Blockchain & crypto news from India
Ethereum’s inflation rate has experienced a notable increase, reaching 0.74%. This has prompted concerns about its traditional status as “ultrasound money,” as highlighted in Binance’s October 2024 Monthly Market Insights report. The report delves into the fact that the issuance rate of Ether has reached its peak in a span of two years. This trend…
The Grayscale Ethereum Trust (ETHE) ETF has recently encountered a significant setback, reporting a notable single-day net outflow of $31 million. This substantial outflow represents a return to a negative flow scenario after a short-lived period of stability. The $31 million withdrawal marks a sharp reversal from the previous trend, highlighting a renewed period of…
On June 18, 2021, data sourced from the NFT tracking platform CryptoSlam indicated that the Bitcoin network has surpassed the Ronin blockchain, securing the third position in the all-time non-fungible token (NFT) sales rankings. The sales figures for Bitcoin-based NFTs reached an all-time high of $4,271,928,280, surpassing Ronin’s previous record of $4,271,675,550. As a result,…
In the midst of the current market downturn, a major memecoin investor, known as a “whale,” has reaped substantial profits by offloading their MAGA (TRUMP) tokens. The whale, operating under the wallet address “0x52C0,” disposed of over 171,000 TRUMP tokens for 414 Ether, equivalent to a value of $1.44 million within the last 24 hours….
MetaMask, a crypto wallet firm, has introduced a staking service that enables users to combine their funds and stake their assets in enterprise-grade validators operated by Consensys, a blockchain software company. This service allows MetaMask wallet users to stake their Ether without having to meet Ethereum’s high minimum requirement of 32 ETH, which is currently…
Despite controversies, the fully diluted market cap of Ethereum’s much-anticipated layer-2 solution, Starknet, has surpassed $20 billion due to high demand from the airdrop. On February 20, the developers of Starknet decided to distribute around 700 million STRK tokens out of a total of 10 billion to various entities. Within the first 90 minutes of…
Two major events this week have set new expectations in the otherwise lacklustre cryptocurrency industry hit hard by scams and hacking. The Ethereum chain had moved earlier to the eco-friendly PoS system for validating transactions, but the validators cold not withdraw their staked Ether. The recent Shanghai upgrade now allows them to do so. In…
The private keys are confidential stings of text to access a cryptocurrency wallet. Until now, losing private keys meant losing access to one’s Ethereum account and its funds. A new tool called “Account Abstraction” has been launched by Ethereum that will allow an owner to recover their ETH in the absence of private keys. Referred…
After a damp affair with its switch to a POS based blockchain, Ethereum’s next big step as far as staking is concerned is the upcoming Shanghai upgrade, expected to happen sometime in March this year. As a preparatory move, the second most important crypto after bitcoin has moved closer to the aim with a shadow…
Ether is a second most well-known and popular cryptocurrency after Bitcoin. And if you intend to buy this cryptocurrency, you undoubtedly have the question of how to buy Ethereum. Ethereum is a digital asset and an open-source blockchain that anybody can use to create custom applications. Networks make it possible for anybody to build decentralized…