Author: msmark

According to a report by Hacken, almost half of the crypto hacks in 2023 occurred due to access control issues. The crypto market faced losses totaling $1.9 billion due to hacks in 2023, reflecting a significant 93.6% decline compared to 2022, primarily influenced by the Terra collapse, as per a research report from Hacken, a blockchain security auditor. Despite this decrease, analysts express concern about the dynamics of 2023, emphasizing the quantity and nature of incidents. While the scale of attacks may appear smaller than in 2022, Hacken highlighted a 14% increase in attacks over the past year, identifying access…

Today, on his 30th birthday, Ethereum co-founder Vitalik Buterin shared a moving post reflecting on the last couple of years of his life and the evolving crypto space that made him re-evaluate his role within the community. The End Of An Era For Vitalik Buterin Vitalik Buterin, who just three years ago was making all the headlines as the youngest billionaire at 27, reflected on his post about the role he used to have as a young developer in the crypto space. He recalled spending the last two years speaking with a new generation that has taken leading roles within…

A crypto analyst, Eric, believes Ethereum (ETH) could spike to $20,000 in the upcoming bull run. The analyst said the potential launch of spot Ethereum exchange-traded funds (ETFs) in the United States will propel this upswing. Ethereum To $20,000 Possible In a post on X, Eric cited Ethereum’s historical tendency to mirror Bitcoin (BTC), albeit with a one-cycle lag. In the previous bull market, the analyst noted that Bitcoin surged 22-fold from $3,100 to $69,000. Therefore, if Ethereum follows a similar trajectory, reaching $20,000 would be a realistic possibility. Ethereum price trending upward on the daily chart | Source: ETHUSDT on…

Ethereum has been making a fresh attempt at recovery recently. Here’s what on-chain data suggests regarding if this run can be sustainable or not. Ethereum Network Growth And Utility Have Both Gone Up Recently According to data from the on-chain analytics firm Santiment, the ETH blockchain has displayed an encouraging trend in Daily Active Addresses and Network Growth recently. These two indicators are used to track the utility and growth of the chain. The “Daily Active Addresses,” the first of these, measures the unique number of addresses that are taking part in some kind of transaction activity on the blockchain…

A look back at 2023, and a glimpse at what lies ahead in 2024 2023 was an excellent year for the team behind the ethereum.org website, and its community — we already feel a little nostalgic, but it’s important to make space for celebrating the things the ethereum.org community helped us build in 2023 and continue the momentum in 2024. In that spirit, we prepared a recap with our 2023 highlights of the ethereum.org community — enjoy the reading! The highlights 📚 ethereum.org Translatathon 56 languages, 217 participants, and 1.47 million words (🤯) translated in a one-week online competition, the…

Ethereum developers have successfully deployed the Dencun update to the Sepolia testnet. The hard fork includes several tools that are designed to reduce fees on the Ethereum blockchain, while additionally providing new opportunities for bridges and stabilization funds. This was not the first attempt to deploy the update to the test network, however, as developers did not provide launch details, but noted that Sepolia has been updated to Dencun. Dencun is also implementing proposal EIP-4844, known as “proto-danksharding.” It is designed to scale the network by creating a new transaction type to store more data. The developers expect that the update…

The Securities and Exchange Commission (SEC) is poised to follow a similar approach to approving spot Bitcoin (BTC) exchange-traded funds (ETFs) for spot Ethereum ETFs, with the expectation that approval will be granted on the initial final deadline of May 23, as per Standard Chartered Bank analysis. Ethereum ETFs Face Delays, Approval Remains Likely According to a report by The Block, Geoffrey Kendrick, head of forex and digital asset research at Standard Chartered Bank, stated that they expect pending applications for spot Ethereum ETFs to be approved on May 23, which is considered the equivalent date to January 10 for…

A look back at 2023, and a glimpse at what lies ahead in 2024 2023 was an excellent year for ethereum.org and its community — we already feel a little nostalgic, but it’s important to make space for celebrating the things the ethereum.org community helped us build in 2023 and continue the momentum in 2024. In that spirit, we prepared a recap with our 2023 highlights of the ethereum.org community — enjoy the reading! The highlights 🛣️ Protocol roadmap: (almost) everything in one place In Q1 2023, we launched the Ethereum roadmap page — a comprehensive hub detailing Ethereum’s protocol…

Geoffrey Kendrick of Standard Chartered Bank predicts the SEC’s approval of U.S. Ethereum ETFs by May 23. Starting with initial rejections before granting approval, Standard Chartered foresees parallels for the Ethereum ETF with the SEC’s approach to Bitcoin ETFs. Geoffrey Kendrick, who leads the bank’s forex and digital assets research, believes Ethereum ETFs in the U.S. will get the green light in late May. Kendrick compares this situation to what happened with Bitcoin ETFs and thinks Ethereum’s price (ETH) may reach $4,000 by that date due to hype. Kendrick’s confidence comes from the fact that the SEC hasn’t treated Ether…

Standard Chartered Bank has projected that the U.S. Securities and Exchange Commission (SEC) will give the green light to spot Ethereum exchange-traded funds (ETFs) by May 23, The Block reported Jan. 30, citing a research report.This expectation mirrors the timeline and approach previously seen in the SEC’s approval process for spot Bitcoin ETFs.Ethereum’s classificationAccording to Geoffrey Kendrick, the head of forex and digital assets research at Standard Chartered, the approval of Ethereum ETFs seems likely given the SEC’s previous stance on ETH.Unlike certain cryptocurrencies that have been classified as securities in legal actions against crypto firms, Ethereum has avoided such…