Joe Lubin 'bullish' as Ethereum shows resilience through crypto winter.
“It feels like there just weren't people who would sell the token at lower prices. And that's a good thing. I'm bullish from here.”
The Ethereum Merge also played an important role in the market value of ETH in recent months.
“There's money that you spend to buy a coffee. There's money that you invest. There's money you can lend and borrow. You want sort of your high economic bandwidth money, like ether, to be very fresh and to appreciate in value.” The Ethereum co-founder also said he was confident that the Ethereum ecosystem would not see any further changes in its monetary supply and that a continual contraction of the monetary base was likely to continue.
“I think a slow contraction is reasonable, or at least if you smooth that we'll certainly have ether locked in the protocol and we'll have ether locked in other kinds of DAO voting systems, DeFi, etcetera. I do think that's valuable for the ecosystem.”for the upcoming Shanghai hard fork, of which an important feature will be the enabling of staked ETH in the Beacon Chain and rewards to be withdrawn by users.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ConsenSys releases statement of support for continuation of the Jarrett tax caseThe ConsenSys private blockchain has issued a statement supporting the appeal of the dismissal of a court case involving the taxation of cryptocurrency staking rewards.
Read more »
ConsenSys CEO: ‘We’ve retained virtually all of our capabilities’ after job cutsConsenSys CEO Joe Lubin points to 'macroeconomic and geopolitical' factors as the reason for the company's layoffs. According to Lubin, the cuts provided a “significant runway” to fund operations.
Read more »
Trader Joe's native token 'joe' goes omni-chain with LayerZero partnershipTrader Joe, a decentralized exchange, has partnered with LayerZero to let users move its tokens seamlessly across blockchains.
Read more »
Ethereum (ETH) Price Primed for Rebound, Here Are 3 Factors That Can Drive This GrowthEthereum price sees new on-chain trends that can fuel its growth
Read more »
Ethereum (ETH) Price Analysis for February 6Can ETH get back to midterm bull run soon? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Read more »
Ethereum Plans ‘Shapella’ Transition on Zhejiang Testnet — Dev Insists 'Withdrawals are Coming' – Technology Bitcoin NewsEthereum plans to activate the 'Shapella' transition through the Zhejiang public testnet on Feb. 7, 2023, according to developer Tim Beiko.
Read more »