Next Stop Shanghai — Ethereum’s Latest Milestone Approaches
The Ethereum ecosystem will continue its ongoing metamorphosis as the highly anticipated Shanghai upgrade draws near. The latest preeminent smart contract blockchain protocol improvement will activate Ether (ETH) withdrawals from Ethereum’s Beacon Chain.
These Cryptocurrencies Should be in your Portfolio
The cryptocurrency landscape is in a constant state of rapid development.
ETH Tumbles By 7% As Crypto Market Crashes
The market is trading in red today as Bitcoin, and Altcoins including Ethereum see a tremendous decline. As of writing, Bitcoin price has decreased by 8.11% in the last 24 hours.
Justin Sun Withdrawn $60 Million in Ethereum Stablecoins From Huobi to Aave
Justin Sun said the transfer is just normal practice of fund deployment.
Ethereum’s NFT Gas Usage Heads Towards a Two-Year Low As Inscription Demand Takes Over
Current gas usage for NFTs on Ethereum is roughly 20%, a new low for 2023 but just above the low of 16% in November. This is partly due to the growth of Inscriptions and Ordinals in the Bitcoin ecosystem, which we expect to continue as a long-term trend. DeFi is also at two-year lows, using less than 8% of the current gas usage. Inscriptions are one of the main stories for 2023, which has surpassed 350,000 inscriptions year-to-date.
NYAG Alleges Ethereum Is a Security in Lawsuit Against KuCoin
New York Attorney General Letitia James has sued cryptocurrency exchange KuCoin for selling both commodities and securities on its platform without necessary registration.
Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain
According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform elected for the tests, will allow the project to run without any licensing costs and to deal with maintenance costs later, if the platform is definitely chosen.
Web3 Communication Platforms: Their Emergence and Use Case In The Metaverse
There are good reasons to believe that the metaverse is the future, and Web3 communication platforms will be a valuable asset in the ecosystem.
CFTC Chair Calls Ethereum a Commodity, in Contrast to SEC Chair Gensler’s Position
Chairman of the Commodities and Futures Trading Commission (CFTC) Rostin Behnam has called Ethereum a commodity and not a security, in apparent contrast to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler who has consistently argued that every cryptocurrency other than Bitcoin falls under securities laws.
Smart Contract Platforms
Smart contract platforms are decentralized digital platforms that provide a layer for deploying blockchain-based decentralized applications.
