Decred announces DCRDEX 0.6 with support for Ethereum and USDC swaps

Decred (DCR), designed to offer an autonomous and decentralised privacy maximizing currency, has announced the release of DCRDEX 0.6. DCRDEX 0.6 is the latest version of Decred's decentralized exchange (DEX) platform that improves on previous iterations by introducing direct peer-to-peer (P2P) cross-chain swaps.

Timeline of Decred, Ethereum, Usd-coin

Ethereum Developer Tim Beiko believes that enabling withdrawals has brought down the risk factor associated with staking on Ethereum. According to him, developers will be more willing to stake their Ether due to the restricted commitment.

Ethereum Price Analysis: A support trendline has given a specific direction to the ongoing recovery rally in Ethereum price. Under the influence of this trendline, the coin price has recorded 21.8% growth in the last three weeks from local support of $1700.

With its recent highs fueled by the Shanghai upgrade, Ethereum's (ETH) price hovers around the $2,100 mark. As of April 17, ETH was trading at $2,070, down from its 90-day high of $2,137 achieved on April 16.

The Shanghai and Capella upgrades, collectively known as Shapella, which enabled unstaking for the first time since ETH staking was introduced in December 2020, went live last week — precisely on April 12.

The latest price moves in bitcoin (BTC) and crypto markets in context for April 17, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

As Ethereum's (CRYPTO: ETH) Shapella hard fork began, allowing users to withdraw their staked Ether, over 1.03 million ETH worth $2.1 billion was withdrawn within the first four days. What Happened: According to the beaconcha.in, the withdrawals were made through 473,700 withdrawal requests, the highest withdrawal day being April 15, with 392,800 ETH being taken out.

This decentralized, global team of developers is ignoring the urge to be the first to scale Ethereum. For its holistic approach to build broadly and transparently, Scroll is one of CoinDesk's Projects to Watch 2023.

One of the first projects to integrate the intriguing new mechanism of Account Abstraction has already gotten Visa on board to secure payments processing for crypto transactions. That's why StarkNet is a 2023 Project to Watch.

Ethereum has found a lot of resistance after $2,100 as bears are ramping up their activities once more. The digital asset saw a good run last week following the Shapella upgrade given that withdrawals from the Ethereum Beacon contract were not as high as expected.

Ethereum (ETH), the world's second largest cryptocurrency by market capitalization, has been in the news for several positive reasons all month long. Over the past 24 hours, the digital currency has soared to an 11-month high of $2,137.45.