OpenSea’s Ethereum Gas Usage Has Declined to Almost Zero
CryptoSlate’s analysis of gas consumption on the Ethereum (<a href="https://cryptoslate.com/coins/ethereum/">ETH</a>) network based on transactions interacting with non-fungible tokens contracts showed that OpenSea’s gas usage has declined to almost zero.
Ethereum Price Sets Stage For Bullish Rally Towards $1,350
Ethereum price is showing more strength as it sets the stage for a bullish momentum in the upcoming days. Despite Federal Reserve Chair <a href="https://coingape.com/powell-speech-at-brookings-economic-outlook-inflation-crypto/" target="_blank">Jerome Powell pointing to slower rate hikes</a> starting from December, <a href="https://coingape.com/over-10k-bitcoin-btc-moved-to-crypto-exchange-are-miners-selling/" target="_blank">Bitcoin price remains under pressure</a> as compared to Ethereum due to miners capitulation. Several factors now indicate that Ethereum (ETH) price could rally to $1,350 and possibly to $1,550.
Research: Analysis of Crypto Transaction Fees Suggests Exchanges Prefer to Move in Bitcoin
On-chain data provided by Glassnode and analyzed by CryptoSlate showed an erratic history for fees earned by exchanges on Bitcoin transactions.
Russia’s Largest Bank Integrates Ethereum and MetaMask on its Crypto Issuance Platform
Russia’s largest bank, Sberbank, has added support for Ethereum and EVM-compatible self-custodial wallet MetaMask on its digital asset issuance platform.
CFTC Chair Changes His Mind About Ethereum Being a Commodity
Rostin Benham – chairman of the Commodities and Futures Trading Commission (CFTC) – has walked back previous claims that Ether (ETH) and other altcoins should fall under his agency’s jurisdiction.
Ethereum Price Prediction as ETH Shoots Up 6.5% in 7 Days – How High Can it Go?
ETH, the cryptocurrency that powers the Ethereum blockchain, was last changing hands around $1,275, up around 6.5% in the last seven days according to CoinMarketCap. The cryptocurrency gained 6.5% alone on Wednesday as traditional risk assets like US equities rallied in wake of a more dovish-than-expected message from the chairman of the US Federal Reserve Jerome Powell on the prospect for further rate hikes in the coming months. Price predictions have become increasingly bullish in wake of the latest move higher.
Demand for Liquid Ethereum Staking Options Continues To Grow Post-Merge
Blockchain data analytics carried out by Nansen highlights the ever-growing amount of Ether (ETH) being staked across various staking solutions in the months following Ethereum’s shift to proof-of-stake (PoS) consensus.
Breaking: CFTC Chair Behnam Shifts Stance, Says Only Bitcoin Is a Commodity, Not Ethereum
The U.S. Commodity Futures Trading Commission (CFTC) has been publicly advocating for quite some time that both Bitcoin and Ethereum (ETH) are commodities. However, that regulatory assessment appears to have changed radically yesterday.
Chainlink Prepares to Launch Staking on Ethereum, LINK Keeps Climbing
Blockchain oracle provider Chainlink is preparing to launch staking on the Ethereum network. It is part of a long-term sustainable economic program for the blockchain network.
Korea Crypto Bank Delio Launches Staking Service for Ethereum 2.0 and Five Other Digital Assets
South Korea’s leading crypto bank Delio (CEO James Jung) announced a staking service launch for five digital assets such as Solana (SOL), Polkadot (DOT), Tezos (XTZ), Cardano (ADA), and Kusama (KSM).
