Ethereum Watch

Advertisements The amount of BTC wrapped on Ethereum continues to grow. It now stands at $22.5 million, more than twice the BTC on Lightning Network. Decentralized finance (also known as ‘DeFi’) is a growing part of the Ethereum ecosystem. Although the total amount of funds locked in DeFi-related smart contracts has plummeted in the last […]

Advertisements Reddit has revealed plans to create a system of Ethereum tokens to incentivize quality posts and comments. Reddit Gold could soon be replaced by tokens on Ethereum, a recent slide presentation by Reddit reveals. The idea is that users will be awarded points by their fellow subreddit users. These points can then be spent […]

Advertisements The bullish sentiment among Ethereum (ETH) margin traders appears to have no end in sight, with ETH long positions on Bitfinex up by 90% in 2020. Tweeting on Thursday, Mati Greenspan, founder of Quantum Economics, highlighted the parabolic increase in ETH longs on Bitfinex. Indeed, except for a brief period in February 2020, long […]

Advertisements The amount of Tether that has been printed this year has not gone unnoticed. Most of it is based on Ethereum, which has started to have an effect on where ETH is locked up. There is now so much Tether out in the markets that it temporarily eclipsed XRP in terms of market capitalization […]

Advertisements A proposal to add a second fuel source for the Ethereum network has recently been submitted by a developer to run in parallel to its existing fuel, gas. The Ethereum network is due to undergo a raft of changes this year. The most eagerly awaited upgrade is the shift to proof-of-stake consensus under the […]

Advertisements The COVID-19 pandemic may have put a stop to live conferences, but that didn’t prevent the Ethereal Summit from happening. Instead of gathering together, event participants streamed a two-day conference online. One of the highlights was a conversation in which Ethereum Co-Founder Joseph Lubin and Galaxy Digital Founder and CEO Mike Novogratz tackled Ethereum […]

Advertisements New research has suggested that the initial phases of the highly anticipated upgrade for Ethereum could launch as soon as July of this year, assuming there no further delays. BitMEX research has taken a deep dive into the Ethereum 2.0 upgrade, which will herald in a long-awaited migration from proof-of-work to proof-of-stake consensus. The […]

Advertisements Recent data on the cryptocurrency derivatives market indicates that there is still steady growth despite the economic crisis that the world is facing. Trading volume is up from 2019 and many entities are planning to bolster their infrastructure and services. TokenInsight’s most recent 22-page report indicates that, despite the economic fallout as a result […]

Advertisements Two mining pools on Ethereum are continuing to dominate the competition and now make up over half of the entire hashrate for the network. Hashrate is often used as an indicator to judge the strength of a network. However, it is also important to look at how distributed this hashrate is. In the case […]

Advertisements The attacker responsible for the $25 million theft from DeFi protocol, dForce, has returned all of the funds. There has been no explanation for the change of heart, but it is suspected that a lack of thoroughness in covering up his tracks led the attacker to return the funds, in order to avoid further […]