Despite Ethereum’s historic transition to a proof-of-stake (PoS) consensus mechanism, mining pools are increasingly signing up for mining on the upcoming proof-of-work (PoW) version of Ethereum. EthereumPoW, the community advocating for ETHPoW, or the PoW Ethereum version, has released a list of mining pools that are going to continue mining after the ETHW mainnet launch. According to EthereumPoW, some major…
Ethereum (ETH) continues its sideways trading pattern observed on Wednesday in the run-up to the network’s switch to proof-of-stake (PoS), changing hands at $1,591 at the time of this writing, or down 0.90% over the past 24 hours, per CoinMarketCap. The industry’s second-largest cryptocurrency successfully completed its eagerly-awaited transition from proof-of-work PoW to PoS early Thursday, marking the beginning of…
Blockchain platform Tron has launched the third season of its 2022 Grand Hackathon, with $1.2 million in prizes up for grabs. Developers can participate in six tracks, including two all-new options. Joining the previous hackathon’s DeFi, GameFi, NFT and Web3 tracks are new Ecosystem and Academy tracks. The Academy track is an in-person mini-hackathon for students, which will see them…
Coinbase users will be able to see which U.S. politicians are “crypto-friendly” with a new in-app tool, CEO Brian Armstrong announced yesterday on Twitter, as crypto companies ramp up their lobbying efforts ahead of the midterms in November. The tool shows how different members of Congress measure up on their “crypto sentiment,” which can range from “very positive” to “very…
Ethereum successfully completed its long-awaited transition to proof-of-stake via “the Merge” on Sep. 15, while traders have been increasingly shorting Ether (ETH) in anticipation of a sell-the-news event. Ethereum funding rate plumme Ether’s futures funding rates across leading derivatives platforms dropped below zero—to their worst levels to date—before the Merge. The rate dropped to as low as -0.6% on BitMex. …
After Ethereum’s successful merge, miners began switching their rigs to other blockchains. Ethereum Classic (ETC), a hard fork of Ethereum executed following the 2016 DAO hack, saw its network hash jump nearly 300% from 66.54 terra hashes per second (TH/s) last night to 265.43 TH/s today, per data from 2miners. The tremendous increase in hash rate can likely be attributed…
The Ethereum blockchain has successfully completed its shift away from proof-of-work to proof-of-stake (PoS) consensus following the merge of the Mainnet and the Beacon Chain. The Merge took place on Sep.15 as the network shifted to PoS seamlessly, seeing hardware-based miners replaced by validators that stake Ether (ETH) to process transactions, add new blocks and maintain the network. The most…
Ethereum’s final proof-of-work (PoW) block was turned into art this morning. According to Etherscan, the closing chapter in the network’s PoW ledger comprises just one transaction: a VanityBlock NFT. The NFT’s creators paid 30 Ethereum (roughly $50,000) to mint the NFT in the early hours of Thursday, after raising funds from investors. The price is Ethereum’s block gas limit or…
Ethereum’s core developers already have their eyes set on the network’s next upgrade, Shanghai. What it will consist of, however, is up for debate. Source: https://decrypt.co/109766/the-ethereum-merge-is-here-what-next
The Central Bank of Argentina has issued a new set of rules for operators of digital wallets in the country. Customers of companies like Uala, a wallet popular in Argentina, will now be qualified as financial users, having new protections similar to those offered by banks and other financial institutions. Central Bank of Argentina Strengthens Digital Wallet Supervision …
