Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Ethereum's"


25 mentions found


Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy ether's supply is growing again and what it means for investors: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Julio Moreno, head of research at CryptoQuant, explains why he believes Ethereum's latest upgrade has made ETH inflationary once again.
Persons: explainers, Julio Moreno, Ethereum's Organizations: CNBC Crypto, CNBC
The Ethereum network successfully completed its "Dencun" upgrade on Wednesday, which is meant to help it become faster and cheaper to use. The price of ether has been trading lower since then, which was expected based on the cryptocurrency's behavior following previous tech upgrades. "High activity on the Ethereum network has caused high transaction fees and, consequently, more fees burnt," Julio Moreno, CryptoQuant's head of research, said in a note Wednesday. High transaction activity causes network fees to spike, more fees being burnt and total supply to decrease." They're hoping that the combination of increased activity and the decrease in the supply of ether over time will push the token's price higher.
Persons: CryptoQuant, Julio Moreno, CryptoQuant's, William Ogden Moore Organizations: ETH, They're, bitcoin, Securities and Exchange Locations: Dencun, Solana, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin and ether fall as investors press pause on rally: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andrew O'Neill, managing director and co-chair of S&P Global's Digital Assets Research Lab, explains the significance of Ethereum's Dencun upgrade and the impact of the upcoming bitcoin halving event on miners.
Persons: explainers, Andrew O'Neill Organizations: CNBC Crypto, CNBC, Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect consolidation among bitcoin miners post-halving: S&P Global's Andrew O'NeillAndrew O'Neill, managing director & co-chair of S&P Global's Digital Assets Research Lab, explains the significance of Ethereum's Dencun upgrade and the impact of the upcoming bitcoin halving event on miners.
Persons: Global's Andrew O'Neill Andrew O'Neill Organizations: Research
How Ethereum's Dencun upgrade helps with scalability
  + stars: | 2024-03-13 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Ethereum's Dencun upgrade helps with scalabilityTom Schmidt, general partner at the crypto venture capital and research firm Dragonfly, explains how Ethereum's Dencun upgrade helps with scalability. He also weighs in on what's moving crypto markets as bitcoin has been surging to new all-time highs.
Persons: Tom Schmidt
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther dips 0.5% after rollout of network's biggest tech upgrade in nearly a year: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Tom Schmidt, partner at the crypto VC and research firm Dragonfly, explains how Ethereum's Dencun upgrade helps with scalability. He also weighs in on what's moving markets as bitcoin has been surging to new all-time highs.
Persons: explainers, Tom Schmidt Organizations: CNBC Crypto, CNBC
Relative to bitcoin , the initial price action following the upgrade is even weaker historically, with ether underperforming 80% of the time in the first 20 days, Saunders added. Saunders warned, however, that the trading environment for crypto is different today than it was during previous Ethereum network upgrades. The scalability problem Dencun follows the "Shapella" upgrade from almost a year ago, which allowed investors to withdraw their staked ether from the network for the first time. This upgrade is focused on the longer-term goal of enhancing Ethereum's ability to handle more activity and transactions as the network grows. "The Dencun upgrade serves as an important step in addressing this congestion, which hurts users and developers alike."
Persons: Alex Saunders, Saunders, Philipp Zentner, bitcoin –, Duncan Ash, Michael Bloom Organizations: BTC, Citi, ETH, Metrics, Securities and Exchange Commission Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin prices recover after retreating from new record: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Dixon, founder and managing partner of a16z crypto, discusses his new book on blockchain technology, blockchain use cases and Ethereum's next big upgrade from ETHDenver.
Persons: explainers, Chris Dixon Organizations: CNBC Crypto, CNBC Locations: ETHDenver
The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. At its session high, bitcoin hit $54,965.26 and reached its highest level since December 2021. "Today is settlement day for bitcoin futures, which is contributing to the price jump we're seeing," said Ryan Rasmussen, analyst at Bitwise Asset Management. "We're approaching the window where we typically see traders positioning themselves ahead of the bitcoin halving, which will happen in the second half of April. Bitcoin traded flat in the week leading up to Monday, when the breakout began, and put it on track for a 27% monthly gain.
Persons: cryptocurrency, bitcoin, Ryan Rasmussen, Ether, Solana, Polygon's, Microstrategy, Bitcoin, Owen Lau, Oppenheimer, JPMorgan's Nikolaos Panigirtzoglou Organizations: Metrics, Bitwise Asset Management, JPMorgan, CNBC PRO Locations:
REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON, Dec 1(Reuters) - The Ethereum blockchain's historical greenhouse gas emissions before a major software upgrade last year were equivalent to the yearly emissions of Honduras, a University of Cambridge study showed on Friday. From its launch in 2015 until the Merge, Ethereum's greenhouse gas emissions totalled 27.5 million tonnes carbon dioxide equivalent (MtCO2e), the study showed. Its current yearly emissions are around 2.8 kilotonnes carbon dioxide equivalent, the study found - around the same as five round-trip flights from London to New York. It is generally thought that blockchain is "a highly emitting technology," said Anna Lerner, executive director at the Ethereum Climate Platform, an organisation that seeks to use blockchain tech to accelerate climate finance. The annual emissions of Bitcoin, the largest blockchain and cryptocurrency, are therefore roughly equivalent to those of Cambodia in 2020, according to Climate Watch.
Persons: Dado Ruvic, Anna Lerner, Ethereum, Alexander Neumueller, Neumueller, Tom Wilson, Alexandra Hudson Organizations: REUTERS, University of Cambridge, Global, Climate Watch, Reuters, Alexandra Hudson Our, Thomson Locations: Honduras, Dubai, London, New York, Bitcoin, Cambodia
BlackRock registered the iShares Ethereum Trust as a Delaware statutory trust on Thursday. Earlier this year, BlackRock registered a bitcoin trust in the same manner and a week later filed an application with the SEC to launch a spot bitcoin ETF. BlackRock declined to comment on the trust's creation or on any plans for an ETF filing. To date, roughly a dozen ETF providers have filed to create spot bitcoin ETFs, or convert existing products into spot ETFs, helping fuel the recent rally in the cryptocurrency. Several other ETF providers that have applied for spot bitcoin ETFs also have sought SEC approval for spot ether ETFs, including Ark Investment Management, Invesco and VanEck.
Persons: Brendan McDermid, Bitcoin, Gary Gensler, Suzanne McGee, Ira Iosebashvili, David Evans Organizations: BlackRock, New York Stock Exchange, REUTERS, SEC, U.S . Securities, Exchange Commission, Ark Investment Management, Thomson Locations: New York City, U.S, Delaware
A report out Wednesday argues that the price of the ethereum cryptocurrency may eventually climb as high as $35,000. "Layer 2 scaling solutions … are likely to grow in importance over time, particularly as architecture upgrades expected in early 2024 sharply lower fees on these platforms. ETH.CM= 1Y mountain Ether (ETH) over the past year That valuation assumes future use cases and revenue streams that may not exist yet, Kendrick noted. He highlighted gaming and tokenization of real-world assets as the next big use cases for the network. Standard Chartered expects "significant developments on these fronts by 2025-26," Kendrick said.
Persons: ethereum, Geoff Kendrick, Kendrick, — CNBC's Michael Bloom Organizations: Chartered, ETH Locations: Solana, Cardano, London
Today, the biggest challenge for Buterin and the ethereum community is making sure that it provides actual value to people. Buterin was named the world's youngest crypto billionaire at age 27 as the crypto market swelled to its peak in 2021. And he isn't, according to his own estimation, the be-all and end-all authority on the ethereum network. About the ethereum network, he says, "On the other hand, you've got your laptop. In terms of what's next for ethereum — Buterin says a big priority is focusing on privacy and scalability through zero-knowledge rollups.
Persons: Vitalik Buterin, Buterin, coder, doesn't, Czech Republic Pavel Sinagl, that's, clasped, Buterin wasn't, cryptocurrencies, Sam Bankman, Luna, they're, Dmitry, Vitalik, Dmitry Buterin, ethereum blockchains, you've, Satoshi Nakamoto, ethereum, — Buterin Organizations: CNBC PRAGUE, CNBC, Canadian, U.S . Tornado, Buterin, U.S, Securities and Exchange Commission, SEC, CFTC, People's Bank of China, tinker, Ethereum, Ethereum Foundation Locations: Prague, Russia, Czech Republic, Ukraine, Netherlands, Paralelní Polis, Holešovice, China, U.S, Africa, Argentina, Buenos Aires, San Francisco, CBDCs, Moscow, ethereum, Denver, Paris
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Deutsche Bank investment banker pleads guilty to crypto fraud: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Brian Mosoff, CEO of Ether Capital, weighs in on a new upgrade for Ethereum's network, which aims to slow down the pace of staking to avoid a surge in gas fees. He also discusses what factors could drive ether's next prolonged rally.
Persons: explainers, Brian Mosoff Organizations: Former Deutsche Bank, CNBC Crypto, CNBC, Ether
Despite ether's recent price action, the network has been thriving since the "merge" – and could just be getting started. Still, market participants are seeing and feeling the success of the Ethereum merge. Here's how Ethereum is doing on some of its post-merge goals: Yields Ether's staking reward reference rate was 5.854% per annum on Sept. 15, 2022, according to Ethereum data provider Beaconchain. The percentage of ether supply being staked has risen from 11.99% on Sept. 15, 2022, to 20.46% on Aug. 30 of this year. Burning fees and decreasing supply Ethereum has a mechanism programmed in to regulate the network's notoriously high transaction fees, called gas fees, by "burning" them.
Persons: Ethereum, it's, Ethereum haven't, Matthew Sigel, Andrew Ballinger, hadn't, Maria Shen, Shen, It's Organizations: Metrics, First, ETH, Electric Locations: Bitcoin, FTX, First Republic, Shanghai, ETH, Solana, Cardano
Liquid staking protocols give investors access to liquidity while staking their funds. In April, the total value locked in liquid staking protocols began outpacing the total value locked in lending protocols and decentralized exchanges, according to DefiLlama. Here's what investors need to know about liquid staking compared to regular staking. It's less risky Like anything in crypto, liquid staking isn't without its risks – primarily technological and regulatory. "Staking as an activity has become too risky and it's a no-brainer for many people who are considering vanilla staking versus liquid staking," said Christine Kim, vice president of research at Galaxy.
Persons: It's, Conor Ryder, Ethereum, stakers, Riad Wahby, Wahby, Christine Kim, Ryder, USDT – Organizations: Silvergate Bank, Ethena Labs, Galaxy Locations: DeFi, Shanghai, Solana, Polkadot
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEY's Paul Brody makes the case for Ethereum in enterpriseCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Paul Brody, global blockchain leader at EY, discusses his new book on how companies can implement Ethereum's blockchain.
Persons: EY's Paul Brody, explainers, Paul Brody Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSEC delays decision on spot bitcoin ETFs from BlackRock, WisdomTree and more: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Paul Brody, global blockchain leader at EY, discusses his new book on how companies can implement Ethereum's blockchain.
Persons: explainers, Paul Brody Organizations: SEC, CNBC Crypto, CNBC Locations: BlackRock, WisdomTree
July 30 (Reuters) - Cryptocurrency exchange Kraken said on Sunday that issues with cryptocurrency Ethereum's funding gateway have been resolved. "All systems operational," Kraken said on its status page, without giving details on what caused the issue. Kraken had said early on Sunday that it was investigating an issue with the Ethereum funding gateway and that it could cause a delay in deposits and withdrawals. Ethereum is the world's second-largest cryptocurrency. Reporting by Rishabh Jaiswal and Nilutpal Timsina in Bengaluru; Editing by Edwina Gibbs and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.
Persons: Kraken, cryptocurrency, Rishabh Jaiswal, Edwina Gibbs, Angus MacSwan Organizations: Thomson Locations: Bengaluru
Investors shouldn't chase the Coinbase rally that was sparked by a pop in crypto asset XRP due to a partial legal win in federal court, analysts warned. The judge also ruled that Ripple violated securities laws when selling XRP to institutions but not to retail investors. However, some analysts noted investors should stay cautious around Coinbase for a little while longer. Despite the ways Coinbase and the crypto industry can benefit from the ruling, the dark cloud of regulatory uncertainty hasn't gone away yet. He added that although the ruling is positive, it's "not a Panacea" for Coinbase.
Persons: XRP, Peter Christiansen, Bank of America's Jason Kupferberg, Kupferberg, Christiansen, Michael Bloom Organizations: of, Citi, Bank of America's, SEC, Coinbase, Bank of America, America's Locations: Southern, of New York, Cancun
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEthereum co-founder says crypto crash in 2022 helped clean out 'CeFi rot' in industryWhile the 2022 crash caused "a lot of harm," Ethereum's co-founder Joseph Lubin said it also helped draw attention to underlying issues in the crypto industry as well as new technological developments.
Persons: Ethereum's, Joseph Lubin
Monday's drop came after Binance tweeted Sunday that the Bitcoin network was "experiencing a congestion issue" and that it was temporarily closing bitcoin withdrawals as a result until the network stabilized. Some market participants have argued that the Bitcoin network is stable and Binance should have prepared for a high-fee environment on Bitcoin. Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in such situations." "There is an increasing demand for BRC-20 tokens which include transferring digital collectibles on Bitcoin network," said Oppenheimer analyst Owen Lau. On May 1, about 50% of bitcoin transactions were BRC-20 mints, Thorn highlighted in a note Friday.
Cryptocurrencies took a dip on Monday to start the week and new month as investors bet the takeover of First Republic Bank could put an end to the financial crisis, which has been the biggest driver of this year's bitcoin rally. Bitcoin fell about 4.2% to 28,137.76 to start the week and new month, according to Coin Metrics. Last week, the price of bitcoin rallied in the final week of April as troubles at the bank unfolded. "It's unclear whether the banking crisis narrative can continue to be a boon for bitcoin," said Alex Thorn, head of firmwide research at Galaxy. "Bitcoin and ether started 2023 inorganically cheap, allowing for plenty of room to move higher off a low-base effect," Thorn said.
This means traders expect bitcoin prices will increase and may be willing to pay a premium for longer-dated futures contracts in anticipation of those higher prices. The banking crisis opened many investors' eyes to the range of bitcoin's nonspeculative use cases, specifically its potential as an alternative banking system. As worries about U.S. banks have waned and inflation has eased, some are concerned the fallout from the U.S. banking crisis could tilt the economy into recession this year. The drop in bitcoin volatility also comes as the stock market's "fear index," the Cboe Volatility Index , has fallen to about 17 from 26 at the height of the banking crisis. New catalysts for volatility While the banking crisis briefly put some life back into the crypto market , tension between the crypto industry and U.S. regulators remains as a dark cloud over it.
Bitcoin has been closely correlated with stock indexes, in particular the Nasdaq, which rose on Wednesday after the U.S. Federal Reserve hiked interest rates by 0.75 percentage point. The price of bitcoin was last lower by about 3% and trading at $29,202.54, while ether fell 5% to $1,977.28. Bitcoin slid toward $29,000 on Wednesday as traders mulled over the likelihood that Federal Reserve rate cuts may be further away than they thought. Meanwhile in the U.S., Atlanta Federal Reserve President Raphael Bostic said Tuesday that he anticipates one more 25 basis point interest rate increase and then a hold "for quite some time." "It is hard to trust any crypto rally with the state of market liquidity, so a sharp drop towards the downside is hardly a surprise."
Total: 25