Shapella Upgrade Hits, Economist Predicts Biggest Crash ‘in Your Lifetime,’ US Bank Lending Plummets — Week in Review

In crypto news this week, the Ethereum network’s long awaited Shapella upgrade took effect, unlocking staked ether. In the broader financial world, economist Harry Dent has predicted a massive crash to hit by mid-June, bank lending plummeted by a record $105 billion in two weeks, and the USD’s ability to maintain its value even in […]

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Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12

Ethereum's Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12The Ethereum blockchain is set to undergo its next major update since the network switched from proof-of-work to proof-of-stake through The Merge. The upcoming upgrade, dubbed “Shapella,” which combines the Shanghai and Capella validator changes, is expected to take place on April 12, 2023. While most users will not be affected by the change, the […]

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Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results

Ethereum's Transition to Proof-of-Stake Yields Deflationary ResultsAfter the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to […]

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Ethereum Validator Count Surpasses 500,000 Ahead of Upcoming Shanghai Hard Fork

Ethereum Validator Count Surpasses 500,000 Ahead of Upcoming Shanghai Hard ForkAccording to statistics, the number of Ethereum network validators on the Beacon chain exceeded 500,000 as of Jan. 12, 2023. The validator milestone comes as Ethereum core developers prepare for the Shanghai hard fork. Five days ago, Ethereum core developers launched a developer network environment called “devnet 2” for the upcoming upgrade. Ethereum Developers Launch […]

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Metamask Launches Ethereum Staking Services via Lido and Rocketpool

On Friday, the Web3 wallet firm Metamask, a subsidiary of the Ethereum-centric company Consensys, announced the beta launch of ethereum staking features will be made available via Lido’s or Rocketpool’s liquid staking services. Users who want to stake ethereum and earn staking rewards can select one of the staking providers within the Metamask Web3 wallet’s […]

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Ethereum Developers Prepare to Deploy Shanghai Public Testnet, Focus on Staked Ether Withdrawals

Ethereum Developers Prepare to Deploy Shanghai Public Testnet, Focus on Staked Ether WithdrawalsAccording to the Jan. 5, 2023 All Core Devs (ACD) meeting, Ethereum developers are preparing to deploy a public testnet for the highly anticipated Shanghai hard fork in February 2023, with the mainnet implementation tentatively scheduled for March. Ethereum’s core developers emphasized that staked withdrawals are a priority and code related to EVM Object Format […]

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Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work Forks

Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work ForksAfter transitioning from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum community saw the launch of two new PoW Ethereum forks: ethereumpow and ethereumfair. In the past four months, the value of both coins has dropped by 94.8% to 98.4% in U.S. dollars. PoW Ethereum Forks Ethereumpow and Ethereumfair Suffer Significant Value Loss After Launch Since […]

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‘Ultra Sound’ Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-Stake

'Ultra Sound' Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-StakeIts been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only 4,790.45 ether has been minted since The Merge took place on […]

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