Ethereum Slides to $1,600: A Crucial Battle Awaits Bulls and Bears

Ethereum Slides to $1,600: A Crucial Battle Awaits Bulls and Bears

Ethereum experiences a sharp drop to $1,580, facing resistance at $1,645. A breach below $1,600 might lead to further declines to $1,540. Key Takeaways In a sudden turn of events, Ethereum (ETH) has wiped its recent gains, plunging back down to a concerning $1,580 against the US dollar, and is now wrestling with bearish undercurrents. The descent was substantial enough …

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VanEck’s Ethereum ETF Profits Pledge Boosts ETH Outlook

VanEck’s Ethereum ETF Profits Pledge Boosts ETH Outlook

VanEck commits 10% of Ethereum ETF profits to support core developers, enhancing stability and potential price impact, amid regulatory uncertainties. Key Takeaways: Investment management giant VanEck has announced a generous commitment to donate 10% of the profits from its upcoming Ethereum Strategy ETF to Protocol Guild, a collective supporting Ethereum’s core developers. This declaration comes ahead of the highly anticipated …

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Privacy Concerns: The Dark Side of Anonymity in Cryptocurrencies

Privacy Concerns: The Dark Side of Anonymity in Cryptocurrencies

With the rise of cryptocurrencies, the financial landscape has witnessed a revolutionary shift towards decentralized digital currencies. Cryptocurrencies, such as Bitcoin and Ethereum, offer numerous benefits like transparency, security, and efficiency in transactions. However, there is a growing concern regarding privacy in the realm of cryptocurrencies. While anonymity has been touted as one of the main advantages of using cryptocurrencies, …

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Bitcoin: Fostering Financial Innovation and Technology

Bitcoin: Fostering Financial Innovation and Technology

itcoin, the world’s first decentralized digital currency, has revolutionized the financial landscape since its inception in 2009. Built on the groundbreaking technology called blockchain, Bitcoin offers numerous advantages and opportunities for financial innovation. In this article, we will explore the fundamental aspects of Bitcoin, the impact it has on financial systems, its future implications, and the challenges it faces. What …

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Ethereum Fees Take a 70% Dive as Self-Custody Adoption Gains Momentum

Ethereum Fees Take a 70% Dive as Self-Custody Adoption Gains Momentum

Newly released data suggests that self-custody has experienced a notable surge while Ethereum fees have plummeted by 70%. After hitting a peak of $14 per ETH transaction in May, the average Ethereum fees have now decreased to $4.3, returning to their usual levels.  Ethereum users have been struggling with high transaction costs for a long time. Thus, the recent reduction …

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Cardano Transaction Fees Soar to New Heights in August 2022

Cardano Transaction Fees Soar to New Heights in August 2022

According to Messari data, Cardano, the third-largest smart contract platform by market capitalization, has experienced a significant increase in transaction fees. On May 28, the Cardano network recorded a remarkable surge in transaction fees, reaching a record high of $15.2K, the highest since Aug. 11, 2022. This indicates a surge in network activity and demand.  Cardano Reaching New Heights  Ethereum, …

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Visa's Paymaster Smart Contract Goes Live on Ethereum Testnet

Visa’s Paymaster Smart Contract Goes Live on Ethereum Testnet

Visa, the global leader in payments solution, has introduced its first paymaster smart contract on the Ethereum Goerli testnet. Cuy Sheffield, Visa’s Head of Crypto, announced this development on Twitter, stating the company’s eagerness to continue investigating and exploring account abstraction and ERC-4337. All about Paymaster This smart contract named Paymaster, operates as a patron for transaction fees of contract …

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Massive $34 Billion Ethereum (ETH) Influx Set to Shake Up Market in 24 Hours

Massive $34 Billion Ethereum (ETH) Influx Set to Shake Up Market in 24 Hours

As the Shapella upgrade approaches, Ethereum is finalizing its transition to a proof-of-stake (PoS) consensus mechanism. This will enable validators to withdraw approximately $34 billion worth of staked Ethereum. The imminent release has given rise to speculation about its potential impact on the cryptocurrency market, especially since a substantial proportion of the locked ETH is already liquid due to staking …

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Ethereum-based Solutions for Cross-Border Payments and Remittances

Introduction Cross-border payments and remittances are an essential part of the global economy. However, traditional methods of sending money across borders are often slow, expensive, and prone to errors. Ethereum-based solutions offer a faster, cheaper, and more secure way to send money across borders. In this article, we’ll explore some of the Ethereum-based solutions for cross-border payments and remittances. Ethereum-based …

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