The Ethereum Merge was an incredibly anticipated upgrade, with good reason. It not only drastically increased the number of transactions that the network could handle, but it also greatly diminished the energy consumption of the network. However, Ethereum miners have found themselves as collateral damage in the upgrade as there is no longer a need
Ethereum
Ethereum has completed one of its most significant milestone with the successful completion of “The Merge”, the migration to a Proof-of-Stake (PoS) consensus. Market participants were expecting an aggressive price action during this event, but the results might be disappointing. And we finalized! Happy merge all. This is a big moment for the Ethereum ecosystem.
As the Merge successfully shifted the Ethereum network to proof-of-stake (PoS), the Ethereum community seized the opportunity to celebrate by dropping artworks and music inspired by Ethereum. Nonfungible token (NFT) artist Beeple, the creator of one of the most expensive NFTs ever sold, celebrated the Ethereum Merge by publishing an illustration that shows a massive
The Ethereum Merge is set to occur later today with the energy-efficiency focused transition expected to have a major impact on crypto investment and adoption, experts say. Speaking to Cointelegraph in the lead up to the Merge, StarkWare president and co-founder Eli Ben-Sasson noted that the Ethereum Merge will be the “first step in a
Given the current state of the wider crypto market, some traders might be surprised to learn that Ether (ETH) has been trading in an ascending trend for the past 17 days. While the entire cryptocurrency market experienced a 10% decline on Sept. 13, Ether’s price held firm near the $1,570 support level. Ether/USD price index.
The long-awaited Ethereum Merge is just around the corner, but not everyone is excited about the major upgrade. A group calling themselves ETHW Core has voiced its opposition to the change and is set to conduct a hard fork within 24 hours after the Merge. Under the project name, ETHPoW and with the token ETHW,
Amazing things are being built in Web3 — often by pseudonymous individuals who prefer to keep their real-world identity private. In some ways, this is liberating. It means that anyone can have a chance to get involved in a project and deliver value to the community — irrespective of their background. But as decentralized identities
Bitcoin (BTC) crashed below $22,000 instantly on Sept. 13 after United States inflation data failed to meet estimates. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI print sparks major crypto rout Data from Cointelegraph Markets Pro and TradingView showed BTC/USD swiftly falling $1,000 after Consumer Price Index (CPI) inflation for August came in at 8.3% year-on-year.
Institutional investors may be wavering ahead of the Ethereum Merge, with Ether (ETH)-based digital asset investment products seeing an outflow of $61.6 million, signaling concerns about the success of the upgrade. In its digital asset fund flows weekly report, fund manager CoinShares reported that Ether-based investment products made up for the majority of total outflows
The United States equities markets and the cryptocurrency markets have started the new week on a strong footing. This suggests that investors expect the Federal Reserve’s possible 75 basis point rate hike in the Sept. 20 to 21 meeting to be priced in and it also could mean that investors believe inflation has peaked. Bitcoin’s
SEBA Bank is a renowned digital currency company that acts as a bridge between conventional currencies and digital currencies, like Ethereum. It’s committed to offering its customers and clients a secure and seamless trading experience. Like regular banks, SEBA Bank allows investors and traders to perform transactions based on cryptocurrencies and traditional currencies. While these
The Ethereum community and the entire crypto space will soon witness the Merge launch, the long-awaited upgrade. It’s a transition for the Ethereum mainnet from PoW to PoS consensus mechanism. It has become one of the most hyped events in the industry as many people are presenting different opinions about it. Over the past few
A report from blockchain analytics platform Nansen highlights 5 entities that hold 64% of staked Ether (ETH) ahead of Ethereum’s highly anticipated Merge with the Beacon Chain. Ethereum’s shift from proof-of-work to proof-of-stake is set to take place in the coming days after final updates and shadow forks have bee completed in early September. The key
The Ethereum price is rallying above critical levels as “The Merge” is on the horizon, the bullish momentum might receive a fresh push and finally take ETH north of $2,000. In the meantime, market participants are speculating about the immediate future of the second cryptocurrency by market cap. At the time of writing, Ethereum’s price
As a sign of support for the upcoming Ethereum Merge, tech juggernaut Google is marking the time left until the upgrade with a new countdown timer. Typing any variation of “Ethereum Merge” or “The Merge” into the search engine shows a countdown ticker, with the estimated time left until the Merge based on the current
In recent years, nonfungible tokens (NFTs), cryptocurrencies and other modern investment options have become trendy. However, physical commodities such as gold are still in high demand. In 2021, the global market capitalization for cryptocurrency surpassed $2 trillion. Now, investors must ask themselves: which option should I choose — crypto or gold? Gold is a commodity
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