Swarm, Ethereum's Storage Network, Announces Mainnet Storage Incentives and Web3PC Inception

PRESS RELEASE. Swarm, the decentralised storage and communication system built on Ethereum, is announcing the mainnet release of its storage incentives programme, a mechanism to reward storage providers, which now incorporates staking.

Timeline of Ethereum-swarm, Ethereum

What happened: On Tuesday a total of 3,278.32 Ether (CRYPTO: ETH) worth $3,970,076, based on the current value of Ethereum at time of publication ($1,211.01), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

A team of researchers at the financial giant VISA has come up with a concept that would enable automatic payments for Ethereum (ETH) self-custodial wallets. Catherine Gu, the head of CBDC and protocols at VISA, says the company has been “closely tracking the development of the crypto ecosystem” and doing deep dives into Web3 infrastructure.

Paxful, a P2P crypto marketplace, reveals kicking Ethereum off its marketplace, citing its increasing centralization and ETH-based scam tokens. The CEO of Paxful, Ray Youssef, said he would delist ethereum from the platform on Dec. 22.

Paxful, a popular peer-to-peer (P2P) cryptocurrency trading platform, has announced it's delisting Ethereum (ETH/USD)from its marketplace. According to Paxful founder and CEO Ray Youssef, the p2p crypto exchange is finally removing Ethereum as it looks to push forth with integrity as opposed to focusing on revenue.

Ethereum price analysis shows a bearish trend for today. The bears have taken over the price charts once again and have brought down the price from $1,224 to the $1,214 level; as the broader market is bearish, so is ETH.

There seems to be no end to the ongoing FTX drama with newer facts popping up every other day. Recently with the revelation of Alameda Research — the trading arm of the FTX conglomerate — financing crypto media outlets like TheBlock is again back in news.

Ray Youssef, CEO and co-founder of Paxful, has put his plan to remove Ethereum (ETH) from the exchange, which he revealed a week ago, into action today. The exchange is one of the largest peer-to-peer crypto trading platforms in the world, and Youssef says he has a big responsibility to his 11.6 million customers.

CEO Ray Youssef called ether "essentially a digital form of fiat." The post Paxful pulls ether, citing centralization and scams used to steal billions appeared first on The Block.

Layer 2 activity is ramping up and has surpassed Layer 1 Ethereum for some metrics, including transactions per second. The post Layer 2 Ethereum Networks Flip L1 In Transactions Per Second appeared first on BeInCrypto.

Visa, the financial services corporation headquartered in San Francisco, California, published a blog post that talks about leveraging ethereum and the layer two (L2) scaling solution Starknet so people with self-custodial wallets can pay their bills.