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The growth in the price of Ethereum has also stirred a rub-off on the major Liquid Staking Derivatives Platform (LSD). Ethereum (ETH) has joined Bitcoin (BTC) to lead the rally in the digital currency ecosystem today as key stakeholders and investors are religiously awaiting the upcoming Shapella Upgrade. At the time of
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The 1 million instantly withdrawable ether has become a point of concern for the market. Source
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However, as the upgrade approaches there will be an “increased realization” that nearly 70% of staked ether is via liquid staking protocols such as Lido and they allowed investors to sell their stETH regardless, “so liquidity for 70% of staked ETH is now new, they could do it anyway,” the
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Cash flow from Bitcoin to the Ethereum market has significantly contributed to today’s price bump according to Lewis Harland, Decentral Park Capital’s portfolio manager. After consolidating for the past two weeks, the Ethereum (ETH) market has begun gaining traction over Bitcoin (BTC) during the early New York trading session on Tuesday.
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The Ethereum Foundation has announced April 12 as the date of deployment of the much-anticipated Shanghai and Capella upgrade, together dubbed as Shapella.The upgrades will enable withdrawals from Ethereum 2.0 staking contracts. The staking contract was first launched in December 2020. It only accepted one-way deposits of ETH, which will
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Others who are looking to trade the price of Ethereum may be encouraged by the Shanghai upgrade, as it will surely increase volatility, at least temporarily. If you’re looking to trade the crypto markets, be prepared to navigate the market, as this is a significant change and will likely have
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Chinese officials have been actively developing its fintech industry, with a strong focus on blockchain technology, despite their stringent stance on cryptocurrencies.On March 28, the Ministry of Industry and Information Technology (MIIT), a watchdog for the Chinese fintech industry, said it intends to improve standards for its blockchain technology development
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In a new update to the class-action lawsuit against bZX DAO members, a United States district judge ruled that the ability for developers to upgrade a smart contract where the key is in the hands of a single developer makes the arrangement custodial. On March 27, United States District Judge Larry
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“Decentralized RPC services form the bedrock for a trustless, secure, and scalable network. The launch of DRPC will enable end-to-end decentralization for Ethereum,” explained Constantine Zaitcev, Chief Product Officer of DRPC, in a note to CryptoX. Source
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Ethereum (ETH) stakeholders are looking forward to the Shanghai Capella Upgrade that will take place on the Ethereum mainnet in April 2023. As a result, the total value locked (TVL) on the liquid staking platform Lido Finance has significantly increased. This increase in ETH holders can be attributed to anticipating the release
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