BitMEX co-founder Arthur Hayes says that the market still hasn’t priced in the significance of Ethereum’s (ETH) successful transition to a proof-of-stake consensus model. In an interview with Raoul Pal of Real Vision, Hayes says that the Ethereum network is now capable of supporting a new ecosystem filled with new businesses and protocols, something that hasn’t been priced in for ETH just yet. “Obviously, the price of ETH isn’t reflecting this right now because we have… Source link

Editah Patrick Editah is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates her, she finds the intersection of both technology and finance mind-blowing. Her particular interest in digital wallets and blockchain aids her audience. Source link

The Merge upgrade for Ethereum (ETH), which primarily sought to transition the blockchain into a proof-of-stake (PoS) consensus mechanism, has been revealed to have a positive impact on the creation of new Ethereum blocks. The Merge was considered one of the most significant upgrades for Ethereum. As a result of the hype, numerous misconceptions around cheaper gas fees and faster transactions plagued the crypto ecosystem, which was debunked by Cointelegraph. However, some of the evident… Source link

Some say forms of cryptocurrencies have existed even before this millennium, all the way back to the 1980s. However, most people didn’t know much about crypto until 2008, and it was explicitly under the spotlight during the worldwide Covid-19 pandemic in 2020. Since 2020, the worth of crypto has grown exponentially. When questioning what makes cryptocurrencies so appealing, many different types of answers are given. Some people like that it’s a decentralised… Source link

Bitcoin (BTC) failed to hold $20,000 into the September monthly close as one trader eyed a final comeback before fresh downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader’s $20,500 upside target remains Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying lower after finishing the month at around $19,400. Capping 3% losses, the monthly chart failed to rally on Oct. 1, with BTC/USD down another 0.7% in “Uptober” so far, according to data from… Source link

Bitcoin [BTC] long-term holders may have started to lose their conviction for the cryptocurrency owing to the constant price decline. Additionally, these holders may have taken to selling BTC at a loss. Glassnode, in its latest report, found that the 90-day Coin Days Destroyed (CDD-90) metric was at an all-time low. This meant that older BTC had been dormant as HODLers continued to hold in the face of declining market conditions. Source: Glassnode3 HODL no more According to… Source link

The Ethereum Merge was considered the most anticipated event before 15 September. However, there is no use denying the fact that the Merge failed to positively impact the price Ether [ETH]. According to data from cryptocurrency social analytics platform LunarCrush, the hype that surrounded the Merge before its implementation caused ETH’s social activity to rally. In addition, for several months before the Merge, the term “Merge” trended as the most mentioned term,… Source link

Robert Breedlove, the founder of crypto investment firm Parallax Digital has suggested that Bitcoin (BTC) stands a big chance of recording a significant spike in future mainly driven by a drop in the purchasing power of the dollar.  According to Breedlove, his model places Bitcoin to trade at $12.5 million by 2031, a value equivalent to $1 million based on today’s purchasing power, he said during an appearance on Altcoin Daily podcast on September 13.  “I’m going to stand by… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. On Tuesday, crypto fleetingly regained a trillion dollar market cap. The modest gains were wiped out the following day by a brief crash, and coming into the weekend, Bitcoin (BTC) and Ethereum (ETH) are both basically flat over the past seven days.  That’s better than some of the other notable names fared in the past week. XRP is down 5% in the past week, even after an incremental victory in Ripple’s case against the SEC… Source link

Traders who use the Ethereum network are familiar with the ERC-20 technical standard and have most likely traded and invested in tokens that utilize it. After all, its practicality, transparency and flexibility have made it the industry norm for Ethereum-based projects. As such, many decentralized applications (DApps), crypto wallets and exchanges natively support ERC-20 tokens. However, there’s one problem: Ether (ETH) and ERC-20 do not exactly follow the same rules, as Ether was created… Source link