Monero avoids crypto market rout, but XMR price still risks 20% drop by June
XMR’s bearish setup comes as Monero prepares to launch the testnet version of its hard fork this month. Go to Source Powered by WPeMatico
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Monero ‘falling wedge’ breakout positions XMR price for 75% rally
The bullish setup emerges as Monero gears up to undergo a major hard fork in July 2022. Go to Source Powered by WPeMatico
Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade
According to a recent update on Monero’s Github repository, the privacy-centric crypto network plans to hard fork in July, at block height 2,668,888. Monero is the largest privacy crypto asset in terms of market capitalization and during the last seven days, monero climbed 13.4% against the U.S. dollar. Monero Aims to Upgrade in July The … Read more
Monero community reaches consensus for July hard fork
Monero hard forks are meant to improve the base protocol and will not result in the splitting and creation of a new coin. Go to Source Powered by WPeMatico
Decred price soars 45% in one day three weeks before a major hard fork
The upcoming Decred hard fork also plans to increase DCR rewards for PoS validators from 30% to 80%. Go to Source Powered by WPeMatico
Cardano price risks 30% drop in Q2 despite a ‘major’ hard fork ahead
Cardano network growth has done little to help ADA price shake its multi-month slump. Go to Source Powered by WPeMatico
$5.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months
This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every 60 seconds. 2 Million Ethereum Burned, More … Read more
Ethereum After 1559: Network Nears 2 Million ETH Burned Worth Over $6.9 Billion
Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so a fraction of gas is destroyed during the transaction process and to date, 1,915,220 ether has been burned worth over $6.9 billion using today’s exchange … Read more
Ethereum Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High Fees
Ethereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas problem and current scaling issues. Buterin talked about adding a feature like “blob-carrying transactions” in a “near-future hard fork.” ‘Blob-Carrying Transactions’ The price of ethereum (ETH) has moved northbound during the last two weeks, climbing more … Read more
Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed
With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether worth … Read more