It has been a little more than two weeks since the world’s second largest cryptocurrency Ethereum [ETH] went through a landmark alteration. ETH managed to switch from the energy intensive proof-of-work (PoW) consensus model to the eco-friendly proof-of-stake (PoS) model, in what came to be known as the Merge In simple words, this Merge effectively rendered all ETH mining obsolete, and ushered in the era of ETH staking. This worked out out in the interest of the network by… Source link

Solana’s market share of total NFT trading volume rose from 7% to 24% in the last six weeks USD value of NFT trading volume is “still far higher on Ethereum,” per Blockworks Research Solana kicked off October with an hours-long service interruption — the blockchain’s 12th such outage in 2022 — an especially sour note, especially after a month of surging NFT mints and daily volumes rivaling… Source link

Ethereum’s [ETH] performance witnessed a pretty sluggish turn recently as the altcoin failed to register any significant price changes. Since the much awaited ETH Merge, the coin’s performance witnessed a severe decline and, at the time of writing, was over 2% lower than 2 October. Furthermore, a number of developments pointed in the direction of a possible downtrend in the coming days. For instance, Glassnode’s data revealed that the ETH net exchange outflow decreased… Source link

Cadres of crypto developers began trickling into Bogotá, Colombia, on Monday in anticipation of Devcon, the Ethereum Foundation’s marquee global conference, which is set to kick off next week in the South American nation’s capital city.  But according to reports, some of crypto’s leading digital builders may already be second-guessing those travel plans. Twitter buzzed early Monday with rumors of Devcon attendees being robbed and experiencing other safety issues after arriving in… Source link

A worker installs a new row of bitcoin mining machines at the Whinstone US Bitcoin mining facility in Rockdale, Texas, the largest bitcoin-mining facility in North America.  Photo by MARK FELIX / AFP / AFP via Getty Images Bitcoin mining is notoriously energy-intensive, but new research suggests it may contribute as much to climate change as the… Source link

Ethereum is following the general sentiment in the market as Bitcoin and other cryptocurrencies make a run towards previous highs. The second cryptocurrency by market cap knocked some gains over today’s trading session but seems poised for a re-test of its lows before moving to the upside. At the time of writing, Ethereum (ETH) trades at $1,300 with a 2% profit in the last 24 hours and in the last week. Unlike in previous rallies, ETH’s price is lagging… Source link

Monero receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is… Source link

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Some of the biggest companies in the world are expected to report their 2Q earnings in October, including electric automaker Tesla on Oct. 18, tech giants Meta and Microsoft on Oct. 24, Apple and Amazon on Oct. 26 and Google on Oct. 30. Currently, the possibility of an even more severe global economic slowdown is in the cards and lackluster profits could further add to the uncertainty. Given the unprecedented nature of the United State Federal Reserve tightening and mounting macroeconomic… Source link

The parent company of mobile communications giant T-Mobile says it’s launching an Ethereum (ETH) staking validator as part of its support for the world’s second-largest blockchain by market cap. According to a new press release, Deutsche Telekom is supporting Ethereum’s transition from a proof-of-work consensus mechanism into a proof-of-stake one by operating validator nodes through its subsidiary T-Systems MMS. The press release also reveals that T-Systems MMS is teaming up… Source link