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Also Read: Cardano Whales Scoops 560 Million ADA; Something Big Coming Up? $34 Billion Worth Of Ethereum Locked In The cryptocurrency market is in a recovery phase for now. However, it is expected that the traders affected by the recent market downturn might seize the opportunity to withdraw their staked tokens. IntoTheBlock reported that the Shapella fork will enable Ethereum staked to be withdrawn by validators. This will allow $34 billion worth of locked ETH to enter the market. It mentioned that withdrawals of staked ETH will see a delay to be processed in order to mitigate an exodus and worse security for Ethereum. Read More Ethereum News Here… Also Read: Binance Futures Users Affected; CZ Replies Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best...

Despite having pulled back now more than 7% from its recent highs last week around the $1,680 area, Ether (ETH), the cryptocurrency that powers the Ethereum blockchain, is still up close to 18% in the last two weeks. Ethereum is the most popular and well-known smart-contract-enabled decentralized layer-1 blockchain protocol, with its native Ether cryptocurrency the second most valuable cryptocurrency by market capitalization after the world’s first cryptocurrency Bitcoin. ETH sellers have been in control over the last few days ever since Ether failed an attempt last week to push above key resistance in the $1,680 area, a failure which appears to have triggered an uptick in profit-taking by short-term speculators. Technical selling by intra-day traders has likely also played a part – ETH’s latest leg lower was triggered by a bearish breakout from a short-term pennant structure that the cryptocurrency had formed on the 4-hour candle sticks. Where Next...

Source: Pixabay Ethereum creator Vitalik Buterin has proposed a new “stealth address” system for Ethereum that would dramatically improve and simplify the workflow for achieving privacy for ordinary users. According to a blog post published by Buterin over the weekend and titled An incomplete guide to stealth addresses , the proposed system would bring the same privacy properties as generating new addresses for each transaction someone receives. The only difference would be that this would happen without any work needed for the receiver. Privacy remains a large challenge on Ethereum In the blog post, Buterin admitted that privacy – or the lack thereof – is a large problem for Ethereum users, saying: “One of the largest remaining challenges in the Ethereum ecosystem is privacy. By default, anything that goes onto a public blockchain is public […] In practice, using the entire suite of Ethereum applications involves making a signifi...