Just two days after the launch of EIP-1559, $30 million of Ethereum was lost
As a result of the London hard fork (EIP-1559), which took effect on August 5, the Ethereum network has withdrawn $30 million from circulation. The London hard fork modified the way miners get compensated. Since it went into effect two days ago, Ethereum’s new transaction fee-burning mechanism EIP-1559 has taken $30 million in ETH from […]
Ethereum Futures appear promising
Ethereum futures look promising, but the question still remains whether people are ‘merely talking than doing’? The Bitcoin vs. Gold debate has recently gained traction as a result of investors seeking safe-haven assets to diversify their portfolios. This is a major issue for some, especially given the overall rise in prices. Federal Reserve Chair Jerome […]
Ethereum exceeds $3,000 after London upgrade
After the London hard fork upgrade, the price of Ethereum continues to rise, recapturing a level it hasn’t seen in nearly three months. Following the recent introduction of a major network update, Ethereum’s price has risen to $3,000 for the first time since the market’s wild fall in mid-May. According to CoinMarketCap data, the price […]
Altcoins: How and where to stake when hodling Ethereum
Staking Ethereum continues to extend the possibilities for earning passive income. Here’s a sample of some of them. The Ethereum network officially underwent its London hard fork , which includes improvements to the transaction fee market, courtesy to EIP-1559, and the overall feeling across the cryptocurrency ecosystem has been one of boiling expectation over the […]
SEC files first enforcement action in $30M DeFi project fraud case
“The labeling of the offering as decentralized and the securities as governance tokens did not hinder us from ensuring that DeFi Money Market was immediately shut down and that investors were paid back,” stated the SEC. Securities and Exchange Commission may take enforcement action against a Cayman Islands-based corporation and two individuals in the field […]