Ethereum's first public withdrawal testnet launches ETH $ETH Shanghai Zhejiang publictestnet
In March, Ethereum will go through its first significant update since switching to a proof-of-stake mechanism in September.
This upgrade is referred to as the Shanghai hard fork. With the upgrade, the proof-of-stake blockchain will be able to function fully and unlock ETH that has been staked. Another major Ethereum hard fork is expected in the third quarter.Ethereum , the native asset of the Ethereum blockchain, is trading at $1,667 as of press time, up 7% in the last 24 hours.
After Federal Reserve Chair Jerome Powell said the U.S. central bank was seeing indications of waning inflation and cryptocurrencies recovering. The Federal Open Market Committee increased its benchmark interest rate by 25 basis points to a new range of 4.5%–4.75%, the highest level in 15 years, before Powell's speech, as was predicted.
The central bank stated in its policy statement that"ongoing rises" in borrowing costs will be required to further reduce inflation.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum's Shanghai fork is coming — but it doesn't mean investors should dump ETHOpinion: Roughly 14% of Ethereum's supply is going to begin unlocking in March. Here are some things to keep in mind as you ponder what that means for the price of ETH.
Read more »
Ethereum (ETH) Staked on Lido Finance Sets New Milestone: DetailsEthereum (ETH) staking on Lido Finance reaches new high ETH $ETH LidoFinance
Read more »
Ethereum Developers to Launch New Testnet ‘Zhejiang’ for Simulating ETH Withdrawals.Ethereum developers are launching the ‘Zheijang’ testnet for the blockchain’s upcoming Shanghai upgrade. Users will be able to test out staked ETH withdrawals, cryptauxmargaux reports
Read more »
Ethereum (ETH) Starts Making Moves Ahead of FOMC, Here's How Things May Turn OutLarge quantities of Ethereum are being moved on network ahead of important Fed decision
Read more »
Bitcoin, Ethereum Technical Analysis: ETH, BTC Marginally Higher Ahead of FOMC Meeting Results – Bitcoin NewsEthereum was marginally higher on Feb. 1, as markets prepared for the upcoming Federal Open Market Committee (FOMC) meeting results.
Read more »
Ethereum (ETH) Could Reclaim $2,000, Trader SaysThe second-largest cryptocurrency has been rallying ahead of the Shanghai update
Read more »