Search Results for: eth

The post Tether claims it’s fully backed after the court rejects the request to conceal records appeared on BitcoinEthereumNews.com. Amid overall concerns about the stability of stablecoins following the TerraUSD crash, Tether (USDT) has maintained that its reserves are strong and fully backed. Tether, through its 2022 Q1 quarterly…

The post Ethereum Nears Major Upgrade as Testnet Set to Undergo Merge in June appeared on BitcoinEthereumNews.com. Ethereum developers have reached another milestone on their way to the long-awaited ETH 2.0 network upgrade—the Ropsten public testnet will undergo an upgrade to proof-of-stake consensus on June 8. The…

The post 2 key Ethereum price metrics suggest traders will struggle to hold the $2K support level appeared on BitcoinEthereumNews.com. Ether (ETH) price has been trying to establish an ascending channel since the May 12 market-wide crash that sent its price to $1,790. Currently, the altcoin’s support stands at $2,000,…

The post Two Ethereum Rivals Are Far Outperforming ETH in Pair of Key Metrics, Says Venture Capital Giant Andreessen Horowitz appeared on BitcoinEthereumNews.com. Two altcoins are crushing Ethereum (ETH) in terms of active addresses and daily transactions, according to a new report from venture capital giant Andreessen Horowitz (a16z). The venture capital firm…

The post Ethereum Approaches Major Upgrade With Ropsten Public Testnet appeared on BitcoinEthereumNews.com. Ethereum’s core development team has reached a new milestone with the release of the Ropsten public testnet, which will now undergo an upgrade to its revised proof-of-stake consensus algorithm, in…

The post What Are Ethereum Rollups? A Scaling Solution to Cut Transaction Costs appeared on BitcoinEthereumNews.com. In brief Ethereum rollups “roll up” a bunch of transactions into one. They come in two basic forms: optimistic rollups and zero-knowledge rollups. Even after the latest crypto crash, Ethereum…

The post Norway’s Central Bank Chooses Ethereum L2 Project for CBDC Test appeared on BitcoinEthereumNews.com. Norway’s Central Bank is piloting it’s Central Bank Digital Currency (CBDC) using a sandbox created by Nahmii, an Ethereum L2 solution. Nahmii announced on May 16 that Norges Bank (Norway’s…

The post Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation appeared on BitcoinEthereumNews.com. More than 5,505 Ether of the Ronin Bridge exploitation seems to be transferred through Tornado Cash, a unique privacy crypto exchange. Blockchain data showed that the address associated with the…

The post Is Tether’s USDT Going to Pull a UST? Probably Not appeared on BitcoinEthereumNews.com. Key Takeaways Following Terra’s UST collapse, Tether’s USDT market cap has dropped by over $9 billion. The recent redemptions of USDT for dollars have led some to once again question…

The post Ethereum (ETH) Perpetual Contract Price Analysis: May 18 appeared on BitcoinEthereumNews.com. On May 18, the bullish ETH price analysis is at  $4780. ETH’s bearish market price analysis for May 18, 2022, is $1450 Ethereum’s MA shows a downward trend. In Ethereum…