Exactly Protocol Raises $2 Million in Funding and Launches on Ethereum Mainnet With Fixed and Variable Interest Rates To Complete the DeFi Credit Market
Exactly Protocol is thrilled to announce its official launch on the Ethereum Mainnet, marking a significant milestone for the protocol. The team is proud to report that it has raised $5 million since its founding last year, with the latest funding round bringing in an additional $2 million.
Brazil’s CBDC To Be Built on Blockchain Inspired by Ethereum Network
Fabio Araujo, director of the Central Bank of Brazil and leader of the Digital Brazilian Real project (Brazil’s CBDC version), said that the new payment system will have its own blockchain, whose design is inspired by the Ethereum network.
Shanghai Upgrade Sparks Anticipation in the Liquid
The Shanghai upgrade for Ethereum, set to launch in March, is causing excitement in the crypto community for its potential impact on liquid staking derivatives (LSDs).
Ethereum Hits 500,000 Validator Milestone
Ethereum has reached another milestone as the number of validators on its network now exceeds 500,000, data from BeaconScan shows. Validators are essential in guaranteeing the integrity and security of the Ethereum network. They operate by consensus to process transactions on the blockchain by verifying that the conditions specified in each transaction’s smart contract code have been met. A validator must deposit 32 ETH (roughly $45,000) to run a dedicated staking node on the proof-of-stake blockchain. Today, staked funds are locked in the network, and while they accrue staking rewards from Ethereum’s inflation, validators are unable to access the funds until after the Shanghai upgrade, expected to happen in March, which will allow withdrawals of staked ether for the first time. (Blockworks)
Holograph Now Live on Polygon, Avalanche, & Ethereum Mainnets
Holograph recently tweeted about going live on Avalanche, Polygon, and Ethereum mainnets. The platform makes developing multichain digital assets 10 times quicker, quicker, and easier.
Gitcoin Announces Gitcoin Alpha Round That Supports 3 Rounds & $1M Total Matching Pool
Gitcoin has announced Gitcoin Alpha Round with categories, namely Ethereum Infrastructure, Open Source, and Climate Solutions. The aim of the Quadratic Funding round is to support 200 grantees with a matching pool of $1 million. It will commence on January 17, 2023, and end on January 31, 2023.
Number of Staked ETH Passes 16M
Almost four months after Ethereum’s successful shift to a proof-of-stake network, the second-biggest blockchain by market cap has passed another major milestone. More than 16 million ether (ETH) have been deposited into Ethereum’s Beacon Chain staking contract, data from Etherscan shows.
Markets: Bitcoin, Ether Continue Run up Ahead of U.S. Inflation Report; Avalanche Surges
Bitcoin and Ether prices rose in Thursday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, continuing almost a week’s run of price gains on signs of slower inflation in the U.S. The December Consumer Price Index (CPI) will be released Thursday in the U.S., a key inflation indicator for the Federal Reserve’s interest rate policy. XRP posted the largest gains following developments in the U.S. Securities and Exchange Commission’s lawsuit against Ripple Labs, Inc., whose payment network runs on XRP. (forkast)
What Is the Best Ethereum Scaling Solution? Part 3: Sidechains
This is part three of a multi-part series exploring Ethereum scaling solutions. In this piece, we will explore sidechains.
Ethereum’s Dominance on the Rise: Market Share Increases by 3% Among Global Crypto Assets
Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating.
