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Ethereum founder Vitalik Buterin donates 99 $ETH ($150,000) to support victims of the Turkey-Syria earthquake.
#vitalik #ethereum #donation #crypto2023 #cryptoonindia
#vitalik #ethereum #donation #crypto2023 #cryptoonindia
In the complaint, the SEC said Sun and his companies employed "bounty programs" that directed users to complete certain tasks, such as social media promotions, in exchange for tokens.
#cryptotrading #dyor #vitalik
#cryptotrading #dyor #vitalik
Ethereum stakers have high confidence in the altcoin, can it catalyze ETH price rally?
Ethereum 2.0 stakers have seen realized value completely taper off over the past ten weeks.Ā
Ethereum tokens deposited in the ETH2 deposit contract hit a new all-time high despite long-term stakers being down an average of 31%.Ā
ETH stakers and long-term holders remain confident of Ethereum price rally despite average losses.Ā
Ethereum 2.0 staking remained popular among holders despite long-term stakers facing average losses of nearly 31%. Over the past ten weeks, realized value of Ethereum (ETH), the average price of Ether supply valued at the day each coin was last transacted on-chain, has eroded.Ā
Despite the mounting pressures,Ā EthereumĀ stakers and long-term holders seem to be undeterred. ETH market participants are anticipating a recovery in the altcoinās price.Ā
Ethereum staked in ETH2 deposit contract continues rising
As the Ethereum Shanghai upgrade ā and the ETH token unlock event ā is drawing close, stakers are pouring the altcoin in the ETH2 deposit contract. The total number ofĀ EthereumĀ tokens deposited in the contract has climbed to 17.52 million, based on data from crypto intelligence tracker Nansen.
According to experts from crypto intelligence tracker Santiment, Ethereum 2.0 stakers have seen an erosion of realized price over the past 10 weeks. Analysts at Santiment note that long-term stakers are down an average of 31%. Despite the unrealized losses, the volume of stakedĀ ETHĀ continues climbing.Ā
The Ethereum network recently surpassed 1.9 billion transactions. This marks an important milestone for the altcoinās journey. The second-largest cryptocurrency by market capitalization has sustained above the $1,553 level, after its recent decline from $1,600 on March 3.Ā
Based on data from IntoTheBlock, the $1,525 level is key support for Ethereum as 5.93 million wallet addresses accumulated ETH between $1,272.13 and $1,525. If the support wall at $1,525 holds, the altcoin could climb higher.Ā
#Ethereum #vitalik #buildtogether #crypto2023 #binancepaymarketplace
Ethereum tokens deposited in the ETH2 deposit contract hit a new all-time high despite long-term stakers being down an average of 31%.Ā
ETH stakers and long-term holders remain confident of Ethereum price rally despite average losses.Ā
Ethereum 2.0 staking remained popular among holders despite long-term stakers facing average losses of nearly 31%. Over the past ten weeks, realized value of Ethereum (ETH), the average price of Ether supply valued at the day each coin was last transacted on-chain, has eroded.Ā
Despite the mounting pressures,Ā EthereumĀ stakers and long-term holders seem to be undeterred. ETH market participants are anticipating a recovery in the altcoinās price.Ā
Ethereum staked in ETH2 deposit contract continues rising
As the Ethereum Shanghai upgrade ā and the ETH token unlock event ā is drawing close, stakers are pouring the altcoin in the ETH2 deposit contract. The total number ofĀ EthereumĀ tokens deposited in the contract has climbed to 17.52 million, based on data from crypto intelligence tracker Nansen.
According to experts from crypto intelligence tracker Santiment, Ethereum 2.0 stakers have seen an erosion of realized price over the past 10 weeks. Analysts at Santiment note that long-term stakers are down an average of 31%. Despite the unrealized losses, the volume of stakedĀ ETHĀ continues climbing.Ā
The Ethereum network recently surpassed 1.9 billion transactions. This marks an important milestone for the altcoinās journey. The second-largest cryptocurrency by market capitalization has sustained above the $1,553 level, after its recent decline from $1,600 on March 3.Ā
Based on data from IntoTheBlock, the $1,525 level is key support for Ethereum as 5.93 million wallet addresses accumulated ETH between $1,272.13 and $1,525. If the support wall at $1,525 holds, the altcoin could climb higher.Ā
#Ethereum #vitalik #buildtogether #crypto2023 #binancepaymarketplace
Vitalik Buterin has emphasized the importance of self-custody for safeguarding assets. Via a Reddit post, he explains that social recovery and multi-signature solutions can help achieve this goal.
#vitalik #Binance #BTC #BNB #crypto2023
#vitalik #Binance #BTC #BNB #crypto2023
Where does Vitalik Buterinās allegiance lie: RAI or Circleās stablecoin USDC?
Vitalik Buterinās wallet addresses converted 20,040 RAI to 56,746 USDC earlier today.Ā
Buterin has previously shared his optimism on Reflexerās algorithmic stablecoin that is backed by Ethereum.Ā
It is uncertain whether Buterinās move can be interpreted as support for Circleās stablecoin USDC.Ā
EthereumĀ co-founder Vitalik Buterin recently converted his holdings of algorithmic stablecoin Reflexer (RAI) into Circleās stablecoin USDC. It is uncertain whether this is support for the stablecoin during its crisis or a strategic move.Ā
Circleās US Dollar pegged stablecoin USDC is currently battling a crisis. USDC lost its $1 parity and nosedived to $0.90. The stablecoin hit an all-time low of $0.87 earlier today. The collapse of the Silicon Valley Bank and Circleās exposure to the institution triggered the depeg and the subsequent price drop.Ā
Several other stablecoins like FRAX, DAI, USDP and TUSD have suffered a decline in price amidst rising uncertainty in the crypto ecosystem. It is likely that crypto market participants are turning to stablecoins like RAI and LUSD, with limited to no exposure to Circle and its stablecoinĀ USDC.Ā
Vitalik Buterin converts RAI to USDC: Show of support or something else
EthereumĀ co-founder Buterin converted 20,040 Reflexer tokens to 56,746 USDC on Saturday. The Etherscan transaction is shown below:
Reflexerās algorithmic stablecoin has previously garnered positive commentary from theĀ EthereumĀ co-founder. Buterin has shared his optimism about RAI in the past. Buterinās latest move is currently open to interpretation and it is uncertain whether the ETH co-founder is supporting USDC in its crisis or just shedding his RAI holdings.Ā
Until June 2020, Circleās stablecoin USDC was exclusive to the Ethereum blockchain. In June 2020, Centre, the collaboration between Circle and Coinbase announced a framework for multi-chain support for USDC. It is likely that Buterin is extending support to USDC, converting his algorithmic stablecoin holdings into Circleās stablecoin.Ā
Where does Ethereum stand when trouble is brewing in DeFi?
Circleās USDC is one of the important elements of the DeFi ecosystem. So are the other stablecoins that are currently suffering a depeg. Amidst wider crypto market uncertainty, the DeFi ecosystem is hit by the declining total volume locked on networks like Ethereum.Ā
Analysts at Citron Research, a stock commentary firm believeĀ EthereumĀ is at risk of a decline to $350. The technical experts argue the case that Ethereum is a security and the New York State Attorney General is set to āend the charade.ā
Attorney General Letitia James recently filed a suit against KuCoin, alleging that the exchange is violating securities laws, arguing āEthereum is a security.ā When the AG focuses on the Ethereum Network, analysts expect that James could uncover self-dealing, ICO transactions, multiple attempts to avoid federal laws of taxation and securities, all while being controlled by a small group of people.Ā
Experts believe switching from Proof-of-Work to Proof-of-Stake turned Ethereum into a security and made it an investment vehicle, not just a smart contract network. Experts have drawn parallels between Vitalikās altruism and defunct FTX exchange founder Samuel Bankman-Friedās charity efforts.Ā
Citron Researchers believe $175 billion in market capitalization puts Ethereum at the same level as Open AI, Twitter (TWTR), Chipotle Mexican Sausage (CMG) and Lululemon Athletica Inc (LULU) combined.Ā Citronās take on Ethereum has garnered mass criticism on Twitter, however it remains to be seen where ETH is headed next with Circleās fast spreading contagion.Ā
#vitalik #Ethereum #usdc #buildtogether #koinmilyoner
Buterin has previously shared his optimism on Reflexerās algorithmic stablecoin that is backed by Ethereum.Ā
It is uncertain whether Buterinās move can be interpreted as support for Circleās stablecoin USDC.Ā
EthereumĀ co-founder Vitalik Buterin recently converted his holdings of algorithmic stablecoin Reflexer (RAI) into Circleās stablecoin USDC. It is uncertain whether this is support for the stablecoin during its crisis or a strategic move.Ā
Circleās US Dollar pegged stablecoin USDC is currently battling a crisis. USDC lost its $1 parity and nosedived to $0.90. The stablecoin hit an all-time low of $0.87 earlier today. The collapse of the Silicon Valley Bank and Circleās exposure to the institution triggered the depeg and the subsequent price drop.Ā
Several other stablecoins like FRAX, DAI, USDP and TUSD have suffered a decline in price amidst rising uncertainty in the crypto ecosystem. It is likely that crypto market participants are turning to stablecoins like RAI and LUSD, with limited to no exposure to Circle and its stablecoinĀ USDC.Ā
Vitalik Buterin converts RAI to USDC: Show of support or something else
EthereumĀ co-founder Buterin converted 20,040 Reflexer tokens to 56,746 USDC on Saturday. The Etherscan transaction is shown below:
Reflexerās algorithmic stablecoin has previously garnered positive commentary from theĀ EthereumĀ co-founder. Buterin has shared his optimism about RAI in the past. Buterinās latest move is currently open to interpretation and it is uncertain whether the ETH co-founder is supporting USDC in its crisis or just shedding his RAI holdings.Ā
Until June 2020, Circleās stablecoin USDC was exclusive to the Ethereum blockchain. In June 2020, Centre, the collaboration between Circle and Coinbase announced a framework for multi-chain support for USDC. It is likely that Buterin is extending support to USDC, converting his algorithmic stablecoin holdings into Circleās stablecoin.Ā
Where does Ethereum stand when trouble is brewing in DeFi?
Circleās USDC is one of the important elements of the DeFi ecosystem. So are the other stablecoins that are currently suffering a depeg. Amidst wider crypto market uncertainty, the DeFi ecosystem is hit by the declining total volume locked on networks like Ethereum.Ā
Analysts at Citron Research, a stock commentary firm believeĀ EthereumĀ is at risk of a decline to $350. The technical experts argue the case that Ethereum is a security and the New York State Attorney General is set to āend the charade.ā
Attorney General Letitia James recently filed a suit against KuCoin, alleging that the exchange is violating securities laws, arguing āEthereum is a security.ā When the AG focuses on the Ethereum Network, analysts expect that James could uncover self-dealing, ICO transactions, multiple attempts to avoid federal laws of taxation and securities, all while being controlled by a small group of people.Ā
Experts believe switching from Proof-of-Work to Proof-of-Stake turned Ethereum into a security and made it an investment vehicle, not just a smart contract network. Experts have drawn parallels between Vitalikās altruism and defunct FTX exchange founder Samuel Bankman-Friedās charity efforts.Ā
Citron Researchers believe $175 billion in market capitalization puts Ethereum at the same level as Open AI, Twitter (TWTR), Chipotle Mexican Sausage (CMG) and Lululemon Athletica Inc (LULU) combined.Ā Citronās take on Ethereum has garnered mass criticism on Twitter, however it remains to be seen where ETH is headed next with Circleās fast spreading contagion.Ā
#vitalik #Ethereum #usdc #buildtogether #koinmilyoner
Vitalik Buterin Clarifies on Recent Crypto Transfers to Exchanges
Ethereum co-founder Vitalik Buterin has been making massive movements of cryptocurrencies over the past few days creating a buzz in the market. Just recently, Buterin conducted a $15 Million USDC transfer to crypto exchange Gemini.
Vitalik Buterin Clarifies on ETH Transfers
While the crypto community remains confused about the motive behind these transfers, the Ethereum co-founder has come clean explaining his intent behind selling these coins. In one of his recent posts, Buterin noted:
If you see an article saying āVitalik sends XXX ETH to [exchange]ā, itās not actually me selling, itās almost always me donating to some charity or nonprofit or other project, and the recipient selling because, well, they have to cover expenses. I havenāt āsoldā ETH for personal gain since 2018.
Vitalik Buterin receives a number of cryptocurrencies in his wallet with new crypto projects sending his tokens at the early stage of launch on Ethereum. As a result, the Ethereum co-founder has held the practice of regularly donating all the crypto that he receives.
Buterin was an active donor during the COVID-19 times and has donated millions of dollars to help victims sail through the tough phase.
However, over the last month, he has turned much more active with frequent transfers to the exchanges. Interestingly, this comes at a time when the market has been facing strong selling pressure that thereby makes the crypto community skeptical. Earlier in October, Buterin also transferred $1.64 million worth of ETH to the Bitstamp exchange.
#Ethereum #ETH #cryptonews #etf #vitalik
Ethereum co-founder Vitalik Buterin has been making massive movements of cryptocurrencies over the past few days creating a buzz in the market. Just recently, Buterin conducted a $15 Million USDC transfer to crypto exchange Gemini.
Vitalik Buterin Clarifies on ETH Transfers
While the crypto community remains confused about the motive behind these transfers, the Ethereum co-founder has come clean explaining his intent behind selling these coins. In one of his recent posts, Buterin noted:
If you see an article saying āVitalik sends XXX ETH to [exchange]ā, itās not actually me selling, itās almost always me donating to some charity or nonprofit or other project, and the recipient selling because, well, they have to cover expenses. I havenāt āsoldā ETH for personal gain since 2018.
Vitalik Buterin receives a number of cryptocurrencies in his wallet with new crypto projects sending his tokens at the early stage of launch on Ethereum. As a result, the Ethereum co-founder has held the practice of regularly donating all the crypto that he receives.
Buterin was an active donor during the COVID-19 times and has donated millions of dollars to help victims sail through the tough phase.
However, over the last month, he has turned much more active with frequent transfers to the exchanges. Interestingly, this comes at a time when the market has been facing strong selling pressure that thereby makes the crypto community skeptical. Earlier in October, Buterin also transferred $1.64 million worth of ETH to the Bitstamp exchange.
#Ethereum #ETH #cryptonews #etf #vitalik
Uncovering the Truth: How Vitalik Ignored the Better Standard,Costing Ethereum Millions in Lost Fund
Cryptocurrencies have been the talk of the town for a while now, and Ethereum is undoubtedly one of the most well-known platforms in this industry. But even the most innovative systems have their weaknesses, and Ethereum's ERC20 token standard is a prime example of it.
ERC20 tokens are the most widely used standard in the Ethereum ecosystem, enabling developers to create their tokens on top of the platform. However, this token standard has significant vulnerabilities that can lead to the loss of millions of dollars in funds. For instance, it has been reported that over $20 million worth of tokens have been lost due to human error in the form of sending tokens to the wrong address or poorly written smart contracts.
Fortunately, there is a solution to this problem: ERC223. This new standard was introduced by a developer named Dexaran, who saw the shortcomings of the ERC20 standard and proposed a better alternative.
What is ERC223?
ERC223 is an improvement over ERC20, designed to fix the issues that come with the ERC20 standard. The ERC223 token standard solves the issue of lost funds due to human error by introducing a new feature called tokenFallback. This feature allows the smart contract to reject invalid token transfers, preventing the loss of funds. Additionally, ERC223 tokens can be sent directly to a contract without the need for a separate transaction, making it more efficient and cost-effective. This new standard also enables token contracts to interact with other contracts in a more secure manner.
Why did Vitalik Buterin ignore ERC223?
Despite the numerous advantages of the ERC223 standard, Vitalik Buterin, the co-founder of Ethereum, chose to ignore it and stick with ERC20. When asked about it, Vitalik stated that he was aware of the ERC223 standard. Vitalik personally recommended changes to the ERC-223 proposal, but then later withdrew his support without explanation. Dexaran believes that Vitalik's decision was motivated by his desire to maintain the dominance of the ERC-20 standard and avoid disrupting the Ethereum ecosystem. This negligence on Vitalik's part has led to significant losses in the Ethereum ecosystem, and it is unfortunate that he chose to ignore a better standard that could have saved millions of dollars.
Dexaran's role in the development of ERC223
Dexaran is a developer who proposed the ERC223 token standard as a solution to the flaws in the ERC20 standard. He recognized the importance of securing the Ethereum ecosystem and worked tirelessly to create a better standard. Despite facing opposition from Vitalik and other Ethereum developers, Dexaran persisted and continued to develop the ERC223 standard. He even created the Callisto Network, a blockchain platform that uses the ERC223 standard and focuses on improving security and efficiency in the cryptocurrency industry.
Callisto Network and its impact on the crypto community
Callisto Network has emerged as a new contender in the cryptocurrency industry, focusing on improving security and efficiency. It provides a safer environment for developers to create smart contracts and tokens, using the ERC223 standard to prevent lost funds and other vulnerabilities. Callisto Network's innovation has helped shape the future of cryptocurrencies, offering solutions to some of the most pressing issues in the industry. By providing a secure platform for developers to create their tokens, Callisto Network is helping to build a more sustainable and trustworthy crypto ecosystem.
Conclusion
The ERC20 token standard is undoubtedly a significant milestone in the development of the Ethereum ecosystem. However, its weaknesses have led to the loss of millions of dollars, which could have been avoided if a better standard had been implemented. Fortunately, developers like Dexaran and platforms like Callisto Network are working towards a more secure and efficient future for cryptocurrencies. With the use of the ERC223 standard and other innovative solutions, the crypto community can look forward to a brighter and more secure future.
#Binance #keepbuilding #ETH #buildtogether #BTC
ERC20 tokens are the most widely used standard in the Ethereum ecosystem, enabling developers to create their tokens on top of the platform. However, this token standard has significant vulnerabilities that can lead to the loss of millions of dollars in funds. For instance, it has been reported that over $20 million worth of tokens have been lost due to human error in the form of sending tokens to the wrong address or poorly written smart contracts.
Fortunately, there is a solution to this problem: ERC223. This new standard was introduced by a developer named Dexaran, who saw the shortcomings of the ERC20 standard and proposed a better alternative.
What is ERC223?
ERC223 is an improvement over ERC20, designed to fix the issues that come with the ERC20 standard. The ERC223 token standard solves the issue of lost funds due to human error by introducing a new feature called tokenFallback. This feature allows the smart contract to reject invalid token transfers, preventing the loss of funds. Additionally, ERC223 tokens can be sent directly to a contract without the need for a separate transaction, making it more efficient and cost-effective. This new standard also enables token contracts to interact with other contracts in a more secure manner.
Why did Vitalik Buterin ignore ERC223?
Despite the numerous advantages of the ERC223 standard, Vitalik Buterin, the co-founder of Ethereum, chose to ignore it and stick with ERC20. When asked about it, Vitalik stated that he was aware of the ERC223 standard. Vitalik personally recommended changes to the ERC-223 proposal, but then later withdrew his support without explanation. Dexaran believes that Vitalik's decision was motivated by his desire to maintain the dominance of the ERC-20 standard and avoid disrupting the Ethereum ecosystem. This negligence on Vitalik's part has led to significant losses in the Ethereum ecosystem, and it is unfortunate that he chose to ignore a better standard that could have saved millions of dollars.
Dexaran's role in the development of ERC223
Dexaran is a developer who proposed the ERC223 token standard as a solution to the flaws in the ERC20 standard. He recognized the importance of securing the Ethereum ecosystem and worked tirelessly to create a better standard. Despite facing opposition from Vitalik and other Ethereum developers, Dexaran persisted and continued to develop the ERC223 standard. He even created the Callisto Network, a blockchain platform that uses the ERC223 standard and focuses on improving security and efficiency in the cryptocurrency industry.
Callisto Network and its impact on the crypto community
Callisto Network has emerged as a new contender in the cryptocurrency industry, focusing on improving security and efficiency. It provides a safer environment for developers to create smart contracts and tokens, using the ERC223 standard to prevent lost funds and other vulnerabilities. Callisto Network's innovation has helped shape the future of cryptocurrencies, offering solutions to some of the most pressing issues in the industry. By providing a secure platform for developers to create their tokens, Callisto Network is helping to build a more sustainable and trustworthy crypto ecosystem.
Conclusion
The ERC20 token standard is undoubtedly a significant milestone in the development of the Ethereum ecosystem. However, its weaknesses have led to the loss of millions of dollars, which could have been avoided if a better standard had been implemented. Fortunately, developers like Dexaran and platforms like Callisto Network are working towards a more secure and efficient future for cryptocurrencies. With the use of the ERC223 standard and other innovative solutions, the crypto community can look forward to a brighter and more secure future.
#Binance #keepbuilding #ETH #buildtogether #BTC
Ethereum (ETH) founder Vitalik Buterin has reportedly donated $15 million USDC to relief fund UC San Diego.
#vitalik #ETH #BTC #crypto2023 #Build
#vitalik #ETH #BTC #crypto2023 #Build