All posts tagged: ethereum

Ethereum’s Upcoming ‘Pectra’ Upgrade to Improve Blockchain’s Stability, Efficiency: All Details

Ethereum’s Upcoming ‘Pectra’ Upgrade to Improve Blockchain’s Stability, Efficiency: All Details

Published by Webster

Ethereum, touted as the most commercial blockchain in existence, is set to undergo a significant upgrade in the coming days. Dubbed “Pectra”, the upgrade is aimed at improving Ethereum’s efficiency, stability, and usability. Initially, the upgrade was slated to be completed around early April, however, owing to the ongoing tests on the upgrade its deployment has been pushed by some days. According to Tim Beiko, who runs the core protocol meetings for Ethereum, the upgrade could be completed by April 30. Pectra’s introduction to Ethereum will improve the blockchain’s ability to augment accounts and upgrade the experience for its validators, as per an official blog from Ethereum. It will also expand Ethereum’s scalability range for the supported Layer-2 blockchains like Arbitrum, Base, and Polygon among others. Some Key Highlights With Pectra, Ethereum users will be able to replace traditional private key-controlled accounts with programmable smart contracts for greater flexibility and security. This will notably advance Ethereum’s “account abstraction” features. Explaining the feature, Ethereum said it represented “a major step toward widespread account abstraction, enabling users …

Save 70% on a Course Showing You How to Invest in Crypto

Save 70% on a Course Showing You How to Invest in Crypto

Published by Webster

TL;DR: Master crypto fundamentals in the 2025 NFT and Blockchain Masterclass Bundle on sale for $34.99. Want to learn the basics of crypto? Trying to figure it out on your own can be expensive, so if you want expert guidance, the 2025 Complete NFT and Blockchain Masterclass Bundle is on sale for $34.99. This bundle covers NFTs, blockchain, smart contracts, decentralized apps, and cryptography. Whether you want to create and sell NFTs, develop on Ethereum, or just understand crypto technology, these courses have you covered. The Complete NFT Course walks you through minting NFTs, setting up a crypto wallet, and navigating marketplaces. If you want to know how digital artists make money with NFTs or how to spot a good investment, this course lays it out step by step. If coding is more your thing, the Ethereum Blockchain DApp using Solidity course teaches you how to build decentralized apps (dApps) and write smart contracts on the Ethereum blockchain. It’s a great entry point for blockchain development. For security, the Cryptography course explains encryption methods, digital …

Trump Vows to Make America the ‘Crypto Capital of the World’ With US Crypto Reserve

Trump Vows to Make America the ‘Crypto Capital of the World’ With US Crypto Reserve

Published by Webster

U.S. President Donald Trump announced on March 2 the first five cryptocurrencies that will form a U.S. strategic crypto reserve: Bitcoin, Ethereum, Ripple, Solana, and Cardano. Bitcoin and Ethereum are the two largest cryptocurrencies in the world by market value. By establishing a crypto reserve, the U.S. becomes a direct stakeholder in the digital asset market, gaining leverage over global policy, adoption rates, transaction standards, and institutional investment. Trump posted on Truth Social, “I will make sure the U.S. is the Crypto Capital of the World.” SEE: The 6 Best Crypto-Friendly Banks Evaluated for 2025 Crypto prices surge following Trump’s announcement Following Trump’s post, the prices of several cryptocurrencies skyrocketed within hours: Ripple (XRP): +32% Solana (SOL): +23% Cardano (ADA): +63% However, initial confusion erupted as Trump did not mention Bitcoin or Ethereum in his post, causing speculation on social media. Roughly an hour later, he issued a follow-up statement to clarify their inclusion, leading Bitcoin and Ethereum to experience price jumps: Bitcoin (BTC): +11% Ethereum (ETH): +13% The surge was a positive turnaround for …

.5B Hack of Bybit Might Be the Largest Crypto Heist Ever

$1.5B Hack of Bybit Might Be the Largest Crypto Heist Ever

Published by Webster

Following the revelation Friday from cryptocurrency exchange firm Bybit that hackers stole digital tokens worth about $1.5 billion – in what may be the biggest crypto heist of all time – CEO Ben Zhou wrote on X Sunday that it has replenished its reserves. Bybit was able to do this through a mix of emergency loans and large deposits. Zhou told users on Friday that their funds were “safe,” and the firm would refund anyone affected. Less than 72 hours later, Zhou said Bybit had restored the exchange’s balance and kept customer withdrawals open, although he did not account for the stolen crypto. The scale of the Bybit theft surpasses the previous record of a $615 million heist of Ethereum and U.S. coins from the Ronin Network in 2022. Must-read security coverage How this crypto heist happened The crypto was taken during a routine internal transfer from its Ethereum coin “cold wallet,” which is a digital wallet typically stored offline and considered more secure, according to Zhou. After Bitcoin, Ethereum is the second largest cryptocurrency. …

Crypto’s ‘Middle Child’ Ethereum Flounders as Rivals Gain Ground

Crypto’s ‘Middle Child’ Ethereum Flounders as Rivals Gain Ground

Published by Webster

Ethereum faces pressing questions over its direction as a rejigged user experience saps activity and fees, stoking uncertainty about whether the blockchain will continue to underpin commerce in crypto. Critics point to a growing reliance on so-called Layer-2 blockchains, built on top of Ethereum to improve otherwise clunky and costly transactions. Layer-2 operators like Arbitrum and Optimism have reaped the rewards. Since March, Layer-2 transactions are up 430%, while fees collected by Ethereum have fallen 87% in the same period, data compiled by Bloomberg show. The performance of Ethereum’s token, Ether, underscores the muddy outlook. It’s up about 75% in the past year, a period when Bitcoin more than doubled. Bitcoin lately also scaled record highs atop president-elect Donald Trump’s embrace of digital assets, whereas Ether remains far from all-time peaks. “The layer-2 road map shipped without careful examination of the economics,” said Max Resnick, head of research at Special Mechanisms Group, which is owned by Ethereum developer Consensys Systems. “It’s clearly a concern.” ‘World Computer’ Founded over a decade ago with the aim of …

North Korea hackers behind 2019 mln Ethereum heist, South Korea police say | World News

North Korea hackers behind 2019 $42 mln Ethereum heist, South Korea police say | World News

Published by Parlour News

Nov 21, 2024 11:56 AM IST NORTHKOREA-CRYPTOCURRENCY/SOUTHKOREA (PIX):North Korea hackers behind 2019 $42 mln Ethereum heist, South Korea police say SEOUL, – South Korean police said on Thursday an investigation confirmed that hackers linked to North Korea’s military intelligence agency were responsible for an Ethereum cryptocurrency heist in 2019, worth 58 billion won at the time. North Korea hackers behind 2019 $42 mln Ethereum heist, South Korea police say More than half of the stolen assets were laundered through three crypto exchanges set up by the hackers themselves at a discount to Bitcoin and the rest were laundered through 51 different exchanges, the National Police Agency said. The hackers infiltrated a crypto exchange where the Ethereum was being kept and stole 342,000 tokens, now valued at more than 1.4 trillion won , the police said in a statement. It did not name the exchange but South Korea-based Upbit exchange said at the time it had detected the transfer of 58 billion won of Ethereum to an unidentified wallet. A National Police Agency official declined to …

Namechain: The Next Major Project from the Creators of Ethereum Name Service, Explained

Namechain: The Next Major Project from the Creators of Ethereum Name Service, Explained

Published by Webster

ENS Labs, the firm that launched the Ethereum Name Service (ENS) in 2017, are gearing up for their next major project. By late 2025, they plan to launch a layer-2 blockchain network called Namechain, built on the Ethereum blockchain. Namechain will leverage zero-knowledge rollup technology to improve transaction efficiency, reducing both costs and processing times. In the ENS domain ecosystem, simpler names like “xyz.eth” typically hold more value than complex ones like “asd1as.eth.” As per a report, the launch of Namechain is aimed at streamlining blockchain identities, making them more straightforward and user-friendly. Not only will this layer 2 blockchain simplify the process for ENS registrations but the network is also expected to make the service more accessible for users. This week, ENS Labs made an official announcement about Namechain. In a post on X from their handle @ensdomains, ENS stated, “By dramatically reducing costs, improving performance, and providing a familiar Ethereum developer experience, our hope is to unlock new opportunities for ENS and Ethereum.” Announced live at #frENSday:microphone: Namechain by @ensdomains , a purpose-built …

Google Search Now Supports Ethereum Name Service: Here’s What it Means

Google Search Now Supports Ethereum Name Service: Here’s What it Means

Published by Webster

Google, which has recently been found to be holding a monopoly on web search, has taken a crypto-friendly decision amidst its ongoing legal battles in the US and the EU. As per a fresh update, Google has fully completed the integratigration of Ethereum Name Service (ENS) into Search. This feature was being tested with select users for a while and has not been made live for Google’s global users. Former Google engineer Nick Johnson presented the concept of ENS to the Ethereum Foundation in April 2016, following which, in May 2017, the first batch of ENS names were minted. This development now makes it easier for people to search for any name based on the ENS domain, signified by ‘.eth’. ENS can be explained as a decentralised domain name protocol. These Ethereum-based name domains are used by crypto users who wish to simplify complicated Ethereum wallet addresses to make them readable by humans. Otherwise, crypto wallet addresses usually comprise a bunch of random alphabets and digits that are not only difficult to remember in sequence …

USDC-Issuer Circle Partners with Sony to Expand Stablecoin Adoption via Soneium

Published by Webster

In August, electronics giant Sony launched Soneium, a layer-2 blockchain, and established Sony Block Solutions Labs (Sony BSL) to spearhead its blockchain ventures. In a recent development, Circle, the issuer of the USDC stablecoin, has partnered with Sony to expand the USDC ecosystem through the Soneium blockchain. This collaboration also seeks to position USDC as a key token within the Soneium network, further integrating stablecoins into Sony’s blockchain strategy. For Sony, this partnership is expected to capitalize on USDC’s strong market reputation to attract users and creators to its suite of customised blockchain services. Meanwhile, Circle will integrate its ‘Bridged USDC Standard’ with Soneium, making the US-dollar-backed stablecoin more accessible to a broader range of blockchain users. In an official announcement posted over the weekend, Circle explained that “Bridged USDC serves as a proxy for native USDC held on Ethereum, enabling developers building on layer 2 blockchains like Soneium to easily power their apps with digital dollar payments.” Jun Watanabe, Chairman of Sony Block Solutions Labs, emphasised that this move aims to deepen the integration …

US SEC Approves Exchange Applications to List Spot Ether ETFs

Published by Webster

The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the way for the products to begin trading later this year. While the ETF issuers also have to get the green light before the products can launch, Thursday’s approval is a major surprise win for those firms and the cryptocurrency industry, which until Monday had expected the SEC to reject the filings. Nine issuers including VanEck, ARK Investments/21Shares and BlackRock hope to launch ETFs tied to the second-largest cryptocurrency after the SEC in January approved bitcoin ETFs in a watershed moment for the industry. “This is an exciting moment for the industry at large,” said Andrew Jacobson, vice president and head of legal at 21Shares, noting it was “a significant step” towards getting the products trading. Thursday was the deadline for the SEC to decide on VanEck’s filing. Market participants were bracing for the thumbs-down because the SEC had not engaged with them on the applications. …