Ethereum (ETH)

Leading decentralized exchange (DEX) Uniswap v3 will be deploying on Ethereum’s layer 2 protocol Boba Network following a successful governance vote from the Uniswap community. The proposal was earlier submitted by the Boba Foundation and FranklinDAO with backers including GFX Labs, Blockchain at Michigan, Gauntlet, and ConsenSys. 51.01M Voted Yes on the Proposal In a press release shared with CryptoPotato, the community overwhelmingly voted in favor of the proposal, with...

StarkWare – a company focused on Ethereum scaling – will open-source its Zero-Knowledge (ZK) software. StarkWare announced today that it plans to open-source its STARK Prover – the engine that’s designed to generate cryptographic proofs that compress hundreds of thousands of transactions for submission to Ethereum in fewer kilobytes than a smartphone photograph. This is also the technology that powers Starknet and StarkEx – solutions that have reportedly scaled more...

As Ethereum exits its recent consolidation range and aims for the next significant resistance level, the price action leans positive. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has been consolidating in a tight range over several weeks. However, it finally seems that a bullish continuation is the most probable scenario. In this case, the $1800 resistance level and the higher boundary of the large symmetrical triangle could finally be tested in...

2022 was not a great year for decentralized finance (DeFi). The industry saw implosion in itself thanks to the unsustainable high yields that eventually caused the model to collapse. But DeFi is far from dead. A similar sentiment was echoed by prominent Web3 developer Andre Cronje, who said he does not believe that high yields are “long gone” and that DeFi is seeing almost “zero growth.” DeFi Will Still Simply be DeFi At present, the real yields for ETH, USDT, DAI, and USDC...

Blockchain security firm PeckShield has disclosed a series of transfers from three addresses, including one from crypto exchange Bitfinex to Alameda Research’s consolidation wallet. According to Etherscan, the address labeled “Alameda Consolidation” received $13 million worth of crypto assets from three different wallets. The first belongs to the leading crypto exchange Bitfinex. It transferred approximately 6 million USDT and 1,545 ether (ETH), amounting to roughly $8.5...

Orion Protocol – a liquidity aggregator for both CeFi and DeFi exchanges – saw its core contract hacked on Thursday across both its Ethereum and Binance Smart Chains (BSC) deployments.  The hacker netted over 1700 ETH, cumulatively worth over $3 million at writing time.  Another Reentrancy Hack As explained by the blockchain security company PeckShield on Twitter, Thursday’s hack was made possible “due to incomplete reentrancy protection.” A reentrancy bug refers to when an...

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Fantom. Ethereum (ETH) Ethereum, the second-largest cryptocurrency, continued to consolidate this week. The price only registered a 2.9% increase. This is because ETH is stuck in a channel between $1,670 and $1,550.  All attempts to break these levels were rejected in the past two weeks. While some altcoins were booking double digits gains (see Fantom below), Ethereum appears to be on a pause. This...

OP – the governance token of Ethereum layer 2 scaling solution Optimism – surged by more than 30% over the past 24 hours from $2.23 to $2.92, hitting a fresh all-time high. The price action comes after Optimism Foundation released a proposal regarding upgrading the Optimism mainnet to Bedrock. The proposal stated that the upgrade seeks to provide a “new level of modularity, simplicity, and Ethereum equivalence for Layer 2 solutions, providing unprecedented performance and...

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Litecoin started a strong increase above $95 against the US Dollar. LTC price is now trading above $92 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $92 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains above the $105 and $110 resistance levels. Litecoin price is rising steadily above $90 against the US Dollar, similar to bitcoin. LTC price could...