announced that Tether is now available on their network. The Matic team tweeted that this would help Ethereum immensely by diverting activity away from the mainchain. Advertisements 1/ The industry’s leading stablecoin, Tether (USDT), is now available on Matic Network Layer2 to overcome Ethereum’s performance constraints!🚀$USDT is the industry’s most popular stablecoin, […]

Blockchain startup ConsenSys has unveiled a new organization dubbed Mesh, which is part of the company’s broader plan to separate its investment and portfolio management business from its software arm. Advertisements Mesh is the brand under which ConsenSys will oversee its blockchain startups, of which there are more than 100, including the likes of BlockFi, […]

Key Takeaways Decentralized exchanges are still rife with various imperfections including slippage and impermanent loss. Chinese crypto project DODO hopes to resolve some of these shortcomings with its novel “Proactive Market Maker” algorithm. The platform is nascent, and has yet to prove the test of time like incumbents Uniswap and Curve. Share this article Though […]

Advertisements One type of “flippening” finally happened, but only miners are feasting. Cumulative transaction fees paid to Ethereum (ETH) miners for 2020 are now close to double those of Bitcoin (BTC), clocking in at $276 million versus $146 million. A chart released by Coinmetrics highlights how Ethereum fees went on a steep ascent in the […]

Share this article “Decentralized stablecoin is an oxymoron,” tweeted crypto analyst Loomdart. The dominance of centralized stablecoins like USDT and USDC on DeFi platforms poises grave risks for the entire niche. Instances of Centralized Control  Tether Limited is the issuer of the largest stablecoin in the crypto space, USDT. It is a U.S. dollar-pegged cryptocurrency […]

Advertisements After the $150 million KuCoin hack, traders appear unworried that open market sales by the hacker will drop Ethereum price. Analysts say that the unknown hacker behind the KuCoin breach is selling the stolen ERC-20 tokens on Uniswap. Although selling tokens on the Ethereum-based decentralized exchange allows the hacker to obtain Ether (ETH), it […]

Advertisements Quick take: Multiple Ethereum based projects affected by the KuCoin have intervened Some have frozen their ERC20 tokens with others initiating hardforks  The KuCoin hack amount has increased to $203 Million and could continue climbing Almost immediately after the KuCoin hack, the team at Tether announced that it had frozen a total of $33 […]

Ethereum is recovering nicely above the $350 resistance zone against the US Dollar. ETH price is likely to accelerate higher if it settles above $362 and the 100 SMA (H4). Advertisements ETH price started a decent recovery wave from the $310-$315 support zone against the US Dollar. The price is now trading above the $350 […]