The controversial Ethereum Improvement Proposal (EIP) 1559 would have burnt 970,000 Ether (ETH) — with a total value of $360 million — in the last year, if it had been implemented. EIP-1559 seeks to reduce transaction fees by introducing flat fees alongside a burn mechanism, The findings, based on Dune Analytics data and published by the Head of DTC Capital Spencer Noon, have raised questions among some in the wider Ethereum community as to why the proposal has not been implemented already. Twitter user ‘Laur Science’ suggested it should be implemented in the next hard fork, adding: “Hopefully, we don't …

Decentralized finance is in full swing, and one of its biggest supporters appears to be the exchange Binance. The platform's United States branch recently joined the Chicago DeFi Alliance, with the aim to further develop the U.S. DeFi industry. Additionally, Binance's support for new DeFi projects continues to grow. Most recently, the exchange has demonstrated close ties with BurgerSwap, a new decentralized exchange that aims to improve upon Uniswap. While it's clear that Binance has taken a tremendous amount of interest in DeFi, it's notable to point out that Binance's CEO, Changpeng Zhao, has been bullish on DeFi for a …

Earlier today, the U.S. Department of the Treasury updated its Specially Designated Nationals List, adding several individuals and a number of cryptocurrency addresses. One of the individuals added was Artem Mikhaylovich Lifshits — a Russian national, accused of interfering in the U.S. elections. In addition to disclosing his personal information, the site lists a number of cryptocurrency addresses that he allegedly controls. One of the Ethereum addresses, found at 0xa7e5d5a720f06526557c513402f2e6b5fa20b00, does not seem to exist, however. Source: U.S. Department of the Treasury. There was likely a mixup somewhere in the chain of command and the Treasury meant to blacklist 0xA7e5d5A720f06526557c513402f2e6B5fA20b008 …

Ethereum co-founder Vitalik Buterin has dismissed concerns that a 51% attack on Ethereum 2.0 would be ‘fatal’. The scenario emerged as a result of the burgeoning popularity of Yearn.finance’s yETH vault which has already amassed more than 137,000 ETH on its first day. Arcane Assets’ Chief Intelligence Officer Eric Wall suggested this mean the yETH vault admins will probably end up controlling enough Ether to theoretically launch an attack on Ethereum 2.0: ITT: We come up with fun ways yETH vault strategists can take advantage of the fact that yETH is probably going to control more than enough stake to …

Vitalik Buterin, the co-founder of Ethereum (ETH), has again taken to Twitter to warn against naive bullishness in the decentralized finance (DeFi) sector, comparing the economics of yield farming tokens to the Federal Reserve’s money printing. Yield farming - providing liquidity to earn interest in the form of tokens - has taken the crypto community by storm and sparked the DeFi boom. However, Buterin highlighted the aggressive supply inflation of many governance tokens, saying this puts downward pressure on the prices of “coins that are getting printed nonstop to pay the liquidity providers.” Seriously, the sheer volume of coins that …

The progress of the Chinese government and large enterprises in the blockchain space is impressive. However, according to Ethereum co-founder Vitalik Buterin, they may need to do more than just deploy and build on private or semi-private consortium blockchains to gain traction internationally. In a recent interview, Buterin explained that, while what Chinese entities were doing would help them grow the use of blockchain within China, the technology’s best use cases are meant to be implemented on an international level. And for that purpose, it would be difficult for them to gain the trust of other countries to use their …

Many crypto heavyweights use Twitter as their primary tool for sharing information (or even misinformation) about their own projects or other interesting subjects. Some of them even consider Twitter engagement their most important performance indicator. We decided to put the Twitter habits of the crypto elite under a microscope to get a better sense of how they actually engage with the popular social media platform. Android, Apple or Web? For our analysis, we picked 13 crypto entrepreneurs (we measured each Winklevoss twin’s habits independently). To make our list, the subjects had to be actively running a crypto business and command …

Ethereum (ETH) creator Vitalik Buterin acknowledged that he both sold and donated away his Ether holdings for fiat when the price was $700. While he did not specify, it seems unlikely that he sold his entire ETH stake — though how much ETH he owns today is currently unknown. Buterin also said that he had not bought any Bitcoin (BTC) since before 2017. Source: Twitter. He mentioned that under his advice, the Ethereum Foundation had also sold its holdings close to the asset’s all-time-high of $1,200. On a previous podcast with Eric Weinstein, he specified that the Foundation had liquidated …

Ethereum co-founder Vitalik Buterin said he would “freely admit” that Ethereum 2.0 is “much harder” to implement from a technical perspective than he had expected. Buterin made his remarks during a debate with Bitcoin (BTC) maximalist Samson Mow on Peter McCormack’s podcast on Aug. 16. During the debate, the trio discussed the reasons for the “open warfare” between the Bitcoin and Ethereum networks and whether the latter will be able to deliver on its many promises. McCormack, who is self-avowedly “not far off” from a Bitcoin maximalist position, asked Buterin: “Do you ever feel like Ethereum has become a much …

Vitalik Buterin said he did not personally engage in any yield farming for tokens on decentralized finance. In a tweet published on Friday, the Ethereum co-founder explained that his only major interaction with yield-bearing DeFi protocols was putting “a few coins into Uniswap a long time ago.” Buterin said that he earned “a few percent on fees” before taking the money out at some undisclosed point. This goes somewhat against the grain of the wider Ethereum community, where many prominent members showed excitement at some of the yield farming “experiments.” Jokingly, he recognized this detachment: I know that makes me …

It would seem that five years is a relatively short time for an information technology company, but Ethereum has made colossal progress during this time, growing from its own initial coin offering project to the largest blockchain platform, running about 2,000 decentralized applications. Today, the market capitalization of its native cryptocurrency, Ether (ETH), is worth $38 billion — larger than Ford Motor Company and the popular app Snapchat. Not only that, but the value of Ether has seen a 121-fold increase over the period of the network’s existence. While the whole team is preparing for the transition to the proof-of-stake …

Ethereum’s perception in the media has been on a roller-coaster ride since its inception in 2015, but the blockchain and its native Ether (ETH) cryptocurrency are clearly still seen as being in second place behind Bitcoin (BTC). While Bitcoin rose to fame due to the notorious Silk Road darknet marketplace and its price climax of $20,000 back in 2017, Ethereum has had fewer notable interactions with the mainstream media, even though some might reference how it enabled the initial-coin-offering craze and made trading virtual cats a worthwhile pastime. Vitalik Buterin is Ethereum personified Ethereum’s co-creator Vitalik Buterin has been, and …