Ethereum

Ethereum was back above $1,600 on Friday, as markets reacted to the latest nonfarm payrolls (NFP) report. Figures released today showed that 315,000 jobs were added to the U.S. economy, better than the 300,000 expected. Bitcoin was marginally higher, as the token continued to trade above $20,000. Bitcoin Bitcoin (BTC) was trading above $20,000 on Friday, as markets reacted to the latest monthly jobs report. Last month’s payrolls came in at 315,000, which is higher than the consensus… Source link

The Ethereum blockchain that underlies the second-largest cryptocurrency by market capitalization is about to go through a historic software upgrade that will change it forever. The upgrade, known as “the Merge,” has been in the works for more than two years after being delayed multiple times. It will reduce the network’s power consumption by more than 99% by making the entire blockchain more energy-efficient. The upgrade is planned to be completed on Sept. 15. Blockchain… Source link

Top cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), have posted severe losses over the past week. Bitcoin, the leading cryptocurrency with a market capitalization of roughly $382 billion, has plummeted 7.9% over the past week. It trades at around $19,990, down 1.6% over the past 24 hours, per data from CoinMarketCap. Bitcoin held range-bound this week, trading between a weekly high of $21,804.91 and a low of $19,600.79. The week’s bearish price action puts Bitcoin down… Source link

The Golden State of California may be America’s most inquisitive state about Bitcoin (BTC) and Ethereum (ETH), new data from CoinGecko has revealed.  In a report shared by CoinGecko, internet users from California accounted for a whopping 43% of all Bitcoin and Ethereum web traffic searches on the crypto tracking website. This is despite the entire state population only accounting for 11.9% of the U.S. population. Bobby Ong, COO and co-founder of CoinGecko said it was “unsurprising” that… Source link

Ethereum’s native token, Ether (ETH), looks ready to grow stronger compared to the U.S. dollar and Bitcoin (BTC) in the days leading up to its proof-of-stake transition in September. ETH price chart bullish setup The bullish outlook emerges from classic technical indicators on ETH/USD and ETH/BTC charts. For instance, ETH/USD has been forming a “falling wedge” pattern with a profit target sitting around 30% above the current prices.  Meanwhile, the ETH/BTC chart is painting a potential “bull… Source link

Ethereum was hovering close to $1,600 during Wednesday’s session, as market volatility eased today. Following a turbulent week of trading, crypto markets mostly consolidated on hump-day, with the global market capitalization down 0.23% as of writing. Bitcoin’s price was mostly unchanged, as it remained above $20,000. Bitcoin Cryptocurrency markets consolidated on Wednesday, with bitcoin (BTC) largely unchanged from yesterday’s session. Following a high of $20,542.64 on Tuesday,… Source link

“So, of course, now we can come up with an engineering solution that would say, ‘well, stake at home,’” Köppelman explained. “But next, internet service providers could block traffic that’s related to [staking]. Again, you could come up with an engineering solution, but each time you lose a percentage of users. In the end, it becomes this kind of mammoth thing where three guys have a super engineered solution, but still, regulators and broader social consensus could try to force… Source link

The Ethereum Merge is slated for Sept. 15, which will see the Ethereum blockchain move from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge is being touted as one of the biggest upgrades for the Ethereum blockchain as it would help the network move to a more energy-efficient way of verifying transactions and eliminate PoW mining completely. With the Merge date approaching, Ether (ETH) miner’s balance has touched a new four-year high. According to Oklink… Source link

According to the latest CryptoCompare report, Ethereum continues in its bull run, outperforming the market in both July and August. Ethereum-based products benefit from the rise Ethereum-based products led the rebound in July and continued to outperform in August. AUM (Assets under Management) for Bitcoin-based products fell 7.16% to $17.4 billion, while Ethereum-based products posted gains of 2.36 percent to $6.81 billion.  In fact, even at a more granular level, no Bitcoin products… Source link

Tl;dr: The following post recaps this episode of Coinbase’s Around The Block podcast in which Viktor Bunin hosts Coinbase CEO Brian Armstrong and Ethereum co-founder Vitalik Buterin discuss decentralization, privacy, and a credibly neutral Ethereum. By Viktor Bunin, Senior Protocol Specialist at Coinbase Cloud After 7 years of research and development, the Merge is just around the corner. A crowning achievement, the Merge will finally transition Ethereum from Proof-of-work (PoW) to… Source link