Ethereum (ETHUSD)

[Investors3]

Crypto Biz: The blockchain revolution will cast aside the skeptics, Dec. 23-30
Although crypto prices didn't live up to their lofty expectations in 2021, the outlook on the blockchain economy is as strong as ever.
SAM BOURGI
3 MINUTES AGO

From a price perspective, the cryptocurrency market is ending 2021 with a whimper as Bitcoin (BTC), Ether (ETH) and other digital assets continue to trade well below their prior peaks. But the business of blockchain and crypto is heating up, as evidenced by the arrival of institutional capital and the flood of venture funding into the space. According to Nischal Shetty, CEO of India's WazirX crypto exchange, the digital asset revolution is already underway and will continue with or without your participation.

Below is the concise version of the latest "Crypto Biz" newsletter, which is delivered to your inbox every Thursday. Register for the full newsletter below to receive comprehensive insights every week.

Crypto won't wait for nations to come on board: WazirX CEO

With crypto being thrust into mainstream consciousness in 2021, lawmakers around the world are scrambling to regulate the digital asset class. WazirX's Nischal Shetty believes nation-states will soon be in an arms race to develop and launch local versions of central bank digital currencies, or CBDCs. “We’re optimistic that we’ll get regulatory clarity and see institutional participation fuel retail adoption," he said. “There is a $2.5-trillion market out there, and it is not going to wait for any nation to come on board."

FTX wants to intice banks to start accepting stablecoins

Cryptocurrency derivatives exchange FTX is prepared to offer banks $1 million in prize money to begin accepting stablecoins. The offer, which was floated in a Tuesday Twitter post, is intended to strengthen FTX's ties with traditional finance to help its customers better facilitate "near-instant and near-free deposits and withdrawals through stablecoins." Although the offer is no doubt intriguing, banks are unlikely to commit to supporting stablecoins until federal regulators chime in on the matter.

DeBank valued at $200M following private equity round

This week's biggest funding news came courtesy of DeBank, a cryptocurrency wallet focused on decentralized finance solutions. On Tuesday, the firm announced it had completed a $25 million private equity round that was led by Sequoia China with additional participation from Dragonfly, Hash Global and Youbi, among several others. DeBank is now valued at $200 million, highlighting once again that DeFi-focused startups were attracting significant interest from venture capitalists.

Related: Kevin O'Leary says his crypto holdings could reach 20% of portfolio

Binance pursues regulatory approvals in Bahrain and Canada

Binance is wrapping up a highly tumultuous year on a positive note after the cryptocurrency exchange announced it had received a pair of licensing approvals from Bahrain and Canada. The green light from Bahrain gives the exchange license to operate as a crypto service provider in the tiny Gulf state. In Canada, however, the picture is a bit murkier. While Binance claims that it is licensed to operate in the country after incorporating a subsidiary called Binance Canada Capital Market, Ontario's securities regulator issued a statement Thursday that the exchange is "not registered under securities law" in the province. (It should be noted that Binance's subsidiary registered as a federal corporation whereas the Ontario Securities Commission has jurisdiction over the province of Ontario.) As Cointelegraph reported, Binance was effectively kicked out of Ontario, Canada's most populous province, in June after local regulators began clamping down on unregistered trading platforms.

https://cointelegraph.com/news/crypto-biz-the-blockchain-revolution-will-cast-aside-the-skeptics-dec-23-30

[LowFloatLopes]

Looks like we’re gonna test 3k before moving back up and beyond 5k

[KICK1]

Smoke Em All! HaHaHaHa

[Entheogen]

https://www.chartzip.net/post/video-ethereum-dump-12-27-2021

[emit]

This Spring Summer it was set for December; they moved it out to June 22 last I read; could come earlier.

Next 3-4 months should be interesting.

gl


Hear 50-100k tps possible n gas fees substantially decreased; ad the ei15-deflation factor and it will see $10K+ IMVHO.




e

[Investors3]

Billionaire Ray Dalio Explains Why He Owns Bitcoin And Ethereum
by Best Owie 4 days ago in Bitcoin, Ethereum Reading Time: 3 mins read

Billionaire Ray Dalio has revealed that he holds bitcoin and ethereum holdings. Various billionaires have also been public about their bitcoin and ethereum holdings. For a lot of these billionaires, the move from cash into cryptocurrencies has been a pertinent one as the former continues to lose its value in the market. Dalio also gave this as a reason for holding the cryptocurrencies.

Growing concerns about the value of cash as an investment have seen both institutional and individual investors move their holdings into cryptocurrencies. Coupled with rising inflation rates, diversifying into cryptocurrencies like bitcoin and ethereum has become more popular.

Related Reading | Millennial Millionaires Are The Most Bullish On Crypto, Survey Finds

Dalio Owns Bitcoin And Ethereum

Billionaire Ray Dalio sat down with Yahoo! Finance to talk about the financial market and how one can be successful in it. Talking with host Andy Serwer, Dalio confirmed once again that he owned bitcoin but this time around, the billionaire revealed that he had added ethereum to his holdings. This was in response to a direct question from Serwer about the billonaire’s crypto holdings.

Dalio declined to give a precise amount of bitcoin that he owned, which is understandable, but explained that he did not own a lot of either bitcoin or ethereum. As for the reason behind holding these cryptocurrencies, Dalio explained that it was because he viewed it as an alternative to cash. “I view it as an alternative money in an environment where the value of cash money is depreciating in real terms,” said the billionaire.

Diversification Is Key

For Dalio, buying into bitcoin and ethereum is also a diversification play. During the interview, the billionaire hedge fund manager reiterated that investing in cash is the worst investment there is. This is because cash loses buying power and as such, the longer one holds cash, the lesser the buying power of that cash. He urged investors to not “judge anything in your returns or your assets in nominal terms, in terms of how many dollars you have. View it in terms of inflation-adjusted dollars.”

Related Reading | Struggling Prices Beats Bitcoin Expectations Down From $100K To $50K

Dalio stresses that it is important for investors to always diversify their portfolio and that is what he has done with his crypto investments, even though it is still a relatively small part of that portfolio.

“The important thing is to diversify one’s portfolio well. Because we know from the surprises in the balance– we also know that those asset classes on average significantly outperform and will significantly outperform cash.”

The billionaire concluded by saying that cash is a “problematic asset.” Therefore, diversification out of this asset is important. “And that diversification should be also international diversification from countries, not just asset classes, in order to have a truly well-diversified portfolio,” Dalio added.

https://www.newsbtc.com/news/bitcoin/billionaire-ray-dalio-explains-why-he-owns-bitcoin-and-ethereum/

[Investors3]

Crypto Research Analyst Puts Ethereum At $9,000 In Six Months
by Best Owie 19 hours ago in Ethereum Reading Time: 3 mins read

Ethereum has had a good year in 2021, although the digital asset is looking to close out the year on a less than a bullish note. Nevertheless, investor sentiment around the altcoin continues to be on the positive side as most expect the cryptocurrency to do well in the coming years. One of those is a crypto research analyst at Fundstrat, Armando Aguilar, who believes that Ethereum will double in price next year.

Ethereum Heading For A Big Year

In a report on Business Insider, Aguilar noted that the year has been a choppy one for the cryptocurrency market. There were several bull rallies and crashes that rocked the market for the year, and the analyst expects to see this choppiness persist into next year. However, next year does not look to be all bad from his perspective.

Related Reading | Jack Dorsey Disses Ethereum, Web3 In Twitter Rampage

Aguilar shared with Insider that he was expecting more adoption from institutional investors into bitcoin which would lead to what he sees to be a successful year. For Ethereum, this has some important implications as the coin has now lost its footing above $4,000. Aguilar explained that he sees the price of Ethereum doing very well going into the year 2022.

He puts the price of the second-largest cryptocurrency by market cap at $9,000 by the second quarter of 2022. This will be propelled by the growth of decentralized finance (DeFi), the metaverse, and NFTs.

Even with the explosive growth of DeFi in 2021, Aguilar sees this growth going into 2022 as institutional investors take more stake in the market. As this demand grows, Atheneum’s value will grow with it, putting it at $9,000 in the first half of 2022. “I believe that DeFi will play a major role for institutional capital next year,” said Aguilar. “As institutional and retail demand drove DeFi into new heights, the trends will continue to spill into 2022.”

Bitcoin Clocking Six Figures

For Ethereum to hit Aguilar’s prediction, bitcoin would also have to see explosive growth in 2022. This is why the analyst also expects bitcoin to finally hit six figures in the same time frame. He puts this up to more adoption from institutional investors as they turn to bitcoin to combat rising inflation rates. This will see the price of bitcoin finally surge towards the coveted $100,000 price.

Related Reading | By The Numbers: How Ethereum 2.0 One-Year Stats Stack Up

Additionally, institutional investors are already getting exposure to the digital asset through the various ETFs that have been approved by the SEC. Aguilar notes that funds like Valkyrie are tracking US public companies that are exposed to bitcoin through the Balance Sheet Opportunities ETF.

Just like Ethereum, bitcoin looks to be heading towards a year-end close below expectations. The digital asset continues to struggle at $48,000 going into the holidays, suggesting that a close below $50,000 for the year is imminent.


https://ih.advfn.com/stock-market/COIN/ETHUSD/crypto-news/86887915/crypto-research-analyst-puts-ethereum-at-9-000-in

https://www.newsbtc.com/news/ethereum/crypto-research-analyst-puts-ethereum-at-9000-in-six-months/

[John Smith Kalk]

This year has seen the crypto space move deeper into the mainstream as more and more people invest in various digital assets across the market. As crypto has emerged so too has blockchain technology, which lays the foundation for cryptocurrency. With problems on the blockchain constantly being solved by new blockchains, the next year looks to be presenting some promising new projects that could change the face of the industry entirely. Ethereum’s network has been hampered this year by an increasing number of users making transactions on a blockchain whose technology sorely needs an upgrade. The upgrade in question – Ethereum 2.0 – has been delayed several times already but looks to be slated for completion next year.The move to Ethereum 2.0 will reduce transaction speeds and costs and will bring in the proof-of-stake protocol for mining, which is vastly more environmentally friendly than its current proof-of-work model.

[Investors3]

Ethereum 2.0 Testnet Kintsugi Goes Live in Preparation for Merge
Kintsugi is a public testnet for people to experiment with Ethereum 2.0 before the merge to proof of stake.
By Jeff Benson
3 min read
Dec 20, 2021

In brief

Ethereum developers have released several short-lived testnets to experiment with the merge.

The release of this "longer-lived public testnet" should be one of the last steps before Ethereum 2.0 is functional.

Ethereum developer teams have been hard at work preparing for Ethereum 2.0, the proof-of-stake platform designed to make the blockchain's transactions faster, cheaper, and less energy-intensive.

But while ETH2 isn't ready quite yet, its first major testnet is, providing the public with a look into how the network may soon function.

Tim Beiko, who coordinates the Ethereum core developers, announced the Kintsugi testnet today on the Ethereum Foundation blog. Kintsugi is a Japanese word for using gold to repair broken objects without attempting to hide the damage; the word evokes a sense of transparency about something's history.

Tim Beiko | timbeiko.eth ??
@TimBeiko
Over the past few months, client teams have been working tirelessly to implement a new set of merge milestones. They are now live on a new testnet: Kintsugi ??!

Here's how you can join the testnet and help with testing: https://blog.ethereum.org/2021/12/20/kintsugi-merge-testnet/ ??

Christmas came early??!

While the Ethereum network in its current state isn't broken, it is a victim of its success. After pioneering decentralized finance applications, NFTs, and even blockchain-based games, network transaction costs are scaring off some users. Swapping assets on a peer-to-peer basis or bidding on digital collectibles on-chain requires part of the network's energy—to push transactions through relatively quickly, people must pay higher fees or wait until there's less activity on the blockchain.

Ethereum 2.0 solves for that. It moves the network from a proof-of-work system like Bitcoin's, which has "miners" validate transactions, to a proof-of-stake system that lets people secure the network by locking up some of their ETH into the protocol. While both miners and stakers get rewards, Ethereum's proof-of-stake system also scales up the space available on the network.

Developers have already made strides toward Ethereum 2.0.

Phase 0 of the upgrade went live last December with the launch of the Beacon Chain, which will eventually be used to bridge the current network to the new one. And billions of dollars in ETH have already been staked to the new network.

To prepare for the merge, developers have introduced four short-lived testnets designed to simulate how the network will work once it goes to proof of stake. Kintsugi is here to stay, however, and designed not just for in-the-know developers to use but all members of the public.

"Although client development and UX continue to be refined, we encourage the community to start using Kintsugi to familiarize themselves with Ethereum in a post-merge context," wrote Beiko.

Most are hoping that things are in good enough shape to make "#testingthemerge" a quick process, so that other testnets—such as Görli and Rinkeby—can be used to simulate the transition.

"Once these have upgraded and are stable," Beiko wrote, "next up is Ethereum mainnet’s transition to proof of stake."

https://decrypt.co/88889/ethereum-testnet-kintsugi-goes-live-preparation-merge

[Alpha611]

Don't say that!
Im still making em.

[Canna_Business]

"Never buy wooden nickels"

[Investors3]

The Weeknd Releases Ethereum NFTs via Tom Brady's Autograph Platform
His record-breaking “Blinding Lights” single inspires a series of seven NFTs to be auctioned on OpenSea.
By Andrew Hayward
3 min read
Dec 20, 2021

In brief

* The Weeknd is launching NFTs via Tom Brady’s Autograph platform, in
collaboration with Billboard and The Infinite.

* The seven Ethereum NFTs will be auctioned starting today via OpenSea.

The Weeknd (a.k.a. Abel Tesfaye) recently celebrated a major milestone when his hit single “Blinding Lights” marked 90 weeks on Billboard’s Hot 100 chart—an all-time record. Now he’s celebrating the record with a series of limited-edition NFT collectibles released through Tom Brady’s Autograph platform and the OpenSea marketplace.

The seven Ethereum NFTs mark a collaboration between the artist, Autograph, music industry publication Billboard, and collectible cards startup The Infinite. The Weeknd recently released physical trading cards inspired by the milestone via his official website.

The NFTs are currently listed on OpenSea, and auctions for each will begin this afternoon and run into Thursday. Six of the NFTs feature footage from the “Blinding Lights” music video, while the other shows The Weeknd on the cover of Billboard. All seven NFTs have been digitally signed by the artist.

The Weeknd’s first NFTs on Autograph—co-founded by Brady, the NFL icon—have been expected since the musician joined the company’s board of directors in October. He will help launch Autograph’s music collectibles vertical, following the platform’s initial sports focus and gradual expansion into entertainment (including licensed film NFTs).

“The same way that we had Tom Brady, Tiger Woods, and our other athletes lead the sports vertical into the world,” Autograph CEO Dillon Rosenblatt told Decrypt last month, “we see The Weeknd leading our music vertical and pulling in people that are close to him ... and then building out a similar group of true thought leaders in the space, led by Abel.”An NFT is a blockchain-backed token that proves ownership for a digital item. Ethereum is currently the leading platform for NFT collectibles, and the market has ballooned throughout 2021, with an estimated $22 billion in trading volume so far this year.

Previous Autograph drops have been minted on Polygon—a layer-2 scaling solution for Ethereum that cuts down on fees and energy consumption—and released exclusively through the DraftKings Marketplace. The Weeknd’s first drop bucks both trends, albeit with a significantly smaller collection size than other Autograph drops.

Autograph was founded in April and released its first NFTs in August featuring Brady, the seven-time Super Bowl champion and increasing crypto and NFT advocate. Since then, the platform has launched NFT collectibles from fellow athletes like Woods, Simone Biles, Tony Hawk, Wayne Gretzky, and Naomi Osaka.

While today’s drop marks The Weeknd’s first project with Autograph, he has already released NFTs on another platform. Back in April, he launched digital collectibles on Nifty Gateway, generating more than $2 million from the sale.

https://decrypt.co/88839/the-weeknd-releases-ethereum-nfts-via-tom-bradys-autograph-platform

[KICK1]

You Already Know! $ETH $ETHE Premium World Computer! @SaturnProtocol CHAiNLiNK’d Coca Cola! ALT season 2021! 2022 Too! HaHa! Florida Convict Music! X Dealer! https://open.spotify.com/track/4xAk8Lw82G3YoVSOdVAsBx?si=29140ebd458a4b54

[YankeMike]

Yes, I think a trading range of $5,000 to $8,000 in 2022.

[xxxx]

Back to business. 4500 by year end, 5k in early 2022.

[qualityincolor]

Look at that recovery

[Investors3]

Small Ethereum investors increase exposure as ETH loses $4K level
YASHU GOLA
6 HOURS AGO

The number of Ethereum addresses holding less than 0.01 ETH and 0.1 ETH has been climbing since early November against an ongoing price correction.

Ethereum's native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities.

According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding less than or equal to 0.01 ETH reached a record high level of 19.95 million on Dec. 4, the day ETH dropped to as low as $3,575 (data from Coinbase).

Meanwhile, the number of Ethereum wallets with balances of at least 0.1 ETH also kept climbing despite Ether's correction from $4,867 to $3,575, eventually hitting a new all-time high of 6.37 million on Dec. 12.

As a result, the number of Ether addresses with a non-zero balance also reached a new record high of nearly 70 million on Dec. 12. In contrast, addresses holding less than or equal to 1 ETH dropped alongside prices, indicating that they were less interested in buying Ether's sessional dips.

Bounce ahead?

The army of retail investors buying Ether in small quantities marches ahead as the ETH price drops toward a support confluence.

Notably, Ether plunged Monday by over 5% to near $3,900 in a selloff inspired by similar corrections across the cryptocurrency space. Nonetheless, ETH price reached an area that has been lately attracting buyers.

The first support came from the lower trendline of the descending channel pattern — the blacked range shown in the chart above. Meanwhile, the purpled 100-day simple moving average (100-day SMA) and the red pullback area — as it has been since Oct. 20 — raised Ether's potential to retrace upward in the near term.

While smaller retail investors seem to have been accumulating Ether, their larger counterparts look conflicted.

For instance, Glassnode data shows a marginal recovery in the buying interest by the Ethereum wallets with balances of at least 1,000 ETH. Still, overall, their numbers have gone down from near 7,200 to below 6,350 in 2021.

Exchanges' Ether balances

More upside cues come from Ether's declining balances across all the crypto exchanges.

The number of coins held by exchanges recovered from nearly 14 million ETH to 14.13 million ETH since Dec. 9 — which coincided with an almost 10.50% price drop — but its long-term trend remains skewed to the downside.

A lower ETH balance across exchanges hints at traders' intention to hold their coins or stake them in the pools of decentralized finance (DeFi) projects to earn yields instead of trading them for other assets.

DeFi's total value locked (TVL) sits at a new all-time high above $250 billion, according to data provided by Defi Llama, out of which Ethereum's TVL came out to be over $180 billion.

"However, Ethereum's dominance over DeFi activity has taken a big hit in H2 2021," reminded Delphi Digital, a crypto-focused investment firm, adding that:

"As the multi-chain narrative plays out, capital has moved to ecosystems like Solana, Terra and Avalanche."
High gas fees have been the main reason behind investors seeking potential "Ethereum killers."

For instance, a decentralized exchange swap costs $70 on Ethereum but $1 on Terra and Solana, although some analysts anticipate that Ethereum's full transition from proof-of-work to proof-of-stake next year would solve the high gas problem.

"Ethereum's price will rise at a much faster rate than Bitcoin, due to the move to proof-of-stake," noted Tom Higgins, CEO at asset management platform Gold-i.

https://ih.advfn.com/stock-market/COIN/ETHUSD/crypto-news/86793891/small-ethereum-investors-increase-exposure-as-eth

https://cointelegraph.com/news/small-ethereum-investors-increase-exposure-as-eth-loses-4k-level

[Joecanada13]

Ewww what the heck

[WolfOfGrnStreet]

Easy 2 X from here. $$$$$$$

[Investors3]

White Castle Goes Crypto, Scoops Ethereum Name and Seahams NFT
Another well-known brand has joined the crypto space, with restaurant chain White Castle registering an ENS domain name and buying up a buzzy new NFT.
By Liam J. Kelly
2 min read
Dec 10, 2021

American fast-food chain White Castle took to Twitter to announce that it had just registered with the Ethereum Name Service (ENS).

ENS has been compared to the crypto version of the Internet’s Domain Name System (DNS). Like purchasing a domain, White Castle now owns the whitecastleofficial.eth address.

Instead of a string of numbers and letters, people could now hypothetically send cryptocurrencies to the address “whitecastleofficial.eth.”

On the same day, the restaurant’s Twitter account also updated its avatar to that of a “Seahams” NFT.

Etherscan shows that the address which owns the White Castle ENS name and the NFT began its crypto adventure on December 8. The address used crypto exchange Coinbase to facilitate most of its transactions.

White Castle’s entrance into the crypto sector is also just the latest in name-brand inductees.

White Castle joins brands embracing crypto

2021 has been a breakout year for brand adoption of cryptocurrencies and non-fungible tokens (NFTs), with the likes of Budweiser, Nike, and Taco Bell embracing crypto and NFTs in their marketing campaigns.

Taco Bell, for example, launched a series of taco-themed collectibles as NFTs back in March. Shortly after they launched, they were quickly sold out. Likewise, Budweiser has launched 1,936 NFTs of different images of the brand's logos over the course of the firm’s history. The cost of each jpeg ranges from $499 to nearly $1,000 a pop.

As for White Castle, its crypto play has resulted in at least one sale. Shortly after the restaurant announced its entrance into the industry, Brantly Millegan, the director of operations at ENS, tweeted that he would “buy some White Castle as soon as [he could].”

https://decrypt.co/87991/white-castle-goes-crypto-scoops-ethereum-name-seahams-nft

[Henderson543]

The live Ethereum price today is $4,203.69 USD with a 24-hour trading volume of $26,919,122,293 USD.my friend sent me these stats on my FM WhatsApp account. We update our ETH to USD price in real-time. Ethereum is down 2.27% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $498,897,631,532 USD. It has a circulating supply of 118,680,946 ETH coins and the max. supply is not available.

[Investors3]

Ethereum transaction energy use equals 2.5 miles in a Tesla Model 3: Report
COINTELEGRAPH RESEARCH
5 HOURS AGO


One Ethereum transaction uses enough energy to power a house all day, but how much does the fiat financial system use?

According to Cointelegraph Research’s original investigation into the most energy-efficient blockchains for nonfungible tokens (NFT), the Ethereum network is currently using more energy than Costa Rica does during an entire year. To put this into perspective, a single transaction on Ethereum uses roughly 30 kilowatt-hour, which is equivalent to powering a house in the United States for a whole day. 100 Ethereum transactions is equivalent to driving approximately 390 kilometers in a Tesla Model 3. However, Ethereum’s upcoming move to Eth2 will change all of this for the better.

In contrast, a transaction on Tezos takes 0.0016 kWh or less than the energy required to charge an Apple Tablet for 10 minutes. 100 Tezos transactions is equivalent to driving 10 km in a Tesla Model 3. The energy use of the entire Tezos network is approximately equivalent to two households in the U.S. for the whole year. One question, though, is how competing blockchains such as Tezos, Polkadot and Solana will perform on the market once Ethereum transitions to Eth2.

(I removed the 3rd paragraph, as it was a repeat of the 1st!)

Blockchain energy consumption has been subject to intense debate. While NFTs are present on several blockchains, the new research report only compared energy consumption on two chains. Energy consumption is directly related to a blockchain’s consensus mechanism, where Ethereum represents proof-of-work (PoW) and Tezos is used as an example of proof-of-stake (PoS).

Download the full report here, complete with charts and infographics.

The results show that the Ethereum blockchain is significantly more energy-intensive than an alternative PoS chain such as Tezos. In 2021, transactions on Tezos have been more than 35,000 times more energy-efficient than those on Ethereum.

When addressing the issue of energy consumption, one, first of all, needs to distinguish transaction costs and the costs of maintaining the network. Naturally, a PoW system such as Ethereum will be more energy-intensive than a PoS blockchain such as Tezos.

The PoW vs. PoS debate

A PoW blockchain network depends on a large number of individual miners contributing to the network’s hash power in order to secure the network. Thus, the energy consumption of Ethereum, for example, is not directly related to the number of transactions. Each transaction only contributes marginally to the total energy consumed.

However, when comparing energy consumption across blockchains, it needs to be scaled by a metric that captures how extensively a network is used. Therefore, the total energy consumption is divided by the number of transactions that a network performs within a day. For Ethereum, the total energy consumption is a product of the average daily hash rate and an estimate for hardware efficiency. Finally, the results are annualized for comparability.

For Tezos, a slightly different strategy was followed, as energy consumption in a PoS network does not depend on hash rate. The calculation comes down to the total energy consumption for each day and multiplying it by the number of active delegates — that is, the number of active bakers by the daily energy consumption of a baker.

The results support previous findings on the vastly different energy consumption of PoW vs. PoS blockchains. It can be estimated that in August 2021, the creation of an NFT on Tezos was roughly equivalent to using a hairdryer for two seconds, while creating an NFT on Ethereum amounted to using it for more than 20 hours.

All about efficiency

For now, the Ethereum blockchain is not as energy efficient as PoS alternatives leaving aside potential security concerns when comparing PoW and PoS blockchains. Thus, minting an NFT on Ethereum appears to be less environmentally friendly compared to less energy-intensive alternatives. However, Ethereum’s move toward a PoS algorithm will likely lead to a substantial decrease in energy usage, which is going to change the situation for the better.

This article is for information purposes only and represents neither investment advice nor an investment analysis or an invitation to buy or sell financial instruments. Specifically, the document does not serve as a substitute for individual investment or other advice.

https://cointelegraph.com/news/ethereum-transaction-energy-use-equals-to-2-5-miles-in-a-tesla-model-3-report

[StockPanzer]

The US Dollar is backed by Hopes and Dreams. Because it has an Economic value attached.

We are going to see a point where Cryptocurrency like ETH and BTC will become an inflation hedge and a wealth store. We are in fact, already there.

Ethereum isn't "backed" by Currency, it IS Currency.

I just bought a used car recently and I jokingly asked the dealership owner if he accepts Ethereum payments. He's like if that's how you wanna pay I'll give you my ETH address

I could have bought the car with ETH. How is it not "money".

Granted the guy probably would have held the ETH for a few months then sold at an upswing, or sold immediately to get the USD but he can do what he wants at that point. My ETH was as good as USD to him.

[Investors3]

Three Arrows buys 156K ETH in the weeks after CEO ‘abandoned ETH’
KEIRA WRIGHT
13 HOURS AGO

Only a few weeks ago, CEO Zhu Su was blasting ETH on Twitter for high gas fees and accessibility issues. Now, his company is buying the dip.

Crypto hedge fund Three Arrows Capital (3AC) has bought more than half a billion dollars worth of Ether (ETH) in the time since CEO Zhu Su publicly slammed the cryptocurrency on Twitter. Do the purchases mean he’s changed his mind, or was he just taking advantage of a market crash to buy the dip?

In an anti-ETH tirade between Nov. 20 and Nov. 22, Zhu tweeted about why he had “abandoned Ethereum despite supporting it in the past.” The thread came in response to a tweet from Synthetix founder Kain Warwick, who’d called out people who have “sold out in pursuit of profit maximization.” During the tweet storm, Zhu claimed that Ethereum culture “suffers massively from the Founders’ Dilemma” and that “everyone is already far too rich to remember what they originally set out to do.”

However, after attracting wide attention, he made a U-turn, saying he wanted to “soften” his original stance and that “I love Ethereum and what it stands for.”

In the 17 days or so since the threads, approximately 156,400 ETH or $676.37 million has been transferred to a wallet that blockchain analytics firm Nansen has associated with 3AC.

Almost all the funds entering the wallet during this period were transferred from Binance, FTX exchange or Coinbase.

Zhu confirmed the transactions earlier today in response to a tweet from Chinese blogger Wu Blockchain, saying that although Ethereum’s layer one is still “unusable for newcomers,” he’d still “bid hard on any panic dump like this weekend.”

The wallet shows 3AC made the majority of its purchases during the weekend price crash.

When the anti-ETH tweets emerged, many Twitter users believed he was trying to pump rival project Avalanche (AVAX), which 3AC has invested in. In response to a user asking if the ETH purchases meant he’d dumped his AVAX holdings for ETH, he said that he has “never sold AVAX” and simply “bought this ETH from whoever was financially illiterate enough to sell this weekend.”

In early November, Three Arrows Capital was announced as an investor in Blizzard, a fund to promote the development of AVAX. Following Zhu’s initial tweets, AVAX pushed out Dogecoin (DOGE) from its spot as the 10th-largest crypto by market capitalization. Zhu tweeted a graph of AVAX’s growth captioned “top 10” in the hours before his U-turn.

At 23:34 UTC on Tuesday, 93,791.894 ETH was moved from the wallet belonging to 3AC to an address that appears to belong to a major trader. Smaller amounts have been moved to other addresses, including 500 ETH moved to an apparent NFT investment wallet.

https://cointelegraph.com/news/three-arrows-buys-156k-eth-in-the-weeks-after-ceo-abandoned-eth

[StaleyCornell]

Please define "actual money". You think dollar bills are "money"?

[xxxx]

FX Empire
Ethereum Price Prediction – Bulls Eye $4,500. A Breakout from $4,250 Key, however
Bob Mason
Mon, December 6, 2021, 7:54 AM

Ethereum Morning Session

At the time of writing, Ethereum was down by 3.02% to $4,076.

[KICK1]

Vitalik Buterin outlines ‘endgame’ roadmap for ETH 2.0 https://cointelegraph.com/news/vitalik-buterin-outlines-endgame-roadmap-for-eth-2-0 via @Cointelegraph $ETH $ETHE Premium World Computer Ethereum MainNet GOLD Bulls! Shout Out UniBright Baseline Protocol $UBT ALT season

[steez]

Check now rookie

[qualityincolor]

Here we go

[steez]

We see youre a amateur. Lol

[xxxx]

Creeping nicely.

[Investors3]

Vitalik Buterin outlines ‘endgame’ roadmap for ETH 2.0
December 06 2021 - 11:15AM
Cointelegraph

The Eth2 launch process began in November 2020. The network’s switch to proof-of-stake is expected to make ETH a deflationary asset.

https://ih.advfn.com/stock-market/COIN/BTCUSD/crypto-news/86736325/vitalik-buterin-outlines-endgame-roadmap-for-e


SAM BOURGI
2 HOURS AGO
Vitalik Buterin outlines ‘endgame’ roadmap for ETH 2.0
The Eth2 launch process began in November 2020. The network’s switch to proof-of-stake is expected to make ETH a deflationary asset.

Ethereum co-founder Vitalik Buterin has outlined his vision for a “plausible roadmap” for Eth2, presenting a future where the largest smart-contract platform can increase its scalability while meeting high standards for trustlessness and censorship resistance.

In a Monday post titled “Endgame,” Buterin presented a thought experiment for how the average big blockchain — defined by very high block frequency, high block size and thousands of transactions per second — can still be considered sufficiently trustless and censorship-resistant. The obvious trade-off for this level of scalability is the centralization of block production. Buterin’s solutions, as presented in the blog post, do not address the centralization issue, but still provide a roadmap for implementation.

With respect to the solutions, Buterin suggested “a second tier of staking, with low resource requirements,” to carry out distributed block validation; “introduce either fraud-proof or ZK-SNARKS to let users directly (and cheaply) check block validity” directly; and “introduce data availability sampling to let users check block availability [and] add secondary transaction channels to prevent censorship.”

With these updates, “We get a chain where block production is still centralized, but block validation is trustless and highly decentralized, and specialized anti-censorship magic prevents the block producers from censoring,” Buterin explained.

Related: Vitalik Buterin proposes calldata limit per block to lower ETH gas costs

Buterin said block production would remain centralized even with the implementation of so-called “rollups,” which are layer-two solutions that execute transactions outside of the main Ethereum chain. (Interestingly, Buterin presented a rollup-centric roadmap for Ethereum in October 2020).

“No single rollup succeeds at holding anywhere close to the majority of Ethereum activity. Instead, they all top out at a few hundred transactions per second,” he said. While it may appear that rollups could contribute to distributed block production, decentralization may not last because of the possibility of cross-domain maximal extractable revenue, or MEV. As the name implies MEV refers to the maximum amount of value that can be earned from block production in excess of standard block rewards and gas fees.

The Ethereum co-founder concluded that there’s a high probability that block production will end up centralized regardless of the path to scalability that the network takes. The benefit of Ethereum’s rollup-centric roadmap is that it’s open to all futures, he said.

Excitement surrounding Ethereum has been building since November 2020 when the protocol first embarked on its long transition to proof-of-stake. The highly anticipated London hard fork, which puts ETH on track to become a deflationary asset, was implemented in August of this year. The hard fork introduced EIP-1559, which aims to reform the network’s fee market. As Cointelegraph reported, over 1 million ETH has already been burned since the EIP-1559 came into effect.

https://cointelegraph.com/news/vitalik-buterin-outlines-endgame-roadmap-for-eth-2-0

[WolfOfGrnStreet]

Tell that to the feds who keep printing paper money. Both useless

[MoneyMaker111]

Ethereum will continue to crash to darn near worthlessness

'Tether' is rapidly printing billions of tether (USDT) supply. Fake.

None of this scam is backed by any actual money.

GET OUT WHILE YOU STILL CAN

[KICK1]

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[KICK1]

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[KICK1]

The Coinbase Notifications Are Hilarious Ethereum Is Down Ha! $ETH $ETHE Premium World Computer GOLD And It’s still a Bull Run! 2021

[KICK1]

Agreed… It’s been one year of a Bull Run, I don’t really expect much more unless we get that etf or Cathie does something with Tesla which it seems she is as it’s only 10% of her holdings now, perhaps she is buying more of ethe gbtc now or plans to soon, I can’t complain since the Ethereum split it’s gone up slow and steady and I still haven’t sold, I will when she does though

[Alpha611]

Don't aspect anything till AFTER the holiday's.

[KICK1]

I expect Grayscale to get the etf soon for that and can’t wait!

[starkd748]

Bitcoin almost done with the consolidation

[KICK1]

$UBT The Baseline - Wednesday December 1 2021 Noon US Eastern Baseline Protocol UniBright UBT SEALS! Community #Online ENTERPRiSE ETHEREUM MainNet https://baseline-protocol.org Open Source $ETH $ETHE Premium Pattern GOLD Baseliners

[KICK1]

Agreed, the dominance from Bitty is looking good for the Ethereum “Flippening” again! HaHa Perhaps we get the same play into the eoy/new year for the alts too, this time we have more adoption and Cathie Wood is in, so we’ll see what she does with Tesla as well

[starkd748]

Another Epic Fail...

[starkd748]

Looks bullish

[KICK1]

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[Joecanada13]

5k inbound!

[WolfOfGrnStreet]

$$$$$$$ uppppppppp

[KICK1]

Eth2 devs put out call to community to help test out the Merge https://cointelegraph.com/news/eth2-devs-put-out-call-to-community-to-help-test-out-the-merge via @Cointelegraph @Grayscale Go Grayscale! Premium ALT season 2021! $ETH $ETHE

[emit]

ETH 2.0 could bring 50K-100K tps lower gas fees and that burn rate is getting really impressive'

yup


emit...