Tag: Ethereum

Will Chainlink’s Integration With E&Y And Microsoft Backed Baseline Make Ethereum Enterprise Ready?

Today, the team behind the Baseline Protocol – an enterprise focused blockchain projects pioneered by  by EY, Microsoft, ConsenSys, AMD and others that uses the public Ethereum blockchain announced support for integration with decentralized oracle provider Chainlink.

The announcement represents an important milestone for both the baseline protocol as well as Chainlink as they both attempt to make inroads into the enterprise adoption of public blockchain.

The Perception Problem With Public Blockchains

Corporates have not materially public blockchain networks in large numbers and that is becoming an issue for the credibility of the technology..

While enterprises — who are conservatively minded entities, after all — will naturally take some time before adopting a new technology, many observers believe that we still should have had more adoption at this point. Especially given that we are now five years into existence of Ethereum protocol, and influential organizations, such as

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Ethereum Whales Up By 68 Over The Weekend Despite Price Plunge

KEY POINTS

  • While the price of Ethereum has decreased, the number of whales has increased by 68
  • Whales refer to cryptocurrency holders having large holdings of a particular token in their wallets
  • Data shows that the concentration of large holders in Ethereum has reached 40%

Despite decreasing Ethereum price in the last seven days, the 2nd largest cryptocurrency saw an increase in the number of users that hold 1,000 to 10,000 ETH, worth around $344,550 to $3,445,500.

Called “whales” because of their large holdings, this group of holders has steadily added more Ethereum into their wallets and according to intelligence firm Santiment, there are around 68 whales that recently joined the ETH ecosystem, Bitcoin.com reports.

Santiment said the spike in the number of whales with millions of dollars in ETH began just as Ethereum’s price started falling. The roughly 68 news whales holding 1,000 to 10,000 ETH joined in the

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Ethereum Miner Revenue Hit $800,000 Per Hour This Week

KEY POINTS

  • Ethereum miner revenue increased to $800,000 per hour
  • The transaction fees have been rising steadily, but the most noticeable spike happened on Sept. 1
  • Ethereum founder Vitalik Buterin said there are options to get around high transaction fees

The revenue from Ethereum mining has skyrocketed to $800,000 this week, new data from analytics firm Glassnode shows. Attributed primarily to increasing transaction fees, analysts expect it to keep growing as the hype surrounding decentralized finance (DeFi) continues.

Ethereum miner revenue increased to $800,000 per hour on Tuesday, beating the previous day’s record of $500,000, excluding anomalous transaction fees. The firm attributed this to rising transaction fees which, according to news outlet Decrypt, reached $16.5 million on Tuesday. It was $8.1 million the previous day. 

The chart from Glassnode suggests the transaction fees have been rising steadily, but the most noticeable spike happened on Tuesday and has been sustained until

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