Ethereum (ETH) has been experiencing difficulties in maintaining the $2,000 support level, with its price repeatedly failing to surpass the $2,100 mark. This underperformance comes amidst a decline in overall market sentiment within the cryptocurrency industry. Several recent developments, such as the U.S. Department of Justice (DOJ) signaling potential severe repercussions for Binance founder Changpeng
Ethereum
The Blast network, a Web3 protocol, has seen a significant surge in value since its launch, accumulating over $400 million in total value locked (TVL) in just four days. This remarkable growth has caught the attention of the blockchain community, but it also raises questions about the network’s security. Jarrod Watts, a Polygon Labs developer
Ether (ETH) price has been showing slight upward movement, maintaining support above the $2,000 level. The recent uptrend in Ether’s price can be attributed to various factors such as improved decentralized applications (DApps) metrics, increased protocol fees, and Ethereum’s dominance in the non-fungible token (NFT) market. However, the regulatory challenges faced by Binance, the leading
Bitcoin and Ethereum, the two leading cryptocurrencies in the market, have experienced a significant shift in their average daily transaction fees. According to data from BitInfoChart, Bitcoin’s average daily transaction fee stood at $10.34 on November 20, while Ethereum’s fees averaged at $8.43. This marks a reversal of their usual positions, where Ethereum typically had
In a devastating blow to quantitative trading firm Kronos Research, a hacker managed to exploit the company’s API keys, resulting in a loss of $25 million. The breach occurred on November 19 when an unauthorized entity gained access to the compromised keys. As a precautionary measure, Kronos Research immediately halted its trading services. However, at
Fidelity, one of the world’s largest asset management firms with a whopping $4.5 trillion in assets, has recently made a move to seek approval for a spot Ethereum (ETH) exchange-traded fund (ETF). This development comes as Fidelity filed a proposal with the United States Securities and Exchange Commission (SEC) on November 17th, outlining its plans
The Solana (SOL) network has experienced a surge in value, gaining more than 17% after receiving praise from ARK Invest CEO Cathie Wood for its efficiency and cost-effectiveness. Wood, in a recent CNBC interview, recognized the Solana network as a crucial player in the wider blockchain ecosystem and commended its performance in the current market
In a recent report by blockchain security platform Immunefi, it was revealed that nearly half of all cryptocurrency lost from Web3 exploits can be attributed to Web2 security issues, such as leaked private keys. This eye-opening information highlights the urgent need for stronger security measures in the cryptocurrency space. Released on November 15, the report
The adoption of ERC-4437, the Ethereum account abstraction standard, has not been as revolutionary as initially anticipated. John Rising, a proponent of account abstraction, recently shared alarming statistics that highlight the lackluster adoption of this technology. Rising’s data reveals a substantial decline in users, low transaction activity, and unfavorable operational costs for infrastructure providers. This
The United States Securities and Exchange Commission (SEC) is currently weighing the approval of 12 spot Bitcoin exchange-traded fund (ETF) applications. It is reported that the SEC has a “window” to approve these applications starting from November 9th. This includes the conversion of Grayscale Investments’ Grayscale Bitcoin Trust product. However, even if the SEC were
