Ethereum

Gary Gensler chairman of the US SEC. The SEC says that since the majority of Ethereum transactions are validated in the US, it should be regulated in the US. Photo: Reuters/Evelyn Hockstein Ethereum has plummeted by over 20% despite last week’s successful transition to proof of stake as the shadow of a major US regulator body falls over its rising ambitions. The world’s second-largest blockchain was declared as coming under the jurisdiction of US government and Security Exchange Commission,… Source link

Ethereum underwent a huge network upgrade called the merge which proponents say will make transactions much more energy efficient. Following the merge, ether prices have dropped following a huge run up ahead of the event. Jakub Porzycki | Nurphoto | Getty Images Ether has fallen more than bitcoin since the cryptocurrency’s underlying technology, the Ethereum network, underwent a huge upgrade called the merge. Ethereum is a blockchain technology that effectively allows developers to build apps… Source link

While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.”  Buterin shared his thoughts in a Saturday post, providing three “visions” of what layer 3s will be used for in the future. The Ethereum co-founder said a third layer on the blockchain makes sense only if it provides a different function to layer 2s, which have been… Source link

Shift to Proof of Stake Roils ETH Market But Perhaps Only for the Short Term Ever since The Merge took place on Sept. 15 investors have looked on in dismay as Ether lost a fifth of its value over the next four days.  What was going on? Many traders expected some profittaking and sell-the-news market action, but the historic upgrade was supposed to usher in a vibrant new era for Ethereum, not a spasm of bearish selling. Now, one of the causes for the selloff may be emerging — Ethereum miners… Source link

Many miners paid upfront for these specially designed computer chips, and thus have an economic incentive to keep them plugged in so long as they’re profitable. That said, it’s unlikely the recent price appreciation in ETC, RVN and ETHW, coextensive with their networks’ increased hash power, is stable in the long term without meaningful user activity and development of those chains. Source link

Key Takeaways Ethereum has successfully shipped the Merge after years of anticipation, but ETH is down. The number two crypto has lost 25% of its market value over the past week. Though the Merge brought several notable upgrades, it will likely take time for the market to digest the event. The weak macro environment has been a major factor weighing down ETH and other crypto assets this year. Share this article Ethereum made history when it completed “the Merge” from… Source link

Bitcoin (BTC) and Ethereum’s native token, Ether (ETH), started the week on a depressive note as investors braced themselves for a flurry of rate hike decisions from central banks, including the U.S. Federal Reserve and Bank of England. Bitcoin price fails to hold $20,000 On Sep. 19, BTC’s price has failed to regain the $20,000 psychological support zone. The BTC/USD pair slipped by 6.5% to around $18,250, while ETH dropped 4% to approximately $1,280. Their gloomy performance came as a part of… Source link

Bitcoin (BTC) continued its bearish price action over the weekend, with the leading cryptocurrency dropping to a new 3-month low of $18,390, according to data from CoinMarketCap. Bitcoin now changes hands at around $18,440, down 8% over the past 24 hours, despite a 64% jump in daily trading volume. BTC has lost over 17% of its value over the past week, and is down over 73% from its all-time high of $68,789.63 in November 2021. The market capitalization of Bitcoin has more than halved,… Source link

By Asmita Pant  Sep 19, 2022, 08:05 AM IST (Published) Mini The world’s largest and most popular virtual currency, Bitcoin, fell 5.4 percent to $18,934.8. Its market value stood at $373 billion. The trade volume was at $31.6 billion. Major cryptocurrencies extended losses on Monday, September 19. Bitcoin slid below $19,000 and Ethereum below $1,400 amid largely negative trends in global markets. The global crypto market cap stood at $933.26 billion, with a volume of $65.56 billion in the past… Source link

Popular crypto analyst Benjamin Cowen says that he expects Ethereum (ETH) to witness significant levels of pain as Bitcoin (BTC) and the equities market hint at downward moves. In a new strategy session, the technical analyst tells his 768,000 YouTube subscribers that the NASDAQ, S&P 500, Bitcoin and Ethereum all look ready to at least test recent lows. With Ethereum being significantly more volatile than Bitcoin and the stock market, Cowen points out that ETH’s critical… Source link