The Ether burning rates have now reached a new all-time high level. This comes amid the launch of Yuga Labs metaverse project known as “Otherside”. Yuga Labs is the team behind the Bored Ape Yacht Clu...
Category: Ethereum
Live Ethereum News Updates.
Web3 business disrupted Ethereum blockchain: users rushed to buy NFTs of virtual plots in Otherside
A total of 55,000 Otherdeeds were sold at a flat price of 305 ApeCoin, or around $5,800 at the time of purchase, raising approximately $320 million in the “biggest NFT mint in history.” Yuga Labs, the...
Ethereum price analysis: ETH reacts lower from $2,850, another push lower incoming?
Ethereum price analysis is bearish today as we have seen another clear lower high set and rejection for further upside at the $2,850 resistance. Therefore, ETH/USD is likely ready to drop even lower a...
BAYC Team Yuga Labs Raises $285M from ‘Otherside’, Spikes Ethereum Gas Fees
Yuga Labs’ Otherside NFT initiative sold out almost instantly, clogging the Ethereum network and resulting in several failed transactions. Yuga Labs recently debuted the sale of its Otherside digital ...
Bitcoin, Ethereum, XRP, and Cardano Daily Price Analyses – 2 May Morning Price Prediction
The performance of the global crypto market remains bullish, but it hasn’t been able to cross a specific threshold point. Its gains remained in a specific range, keeping it protected from the bearish ...
Ethereum, inflation rate down to 0.51%.
The first quarter of 2022 ended with an annualized ETH money supply inflation rate down from 1.10% to 0.51%. Bankless report, Ethereum inflation drops below 1% This is revealed in Bankless’ State of E...
Ethereum Holds Above $2,700 and Reaches Oversold Region
May 02, 2022 at 13:42 // Price The price of Ethereum (ETH) is in a downtrend as the largest altcoin has reached the low of $2,717. The price of Ether has a series of lower highs and lower lows. Ethere...
NEAR Protocol’s Rainbow Bridge Attacker Loses 2.5 ETH
On May 1, the NEAR Protocol Rainbow Bridge was attacked. The cross-chain bridge had temporarily been suspended for maintenance after detecting abnormal activities. In a detailed post, Alex Shevchenko,...
With The Wake Of Yuga Lab’s NFT Hype, Ethereum Burning Portal See Single Day Record High!
Ethereum’s burning protocol has hit a new all-time high (ATH) after the huge sale of tokenized land plots in Yuga Lab’s Otherside Metaverse project. According to WatchTheBurn, today’s Ethereum burn ra...
Yuga Labs Botches NFT Drop With Bad Code, Blames Ethereum
Key Takeaways Yuga Labs’ Otherdeeds NFT drop has cost minters $165 million in fees. Gas wars and unoptimized smart contract code resulted in minting costing upwards of $7,000. In response, Yuga ...
Hacker loses 2.5 ETH in failed hack 1
Near protocol escaped what would have been a massive hack after an hacker tried to breach the platform. The rampant nature of crypto hacks and scams has made life unbearable for most people as they ar...
Big Setups for Cardano, Chainlink and Fast-Rising Ethereum Rival Are Now Forming: Top Crypto Analyst
Widely followed crypto analyst Michaël van de Poppe says traders bullish on Cardano (ADA), Chainlink (LINK) and Near Protocol may be seeing prime opportunities soon. The analyst tells his 589,000 Twit...
Wikipedia Stops Accepting BTC, ETH, BCH Donations After 8 Years Wikipedia Stops Accepting BTC, ETH, BCH Donations after 8 Years
After a 3-month long debate among its community members, Wikimedia Foundation (WMF), the no-profit organization behind the online encyclopedia Wikipedia, has decided to stop accepting cryptocurrency d...
Price Analysis 5/1: BTC, ETH, BNB, SOL
The previous intraweek session was referred to as “unfruitful” as BTC and other cryptocurrencies failed to record any significant increases. The market closed almost the same way it opened, leading to...
Ethereum user spends $44,000 in gas fees to mint Bored Ape ‘Otherside’ NFTs
Ethereum’s scalability woes come under the spotlight once more following the release of the latest Bored Ape Yacht Club NFT collection. According to CNET, ‘Otherdeed’ NFT demand was so high that gas f...
BAYC’s Otherside NFT Drop Triggers ETH Burning Frenzy
Ethereum’s burning rate has increased to unprecedented levels, fueled by the highly-anticipated virtual land sale related to Yuga Labs’, the startup behind the Bored Ape Yacht Club (BAYC), Otherside m...
Cardano Might Be Less Than 75% Utilized Capacity of Ethereum: Report
According to data shared by Cardano blockchain insights, Cardano might be operating at 25% utilized capacity of Ethereum. The analogy goes thus: Cardano presently has over 100,000 transactions which, ...
ETH burning and gas prices surge, how will ETH’s value be shaped?
Ethereum ETH/USD is a community-run cryptocurrency project that powers thousands of decentralized applications (dApps). It is also the home for many non-fungible tokens (NFTs), as many creatives will ...
Ethereum Whales Have Accumulated $407,415,040 in ETH in Just 10 Days: Analytics Firm Santiment
Crypto insights firm Santiment says that deep-pocketed Ethereum investors have started aggressively accumulating ETH after four months of inactivity. The market intelligence firm says that whales hold...
Demand for Ethereum ENS domains skyrockets
Sales of Ethereum domains (ENS) on OpenSea are reported to have increased by almost 2,300% last week, with more and more users seeking highly coveted and rare three- and four-digit names, according to...
ETH’s burning protocol sets new single-day historical record, thanks to…
Ethereum, the world’s largest altcoin, followed a bearish path below the $2,850-pivot level. In fact, ETH even traded below the $2,800-support level amidst the wider correction within the market. It t...
Failed Attack on NEAR Protocol Rainbow Bridge Cost Attacker 2.5 ETH
The NEAR Protocol Rainbow Bridge was attacked on May 1. No funds have been stolen, and the attacker even lost some money, according to the CEO of Aurora Labs, Alex Shevchenko. Shevchenko added that ad...
ETH Network Q1 Revenue Grew 46% to $2.4 Billion, Token Inflation Rate Drops to 0.51% – Markets and Prices Bitcoin News
The revenues accrued by the Ethereum network rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022. Contributing to the growth in the network’s revenues were non-fungible toke...
Bitcoin, Ethereum, Solana Prices Rallied on Sunday
Bitcoin Analysis Bitcoin’s price received some bids during the day’s second 12HR candle and managed to close in green figures to finish the week’s final daily candle. BTC’s price finished Sunday’s da...
Ethereum burning spikes to new high on Yuga Labs’ NFT hype
The burning rate of Ethereum (ETH) has spiked to new all-time high (ATH) levels following the heavily anticipated sale of tokenized land plots in Yuga Labs’ upcoming Metaverse project the “Otherside.”...
Ethereum Gas Fees Spike to New Highs on Latest NFT Hype
There were many disgruntled Ethereum users over the weekend following a Yuga Labs nonfungible token (NFT) launch which caused gas prices to surge to new highs. Over the weekend, the firm behind the wi...
Buy Now And Get Rich With Ethereum (ETH), ApeCoin (APE), and Mushe (XMU)
It has been a rough week for crypto investors as the market continue to red and the price values are down. But here is why that can be positive: as the prices are down, you can now buy crypto for chea...
Ethereum Recovers But ETH Must Clear This Key Resistance
Ethereum started a recovery wave above the $2,800 level against the US Dollar. must clear the $2,850 resistance to continue higher in the near term. Ethereum started a decent recovery wave above the $...
Ethereum: Ponzi scheme or genuine opportunity? Users wary as gas fees skyrocket
The largest smart contract network Ethereum (ETH) is seeing an unmatched spike in inactivity. From institutional adoption to rising traction, and whatnot. Given the demand, Ethereum (ETH) network part...
Dubai Property Developer to Accept Bitcoin and Ethereum Payments
Major Dubai-based real estate developer Damac Properties has revealed that it would receive payment for property in cryptocurrency. Buy Property With Bitcoin and Ether According to Khaleej Times, Dama...