While Ethereum’s long-anticipated Merge seems to have hardly dented its price at the time of the upgrade, one of its speculative offshoots experienced a storm of volatility. Ethereum PoW (ETHW) – an Ethereum hard fork backed by a group of Ethereum miners – soared in value during the upgrade. However, it tanked to all-time lows...Read More
What was arguably the most highly-anticipated event in the cryptocurrency space over the past few years is now complete. Ethereum’s proof-of-work mainnet officially merged with the proof-of-stake Beacon Chain, marking the official transition of the entire protocol to PoS. The Merge is Official The Paris upgrade, which is more commonly referred to as “the Merge,”...Read More
Paulo Ardoino – Chief Technology Officer (CTO) at Bitfinex and Tether – recently commented on Ether’s usefulness as money, post-merge. The CTO believes the cryptocurrency cannot compete with Bitcoin as a form of money, due to design choices that have prioritized other objectives. Bitcoin is Money; Ether is Not As the CTO told Crowfund Insider...Read More
With the long-awaited Ethereum Merge expected to go live in less than 24 hours, Joseph Lubin, CEO of the blockchain software technology company ConsenSys, has shared his thoughts on it, noting that the transition is the third-most significant event in the crypto industry. According to Lubin in a recent interview with Bloomberg TV, the first...Read More
On September 13, the U.S. Treasury Department published a guide with a series of steps for U.S. citizens to follow in order to withdraw their funds from Tornado Cash. Tornado Cash was a mixing service shut down on August 8 by the U.S. Treasury Department. This happened after investigations showed that the platform was used...Read More
The talks and plans for an Ethereum Proof-of-Work fork after the Merge have been mounting for quite a while, and it seems that it will be taking place shortly after the migration to Proof-of-Stake. According to EthereumPoW’s latest Twitter thread, the Proof-of-Work fork will take place 24 hours following the Merge. The thread failed to...Read More
Ethereum’s pending transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) can trigger new risks for the troubled crypto lender – Hodlnaut. The Singapore-based company was one of several firms in the crypto industry that succumbed to the pressures of the downturn after the collapse of Terra ecosystem tokens. According to a new report, Hodlnaut has warned...Read More
Sam Padilla – a Web3 Customer Engineer at Google – said the world’s largest search engine launched a countdown clock that shows when exactly Ethereum’s Merge will be complete. The second-biggest cryptocurrency protocol is on its way to shifting from Proof-of-Work (PoW) to Proof-of-Stake (PoS), something unseen in the industry so far. The move is...Read More
This week is shaping up to be one of the most eventful in the cryptocurrency market in a while. With how event-driven the industry has been for the past months, it’s perhaps safe to assume that volatility is likely to expand. With this said, let’s have a look at three of the major events that...Read More
The cryptocurrency ranking and evaluation platform – CoinGecko – examined global Google trends to determine which nation is the most excited about Ethereum’s upcoming transition from Proof-of-Work consensus mechanism to Proof-of-Stake. Per the results, Singapore ranks first, while Switzerland and Canada share the second position. Third is the largest economy in the European Union –...Read More
The beginning of the week was of mixed success for the crypto. And while Ethereum and Solana prices increased, Bitcoin declined. Meanwhile, the newest meme coin, Tamadoge, is again breaking all records. The project raised $12 million in a few weeks. Ethereum is the biggest winner of Monday Ethereum’s price went up by 4.19% to...Read More
Cryptocurrency scams are, unfortunately, a never-ending part of the industry, in which bad actors are trying to offer something too good to be true (usually to double one’s assets). The latest example came hours ago when Apple had a live event in regards to the new iPhones, AirPods, and Apple Watches. When the nearly 50-year-old...Read More
On September 7th, Binance.US announced the launch of an Ethereum Staking service, offering its users an initial annual percentage yield (APY) of 6%. According to the Binance.US blog post, this new feature will allow users to start staking ETH using a minimum of 0.001 ETH (approximately $1.62). An amount much more accessible than the 32...Read More
Crypto mining pool service provider Poolin becomes the latest casualty of panic withdrawals that left several crypto platforms with serious liquidity issues forcing them to halt withdrawals, among other services. Poolin Suspends Withdrawals, Flash Trade Beijing-based mining pool Poolin has announced the suspension of withdrawals, flash trades, and internal transfers in its bid to...Read More
Swiss-regulated SEBA Bank on Wednesday launched Ethereum staking for institutional investors. The development comes only days before the much-anticipated Merge that will transition the second-highest valued blockchain network to Proof of Stake (PoS) from the Proof of Work (PoW) mechanism of transaction validation. Institutional Access to ETH Staking The transition is likely to take place...Read More
Former BitMEX CEO Arthur Hayes recently explained why he believes Ethereum does not qualify as money – whereas Bitcoin does. He touched on the deflationary economics surrounding the upcoming Ethereum Merge, and why there’s more to the story when designing an effective monetary instrument. Gas, or Money? In an interview with the Unchained podcast on...Read More
The Canadian cryptocurrency miner HIVE Blockchain announced its August production figures, saying it mined 290.4 BTC and 3,010 ETH. The company’s equivalent BTC production was 518.8 BTC with an average hashrate of 3.70 Exahash. HIVE Blockchain also acknowledged the potential of Ethereum’s upcoming “Merge,” vowing to start mining various other GPU mineable coins once this...Read More
While overall NFT volume has fallen off a cliff since January, Ethereum Name Service (ENS) domain sales have soared over the past week. The collection is now the most highly traded Ethereum-based collection on OpenSea, beating the likes of both CryptoPunks and Bored Ape Yacht Club (BAYC). What’s behind the collection’s sudden climb to the...Read More
For the first time in roughly 10 days, one of the wallets associated with the troubled cryptocurrency hedge fund, Three Arrows Capital, has moved some funds. On-chain data reveals that the address removed $33 million worth of stETH (staked ETH) from the Curve liquidity pool, alongside roughly $2 million worth of BTC. Data from Etherscan...Read More
The Ethereum price is coiling up ahead of the much-awaited Merger which is scheduled for Mid-September. This event has led to massive surges in the ETH, ETC, and other altcoin prices. However, the crypto community is divided. While some believe that the prices are likely to crash soon after the event, other analysts consider it...Read More
With the much-anticipated Ethereum Merge only days away, Bobby Ong, co-founder and COO of major cryptocurrency data aggregator CoinGecko, has shared some ways on how ETH holders can best take advantage of the upcoming event. In a tweet thread on Monday (September 5, 2022), Bobby Ong said that one of the best ways for existing...Read More
A guide to the projects and companies working to make web3 development as easy as web2 Around the Block, from Coinbase Ventures sheds light on key trends in crypto. Written by Jonathan King, Connor Dempsey, & Hoolie Tejwani Special thanks to Mike Armstrong, Aaron Henshaw, Michael Atassi, Steven Willinger, and Shan Aggarwal for helping to...Read More
Seven Seven Six – a US-based venture capital firm founded by Reddit’s creator Alexis Ohanian – will reportedly raise a $177 million fund to invest in the cryptocurrency market. The company plans to allocate the amount directly into digital assets that are currently trading way below their all-time high levels. Earlier this year, Ohanian raised...Read More
As hawkish remarks from the US Federal Reserve concerning inflation and the economic slowdown continue to weigh on riskier assets, the price of bitcoin today rose to trade above $20,000 after falling below the level in the previous sessions. At $20,333, the largest and most widely used cryptocurrency was trading slightly higher. According to recent...Read More
Arbitrum – an Ethereum layer-2 scaling solution – is poised to undergo a major network upgrade on Wednesday. The upgrade will help Ethereum address the onerous transaction fees that have plagued the network over the past two years. Per a tweet from Arbitrum on Monday, the “Nitro” upgrade will go live on August 31st. It...Read More
The Chicago Mercantile Exchange (CME) has announced the launch of euro-denominated Bitcoin and Ether futures in its marketplace. According to a press release from CME Group, Bitcoin and Ether Euro futures will each be sized at 5 Bitcoin and 50 Ether per contract. Contracts will be cash-settled, based on the CME’s euro reference rate for...Read More
Binance – the world’s largest crypto exchange – has released a statement explaining how it will ensure a smooth transition to a proof of stake (POS) Ethereum next month. In particular, it covered how it will compensate users in the event of an Ethereum fork, during which two different blockchains and versions of ETH could...Read More
Coinbase has announced plans to add support for Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network. The cryptocurrency exchange is allowing customers who stake ETH to receive a liquid representation of their staked-ETH – Coinbase Wrapped Staked ETH. cbETH is an ERC20 utility token that will be introduced right before the Ethereum blockchain’s Merge...Read More
Alexey Pertsev, developer of the U.S.-sanctioned Ethereum-based cryptocurrency mixer Tornado Cash, will have to spend a minimum of 90 days in jail, although he is yet to be charged with a crime. The arrest of the Tornado Cash developer has sparked outrage and concerns from the crypto community, which believes that such action could have...Read More
The Ethereum (ETH) price has ramped up significantly and increased by more than 5% since the early trading hours as the Ethereum Merge inches closer. However, it wasn’t able to keep up the momentum for long, as the price was dragged by bearish pressure from the daily highs near $1637 to its starting point. Though...Read More
