Ethereum News

A court in Brazil has ordered the domestic crypto exchange Foxbit and another crypto-related firm to “reimburse” customer who “lost” almost USD 3,000 worth of ethereum (ETH) in a transfer in February 2020.

Lido Finance, a third-party staking pool operator for Ethereum (ETH) 2.0, is under fire from the community for what is called an “unwavering commitment to being a monopoly” that accusers say damages Ethereum’s status as a decentralized blockchain.

Bitcoin price declined almost 14% and traded below USD 24,000. Ethereum dived below USD 1,200, XRP tested the USD 0.30 support. Altcoins are also down in double-digits.

After several days of intense discussions and rumors circulating about insolvency at major crypto hedge fund Three Arrows Capital, more details about the financial exposure other companies in the space have had to the hedge fund have emerged, with crypto lender BlockFi being named as one counterparty affected.

There is not enough liquidity in centralized and decentralized exchanges combined for the troubled crypto lender Celsius to sell their Lido staked ethereum (stETH) tokens on the open market, leaving over-the-counter (OTC) transactions as the only option, according to digital assets data provider Kaiko.

Ethereum (ETH)'s Ropsten public testnet, the longest-lived proof-of-work (PoW) testnet that allows for blockchain development testing before deployment on the mainnet, is set to run through The Merge "around June 8."

The Ethereum Foundation (EF), the organization responsible for allocating financial support within the Ethereum (ETH) ecosystem, had USD 1.3bn invested in crypto as of the end of last quarter, with the vast majority of that held in ETH, according to the foundation’s latest report.

Ethereum (ETH) co-founder Vitalik Buterin has recently asked the crypto Twitter community to share what they disagree with him on. Some prominent Ethereum developers were quick to use the opportunity and express their thoughts on various subjects.

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Troubled crypto lender Celsius (CEL) has managed to improve the health ratio of its on-chain positions since pausing withdrawals, according to a new report by blockchain analytics platform Nansen. Meanwhile, they said, the crypto hedge fund Three Arrows Capital (3AC) was the victim of the contagion.