Fireblocks to Face Trial for Losing Over $70 Million Worth of Ethereum (ETH)
Crypto staking platform StakeHound filed a lawsuit against Fireblocks at the Tel Aviv District Court for losing about $77M worth
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
Ethereum Testnet Burns 88K ETH in Preparation for EIP-1559
The long-awaited upgrade to Ethereum is getting closer as London launches on testnet and EIP-1559 starts to burn transaction fees.
Over 100K ETH ($200 Million) Staked in Ethereum 2.0 in a Single Day
The total number of coins locked up on the Ethereum 2.0 is rapidly approaching 6 million ETH as more than
Another Week Another Failed Attempt For Bitcoin at $40K: The Weekly Crypto Recap
In yet another week, Bitcoin's price was unable to conquer the coveted $40K mark. Altcoins had it even worse.
Ethereum Layer 2 Protocol Metis Launched its Second Testnet
Ethereum Layer 2 platform Metis has announced the official launch of its second testnet and a new program aiming to
Michael Saylor: Ethereum Has its Place, Bitcoin is 50x Better Than Gold
Michael Saylor believes Ethereum and stablecoins have a spot in the cryptocurrency space and also outlined by how much BTC
World’s Leading DJ David Guetta Sells His House In Miami: Bitcoin and Ethereum Accepted
Shortly after an anonymous buyer paid the record-breaking $22.5M in digital assets for a Miami Beach penthouse, DJ David Guetta
Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot
The Ethereum co-founder said he has investments in Cardano and Polkadot because the projects are managed by goal-oriented individuals.
Reddit Cofounder Alexis Ohanian Says He Has ‘A Lot’ Of Ethereum
Alexis Ohanian has "a lot" of Ethereum. Nobody knows how much that is, but it is easy to know why
Lawyers Reveal: Divorcing Couples Hide Money With Cryptocurrency
Attornies in the US alerted that cryptocurrencies can be used by divorcing spouses as a tool to keep money secret.