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$ETHE Another good RSI 10 Buy and 70 Rip! Go MoMo’$ Add More $ETH Premium World Computer! @SaturnProtocol Crypto Bulls
It depends on your entry, I’m in the green with $ETHE & $ETH
The whole house of cards is collapsing,
Yeah right after the fact - you can draw that trendline straight up the gazoo. News trumps charts.
Crypto Carnage
Newbies blew it
Veterans seen it comin'
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=coin
This morn already 3
LoLoLoL
Coinbase Pro to me is safer, but geez it seems this whole house of cards is collapsing,
Robinhood or Coinbase Pro
What do I need to do to buy this coin an you help me
MIGHT GO AS LOW AS $1600, EVEN MIGHT BE LOWER WITH FUNDAMENTALS
Geez just keeps dropping. I guess this vaporware is worthless after all.
World Computer @SaturnProtocol Baby $ETHE Pre Split Add More $ETH Premium GOLD PPP!
$ETHE Ethereum @Grayscale My Average Is So Low! Add More $ETH Premium House Money! Long & Strong!
ETHUSD: I just entered a long position at $2,500.00
Hodling for fibonacci retracement back to $3,333.33
$ETHUSD
#ETHUSD
Crypto job posts on LinkedIn rocketed 395% in 2021
JOSEPH HALL
8 HOURS AGO
Job postings with terms like “Bitcoin,” “Ethereum,” “blockchain” and “cryptocurrency” grew 395% in the United States last year.
It wasn’t just a bull run for prices last year. Careers in crypto outstripped price action in 2021, as crypto job searches soared by 395% in the United States alone, according to LinkedIn.
Crucially, the crypto industry outpaced the wider tech industry, which also saw remarkable development, almost doubling its number of job listings. However, at 98% growth, the tech industry dwindles in comparison to crypto jobs, which gained by a whopping 395%.
Furthermore, no industry was safe from “crypto-ization” in 2021. The LinkedIn News post offered valuable insight into crypto influencing other industries:
While most of the job postings were in software and finance, other industries are also seeing a rise in demand for crypto talent. These include professional services like accounting and consulting, as well as the staffing and computer hardware sectors.
For 2022, the growth trend looks set to continue. The biggest exchanges in crypto are brimming with job posts; Coinbase has over 250 openings, Kraken over 300, and the world’s most active exchange, Binance, lists more than 600 job posts.
For Bitcoiners and Bitcoin (BTC) maximalists, there is a new resource — Bitcoiner jobs. A service dedicated to helping connect Bitcoiners with Bitcoin-only companies, it now offers almost 100 Satoshi-approved careers.
For those who are unable to switch jobs into crypto, a wider HR trend is crypto remuneration. The mayors of New York and Miami announced that they would take a portion of their pay in BTC in 2021, while seven NFL players have chosen crypto over cash salaries to date.
Related: 3x NBA champion Andre Iguodala becomes the latest athlete to receive salary in crypto
Nonetheless, while the crypto career switch appears to be gaining traction, the LinkedIn audience is not convinced. Most comments on the LinkedIn post were from bewildered onlookers wondering why crypto has value, and one aggrieved copywriter remonstrated the industry’s scammy nature.
Plus, given that Bitcoin price action has yet to impress in 2022, the crypto industry may struggle to sustain such high human resources growth levels.
In the 2018 bear market, several cryptocurrency companies laid off staff. In sum, BTC activity needs to pick up to continue to support job creation.
https://ih.advfn.com/stock-market/COIN/ETHUSD/crypto-news/87031182/crypto-job-posts-on-linkedin-rocketed-395-in-2021
https://cointelegraph.com/news/crypto-job-posts-on-linkedin-rocketed-395-in-2021
USDC's supply on Ethereum surpasses that of rival USDT's for the first time
Yogita Khatri
January 14, 2022, 12:30PM EST · 2 min read
Quick Take
* The total supply of the USDC stablecoin on Ethereum has surpassed that of USDT’s for the first time.
* USDT’s total supply across blockchains, however, remains higher than that of USDC’s.
The total supply of the USDC stablecoin on the Ethereum blockchain has surpassed that of rival Tether's (USDT) for the first time.
The current total supply of USDC on Ethereum stands at 39.92 billion, whereas USDT's total supply on the blockchain stands at 39.82 billion, according to Etherscan.
USDC's supply beating USDT's on Ethereum is significant since the blockchain remains a major contributor of growth for both stablecoins. USDC and USDT are available on several blockchains, including Solana and Algorand.
DeFi and other factors driving growth
One of the main reasons for USDC's recent growth has been its increased usage in the decentralized finance (DeFi) market. Stablecoins are used for trading on decentralized exchanges and for various purposes within DeFi protocols.
Recent significant market moves also drove USDC’s growth, a Circle spokesperson told The Block.
"As digital asset markets trend up or down, both scenarios tend to generate increased demand for USDC — especially during significant market moves,” said the spokesperson.
When markets move up, increased interest from investors causes an increased demand for USDC as a way to bring fiat currency into crypto trading platforms. On the contrary, when markets go down, more traders are selling volatile assets into stablecoins like USDC, said the spokesperson.
USDT is different from its competitors "that rely mainly on DeFi platforms to boost their supply," Tether CTO Paolo Ardoino told The Block. USDT's demand is mainly driven by centralized exchange users and institutions, he said.
But with the recent bearish crypto market sentiment, USDT's demand from institutions has decreased, said Ardoino, adding that demand from retail investors, however, is growing from Turkey and several countries in Latin America.
Looking at the bigger picture, USDT's total supply across blockchain continues to remain higher than that of USDC's. The former's current total supply stands at over 82 billion, and the latter's stands at around 45 billion.
USDC's supply has been consistently increasing over the past several months, whereas USDT's supply has remained somewhat stagnant.
Ardoino said there is a "sufficient amount" of USDT in circulation.
Freezing funds
Tether has been increasingly freezing funds recently. Earlier this week, the stablecoin issuer blocked three Ethereum addresses holding over $160 million worth of USDT.
Regarding the freeze, Ardoino said, "Tether is cooperating with a law enforcement request, imposing a temporary freeze to allow the investigation to proceed."
Last month, Tether froze over $1 million worth of USDT belonging to a single blockchain address.
https://www.theblockcrypto.com/post/130342/usdc-supply-on-ethereum-surpasses-usdt-first-time?
Ethereum Q4 Report
Bankless Writer: Ben Giove, Bankless Analyst
This piece originally inspired by “Ethereum Announces First Quarter 2021 Results” by James Wang
Ethereum, the world’s largest smart contract platform, reported financial results for the fourth quarter and fiscal year ended December 31, 2021.
Protocol Summary
Numbers compare performance in Q4 2020 to Q4 2021
* Network Revenue rose 1,777% from $231.41 million to $4.34 billion. Network revenue refers to fees paid in ETH by users to transact on the network. Of this, $3.78 billion (87%) worth of ETH was “burned” and removed from the circulating supply through EIP-1559.
* Average Daily Active Addresses grew 35% from 425,636 to 572,700. This measures the average number of individual wallet addresses that interacted with the network each day over the course of the quarter.
* ETH Inflation Rate fell 64% from 1.13% to 0.46%. This tracks the increase in the supply of ETH, less burnt fees, as a result of the block reward issued to miners as compensation for confirming transactions.
* ETH Staked increased 471% from 1,545,486 to 8,818,933. This measures the amount of ETH Staked on the “Beacon Chain,” which eventually be merged with the current Ethereum network when it switches from Proof-Of-Work (PoW) to Proof-Of-Stake (PoS). About 7.40% of the total ETH supply is staked.
* Average Transaction Fee rose 557% from $4.09 to $26.89. This represents the average price paid per transaction by a user on the network.
Ecosystem Summary
Numbers compare performance in Q4 2020 to Q4 2021
* DeFi TVL grew 770% from $17.73 billion to $154.20 billion. This measures the value of assets deposited into Ethereum based DeFi applications.
* DEX Volumes rose 495% from $48.97 billion to $291.53 billion. This tracks trading volumes on Ethereum’s largest decentralized exchanges such as Uniswap, SushiSwap, and Curve.
* BTC on Ethereum grew 133% from 138,190 to 321,730. This represents Bitcoin that has been tokenized in various forms, such as wBTC, renBTC, and tBTC, with roughly 1.69% of the BTC supply now living on Ethereum.
* OpenSea Sales increased 50,078% from $71.57 million in $35.91 billion. This tracks the sales volume of the network's largest NFT marketplace.
* Layer 2 TVL increased 11,002% from $50.01 million to $5.55 billion. This measures the amount of value bridged from Etheruem into L2 scaling solutions such as Optimistic and ZK Rollups.
Ecosystem Highlights
Metaverse Mayhem
Partially overshadowed by the frenzy surrounding crypto-native projects, traditional companies, such as Microsoft, also announced their intention to foray into the metaverse. This sets the stage for an eventual showdown between the centrally planned and controlled metaverses of Web2, and the open, user-owned ones within Web3.
Rise of DeFi 2.0
Q4 was defined in part by an explosion in awareness and speculation surrounding the metaverse.
Catalyzed by Facebook’s announcement of their rebranding to “Meta” in October 2021, Q4 saw a parabolic rise in the prices of metaverse-related assets. This includes tokens used to govern and transact within virtual worlds, such as Decentraland (MANA) and The Sandbox (SAND), which saw their tokens appreciate 337% and 635% respectively in Q4. In addition, both projects experienced record-breaking land sales within their worlds, including purchases of $2.43 million for the former and $4.3 million for the latter.
The MVI, a basket of metaverse tokens created by Index Coop ended the quarter up 88% from October 1st to December 31st, 2021, while peaking at 197% in late November.
Another primary theme of Q4 was the rise of “DeFi 2.0.”
A term used to broadly describe the next generation of protocols and primitives, many of these projects place an emphasis on increased capital efficiency, liquidity, and treasury management, and pursuing aggressive growth strategies by deploying onto multiple chains and layer 2s. Along with their increasingly innovative designs, many of these protocols are entirely grassroots, not raising any money from traditional venture capitalists within the space. These projects have pushed the envelope of token design to reduce emissions and drive demand for their native asset.
There are several notable examples of DeFi 2.0 stealing the spotlight in Q4. This includes the rise of Frog Nation, whose ecosystem of protocols has amassed more than $7 billion in TVL, Olympus DAO, whose treasury holds more than $203 million in risk-free value and saw the launch of numerous forks during an “OHM Fork SZN,” as well as the merger of Fei Protocol and Rari Capital into TribeDAO.
Future Outlook
FY 2022 is shaping up to be a pivotal year for Ethereum.
At the protocol layer, Ethereum is expected to undergo the most significant network upgrade in its history in the form of the “merge,” which is expected to go through in Q2/Q3. This will consist of Ethereum replacing its Proof-Of-Work (PoW) consensus mechanism with Proof-Of-Stake (PoS), which will enable the network to drastically reduce its energy consumption, as well as the issuance of ETH needed to secure the network. In addition, the merge will also pave the way for sharding, which will enable Ethereum to more easily scale and fulfill its ambition of becoming a modular blockchain.
Despite the merge, Ethereum will face some major headwinds this year. This comes primarily in the form of scaling, as gas fees have priced out all but the wealthiest of users, and stiff competition from other ecosystems such Solana, Terra, Cosmos, Avalanche, and Fantom. Ethereum is in desperate need of a solution of its own if it hopes to maintain and grow its market share into the future. Thankfully, help may be arriving in the form of L2s such as Optimism, Arbitrum, zkSync, and StarkNet.
With token launches and incentive programs likely on the horizon for each of these scaling solutions, there is a strong possibility Ethereum will be able to capitalize on that momentum and utilize this newfound capacity to fuel growth.
Results Table [ link below includes charts]
About Ethereum
Ethereum is an open-source, decentralized blockchain network. Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet (Taken from the Ethereum.org website.)
About This Release
This release is not a release of Ethereum or the Ethereum foundation.
Action steps
?? Investigate the data yourself with Token Terminal, Etherscan, & The Block
?? Read The State of Ethereum | Q3 2021
?? Check out the original First Quarter 2021 Results
Author Bio
Ben Giove is an analyst for Bankless. He’s the former President of Chapman Crypto and an analyst for the Blockchain Education Network (BEN) Crypto Fund, a student-managed crypto fund built on Set Protocol. He’s also a proud member of the Bankless DAO and methodologist behind the GMI index.
https://newsletter.banklesshq.com/p/state-of-ethereum-q4-report
ETH-USD I'm BULLISH:
Ethereum futures and options data reflects traders’ mixed emotions on $3.2K ETH price
https://cointelegraph.com/news/ethereum-futures-and-options-data-reflects-traders-mixed-emotions-on-3-2k-eth-price via @cointelegraph
Vitalik Buterin gives thumbs down to cross-chain applications
Ethereum's co-founder cites "fundamental security limits of bridges" as the key reason for his disapproval.
ZHIYUAN SUN
JAN 07, 2022
In a Reddit post on Friday, Vitalik Buterin, the co-founder of Ethereum (ETH), outlined critical security concerns surrounding cross-chain bridges in the blockchain ecosystem. As told by Buterin, storing native assets directly-chain (Ethereum on Ethereum, Solana on Solana, etc.) provides a certain degree of immunity against 51% attacks. Even if hackers manage to censor or reverse transactions, they cannot propose blocks to take away one's crypto.
The rule also applies to the Ethereum application. For example, if hackers launch a 51% attack (by controlling 51% of all circulating ETH supply) while an investor swaps 100 ETH for 320,000 DAI stablecoin, the end state remains invariant, i.e., the investor would always get either 100 ETH or 320,000 DAI.
However, Buterin continued, that the same level of security does not apply to cross-chain bridges. In the example he raised, if an attacker deposited their own ETH onto a Solana (SOL) bridge to obtain Solana-wrapped Ether (WETH) and then reverted that transaction on the Ethereum side as soon as the Solana side confirmed it, it would incur devastating losses on other users whose tokens are locked in the SOL-WETH contract, as the wrapped tokens are no longer backed by the original on a 1:1 ratio.
Buterin further outlined how the security exploit could scale negatively as more bridges are added into a cross-chain network. In a theoretical network comprising 100 chains, the high level of interdepency and overlapping derivatives would mean that a 51% attack on one chain, especially a small-cap one, can cause a system-wide contagion. According to Crypto 51, it costs as much as $1.78 million an hour for hackers to mount a 51% attack vector against the Ethereum network. However, the cost drops to as little as $13,846 per hour for blockchains such as Bitcoin Cash.
https://cointelegraph.com/news/vitalik-buterin-gives-thumbs-down-to-cross-chain-applications
Ok thanks! Will add some too… Cheers
Hey, just bought 43BB of these on the xrp ledger too. (xrshib) 8 zeros
I bought Ethereum in 2017 and have posted here occasionally since then. I've recently started Ethereum liquidity mining, and the returns are huge. Think 1% return every day with compounding daily, and the numbers can get very large in a span of 6 months (think turning $5,000 into $50,000 in 6 months). If anyone is interested, just e-mail me at YankeMike@aol.com and I can send you more info with steps how to join if you like what you read.
I'm anticipating another Sunday rout and dip.
Hoping 3 will hold.
I think we stabilize next week.
Vitalik proposes new ‘multidimensional’ Ethereum fee structure
January 06 2022 - 10:41PM
Cointelegraph
MARTIN YOUNG
1 HOUR AGO
Calculating different gas prices for different resource usage may streamline the current fee structure for Ethereum according to Buterin.
Ethereum co-founder Vitalik Buterin has put his thinking cap on again in an attempt to improve the current fee structure for the network.
The proposal titled “Multidimensional EIP-1559” was laid out in a blog post on Jan. 5 in which Buterin noted that different resources in the Ethereum Virtual Machine (EVM) have different demands in terms of gas usage.
He added that there are different limits for short-term “burst” capacity as opposed to “sustained” capacity within the EVM citing examples of block data storage, witness data storage, and block state size changes.
“The scheme we have today, where all resources are combined together into a single multidimensional resource ('gas'), does a poor job at handling these differences.”
The problem is that channeling all the different resources into a single one leads to “very sub-optimal gas costs” when these limits are misaligned, he added.
Buterin outlined his fairly complicated proposed changes with a lot of technical math, but in a nutshell, the proposal offered two potential solutions using “multidimensional” pricing.
The first option would calculate the gas cost for resources such as call data and storage by dividing the base fee for each unit of resource by the total base fee. The base fee is a fixed-per-block network fee included in the EIP-1559 algorithm.
The second more complex option sets a base fee for using resources but includes burst limits on each resource. There would also be “priority fees” which are set as a percentage and calculated by multiplying the percentage by the base fee.
He stated that the drawback to the multidimensional fee structure is that “block builders would not be able to simply accept transactions in high-to-low order of fee-per-gas.” They would have to balance the dimensions and solve additional mathematical problems.
It remains to be seen whether the proposal will be passed since the priority at the moment is the next big upgrade. The Ethereum network is currently gearing up for “the merge” which will dock the Ethereum blockchain with the Beacon Chain and effectively end Proof-of-Work. Testing is already occurring on the Kintsugi testnet and full deployment is expected in the first quarter of this year.
EIP-1559 was deployed in August as part of the London upgrade to burn a portion of the transaction fees in order to make gas pricing more predictable. Since it went live, 1.36 million ETH worth approximately $4.7 billion at current prices has been destroyed according to the burn tracker.
https://cointelegraph.com/news/vitalik-proposes-new-multidimensional-ethereum-fee-structure
Doesn't matter.
Peep need to see the big picture here.
Lots of potentials with all the coins and tokens. (So they say)
But where would the real money be with out the news or adds. Who and how much is being made just on every key that is hit! / Best of luck all.
These are the 6 hottest crypto tokens you can use to buy real estate in the metaverse - $ETH $ETHE MANA @Decentraland ENJ Premium Silver & GOLD Bulls http://markets.businessinsider.com/news/12
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
Looks like we’re gonna test 3k before moving back up and beyond 5k
Smoke Em All! HaHaHaHa
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
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/
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/
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.
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
Don't say that!
Im still making em.
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
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
Yes, I think a trading range of $5,000 to $8,000 in 2022.
Back to business. 4500 by year end, 5k in early 2022.
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
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
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.
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
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