Following a huge incorrect payment in gas fees made by Bitfinex, an Ethereum miner has refunded the overpaid transaction funds. Bitfinex Paid Over $23 Million for Ether Gas Fee According to blockchain data from Etherscan on Monday (September 27, 2021), one of the wallet addresses belonging to cryptocurrency exchange Bitfinex, paid 7,626 ETH, which at the time was worth $23.7 […]
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Crypto-focused behavior analytics startup Santiment claims market speculators are moving on from Ethereum ($ETH) to other layer one (L1) blockchains that offer a higher rate of return on investment. In a new insights blog post titled “ETH – Where has all the magic gone?”, which was published on September 22, Santiment says that exchanges are experiencing an influx of $ETH, […]
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Ethereum developer Virgil Griffith is facing up to 6.5 years jail term, after pleading guilty to charges of conspiracy. The developer had allegedly taken a trip to North Korea back in 2019, to aid them in using Eth to bypass United States sanctions. The developer has also previously featured on the American show King of the Nerds, a show where […]
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“Not So Unique” Ether Should Be Valued At $1,500 — Says JPMorgan Strategist, Citing Threats From Cardano, Solana The uniqueness of Ethereum has come into question by the investment banking giant, JPMorgan, with smart contracts being activated on other blockchains. ETH killers are not leaving any stone unturned in their quest to take a large percentage of Ethereum dApps. The […]
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World renown rapper Snoop Dogg has entered the metaverse where he is building a mansion inside the Sandbox, inviting us and you to a party. Alas the special tickets sold out in 20 minutes, but someone got a party pass and shared it with the public. A video makes the Snoop Dogg sandbox look a lot more glamorous. There’s avatars, […]
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Cryptocurrency market observers are speculating that a supply shock is coming for Bitcoin and Ethereum. For Ethereum, market players are rolling out some significant factors that are leading up to the supply shock for the second most valued cryptocurrency by market cap. As popular Ether proponent and analyst “Croissant” noted on Twitter; “There are several things leading up to an […]
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Ethereum’s hashrate has risen to an all time high, nearing 700 terahashes per second (TH/s) after crossing the high of 632 TH/s reached in May as pictured above. Following some turbulences while China kicked out miners this summer, with eth’s hash falling to 595 TH/s, it now appears to have more than recovered as it sets a new high. That’s […]
Read moreBritish banking giant Standard Chartered has expressed its optimism on the future of leading altcoin Ethereum. Standard Chartered expressed its opinion in a research note published on Tuesday, September 7, 2021. The bank explains that although ETH remains closely linked to Bitcoin (BTC) in terms of price, the altcoin has several advantages over the leading cryptocurrency. It noted that Ethereum’s […]
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The total amount of ether (ETH) burned by EIP-1559 has so far surpassed 214,000. NFT marketplace OpenSea has burned the highest amount of ether since EIP-1559 went live, while DeFi yield farming protocol, Uniswap (UNI) has burned nearly 1k ETH in the past 24-hours alone. Over 200k ETH Burned Despite initial criticisms from Ethereum miners, the Ethereum Improvement Proposal 1559 […]
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