Ethereum after The Merge: 50% crash ahead?

The whole market saw ETH push to a recent high… before plunging into its worst week of the year. This was termed one of the largest occurrences in market history. The Merge came with the might of a hundred suns, but it quickly petered out. In anticipation of this momentous occasion, ETH prices surged by about 130% from their June lows to their current August highs. However, the enthusiasm surrounding ETH has quickly dissipated, with the...

Bitcoin, Coinbase, Cryptocurrencies, Ethereum, Front page, Lido

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5 entities own 64% of staked ETH; ETH sell-off

A study from Nansen reveals that 5 organizations possess 64% of staked Ether (ETH) ahead of Ethereum’s Merge with the Beacon Chain. Also, Nansen determined that more than 70% of staked ETH is worth less than when bought. They published a research addressing one of the main anxieties highlighted by Ethereum’s Merge: that a large number of “stakers” may sell out ether (ETH) if given the opportunity. Centralization Five...

$stETH, Cryptocurrencies, ETH2, Ethereum, Front page, Staking

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Where does Ethereum go from here?

The core developers of Ethereum have decided not to convene as a group or make any major decisions concerning the future of the network over the next two to three weeks. However, this time away from pressing decisions is temporary. The Ethereum core development team has one month to decide on the improvements they want to see in the next Shanghai update. The group is split on this issue. Again, the judgment will have far-reaching financial...

Cryptocurrencies, ETH2, Ethereum, Front page

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The Merge is here: Why is it so important?

The Ethereum upgrade often referred to as “The Merge” went live September 15th on the network of the digital currency. Changes in the consensus process from Proof-of-Work (PoW) to Proof-of-Stake (PoS) have profound effects on the Blockchain’s operational dynamics, allowing for novel use cases but also raising certain ethical concerns. All the hype around the upgrade hasn’t prevented the digital currency’s value...

Blockchain, ETH2, Ethereum, Front page

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Ethereum Classic jumps 12% as hash rate peaks

Ethereum Classic (ETC), a hard fork of Ethereum implemented after the 2016 DAO breach, set a new record hash rate of 48.82 tera hashes per second (TH/s) yesterday. This increase follows last week’s decline throughout risk asset markets, which dropped Bitcoin (BTC/USD) below $20,000 and Ethereum (ETH/USD) to a low of $1,483, and continues the altcoin’s recent increases as it approaches the highly anticipated Merge. As Ethereum...

$ETC, Altcoins, Crypto Mining, Cryptocurrencies, Ethereum, Front page

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Mark Cuban: “I’m a fan of the merge”

Ethereum is the second biggest cryptocurrency by market value, and “Shark Tank” star Mark Cuban just told Fortune that he is still “very optimistic” about it. Mark Cuban, a billionaire investor, is among those who favor the “merge” of Ethereum, a long-awaited improvement to the blockchain that would greatly lessen its negative impact on the environment. When the merging upgrade is live, in less than a...

Crypto adoption, Ethereum, People

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Buenos Aires will introduce Ethereum validation nodes in 2023

Diego Fernandez, the city of Buenos Aires’ secretary for innovation and digital transformation, said during the ETH LATAM event that the Argentine capital intends to add Ethereum validation nodes in 2023. According to Fernandez, the initiative “has exploratory and regulatory aims” and would assist the 3 million-person city in “developing adaptive policy” for cryptocurrencies. This was said in an interview with...

Cryptocurrencies, Ethereum, Front page

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Ethereum price rises after The Merge test concludes

Supporters of Ethereum had a momentous occasion late last night. The most recent test of the long-awaited upgrade to The Merge was successfully carried out at around 9:45 pm New York time on Wednesday. The latest upgrade for The Merge entails moving to a new security architecture for the network that is known as Proof of Stake (POS). Users are required to make use of the ether cache they already possess in order to validate transactions and...

Cryptocurrencies, ETH2, Ethereum, Front page

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What is the Merge in Ethereum? 

The Merge represents the joining of Ethereum’s existing execution layer (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step towards realizing Ethereum’s vision: more scalability, security, and sustainability. How The Merge happens Proof-of-work has been used to secure...

Blockchain, Cryptocurrencies, ETH2, Ethereum, Featured, Front page

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The Merge might boost demand for Ethereum, probably surpassing Bitcoin

According to a Bloomberg piece titled “Booms, Busts, and Bitcoin,” The Merge will be accompanied by a sequence of events that will alter the view of ETH as an investment asset, with the potential to become an institutional-grade asset on a global scale. In this respect, they note that the alteration of the consensus method will be the determining factor. Ethereum has exceeded Bitcoin in a number of key adoption indicators that are...

Cryptocurrencies, DeFi, ETH2, Ethereum, Front page

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