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EthOS, a native operating system that integrates with the ethereum blockchain, has launched a major new release.

ethOS 2.1 comes with a System Wallet secure enclave, a mint app, a light node indicator and easier chain switching, says Markus Haas, the co-founder of EthereumPhone.

This is a fork of the popular fork of Android, called LineageOS, making ethOS open source too and available on Github.

To install it, you need an OEM Unlocked Google Pixel 3, 3XL, or 5a, with this being a bridge to the teams ambitions to launch a full on hardware device called the Ethereum Phone (Phone).

The operating system, as youd expect, has a native eth wallet and some blockchain capabilities like insta NFT minting a picture you take with your phone.

It connects with the blockchain roughly the same way as most wallets do, through a light node which instead of downloading every block, downloads only the block headers containing a summary of the information within the blocks.

These used to be called SPV wallets, and they still are in bitcoin, that standing for Simplified Payment Verification. They have some theoretical problems, but for more than a decade now they have run without problems in practice.

It integrates with the Ethereum Name Service (ENS) natively as well, something that then brings us to the actual potential unique selling point.

This operating system integrates the little known Extensible Message Transport Protocol (XMTP), which describes itself as an open protocol, network, and standards for secure, private web3 messaging.

Because the XMTP network persists messages, and those messages are tied to web3 identities as opposed to a specific client app, each web3 identity has an interoperable inbox that it can access using any client app built with XMTP, the project says.

So a kind of an open chatapp, like the defi dapps but this doesnt use a blockchain or the Ethereum Virtual Machine (EVM). It does have nodes however.

The nodes provide a message API that enables client apps built with the XMTP client SDK to communicate with the XMTP network. The nodes use Waku node software to connect to other nodes and form a peer-to-peer network to relay and store envelopes submitted and requested by client apps.

These nodes are currently closed source and are operated only by XMTP Labs, though theyre working towards opening them up to make it a fully decentralized network.

So you can connect your ENS to XMTP through ethEOS and. party on? Making this whole infrastructure from start to finish, well once the hardware phone is built, all crypto native as much as it can be.

So giving a vivid indication of the expansion of this space in seemingly unrelated areas, though crypto is making some significant advances even in what might look like further out areas.

One such area is data replication, like database replication for say MySQL but other sorts too with a full on 200 pages long dissertation discussing just how crypto is contributing to that space and in turn how new research can contribute to crypto.

The operating system therefore on its own might look like little, but combined with all the rest it is a bit of hard science coming to market.

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Ethereum Mobile Operating System Goes Live Trustnodes - Trustnodes

Arbitrum made headlines over the month of March, first for the launch of its native token ARB and then for AIP-1. The very first governance proposal that the Foundation put out did not sit well with the community resulting in severe backlash. Now the Foundation is attempting to fix its blunder since Arbitrum use has sustained solid growth.

The controversial proposal was criticized for the way it handled the response from the community. Despite noting a majority vote against the transfer of $1 billion worth of 750 million ARB for admin and operations costs, the Foundation went ahead with it anyway.

Ethereum hit a new yearly high as the price climbed above the $1,900 level for the first time in a year. ETH holders await the Shanghai hard fork scheduled for April 12 and a rally in the altcoin close to the event signals the likelihood of the upgrade being a sell-the-news event.

Ethereum, the second-largest altcoin by market capitalization witnessed a spike in its price earlier today. ETH price climbed consistently since mid-December 2022, pushing the altcoin to a new yearly peak of $1,911, based on data from CoinGecko.

Shiba Inu themed meme coins SHIB, Dogecoin (DOGE), Floki Inu (FLOKI) and Dogelon Mars (ELON) wiped out their recent gains driven partly by Twitters logo change. Meme coin price rallies are popular for being typically fleeting.

Historically, meme coin holders engage in profit-taking when the price hits a local top.

Shiba Inu themed meme coins yielded gains for holders in response to the recent logo change of Twitter. DOGE offered double-digit gains to holders overnight while SHIB, FLOKI and ELON followed the lead of the largest meme coin in the ecosystem.

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Cryptocurrencies Price Prediction: Arbitrum, Ethereum & Shiba European Wrap 6 April - FXStreet

On-chain data reveals that crypto whales are snapping up the native asset of a hot Ethereum (ETH) layer-2 project by the millions.

Blockchain-tracking firm Lookonchain says that digital asset manager Amber Group sent millions of dollars worth of Arbitrum (ARB) tokens to crypto exchanges OKX and Binance, where they could potentially be sold on the open market.

Two related addresses of Amber transferred 11.2 million ARB ($15.8 million), out of which, 7.3 million ARB ($10.3 million) was transferred to OKX and Binance and currently holding 4.47 million ARB ($6.3 million).

While Amber Group reduced its ARB holdings, Lookonchain says several crypto whales have been in the process of accumulating ARB. According to the analytics firm, one whale collected a total of 4,048,947 ARB worth $5.7 million from OKX and Binance within the last 48 hours.

A second whale received 4,099,517 ARB worth $5.78 million from OKX over the same timeframe. Meanwhile, a third crypto whale accumulated 1,003,798 ARB worth $1.41 million from crypto exchange Binance.

At time of writing, ARB is trading for $1.34, trading mostly sideways over the past week.

Lookonchain also recently spotted an Ethereum whale that staked nearly $100 million worth of ETH through a decentralized finance (DeFi) platform.

A whale staked all 53,024 ETH ($95.5 million) through Abyss Finance

Through on-chain data tracking, we found that the ETH of the whale was bought from Poloniex, Gemini, Bittrex and other exchanges in 2017 and 2018, with an average buying cost of ~$368.

Generated Image: Midjourney

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Crypto Whales Accumulating Ethereum Scaling Altcoin by the Millions, According to On-Chain Data - The Daily Hodl

Bitcoin and Ethereum prices were unmoved in response to US Nonfarm Payrolls (NFP). The US jobs report turned out to be a non-event from crypto market participants. It is likely that the event was priced in by traders as both Bitcoin and Ethereum prices rallied close to psychologically relevant price levels over the past week.

Also read: Breaking: US Nonfarm Payrolls rise by 236,000 in March vs. 240,000 expected

The US Bureau of Labor Statistics (BLS) dropped its NonFarm Payrolls report earlier today, noting a 236,000 increase in payrolls against the market expectation of 240,000. Februarys job report showed an addition of 326,000 in NonFarm Payrolls.

There was a decline in the Unemployment Rate, down to 3.5%, and Average Hourly Earnings nosedived to 4.2%.

In response to the report, Bitcoin and Ethereum remained unmoved. It's important to note that the release of the report ahead of the Easter holiday could be one of the reasons why zero-to-low volatility was noted in crypto prices.

It is somewhat likely that the anticipation surrounding the US jobs report, with expectations for a mixed report that have been confirmed, helped drive Bitcoin and Ethereum prices to key levels over the past week. Bitcoin price had climbed to $29,000, close to the psychological barrier at $30,000, and Ethereum hit a new 2023 high, crossing above $1,900.

ETH/USD and BTC/USD 4-hour price charts

The recent spike in Bitcoin and Ethereum prices, prior to their pullback supports, raised the likelihood of the event being priced in by market participants.

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US Nonfarm Payrolls turn out to be a non-event for Bitcoin and Ethereum - FXStreet

Cryptocurrency can be one of the more complicated things to get into. Understanding which digital asset is about to enjoy a bullish run or which blockchain is the best platform to develop an application can be complex. The crypto market is accompanied by a myriad of challenges and drawbacks and investors have to be certain about a coin before they decide to invest. Looking at Bitcoin (BTC), Ethereum (ETH), and Dogetti (DETI) as examples, well use this article to weigh up the advantages and disadvantages of investing in cryptocurrency in 2023.

The major risk associated with buying crypto is volatility. The value of a coin can fluctuate wildly in a very short space of time. This means investment can appear speculative as there is no guarantee that the crypto being bought will always be trading profitably for investors. Whilst this volatility can generate high returns, it can also lead the way to significant losses.

Sometimes this can be triggered by unexpected events.

The year 2023 has been something of a difficult grieving process for the cryptocurrency market after the FTX crash. This triggered a domino effect as Silvergate Capital, a crypto-focused bank, was followed by banks specialising in digital currency in announcing the closure of its operations. This led to the crypto market bleeding heavily as even the two biggest cryptocurrencies, Bitcoin and Ethereum, began trading bearishly as investors lost confidence.

Another risk that comes with cryptocurrency is the potential for hacking. Because cryptocurrency transactions are irreversible, it can be difficult to recover funds if they are stolen. Additionally, if you lose your private key or forget your password, you may not be able to access your funds. The threat of hacking is particularly prominent; a report published last year by the United Nations found that billions of dollars had been stolen from crypto-related businesses by cybercriminals.

Cryptocurrency does however generate incredibly promising rewards when everything falls into place together. Bitcoin and Ethereum are prime examples of that. Bitcoin might have started off as worth just a few cents but it is now worth over $28,000 per coin with a market cap of around $548bn.

The rewards arent just about filling your pockets immediately either. Blockchain technology has been revolutionary in how it has allowed applications to be developed using them. Ethereum has led the way on this and has cultivated a reputation of high trust and reliability amongst developers. On top of that, the Ether token is a very lucrative investment for crypto traders, as its currently selling for around $1,838 on the market.

And though, as mentioned previously, this is not a solid indication of the future, Bitcoin and Ethereum underline the resilience of the cryptocurrency market. Prices can crash, but they often recover too.

An issue with the financial market, in general, today is that it is controlled by governments or financial institutions, its not beholden to customers. There are, however, many crypto coins that are accountable and rooted in those who use their services. Dogetti is an example of that. Known as a meme coin, it establishes humour and mafia tropes to build a tight-knit community that sustains it.

Dogettis unique selling point is that its ecosystem embeds investors into the platform and ensures they have both a stake and a voice in the coin. This can involve ensuring that all who hold DETI tokens receive some earnings from a 6% tax on all transactions on Dogettis NFT Marketplace. It can also mean entrenching the representation of DETI members into the decision-making process of the platform through the DogettiDAO feature.

Dogetti (DETI)

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

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What Are The Benefits And Dangers Of Buying Cryptocurrency In ... - NewsWatch