Ethereum

Ethereum, the blockchain network behind the world’s second-largest crypto token ether, just completed a major software upgrade that could revolutionize the cryptocurrency universe, some experts say.  The upgrade, called “the Merge” by crypto enthusiasts, promises to lower Ethereum’s energy consumption and attract more users.  Climate activists have long criticized digital assets because producing them uses enormous amounts of electricity and generates large CO2 emissions. The… Source link

Bloomberg’s closely followed senior commodities strategist, Mike McGlone, is expressing bullish sentiment on crypto assets once inflation is wiped out. McGlone says in an interview that he expects Bitcoin (BTC), Ethereum (ETH) and other crypto assets to “come out ahead” once deflation sets in as a result of the Federal Reserve hiking interest rates to contain inflation. “[The Fed hiking rates is] going to lead to a really good, more productive markets where stock markets… Source link

The price of ether fell Thursday after the Ethereum network completed its migration to the proof-of-stake consensus mechanism, also known as the “merge.” Ether was last down about 5% to $1,511.99, after falling as low as $1,459.00 earlier, according to Coin Metrics. Traders had expected to see a decline in the price following the transition late Wednesday night. related investing news Young investors should trust the markets, not try to time it, this long-time money manager says “It is important… Source link

Bitcoin (BTC) spent a second day threatening $20,000 support on Sept. 15 as markets processed the Ethereum (ET Merge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC stuck between price magnets’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking below $20,000 again overnight to recover marginally above the boundary for a brief period. The largest cryptocurrency broadly failed to regain lost ground after surprise United States inflation data on Sep. 13… Source link

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File photo of Ethereum co-founder Vitalik Buterin speaking at ETHDenver on February 18, 2022 in Denver, Colorado.Photo: Michael Ciaglo (Getty Images) The Ethereum network, which powers the second largest cryptocurrency in the world, completed a long-planned upgrade known as “The Merge” early Thursday, moving from a proof-of-work system to a proof of stake system. And nothing catastrophic has happened yet, despite plenty of dark predictions by an army of short-sellers. 02:49 Guess How Much… Source link

Enthusiasts hope a greener ethereum will spark wider acceptance INA FASSBENDER … Source link

Ethereum’s biggest-ever upgrade just took effect, in what industry experts are calling a game changer for the entire crypto sector. Thus far, all signs suggest the so-called merge — which is designed to cut the cryptocurrency’s energy consumption by more than 99% — was a success. The very first proof-of-stake block of transactions has finalized with a nearly 100% client participation rate. This was, by far, the best-case scenario. The overhaul to the ethereum network fundamentally alters… Source link

Edgington, who began his career researching climate science before eventually landing in crypto, understood where his daughter was coming from. “Rightly or wrongly, she’d absorbed a very toxic environmental narrative,” he said. “I mean, it’s kind of hard to defend ‘stickers for grownups’ that emit, by some estimates, a megaton of [carbon dioxide] a week.” Source link

Something called “the Merge” is happening this week, and it might be the most important thing to happen to the idea of decentralized currencies since the advent of Bitcoin. If all goes as smoothly as planned, the long-delayed Merge will commence at 1 a.m. Thursday morning and take just 12 minutes to complete. Advertisement Advertisement Advertisement Advertisement With the “Merge,” the Ethereum blockchain network is… Source link