Ethereum News: Community Consensus and Leadership Restructuring Announced

In a significant move, the Ethereum community has resolved its internal disputes and announced a leadership restructuring within the Ethereum Foundation. Here’s what you need to know:

Ethereum Community Reaches Consensus, Leadership Restructuring Announced

The Ethereum community has put an end to the internal disputes. The Ethereum Foundation has undergone a significant leadership restructuring. Aya Miyaguchi, who has been the executive director since 2018, will now serve as president, aiming to strengthen the foundation’s institutional relationships and broaden its vision and culture. Effective March 17, Hsiao-Wei Wang and Tomasz Stańczak have been appointed as co-executive directors. Wang, a CORE researcher at the foundation for seven years, played a crucial role in the development of the Ethereum beacon chain.

Parallel Ethereum Card Game Crowns $100K Champion

Ethereum-based trading card game Parallel hosted its first-ever Parallel League Championship esports competition, with professional Hearthstone player Jaromír ’Jarla’ Vyskočil winning $100,000. The two-day event was held at the HyperX Arena in Las Vegas, where 16 top players competed for $250,000. Players qualified through a six-month competitive league earning points via in-game tournaments, ladder matches, and major tournaments.

Ethereum Price Prediction: Peter Brandt Targets $6,000

Ethereum (ETH) has been in the news as the crypto market begins March positively. Peter Brandt, a legendary trader, has analyzed Ethereum’s price action, noting a potential 11-month rectangle chart pattern. This pattern suggests a consolidation phase where buyers and sellers are indecisive, with ETH’s price currently bounded by key levels: support at $2,150. This analysis hints at a significant price movement in the near future.

Bybit Hack Impacts Market Funding Rates, ETH Recovery Signs

The infamous Bybit hack has led to a plunge in market funding rates, wiping out slight gains and causing ETH to decline towards the $2,500 mark. However, Ethereum (ETH) reserves on the exchange have recovered, showing renewed growth. Crypto users remain optimistic despite the hack, with some predicting an altseason. At the time of writing, ETH price stands at $2,676, a 4% drop from recent levels.