These transfers have occurred across the three wallets associated with the Poly Network hacker across the Ethereum (ETH), Binance Smart Chain, and Polygon networks. Poly Network confirmed receipt of the returned funds via a tweet issued on Tuesday. Details from Etherscan show $2 million worth of Shiba Inu (SHIB) and $616,000 in Fei USD (FEI)
Ethereum
The latest craze to resurface in the effervescent nonfungible token (NFT) scene is a collection of digital pet rocks from 2017 dubbed EtherRocks. On August 8, a single EtherRock sold for a whopping 45 ETH — worth roughly $135,240 at the time. EtherRock #21 purchased for Ξ45 Ether ($135,240.03) 30 mins ago (Aug-08-2021 05:17:15 PM
The theoretical deflationary properties of Ethereum’s London upgrade last week have already been seen in action on the blockchain with almost 800 “deflationary blocks” produced. A spike in the Ethereum transaction fee burn rate has resulted in at least two hours when the supply was deflationary. The network has come under heavy load over the
Fenerbahçe S.K., one of the three biggest sports clubs in Turkey, issued its own fan token on the Ethereum blockchain through a new partnership with the local crypto exchange Paribu. The initial presale of 500,000 unlocked tokens was completed on Aug. 9, netting the club 15 million lira ($1.75 million) in 30 seconds. The club
Canadian entrepreneur, investor, and reality television personality, Kevin O’Leary — also known as “Mr. Wonderful” — appears to now be singing Ethereum’s praises as a deflationary asset. Clearly reading from a script, O’Leary took to Cameo — a website that allows users to purchase personalized video messages from celebrities — to espouse the benefits of
Bitcoin’s (BTC) rally above $45,000 suggests that the short-term sentiment has turned positive and this has increased buying interest across the board and pushed the total crypto market capitalization above $1.8 trillion. Driven by the tailwind of the London hard fork, Ether (ETH) broke above the $3,000 mark on Aug. 7. While the rally in
Ethereum’s native asset Ether (ETH) crossed above $3,000 in an extended upside rally on Aug. 7, hitting a three-month high. Nevertheless, the cryptocurrency’s incredible move upside also boosted its possibilities of facing a bearish backlash. An on-chain indicator that tracks the total percent of Ethereum addresses in profits predicted the said downside outlook. In detail,
Approximately 2.3 ETH is being burnt every minute through the new transaction fee mechanism introduced in Ethereum’s London upgrade on August 5. The highly anticipated London hard fork went live on Wednesday this week, ushering in the EIP-1559 upgrade that adjusted gas fees. Part of that adjustment introduced a mechanism that burns some of the
Ethereum underwent an upgrade on Thursday, bringing with it a number of alterations to the network’s blockchain. CEO and founder of MyEtherWallet, Kosala Hemchandra, pointed toward two changes of particular importance. “The London upgrade adds around 5 changes to the current Ethereum network; however, I believe that only 2 of them are crucial to day-to-day users,” Hemchandra
Bitcoin (BTC) and Ether (ETH) are due a “huge” move but short-term signals suggest a correction, an analyst warned Aug. 6. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buy into resistance? “Not interested” Data from Cointelegraph Markets Pro and TradingView showed both BTC/USD and ETH/USD acting near critical range resistance as the week drew to a
Ethereum co-founder Vitalik Buterin has hailed the London hard fork a success adding that it has given him more confidence over the upcoming merge to the Eth 2.0 chain. Speaking to Bloomberg News from Singapore, Buterin said that EIP-1559 is “definitely the most important part of London.” The upgrade, which went live around 15 hours
Ethereum’s Ether token (ETH) enjoyed a “massive” rebound towards $3,000 on Aug. 5 as optimism flowed in after its London hard fork went live. ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed ETH/USD climbing swiftly to local highs of $2,820 on Bitstamp Thursday. The sudden burst of enthusiasm countered
Christie’s upscale building located in New York City’s Rockefeller Center, Midtown Manhattan. The organizers were exhibiting a 3D frame, which allows a hologram of oneself to be remotely projected elsewhere, and discussing how animated interactive collectible cards will change over time based on the real-life performance of the displayed athletes. Galaxy Digital CEO Mike Novogratz,
Bitcoin (BTC) headed lower on Aug. 5 after an attempt to reclaim $40,000 failed to garner buyer support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Accumulation recalls October 2020 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to local lows of $38,700 on Bitstamp, down around 1.5% in several hours. The largest cryptocurrency had
Ethereum advocates are bubbling with anticipation over the upcoming London hardfork which is scheduled to take place at block height 12,965,000 on Aug. 5. Data from Cointelegraph Markets Pro and TradingView shows that the price of Ether rallied from a low at $2,450 in the early hours on August 4 to an intraday high at
The developer and co-founder of Ethereum recently urged the community to innovate beyond decentralized finance. He made these statements during a conference that took place in Paris. According to Buterin, non-financial utilities are part of the vision general-purpose blockchains such as Ethereum aims to offer. But he is somewhat disappointed that the ETH blockchain is