Text size Crypto faces headwinds even after a recent rally. Dusan Zidar/Dreamstime Source link

Ethereum, the blockchain that underpins the world’s second-largest crypto token ether, will soon undergo a major software upgrade that promises to slash the amount of energy needed to create new coins and carry out transactions. Here’s what you need to know about the “Merge,” as the shift is known: ‘Proof of stake’ The Ethereum blockchain is due to merge with a separate blockchain, radically changing the way it processes transactions and how new ether tokens are created. The new system,… Source link

Text size Ethereum’s “Merge” is a hotly anticipated and long-awaited upgrade. Dreamstime Crypto markets… Source link

The general crypto market has seen some positive price rally in 24 hours. Many of the coins are trading in greens, including Ethereum with its 7.86% gains and Bitcoin with a 2.89% surge.  Other altcoins such as PancakeSwap CAKE, SHIB, Ethereum Classic ETC, and Tether USDT are also in the greens. For instance, CAKE gained 3.6%, SHIB soared by 1.56%, while ETC recorded a good 8.38 price growth.  Related Reading: Central Bank Chairs Push Bitcoin Price To The… Source link

Text size Crypto faces headwinds even after a recent rally. Dusan Zidar/Dreamstime Source link

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Cryptocurrencies’ growth and mass adoption would not be possible if it weren’t for the large community of cryptocurrency users. These users continue to increase the value of cryptocurrencies; trading tokens, utilizing their platforms and advocating for the removal of restrictions placed on them. Here are three cryptocurrencies focused on their community of users:  Big Eyes Coin (BIG) Big Eyes Coin (BIG) is the most recent cryptocurrency project that will be big on the community. The… Source link

Bitcoin’s price recovered above $20,000, painting an increase of over 7% in the past 24 hours. The rest of the market is also in the green. This has put a dent in the short positions, leaving over $160 million liquidated. Bitcoin’s price touched $20,800 today and increased by a considerable 7% in the past 24 hours. The rest of the cryptocurrency market has also followed suit, but it appears that BTC is the predominant leader at the time of this writing. Source: Binance… Source link

Key cryptocurrencies exhibited a positive trend on September 9, Friday midday as the global cryptocurrency market cap rose 4.5 per cent to $1068.33 billion in the last 24 hours. The total crypto market volume is 83.49 billion over the last 24 hours. The price of Bitcoin gets to Rs 1,621,149 while Ethereum is currently at Rs 135,110. The… Source link

Ethereum had entered a period of reversal after hitting $2,000 following the announcement of the date for the Merge. Since then, the digital asset had trended around $1,400 to $1,500 for a while. However, in the last day, Ethereum has seen significant momentum and demand, which has sent the price of the digital asset soaring. It finally broke above $1,600, leaving a trail of blood for traders who had bet against the cryptocurrency. Ethereum Traders Lose Millions