Analysts debate whether Ethereum’s London hardfork is a “sell the news” event
Analysts caution against a potential “buy the rumor, sell the news” pullback for ETH while historical data shows that the price tends to rise following major network upgrades. Ethereum advocates are bubbling with anticipation over the upcoming London hardfork which is scheduled to take place at block height 12,965,000 on Aug. 5.Data from Cointelegraph Markets Pro and TradingView shows that the price of Ether rallied from a low at $2,450 in the early hours on August 4 to an intraday high at $2,772 for an 8.2% gain on the day.ETH/USDT 4-hour chart. Source: TradingViewOne of the most common....
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Three Ethereum testnets now have a set date for the London hardfork, a key step towards a full mainnet implementation. The hotly anticipated “London” Ethereum hardfork now has a set block height for three Ethereum testnets — a key penultimate step towards a full mainnet launch.In a blog post on the Ethereum Foundation’s website, Ethereum core developer Tim Beiko wrote that the Ropsten, Goerli, and Rinkeby testnets now have set block heights at which London will go live, with Ropsten expected to be the first at block 10499401, or sometime on June 24th. Goerli is expected to be next on June....
The Ethereum community is in emergency mode as showstoping findings from the Cornell team sent the soft-fork option out. The only choice now available is whether to hard-fork or not, a decision that must be made in just 16 days. DDos vulnerabilities were found in Ethereum’s softfork which allows an attacker to exploit the gas limit (comparable to bitcoin’s transaction fees) and, in effect, bring the whole network to a halt. Therefore, the “[s]oft fork is out” says George Hallam, spokesman for Ethereum’s foundation, speaking to CCN. The community now has to move incredibly quickly and make....
Cardano smart contracts upgrade is almost upon us. With just three days left, there is a lot of speculation as to what the price of the digital asset will do until then. The weeks leading up to the launch have seen the asset hit multiple new all-time highs. That is until the crash that rocked the market on September 7th. Cardano suffered an 18% flash crash that saw it lose most of its gains for the previous weeks. Now, with the market still reeling from the crash, the digital asset has begun to regain some of the lost value. But at a much slower pace. One news that has helped to hold the....
Ethereum’s community is preparing for the second upgrade of a two parts hardfork plan to address a number of bugs that were exploited last month which slowed down the network to almost a halt. The first of the two parts hardfork was just under a month ago with Jeffrey Wilcke, founder of Ethlabs and one of Ethereum’s Geth developers, stating that the second hardfork will initiate at block number 2,675,000 which is expected in about seven days. All node operators therefore, especially any Ethereum based business and miners, will now need to upgrade to the newly released Geth client or the....
After more than a month of raging debate, Ethereum’s community has reached a conclusive decision. Ethereum will Hardfork. Some tense hours yesterday raised the prospect of a protracted fight, but, Ethpool cleared any doubt by announcing they are to support the hardfork: “[A]ccording to our voting policy stated in the announcement, we will support the hard fork.” Dwarfpool, Etherpool/Etherminer, Coinotron, Nanopool, MiningPoolClub, Alpereum and Eth.pp.ua support the fork in certain terms. In combination, they control about 60% of the hashrate, ensuring the chain they work upon is the....