Burnt Ether Tops $2B as Ethereum 2.0 Deposit Contract Continues to Grow

Burnt Ether stands at 608,567 ETH worth $2.089 billion since the London Hardfork or EIP 1559 upgrade went live on August 5.

Even with Ethereum 2.0 underway, L2 scaling is still key to DeFi’s future

By incorporating scaling solutions, such as rollups and sidechains, Ethereum has the potential to implement the true vision of DeFi. The Ethereum network has come a long way over the last few years.

Polkadot and Ethereum 2.0 — A Look at the Solutions Building the Scalability of Tomorrow

Both Ethereum 2.0 and Polkadot are promising sharding-based protocols overcoming the scalability challenges facing legacy blockchains.

Ethereum Supply Shock Grows As Reserves Decrease, ETH 2.0 Contract Increases

The Ethereum supply shock has been growing as exchange reserves continue to decrease and value staked in ETH 2.0 contract rises.

This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4

The upside outlook appears as ETH price eyes a breakout above its five-month-old resistance trendline. Ethereum's native token Ether (ETH) has rallied by more than 415% this year to over $3,800, and two major bullish patterns developing on its charts highlight the scope for another upside move, ultimately toward the $6,200-$6,500 price range.ETH price eyes $4K resistance breakoutThe first decisive break above the psychological $4,000-mark, which serves as a resistance trendline to five-month-olds ascending triangle and a cup and handle pattern, could trigger a textbook price rally in the coming sessions. In detail, the $6,250-level appears as the profit target for the Ascending Triangle pattern, calculated by measuring the widest distance between its horizontal and rising trendlines and adding the output to the potential breakout level around $4,000.

Ethereum Usage is Now 54 Times to Bitcoin as Ethereum 2.0 Becomes the Largest ETH Holder

As the neck-to-neck battle between Bitcoin and Ethereum continues, the latter has emerged as the victor in terms of usage.

Total Value Locked in Ethereum 2.0 Hits a Record-High Amid ETH Supply on Exchanges Nosediving

Ethereum 2.0 deposit contract continues to see an uptick in investments based on a surge in the total value locked (TVL).

Umbrella Network launches on Ethereum with cross-chain bridge to BSC

Smart contracts, especially for DeFi, are becoming a data-intensive industry.

Ethereum will replace Bitcoin as the leading crypto network, claims Polygon co-founder

According to Polygon’s co-founder, Sandeep Nailwal, it is only a matter of time before Ethereum overtakes Bitcoin as the dominant layer-1 protocol.

ETH 2.0 moves closer to fruition as devs set Altair upgrade for October

Ethereum’s transition to proof-of-stake continues, with the first mainnet upgrade of Beacon Chain scheduled for late October.

Ethereum alternatives and layer-1 solutions see steady gains in September

Multi-million dollar incentive programs and the ease of cross-chain transfers are boosting the value of L1 and L2-based tokens and raising the total value locked in their associated DeFi platforms. The competition among layer-one (L1) smart contract platforms has been on the rise in the past couple of months as traders and developers continue to embrace Ethereum (ETH) network alternatives that offer faster transaction times and lower fees.According to a recent report from Delphi Digital, the price of Ether has remained relatively flat over the past month while competitors like as Solana (SOL) and Fantom (FTM) have seen their prices rally more than 200% during the same time.

Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low

The second-largest cryptocurrency falls 13.30% versus Bitcoin's 9.38% decline as China's move scares investors away. The price of Ethereum's native token Ether (ETH) crept lower Friday after China extended its crackdown on cryptocurrencies by deeming their transactions as "illegal.""Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies," the People's Bank of China said in a statement on its website Friday, adding that online crypto services to Chinese residents offered by offshore exchanges are also "illegal financial activities."Bids for the ETH/USD pair dropped by up to 13.30% to $2,735 in response.

Staking on Ethereum 2.0, explained

The upgrade to Ethereum 2.0 comes with many changes, including the migration to the proof-of-stake consensus algorithm, believed to make the network more secure and compensate participants accordingly. What is the difference between self-staking and ETH2.0 Staking Earn?While Ethereum 2.0 staking allows validators to be compensated for securing the network, ‘Ethereum 2.0 Staking Earn’ is its own product, providing users rewards from several DeFi products.On Ethereum 2.0, the PoS-powered blockchain will bundle 32 blocks of transactions during each validation round.

Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K

Meanwhile, the amount staked in Ethereum 2.0 smart contracts reached over 7.75 million ETH. The total amount of Ether (ETH) held by all the crypto exchanges fell to its lowest levels, just as its prices rose back above $3,000 per token on Sept.

Data shows parabolic-style growth in layer-2-based DeFi and DEX platforms

Layer-2-based DeFi and DEX platforms have seen an incredible surge in user activity, revenue and total value locked since the launch of Arbitrum and Avalanche’s cross-chain bridge. In the increasingly competitive landscape of blockchain technology and cryptocurrencies, protocol innovation and the ability to solve the biggest problems facing the crypto community are necessary for any project that looks to have long-term success in the ecosystem. Recently, the emergence of layer-2 technology like Arbitrum, Optimism and a bridge to the Avalanche ecosystem is revolutionizing the way investors, builders and developers interact with various protocols because each facilitates fast, low-cost transactions that improve the fundamentals of the decentralized finance (DeFi) ecosystem while also making it easier for retail-sized investors to capitalize on opportunities.

Here's this exec's take on when 'people will really relinquish' their Bitcoin, cryptos

The Ethereum 2.0 contract is currently the biggest holder of Ether, with the same edging closer to the psychological level of $30 billion by the hour. With more and more Ether deposits streaming inThe post Here's this exec's take on when 'people will really relinquish' their Bitcoin, cryptos appeared first on AMBCrypto.

Multicoin Capital leads Eden Network’s $17.4M seed raise

Ethereum’s London hard fork went live on Sunday.

ETH 2.0 Contract Exceeds 7.4 Million Ether, Close to $30 Billion Locked, Liquid Staking Pools Grow

The Ethereum 2.0 contract now has more than 7.4 million ether worth over $29.3 billion using today’s ether exchange rates.

Kraken Supports Ethereum 2.0 Clients Team Alongside Five DeFi Projects With A $250K Donation Each

Kraken and five other DeFi projects contribute $250,000 each to support the teams that work on the Ethereum upgrade.

Can Ethereum 2.0 beat Lightning Network in the race to scalability

The two largest cryptocurrencies, Bitcoin and Ethereum, are often compared and the debate over which is the better network is a never-ending one.

Altcoin Roundup: Layer-one protocols chip away at Ethereum’s dominance.

Layer-one projects register a steady inflow of new users as the cost of using the Ethereum network gives projects like Avalanche and Cardano room to gain a foothold in the market.

Cardano chart painting a bull flag for $3 ADA price ahead of ERC-20 converter launch

The classic technical pattern points to a 20% price rally in the Cardano market, with its profit target sitting above $3. Cardano (ADA) appears to be heading towards a new record high as its downside move takes the shape of a bull flag.In detail, the ADA/USD exchange rate plunged 16.91% to $2.47.

What Does Ethereum 2.0 Mean for Scaling Solutions Like Polygon?

Polygon has become a temporary solution for Ethereum's scaling issues.

Will Polkadot save decentralized finance from Ethereum’s scaling problem?

Polkadot is trying to achieve scalability without compromising network security.

London’s impact: Ethereum 2.0's staking contract becomes largest ETH holder

The aftereffects of the London upgrade begin to emerge as the Eth2 staking contract becomes the single largest Ether holder.

Will Polkadot save decentralized finance from Ethereum’s scaling problems?

Polkadot may beat Ethereum 2.0 in the transaction fee race. Web3, interoperability, and layer 0 are all terms tossed around when describing Polkadot.

DeFi TVL hits a record $157B as Ethereum competitors attract investors

Interoperability-focused projects that offer cross-chain bridges and lucrative liquidity mining pools are seeing an influx of funds right as DeFi’s TVL hit a new all-time high.

Ethereum supply shock: Exchange ETH reserves continue to fall after a 26% drop in 2021

To date, 92,595 ETH have been burned following Ethereum's London hard fork upgrade.

Kraken, Synthetix etc. donate $1.5M to fund Ethereum 2.0

Ethereum and its ecosystem have been seeing groundbreaking developments and innovations of late.

Kraken Contributes $250,000 to Enhance Ethereum 2.0 Upgrade

Kraken, a leading US-based crypto exchange, revealed its $250,000 donation aimed at helping open-source developer teams tasked with the Ethereum (ETH) 2.0 upgrade.

Five DeFi projects and Kraken tip in $250K each to support Eth2 client teams

The Ethereum Foundation will pass the donations on to open-source developer teams including Besu, Erigon, Geth, Nimbus and Nethermind.

DeFi Firms, Kraken Donate $1.5 Million to Ethereum 2.0 Development

Crypto exchange Kraken, along with five decentralized finance projects, is donating a total of $1.5 million to developing Ethereum 2.0.

Ethereum Creator Vitalik Buterin Censures Facebook And Twitter’s Crypto Plans

Vitalik Buterin, creator of Ethereum commented through Bloomberg on Square and Facebook’s blockchain efforts.

Total Value Locked in Ethereum 2.0 Reaches Record-High as Gas Fees Decreased

More investment continues trickling in Ethereum 2.0, which has broken the record, as disclosed by on-chain metrics provider Glassnode.

Ethereum Whales Are Depositing More ETH to the Ethereum 2.0 Contract Amid Protocol Upgrades

On-chain data from CryptoQuant shows whales are bullish on Ethereum in the long run, depositing more ETH even after its price surge last week.

Institutional Investors FOMO For Ethereum Exposure

Ethereum trends show it’s becoming more valuable as ETH 2.0 draws near.

Ethereum 2.0 Becomes The Leading Hodler of Ether With $21.5 Billion in Funds

Presently, the staking contract of Eth2 has become the largest holder of Ethereum.

Mining software appears to have cracked Nvidia's Lite Hash Rate algorithm

The exploit reportedly unlocks up to 70% of the original graphic card mining power. The team behind mining software NBMiner claim to have partially cracked Nvidia’s anti-mining limitations.Back in June Nvidia implemented an algorithm called Lite Hash Rate, or LHR, on all graphics cards from its RTX 30 series in an attempt to curb crypto mining.

Ethereum 2.0 Staking Tops $21 Billion With 'Merge' on the Horizon

The top holder of ETH is now Ethereum 2.0.

What are Layer 2 Scaling Solutions?

Blockchain’s moon race is on as the ecosystem grapples with developing scalability solutions to meet demand without sacrificing security or decentralization – the classic blockchain trilemma.

Ledger Live integrates ‘accessible’ Ether staking option

Ledger announce support for Ether staking using Lido Finance in an attempt to drive affordability and inclusion in the market. In a recent blog post, popular cryptocurrency hardware wallet Ledger announced a new partnership with Ethereum 2.0 staking solution Lido Finance in a move that claims greater accessibility and liquidity for independent stakers in the market.Staking is a niche method of investing within the cryptocurrency ecosystem which allows users to independently or collectively stake their crypto assets, collecting passive income in return, as well as actively contributing to the sustainability of the blockchain network.Users attempting to stake their Ether (ETH) in the past have been met with daunting economic hurdles.

eToro Launches ETH Staking

eToro, the global multi-asset investment platform, announced today that it will be expanding its crypto staking service to include the Ethereum 2.0 blockchain.

Teller Finance deploys mainnet on Polygon, migrates 2,200 NFTs

Polygon allows Teller Finance to port its solutions onto a scalable network, thereby overcoming many of the current challenges associated with Ethereum.

Here’s what traders expect now that Ethereum price is over $3,000

ETH traders hint that the bull market could be back after Ethereum price hit $3,000 for the first time in 79 days.

Ethereum price soars above $3K into 'red zone' triggering sell-off fears

An on-chain indicator, notorious for accurately predicting Ether tops, returns amid the ongoing price rally. Ethereum's native asset Ether (ETH) crossed above $3,000 in an extended upside rally on Aug.

Altcoin Roundup: Hodling Ethereum? Here’s how and where to stake your ETH

The options for earning passive income from staking ETH continue to expand.

MyEtherWallet founder notes two key aspects of Ethereum London hard fork

Ethereum's London hard fork made a number of changes to the Ethereum blockchain. Ethereum underwent an upgrade on Thursday, bringing with it a number of alterations to the network's blockchain.

Ethereum Co-Creator ‘Confident’ About Next Steps After London Hard Fork

With Ethereum's London hard fork in the rearview mirror, its creator Vitalik Buterin is 'more confident' about the coming Ethereum 2.0 merge.

London Hard Fork Success Made Vitalik Buterin More Confident About the Ethereum 2.0 Transition

Vitalik Buterin, the co-founder of Ethereum, classified the recent London Hard Fork as a successful step towards ETH 2.0.

Vitalik: ‘More confident about the merge’ following ETH’s successful London upgrade

The London upgrade has been a success, and now eyes are on the even more eagerly awaited merge with Eth 2.0 Ethereum co-founder Vitalik Buterin has hailed the London hard fork a success adding that it has given him more confidence over the upcoming merge to the Eth 2.0 chain.Speaking to Bloomberg News from Singapore, Buterin said that EIP-1559 is “definitely the most important part of London.” The upgrade, which went live around 15 hours ago, has tweaked the fee generation mechanism resulting in a portion of the fees being burnt.At the time of writing, more than 3,500 ETH worth around $9.8 million had already been burnt since the upgrade launched.Buterin stated that the successful deployment of the London upgrade is “proof that the Ethereum ecosystem is able to make significant changes.” He added that the upgrade:“Definitely makes me more confident about the merge,”According to the official documentation, the current Ethereum mainnet will “merge” with the proof-of- stake Beacon Chain marking the end of proof-of-work for Ethereum.

London is live and Ethereum bulls control Friday’s $357M ETH options expiry

$357 million in ETH options expire on August 6 and bears don’t stand a chance given that every neutral-to-bearish put is underwater. Ether (ETH) price rallied 50% leading in the London hardfork because many investors expect the upgrade to solve the issue of high transaction fees and make the altcoin a deflationary asset. Pantera Capital CEO Dan Morehead has predicted that the upcoming upgrade would likely cause Ether to 'flip' Bitcoin (BTC) as the leading cryptocurrency but this is a topic under heavy contention.

Ethereum London Hard Fork Now Live: Here’s What You Need to Know

Ethereum's London hard fork took place at block 12,965,000.

Ethereum is becoming ultrasound money, ConsenSys founder says

“With $13 billion worth of Ether locked up in Ethereum 2.0 and $70 billion locked up in decentralized finance, we have enormous demand for the Ether token,” said ConsenSys founder Joe Lubin.

Ethereum Community Gears up for the Long-Awaited London Fork Set to Go Live on August 5

The Ethereum community has been gearing up for the highly anticipated London Network Upgrade which should take place on August 5 around 2:00 p.m.

Ethereum’s London hard fork expected to arrive on Thursday, ushering in EIP-1559

Think Ethereum is going to morph into a deflationary asset over night? Not so fast! Ethereum’s London upgrade is set to activate on Thursday, according to the countdown available on Ethereum.org.

Ethereum 2.0 Sees High Deposit Rate as London Hard fork Looms

Ethereum 2.0 deposit contract has seen more accounts deposit 32 ETH in the past days as investors prepare for the impact of the EIP 1559 upgrade launch (Read More)

ETH 2.0 will help Ether outpace Bitcoin, Pantera Capital CEO predicts

Ether has more potential than Bitcoin as a newer cryptocurrency, and the latest EIP 1559 will help the token trade more like a fixed asset, Pantera Capital CEO said. Amid the looming Ethereum London hard fork, Pantera Capital CEO Dan Morehead predicted that the upcoming upgrade would likely help Ether (ETH) outpace Bitcoin (BTC) as the largest cryptocurrency.As a newer cryptocurrency, Ether has more potential than Bitcoin, Morehead said at the Reuters Global Markets Forum on Monday, noting that the latest Ethereum Improvement Proposal (EIP) 1559 upgrade will help the digital token to trade more like a fixed asset.One of five EIPs in ETH London upgrade, EIP 1559 is an anticipated update to Ethereum’s existing fee structure, introducing a minimum payment for sending Ethereum transactions and move away from a bidding system that allows miners to prioritize the highest bids.

3 reasons why Ethereum can hit $3K in the short term despite overvaluation risks

Ethereum risks bearish exposure as ETH price rises against falling volumes, but three crucial on-chain indicators suggest a dissenting scenario. Ethereum's native asset Ether (ETH) dropped after reclaiming its two-month high in the previous session, suggesting that its recent bullish rally was nearing exhaustion. In detail, the ETH/USD pair topped out at $2,699 on Sunday for the first time since June 7.

Binance completes Polygon wallet integration

The company indicated that transactions should now be cheaper than utilizing the traditional Polygon-Ethereum bridge. Binance has fully integrated the Polygon (MATIC) mainnet onto its platform, according to a press release.

Avalanche launches upgraded bridge, prepping DApps for mainstream adoption

The new bridge is allegedly five times cheaper, faster, and more secure than before.

How Do You Stake Cryptocurrencies? Earning Passive Income With Crypto

Proof-of-stake cryptocurrencies like Ethereum 2.0 and Polkadot will reward you with crypto for staking your coins.

Ethereum Breaks 200,000 Validators Milestone, Over $14 Billion Now Staked In ETH 2.0

Ethereum network continues to record increasing support as launch draws nearer with each passing day.

Vontobel Bank Customers Are Interested in Cryptocurrencies, Says CEO Zeno Staub

The CEO of large Swiss-based banking institution Vontobel, Zeno Staub, said that their clients are increasingly interested in cryptocurrencies.

Ethereum’s Crowd Sentiment Hits a Two-Month High as ETH 2.0 Surpasses 200,000 Validators

Ethereum recently jumped above the $2,400 level, triggering crowd sentiment on Twitter to hit a two-month high, as acknowledged by on-chain metrics provider Santiment.

Ethereum EIP-3675 For ETH 2.0 Upgrade Launches On GitHub

The Ethereum Improvement Proposal (EIP) 3675 has now launched on GitHub.

Ethereum is Expected to Undergo a 90% Daily Emission Reduction Following ETH 2.0 Upgrade

Market analyst Lark Davis believes that Ethereum 2.0 upgrade will prompt a 90% daily emission reduction from 12,800 to 1,280.

Ethereum Transition to ETH2 Gets a Formal Improvement Proposal

EIP-3675 puts the network one step closer to Ethereum 2.0.

How Ethereum Miners Could Exploit the Network and How to Fix It

Ethereum 2.0 could snuff out intentional blockchain reorgs, one form of MEV.

Ethereum bounces but ETH price in danger of turning $2.3K into new resistance

The Federal Reserve chairman sidelined inflation concerns, which appears to have coincided with a relief bounce for Ethereum. Ethereum's native token Ether (ETH) reclaimed $2,000 in the early New York trading hours Wednesday as crypto traders assessed the Federal Reserve Chairman Jerome Powell's prepared congressional testimony.The ETH/USD exchange rate surged 7.19% to reach its intraday high of $2,019.90.

Ethereum’s London, Berlin and Shanghai forks and their role in Serenity

Ethereum network is taking a big step toward a scalable PoS blockchain.

Buying Spree: The Top 10 Ethereum Wallets Now Own 20.58% of ETH’s Supply

By increasing their holdings by more than 2% in 40 days, the top ten Ethereum wallets now own about 20.5% of all the asset's overall supply.

Staked Ethereum Surpasses Mined ETH

Ethereum locked in the ETH 2.0 deposit contract continues to outway the one being mined on a daily basis, which is a bullish sign.

Ethereum price dragged down below $2K as US inflation hits highest level since 1991

The second-largest cryptocurrency sells off in line with Bitcoin as traders assess the latest US inflation data. Ether (ETH) perhaps had the most bullish outlook entering the July session, with a key technical update dubbed EIP-1559, promising to make its native token ETH scarcer through the network's first-ever burning mechanism.But so far into the month, the second-largest cryptocurrency by market cap has vastly tailed its top rival Bitcoin.

Best Way To Stake Ethereum 2.0 Guide: Enterprise and Individual Use

 The best Ethereum 2.0 staking services and how to pick one according to your needs.

Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch

The SNX/USD exchange reached $13.76 on Monday for the first time since June 3.

Ethereum's 2.0 upgrades aren't the game-changer that could bring more users

Ethereum might be the darling of the blockchain world, but it’s likely that the awaited Eth2 will not attract wider mainstream adoption. Ethereum 2.0 (Eth2) is being pegged as the blockchain Messiah of Ethereum.

Ethereum’s London Hard Fork: What You Need To Know and What to Expect

The London hard fork is scheduled to take place in August 2021 - what is the fork about and what could Ethereum miners and users expect to change?

Ethereum’s London Hard Fork Scheduled to Commence on August 4

The highly anticipated Ethereum hard fork is expected to launch on August 4 at block height 12,965,000 according to Ethereum core developers.

3 reasons why Ethereum exchange reserves are falling to new lows

Ethereum held in exchange reserves reached a new low after a surge in Ether staked in Eth2 and the approach of the long-awaited London hard fork. Over the past week, astute crypto market analysts noticed some interesting developments related to the supply of Ether (ETH) as the network's August 4 London hard fork approaches.Recent data from CryptoQuant, an on-chain analytics firm, indicates that the amount of Ether held in cryptocurrency exchanges' reserves has hit new daily lows since the start of July.Ethereum all exchange reserves.

Bullish on Ethereum’s London hard fork? Here’s an options strategy pro traders use

Ethereum’s upcoming London hard fork could provide a perfect entry point for bullish ETH options traders. The Ethereum network will undergo a major upgrade on Aug.

Meitu loses $17.3M on Bitcoin, gains $14.7M on Ether

Meitu has reported losses of $17.3 million on its Bitcoin holdings, with its Ether investment having gained $14.7 million despite the recent crypto downturn.

Buy the rumor, sell the news? $10K Ethereum options are 88% down from their peak price

$10,000 Ethereum options for December 2021 cost buyers $734 each, but today they are only worth $85 and ETH price is 47% away from its all-time high.

Swiss Bank Sygnum Launches Ethereum 2.0 Staking

Sygnum, a Swiss-based bank, has recently revealed that it will begin offering customers access to Ethereum 2.0 staking through its banking platform.

Ethereum Going to London in August, but Some Changes Will Need To Wait

Source: iStock/Ivan-balvan In its gradual process of transitioning to Ethereum 2.0 and a proof-of-stake (PoS) consensus mechanism, Ethereum (ETH) might get its London upgrade on or around August 4, at which point a number of changes will take effect, including the much-anticipated Ethereum Improvement Proposal (EIP) 1559 meant to revamp the networks monetary system. Ethereum core developers have

Sygnum Bank Becomes the First Bank to Provide ETH 2.0 Pledge Service

The world's first digital asset bank Sygnum Bank announced to be the first bank to accept the pledge of Ethereum 2.0 from its customers.

Sygnum Bank Launches ETH 2.0 Staking – Business Unit Head Says ‘Staking Is a Core Element for Portfolios’

The Switzerland-based bank Sygnum revealed on Tuesday that the firm now allows Ethereum 2.0 staking.

Goldman Sachs: Ethereum's popularity could see ETH become dominant store of value

Goldman Sachs says the popularity of Ethereum's smart contracts means it could overtake Bitcoin as the number one crypto by market cap soon. Goldman Sachs said in a note to clients on Tuesday that the blockchain with the highest "real use potential" is Ethereum, suggesting its ETH could become the dominant digital store of value.As such, Goldman predicts the total market capitalization of ether (ETH) could overtake the total market cap for Bitcoin (BTC) in the coming years, according to a report in Business Insider. "[Ether] currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications."Smart contracts comprise software enabling the automated execution of digital contracts, with the technology having facilitated the boom in decentralized finance (DeFi) protocols and crypto-powered decentralized applications (DApps).The analysts noted that Bitcoin's first mover advantage had given it the stronger brand, however the believe it lacks some of the use cases of Ether and lags in transaction speeds.

Sygnum Becomes The First Bank to Offer Ethereum 2.0 Staking 

The first digital asset bank - Sygnum Bank - announced it would become the first bank to provide Ethereum 2.0 staking.

Bullish for Ethereum? ETH Stored on Exchanges Down to a 2.5 Year Low

With investors rushing to deposit their ether tokens to the ETH 2.0 deposit contract, the number of coins on exchanges has declined to a 2.5 year low.

DeFi Will Replace a Lot of Traditional Finance Services: Interview With Balancer

CryptoPotato talks with Balancer's Head of Growth, Jeremy Musighi, about 2021 bull market, Ethereum 2.0, and DeFi as the future of finance.

Finance Redefined: The $500 million bet on ETH 2.0 making waves! June 24-July 1

We don’t know the identity of the whale that’s deposited a half billion into Ethereum, but a look at the chain tells us a whole lot about them. Whales can be bashful and clever creatures, but when you manage to catch one in action it’s a sight to behold — consider, for instance, the single entity responsible for depositing 100k ETH into the Eth 2.0 deposit contract from 133 different addresses last week.Deposits into the ETH 2.0 staking contract have been picking up as of late, with 100k ETH pouring into the Eth 2 deposit contract on a single day last week.

London fork enters testnet on Ethereum as difficulty bomb sees delay

As Ethereum’s London upgrade launches on the Ropsten testnet, mainnet anticipation for stakers and miners increases.

Ethereum Upgrades Could Jumpstart $40 Billion Staking Industry, JP Morgan

Ethereum upgrades could jumpstart a $40 billion staking industry, according to a JP Morgan report.

JP Morgan Eyes Ethereum Staking as ‘Fast Growing Revenue Opportunity’

The investment bank has its eyes on ETH 2.0 and what it means for the crypto industry.

ETH 2.0 Contract Exceeds 6 Million Ether, Data Shows Ethereum Outperformed BTC in Q1 and Q2

Statistics show that the Ethereum 2.0 deposit contract has exceeded 6 million ether this week as more than $12.4 billion worth of ethereum is held in the contract today.

JPMorgan Analysts Bullish on Ethereum and Staking Economy

Analysts at Wall Street investment bank JP Morgan have stated that staking will gain traction as a source of revenue for institutional and retail investors.

JPMorgan report: Eth2 could kick-start $40B staking industry by 2025

CEO Jamie Dimon may not support crypto, but two JPMorgan analysts say proof-of-stake coin yields are attractive investments in this zero-rate environment. The launch of the energy efficient Ethereum 2.0 network will popularize the proof-of-stake consensus mechanism and make staking yields a more attractive source of income for both institutional and retail investors according to a new JPMorgan report.The authors estimate that holders of staked coins on PoS blockchains are currently generating some $9 billion in revenue annually from their staked holdings. When Ethereum completes its transition from proof-of-work (PoW) to proof-of-stake (PoS) next year, the analysts expect payouts will more-than-double to $20 billion.

Ethereum 2.0 approaches 6 million staked ETH milestone

ETH 2.0 now has 10x more staked Ether to power its proof-of-stake mechanism than the Ethereum Foundation required at launch six months ago. Ethereum 2.0 is approaching what some are calling a major milestone in its short history — 6 million staked Ether (ETH).

Ethereum looks to retake $2K days before London hard fork — Big breakout ahead?

The world's second-largest cryptocurrency also surged in tandem with positively correlated Bitcoin, the flagship digital asset. Ether (ETH) prices reclaimed $2,000 on Monday, increasing expectations that the latest rebound would served as a cue for further upside moves based on bullish fundamental and technical outlooks.The world's second-largest cryptocurrency (by market cap) surged up to 4.96% to $2,083 ahead of the London opening bell.

Ethereum Testnet Burns 88K ETH in Preparation for EIP-1559

The long-awaited upgrade to Ethereum is getting closer as London launches on testnet and EIP-1559 starts to burn transaction fees.