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Ethereum price, market cap on Coin360 heatmap

Ethereum(ETH)

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$1,255.46
(-2.99%)
0.07389902 BTC
Market Cap (Rank#2)
$153,634,887,568
9,043,273 BTC
Vol 24h
$2,930,479,993
172,494 BTC
Circulating Supply
122,373,866.22
Max Supply
?
1h agocryptodaily
Web3 Aims To Foster Creator-Fan Economies Driven By Real Value
Sparked by millions of content creators and their legions of fans, the Web2 ecosystem laid the foundation for a creator-focused economy. As smartphone penetration continued to rise and the internet became easily accessible to billions of users across the globe, this fledgling ecosystem of creators has positioned itself at the epicenter of Web2. However, Web2, due to its overly centralized nature, hasn’t been able to deliver on its promises of a creator-focused ecosystem fully. As of now, dominant Web2 platforms like YouTube, Facebook, Twitter, TikTok, and dozens more effectively control both user-generated content (UGC) and the means of monetization. Web2 Platforms Don’t Really Care About Creators and Fans The hype centered around the creator economy has gradually eroded across the Web2 spectrum, primarily because of the shortcomings of the Web2 model. Historically, most Web2 platforms have forever opted for a more “hands-off” approach toward creator monetization. Creators spend thousands of hours and put in unlimited efforts to create content that they use to build an audience. Unfortunately, existing content-sharing platforms offer little to no support for creators who wish to monetize their content. A few scenarios, such as YouTube’s ad revenue program or TikTok’s billion-dollar creator fund, are exceptions, but they, too, come with several caveats. Meanwhile, mainstream platforms like Instagram, Facebook, and Twitter have forever ignored opportunities to facilitate transactions between creators and their audiences or between creators and brands. The problem here is that most platforms either want to be directly involved in the process, meaning they want to control the entire monetization spectrum, or they want to create models where content creators become fully dependent on their Web2 gatekeepers. For now, content creators only have a handful of options to monetize their content. One option is to strike brand deals and sponsorships. Another potential option is to embed third-party solutions (external links) like Patreon to raise funds. Most social platforms don’t encourage embedding third-party links and sometimes even block such accounts or restrict the reach of their content. This leaves the majority of content creators at the mercy of the platform itself. For example, YouTube content creators have become overly dependent on the platform’s ad revenue model. After all the work and meeting stringent qualifications, creators only receive roughly 45% of the ad revenue. While this sounds enticing, it also means that YouTube essentially controls the content. If content doesn’t meet community standards defined by a handful of executives, creators can be demonetized or lose their channels. And in this tug-of-war between content creators and content-sharing platforms, the fans are generally overlooked. These fans who spend countless hours across platforms, consuming content from their favorite creators, receive nothing in return. Shifting The Web2 Paradigm With Novel Incentivization Models This is where Web3 initiatives come to the rescue. Driven by new-age technologies like blockchain, digital currencies, and NFTs, these platforms are gradually transforming the Web2 approach by granting more power, control, and ownership to both content creators and fans. These initiatives aim to remove centralized authorities and intermediaries from the process, thereby unlocking novel monetization models for creators and their fans. Take, for instance, the community-first approach of Snapmuse. As a full-fledged Web3 ecosystem, Snapmuse overcomes the shortcomings of Web2 platforms by empowering content creators and fans to build (and foster) communities supported by genuine value. The platform takes an uncanny approach towards monetization by allowing content creators to mint NFTs of their content and embed a portion of their ad revenue in these NFTs. This approach works in favor of both content creators and their fans. On the one hand, fans can purchase the NFTs from their favorite content creators, which allows the content creators to unlock an additional revenue stream. This means that creators no longer have to depend on one single monetization source but can instead generate passive revenue streams by both direct NFT sales and subsequent sales across secondary marketplaces. Simultaneously, this approach unlocks potential revenue streams for fans. In the Web2 model, content consumers are largely overlooked. Via Snapmuse’s Web3 model, fans gain their fair share of passive income by supporting content creators they like. Every time a fan purchases an NFT, they unlock a share of the creator’s ad revenue directly embedded in the NFTs. This means fans receive a share of the creator’s ad revenue as well. Snapmuse’s approach lays the foundation for redefining Web2 standards by allowing creators and fans to come together and forge communities driven that are value-added while also revolutionizing the social media experience for millions of creators and fans. 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
3h agocryptodaily
Orthogonal Trading Gets Default Notice for $36M Debt
Orthogonal Trading has defaulted on eight loans worth around $36 million on DeFi lending protocol Maple Finance. The default has resulted in Maple Finance severing ties with Orthogonal Trading for misrepresenting its financial position. A $36 Million Default It has emerged that crypto firm Orthogonal Trading has defaulted on $36 million worth of loans taken on DeFi lending protocol Maple Finance. The default came after it was revealed that Orthogonal Trading’s funds had become tied up with bankrupt crypto exchange FTX. The default is considered significant, impacting 30% of all active loans on the lending protocol. As a result of the default, Maple Finance has severed all ties with Orthogonal Trading. Orthogonal Trading runs a credit business and a crypto hedge fund. According to the statement released by Maple Finance, it is removing the firm as a borrower on the Maple Finance platform, and also removing Orthogonal Credit as a delegate, and shutting down its lending pools. M11 Credit Issues Default Notice Orthogonal was due to repay a $10 million USDC stablecoin loan from a credit pool managed by M11 Credit. The company was a significant borrower on Maple Finance and also a manager and underwriter of a credit pool on the DeFi protocol. As a result of the default, M11 Credit issued a notice of default to Orthogonal for all of its outstanding loans on Maple’s USDC Stablecoin Pool. The majority of the defaults, amounting to around $31 million, are in the M11 USDC pool, run by M11 Credit. The default notice also covers Orthogonal’s wrapped ether (wETH) loans worth around $5 million. This loan is from another M11 Credit-managed lending facility on Maple. In a blog post, M11 stated that Orthogonal misstated their exposure to FTX. The post added, “We believe that Orthogonal Trading previously purposefully misstated their exposure and has therefore committed a serious breach of the Master Loan Agreement (MLA). Rather than cooperating with us and disclosing their exposure, they attempted to recover losses through further Trading, ultimately losing significant capital.” According to M11 Credit, Orthogonal only informed them on the 3rd of December that it had incurred larger than disclosed losses due to its exposure to FTX and, as a result, would not be able to repay its debt. “We are extremely shocked and disappointed by the actions of Orthogonal Trading. Purposefully misstating information during the numerous contacts we have had over the last weeks severely impacted our ability to manage our outstanding credit risk.” Maple Finance Severs Ties As a result of the default, Maple Finance decided to sever ties with Orthogonal, stating that the company had misrepresented its financial position. In a scathing statement, Maple stated that Orthogonal was “operating while effectively insolvent” and did not communicate to Credit M11 or Maple Finance that it would be unable to service the debt. The statement added, “It is now clear that they [Orthogonal Trading] have been operating while effectively insolvent, and it will not be possible for them to continue operating a trading business without outside investment. Misrepresentation like this is in violation of Maple’s agreements, and all appropriate legal avenues to recover funds will be pursued, including arbitration or litigation as necessary.” According to a Maple Finance spokesperson, the firm expects to recover at least $2.5 million, which will be used to cover the damage from the default. These funds will come from the pool cover and fees accrued by Orthogonal, which are still on the platform. M11 Credit is also considering legal action against Orthogonal, hoping to recover some of the funds. Maple Finance Founder Disappointed By Events Sid Powell, the founder of Maple Finance, revealed that he was shocked and disappointed by the incident. However, he also acknowledged the growing need for more stringent due diligence when it comes to undercollateralized lending. He added that the platform might look to introduce partially collateralized loans moving forward. Powell also assured users that the protocol locks pool funds in separate smart contracts and that the losses were limited only to the impacted pools. Funds in other pools remained safe, Powell stressed. 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
10h agocoindesk
Ether Turns Inflationary as Network Usage Slows
Ether's annualized inflation rate previously dropped below zero following the collapse of FTX-induced market volatility, which spurred a rise in Ethereum network usage. The positive inflation rate indicated ETH being minted outpaced being burned.
11h agocryptodaily
LandX Launches LNDX Token on Testnet
Duba, UAE, 6th December, 2022, ChainwireToday, LandX has deployed smart contracts for the final stage of the LandX testnet launch. The “Dress Rehearsal” testnet went live on Ethereum’s Goerli network. The testnet token launch will take place from the 7th December 2022 and will be conducted in four stages: Stage 1 - 7th Dec 2022 - LNDX Launch For Omega Farmers (Discord Group) Stage 2 - 10th Dec 2022 - LNDX Launch For Alpha Farmers (Discord Group) Stage 3 - 13th Dec 2022 - LNDX Launch For Whitelisted addresses Stage 4 - 16th Dec 2022 - LNDX Launch on Uniswap Decentralized Exchange Allocations are limited and will be made on a first come first serve basis. The final stage of the testnet will be very similar in functionality to the mainnet deployment. Following the testnet token launch, the trading competition will go live. From the 16th of December, investors will be able to compete for thousands of dollars in prizes. The top ten investors that gain the most from an ROI perspective will earn cash prizes (full terms to be confirmed at launch). To participate in the testnet users are welcome to use the testnet USDC faucet at https://landx.fi to get an allocation of USDC to trade and stake LandX testnet products. Note that testnet funds do not hold value and are used for testing purposes only. There are more detailed instructions on how to set up your digital asset wallet and interact with the token generation event on LandX blog at: https://blog.landx.fi/lndx-testnet-token-launch-484f630e432c The LandX team is grateful to the community for their support and feedback as the project moves into this final “dress rehearsal” stage before the mainnet launch. About LandX Finance LandX - The Perpetual Commodity Vaults Protocol will be launched on the Ethereum Blockchain. Commodity Vaults provide investors with a potentially inflation-hedged return backed by a legal contract secured on underlying farmland. LandX makes commodity vaults available as a liquid digital asset - xTokens, offering uncorrelated diversification for on-chain investors. LandX mainnet products are not available in certain jurisdictions, including the US. For more information about LandX visit https://linktr.ee/landxfinance or follow on Twitter https://twitter.com/landxfinanceContactLandX [email protected]
11h agocoindesk
DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens
Nexus Mutual, which offers an insurance alternative for decentralized finance traders, deposited some $19 million in ETH to Maple’s wrapped ether credit pool, which was rocked by Orthogonal Trading’s recent default.
14h agocoindesk
The Contagion Fever Breaks: NFTs Dominate Art Basel
The price of Ethereum is down nearly 65% since last year’s Miami Art Week. But this year’s global cultural phenomena saw an uptick in events, attendees and conversations around Web3 technologies and their roadmap to mass adoption.
14h agocoindesk
Bitcoin Miner Riot Switches Mining Pool After Falling Short in November
The miner used Braiins mining pool, which uses a payout method that caused the variance between Riot’s mining capacity and amount produced, according to a source
15h agocointelegraph
Price analysis 12/5: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Crypto markets appear to be losing some of their recent bullish momentum, but a favorable tailwind from equities markets could catalyze a breakout in Bitcoin and select altcoins.
16h agocoindesk
Bankman-Fried Is a ‘Master of Deflection,’ Securities Lawyer Says
James Murphy, founder of law firm Murphy & McGonigle, discusses the former FTX CEO’s attempt at side-stepping probing questions and whether lawmakers in the U.S. have enough evidence to move forward with a criminal trial.
18h agocointelegraph
Vitalik Buterin discusses his 'excitement' for the future of Ethereum
Buterin was specifically bullish on the rise of decentralized blockchain identities to enhance user privacy.
20h agocryptodaily
Tamadoge (TAMA), Shiba Inu (SHIB), and Cosmos (ATOM) Leave Holders Disappointed, While Massive 525% Price Spike Indicates Huge Interest in Orbeon Protocol (ORBN)
On-chain data shows that Tamadoge (TAMA), Shiba Inu (SHIB), and Cosmos (ATOM) holders are flocking to Orbeon Protocol (ORBN) by the masses. But why did this newcomer in the crypto space draw their attention? Moreso, why do analysts predict that ORBN, still in the second stage of its presale, will surge by over 6000% to $0.24 per coin before the end of the year? >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Tamadoge (TAMA) is Underperforming Although Tamadoge (TAMA) was supposed to be our gateway token to the Tameverse, where we should be able to mint, breed, and battle with our Tamadoge pets, Tamadoge is down over 90% from its all-time high and experts don&rsquo;t see the token recovering any time soon. In search for better yields, many Tamadoge investors have bought in the Orbeon Protocol presale. Tamadoge has therefore faced scrutiny from investors in face of its dropping value, with many suggesting that Tamadoge lacks any major utility outside of being a meme token. Shiba Inu (SHIB) Holders are Looking for Better Gains Shiba Inu (SHIB) is just a meme coin and has no utility compared to Tamadoge and it seems like the glory days are over for Shiba Inu. Shiba Inu is in the same state as (TAMA) currently, being down over 90% from its ATH. Analysts expect that Shiba Inu (SHIB) might go 50x in the next bull run though, but until that time, crypto investors are searching for less speculative tokens, as Shiba Inu has been criticized as being primarily driven by hype instead of real utility. As such, Shiba Inu&rsquo;s current price rests at $0.000009, and more concerningly, Shiba Inu&rsquo;s 24 hour trading volume is down by over 25% at time of press. Cosmos (ATOM) - No Blockchain 3.0 After All? Dubbed Blockchain 3.0, Cosmos (ATOM) had the goal to connect multiple blockchains and allow for seamless interoperability. However, with many other cryptocurrency projects offering exactly the same function, such as Ethereum&rsquo;s ERC-20 and Binance&rsquo;s BEP20 for example, it doesn&rsquo;t really seem Cosmos (ATOM) is needed anyway. Investors are slowly getting hold of this, on-chain data shows Cosmos holders are slowly but steadily allocating their capital elsewhere. To make matters worse for Cosmos, its recent tokenomics proposal for Cosmos (ATOM) 2.0 was rejected. For many investors the failure of Cosmos&rsquo; proposal has come as a final nail in the coffin, as the Cosmos (ATOM) community voted against the new tokenomics framework put forward by Cosmos&rsquo; development team. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
20h agocointelegraph
How can UK-based businesses accept Bitcoin?
Through Bitcoin payment processors like BitPay, businesses in the UK can offer BTC as a payment method during checkout.
20h agocoindesk
Most Influential Artist: Federico Solmi
The Italian artist, a resident of New York City, created a 3D image of Vitalik Buterin and the Ethereum developers for their role orchestrating The Merge, the most consequential upgrade in blockchain history.
20h agocoindesk
Most Influential Artist: Federico Solmi
The Italian artist, a resident of New York City, created a 3D image of Vitalik Buterin and the Ethereum developers for their role orchestrating The Merge, the most consequential upgrade in blockchain history.
21h agocryptodaily
Sparklo (SPRK) Could Compete With Shiba Inu (SHIB) And Cardano (ADA)
Anyone who is looking for profitable cryptocurrency investments should take a look at new alternative investments. That&rsquo;s because cryptocurrency investments such as Cardano (ADA) and Shiba Inu (SHIB) are no longer delivering the best returns to investors. Among new investment opportunities available to investors, Sparklo is one showing a promising outcome. Cardano (ADA) Investors Not Happy With Current Trend Cardano (ADA) was among the top 10 most powerful crypto projects out there. The project came out as an Ethereum (ETH) killer. It was designed to help people overcome inefficiencies associated with Ethereum (ETH). Users enjoy the faster transaction speeds that Cardano (ADA) offers. However, Cardano (ADA) got halted in the bear market. Currently, the value of Cardano (ADA) is stuck in a downward trend. Due to the same reason, investors are looking forward to moving into alternative investments like Sparklo. Shiba Inu (SHIB) Shows Decreasing Trend Shiba Inu (SHIB) is another successful cryptocurrency, but it is going through a series of challenges. The meme coin was highly popular back in the year 2021. However, cryptocurrency whales who invested in Shiba Inu (SHIB) gave up their investments in the same year. Since then, the token value of Shiba Inu (SHIB) has continued to drop. Shiba Inu (SHIB) investors have lost their hopes, and they are now searching for more promising investments such as Sparklo. Sparklo (SPRK) Will Be An Excellent Alternative Investment Most investors are interested in investing in precious and rare metals such as gold, silver, and platinum bars. With this, Sparklo will create the first alternative-investment platform tailored for cryptocurrency investors interested in buying and trading fractionalized NFTs backed by silver, gold, and platinum. Stage 1 presale of Sparklo has only just launched with the current price only $0.013. This is expected to increase by 4,000% in the coming months. Anyone interested in getting hands on this innovative project should invest early to enjoy maximum gains. The team will lock liquidity for 100 years, while team tokens will also be locked. After much research we believe Sparklo will be a great investment for those buying in early. We recommend checking out Sparklo now. Find out more about the presale: Buy Presale: https://invest.sparklo.finance Website: https://sparklo.finance Twitter: https://twitter.com/sparklo_finance Telegram: https://t.me/sparklofinance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
21h agocryptodaily
CEO of LYOPAY Luiz Góes on the Cover of IB Magazine
Who is the Brazilian entrepreneur Luiz G&oacute;es Luiz G&oacute;es is a business executive with a specialization in process management, leadership, and business implementation. He has worked in fintech management and has promoted several digital business consultancies. He graduated with a bachelor's degree in military science from Academia Militar das Agulhas Negras in 2008, and holds an MBA in public management. He also holds a Medal of Military Merit for excellent services rendered to the Brazilian Army. In 2018, Luiz became a financial advisor for a fintech group in Dubai. In 2020, he founded LGbank, a cryptocurrency escrow platform. He developed and designed business tokenization projects with an emphasis on project implementation and profit-sharing, and based on crowdfunding models. In Brazil, he leads a group with 8,000 clients that participate in business under his recommendation. He has also provided consultancy for altcoins and token projects. Luiz G&oacute;es is the CEO of LYOPAY, a project in the fintech and cryptocurrency industry. What is LYOPAY Company LYOPAY is a brand of DIGILYO APP LTD, a company based in London, UK. There are other registered entities as it is a project that operates on a global scale, so as to be compliant with the regulations of each country. The LYOPAY vision is a world in which cryptocurrencies are used as our primary money. Today, to make purchases or transactions, especially for businesses, conversion into fiat currency is needed, making us reliant on traditional money. By removing this step, we will be able to use cryptocurrencies in our daily lives, both people and companies. To realize this vision, LYOPAY's mission is to create tools to use cryptocurrencies day by day. Products and services can be bought in crypto to make the most of our wallets. Services will allow businesses to accept crypto payments and pay their expenses with Bitcoin, Ethereum and other altcoins. "I see a world where crypto is everyone's medium of exchange. LYOPAY will take us to that brilliant future." &ndash;Luiz G&oacute;es (LYOPAY CEO) LYOPAY offers regulated and licensed crypto exchange products, focusing on the safety of their clients, and aiming to create a company to serve even future generations. A long-term reality, is to serve people's needs, and how their slogan says &ldquo;Powering People&rdquo;. Luiz is a crucial figure in the project as CEO and is admired by the LYOPAY community. We will follow the developments of this project. LYOPAY Wins Norns Award
21h agocryptopotato
The Fabricant Launches Wholeland: The Ultimate Web3 Fashion Experience
{PRESS RELEASE – Amsterdam, Netherlands, 5th December 2022] Pioneering startup The Fabricant has gone live with its boundary-pushing digital fashion storytelling project Wholeland, with a trailer that sets the scene for a provocative world that splices digital couture, mythology and the rave scene. The ambitious move is designed to raise the bar for the wider […]
21h agocryptosrus
Vitalik Buterin’s one-stop solution to survive in the crypto market is all you need to know
Vitalik Buterin prioritizes technology over price watching to have a long run in the crypto market Crypto market has lost at least $2.9 billion to crypto scams in 2022 The Ethereum [ETH] co-founder Vitalik Buterin advised weary crypto investors to focus on technology instead of price watching and trading. Buterin shared this advice with […] The post Vitalik Buterin’s one-stop solution to survive in the crypto market is all you need to know appeared first on CryptosRus.
22h agocoindesk
Left Behind by the Merge, but Still Fighting
The spectacular success of the Merge obscured the stories of those who were left behind, the Ethereum proof-of-work miners who lost their livelihoods. One miner is not letting the crypto community ignore them. That’s why Chandler Guo is one of CoinDesk’s Most Influential 2022.
22h agocoindesk
Miladys NFT Community Is the Counterculture to Cancel Culture
The uncanny, anime-inspired, profile pictures invite conversations about whether the sins of the creator are laid upon the creation. That’s why the Miladys NFT community is one of CoinDesk’s Most Influential 2022.
23h agocryptodaily
The Fabricant Launches Wholeland: The Ultimate Web3 Fashion Experience
Amsterdam, Netherlands, 5th December, 2022, ChainwirePioneering startup The Fabricant has gone live with its boundary-pushing digital fashion storytelling project Wholeland, with a trailer that sets the scene for a provocative world that splices digital couture, mythology and the rave scene. The ambitious move is designed to raise the bar for the wider digital fashion industry, and lead a shift in focus away from the bear market to building Web3 experiences that create long-term, high-value engagement. The OG digital fashion player is famous for its world-leading craftsmanship, gaining global prominence when it was founded as the world&rsquo;s first digital fashion house in 2018. It sold the first-ever digital garment on blockchain for 54 ETH in 2019 ($9,500 at the time). Notable collabs with physical brands such as Off-White, Adidas and World of Women contributed to it raising $14M in Series A funding in April this year. Wholeland is described as a digital fashion story and a visually rich journey of self-discovery that unfolds across 7 chapters. Each chapter includes digital couture, AR wearables, co-creation, fashion shows, metaverse meet-ups and airdrops. Access to Wholeland can only be gained through minting one of The Fabricant&rsquo;s pieces of AR facewear, called XXories, that act as a key to the wider experience. Anyone can apply to Join the waitlist to mint an XXorie through The Fabricant website. The WHOLELAND concept asks participants to fearlessly express all that they are through digital fashion, exploring parts of their identity that they might not share in the physical world. Digital fashion fans will see the story unfold as they journey through the different chapters, with the ability to take advantage of various benefits as they progress. Wholeland&rsquo;s opening chapter has multiple points of interaction for participants: The XXories, 7 pieces of bold digital facewear that elevate virtual self-expression, and act as a key to the experience The Kappers - headpieces that mix historic Dutch style with a contemporary clubland aesthetic ready for co-creation The Looks, Couture garments that invite fearless digital fashion expression Secret Drops and groundbreaking collabs with the hottest digital artists and innovative brands And ultimately, the Wholeland metaverse - an immersive digital fashion world of highly crafted visual storytelling It all starts with the mint of the XXories in February, so sign-up to the waitlist to get access to the most innovative fashion experience in Web3. About The Fabricant thefabricant.com | @thefabricant | @the_fab_ric_ant | discord.gg/thefabricant The Fabricant is a digital-only couture house that splices fashion with tech to redefine craftsmanship for the virtual space. It was founded in 2018 from a desire to sabotage the fashion world&rsquo;s cultural complacency and reimagine what fashion could be as an entirely non-physical experience. Through its co-creation platform, it is leading a digital fashion revolution that puts creators first and is committed to building a sustainable and equitable fashion industry where everybody thrives.ContactTheo LasserreThe [email protected]
1 day agocryptodaily
Galaxy Wins Auction To Acquire GK8, Crypto Daily TV 5/12/2022
In Todays Headline TV CryptoDaily News: Galaxy Digital wins auction to buy GK8 from Celsius. Mike Novogratz's cryptocurrency-focused financial-services firm Galaxy Digital has won an auction to buy self-custody platform GK8 from bankrupt crypto lender Celsius Network. Terms of the deal weren't disclosed, but Galaxy spokesman Michael Wursthorn said the price was materially less than what Celsius paid a year ago. Gemini trying to recover $900 million from crypto lender Genesis. The Financial Times reported that Crypto broker Genesis and its parent company Digital Currency Group owe customers of the Winklevoss twins' crypto exchange Gemini $900 million. Three Arrows Capital liquidators seize $35.6M from Singaporean banks. Liquidators for Three Arrows Capital have seized $35.6 million from the collapsed crypto hedge fund&rsquo;s bank accounts in Singapore, three months after getting the nod from that country&rsquo;s High Court to begin probing the firm's assets in the country. BTC/USD skyrocketed 1.3% in the last session. The Bitcoin-Dollar pair exploded 1.3% in the last session. The Stochastic indicator is giving a positive signal. Support is at 167001 and resistance at 172301. The Stochastic indicator is giving a positive signal. ETH/USD skyrocketed 2.8% in the last session. The Ethereum-Dollar pair rose 2.8% in the last session after gaining as much as 3.3% during the session. The Ultimate Oscillator gives a positive signal. Support is at 1195.5467 and resistance at 1325.0067. The Ultimate Oscillator is currently in the positive zone. XRP/USD gained 0.5% in the last session. The Ripple-Dollar pair rose 0.5% in the last session after gaining as much as 1.4% during the session. The ROC gives a positive signal. Support is at 0.3783 and resistance at 0.4014. The ROC gives a positive signal. LTC/USD rose 0.4% in the last session. The last session saw Litecoin gain 0.4% against the Dollar. The CCI is giving a negative signal. Support is at 74.0567 and resistance at 79.2367. The CCI is currently in negative territory. Daily Economic Calendar: US ISM Services PMI The ISM Services PMI shows the business conditions outside of the manufacturing sector, taking into account expectations for future production, new orders, inventories, employment, and deliveries. The US ISM Services PMI will be released at 15:00 GMT, the US Factory Orders at 15:00 GMT, and the Eurozone's Eurogroup Meeting at 00:00 GMT. US Factory Orders The Factory Orders measure the total orders of durable and non-durable goods, which can offer insight into inflation and growth in the manufacturing sector. EMU Eurogroup Meeting Eurogroup meetings are attended by the Eurogroup President, the Finance Minister of each Member State of the Euro area, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. EMU Retail Sales Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. The Eurozone's Retail Sales will be released at 10:00 GMT, Japan's Overall Household Spending at 23:30 GMT, and Japan's Jibun Bank Services PMI at 00:30 GMT. JP Overall Household Spending The Overall Household Spending is an indicator that measures the total expenditures of households. The level of spending can be used as an indicator of consumer optimism. JP Jibun Bank Services PMI The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions. 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.
1 day agocryptopotato
Vitalik Buterin Advises Focusing on The Tech to Avoid Crypto Weariness
Ethereum co-founder Vitalik Buterin has spoken out about the state of the crypto industry and how to avoid growing tired of it.
1 day agocointelegraph
Vitalik Buterin on the crypto blues: Focus on the tech, not the price
The Ethereum co-founder has recommended weary crypto investors to shift away from price watching and focus on the tech instead.

About Ethereum

The live price of Ethereum (ETH) today is 1,255.46 USD, and with the current circulating supply of Ethereum at 122,373,866.22 ETH, its market capitalization stands at 153,634,887,568 USD. In the last 24 hours ETH price has moved -19.6 USD or -0.02% while 3,352,320,000 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 Price1,255.46 USD
Market Rank#2
Market Cap153,634,887,568 USD
24h Volume2,930,479,993 USD
Circulating Supply122,373,866.22 ETH
Max SupplyNo Data
Yesterday's Market Cap154,056,360,000 USD
Yesterday's Open / Close1,278.50 USD / 1,258.90 USD
Yesterday's High / Low1,302.83 USD / 1,252.67 USD
Yesterday's Change
-0.02% ( 19.6 USD )
Yesterday's Volume3,352,320,000 USD
Mining Info
Hashing algorithmEthash
Pools (known)41
Pools Hashrate3.69 TH/s
Network Hashrate741.08 TH/s
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