Ethereum layer-2 on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than mainnet Ethereum.

Layer-2 networks Arbitrum and Optimism have seen an increase in transactions over the past three months. Comparatively, aside from a few spikes, transactions on the Ethereum network have declined by around . . . → Read More: Optimism and Arbitrum flip Ethereum in combined transaction volume

The average crypto investor probably isn’t planning on dying of old age anytime soon, but that doesn’t mean they shouldn’t have a plan in place to pass on their crypto in the event they meet an unlikely demise, lawyers warn.

Speaking to Cointelegraph, Dubai-based crypto lawyer Irina Heaver believes that “billions” worth of Bitcoin . . . → Read More: Death and self-custody: How to pass on your crypto when you die

Toronto embraced digital assets sooner than most and is home to more crypto projects than anywhere else in Canada.

Contents

OverviewCrypto culture in TorontoWhere can I spend crypto in Toronto?Crypto projects and companies in TorontoToronto’s crypto controversiesToronto crypto education and communityNotable crypto figures from Toronto

Overview

The city lies at the center of . . . → Read More: Your guide to crypto in Toronto: Crypto City

Flare, a new layer-1 Ethereum Virtual Machine blockchain platform, has gone live with the launch of two core protocols aimed at powering decentralized interoperability applications.

The platform serves as an oracle network that allows developers to build applications that are aimed at being interoperable with different blockchains and internet platforms and services.

Flare . . . → Read More: Layer 1 EVM oracle platform Flare launches to boost interoperable DApps

Ethereum’s native token, Ether (ETH), rose to three-week highs, rallying in lockstep with the broader cryptocurrency market, as well as stocks. 

ETH price rises to three-week highs

On Jan. 9, ETH’s price rose 2.85% to cross above $1,325 for the first time in three weeks, a key level that could pave the coin’s path toward . . . → Read More: Why is Ethereum (ETH) price up today?

The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and Uniswap turned Ether (ETH) and Bitcoin (BTC) into yield-bearing assets via yield farming and liquidity mining rewards. The price of Ether nearly doubled to $490 as the total liquidity across DeFi protocols quickly surged to $10 billion.

Toward . . . → Read More: Ethereum’s Shanghai upgrade could supercharge liquid staking derivatives — Here’s how

The cryptocurrency ecosystem underwent a turbulent year in 2022. Criticism inside and outside of the crypto industry was fueled following the collapse of FTX, Celsius, Three Arrows Capital and the Terra ecosystem. 

A number of losses have been recorded from these events. Blockchain analytics firm Chainalysis released a report in December of last . . . → Read More: Crypto companies aim to build trust within future products and services

Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. The first is federated and centralized, whereby data is in the control of the service provider, while the second is self-sovereign digital identity. The later is often . . . → Read More: NFT Steez and Lukso co-founder examine the implications of digital self-sovereignty in Web3

The developer of a Mutant Ape Yacht Club knock-off collection — Mutant Ape Planet — has been arrested in New York and charged with defrauding investors of $2.9 million in a “rug pull scheme.”

The arrest took place on Jan. 4 at John F. Kennedy International Airport in New York, with homeland security agent . . . → Read More: Mutant Ape Planet creator arrested in NY for alleged $2.9M NFT ‘fraud’

On this week’s episode of Market Talks, Cointelegraph welcomes Mohit Sorout, co-founder of Bitazu Capital, a proprietary algorithmic trading and investment management platform.

This week, to kick things off, we get to know a little bit about Sorout, his background in finance and trading. We also dive into his skillset, trading style and . . . → Read More: Crypto in 2023 — Do bulls have a chance? Watch Market Talks on Cointelegraph

Ethereum layer-2 scaling platform StarkNet has overhauled its in-house Cairo coding language to make Web3 development accessible to developers.

An announcement shared with Cointelegraph outlines the upgrades to Cairo 1.0, which is touted to emulate characteristics of the popular programming language Rust. The overhaul intends to allow developers with general coding experience to . . . → Read More: StarkNet overhauls Cairo programming language to drive developer adoption

On Oct. 1, 2019, Cointelegraph Magazine’s founding editor, Jon Rice, pressed publish on the first-ever feature story for the publication — a story by Swedish fintech writer Jinia Shawdagor about the country’s embrace of a cashless economy.

The brainchild of former Cointelegraph CEO Jay Cassano — who was managing editor at the time — . . . → Read More: The best (and worst) stories from 3 years of Cointelegraph Magazine

2022 proved to be a fruitful year for Ethereum Name Service, with the platform recording 2.2 million registered domains despite unfavorable market conditions for the cryptocurrency space.

According to the service, over 80% of the total ENS domains created since the project’s inception were registered in 2022. Data from Dune Analytics shows that . . . → Read More: Crypto exchange adoption boosts ENS registrations to over 2.2M

Ethereum co-founder Vitalik Buterin has shared some bullishness for the year ahead, including reaching a new milestone for rollup scaling as per the Ethereum roadmap.

The Ethereum developer also confirmed the rollout of the Ethereum Improvement Protocol (EIP) 4884 sometime in 2023, which had been removed as part of the upcoming Shanghai upgrade . . . → Read More: Vitalik Buterin highlights what he’s bullish about for 2023

Liquid staking protocol Lido Finance appears to have benefited most from the Ethereum merge in September, with its total value locked (TVL) now sitting at the top position among other decentralized finance (DeFi) protocols.

According to data from DefiLlama, Lido’s liquid staking protocol now commands $5.9 billion in TVL, compared to MakerDAO’s $5.89 . . . → Read More: Lido overtakes MakerDAO and now has the highest TVL in DeFi

Ethereum founder Vitalik Buterin showed sympathy for competitor Solana (SOL) in a Dec. 30 tweet. He said that “smart people” tell him that Solana has “an earnest smart developer community,” and suggested that the opportunists who were involved with the project in the past have been “washed out.”

Buterin also expressed hope that . . . → Read More: Ethereum founder says he hopes Solana gets a ‘chance to thrive’

Name: Mati GreenspanAnonymous: NoTwitter followers: 48,000Known for: The “face” of eToro for years, Greenspan is a rare moderate voice on Crypto Twitter.

Who is this guy anyway?

The friendly but cynical Mati Greenspan became a well-known crypto market commentator in publications such as Forbes, Bloomberg and The Wall Street Journal as a . . . → Read More: Mati Greenspan’s boss bribed him with 1 BTC to join Twitter: Hall of Flame

Ether (ETH) has been ranging near $1,200 since Dec. 17, but an ascending trend has been quietly gaining strength after 50 consecutive days.

The pattern points to $1,330 or higher by March 2023, making it essential for bulls to defend the current $1,180 support.

Ether/USD 1-day candle chart. Source: TradingView

The anxiously awaited . . . → Read More: Ethereum needs to defend $1,180 to sustain this 50-day ascending pattern

FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail, on-chain data suggests.

SBF has cashed out $684,000 in crypto to an exchange in Seychelles while being under house arrest, according to the on-chain investigation by DeFi educator BowTiedIguana.

Decentralized finance (DeFi) analyst BowTiedIguana took . . . → Read More: FTX founder reportedly cashes out $684K after being released on bail

The developers of Dogecoin (DOGE) have denied rumors that the network is immediately switching to proof-of-stake (PoS), saying that they are merely planning to release a proposal on the topic. The repudiation came on Dec. 29, from the Twitter account of Michi Lumin, principal engineer for the Dogecoin Foundation.

More info . . . → Read More: Dogecoin devs deny rumor of immediate PoS switch following community concern

Steve Newcomb is a Silicon Valley veteran with a long list of achievements. He built software for trading energy in the 90s, was a pioneer in adding email to phones, and helped create the back end of the Bing search engine under Peter Thiel’s mentorship. Today, he heads up development for Berlin-based Matter Labs, . . . → Read More: ‘Make sure Ethereum wins’ — Steve Newcomb reveals zkSync’s prime directive

Nonfungible token (NFT) firm Dust Labs is migrating its two top-performing Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption. 

The news was announced on DeGods and y00ts Twitter pages on Dec. 25, with both expected to be officially bridged onto Ethereum and . . . → Read More: DeGods and Y00ts NFTs are bridging off Solana: Here’s why

The Bitkeep exploit that occurred on Dec. 26 used phishing sites to fool users into downloading fake wallets, according to a report by blockchain analytics provider OKLink.

The report stated that the attacker set up several fake Bitkeep websites which contained an APK file that looked like version 7.2.9 of the Bitkeep wallet. . . . → Read More: BitKeep exploiter used phishing sites to lure in users: Report

For most crypto ecosystems, being compliant with federal sanctions have a negative impact on its global reach. However, when it comes to Ethereum, investors have significant power to decide the degree of compliance the ecosystem obeys.

Nearly 60% of all post-Merge Ethereum blocks comply with the United States sanctions put forth by the Office . . . → Read More: ETH staking on top exchanges contributes to Ethereum censorship: Data

The United States Securities and Exchange Commission (SEC) has requested to seal the infamous Hinman Speech documents, claiming that they are not relevant to the court’s summary judgment decision.

The Motion to Seal Summary Judgment Document was filed by the SEC on Dec. 22, requesting the sealing of various information and documents, most . . . → Read More: SEC seeks to keep Hinman documents hidden in Ripple case

Password management service LastPass was hacked in August 2022, and the attacker stole users’ encrypted passwords, according to a Dec. 23 statement from the company. This means that the attacker may be able to crack some website passwords of LastPass users through brute force guessing.

Notice of Recent Security Incident – The . . . → Read More: LastPass attacker stole password vault data, showing Web2’s limitations

Unique addresses on the Build and Build (BNB) Chain have now surpassed Ethereum, according to a Dec. 22 statement from the developer.

BNB Chain has made significant strides in onboarding the next billion users into #Web3 in 2022.

We want to thank our incredible community for coming along for the . . . → Read More: BNB Chain now has more unique addresses than Ethereum, developer says

Owning assets in a video game seems like a pretty natural concept, so why have so many gamers in the U.S. rejected NFTs outright?

Yat Siu, co-founder of Animoca: I think the reason why so many in the West, particularly in the U.S., are rejecting NFTs is not because of the fact that NFTs . . . → Read More: The Metaverse is awful today… but we can make it great: Yat Siu, Big Ideas

Peer-to-peer cryptocurrency marketplace Paxful has removed Ether (ETH), Ethereum’s native token, from its marketplace, citing a number of concerns around the world’s second-largest cryptocurrency by market capitalization.

Paxful CEO Ray Youssef announced the move in a message to some 11.6 million users of the platform, which he subsequently shared on Twitter.

. . . → Read More: Crypto platform Paxful removes ETH from its marketplace

Blockchain security company CertiK has reminded the crypto community to stay alert over “ice phishing” scams — a unique type of phishing scam targeting Web3 users that was first identified by Microsoft earlier this year. 

In a Dec. 20 analysis report, CertiK described ice phishing scams as an attack that tricks Web3 users into . . . → Read More: How to avoid getting hooked by crypto ‘ice phishing’ scammers — CertiK

Ether (ETH) gained 5.6% on Dec. 20 after testing the $1,150 support the previous day. Still, a bearish trend prevails, forming a three-week-long descending channel, a price action attributed to expectations of further U.S. Federal Reserve interest rate hikes.

Ether/USD price index, 12-hour. Source: TradingView

Jim Bianco, head of institutional research firm Bianco Research, . . . → Read More: Ethereum bounces above $1.2K, but derivatives metrics show traders fear a collapse

Crypto-users may one day be able to automatically pay their electricity and telephone bills through their self-custodial crypto wallets, according to payments giant Visa.

In a Dec. 20 blog post, Visa’s crypto thought leadership team proposed a solution that would allow providers to automaticall “pull” funds from users’ Ethereum-powered crypto wallets, without requiring . . . → Read More: Visa dreams up plans to let you auto-pay bills from your crypto wallet

Ethereum co-founder Vitalik Buterin has shared three “huge” opportunities yet to be realized in crypto: mass wallet adoption, inflation-resistant stablecoins and Ethereum-powered website logins.

During an interview with Bankless co-owner David Hoffman, Buterin shared his outlook for the crypto industry in 2023, responding to Hoffman’s raised concern that the “adoption wave” for decentralized . . . → Read More: Vitalik Buterin reveals 3 ‘huge’ opportunities for crypto in 2023

At a time of bear market-induced uncertainty, crypto investors often tend to stick with Bitcoin (BTC) and Ether (ETH) to evade impermanent losses. As a result, the significant movement of such assets intrigues the community as they try and decipher the intent behind the move.

Two addresses that have remained dormant for over four . . . → Read More: Ethereum bulls wake up after four years to transfer 22,982 ETH

Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates.

The Ether sell-off follows a market-wide decline that has sent Ethereum network fees plummeting by 39.90% in the past 30-days.

Daily . . . → Read More: Why is Ethereum (ETH) price down today?

“A highly profitable trading strategy” was how hacker Avraham Eisenberg described his involvement in the Mango Markets exploit that occurred on Oct. 11.

By manipulating the price of the decentralized finance protocol’s underlying collateral, MNGO, Eisenberg and his team took out infinite loans that drained $117 million from the Mango Markets Treasury. 

Desperate for . . . → Read More: Should crypto projects ever negotiate with hackers? Probably

Ether (ETH) rallied 6.3% to $1,350 on Dec. 13, mimicking a similar failed attempt that took place on Nov. 10. Despite reaching the highest level in 33 days, the gains were not enough to instill confidence in traders according to two key derivatives metrics.

Ether/USD price index, 12-hour. Source: TradingView

Bulls’ frustrations can partially . . . → Read More: Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

The United States regulators want to take a closer look at money laundering and terror financing laws by the Financial Crimes Enforcement Network (FinCEN), as it asked banking . . . → Read More: US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined

A survey sample of working Americans suggests that millennial and Generation Z workers are far more in favor of joining decentralized autonomous organizations (DAOs) and working remotely in the post-Covid-19 world.

Over 1,100 Americans took part in a survey conducted by MetisDAO Foundation which explores trends in remote working preferences and the emergence . . . → Read More: Remote work triggers move to DAOs in the post-pandemic world: Survey

Ethereum core developers have opted to prioritize the enabling of staking withdrawals via the Shanghai upgrade first before implementing The Surge-related Ethereum Improvement Proposal (EIP)-4884.

As reported by Cointelegraph, the next key milestone on Ethereum’s roadmap is the Shanghai upgrade, which will enable withdrawals for ETH stakers/validators from the Beacon Chain — among . . . → Read More: What’s in and what’s out for Ethereum’s Shanghai upgrade

Web3 investment firm Paradigm has released a Rust implementation of Ethereum, according to a Dec. 7 announcement from the company’s chief technology officer, Georgios Konstantopoulos. The new software, called “Reth,” allows Ethereum validators to launch their nodes using Rust instead of Go, Java, or other programming languages.

A previous Rust implementation had been released . . . → Read More: Paradigm releases ‘Ethereum for Rust’ to help ensure network stability

According to a discussion at the 151st Ethereum Core Developers Meeting on Dec. 8, core programmers have set a tentative deadline of March 2023 for Ethereum’s Shanghai hard fork. In addition, developers will aim for May or June 2023 to launch the Ethereum Improvement Protocol (EIP) 4844 upgrade that will introduce proto-danksharding to . . . → Read More: Ethereum developers target March 2023 for Shanghai hard fork

“Many years ago, it was AI. Now, it’s metaverse,” he says. “From the government’s perspective, […] as long as you don’t have a coin itself, they’re willing to support a lot of these new technologies” — Doo Wan Nam from StableNode

South Korea: The land of the metaverse

If you had to pick the . . . → Read More: Inside South Korea’s wild plan to dominate the metaverse

For the uninitiated, the world of cryptocurrencies and blockchain technology can be daunting, confusing and difficult to comprehend. Three industry experts and a skeptical economist explore the past, present and future of the burgeoning technology in a new online learning series.

Masterclass is a web-based education platform that offers “classes” from subject matter . . . → Read More: Binance CEO, Coinbase exec feature in Masterclass crypto crash-course

Blockchains must balance between offering the best secure and scalable infrastructure while still staying reasonably decentralized. Is this a realistic future for Web3? 

A fundamental building block for blockchains is decentralization, a functionality that enables people to transact without the requirement of a central authority. This formed the crux of the Bitcoin (BTC) . . . → Read More: The blockchain trilemma: Can it ever be tackled?

Ether (ETH) rallied 11.3% between Nov. 28 and Dec. 5, peaking at $1,300 before facing a 4.6% rejection. The $1,300 resistance level has been holding ground for twenty-six days and is the most likely explanation for the correction to $1,240 on Dec. 6. 

Ether/USD price index, 12-hour. Source: TradingView

So from one side, traders . . . → Read More: 3 reasons why Ethereum price keeps rejecting at the $1,300 level

Ethereum’s native token, Ether (ETH), eyes a strong bullish reversal after losing 25% from its November high of $1,675, according to a bottom fractal spotted by independent market analyst Wolf.

Can Ethereum price co its March 2020 fractal?  

Wolf compares Ethereum’s multi-month downtrend between May 2018 and March 2020 with a similar but relatively . . . → Read More: Ethereum ‘March 2020’ fractal hints at price bottom — But ETH bears predict 50% crash

Vitalik Buterin says that money, blockchain identities, decentralized finance (DeFi), decentralized autonomous organizations (DAOs) and hybrid applications are the top developments he is excited about in the Ethereum ecosystem. In a Dec. 5 blog post, the Ethereum co-founder describes his experience of using Ether (ETH) as a means of payment in a cafe in Argentina: 

. . . → Read More: Vitalik Buterin discusses his excitement for the future of Ethereum

The most talked about crypto lawsuit involving the United States Securities and Exchange Commission (SEC) and Ripple is approaching its conclusion after a two-year-long battle.

On Dec. 2 the SEC and Ripple both filed redacted replies to each other’s opposition to motions for summary judgment.

Ripple argued in its motion document that . . . → Read More: Ripple files final submission against SEC as landmark case nears end

Ethereum co-founder Vitalik Buterin has shared some sage advice for traders feeling the blues of the crypto bear market: Focus on the tech rather than the price.

The Ethereum co-founder made the recommendation in response to a Dec. 3 post from self-described crypto investor CoinMamba, echoing what many crypto investors are likely feeling . . . → Read More: Vitalik Buterin on the crypto blues: Focus on the tech, not the price

Altcoin originally meant “Bitcoin alternative” because, in the early stages of cryptocurrency development, every blockchain-based currency was seen as a sort of Bitcoin (BTC) knockoff. Cryptocurrencies back then were mainly used for payments, such as Litecoin (LTC), XRP (XRP) and Peercoin (PPC). Altcoin was used as a catchall term for cryptocurrencies other than . . . → Read More: Thanks to Ethereum, ‘altcoin’ is no longer a slur

Decentralized finance (DeFi) markets may have cooled down over the past year, but the technology powering these applications continues to advance. In particular, smart contract platforms that enable transactions to take place across DeFi applications are maturing to meet enterprise requirements. 

While it’s notable that enterprises have previously shown interest in DeFi use . . . → Read More: The future of smart contract adoption for enterprises

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

The FTX contagion that started in the second week of November is still haunting various crypto protocols in the DeFi ecosystem. The latest to fall prey to the . . . → Read More: DeFi ecosystem still haunted by FTX contagion: Finance Redefined

Decentralized finance (DeFi) protocol Trader Joe has announced its very first expansion from Avalanche and onto the Ethereum ecosystem, as part of its plans to access new markets and drive up user activity.

The decentralized trading platform announced its “multi-chain” expansion into Ethereum layer-2 scaling solution Arbitrum One on Dec. 1 and follows around . . . → Read More: Trader Joe takes its first step into the Ethereum ecosystem

Russia’s largest bank Sber — formerly known as Sberbank — continues developing its blockchain platform by integrating it with the Ethereum blockchain.

On Nov. 30, Sber officially announced new opportunities for its proprietary blockchain platform, including compatibility with smart contracts and applications on the Ethereum network. This would allow developers to move smart contracts and . . . → Read More: Russia’s Sber bank integrates Metamask into its blockchain platform

Blockchain data analytics carried out by Nansen highlights the ever-growing amount of Ether (ETH) being staked across various staking solutions in the months following Ethereum’s shift to proof-of-stake (PoS) consensus.

The highly anticipated Merge has been a boon for decentralized finance (DeFi) in general, and staking solutions have been in high demand since . . . → Read More: Demand for liquid Ethereum staking options continues to grow post-Merge

Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors’ sentiment. Moreover, investors’ mood worsened after BlockFi filed for bankruptcy on Nov. 28.

Newsflow remained negative after the United . . . → Read More: Ethereum derivatives look bearish, but traders believe the ETH bottom is in

Maybe it’s the language barrier, or the walls authorities have set up to prevent money from leaving the country. But whatever it is, South Korea has built its own unique corner of the cryptoverse that’s unlike anywhere else on the planet.

Doo Wan Nam, a MakerDAO delegate who co-founded the research and advisory firm . . . → Read More: South Korea’s unique and amazing crypto universe

Staking technology provider Kiln has closed out a $17.8 million fundraising round featuring the likes of Consensys and Kraken Ventures. The company is eyeing ‘exponential’ growth in demand for ETH staking services from institutional clients in the future.

Kiln is a software-as-a-service provider focused on enterprise-grade staking solutions across 16 different proof-of-stake blockchain . . . → Read More: Staking tech firm Kiln closes $17.8 million, eyes future ETH staking demand

A handful of government-backed financial institutions have been exploring tokenization use cases to revolutionize traditional financial systems. For instance, El Salvador’s Bitcoin Volcanic bond project has been in the works for over a year and aims to raise $1 billion from investors with tokenized bonds to build a Bitcoin city. 

The Central Bank . . . → Read More: Tokenized government bonds free up liquidity in traditional financial systems

Web3 returns content rights to the author, enhances the security level, eliminates unfair censorship, ushers in transparency, automates the functioning of software and facilitates a creator economy.

Thanks to the characteristics of Web3, businesses can take advantage of opportunities that are beyond imagination. Concepts like decentralization and permissionless cybersphere were just in sci-fi. . . . → Read More: How Web3 resolves fundamental problems in Web2

An inside joke about the “insolvency” of Wrapped Ethereum (wETH) over the weekend has forced influencers to explain it was just a “shitpost” after members of the community took it as real. 

The wETH insolvency FUD (fear, uncertainty and doubt) seemingly began to make the rounds on Nov. 26, with false rumors alleging . . . → Read More: Crypto Twitter calls for calm after wETH insolvency joke goes viral

Ether (ETH), which is the second largest cryptocurrency in terms of market capitalization, is popular among cryptocurrency investors because of its native ETH token. However, its native Solidity programming language and Ethereum Virtual Machine (EVM) are instrumental in the adulation it receives from the developer community. In fact, the Ethereum blockchain continues to attract . . . → Read More: What is an Ethereum Virtual Machine (EVM) and how does it work?

Zero-knowledge (ZK)-Rollup tech company StarkWare has officially open sourced its new programming language compiler, Cairo 1.0, which will soon be supported on Ethereum layer-2 scaling solution StarkNet in Q1 2023. 

The news was announced by StarkWare — the company behind StarkNet — in a Nov. 25 Twitter post. StarkWare’s rollup technology and recursive . . . → Read More: StarkNet makes Cairo 1.0 open source in first step toward community control

No matter if one analyzes Ether’s (ETH) longer-term or weekly time frame, there is little hope for bulls. Besides the negative 69% year-to-date performance, a descending channel has been pressuring the ETH price while offering resistance at $1,200.

Ether/USD 4-hour price index. Source: TradingView

Regulatory uncertainty continues to weigh down the sector. For example, . . . → Read More: Ether tests $1,200 but bears better positioned for $1.13B options expiry on Nov. 25

Blockchain analytics carried out by a Nansen researcher has highlighted outflows of Ether (ETH) and stablecoins from centralized exchanges in the wake of FTX’s collapse.

Nansen research analyst Sandra Leow posted a thread on Twitter unpacking the current state of decentralized finance (DeFi), with a specific focus on the movement of ETH and . . . → Read More: Crypto awakening: Researcher explains ETH exodus from exchanges

Ether (ETH) price experienced an 11.9% decline from Nov. 20 to Nov. 22, bottoming at $1,074 — the lowest level seen since July. Currently, investors have reason to be concerned after crypto lending company Genesis reportedly faced difficulties raising money, triggering rumors of insolvency on Nov. 21. 

However, a spokesperson for Genesis told Cointelegraph . . . → Read More: Ethereum bears have the upper hand according to derivatives data, but for how long?

The latest revelation from the FTX case reveals that Bahamian properties worth millions were bought in the company name. FTX, at the time operated by Sam Bankman-Fried (SBF), his parents and other high-level executives of the company, reportedly purchased at least 19 properties in the Bahamas over the last two years.

Collectively, these . . . → Read More: SBF, FTX execs reportedly spend millions on properties in the Bahamas

The hacker behind the theft of more than $447 million of crypto from the crypto exchange FTX has been again spotted moving their ill-gotten funds. 

According to Etherscan data, between 4:11 to 4:17 pm UTC on November 21, the attacker moved a total of 180,000 Ether (ETH) across 12 newly created wallets — each . . . → Read More: On the move: FTX hacker splits nearly $200M in ETH across 12 wallets

The crypto market has witnessed a turbulent few weeks after the FTX collapse but Lido Finance, a liquid staking protocol, has been a bright spot amidst the chaos. According to Data from DeFiLlama, Lido protocol has earned $1 million or more in fees daily since October 26. 

Lido fees and revenue over . . . → Read More: Lido fundamentals shine even as the wider crypto market struggles to regain traction

The hacker behind the bankrupt cryptocurrency exchange FTX started transferring their Ether (ETH) holding to a new wallet address on Nov. 20. The FTX wallet drainer was the 27th largest ETH holder after the hack but dropped by 10 positions after the weekend ETH dump.

The FTX hacker drained nearly $447 million out of . . . → Read More: FTX hacker dumps 50,000 ETH, still among top 40 Ether holders

According to blockchain analysis company Chainalysis, funds stolen from the FTX crypto exchange are now being converted from Ether (ETH) into Bitcoin (BTC). On Nov. 20, Chainalysis took to Twitter to encourage exchanges to freeze these coins should the thief attempt to convert them into fiat or further obfuscate the assets through other . . . → Read More: FTX funds on the move as thief converts thousands of ETH into Bitcoin

The collapse of numerous major crypto ecosystems in 2022 revealed the urgent need for revamping the way crypto exchanges operate. Ethereum co-founder Vitalik Buterin believed in exploring beyond “fiat” methods to ensure the stability of crypto exchanges, including technologies such as Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs). 

Following a discussion with angel investor . . . → Read More: Binance CEO CZ begins working on Vitalik Buterin’s ‘safe CEX’ ideas

When it comes to designing a metaverse map, it’s more about the vibe than practicality. From space pods to jungle islands and celebrity neighbors, users want to feel like they are someplace special.

What considerations go into designing a metaverse platform? Insiders explain that one key factor is that virtual worlds need to be . . . → Read More: Designing the metaverse: Location, location, location

Months after the Ethereum Merge, when the network shifted to the more eco-friendly proof-of-stake (PoS) consensus, the Ethereum community is now shifting its focus to redress the network’s former proof-of-work (PoW) carbon emissions. 

At the COP 27 climate action event, Web3 firms, civil society leaders and the United Nations Framework Convention on Climate . . . → Read More: Ethereum Climate Platform launches to address the network’s prior PoW emissions

Days after Ethereum turns deflationary for the first time since shifting to proof-of-stake (PoS), critics have started to highlight the Ethereum Foundation’s removal of Ether (ETH) staking’s withdrawal schedule on social media. 

A crypto community member pointed out how Ethereum developers, leaders and influencers mentioned that ETH staking withdrawals might be opened six . . . → Read More: Ether staking withdrawal schedule removal faces harsh criticism