ETHPOW Hype ends as Would-Be Token’s Price depreciates
On exchanges where the digital asset is listed, there is still little interest among cryptocurrency traders to bet on ETHPOW Some cryptocurrency exchanges hurried to offer ETHPOW, the token of a hypothetical, competing Ethereum protocol, earlier this month in the hopes that cryptocurrency traders would wager on the token’s price even before it was released. […]
Three cloud providers host over two-thirds of Ethereum nodes -Analysis
According to a post dated August 15, Ethereum nodes are hosted on three large cloud providers including Amazon Web Services (AWS), Hetzner, and OVH with each contributing over 50%, 15%, and 4.1%, respectively. According to crypto analytics platform Messari, the bulk of the 4,653 active Ethereum nodes are held by centralized web service providers like […]
Tornado Cash ban spells disaster for Web3 privacy protocols
There are growing worries that the recent penalties imposed by the US government on Tornado Cash could create a “slippery slope” for Web3 privacy and ultimately render the medium “meaningless.” Shumo Chu, co-founder of the privacy protocol Manta Network, voiced concerns about the severe penalties against Tornado Cash would have a ripple impact on other […]
ETH deposits and withdrawals will not be executed by Coinbase.
Ethereum deposits and withdrawals will not be processed by Coinbase during the merger. For many months to come, even after the integration, staked ETH won’t be accessible for withdrawal. During September’s “merge” update, Coinbase, the biggest cryptocurrency exchange in the US, will temporarily prohibit ETH deposits and withdrawals. Tuesday, the exchange published a blog post […]
Traders FOMO As ETH price rejects at $2,000.
The strong 82.8% rise since the rising wedge formation began on July 13 surely looks to be a success for bulls even if ETH price rejected the $2,000 barrier on August 14. As the network anticipates the Merge transaction to a proof-of-stake (PoS) consensus network on September 16, the ideal of “ultrasound money” unquestionably draws […]