Ethereum Financial News

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The Ethereum price has dropped to $1,886 today, making for a 1.5% fall in the past 24 hours as the cryptocurrency market as a whole also dips slightly.

Temenos has moved to prove its readiness to help banks, ensuring integration of its platform with multiple DLT-based technology stacks, successfully executing end-to-end retail CBDC use cases for commercial bank touch points. This includes central bank token issuance to commercial bank wallets, customer non-custodial wallet creation, CBDC conversion through orchestration of deposit account updates with on-chain transactions, and providing wallet access points for user-to-user transfers on-chain.First, it has worked with R3, which has seen its Corda private, permissioned distributed application platform tapped for a number of central bank and BIS CBDC projects globally.Secondly, Temenos used Hyperledger Besu, an opensource Ethereum client, run as a multi-node private, permissioned network, combined with a modified version of the Norgesbank CBDC sandbox, published by the Norwegian central bank.

The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments and shares, taking this data off the Polygon network and thereby increasing scalability for Lens, according to an April 26 announcement viewed by Cointelegraph.

Ethereum—the second-largest cryptocurrency by market capitalization—has recently weathered a three-day breakdown from April 19 to 21, leaving market watchers on edge.

The Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has been at the forefront of the United States' cryptocurrency crackdown. In the last few months, the agency has filed several enforcement actions against major crypto companies that allegedly violated security laws.

Binance.​US users will soon be able to set up decentralized domains that will serve as digital identities across the Web3 ecosystem through a new partnership with Unstoppable Domains.

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Web3 development is an exciting field that is rapidly gaining popularity, thanks to the increasing adoption of blockchain technology. If you’re interested in learning about Web3 development, YouTube is an excellent resource to turn to. In this article, we’ll highlight five of the top YouTube channels that one can use to learn about Web3 development.

Web3 has the potential to drive an equitable and decentralized internet. It can also drive exponential business models and unlock new revenue streams for enterprises. While Web3 is gaining adoption and scaling in enterprises, its productization at scale has several barriers. Many enterprises view Web3 as a nuance they must come to terms with, while others view it as innovative and disruptive. Layer-1 blockchains consider it a solution to everything in the world and the media considers it a hype of a lifetime.

Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement. Previously, Avalanche users who held USDC on Ethereum had to deposit their coins with a Circle partner or use a third-party bridge to transfer their USDC from one network to the other. The new Cross-Chain Transfer Protocol (CCTP) protocol appears to do away with this need for USDC bridges.

The highly anticipated AiDoge project launched its presale yesterday, with the AI-powered meme-generating platform raising more than $100,000 within its first 24 hours.

Bitcoin (BTC), the most popular cryptocurrency in the world, has recently halted its downward trend and gained momentum by surpassing the $28,000 mark. BTC surged by more than 4% and is currently trading at $28,438.

Santiment, a cryptocurrency analytics platform, is telling Bitcoin (BTC) enthusiasts to exercise caution as several on-chain metrics for the digital asset raise concerns.

In a record week for Ethereum staking, investors moved over 570,000 Ether (ETH) tokens into the blockchain’s staking smart contract last week, according to a Dune analytics dashboard.

MetaMask, the popular Ethereum wallet, recently experienced a cybersecurity incident that exposed the email addresses of some of its users who submitted a customer support ticket between August 1, 2021, and February 10, 2023. Parent company ConsenSys released a blog post on April 14, 2023, which disclosed the details of the incident.

Ethereum layer 2 networks, including Optimism, Arbitrum, and Polygon, saw a surge in popularity in Q1 2023, according to a report from Web3 development platform Alchemy. The report, titled «Web3 Development Report,» cites data from Dune Analytics and shows that Ethereum users bridged over $635,000 worth of crypto assets to these networks from January to March, a significant increase of 44% over the fourth quarter of 2022 and 518% over the first quarter of 2022.

Tuesday April 25th, 2023 – The meme coin everyone is talking about, Love Hate Inu, has raised $6.8 million in its presale in the space of just seven weeks. 

In today’s Market Report episode, analyst and writer Marcel Pechman covers the potential triggers to move Bitcoin’s price away from $27,000, including the United State Federal Reserve meeting on May 3. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.

Tuesday April 25th 2023 – Lucky Block Casino and Sportsbook has fully integrated LBLOCK crypto into its acclaimed gaming platform.