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Ethereum News Today – September 9, 2020

Ethereum is still in bearish control The coin just posted a sharp rebound The outlook remains unclear at press time Ethereum news today – The price of Ethereum has posted a sharp drop from its recent lows at press time. The bulls and bears are still engaged in a heated fight for control over ETH’s mid-term movement. This price action is unclear at the moment because Ether is facing multiple firm selloffs in the last few days. Continue reading Ethereum News Today – September 9, 2020 at Smartereum.

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ETH Just Hit A 2-Year High, The Fees Are At An All Time High

The ETH news today show that Ethereum rallied in the last hours of Thursday and managed to post new highs. In fact, ETH just hit a 2-year high and a level which was last seen in August 2018, while the transaction fees of the coin reached a new all-tie high. At press time, ETH is trading at $426 and is up by more than 7% compared to yesterday and around 8% in a week. All of this helped the coin to increase its monthly gains to 74% as of now. You can see a detailed price chart illustrating the rise…

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Ethereum’s Hashrate Surges to a 20-Month High Amid the DeFi Boom

As decentralized finance tokens are continuously posting positive rallies, the world’s second-largest blockchain Ethereum’s network hashrate has skyrocketed. According to the data provided by Etherscan and Glassnode, the hashrate of the Ethereum network has reached a 20-month high. The Rapid DeFi growth boosts Ethereum’s hashrate For over the course of the last few months, the decentralized finance (DeFi) market is growing rapidly. This impressive DeFi growth has boosted the network hashrate of Ethereum. The Ethereum’s network hashrate has climbed high to reach 201,000,000 GH/s. According to the chart shared by Etherscan, the ETH network hashrate has reached this level for…

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The transition to Ethereum 2.0 and its proof-of-stake consensus mechanism is finally underway

  Ethereum developers have launched a “validator launchpad” on the Medalla testnet, according to an announcement made on Monday. The purpose of this will be to inform and educate validators who would be part of the future multi-stage rollout of the network’s prime upgrade.   Ethereum 2 will prove to be a game-changer as it will shift from proof-of-work (PoW) to proof-of-stake (PoS), changing the world’s biggest smart contract platform.   In PoW, miners are responsible for securing transactions through complex hardware. This is then added to a cryptographically secured data block in a series or chain.   On the…

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ETH1.0 to ETH2.0 Mergers Are Already Happening as Final Testnet Draws Closer

Ethereum is on the verge of launching its ETH2.0 testnet in the first week of August and ETH developers are showing great progress for this. The co-founder of Ethereum Vitalik Buterin has shared an update on Ethereum blockchain mergers and says that Ethereum developers are already working on ETH 1.0 to ETH 2.0 mergers. The co-founder shared the tweet of Danny Ryan the lead developer of the project. Work on "the eth1 -> eth2 merge" is already happening. https://t.co/TfErDqcc9B — vitalik.eth (@VitalikButerin) July 23, 2020 As per the screenshot shared by Danny Ryan in the tweet, Ethereum has planned on…

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Binance Plans to Move BUSD On a Bridge Between Syscoin and Ethereum Blockchains

The world’s top crypto exchange in terms of trading volume Binance is going to transfer its stable coin BUSD on a bridge developed between two blockchains Syscoin and Ethereum. With this, Binance’s BUSD stable coin will be present for the first time on the Syscoin blockchain. BUSD holders can move coins across blockchains The integration of the BUSD stablecoin on the Syscoin-Ethereum bridge will bring up various opportunities for the users of this stablecoin. BUSD holders will be allowed to move their coins across these two blockchains on the bridge. Talking on this, the crypto exchange said that this move…

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Eth-based fantasy football gaming startup has made a home run by raising $4M in a seed funding round

Sorare a fantasy football gaming startup, based on Ethereum has raised $4 million in a seed funding round. E.ventures led the round, where numerous footballers from all over the world participated such as German professional footballer Andre Schurrle, Ledger co-founder Thomas France, and venture firms Partech, Fabric Venture, and Semantic Ventures. According to Block, Sorare is planning ahead to expand its team size from 6 to 12 by hiring the required professionals such as full-stack engineers, a game economist, and a game designer. The spokesperson also told Block that Sorare could further expand its team to 20-25 by hiring more…

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Ethereum has outperformed Bitcoin in New Active Addresses since the beginning of 2020

Ethereum has witnessed a significant increase in new active addresses as the second-ranked coin has blasted the first-ranked digital coin Bitcoin in terms of having the more number of active addresses as per the data report by the blockchain monitoring firm Messari. Ethereum’s number of active addresses surges high than Bitcoin Since the beginning of the year 2020, the new active addresses have been increasing for Ethereum. According to the data from Messari, the number has surged by approximately 150% during this time and has completely outshined the leading cryptocurrency Bitcoin in this case which witnessed an increase of 50%…

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StableCoin Tether has blacklisted 39 addresses from using USDT

Tether, the issuer of the leading stablecoin USDt, has blacklisted 39 Ethereum addresses since November 2017 that were holding stable coin. According to Philippe Castonguay, who is an Ethereum researcher at Horizon Games, claimed that 24 out of the total 39 addresses that were identified were blacklisted by Tether this year. He also created a dashboard on Dune Analytics that enlists the addresses that Tether blacklisted. The addresses that Tether blacklisted have huge amount of money even up to millions worth of USDt in them combined. The latest one has infact, nearly $1 million worth of tokens in it. Turns…

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