Ethereum Price Hits ATH at $2,700 as Market Cap Equals PayPal’s
Ethereum prices have hit an all-time high during Asian trading on Wednesday morning following bullish news from European banks.
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 DeFi Ecosystem Hits 2 Million Users as ETH Price Paints ATH
Ethereum's DeFi ecosystem reached 2 million users as the price for ETH hits a new all-time high.
Giant American Wine Seller Now Accepts Bitcoin, Dogecoin, and Ethereum
Customers of the oldest American wine seller - Acker - can now purchase wine with Bitcoin, Bitcoin Cash, Dogecoin, and
Bitcoin Dominance Drops to 50% For The First Time in 33 Months
Bitcoin’s market share has taken a beating over the past month, dropping to 50% for the first time since July
14% of Americans Own Crypto, Bitcoin Remains Most Popular: Survey
Although BTC remains the most popular crypto asset for Americans, the majority own a more significant portion of LTC, ETH,
Bitcoin’s Drop Below $50K and Market Cap Under $2 Trillion: The Weekly Recap
This week saw Bitcoin crashing below $50,000 and dragging the entire market with it. The total capitalization has also dropped
IOHK’s Charles Hoskinson Responds to Cardano Scam Allegations
Charles Hoskinson believes that baseless allegations against Cardano and other blockchain projects prevent further industry adoption.
Ethereum Breaks All-Time High With a New Record of Over $2,570
While bitcoin struggles to recover from its Sunday crash, ETH has not just regained the losses but also charted a
JP Morgan is Now Hiring Ethereum and Blockchain Developers
Investment firm JP Morgan Chase, which previously had a harsh stance on bitcoin and cryptocurrencies, is now joining many institutions
PancakeSwap Transactions Tops Ethereum But BSC Feels The Strain
According to a report by data provider Dappradar, DeFi DEX PancakeSwap has surpassed Ethereum in terms of total transactions in