2,023 ETH Worth $3M Was Just Burned

What happened: On Thursday a total of 2,023.98 Ether (CRYPTO: ETH) worth $3,416,744, based on the current value of Ethereum at time of publication ($1,688.13), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

Timeline of Ethereum

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. Over the last two days, Ethereum [ETH] recouped its bullish forces after witnessing a morning star candlestick setup from its 200 EMA (green).

The price of the leading altcoin, Ethereum [ETH], traded above $1,770 during the intraday trading session on 28 July. The last time that the altcoin reached this price was on 10 June.

Leading smart contract platform Ethereum (ETH) is moving one step closer to its long-awaiting transition to operating via proof-of-stake (PoS). A new post on the Ethereum Foundation blog is alerting users of all stripes on what to expect in the coming days as a new stage of ETH 2.

Ethereum moves towards $1800 as the bulls are taking over the markets after the new increase of $1700 level and showing more positive signs to continue the movement so let's read more today in our latest Ethereum news.

Miami City will launch 5000 ETH NFTs with the help of companies like Mastercard, TIME, and Salesforce that will make it happen so let's read more today in our latest cryptocurrency news.

Ethereum price has risen above $1700 after the recent spike and displays huge possibilities of smashing $1800 levels in no time. While the asset seems to consolidate pretty well presently, a major upswing is fast approaching that could escalate the prices close to $2000 in the next couple of weeks.

Merge is the currently awaited upgrade on the Ethereum blockchain. With the launch of Merge, the network is expected to migrate from Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism.

ETH developers have been hard at work preparing for the final testnet merge, scheduled for early August. Developers recently announced the final details for the final testing phase of the Merge before the long-awaited official merge.

While the market as a whole rose today, meme coins also followed the suit. Shiba Inu is up 8.1 percent today, reversing the downward trend it experienced over the previous week and protecting the meme coin from disproportionate losses.

Miami City Mayor has announced a new NFT venture in collaboration with Time magazine, MasterCard, and Salesforce The city will be launching 5000 ethereum NFTs designed and created by 56 local artists The venture is set to bolster local businesses and help them earn more revenue.  Miami City mayor Francis X Suarez recently unveiled plans to launch 5000 Ethereum NFTs in collaboration with Time Magazine, Mastercard, and Salesforce.