I have some family members and friends that want to get into crypto (BTC or ETH) but want no part of self custody. They don’t trust themselves to keep their keys safe and worry that they’d permanently lose access to their crypto. They’d rather just buy it on an exchange and keep it there no…
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NFT marketplace Magic Eden believes that lowering the costs in NFT production creates an “easy access point” for new users to try NFTs.
It really strikes me as odd. Most of us view crypto as a legit investment to make money. However, I think the space and the way the things are handled is unfair. Many scams have been coming out, exchanges collapsing, rugpulls, etc. Majority of the bad actors didnt get punished, probably because of their connections.…
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I’ve tried to look for a firm estimate of how much Reddit Karma in total has been awarded so far without much luck. My 500 billion rough estimate is based an average of 980 Karma per Reddit user multiplied by active monthly users (980 X 430 million). To account for “one and done” Reddit users…
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I know it sounds like a cliché, but it's the truth. Let's ask it this way, how many of you got into crypto at the height of the bull market and now the portfolio has been cut by at least 80%? Be honest. I guess quite a bit. And this is the problem…
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It has been a year since the Merge took place, and as expected, the world’s second largest cryptocurrency, Ethereum, has experienced many changes since then. What are some of them? Let’s take a look. Related Reading: Toncoin Shows Resiliency With 20% Climb – Will TON Hit $3 This Weekend? One Year In: How Has Ethereum Changed? According to a prominent figure in the Ethereum community, Sassal, 980,000 ETH have been burned since Ethereum transitioned from a proof-of-work (PoW) consensus to proof-of-stake (PoS). Ahead of the Merge, Ethereum had implemented a significant upgrade known as the London hard fork. This introduced a fee-burning mechanism with transaction base fees being burned immediately after a transaction is processed. This move was geared towards making Ether deflationary, considering that some tokens are removed permanently from circulation. Ethereum supply is down by 0.25% since the Merge took place. Furthermore, the Merge resulted in the network being secured by validators who stake their ETH as against Miners, who were the backbone of the network under the PoW consensus. In line with this, over 11.6 million ETH (since the Merge) has been staked to secure the network and also earn passive income in return. ETH market cap at $196 billion on the weekend chart: TradingView.com The top stakers include the staking platform Lido DAO which has a market share of 22.64%, according to data from Dune Analytics. Other top stakers include exchanges like Coinbase, Binance, and Kraken. Meanwhile, the number of validators on the network has significantly increased since the Merge, with 362,000 new validators joining the network. Down In Valuation But Not Value Ethereum’s price has increased by close to 11% from a year ago. However, many may consider this insignificant for a token that hit an all-time high of $4,891 the previous year. Nevertheless, there are positives to take from the Merge, as Ethereum has undoubtedly become more valuable since it occurred despite the current bear market woes. A crypto analyst noted that ETH’s annual inflation rate has decreased since the Merge, and trading activity on Ethereum’s layer-2 chains has also increased significantly. That would suggest that more people are being onboarded into the Ethereum ecosystem. Related Reading: Cardano Analysis: How Much Energy Do ADA Bulls Have To Hit $0.3 Milestone? According to him, Ethereum’s fundamentals are also at an all-time high, as there are factors that show that the ecosystem is stable and healthy. One of them happens to be the fact that traditional financial (TradFi) institutions are taking an interest in ETH. Cathie Wood’s ARK Invest recently filed to offer an Ethereum Spot ETF (a first of its kind). This is alongside other institutions that have filed to offer an Ethereum futures ETF (of which ARK Invest happens to be among them). Featured image from WAYA Media
Address poisoning attacks involve tracking, misusing or compromising cryptocurrency addresses.
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Brushfam founder Markian Ivanichok claimed that the Polkadot ecosystem “doesn’t care about users” and expressed frustration with the governance process.
