The assumption that Ethereum will just transition to a fully functional proof-of-stake (PoS) network after the Merge somewhat ignores the risk and effort necessary to move an asset that has a $193 billion market capitalization and 400 decentralized applications (DApps). That is precisely why monitoring vital network conditions is essential for anyone willing to trade the event which is scheduled for Sept. 14, according to ethernodes.org. More importantly, traders should be prepared to detect… Source link

Per an official post, crypto exchange Binance will take extra precautions during Ethereum’s “Merge”. The platform announced a halt in ETH deposits and withdrawals across multiple networks starting tomorrow September 6th, 2022, at 2:00 UTC. Users will be unable to deposit or take out their Ethereum (ETH) from the exchange, as mentioned, and they will lose any funds from incoming transactions. The limitation will extend from tomorrow until the mainnet… Source link

Ethereum Classic (ETC) price rallied on Sept. 5 on back-to-back positive reports concerning its adoption among crypto miners. Top mining pool supports Ethereum Classic On the daily chart, ETC’s price surged 14.5% to nearly $37.25 per token. Its massive gains came days after BTC.com, a blockchain explorer and crypto mining pool, launched a specialized Ethereum Classic pool with “zero-fee” mining for three months. ETC/USD daily price chart. Source: TradingView The announcement appeared after “the… Source link

Ethereum has been hitting different milestones in the last year. However, with the announcement of a set date for the move to proof of stake, aka the ‘Merge,’ there has been a flurry of activity on the network, pushing it towards even more impressive records. This time around, the milestone has come in the form of the total number of unique active addresses on the network.  Nearing 205 Million The rate at which new unique and distinct Ethereum addresses are… Source link

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Every crypto investor has probably heard by now that the Merge will be the single most important event in crypto history. It will transform Ethereum (ETH 1.10%) from a proof-of-work blockchain into a proof-of-stake blockchain, ushering in a new era of ultrascalability, lower transaction fees, incredible energy efficiency, and higher throughput capacity. This, in turn, will bolster the number of use cases for Ethereum and guarantee its place as the most important blockchain in… Source link

Ethereum Classic (ETC),  a hard fork of Ethereum executed following the 2016 DAO hack, hit an all-time high record hash rate of 48.82 terra hashes per second (TH/s) yesterday, per data from 2miners. ETC, the native token of the Ethereum Classic network, has since jumped nearly 12% over the past 24 hours and trades at around $35.6, according to data from CoinMarketCap. The coin has surged over 60% in the past 90 days from $21.40 to $35.6 today. Hashrate is the total computational power used… Source link

The “falling wedge” pattern begins wide at the top and contracts as prices move lower, causing the two descending trend lines to converge as the pattern matures. The converging nature of trend lines represents shallower lows, a sign of decreasing selling pressure. Therefore, a breakout is taken to mean a bullish revival. Source link

The success of meme coins in the cryptocurrency market has led to the launch of many fun tokens. Dogeliens (DOGET) is the latest to join the class. It showcases next-generation features lacking meme tokens in achieving interoperability or giving earning options. Thus, DOGET ensures a break from the past and sets a new trend in the coin market. Dogeliens brings several innovative features to further DOGET adoption and make users loyal. These are new to the meme coin market and can… Source link

Nearly 100,000 Ether was staked in a single day ahead of the Merge, the highly anticipated transition to proof-of-stake.  The Ethereum blockchain hit a new milestone, surpassing 1.7 billion transactions.  Ethereum eyes a bullish target of $3,300, analysts predict a rally in the altcoin.  Ethereum Merge is scheduled for September 13, as the event draws close the altcoin has hit a new milestone. Analysts are bullish on Ethereum and predict a rally in the altcoin,… Source link