New Layer 2 Solutions Help Ethereum Scale to Over 2,000 TPS

Key Takeaways Layer two scaling solutions promise to bring scalability to Ethereum before the launch of ETH 2.0. Starkware’s ZK Rollup solution can theoretically scale Ethereum for over 50 million users while keeping fees below $0.01. For users to trust second layer solutions, wallet providers must bake in mechanisms that guarantee users won’t lose their funds. Share this article Ethereum’s scalability has gotten an enormous boost from layer 2 infrastructure. The new technology will make Ethereum more efficient, but added complexities make it difficult for users to migrate immediately. The…

Ethereum Hesitates Near $250 But Further Gains Seem Likely

Ethereum is gaining bullish momentum and it recently tested the $250 resistance against the US Dollar. ETH price is likely to continue higher above the $255 and $260 resistance levels. Ethereum is showing a lot of positive signs above the $240 level. The price is currently struggling to gain bullish momentum above the $250 resistance zone. There is a key bullish trend line forming with support near $242 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher above the $255 and $260…

Ethereum and Cardano Post Major Gains Ahead of Network Upgrades

Speculation around Ethereum and Cardano will surge as major network upgrades near completion. Key Takeaways Ethereum is trending up, but demand may rise further in anticipation of ETH 2.0. Cardano is up 50% in the past week after its founder revealed that the Shelley upgrade should come out next month. While some investors begin to FOMO, ETH and ADA could be preparing for a major upward price movement. Share this article Ethereum and Cardano are scheduled to transition to new proof-of-stake consensus algorithms, igniting double-digit gains. Two Major Hard Forks…

Ethereum Classic Follows Its Sibling’s Footsteps With Phoenix Hard Fork

Ethereum Classic, the twin sibling of the Ethereum network, performed its scheduled Phoenix hard fork on May 31, which included features from Ethereum’s earlier Istanbul fork. The upgrade means that the two networks share virtually the same protocol, and are thus fully intercompatible. The hard fork was scheduled for block 10,500,839, which was mined at 8:00 p.m. Eastern time on May 31. The fork is the third in a series of recent upgrades aiming to bring Ethereum Classic in line with its more popular sibling. In December, the Agharta fork…

Tether Integrates With Plasma Sidechain to Reduce Load on Ethereum

Bitfinex’s Tether (USDT) stablecoin is now available on the OMG Network, a plasma-based Ethereum sidechain launched on June 1 by the project formerly known as OmiseGo. The integration, also announced on June 1, marks the first time that Tether integrated an Ethereum sidechain to boost its performance. Tether is by far the largest “gas guzzler” on the Ethereum network at 8,900 ETH (about $1.84 million) in fees spent last month, according to ETH Gas Station. This is more than the next five protocols combined, one of which is reportedly a…

Ethereum Just Saw Key Technical Breakout: Break Above $250 Seems Likely

Ethereum is trading in a strong uptrend above the $230 pivot zone against the US Dollar. ETH price is likely to continue higher above the $245 and $250 resistance levels. Ethereum started a downside correction from the $250 resistance zone. The price corrected below the $240 level, but it found support near the $230 level. There is a major bullish trend line forming with support near $232 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher above the $245 and $250 resistance…

Ethereum Breaking This Single Level Could Spark a Surge To $300

Ethereum is up more than 5% today and it is trading above the $235 level against the US Dollar. ETH price is likely to surge towards the $285-$300 if it clears the $248 resistance zone. Ethereum is surging and it recently broke the $220 and $230 resistance levels. The price is now trading well above the $220 pivot level and the 100-day simple moving average. There was a break above a crucial bearish trend line with resistance near $208 on the daily chart of ETH/USD (data feed via Kraken). The…

Ethereum Erupts 10% Higher: Here’s Why Analysts Think More Upside Is Imminent

While Bitcoin is stalling under the key $9,500-9,600 resistance level, Ethereum has rocketed higher. The asset, according to TradingView.com, is up 10% over the past 24 hours. ETH is currently pushing $244, the highest price since early March. For some context, Bitcoin is up a mere 1% in the past 24 hours. Also, a majority of altcoins have registered gains of around 2-4%. Ethereum price chart from TradingView.com This surge higher over the past 24 hours has had a large effect on the Ethereum derivatives market. According to data shared by…

Coinbase Returns OmiseGo From 2017 Airdrop, Ethereum Holders Eligible

Coinbase is giving away OmiseGo tokens almost three years after the project’s original airdrop. Key Takeaways Coinbase is running an OmiseGo airdrop for its customers The airdrop delivers funds distributed by OmiseGo in 2017. Share this article Coinbase gave some of its users free OmiseGo tokens this week, following its decision to list the cryptocurrency on its exchange. This news comes almost three years after OmiseGo carried out its original airdrop, which ran the summer of 2017. The OmiseGo Airdrop In July 2017, OmiseGo took a snapshot of all Ethereum…

Cardano and Ethereum Price Surge Alongside Bitcoin — Will XLM Follow?

The price of Bitcoin (BTC) has been trading in a defined range over the past weeks as the halving hype has passed. Bitcoin’s price action also led to increased volatility in altcoins and some of the smaller altcoins have been showing impressive strength. So far, Theta Token (THETA) and Band Protocol (BAND) have been heavy movers. However, in the previous days, the larger cap altcoins have started to move up, with Cardano (ADA) and Ether (ETH) as the primary movers. As Bitcoin attempts to find a way back to $10,000,…