Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $1.4K

Ethereum is struggling to gain pace above $1,350 against the US Dollar. ETH must clear the $1,380 and $1,400 levels to start a steady increase. Ethereum is facing an increase in selling below the $1,400 level. The price is now trading below $1,400 and the 100 hourly simple moving average. There is a new connecting bearish trend line forming with resistance near $1,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover further if there is a clear move above the $1,400 resistance zone. Ethereum…

Ethereum co-founder Vitalik Buterin defends DAOs against critics

Ethereum co-founder Vitalik Buterin has come out swinging in defense of Decentralized Autonomous Organizations (DAOs), arguing that in some circumstances they can be more efficient and fairer than a traditional corporate structure. In theory DAOs are collectively owned and managed by their members and have no central leadership. All decisions relating to aspects such as the usage of treasury funds or protocol improvements are made via voting on proposals submitted to the community. In the lengthy Sept.20 post on his website, Buterin outlined that critics often argue DAO governance is…

What Web3 Identity Needs. TL;DR: To create an open financial… | by Coinbase | Sep, 2022

TL;DR: To create an open financial system for the world, we need to ensure web3 is usable by everyone. This means building an identity experience that’s intuitive, forgiving, and trustworthy, combining the best of web2 and web3. Our first step is to make it easy for anyone to claim a web3 (ENS) username for free, but there’s more work to be done. By Alex Reeve, Group Product Manager, Identity If you’ve used crypto, you’ve probably experienced the anxiety that comes from sending tokens or NFTs to intimidating 42-character addresses like…

Maturing blockchain industry paves the way for enterprise adoption

A session at this year’s Blockchain Expo Europe highlights that blockchain is reaching a stage of maturity that paves the way for enterprise adoption. The session was presented by Pedro Lopez-Belmonte, Senior Manager of Web3 and Technology Innovation at Richemont, on day one of Europe’s leading blockchain conference. One of the first charts presented during the session was Gartner’s hype cycle, which shows blockchain platforms now leaving the trough of disillusionment and entering the slope of enlightenment: This area of the cycle is where emerging technologies leave behind their initial…

MetaWorks Selected by Pitch In For Ukraine Web3 Donation

Pitch In For Ukraine is a collaborative Web 3.0 donation program working directly with President Volodymyr Zelenskyy’s foundation UNITED24 and Shakhtar Social Fairfield, CA., Sept. 20, 2022 (GLOBE NEWSWIRE) — MetaWorks Platforms, Inc. (“MetaWorks” or the “Company”), (CSE: MWRK and OTCQB: MWRK), an award-winning, full-service Web3 blockchain platform provider, is pleased to announce it has been selected by Pitch In For Ukraine with the reigning Ukrainian Premier League football champions, FC Shakhtar Donetsk. MetaWorks is providing its blockchain, generative art, minting, and technical infrastructure to the fundraising program. Pitch In…

Citi Says Ether Remains Relatively Stable Despite Significance of the Merge

Following the transition, miners are no longer being issued rewards, the bank said, noting that these rewards equated to a supply of 4.9 million ether (ETH) a year. ETH issuance is estimated to drop 90% to around 600,000, and total supply on the first day of the Merge fell as the fees burnt were larger than rewards issued to validators, it added. Author: Will Canny Source link