Ethereum Financial News

Shibarium, a newly launched Ethereum layer-2 scaling blockchain, recently encountered unforeseen technical challenges due to a sudden surge in user activity. Shytoshi Kusama, a prominent figure in the Shiba Inu ($SHIB) ecosystem, shed light on the situation, explaining  that Shibarium was swamped with an immense volume of traffic, quantified in «compute units,» shortly after its introduction.

The Dogecoin price has gained by 2% in the past 24 hours, rising to $0.066622 after Robinhood added DOGE support to its custodial cryptocurrency wallet.

Arkham Intelligence has revealed that a wallet belonging to Robinhood holds more than $2.5 billion worth of Ethereum (ETH).

Ethereum Classic (ETC) has tumbled -7% in a dramatic rejection from severe resistance around the 20DMA, but as network activity slows - is Ethereum Classic going to zero?

Hashkey Capital will invest a significant part of its assets in second-tier cryptocurrencies, with a goal of outperforming market leader Bitcoin, its portfolio manager said. The fund, run by the investment arm of Hong Kong crypto giant Hashkey Group, launches on Friday. It has already secured potential clients, mainly high-net-worth individuals and investment firms serving rich Asian families, Jupiter Zheng told Reuters. Less than 50% of its investments will be in Bitcoin and Ethereum, the two biggest crypto currencies.

Bitcoin maintained a trading level of $27,280 on Thursday, experiencing a slight decrease of less than 1%. The market's momentum shifted due to a favorable judgment in Grayscale Investments' Bitcoin ETF lawsuit against the US Securities and Exchange Commission (SEC). 

Bitcoin (BTC) has broken its downward trend and surged above the $27,000 mark, marking an impressive comeback after two weeks. However, this surge can be attributed to a legal victory for Grayscale in the United States. 

A United States District Court judge has called Ether (ETH) a commodity in her dismissal of a class action lawsuit against the decentralized exchange Uniswap.

Bitcoin (BTC) led the cryptocurrency markets higher on Aug. 29 following Grayscale’s victory in the lawsuit against the United States Securities and Exchange Commission. However, the rally could not be sustained as analysts cautioned that the victory did not guarantee the approval of a spot Bitcoin exchange-traded fund.

In a stunning display, DEX token PigLido has skyrocketed a mind-blowing +30,000% in just 24-hours, and with a second-leg seemingly underway - how high could this moon-shot go?

cryptocurrency markets were trading higher in Wednesday's trade. Bitcoin (BTC) rose 5.5% to $27,450, whereas Ethereum (ETH) was above the 1,700 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.09 trillion, rising 4.22% in the last 24 hours. «Bitcoin neared two-week highs as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators. The markets reacted instantly, gaining $1,700 in around 30 minutes,» said CoinDCX Research Team. «A ruling by the United States Court stated that the U.S. The Securities and Exchange Commission (SEC) was wrong to reject an application by Grayscale to launch an exchange-traded fund (ETF) using the Bitcoin spot price as its basis,» CoinDCX Research Team added.

Hong Kong retail cryptocurrency traders now have access to a locally based cryptocurrency exchange after HashKey took its retail trading services live to users in China’s special administrative region on Aug. 28.

By Lisa Pauline Mattackal

Circle’s United States dollar stablecoin, USDC, will launch natively on the Base network “next week,” according to an Aug. 29 social media post from CEO Jeremy Allaire. The new version will replace the current US Dollar Base Coin (USDbC) that most users rely on as a substitute.

A trio of researchers from the University of Cincinnati recently developed a crypto literacy scale (CLS) to help standardize and measure economic and financial knowledge as it relates to consumer and policymaker understanding of cryptocurrencies and related technology.

Blockchain security firm OpenZeppelin has announced the launch of its Defender 2.0, a security upgrade for numerous blockchain applications.

"I'm pretty disappointed with the way Ethereum has gone since its launch," said Vinay Gupta, founder of Mattereum and former coordinator of Ethereum's initial release, during Cointelegraph's AMA session. "The idea was that we could use blockchain to govern infrastructure in the real world. There was this idea that we could tokenize real-world assets and get these new efficient economies, just better use of capital globally to provide people with bare goods, bare services with less waste and inefficiency. But that didn't happen."

Ethereum is the second-largest cryptocurrency by market capitalization and the most popular platform for decentralized applications (DApps) and smart contracts. Ethereum has been undergoing a major upgrade called Ethereum 2.0, which aims to improve its scalability, security and efficiency. Ethereum 2.0 introduces a new consensus mechanism called proof-of-stake (PoS), which rewards users for staking their ETH tokens and validating transactions on the network.

The Shiba Inu price has risen by more than 2% today, with its jump to $0.00000811 coming as the cryptocurrency market as a whole inches up by 0.4% in the past 24 hours.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Crypto’s newest decentralized social media (DeSo) app friend.tech has been met with intense criticism over a decision to punish users who opt in to forks or copycat versions of its tokenized social media platform.