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Ethereum Foundation Transfers 95 Million ETH, Price Rally To Stall?
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.
Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He…
Inside Ethereum: Unlocking the Potential of Decentralized Finance (DeFi)
The story of Ethereum begins with a young programmer and entrepreneur named Vitalik Buterin. Buterin became interested in cryptocurrency and blockchain technology after learning about Bitcoin in 2011. He soon became one of the co-founders of Bitcoin Magazine, where he wrote extensively about cryptocurrencies and related technologies.
However, Buterin saw limitations in Bitcoin’s functionality.…
Unveiling Ethereum's Market Position: A Forward-Looking Analysis on Present Realities and Future Trajectories
In the intricate world of cryptocurrency, Ethereum (ETH) has recently found itself at a critical juncture, prompting technical analyst Ali Martinez to highlight a pivotal demand zone between $2,388 and $2,460. Martinez's keen observation underscores the importance of Ethereum maintaining this level, cautioning that a failure to do so could trigger a pullback to the next substantial support area around $2,000.
As of the latest market data, Ethereum is currently trading at $2,420.89, reflecting a 2.1% decrease over the past 24 hours. Despite this modest decline, Ethereum's market capitalization stands strong at $291.13 billion, securing its second-ranked position on CoinGecko. The fully diluted valuation (FDV) aligns with the market cap, assuming the circulation of all 120 million ETH tokens.
Ethereum's relative stability is particularly noteworthy, considering the broader cryptocurrency market has experienced a 3.70% downturn over the past week. This resilience speaks volumes about Ethereum's ability to navigate challenges and maintain its position as a stalwart in the dynamic crypto landscape.
The Ethereum Foundation, a profit organization that supports Ethereum and its associated technology recently revealed that they sold 1,700 ETH in exchange for USD Coin (USDC). According to Scopescan a data provider the foundation converted approximately $2.76 million worth of ETH into USDC through an Uniswap transaction. This information has been confirmed by Arkham Intelligences data. CoinMarketCap shows a decrease in the value of Ethereum with a 0.56% decline in the last hour a 3.8% drop over the past day and a 6.66% decrease over the week. While it is not certain if this sale directly caused the price dip it is worth noting that Ethereums value continued to decline after the transaction took place. Many individuals on Twitter have expressed concerns about this move as it may be seen as a signal. Some question why the
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What is ZKSync And How To Be Eligible For ZKSync Airdrops
ZkSync is an Ethereum layer 2 scaling solution that enables quick, inexpensive, and safe transactions. It keeps the security and trustlessness of the Ethereum network while enabling high-throughput, low-latency interactions through the use of zero-knowledge proofs. Transactions in ZkSync are processed off-chain and then transmitted in batches to the Ethereum network, reducing congestion and…
I want the touch of a phantom limb to caress this skin made from the universe’s randomness. Give me a taste of control, even if borrowed by manipulation. The consequences do not matter as long as I taste a flavor of power. A sip, a single lick of the illustrious drop of sweat from Gilgamesh is all I yearn for to disappear. What is a wish but a pitstop for desire?
Unwanted and unabashed. Unfamiliarity gives me enough space to place my naivety. Give me an excuse to be ignorant even for just a moment. I fantasize about things I do not have and make me realize the folly of wanting them in the process. Allow me to fail by taking in more than what I can handle. Show me something I might have missed because I wasn’t paying enough attention.
Remove me from the birth of my ego and unlatch me from this skin made by the gazes of other people.
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Kael Espino (@enjambments) x Midjourney, 2022
Link to work on Foundation: Infinite Recursion III: The Albatross | Foundation
We start with this mantra: I am absolved when I face my fears. So look into the mirror and decipher the messages on my skin—these scars from where I unearth secrets beyond words are also the burial sites of my past selves. A lesson learned, sometimes self-inflicted by my own naivety. What we share is this look of shame and guilt showing not on our faces but in our speech. Sound becomes smoke in an instant we choose to lie, where that smoke is a semblance of life we choose to deny in exchange for a mask, to hide the desire of disappearing in a moment of sudden exposure.
I am free when I embrace the earthquakes coming from this body.
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Kael Espino (@enjambments) x Midjourney, 2022
Link to work on Foundation: Sub specie aeternitatis I: The Human Abstract | Foundation