Bitcoin Exchange Kraken to Fund Ethereum Projects

Kraken will provide funding to the Ethereum ecosystem. The San Francisco cryptocurrency exchange has pledged to match $150,000 in donations to fund Ethereum projects with Gitcoin. Kraken Funds Ethereum The exchange will provide the funds as part of Gitcoin Grants Round 8, which is happening from Dec. 2 through Dec. 17. It’s the company’s first donation to an Ethereum project, and they’ll be the lead contributor to the funding.  Kraken’s funding will go to teams in the “Ethereum Infrastructure Tech” category, aimed at projects building key software for the blockchain.…

Grayscale Follows Tesla by Splitting Ethereum Shares

Key Takeaways Grayscale has announced plans to split its Ethereum shares (ETHE) later in the month. This will create eight shares for each currently held share. In traditional equities, this sort of split is often seen as bullish. Share this article Crypto investment firm Grayscale has announced a share split of its Ethereum Trust Fund (ETHE), offering eight additional shares for each share currently held by shareholders. Split Will Occur in Mid-December Beginning Dec. 17, the outstanding number of shares for Grayscale’s Ethereum Trust will increase from 29.5 million to…

Ampleforth Makes Surprise Expansion Beyond Ethereum

Key Takeaways Ampleforth is set to launch on Polkadot, NEAR, and TRON. It will also continue to run on Ethereum. This makes AMPL a blockchain-agnostic cryptocurrency. The announcement comes as Ethereum attempts to solve its congestion issues and high transaction costs. Share this article Ampleforth will bring its Ethereum-based stablecoin to three other blockchains, according to an announcement from the team. AMPL to Expand Within Months Within the next few months, the AMPL token will be available on NEAR, TRON, and Polkadot’s Alcala parachain. Though Ampleforth will still be available…

Ethereum 2.0 still has a long road ahead, MEW founder says

Ethereum 2.0 launched its Beacon Chain on Tuesday, marking the project’s transition to a proof-of-stake, or PoS, mining algorithm. With Phase 0 now in the rearview mirror, the founder and CEO of MyEtherWallet, Kosala Hemachandra, recently explained the next hurdle for Eth2.  “I think the question should be, what is not the next hurdle for ETH 2.0,” Hemachandra told Cointelegraph, adding: “Basically, after the beacon chain launch, Ethereum will focus on phase 1 specs. It will go through a lot of iterations similar to phase 0 and tons of bug…

Visa Issuing Card for USDC Payments on Ethereum

Key Takeaways Visa is partnering with Circle Internet Financial, the team behind the popular ERC-20 stablecoin USDC. Circle will help Visa credit card issuers integrate USDC software to enable fast cryptocurrency payments. Visa also plans to issue a card for sending and receiving USDC payments. Share this article Visa is doubling down on stablecoins.  The credit card giant has announced a collaboration with Circle, the team behind the Ethereum-based token USDC. The partnership will give Visa’s network of 60 million merchants access to the dollar-pegged digital currency.  Visa Launches USDC…

Vitalik Buterin outlines next steps for Ethereum after Beacon Chain launch

Following the successful launch of Ethereum 2.0 Phase 0 — the first concrete step in building the next iteration of the protocol — Ethereum co-founder Vitalik Buterin published an updated roadmap of what comes next for the project. The current development of Ethereum 2.0 is generally divided into phases. Phase 0 is the barebones Beacon Chain that enables staking but has no effect on the application layer. Phase 1 introduces sharding of data, increasing storage capabilities without directly influencing application performance. Finally, Phase 2 fully introduces transaction sharding and enables the promised…

Grayscale Ethereum Trust to implement 9-for-1 share split

Digital asset manager Grayscale has announced a share split for its Ethereum Trust — a move that could make the fund more attractive to individual investors.  In an official press release, Grayscale announced Wednesday that the split will be implemented on Dec. 17, with shareholders of record receiving eight additional shares for each one they currently own. To be eligible for the split, investors need to be on the shareholder record by Dec. 14. Grayscale says the fund currently has 29,502,100 shares at a value of 0.09284789 Ether (ETH) per…

Ethereum Near Inflection Zone, Why ETH Could Tumble Below $570

Ethereum traded to a new yearly high at $636 before correcting lower against the US Dollar. ETH price is showing bearish signs and it could decline heavily if there is a break below $570. Ethereum started a downside correction after trading to a new yearly high at $636. The price is trading below the $600 level and approaching the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $590 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely…

Why Ethereum price corrected sharply despite today’s Eth2 milestone

The price of Ether (ETH), the native cryptocurrency of Ethereum, plunged harder than Bitcoin (BTC) in the recent pullback.  After reaching an all-time high on Coinbase, the price of Bitcoin fell steeply by over 9% within several hours. In the same period, Ether corrected by over 11%, following a marketwide pullback. The deep correction in Ether comes as a surprise because of the Ethereum 2.0 network upgrade launch. On Dec. 1, the Eth2 Beacon Chain released on the mainnet, marking an important milestone for Ethereum. ETH/USDT 4-hour chart. Source: TradingView.com…

Binance Launches Ethereum 2.0 Staking Rewards Today

Binance users will participate in ETH 2.0 block creation, staking funds to help validate transactions on the new network, and receive rewards in return. The ETH 2.0 update will take years to implement fully, and major exchanges offering staking services are important in its adoption. Under ETH 2.0, the Ethereum network will use Proof of Stake (PoS) to secure the network and validate transactions. ETH 2.0 staking requires 32 ETH to generate income, but Binance Staking will allow users to stake smaller amounts and earn funds by staking on-chain. ETH…