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Ethereum price, market cap on Coin360 heatmap

Ethereum(ETH)

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$1,668.93
(1.94%)
0.07136079 BTC
Market Cap (Rank#2)
$203,266,735,455
8,691,361 BTC
Vol 24h
$8,664,053,064
370,461 BTC
Circulating Supply
121,794,821.06
Max Supply
?
4h agocoindesk
Ethereum’s Third and Final Testnet Merge Goes Live on Goerli
Ethereum’s mainnet Merge with the proof-of-stake Beacon Chain should happen sometime next month.
9h agocoindesk
Ethereum’s Move From Proof-of-Work Essential for the Network, Crypto Exec Says
Brian Norton, chief operations officer of MyEtherWallet, joined CoinDesk TV’s “First Mover,” to discuss the blockchain’s upcoming software update.
10h agozycrypto
USDC Predicted to Surpass Tether (USDT) As The Biggest Stablecoin In 3 Months
In light of this, recent research has predicted that USDC will flip USDT as the largest stablecoin in 3 months.
10h agocointelegraph
Price analysis 8/10: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
After Aug. 10’s neutral CPI print, Bitcoin and altcoins are attempting to flip stiff overhead resistance levels to support in order to prepare for the next leg up.
10h agocoindesk
What’s at Stake: Will the Merge Turn Ether Into a Security?
A Georgetown Law professor sounds an alarm on how proof-of-stake makes it easier for ether to meet the Howey Test.
10h agozycrypto
Bitcoin, Ether, Polkadot, Cardano On The Cusp Of Breaking New Highs As US Inflation Eases Up
The surge comes after a choppy start of the week for cryptos in anticipation of the report,...
11h agocointelegraph
CryptoPunk to be split into pieces: Nifty Newsletter, Aug 3–9
Ethereum co-founder Vitalik Buterin proposed a way to anonymize NFT transactions using smart contracts.
12h agocryptodaily
German Crypto Bank Nuri Files for Insolvency
Nuri, a cryptocurrency-focused digital banking platform announced it has filed for insolvency in Germany on Tuesday, citing the prolonged crypto winter. The company has assured that customers' access to the platform’s services and their funds have not been affected. The 2022 bear market has claimed yet another victim. On August 9, the German crypto exchange Nuri filed for insolvency before a Berlin court citing the prolonged bearish cycle the crypto market has undergone since the beginning of the year, saying the move was “necessary to ensure the safest path forward for all our customers.” Although insolvency often leads to bankruptcy, according to Reuters, unlike other crypto firms to have declared insolvency this year, Nuri has not halted customer withdrawals to their euro accounts and crypto wallets. Users are still able to move their funds. The company was forced to make this decision following unsuccessful attempts to secure a new funding round. The company said in a statement, All funds in your Nuri accounts are safe due to our partnership with Solarisbank AG. The temporary insolvency proceedings do not affect your deposits, cryptocurrency funds, and Nuri Pot investments which have been done with us. Nuri, formerly known as Bitwala, has been operating since 2015, offering users the convenience of a regular bank account combined with Bitcoin and Ethereum wallets. The platform also offers saving plans via recurring Bitcoin purchases, as well as its recently launched Nuri Pots, a collection of different exchange-traded funds and other investment products. Explaining the reasoning behind the decision to file for insolvency, Nuri said it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds” including the COVID pandemic and Russia’s invasion of Ukraine along with “the cooling down of public and private capital markets.” The company said, Additionally, various negative developments in the crypto markets earlier this year, including major cryptocurrency sell-offs, the implosion of the Luna/Terra protocol, the insolvency of Celsius and other major Crypto funds have led to a crypto bear market. The insolvency filing comes just two months after CEO Kristina Walcker-Mayer, announced the company was letting go of 20% of its employees “to shift our strategic plans towards earlier profitability to adapt to the new reality in the financial markets.” “All Funds Are Safe” On the FAQ page regarding the insolvency, Nuri said it will work out the next steps in the process with the help of an insolvency administrator, but stressed that “all funds are safe.” The company said that assets in crypto wallets and vaults remain available and may be withdrawn and traded at any time, indicating that it “does not have access to the coins and/or the private keys in users’ vaults.” Nuri also made it clear that custodial wallets are operated by Solaris Digital Assets GmbH (SDA), meaning that it does not handle customers’ crypto funds and fiat. The platform’s mobile application remains available allowing users access to their bank accounts via the app. Nuri users are however still unavailable to withdraw funds from their Bitcoin interest accounts as they were launched in partnership with the now-defunct cryptocurrency lending platform Celsius. The platform says, The Celsius withdrawal freeze remains unchanged, and the withdrawal function remains inactive. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
12h agocointelegraph
Optimism TVL surges nearly 300% M/M ahead of The Merge upgrade
The Ethereum scaling solution has surpassed $1 billion in total value locked within a matter of weeks.
12h agozycrypto
Circle’s USDC Will Fully Support Ethereum’s Proof-of-Stake Over A Proof-of-Work Fork – Here’s Why
Ethereum is staring at another schism in the network as it inches toward transitioning to the PoS consensus mechanism. Stablecoin companies pitch their tents with the planned transition while other entities push for a hard fork.
12h agocoindesk
US Senators Warren, Sanders Ask Key Bank Regulator to Rescind Crypto Guidance
U.S Senators Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), Richard Durbin (D-Ill.) and Sheldon Whitehouse (D-R.I.) asked the Office of the Comptroller of the Currency to rescind interpretative letters allowing banks to engage in crypto activities, and explain how involved banks are becoming in crypto.
13h agocryptodaily
Reddit Continues Web3 Efforts With FTX Partnership
The partnership with FTX will enhance the user experience on the Community Points project for over 400 million monthly active users on the Reddit platform. FTX Pay Joins Reddit’s Community Points Project On Tuesday, FTX announced its global partnership with social media network Reddit to roll out the tokenized Community Points program. FTX is acting as a third-party service provider through its FTX Pay feature. In its statement, FTX noted, “We are excited to help bring Reddit’s vision to life and help communities break free of walled gardens and take ownership of their existence online. We welcome you to check out Community Points!” The project, announced in 2020 as a novel way to empower Redditors, has finally gone live with its beta version. After the NFT Avatar feature, the Community Points will allow users to “own a piece of their community” by adding a custom token to their subreddit. It also opens up opportunities for earning rewards, creating more quality content, and unlocking special features. FTX Pay To Top Up Funds On Reddit Vault FTX Pay is a regulated crypto payments service managed by FTX. As a Reddit partner, the FTX Pay feature is integrated into the Reddit Vault wallet app for users to top up their insufficient funds. Even though Community Points cannot be bought, they can be gifted; and FTX Pay enables a simple method of buying additional ETH to pay the Ethereum network “gas fees” to collect airdrops. Upon detecting insufficient funds, the app automatically prompts the user to redirect to FTX, where they can buy ETH via credit or debit card after completing authentication. The project is being rolled out step-by-step, with the r/CryptoCurrency and r/FortnightBR subreddits being the first to experience it. Since it is still very much an opt-in feature, other subreddit moderators can sign up on a waitlist to join the project, More About Community Points These Community Points are ERC-20 tokens on the Arbitrum Nova blockchain, which are burned and removed from circulation once used. Unlike most other tokens, Points cannot be bought; they have to be earned through contributions like creating content and moderating subreddits. According to the official sub on Reddit, “Communities are the lifeblood of the Internet. But on today's Internet, they are not in charge of their own destiny. Instead, they are controlled by the large platforms that hold all the power online. It is time for a change. Community Points are the first step towards a different future for online communities. These tokens live on the blockchain, which means they are truly owned by the community. Over time, your community will benefit from even greater control and independence — on and off of Reddit.” Furthermore, different Reddit communities can customize the Community Points tool to create tokens with new names, symbols, distribution rules, and purposes. Subreddits can also use them for community governance and moderation purposes, as well as for unlocking premium features. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14h agocryptodaily
Anonymous Tornado Cash User Dusts Celebs
An anonymous user has been sending small amounts of Ethereum via Tornado Cash to hundreds of public wallets in the U.S., including popular celebrities. Flouting Tornado Ban An act of rebellion or just random trolling - the antics of the anonymous user have wrongfully implicated celebrities like Jimmy Fallon, Logan Paul, and Steve Aoki in a regulatory mess. These are just a few of the many celebrities who were sent ETH via the now-banned Tornado Cash by this anonymous troll. The user seems to be blatantly flaunting the transactions in the face of the government’s decision to ban the crypto mixer. Some other wallets that have received ETH from this user via Tornado are that of Coinbase CEO Brian Armstrong, clothing brand Puma, Ukraine crypto donation fund, artist Beeple, and comedian Dave Chappelle. Treasury Sanctions Tornado Cash On Monday, the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) imposed a ban on Tornado Cash for its role in money laundering. The mixer protocol allows users to pool funds and obfuscate the origin of any transaction, making it the ideal tool for illicit activities. The Tornado Cash mixer has been implicated in several major hacks, allowing the perpetrators to muddle the wallet trail. It has been the mixer of choice for the infamous North Korean hacker group, Lazarus, which has siphoned away billions of dollars worth of crypto over 2021. The ban imposed by the Treasury department decrees that all U.S. persons and entities are prohibited from interacting or conducting any transactions with Tornado Cash. Imposed Sanction Is Pointless The word around the block is that this ploy intends to point out the absurdity of imposing a sanction on a mixer tool, as users cannot decline incoming funds from such tools. By sanctioning Tornado Cash, U.S. citizens are now legally required to block incoming transactions from their wallets. However, it is impossible to block an incoming transfer on-chain. Therefore, they would have to block addresses that have already sent them these funds through the mixer tool, a process only viable for exchanges or similar businesses. As the matter stands right now, because of these transactions, all these celebrities and popular brands have now interacted with Tornado Cash, thus flouting the Treasury’s sanction. It remains to be seen if the government will take action against these public figures due to something outside their control. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14h agocryptodaily
Layer-1 Blockchain ‘Injective’ Raises $40M in Funding Round Led by Jump Crypto
Injective has managed to raise $40 million in a private token sale led by Jump Crypto according to reports from Tech Crunch. Brevan Howard Digital, the cryptocurrency arm of British billionaire hedge fund manager Alan Howard, also took part in the funding round. The capital was raised by Injective and Injective Labs, a software development firm that supports the blockchain, to add new stockholders to the ecosystem. The platform aims to optimize and build decentralised finance applications such as exchanges, derivatives, prediction markets, and options. The platform also produces financial decentralised applications (dApps). Through Injective, founder Eric Chen aims to create an Ethereum virtual machine-compatible blockchain specialized in decentralised finance use cases. Chen said, This is a fundamental piece of innovation and a fundamental paradigm shift that no one wants to be excluded from or too late on adopting. This is why we’re so excited – those who are making large efforts and commitments are innovating forward. Chen added that the new funds will be used to support incoming Injective developers as well as build critical toolkits, support software, and core upgrades to expand its ecosystem. The capitals will also allow Injective to increase utility for its native token, INJ, and will provide liquidity and support to dApps on its blockchain. The raise will also support a broader effort to bring on more institutions and provide greater liquidity to DeFi according to Chen. He added, The ecosystem is institution-ready and excited for sophisticated liquidity coming in as well. It’s a synergetic effort for broader adoption. According to Chen, in recent times there has been greater interest in DeFi and activity from traditional institutions and the traditional finance sphere, noting, This is definitely shown with financial service providers like investment banks, brokerage firms and asset managers regardless of market conditions. Despite the crypto market still finding itself in troubled waters, the price of Bitcoin remaining below $25,000, and start-up valuations are down across the board, Chen thinks now is the optimal time to raise capital, saying, We want to go against what the current trend is. We want to be in the best position possible during a bear market to build and support new incoming developers and capture those opportunities. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
15h agocryptopotato
ADA Rallied 7% on Positive Inflation Numbers, Here’s the Key Resistance (Cardano Price Analysis)
Cardano managed to rally by 7% together with the rest of the market once CPI figures showed inflation slowed in the US. Key Support levels: $0.50, $0.45  Key Resistance levels: $0.55, $0.66  US inflation decreased in July to 8.5% compared to 9.1% in June. The market quickly rebounded as soon as these figures were published […]
15h agozycrypto
Ethereum Growing At Breakneck Pace As Whales Load Up Over $2 Billion In ETH On Merge FOMO
The crypto market is slowly recovering, and Ethereum (ETH) seems to be at the fore of the current rally.
15h agocryptodaily
Vitalik Buterin Defends Tornado Cash Use Cases Amid U.S. Sanctions
Days after the U.S. government announced sanctions against crypto mixing platform Tornado Cash, Ethereum co-founder and alpha developer Vitalik Buterin opined on the matter, defending the platform's use case for legitimate contexts. According to Buterin, Tornado Cash is an example of a platform that can be used for legitimate use cases, such as donating to causes that are politically contentious. Buterin, for one, admitted that he has used the platform to donate to Ukraine, which has been needing aid from the international community due to its present geopolitical conflict with Russia. I'll out myself as someone who has used TC to donate to this exact cause. — vitalik.eth (@VitalikButerin) August 9, 2022 Donations in solidarity with Ukraine's predicament have poured in from around the world, and the concern with regards to the privacy measures in place for doing so have abound since then. Crypto mixing platform Tornado Cash has been identified as one of the key services used for this purpose. In recent weeks, the U.S. Department of Justice (DoJ) has been scrutinizing crypto mixer services such as Tornado Cash for possible links to criminal activity, leading to the U.S. Treasury instituting a ban for alleged laundering of "proceeds of cybercrimes," among other reasons. The U.S. Treasury's Office of Foreign Assets Control (OFAC) has placed Tornado Cash on its sanctions list, meaning that any crypto addresses associated with the platform are now blocked from receiving crypto from U.S.-based wallet services or exchanges. The OFAC has also warned that Americans who transact with sanctioned entities could face civil or criminal penalties. Despite this, Buterin argued that crypto mixers like Tornado Cash can still be used for legitimate purpose. This move by the U.S. government is seen by the crypto community as yet another attack on crypto privacy and consumer privacy rights in general, with some even going so far as to call it a declaration of war against crypto users who value their privacy rights. "Wanting to donate to Ukraine is a great example of a valid need for financial privacy. On this note, curious if there are documented examples of TC having been used for this," shares Jeff Coleman, co-founder of Counterfactual. As a smart contract mixer built on Ethereum, Tornado Cash was built with privacy and security as its first principles, with its code fully open sourced and community-controlled. No single entity can manipulate the platform and decide on its evolution. The Tornado Cash platform relies solely on a decentralized decision process to forward upgrades to its protocol, ensuring that the protocol lives on without interference from bad actors. According to the U.S. Treasury alleges that the platform “has been used to launder more than $7 billion worth of virtual currency since its creation in 2019,” including some $455 million stolen by the infamous Lazarus Group, a group of threat actors involved in recent DeFi heists. Sources from the U.S. state intelligence service also point to the DPRK (Democratic People's Republic of Korea) as the state sponsoring this said group. Tornado Cash has disclosed that its operations have also been affected since the ban, despite the sanctions only going for the U.S. jurisdiction. According to its co-founder, Roman Semenov, his GitHub account has been suspended, with resources for the platform also being suspended. This includes the platform's smart contract addresses linked to Circle (for stablecoins) and for the Infura RPC (for its Web3 gateways). These sanctions have sent shockwaves across the industry, prompting discussion among policy and lobbying groups. Jerry Brito, executive director at Coin Center, says that the sanctions were implemented on a tool that was designed to be neutral in character. Coin Center is a non-profit that works for the benefit of pushing policy issues in the crypto sector. Blockchain Association's Head of Policy, Jake Chervinsky, opined that despite their association's support for the U.S. Treasury's rationale for the sanctions, they reserve some concern over the fact that the ban "crosses a line that the US government has always respected [and] should continue to uphold as a matter of good policy." According to Chervinsky, the decision "to sanction a decentralized protocol, threatens that smart [and] balanced approach to crypto," referring to the Treasury's previous decisions which have largely been supportive of the crypto sector. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
15h agocointelegraph
Bitcoin price sees $24K, Ethereum hits 2-month high as US inflation shrinks
Lower than expected inflation data sparks an instant rally in crypto, while the U.S. dollar pays the price.
16h agonulltx
Crypto Market Update for August 10th – Bitcoin and Ethereum Prices Hold Support, Coinbase Q2 Earnings Report Reveals $1.1B in Losses
Cryptocurrency markets are showing signs of life this Wednesday as Bitcoin and Ethereum manage to hold support and register single-digit percent gains. Bitcoin is trading at $24.1k, and Ethereum is up at the $1.8k level, approaching 50% of BTC’s market capitalization. Today’s big news is Coinbase’s Q2 earnings report which revealed the company lost over […] The post Crypto Market Update for August 10th – Bitcoin and Ethereum Prices Hold Support, Coinbase Q2 Earnings Report Reveals $1.1B in Losses appeared first on NullTX.
16h agocoindesk
Crypto Exchange Coinbase Stock Is Not Out of the Woods as Market Uncertainty Hovers
Wall Street lacks conviction on whether or not Q2 was the bottom for Coinbase.
16h agocryptodaily
Is Play-To-Earn Dead?
With around $300 Billion floating in the market, gaming stands as one of the most significant industries and with GameFi averaging $175M, lots of potential for expansion! The rise and fall of notable titles like Axie and more have resulted in the emergence of dominant ‘play-to-earn’ and ‘play-and-earn’ models. But with the emergence of dilemmas, which of them is better? Which of them is sustainable? Feasible? Or even valid anymore? Most play-to-earn games known so far revolve around the idea of players grinding with repetitive actions to make profits, something that doesn’t portray the essence of fun and entertainment, the core values of a gamer. Play-and-earn, on the other hand, accentuates more engaging and entertaining games as in-game time is monetised. Gamers can also have a real-life impact on character development and more by implementing DAOs. Some examples of P2E or P&E - and how it doesn’t focus on the actual gameplay, value add or anything like that, but rather just hours of grinding for little money with no good game experience. The Pains and Problems Beyond prepositions and conjunctions, the paradigm explains not just the semantics but also the business models and core values behind the famous terms. GameFi at the moment is not designed for gamers - which is the underlying problem, and no systems can host a genuine grade AAA on the blockchain. Being nothing more than a “gig” or a “nuisance” to earn some extra cash is not the narrative GameFi would like to see itself in. Traditional games offer stimulated economies for players driven by stories and characteristics controlled by the publishers. These games do not provide a market to trade or liquidate assets within the said economies, while the Play-to-Earn titles lack the elements that would make them fun, engaging and compelling. The two sides to a coin can identify both sectors with a set of drawbacks and improvement areas. “There is no ownership if you can’t sell it - and it’s not worth owning if it isn’t appealing enough, and that’s a pressing issue. Bridging the gaps between Web2 and Web3 primarily comes from asset ownership, mechanics and usability”, says Adria Mir, Gaming & Blockchain Expert at G4AL and Elemental Raiders. Traditional ‘free-to-play’ or ‘pay-to-play’ models only provide entertainment and experience out of the games or assets purchased and consider the investment a sunk cost. Because of the centralised nature of traditional games, the assets can be changed or taken away anytime by the operator or game publisher. In a worst-case scenario, if the publishers or studios go out of business, players can lose all their assets before getting the entertainment value out of it. The most recent example was Telltale Games’ shutdown which left The Walking Dead’s final season incomplete. Web3 or ‘play-to-earn’ games, on the other hand, do provide the ownership as opposed to traditional games, with no threat of players losing their assets even if publishers go out of business. However, given recent history, it is easy to imagine the extreme inflation and fleeting deflation of play-to-earn or play-and-earn games when the core value of gamers and their communities are taken out of the equation. Where Does the Future Lie? With all that in hand, are play-to-earn, play-and-earn and most other models dead? There is a need for a model that focuses on the best of both worlds. Many Web3 scholars accelerate different terms daily, but one has been prominent and has had a substantial impact. ‘Play-to-Own’ focuses on decentralisation, control and ownership first and foremost, which is one of the essential factors and foundations of blockchain and web3. But is that enough to convince the hardcore fans of Elden Rings, Call of Dutys’ and Web2 gamers alike? You’re right! - Probably not! Said differently, the “ownership revolution” stays at the heart of what GameFi and the so-called ‘AAA blockchain games’ are trying to achieve, but so should the increasing need to host and build a game that serves the mechanics, gameplay and UI/UX of a console-quality title. It raises the question of platforms built on blockchain being capable enough to host a game of that stature, Former First VP of King Studios thinks yes: “We’re building G4AL as a game studio to host the quality of games that first and foremost suits what Web2 gamers are used to, giving ownership to what they play, low entry barriers, and the ability and a monetary exit button which allows them to ‘play-to-own’ or ‘play-and-earn’.” Play-to-Own has the potential to be applied to any game, may they be Web2 or Web3, which in turn can increase the customer lifetime values, engagement ratios and retention rates. Instead of forcing users to buy-in set NFTs or assets to the game, it can potentially open up a plethora of in-game revenue streams. Creating higher value in games that allow ownership and low entry risk can enable players to choose these games over traditional models or P2E models as they get both ownership and security as well as long-term retention. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
17h agocryptodaily
Fetch.Ai CEO Humayun Sheikh discusses Web3, Blockchain AI & ML
In this article, we are interviewing Humayun Sheikh, CEO and Co-Founder of Fetch-ai Network about how AI/ML technology can leverage blockchain, Fetch-ai Network's ecosystem, and the role of AI in the Web 3.0 revolution. Hello Humayun! Thank you for participating in this interview. Could you introduce yourself to our readers? I am an entrepreneur, investor and a tech visionary, who is passionate about technologies such as AI, machine learning, autonomous agents, and blockchains. I was a founding investor in DeepMind where I supported commercialisation for early-stage AI & deep neural network technology. DeepMind was ultimately acquired by Google for $650m in 2014. In 2017, I saw the opportunity at the intersection of blockchain, AI, and autonomous agents that. This is my fourth major venture. At Fetch.ai we are building the world's first peer-to-peer connectivity platform that aims to bring autonomous agents and AI capabilities - Open CoLearn, Axim and Dabbaflow products, on our blockchain based ledger - Fetch-ai Network How did you come up with the idea of merging AI/ML with blockchain technology? Blockchain brings the tenets of immutability, resiliency and decentralization. Once code in the form of smart contracts was able to use these tenets, it was logical for us to start building multi-stakeholder agent-based automation and AI/ML capabilities that are the cornerstone of the Fetch technology. We see the opportunity for our technology to leverage blockchain, cryptography and privacy-preserving primitives to solve complex coordination problems in a truly peer-to-peer fashion that will be devoid of centralized rent-seeking that is plaguing Web 2.0. What kind of applications do you foresee using Fetch-ai Network's ecosystem? The crypto asset market is relatively young when compared to assets in the traditional financial system. This is reflected in the relative lack of liquidity for the crypto assets when compared to the traditional assets, which took multiple decades to develop and get to the current levels of liquidity. Therefore, in the near term, it is fair to expect Decentralized Finance (DeFi) based applications to lead the charge as the primary use case for blockchains and crypto. We also expect DeFi to progressively bring new users in the blockchain and crypto fold. Particularly, we see an opportunity for apps offering real-world asset-backed stablecoin loans. Beyond DeFi there are opportunities in other consumer-facing apps such as decentralized delivery networks, Move2Earn apps, decentralized and privacy-preserving file-sharing, and other apps that will unlock truly peer-to-peer gig economies. MEXC and Bybit recently announced a $150M Fetch-ai Network Development Fund. Can you tell our readers about this Fund? The development fund is aimed at growing the Fetch-ai Network ecosystem by sponsoring DApps that will leverage the various tools for building decentralized applications that would increase the utility of the network. The development fund would be particularly interested in DApps that can not only serve a specific domain but can also become a building block for other DApps to have a multiplier effect on increasing the utility of the Fetch-ai Network. Can you shed some light on how you see the role of AI and Fetch-ai Network in Web 3.0? Web 3.0 is aiming to harness the true power of the interconnected web of computers to enable true peer-to-peer digital economies. There will however be a transitional phase where the w2.0 will embrace w3.0 ie W2.5.At Fetch-ai Network, we see our role as the infrastructure provider that leverages technologies such as blockchain, multi-agent frameworks, and AI to accelerate development and deployment of such peer-to-peer applications. We believe that our Fetch-ai blockchain network and automation using our Autonomous Economic Agents (AEAs) which can also be leveraged for off-chain interactions (not using the blockchain) will provide highly actionable datasets that can be leveraged by our AI tools to create more advanced peer-to-peer applications. How is Fetch-ai Network ready for the Web 3.0 revolution? We have our own Fetch-ai blockchain network that is based on the modular Cosmos SDK technology. DApp builders can write more secure Cosmwasm-based smart contracts in the Rust programming language. Our network is a Proof of Stake blockchain that has low transaction fees, instant transaction finality and is more environmentally sustainable than a first-generation Proof of Work blockchain such as Bitcoin. Our network also communicates with the other networks in the Cosmos ecosystem using the Inter Blockchain Communication (IBC) protocol. And soon it will be able to communicate with other popular ecosystems such as Ethereum, Polygon, Solana, Avalanche, and Polkadot. Besides our network, our key differentiators are our Autonomous Economic Agents (AEAs) that can not only help with automation but also enable peer-to-peer off-chain communication. Fetch-ai Network’s products such as Open CoLearn, Axim and Dabbaflow provide privacy-preserving decentralized federated learning capabilities to all DApps on the Fetch-ai Network. Can you share some insight into the unique ecosystem around the FET token? The FET token forms the backbone of the Fetch-ai Network and will be the fuel to power all applications being deployed on Fetch-ai Network. I would like to highlight some key Fetch-ai Network ecosystem projects: Open CoLearn a decentralized federated learning network, Dabbaflow a decentralized privacy-preserving file-sharing application, Fetch.ai app for unlocking peer-to-peer digital economies, Mobix a Move2Earn app, Resonate Social an AI-powered social media app, BotSwap a DeFi automation app, and Mettalex a decentralized commodities derivatives exchange. Beyond this, we are also collaborating with many large enterprises on multi-stakeholder and multi-year projects that will leverage many of our technology components. We also have many new exciting applications that are going to launch in the next few months. What are your top priorities for the quarter, for the year? Our priority this year is to underline all our tooling to the community of builders. We want to make it easy for them to create their DApps, so they can focus on solving their real-world use cases. We also want to focus on building end-user products that will lower the barrier for non-crypto natives to use our technology. In the coming months, we will also start enabling our technologies within our Fetch-ai Network Wallet. We see the wallet in the same vein for Web 3.0 as the browser is for Web 2.0 and as an important tool to attract new entrants in the space. It was great to talk with you and hear your insights! Thank you so much! Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
17h agocryptodaily
Blockchain Network Platform Capabilities for Businesses, Applications and Enterprises
Enterprise-grade blockchain networks were born out of a necessity to provide solutions to the numerous challenges facing both consumers and enterprises amid a rapidly changing technological landscape. The rate of growth in the FinTech space has the dangerous potential to leave projects behind if they don’t keep pace with innovation, and that’s why developers are busy anticipating future developments, and implementing solutions to their problems in the here and now. Building the Future of Web3 Smart-contract usage revolutionized the blockchain space, and introduced us to the concept of DeFi and GameFi, but the utility of smart-contract transactions may soon be past its peak. Some projects are building a comprehensive, service-oriented architecture that allows network users to interact and transact directly. By building second-level protocols atop dedicated enterprise services like these can allow projects to side-step the common reliance on smart-contracts thanks to built-in payment systems and private shard chains. These services deliver all the features and functionality that users expect from a public blockchain network while cutting down on smart contract usage by around 90%, and retaining the security and privacy of enterprise-specific infrastructure. This results in cheaper transactions for users, and a greatly simplified development path for developers. What’s more, by removing the reliance on smart contracts, such services effectively cut out a major attack-vector which has plagued numerous popular blockchains to date. Blockchain-in-a-box solutions give enterprises a plug-and-play entry to the blockchain space - one prepared to handle applications spanning the finance, gaming, and information technology industries, and more. Thanks to the use of quantum-secure cryptography tools, enterprises get the assurance they need to launch long-lasting projects which stand the test of time.Simplicity and Composability Simplicity is key to onboarding new users and enterprises to a technology that has the potential to revolutionize a plethora of industries. In search of simplicity, many projects are foregoing complex network infrastructures and programming languages in favor of building from the ground up using common code like C, without any reliance on third-party protocols or services. Low-level architecture makes blockchain easy for other operating systems to interact with. One can easily envisage such networks being used in tandem with the simplest of consumer hardware - smart fridges, for example - because the technology is built on simple foundational principles and code. Software Development Kits (SDK) like the Cellframe SDK allows developers to build applications dedicated to a range of emerging industries - not least the gaming industry. Developers can use SDKs to easily create fair game worlds that encompass PvP (Player vs Player) and PvE (Player vs Environment) game modes, while ensuring that cheaters are exposed and removed from the network thanks to in-built security measures. Ultimately, Cellframe enables the construction of safe, secure, lightning speed blockchain networks that support the creation of distributed networks like VPN, CDN, cloud computing and video streaming platforms. Whereas most blockchain protocols which rely on a network of nodes to upload external data to the blockchain, Cellframe requires no such external or third-party service. Interoperability and Gaming Future-proofing technology involves helping projects build as close to the hardware layer as possible, removing all that is unnecessary, and simplifying the process for the end user. Since Cellframe acts as a zero-layer protocol made with compatibility and interoperability as prime objectives, Cellframe will eventually have full compatibility with WASM (Web Assembly) and EVM (Ethereum Virtual Machines), creating true interoperability between Cellframe and a range of internet and blockchain apps, services and networks. This will prove particularly relevant to the GameFi (gaming finance) space, as the end user will be able to traverse various disparate gaming worlds without having to create new sign-ups for each one. Bespoke governance solutions also make Cellframe ready for enterprise adoption, as it sidesteps many of the problems commonly encountered by blockchain projects. The Cellframe token (CELL) is emitted based on the votes of its community of DAO participants, meaning the community gets to decide on the most appropriate issuance rate for CELL. This means the protocol can’t be changed on a whim by developers. Furthermore, truly decentralized dApps (known as t-dApps) don’t allow for a single address to be in control of large CELL holdings at any one time. Rather, wealth is distributed among network participants to ensure network security, while removing any potential single points of failure. Enterprise tools are not lacking in the blockchain space; they are just waiting to be applied creatively. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Crypto Daily - Crypto And Financial News 10/08/2022 Crypto Contagion Spreads To Hodlnaut
In Todays Headline TV CryptoDaily News: Renewable energy company closes $4.3M capital round. Vespene Energy, a Berkeley, California-based company that converts methane gas released from landfills into power for bitcoin mining, closed a $4.3 million funding round led by blockchain investment firm Polychain Capital and other climate-focused funds. Crypto hit by new security woes in incident at DeFi protocol. Cryptocurrency exchange Curve Finance appeared to have been buffeted by a security incident, adding to a litany of recent breaches afflicting the digital-token sector. Crypto lender Hodlnaut follows other firms in freezing withdrawals. Cryptocurrency lender Hodlnaut is the latest firm to succumb to tumultuous market conditions and halt withdrawals. In a post on its website, the Singapore-based company announced that it’s freezing withdrawals, token swaps, and deposits due to an uncertain economy that some say triggered a “crypto winter.” BTC/USD dove 3.2% in the last session. The Bitcoin-Dollar pair plummeted 3.2% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 226751 and resistance at 247951. The Ultimate Oscillator is giving a negative signal. ETH/USD plummeted 4.9% in the last session. The Ethereum-Dollar pair plummeted 4.9% in the last session. The Stochastic indicator is giving a negative signal. Support is at 1643.751 and resistance at 1880.471. The Stochastic indicator is currently in negative territory. XRP/USD plummeted 3.7% in the last session. The Ripple-Dollar pair plummeted 3.7% in the last session. The MACD is giving a negative signal. Support is at 0.3651 and resistance at 0.3914. The MACD is giving a negative signal. LTC/USD dove 5.8% in the last session. The Litecoin-Dollar pair dove 5.8% in the last session. The Williams indicator's negative signal is in line with the overall technical analysis. Support is at 59.2367 and resistance at 65.7767. The Williams indicator is currently in the negative zone. Daily Economic Calendar: UK RICS Housing Price Balance The RICS Housing Price Balance survey presents housing costs. It shows the strength of the housing market. The UK's RICS Housing Price Balance will be released at 23:01 GMT, the US MBA Mortgage Applications at 11:00 GMT, Germany's Consumer Price Index at 06:00 GMT. US MBA Mortgage Applications The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. DE Consumer Price Index The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services. US Monthly Budget Statement The Monthly Budget Statement summarizes the financial activities of federal entities, disbursing officers, and Federal Reserve banks. The US Monthly Budget Statement will be released at 18:00 GMT, Finland's Industrial Output at 05:00 GMT, the US Consumer Price Index at 12:30 GMT. FI Industrial Output The Industrial Output shows the volume of production of industries, i.e., factories and manufacturing. US Consumer Price Index The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Ethereum

The live price of Ethereum (ETH) today is 1,668.93 USD, and with the current circulating supply of Ethereum at 121,794,821.06 ETH, its market capitalization stands at 203,266,735,455 USD. In the last 24 hours ETH price has moved -47.52 USD or -0.03% while 5,988,161,500 USD worth of ETH has been traded on various exchanges. The current valuation of ETH puts it at #2 in cryptocurrency rankings based on market capitalization.

Learn more about the Ethereum blockchain network and how it works or follow the price of its native cryptocurrency ETH and the broader market with our unique COIN360 cryptocurrency heatmap.

Ethereum is by far the most popular blockchain network after Bitcoin and hosts the majority of apps critical to the cryptocurrency ecosystem today. These include decentralized exchanges (DEXs), decentralized finance protocols (DeFi), non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and a variety of popular tokens, such as UNI, SHIB, ENS, and its own native cryptocurrency, ETH.

While the Russian-born Canadian programmer Vitalik Buterin is often cited as the founder of Ethereum and was termed “the prince of crypto” when he made the cover of TIME, he is one of eight co-founders who worked on Ethereum in 2014. The other names include Anthony Di Iorio, Amir Chetrit, Jeffrey Wilcke, Mihai Alisie, Joeseph Lubin, Gavin Wood and Charles Hoskinson.

Vitalik Buterin is, however, the one who conceived the network when he published the Ethereum whitepaper in 2014. The whitepaper described Ethereum as “A Next-Generation Smart Contract and Decentralized Application Platform” and envisioned a blockchain with a built-in programming language, allowing anyone to code self-executing applications using smart contracts.

Despite its share of controversies, Ether or ETH, the native asset of the Ethereum blockchain, has managed to grow into the second-largest cryptocurrency in terms of market capitalization and is effectively the backbone of the infrastructure that powers Web 3.0 experiences.

Out of the early co-founders, only Vitalik Buterin is still actively working on Ethereum. Others have either left to explore other spaces or start their own crypto and blockchain projects, such as Joseph Lubin, the founder of ConsenSys, Gavin Wood, the founder of Polkadot (DOT) and Charles Hoskinson, the founder of Cardano (ADA).

ETH price

Like BTC, the price of ETH has also increased significantly with adoption and popularity. Compared to ETH’s ICO price of around $0.31, the $1,400 high it reached at the start of 2018 marked a gain of over 457,000%.

Even between 2017 and 2018, Ethereum price in USD rose over 18,000% according to our live ETH price chart, and while the second-largest cryptocurrency by market capitalization dropped into the $80s twice after that, it set a new all-time high of over $4,800 in November 2021.

Looking at ETH price in BTC terms, the ETH/BTC pair peaked at over 0.11 in mid-2017 and we are yet to see that all-time high challenged.

Some of the key drivers for Ethereum price action remain scalability breakthroughs and the upcoming ETH 2.0 upgrade. On the flip side, any regulatory actions against DeFi, NFTs, or other Web 3.0 services/solutions could impact the price of ETH since the majority of recent growth by the network can be attributed to such protocols.

How Ethereum works

Ethereum, the blockchain, works much like Bitcoin, and miners commit computing power in exchange for potential block rewards. The major difference, however, is that Ethereum acts as a blockchain computer, allowing developers to use the built-in language — Solidity — to write code or sets of instructions that can be executed autonomously if certain conditions are met.

An example of this is a smart contract that is designed to issue randomized non-fungible tokens to any address that sends a request until a limit is reached. This is typically how NFT mints work, where users send mint requests to a smart contract that executes on a first-come, first-served basis.

Similarly, smart contracts can be designed for a variety of different tasks, ranging from holding tokens and distributing them based on certain conditions, or functioning like a singular system serving a complicated solution, such as that of a decentralized exchange like Uniswap.

While its flexibility makes it popular for decentralized applications, its scalability issues mean that transactions become more and more expensive as network usage grows.

Each transaction on the network is fueled by ETH and users have to pay “Gas” based on how computationally intense their transactions are. Gas fees vary between times of the day, and days of the week, and can get prohibitively expensive during periods of high network activity, such as when a popular NFT collection is being minted by tens of thousands of people at a time.

The Ethereum blockchain also supports a variety of token types, for example, ERC-20, ERC-721 and ERC-1155, that can be issued via smart contracts. These tokens utilize the underlying security of the Ethereum blockchain and often serve utility-based functions inside their respective protocols. Examples of such tokens include UNI, ENS, USDT and more.

ETH news, updates and highlights

ETH is nearly always in the news due to its popularity and widespread usage. However, looking back at its history, one of the most important events was the DAO hack. In 2016, a decentralized autonomous organization or collective was formed, allowing token holders of the DAO to benefit from the organization’s investment activities. The idea was a success, bringing in more than $150 million from backers.

However, a security loophole in the DAO’s smart contract allowed a hacker to start draining it of funds. This exploit posed a real threat to the nascent network and divided the community when it came to picking a solution. One group supported forking the blockchain and restoring the pre-hack state while another group advocated blockchain immutability and the “code is law” principle.

The Ethereum or ETH we know today is the forked version that restored the pre-hack state of the blockchain so that investors in the DAO would not lose their funds. The chain that continued ahead despite the hack became Ethereum Classic with the native token ETC.

Since then, however, the forked chain, Ethereum, has grown massively while Ethereum Classic has been mired by security issues and attacks, and has much less adoption and usage. Similarly, the price of ETH has overtaken the price of ETC by a huge margin.

One of the catalysts for the price of ETH in 2021 was the London Hard Fork, or Ethereum Improvement Proposal 1559 (EIP-1559), which introduced a burning mechanism for a portion of all transaction fees on the network. This resulted, theoretically, in a deflationary element being added to ETH’s supply. By the end of Q1 2022, more than 2 million ETH had been burned after this update, valued at over $6 billion.

The next big catalyst for the price of ETH is likely to the upcoming ETH 2.0 upgrade, which will also move the Ethereum network from the current, proof-of-work consensus mechanism to proof-of-stake. Meanwhile, Ethereum Classic is likely to remain on the proof-of-work model.

Frequently asked questions about ETH

  • Can you mine or stake ETH?

Yes, you can mine ETH, like BTC, before the ETH 2.0 upgrade goes live. After that, Ethereum will shift to proof-of-stake, where validators stake their assets instead of committing computing power.

  • What are some of the best ETH wallets?

ETH has a wide ecosystem of wallets and services, but the most popular wallet, by far, is MetaMask, developed by ConsenSys, a company founded by Ethereum co-founder Joseph Lubin.

  • What can you do with ETH?

ETH is primarily used to pay for transactions on the Ethereum network. However, you can also trade ETH for several popular cryptocurrencies or stake ETH in various protocols to earn yield. Users can also move ETH across chains using bridges or wrap ETH into WETH for seamless swapping with other ERC-20 tokens.

  • How to buy ETH?

You can buy ETH on nearly any crypto exchange and platform today, using cryptocurrencies or traditional payment methods.

Ethereum Price1,668.93 USD
Market Rank#2
Market Cap203,266,735,455 USD
24h Volume8,664,053,064 USD
Circulating Supply121,794,821.06 ETH
Max SupplyNo Data
Yesterday's Market Cap198,810,750,000 USD
Yesterday's Open / Close1,679.95 USD / 1,632.43 USD
Yesterday's High / Low1,701.78 USD / 1,611.58 USD
Yesterday's Change
-0.03% ( 47.52 USD )
Yesterday's Volume5,988,161,500 USD
Mining Info
Hashing algorithmEthash
Pools (known)72
Pools Hashrate940.67 TH/s
Network Hashrate901.87 TH/s
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