Prior to The Merge, Ethereum used to have dozens upon dozens of mining pools dedicating hashrate toward the blockchain network. That has all changed and most of the miners transitioned or plan on transitioning to other Ethash compatible coins like ethereum classic, ERGO, and the new fork ETHW. Now Ethereum blocks are verified by validators and at the time of…
Presently, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative. Traders and influencers have been issuing alerts about this inverse correlation, and how the eventual reversal of the movement would likely push Bitcoin price higher. Analyst @CryptoBullGems…
It’s been a great week for Ethereum—and yet one of the worst in a while for ETH. Despite the success on Thursday of Ethereum’s much-anticipated merge, which saw the network flawlessly transition to proof of stake, the network’s native cryptocurrency, ETH, has plummeted some 18.5% in the last three days alone, to $1,419.07 at writing. ETH is down 5.6% today, hitting…
In brief ApeCoin’s “launch contributors” are set to collectively receive 25 million APE tokens, or about $115 million worth as of this writing. APE’s price is down about 9% today ahead of the unlock amid questions over whether recipients will dump their tokens on the market. ApeCoin, the Ethereum-based token built for the Bored Ape Yacht Club NFT ecosystem, launched…
Grayscale today said in a press release and SEC filing that it plans to claim and hold onto the new EthereumPoW (ETHW) tokens born out of the Ethereum fork following the merge—and may sell these tokens and distribute the value to investors in the future. ETHW is a new cryptocurrency which was created as a result of Ethereum’s merge this…
Ethereum’s native token Ether (ETH) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against Bitcoin (BTC). ETH/BTC weekly price chart featuring inverse cup-and-handle breakdown setup. Source: TradingView An inverse cup-and-handle is a bearish reversal pattern, accompanied by lower trading volume. It typically resolves after the price breaks below its support…
The European Central Bank, or ECB, has announced it will be collaborating with five companies for the development of potential digital euro user interfaces. In a Friday announcement, the ECB said it had chosen ‘Big Four’ tech company Amazon, fintech firm Nexi, Spanish digital bank CaixaBank, French payments platform Worldline, and the European Payments Initiative, or EPI, to each focus…
Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoW) roughly five different crypto assets were the main beneficiaries of Ethereum’s former hashrate. However, 24 hours after The Merge, anonymous developers launched an Ethereum PoW fork called ETHW and the fork has managed to garner 60.92 terahash per second (TH/s) of hashpower. However, ETHW has lost a considerable amount of fiat…
Equities markets are witnessing aggressive selling due to increasingly bearish macroeconomic factors, and this is adding sell pressure to Bitcoin and altcoin prices. Source: https://cointelegraph.com/news/price-analysis-9-16-spx-dxy-btc-eth-bnb-xrp-ada-sol-doge-dot
United States President Joe Biden ordered more than a dozen reports to be written when he released his Executive Order (EO) 14067 “Ensuring Responsible Development of Digital Assets.” Five of them had due dates in 90 days, and the last three of them were published at once by the Treasury Department on Sept. 16. The reports were prepared in response…
