Israel on Its Way to Design Digital Shekel Based on Ethereum (Report)
The central bank of Israel chose Ethereum's network to launch the stages of its CBDC trial program.
Ethereum News and Updates
Ethereum is a blockchain-based platform that allows developers to build decentralized applications (dApps) using smart contracts.
These are computer codes that facilitate the exchange of money, property, shares, content, or anything that has value. It’s pre-programmed and predefined, meaning that once the trigger conditions are executed, the result manifests automatically.
Ethereum has a native cryptocurrency, which is called Ether (ETH). ETH is currently the second-largest cryptocurrency by market cap.
The project’s whitepaper was published back in 2013 by Vitalik Buterin, Ethereum’s Co-Founder. In January 2014, Ethereum began the official development of the platform. A few months later, in August, the team managed to raise $18.4 million through a token sale. The ETH token was released during the summer of 2015.
Like Bitcoin, Ethereum was initially developed to work using the Proof-of-Work (PoW) consensus algorithm. However, the team is working to transition to Proof-of-Stake, which is supposed to take place in 2020.
Recent Ethereum News
Less Than 17% Addresses Control Over 80% of NFTs on Ethereum: Report
More than 80% of NFTs on Ethereum since April are owned by just a few wallet addresses, a report stated.
The Weekly Crypto Recap: New Bitcoin ATH of $67K As ETFs Live
This week we saw bitcoin's price reaching a new all-time high around $67K. This came on the back of the
Houston Firefighter’s Pension Fund Bought $25M Worth of Bitcoin and Ethereum
Institutions have resumed their appetite for bitcoin and ether, with the latest making a sizeable purchase being a Houston-based pension
US Mortgage Lender UWM Will No Longer Accept Bitcoin Payments
After just two months, United Wholesale Mortgage (UWM) decided to stop cryptocurrency payments as an option.
Ethereum Has The Most Upside Potential, Says Mark Cuban
According to Mark Cuban, Ethereum is a great investment opportunity, while Bitcoin is better than gold.
Billionaire Barry Sternlicht Bought Bitcoin and Ethereum for Inflation Protection
Bitcoin is a financial instrument against the mass printing of fiat currencies and that is why Barry Sternlicht owns some.
Mike Novogratz: NFT Investors Should Take Profits and Put Them in BTC and ETH
Mike Novogratz sees Bitcoin and Ethereum as better investment instruments than NFTs, advising investors to move gains from non-fungible tokens
MetaMask Partners With BitGo, Qredo, and Cactus Custody to Enhance Adoption
Popular Ethereum wallet “MetaMask” is partnering with BitGo, Qredo, and Cactus Custody to offer complaint DeFi Access to large institutions.
A Month Later: Cream Finance Reports Recovering $16M of the Stolen Funds
Cream Finance has managed to recover a substantial chunk of the recently stolen cryptocurrency funds.