Tag: Ethereum

Bitcoin and Ether fell below recent support levels in the past 24 hours – BTC fell about 9%, while ETH dropped 6% – which caused over $250 million in liquidations. The crypto market drop followed the decline in US stocks after higher-than-expected inflation readings for August. According to data, futures tracking Bitcoin lost upwards of…

Reconsidering the first cryptocurrency’s slow-and-steady approach to development, as Ethereum’s “Merge” nears – writes Chris Castiglione on CoinDesk. Bitcoin is slow to change. Transaction speeds are too slow for a global payment system. The community is reluctant to embrace novelty. And the rate of new innovation, in comparison to nearly every other blockchain, is tortoise-like….

Ethereum’s Bellatrix upgrade was successful Ethereum’s Merge came closer last week with its Bellatrix upgrade going live on Sept. 6. Bellatrix is the final step before the Ethereum blockchain switches to a proof-of-stake consensus model from its current proof-of-work model. The Bellatrix upgrade prepares Ethereum’s proof-of-stake Beacon Chain for The Merge with its mainnet Execution…

The Ethereum Merge could flood the crypto industry with out-of-work miners, impacting not only Ethereum but all PoW coins. This is likely to force many crypto miners to give up and abandon their expensive mining rigs amid plunging profits. As Cointelegraph reported, the transition of the Ethereum blockchain from a proof-of-work (PoW) consensus is likely…

Crypto firms and exchanges dealing in ETH have made announcements informing clients of any preparations needed ahead of the Merge, from proof-of-work (PoW) to proof-of-stake (PoS) consensus. While crypto whales are moving their ETH funds to exchanges as the shift approaches. Crypto exchange Binance has announced preparatory steps for the Ethereum Merge – expected to…

Coinbase announced it will launch its own liquid staking token, titled cbETH, which users can get in exchange for ETH that Coinbase will stake on the proof-of-stake version of Ethereum. Ahead of Ethereum’s Merge, the exchange aims to diversify the liquid staking market, which is currently single dominated by the Lido protocol.  On August 24,…