Ethereum won the spotlight with the Merge, which cut the crypto’s energy use and carbon footprint more than expected by 99.99%. The second-largest cryptocurrency – Ethereum – recently eliminated its energy consumption overnight by shifting to a new “proof of stake” blockchain system called the Merge. Designed to drastically cut down the network’s overall energy use, the upgrade has indeed done just that. Initial estimates of energy consumption reduction is about 99.95%. But the… Source link

Bitcoin’s global electricity usage Using network hash rate data from January 2016 through December 2021 and data on mining equipment power consumption and efficiency5,30, Fig. 1 presents global electricity usage of mining BTC and prices per coin. On the basis of these estimates, in 2020 BTC mining used 75.4 TWh yr−1 of electricity, which is more energy than used by Austria (69.9 TWh yr−1 in 2020) or Portugal (48.4 TWh yr−1 in 2020)31. There is a general upward time trend in BTC… Source link

by Market Trends September 29, 2022 Bitgert (BRISE) has definitely made a mark in the crypto industry this year. The crypto coin has dominated the market in terms of price performance, where the coin has posted one of the best price growth this year. Although this September has seen the Bitgert coin remain stable, BRISE has done better than Litecoin and Bitcoin this year. According to the CoinMarketCap data, Bitgert price has increased by 95% in the last 9 months of 2022. During this… Source link

Labrys said it has been internally tracking protocol censorship since the merge and was troubled by what it has found Practically this is not problematic if censorship free blocks are simply delayed for a brief period of time, according to Ethereum co-founder Vitalik Buterin Following Ethereum network’s transition to Proof-of-Stake (PoS) earlier this month, a new addition to the ecosystem is already sparking… Source link

The bitcoin-British pound (BTC/GBP) pair listed on major cryptocurrency exchanges, including Bitstamp and Bitfinex, is more active than ever. Analysts, however, are divided on whether the surge stems from investors switching to the largest cryptocurrency to protect against the sterling slide or from traders looking to profit from the volatility. Source link

The bear market is separating the wheat from the chaff. Uniglo (GLO), an Ethereum-based social currency providing a long-term store of value, has rallied 45%, leaving crypto giants Litecoin (LTC) and Avalanche (AVAX) in the dust. The prevailing market conditions have amplified Uniglo’s value proposition, and investors looking to diversify and protect against further market downturn are partaking in this new ICO (Initial Coin Offering). Uniglo (GLO) Uniglo’s… Source link

Chiliz (CHZ) and Litecoin (LTC) have no way of exiting the pressure currently dominating the financial markets. Anticipation for the Federal Reserve’s rate decision triggered a 200-point dent in the Dow Jones and sent the majority of crypto altcoins on retreat. Investors scouting for a new base have found safety in The Hideaways (HDWY). Set to become one of the most successful crypto launches this year, HDWY is expected to end the year with a 6,000%… Source link

Bitcoin (BTC) traders lay in wait for fresh volatility on Sept. 29 as BTC/USD cooled near $19,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Volatility absent a day before the monthly close Data from Cointelegraph Markets Pro and TradingView charted a calm overnight phase for the largest cryptocurrency, which hit intraday highs above $19,600 the day prior. Those 6% gains were a welcome relief after heavy losses earlier in the week, but it no clear direction, market… Source link

Litecoin price had been staggering too, just like other major altcoins in the market. Over the last 24 hours, however, LTC moved up on its chart by 2.4%. The bulls have yet to steady themselves on the one-day chart. Over the last week, LTC gained almost 3%. This indicated that the coin has not made any such considerable movement on its chart. The bears were in charge of the altcoin, as indicated by the technical indicators. There is a significant immediate… Source link

Three weeks ago, before the U.S. central bank raised interest rates a hawkish 75 basis points, before bond yields rose to 15-year highs and the British pound tanked, before the Dow Jones Industrial Average sank into bear market territory, Russia escalated its unprovoked invasion of Ukraine and the prospects of a severe global recession increased exponentially, the largest cryptocurrency by market capitalization was trading above $19,000. Source link