Ethereum News

Ethereum Prediction for February 2023 – Are things looking good for ETH?

Just like Bitcoin, the Ethereum price has risen sharply in recent weeks. After gaining more than 30%, the price is now above $1,550. Now it’s February and the price is faced with a decision: will Ethereum price continue to rise or will there be a crash? Let’s analyze in this Ethereum prediction for February 2023. Is Ethereum UP…

Ethereum News

Embattled Signature Bank Caps SWIFT Access For Binance, Raising Concerns

A recent update by Binance has revealed that Signature Bank, a major SWIFT gateway service provider, will partially terminate access to Binance customers starting in February. The update sent by Binance, which a customer tweeted, read thus:  “The banking partner that serves your account has advised that they are no longer able to process SWIFT…

Ethereum News

Ethereum Releases ‘Shadow Fork’ For The Much-Anticipated Shanghai Upgrade

The fork is a test environment for the upcoming Shanghai upgrade. Shanghai is expected to unlock the withdrawals of the staked ETH in the Beacon chain. Blockchain developers successfully launched a ‘shadow fork’ for the upcoming Shanghai upgrade in the Ethereum blockchain. The shadow fork – a test model for the actual mainnet that lets…

Ethereum News

Vitalik Buterin Uncovers ‘Missing Link’ For Creating Transaction Privacy on Ethereum

Vitalik Buterin, the co-founder of Ethereum, recently released a guideline for bringing privacy to transactions on the Ethereum network. In a comprehensive blog post tweeted on Friday, the 23-year-old billionaire broke down the concept of stealth addresses, adding that Ethereum is working to develop the concept as a solution to the ‘last remaining challenge’ for…

Ethereum News

Report Shows Growth In Multiple Ethereum Layer 2 Networks; Polygon Leads The Pack

Recent data shows an astonishing growth of users and transactions among Ethereum’s growing list of layer 2 networks.  Polygon, Optimism, and Arbitrum have recorded increased daily user activity by 30%, 180%, and 40%, respectively.  Polygon has been tipped for massive successes this year with several network upgrades and more web3 projects before Q2 2023. The…

Ethereum News

Bitcoin Targets $25,000 In Ultra-Bullish Breakout as Whales Double Down On Gigantic BTC Buys

On Saturday, Bitcoin and Ether, the two biggest crypto assets by market capitalization, saw additional gains as the broader crypto industry kept on its unforeseen surge this year. At press time, Bitcoin was holding steady at about $22,821 after growing over 10% in the past 24 hours. Bitcoin’s epic surge comes after it encountered minor…

Ethereum News

Bad Actors Could Continue Exploits In 2023, Security Firm Advises On Private Keys

Cybersecurity firm CertiK warns that malicious actors may continue to exploit decentralized applications in 2023.  The firm has also cautioned users to guard their private keys as the success rate of bad actors could be due to poor user security.  Wallet developers and crypto executives to intensify user education efforts this year to avoid losses….

Ethereum News

RBI Calls for a Common Global Approach On Cryptocurrencies

The Reserve Bank of India (RBI) has once again expressed concerns over the growing digital asset ecosystem. In particular, it cited the recent turmoil in the cryptocurrency sector as one of the global micro financial risks. In its latest Financial Stability Report, the Indian central bank says a common approach is necessary to ensure consumer…

Ethereum News

Early Q1 2023 Crypto Prices Rally On Favourable US Inflation Data

Thursday, January 12, 2023, saw the release of December 2022 US inflation figures by the Bureau of Labor Statistics. The Consumer Price Index (CPI) dropped by 0.1% in December 2022 largely due to declines in both the gasoline and energy indices. Annual Headline CPI rose by 6.5% and the December 2022 unemployment rate was down…