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Ethereum is the largest open-source, blockchain based platform for decentralised applications. It serves as digital currency and can be traded like any other cryptocurrency. If you want to get a better idea of what Ethereum is and how it works, check out the Ethereum News category where you will find all kinds of topics you might be interested in. Even though it is a digital coin just as Bitcoin, Ethereum operates smart contracts and and has its “token”, known as ether (ETH). Take a look at Ethereum News and learn more about smart contracts and distributed applications (shortly called “ĐApps”). This peer-to-peer platform is famous for its free-fraud and free-third-party interference nature. You can find out more about it in Ethereum News today. The network is suitable for running transactions very fast – in only a matter of seconds which is much more efficient than Bitcoin transactions, that runs in minutes. Ethereum News today will explain you the processes and nature of this cryptocurrency in detail. It’s definitely an advanced type of digital currency and contracting solution – read more about the future of this cryptocurrency in the Latest Ethereum News. It is classified as Crypto 2.0 for a reason, so if you are interested in digital coins, get to know what is going on in the Ethereum ecosystem. You simply cannot miss the Latest Ethereum News, therefore take a quick look and get prepared for the future of trading and transactioning. It’s going to be exciting!

Thu, 05 May 2022 16:28:17 +0000
Lido Finance with $19.1B in TVL, Edges out Curve as the Largest DeFi Protocol 9

Summary:

Lido Finance has surpassed Curve finance to become the largest DeFi protocol in terms of total value lockedApproximately $19.1 billion is locked on Lido Finance compared to Curve’s $19 billionLido Finance is available on the blockchain networks of Ethereum, Solana, Terra, Kusama, and Polygon.

Earlier today, Lido Finance became the largest DeFi protocol in terms of total value locked, edging out Curve Finance from the top spot in the process. At the time of writing, the total value locked on Lido Finance stands at $19.1 billion compared to Curve’s $19 billion. Anchor comes in third with $17.08 billion, MakerDao fourth with $13.18 billion, and AAVE fifth with $11.69 billion in total value locked.

Lido Finance with $19.1B in TVL, Edges out Curve as the Largest DeFi Protocol 8Top 10 DeFi protocols in Total Value Locked. Source, DeFiLlama.com Lido Finance’s Rise in DeFi

Launched in December 2020, Lido Finance has grown to facilitate staking on the five networks of Ethereum, Terra, Solana, Kusama and Polygon. Furthermore, $11 billion worth of assets is staked on Ethereum 2.0; $7.142 billion on Terra; $288.722 million on Solana; $2.525 million on Kusama; and $16.175 million on Polygon.

Lido’s vision is ‘to build a staking solution that is fully permissionless and risk-free for the blockchain itself.’ The current roadmap of the project includes adopting Distributed Validator technology and creating additional checks and balances on Lido’s governance. The latter includes directly empowering stETH holders to veto any decisions that will be made on the protocol.

stETH is a liquidity token that users get when they stake their Ethereum into the ETH 2.0 contract through Lido in a 1-to-1 ratio. stETH also allows its users to participate in the entire Ethereum DeFi ecosystem (Yearn, Curve, Maker, Aave) while still accruing ETH2.0 rewards earned from staking during Phase 0.

The team at Lido further explains stETH as follows:

stETH accrues staking rewards regardless of where it is acquired. This means that regardless of whether you acquire stETH directly from staking via stake.lido.fi, purchase stETH from 1inch or receive it from a friend, it will rebase daily to reflect Ethereum staking rewards.

This nullifies the downsides from staking into the Eth2 contract directly: illiquidity, immovability, inaccessibility. Instead of locking up your staked ETH, Lido allows you to put it to use so you don’t need to choose between Ethereum staking and DeFi participation.

Category: Lido Finance
Thu, 31 Mar 2022 15:28:11 +0000
Zilliqa (ZIL) Gains by 4x in March on Metapolis Metaverse FOMO 24 Zilliqa’s price has risen by almost 400% in the month of MarchThe price increment is hinged on the anticipated launch of its Metapolis MetaverseMetapolis will be launched on the 2nd of April during a VIP event in Miami, FloridaZIL could undergo a pull-back after the launch of Metapolis

The popular Ethereum competitor of Zilliqa has had an eventful month of March in terms of project developments, and price movement of its native digital asset of ZIL.

Zilliqa Gains by 400% in the month of March

To begin with, the digital asset of Zilliqa has had a meteoritic rise this month gaining value by almost 400%.

At the beginning of the month, Zilliqa was valued at roughly $0.043. Earlier today, Zilliqa hit a local peak value of $0.2095. This translates to a 387% price increment in the stated time period.

Zilliqa (ZIL) Gains by 4x in March on Metapolis Metaverse FOMO 22Zilliqa’s price movement in the month of March. Source, Coinmarketcap.com Rise of ZIL Fueled by the Metapolis Metaverse

Secondly, Zilliqa is diving deep into the Metaverse with the launch of Metapolis.

The latter is a Metaverse-as-a-service (MaaS) platform that will be launched on April 2nd during a VIP event in Miami, Florida.

According to the team at Zilliqa, Metapolis will be ‘ built on unreal engine, unity and Nvidia Omniverse’. In this endeavor of Metapolis, Zilliqa has partnered with Agora, a global talent awards app that allows its users to ‘upload their creations and participate in contests to win support, visibility and recognition in the international community’.

#Metapolis – The Next Internet.

The #Metaverse for all (MaaS)

Powered by a leading L1 #blockchain layer #Zilliqa & it’s security focused safe by design smart contract language #scilla

Innovative #NFTs standards ZRC-6 & ZRC-7.

— Sandra (@sandra_tlibe) February 6, 2022

Furthermore, Metapolis has already gathered interest from major creator-focused and eSports brands. The project has also gathered over $2 million in pre-launch revenues.

What the ZIL/USDT Chart Says

To note is that the Metapolis launch event is roughly 48 hours away. Therefore, consulting the daily ZIL/USDT chart is recommended to gauge if ZIL’s bullish momentum will be maintained before, during, and after the event on April 2nd.

Zilliqa (ZIL) Gains by 4x in March on Metapolis Metaverse FOMO 231-day ZIL/USDT chart.

From the daily ZIL/USDT chart, it can be observed that the price of Zilliqa has taken a parabolic trajectory. Furthermore, its price has very much deviated above the 50-day (white), 100-day (yellow) and 200-day (green) moving averages, pointing towards a possible pullback in the next few days.

Additionally, ZIL’s daily MFI, MACD and RSI are in overbought territory further providing hints of a possible retracement.

Consequently, caution is advised when going long on Zilliqa (ZIL) on the various leverage trading platforms. A wait-and-see approach, till after the Metapolis launch, could also be an option for anyone who did not catch the ride up.

[Feature image courtesy of Zilliqa on Twitter]

Category: Zilliqa (ZIL)
Sat, 02 Apr 2022 12:28:37 +0000
Bitmex's Hayes: Ethereum Could Rise to $10k and Solana to $200 18 Arthur Hayes has predicted that Ethereum could go to $10,000 and Solana to $200According to Hayes, Ethereum’s rewards in a PoS network makes ETH a bondStakers on ETH2.0 could see 8 – 11.5% APRSolana has the 2nd highest addresses after Ethereum and the price of SOL will benefit from thisArthur Hayes offers a disclaimer that his opinion should not be viewed as financial advice

The founder and former CEO of Bitmex, Arthur Hayes, has penned a new blog post in which he gives a $10,000 price prediction for Ethereum and a $200 price prediction for Solana.

However, Hayes did not provide a precise timeline for the aforementioned values of ETH and SOL to materialize.

Ethereum’s Merge into Proof-of-Stake Makes ETH a Bond

In the informative blog post, Mr. Hayes goes on to highlight that the Ethereum network will soon switch from proof-of-work to proof-of-stake during the merge that is scheduled for later this year.

As 2022 progresses, Hayes expects ‘ETH to significantly outperform any L1 chain that constructed a narrative that it is “faster and cheaper” than Ethereum’.

He goes on to explain that after the merge, stakers of ETH could earn an APR of around 8 to 11.5%. In addition, the rewards issued to validators ‘renders ETH a bond’. He explains:

Ether is not money — it is a commodity that powers the world’s largest decentralised computer. As I explained in â€śYes I Read the Whitepaper”, the Ethereum community clearly decided that ETH is a commodity used to power this computer, not a pure monetary instrument.

Bitcoin does not have an implicit yield in BTC terms at the protocol level. Post-merge, ETH will. Therefore, Bitcoin is money, and ETH is a commodity-linked bond.

Solana Has the 2nd Highest Number of Addresses

With respect to Solana, Arthur Hayes uses the number of addresses to conclude that the network is the second most popular blockchain and will positively benefit the value of SOL. He said.

The number of addresses on a given chain is another crude but useful metric that can be used to evaluate the health of a public blockchain. Ethereum sports 16x more addresses than second-place Solana, but is still cheaper on a Price / Address basis.

Not Financial Advice

Also worth mentioning is that at the beginning of the blog post, Mr. Hayes has issued a disclaimer in which he states that all views expressed in the article are his. Furthermore, they should not form the basis of any financial decisions nor be construed ‘as a recommendation or advice to engage in investment transactions’.

Category: Solana (SOL)
Thu, 05 May 2022 18:04:28 +0000
Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC 4

Summary:

The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1.5 billionThe purchase is in line with Do Kwon’s goal of backing UST with digital asset reserves worth $10 billion The Luna Foundation Guard now holds 80,394 BTC

The Luna Foundation Guard has acquired an additional 37,863 Bitcoin worth $1.5 billion to further back its popular stablecoin of UST.

The recent purchase of Bitcoin was carried out in two transactions: $1 billion with Genesis Trading and $500 million worth of Bitcoin through 3 Arrows Capital (3AC). With this purchase, the Luna Foundation Guard now holds 80,394 Bitcoin worth an estimated $3.2 billion at the time of writing.

2/ The OTC swaps included 1 billion $UST for $1 billion worth of $BTC with Genesis, and the LFG purchased an additional $500 million worth of BTC via 3AC.

The acquired BTC brings the LFG’s total holdings to ~80,394 Bitcoins.

— LFG | Luna Foundation Guard (@LFG_org) May 5, 2022
UST is Attempting to Observe the Bitcoin Standard – Do Kwon

The recent purchase of $1.5 billion worth of Bitcoin is in line with the vision of Terra’s founder, Do Kwon, of backing TerraUSD (UST) with $10 billion worth of BTC and other digital assets.

Mr. Kwon further elaborated his vision to CNBC by stating ‘For the first time, you’re starting to see a pegged currency that is attempting to observe the bitcoin standard. It’s making a strong directional bet that keeping a lot of those foreign reserves in the form of a digital native currency is going to be a winning recipe.’

He also added that time is the only element left to test out the TerraUSD (UST) project. Additionally, the stablecoin project is particularly important given ‘that we live in a time where there’s excess money printing across the board and when monetary policies highly politicized that there are citizens that are self-organizing to try to bring systems back to a sounder paradigm of money.’

TerraUSD (UST) Makes an Entry into Coinmarketcap’s Top 10

At the time of writing, TerraUSD (UST) is ranked tenth on Coinmarketcap with a market capitalization of $18.683 billion. UST is also now also ranked third in the stablecoin category after Tether ($83.154 billion) and USDC ($48.7 billion). It has also eclipsed Binance USD (BUSD) which has a market capitalization of $17.8 billion.

Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC 2UST now ranked 10th on Coinmarketcap Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC 3UST ranked 3rd in the stablecoin category. Source, Coinmarketcap.com
Category: Terra (LUNA)
Wed, 06 May 2020 18:41:13 +0000
Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving 30

Quick take:

Bitcoin (BTC) has once again reclaimed $9,000 with 5 days until halving.  Pantera Capital’s CEO, Dan Morehead, sees a scenario where BTC hits $115,212 by August 2021.  His analysis is based on the change in the stock-to-flow ratio across each halving. 

The hype and excitement surrounding the Bitcoin halving event is once again evident in the current price of BTC. At the time of writing this, Bitcoin has just broken both the $9,000 and $9,100 resistance levels and is trading at $9,261 with 5 days until halving. A brief analysis of the BTC/USDT 6-hour chart reveals that there is renewed buying interest as we draw closer to the estimated halving date of May 12th.

Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving 286-Hour BTC/USDT chart courtesy of Tradingview.com

Pantera Capital CEO Predicts Bitcoin (BTC) Could Hit $115k After Halving

With the Bitcoin halving only days away, Pantera Capital CEO, Dan Morehead, has predicted that BTC could hit $115,212 by August of 2021. His analysis is based on the change in the stock-to-flow ratio across each halving. Mr. Morehead made this predication via twitter and further elaborated on his analysis via an informative Medium blog post. His tweet can be found below.

#bitcoin could hit $115,212 in Aug 2021 based on the change in the stock-to-flow ratio across each halving.

More details here: https://t.co/fMYDXAT5qy pic.twitter.com/02uCpVoGKN

— Dan Morehead (@dan_pantera) May 5, 2020

Further highlighting key points from his Medium post, Mr. Morehead explained how a reduction in supply of BTC after each halving, will impact the price of Bitcoin.

One potential framework for analyzing the impact of halvings is to study the change in the stock-to-flow ratio across each halving. The first halving reduced the supply by 15% of the total outstanding bitcoins. That’s a huge impact on supply and it had a huge impact on price.

Each subsequent halving’s impact on price will likely taper off in importance as the ratio of reduction in supply from previous halvings to the next decreases.

Furthermore, his analysis went on to elaborate on the impact each halving has had on the price of Bitcoin.

The second having decreased supply only one-third as much as the first. Very interestingly, it had exactly one-third the price impact.

Extrapolating this relationship to 2020:

The reduction in supply is only 40% as great as in 2016. If this relationship holds, that would imply about 40% as much price impulse — bitcoin would peak at $115,212 /BTC.

Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving 29Image courtesy of Pantera Capital on Medium.com

What is Stock-to-Flow Ratio?

The Stock-to-flow ratio is a measure traditionally used to gauge the abundance of commodities. It is calculated by dividing the amount of a commodity held in inventories, by the amount being produced annually.

In the case of Bitcoin, it is calculated by dividing the currently known supply of Bitcoin by the BTC mined annually. At the time of writing this, there is approximately 18.365 Bitcoin already mined with an annual production of 657,000 BTC per year. This results in a Stock-to-flow ratio of 27.9.

(Feature image courtesy of Unsplash.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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Thu, 07 Jul 2022 12:12:44 GMT

The Sepolia proof-of-work chain merged with its proof-of-stake chain on Wednesday, taking Ethereum one step closer to its own Merge moment.

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