What happened to ethereum?

The Ethereum blockchain is used for several things, such as the creation of tokens, decentralized applications, development and execution of smart contracts, and more.

However, since Bitcoin gets most of the attention in the cryptocurrency space, most people wonder: “What is happening with ethereum?”

In this article, we address this question and get you up-to-date with the latest 

ethereum news.

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Ethereum news in spring 2020 to consider before investing

Similar to the other leading cryptocurrencies, Ethereum has been having a very interesting 2020 so far. Here is some of the latest ETH news concerning adoption, project development, regulations, and more.

In the Ethereum latest news, we will first look at its adoption rate. While most investors and traders look at the prices of cryptocurrencies, adoption is what would drive digital coins in the long run. On the adoption front, ETH has been one of the leading cryptocurrencies in the world.

2019 was an excellent year for the project in terms of adoption. According to a report by Dapp, Ethereum recorded over 1.4 million active dApp (decentralized application) users. This number is substantially higher than the 800,000 recorded in 2018. Among these numbers, 1.28 million were new users while 137,000 were returning users.

This data is similar to what DappRadar reported, with the platform indicating that the daily users of Ethereum dApps grew by 118 percent in 2019. The rise of DeFi has been key to the progress of Ethereum over the past year.

However, Ethereum could lose some of its users as the popular blockchain game CryptoKitties is planning to migrate to its own blockchain. CryptoKitties remains one of the most active dApps on the Ethereum network. Despite that, the Ethereum network continues to gain adoption, with ETH betting launched on the Cloudbet platform.

Ethereum developers have been working on the launch of Ethereum 2.0, with the network looking to migrate to the Proof of Stake protocol. According to Ethereum co-founder, Vitalik Buterin, the significant development to Ethereum.20 in 2020 would be the launch of Phase 0.

He revealed that the launch of Phase 0 would release the proof-of-stake network, which will come online this year. At the moment, the Ethereum network is undergoing a lot of optimization with the Phase 0, and the developers would continue to refine it over the next few months. At the moment, more than 95 percent of Ethereum developers are confident that Etheruem 2.0 will launch by this July.

The next ETH coin news update focuses on the regulatory efforts around the world. On the regulatory front, Ethereum is affected just like the majority of the other cryptocurrencies. In India, the ban on cryptocurrencies has been lifted by the Supreme Court, which means cryptos such as Ethereum, Bitcoin, and others are now available to millions of people in the country.

The regulatory efforts in the EU are also yielding positive news. According to Boerse Stuttgart's chief digital officer, Dr. Ulli Spankowski, the new AML regulation in Europe has increased the institutional interest in cryptocurrencies. With more institutional investors in Europe venturing into the cryptocurrency space, we could see more financial products based on Ethereum, Bitcoin, and the others being rolled out in the coming months and years.

In the United States, the legislative is still battling to introduce a comprehensive cryptocurrency bill. Recently, Rep. Paul Gosar from Arizona submitted a proposal aimed at the comprehensive reform of US cryptocurrency regulation. The bill called the “Crypto-currency Act of 2020” seeks to define the various categories of digital assets and clarify the federal agencies that will govern each aspect.