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Ethereum Miners raked in $1.39 Billion in April, Surpasses Bitcoin’s for the 4th Straight Month

Ethereum mining revenue rose three percent to $1.39 billion in April 2022, outperforming BTC miners for the fourth straight month….
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Vitalik Admission: Ethereum Layer-2 Fees are Still High

Vitalik Buterin admits that Ethereum layer-2 fees are still high and should be below $0.05 to find mainstream adoption….
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Vitalik Admits Influence in Ethereum Waning

Vitalik Buterin role in Ethereum has been rapidly decreasing pointing to increasing level of decentralization in the home of DeFi and NFTs….
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The Great Ethereum Merge

Ethereum 2.0! You might have probably heard of this if you are following the Blockchain space. “Ethereum will soon move to Proof of Stack…

Ethereum Scaling Polygon

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Polygon Releases the zkEVM to Scale Ethereum

Polygon has released the first implementation of zkEVM to scale Ethereum and ensure EVM equivalence while ensuring high performance….
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Over $8.2 billion of Ethereum (ETH) burnt in 331 Days

Over $8.2 billion worth of Ethereum (or more than 2.5 million ETH) have been burnt in 331 days following the activation of EIP-1559….
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Morgan Stanley: PoS will not Solve Scaling Problems in Ethereum

Morgan Stanley is pessimistic on Ethereum plans of migrating to a proof-of-stake system saying scaling challenges won’t be resolved….
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Institutions Appear to be Exiting their Ethereum (ETH) Positions

Crypto institutions appear to be exiting their Ethereum positions as on-chain activity droop, according to data from Coinshares…
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USDC Flips USDT Daily Average Transactions on Ethereum

For the first time in the history of USDC, the stablecoin posted more transactions on the Ethereum network than USDT….
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GPU Now Cheaper as ETH Prices Dump ahead of the Ethereum Merge

GPUs are now cheaper, down double digits from their MSRP prices, as ETH spot prices dump ahead of Ethereum 2.0 migration….
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Ethereum Has over 750k Failed Transactions in the First Half of June

In the first 16 days of June, Ethereum has posted over 750k failed transactions, during which users have spent thousands in Gas fees….
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Holders with over 1 ETH rise to an All-Time high ahead of “The Merge”

Ahead of the highly anticipated Ethereum Merge on Ropsten Testnet, the number of holders with at least 1 ETH or $1.75k is at all-time…
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Optimism “Overwhelmed” on the First Day of OP Token Airdrop Distribution

Optimism Foundation has admitted that its network’s performance was temporarily reduced after launching its OP airdrop….
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Ernst & Young will only build on Ethereum, a Developed Ecosystem

According to Ernst & Young, Ethereum will take over everything and a multichain future is doubtful because the world loves standard….
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GameStop Releases an Ethereum Non-Custodial Wallet in Beta

GameStop has released an Ethereum non-custodial wallet in Beta for users to securely store fungible and non-fungible assets….
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Coinbase Sued for Freezing GYEN Stablecoin Trading, Causing Millions in Losses

Coinbase sued by enraged victims for suspending GYEN trading leading to millions in losses for stablecoin holders….

Ethereum Scaling Polygon

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Polygon Releases the zkEVM to Scale Ethereum

Polygon has released the first implementation of zkEVM to scale Ethereum and ensure EVM equivalence while ensuring high performance….
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Over $8.2 billion of Ethereum (ETH) burnt in 331 Days

Over $8.2 billion worth of Ethereum (or more than 2.5 million ETH) have been burnt in 331 days following the activation of EIP-1559….
ethereum feature image blockmagnates (1)

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Morgan Stanley: PoS will not Solve Scaling Problems in Ethereum

Morgan Stanley is pessimistic on Ethereum plans of migrating to a proof-of-stake system saying scaling challenges won’t be resolved….
ethereum feature image blockmagnates (1)

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Institutions Appear to be Exiting their Ethereum (ETH) Positions

Crypto institutions appear to be exiting their Ethereum positions as on-chain activity droop, according to data from Coinshares…
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USDC Flips USDT Daily Average Transactions on Ethereum

For the first time in the history of USDC, the stablecoin posted more transactions on the Ethereum network than USDT….
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GPU Now Cheaper as ETH Prices Dump ahead of the Ethereum Merge

GPUs are now cheaper, down double digits from their MSRP prices, as ETH spot prices dump ahead of Ethereum 2.0 migration….
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Ethereum Has over 750k Failed Transactions in the First Half of June

In the first 16 days of June, Ethereum has posted over 750k failed transactions, during which users have spent thousands in Gas fees….
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Holders with over 1 ETH rise to an All-Time high ahead of “The Merge”

Ahead of the highly anticipated Ethereum Merge on Ropsten Testnet, the number of holders with at least 1 ETH or $1.75k is at all-time…
ethereum feature image blockmagnates (1)

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Optimism “Overwhelmed” on the First Day of OP Token Airdrop Distribution

Optimism Foundation has admitted that its network’s performance was temporarily reduced after launching its OP airdrop….
ethereum feature image blockmagnates (1)

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Ernst & Young will only build on Ethereum, a Developed Ecosystem

According to Ernst & Young, Ethereum will take over everything and a multichain future is doubtful because the world loves standard….
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GameStop Releases an Ethereum Non-Custodial Wallet in Beta

GameStop has released an Ethereum non-custodial wallet in Beta for users to securely store fungible and non-fungible assets….
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Coinbase Sued for Freezing GYEN Stablecoin Trading, Causing Millions in Losses

Coinbase sued by enraged victims for suspending GYEN trading leading to millions in losses for stablecoin holders….

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© 2022 Block Magnates, Inc. All rights reserved.

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