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Tag: Ethereum

Ethereum drops to $2500, Spanish Taxi Company Accepts SHIB, Snoop Dogg NFT Collections Available on Cardano.
Cryptocurrency

Ethereum drops to $2500, Spanish Taxi Company Accepts SHIB, Snoop Dogg NFT Collections Available on Cardano.

Former BitMEX CEO Arthur Hayes expects  Ethereum, the second-biggest cryptocurrency on the market, to drop to $2,500 by the end of June. His prediction concerning Bitcoin: Hays says, it will drop to the $30000 level before the end of the third quarter. The former boss of BitMEX notes that BTC and ETH are high “highly correlated” to the Nasdaq-100 stock market index, and if tech stocks keep underperforming, crypto will decline as well. Read Also: DCG Raises The Investment Round From $700 Million To $10 Billion Shiba Inu bid event to unlock 36,431 pieces of land A Twitter user dedicated to the Shiba Inu community, @shibainuart, has recently shared that during the introductory phase for SHIB: The Metaverse, 36,431 plots of land will become unlocked while revealing por...
Breaking: Ethereum developer sentenced to 63months for helping North Korea evade sanctions.
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Breaking: Ethereum developer sentenced to 63months for helping North Korea evade sanctions.

Former Ethereum developer Virgil Griffith, who has admitted to aiding North Korea, has been sentenced in a New York courthouse to 63 months behind the bar. Also because of that, he has been slapped with a $100000 fine. As reported by U.Today, Griffith surprisingly pleaded guilty to one count of conspiracy to violate sanction laws last September. This came after his motion to dismiss was denied last January. The Ethereum developer was arrested by U.S. authorities in November 2019 after traveling to North Korea and delivering a presentation at a local cryptocurrency conference, which had government officials among its attendees. Griffith's speech was focused on how Kim Jong-un's regime could circumvent U.S. sanctions. His defense team unsuccessfully tried to argue that ...
Terra, Dogecoin, Cardano Log Double-Digit Losses as bitcoin and Ethereum slip below $40000 and $3000 respectively.
Cryptocurrency

Terra, Dogecoin, Cardano Log Double-Digit Losses as bitcoin and Ethereum slip below $40000 and $3000 respectively.

The cryptocurrency market is in the middle of yet another Bearish and another major sell-off.  Bitcoin, the largest cryptocurrency, has plunged below the $40,000 level for the first time since March 16.Ethereum, the second-largest cryptocurrency, is currently trading below the $3,000 level on the Coinbase exchange. Read Also: Bitcoin is a Super Strong Investment, Says Tennis Champion, Serena Williams. .blockspare-954909db-0e8b-4 .blockspare-block-container-wrapper{background-color:#f9f9f9;padding-top:20px;padding-right:0px;padding-bottom:20px;padding-left:0px;margin-top:30px;margin-right:0px;margin-bottom:30px;margin-left:0px;border-radius:null}.blockspare-954909db-0e8b-4 .blockspare-image-wrap{background-image:}   All of the top 100 biggest cryptocurrencies are c...
Billionaire Mark Cuban stated why the forthcoming Bullish on Ethereum.
Cryptocurrency

Billionaire Mark Cuban stated why the forthcoming Bullish on Ethereum.

Billionaire and crypto fan Mark Cuban has announced that he feels "very bullish" on the upcoming crucial Ethereum upgrade referred to as "Merge," according to a recent article by Fortune. Cuban believes the upgrade will be very important for ETH and he suggested two reasons for it, The "Merge" is expected this summer (although this has not been confirmed yet), and it will make the second biggest blockchain more green, as well as introduce changes to its infrastructure. https://twitter.com/FortuneMagazine/status/1511605345856233472 Two reasons why Cuban believes "Merge" to be important The billionaire and owner of the Dallas Mavericks team believe that the upcoming Ethereum upgrade is important for two reasons. The first is that...
Ethereum Miners made a total of $1.29 billion in March.
Cryptocurrency

Ethereum Miners made a total of $1.29 billion in March.

After a long time, the down-trending Ethereum block experiences an uptrend in revenues. New data shows that the Ethereum miners made a total of $1.29 billion in revenue in March. Though this is still nothing to compare to the one made in November last year. According to the block data, the Total monthly revenue made by Ethereum miners increased by roughly 7.2% from February to March 2022. Maybe, more importantly, this meant that they have managed to break a descending trend in November 2021. At that junction, the second largest blockchain operator made over $2billion in revenue, but the numbers started to come down in the following months. Nearly all of the 1.29 billion came from the block subsidy while less than $100 million were from the transaction fees which is a direct co...
Inverse Finance hacks result in a loss of $15.6 million.
Blockchain

Inverse Finance hacks result in a loss of $15.6 million.

The hacking incident happened yesterday 2nd April 2022 the inverse finance, an open-source protocol for lending and borrowing that runs on the Ethereum blockchain has been gotten to be $15.6 million. The team says the hack was not related to the smart contract. The attacker was able to inflate the price of the token by taking an advantage of an oracle manipulation bug, this allowed them to borrow millions in different tokens, including the Yearn.Finance(YFI)  and Bitcoin (wBTC) on its anchor money market. Etherscan print https://twitter.com/InverseFinance/status/1510282040809299972 Hackers' methodology Most of the funds have been laundered with the help of tornado cash, which makes it hard for the authorities to track down the ill tokens as the Hacker had already dep...
Ethereum DeFi protocol inverse Finance suffers an exploit.
Cryptocurrency

Ethereum DeFi protocol inverse Finance suffers an exploit.

Inverse finance is the latest protocol to suffer a multi-million dollar exploit. As we all know that the Ethereum DeFi ecosystem has suffered another big hack. Inverse finance, a stablecoin protocol that watches on the capital-efficient yield generation, was drained in an exploit this early Saturday( approximately $15 million worth of crypto lost during the incident.) This was made known to the community by PeckShield, one of the crypto industry's top security analytics companies some minutes after the incident. Read also: Vitalik Buterin Predicts Another Bear Market. Etherscan data shows that the hacker drained millions of dollars in YFI, WBTC, and Inverse’s own DOLA token from the protocol and then used decentralized exchanges such as Uniswap to trade the assets for Eth...
Being Bullish On Ether (ETH) Over The Past Four Months Did Not Pay Off As Its Price Dropped 44% From $4,600.
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Being Bullish On Ether (ETH) Over The Past Four Months Did Not Pay Off As Its Price Dropped 44% From $4,600.

Dealers who believe ETH will recover but are doubtful to surpass$,800 ahead of May can profit from the slanted iron condor strategy. Being bullish on Ether( ETH) over the once four months didn't pay off as its price dropped 44 from$,600. The decentralized finance( DeFi) operations growth that fueled the rally faded down, incompletely due to network traffic and average sale freights of$ 30 and advanced. The cool-off period can also be attributed to inordinate prospects as the figure burn medium enforced in August 2021 with the London hard chopstick. After drastically reducing the diurnal net allocation, investors jumped to the conclusion that Ether would come to an" ultrasound plutocrat." Unfortunately, history shows that" hard plutocrat" requires multiple decades of dependable financial p...
Vitalik Buterin Predicts Another Bear Market.
Cryptocurrency

Vitalik Buterin Predicts Another Bear Market.

The cryptocurrencies are swimming in one of the ages of crypto downtime because the Ethereum founder, Buterin Vitalik is gaping at the advantage that this may bring. In his recent interview with Bloomberg, the prestigious Canadian programmer says that those members of the assiduity who are erecting effects would “ drink ” another bear market. Falling prices will be suitable to flush out academic excess in the crypto space, according to Buterin They drink the bear market because when there are these long ages of prices moving up by huge quantities like it does-- it does make a lot of people happy-- but it does also tend to invite a lot of veritably short- term academic attention. Cryptocurrencies trading trends The cryptocurrency request has endured a severe drawdown over the once several ...
The Crypto Market Has Been Under Selling Pressure Since, Fighting To Break Out To Sustain Its Bullish Period.
Cryptocurrency

The Crypto Market Has Been Under Selling Pressure Since, Fighting To Break Out To Sustain Its Bullish Period.

The crypto market has been under selling pressure since, fighting to break out to sustain its bullish period. The total market capitalization has shrunk by$ 65 billion over the last day, slipping below$1.8 a trillion. It's now down 40 from the Nov. 10 peak of roughly$ 3 trillion. Solana( SOL), Avalanche( AVAX), and Ethereum( ETH) have taken the biggest losses, plunging by further than 6. The cryptocurrencies are now 10 lower than their price three to four days agoneand try to put the bear back in the motorist's seat. The world-leading cryptocurrency, Bitcoin slipped to$,077, the smallest position on Feb. 28. Bitcoin collapsed to$,324 Feb. 24, hitting a one-month low. still, it also managed to carry an emotional price recovery and ended up reclaiming the$,000 positions for the first time. ...