Ethereum

On-chain data shows the Ethereum funding rates have now declined to the lowest value in 14 months, something that could pave way for a short squeeze in the market. Ethereum Funding Rates Reach Highly Negative Value As pointed out by an analyst in a CryptoQuant post, the ETH funding rates are currently at their least value since July 2021. The “funding rate” is an indicator that measures the periodic fee that traders in the Ethereum futures market are exchanging between each other right… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. The crypto market was having an uneventful week amid these late-summer doldrums—until Friday, when the world’s leading cryptocurrency dropped 4% in the space of 24 hours. The price plummet was triggered by Federal Reserve Chair Jay Powell’s remarks in Jackson Hole that the Fed will keep raising interest rates as long as it takes to combat inflation. The comments sent stocks reeling as well, not just crypto. To kick off… Source link

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The Ethereum merge is poised to be one of the momentous events in cryptocurrency history. Why? The Ethereum blockchain, the protocol that underpins many non-fungible tokens (NFTs), is in hot water for being an energy-guzzling network — and the founders are determined to do something about that. As such, later this year, Ethereum is ditching its former energy-intensive system and adopting a more environmentally friendly method. This is a huge win for atmosphere’s health, and green-focused… Source link

Ads by Money. We may be compensated if you click this ad.Ad Enter Your ZIP Code and Start Consolidating Your Debt The crypto industry is getting excited for a big event known as “the Merge” — which proponents say could boost prices in the long run and significantly change the future of cryptocurrency. The Merge is an upgrade to the Ethereum blockchain, the technology that fuels the second largest cryptocurrency and other… Source link

Holders of Ethereum Classic (ETC) are cautiously watching the mining activity of its blockchain, as the approaching merge of Ethereum (ETH) and its transition to the proof-of-stake consensus mechanism puts more attention on the six-year-old cryptocurrency. The drastic jump in activity may signal a shift in focus for cryptocurrency miners. It could also reduce the risks of a so-called “51% attack” on ETC, which have been levied against the blockchain in the past. The hash rate of the Ethereum… Source link

Ethereum is a few weeks away from officially moving to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The transition officially dubbed the Merge is slated for Sept. 15, but in the run-up to the major upgrade, Ethereum node centralization has become a hot topic. As Cointelegraph reported last week, the majority of 4,653 active Ethereum nodes are being run through centralized web providers like Amazon Web Services (AWS), which experts believe could expose the… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

On 15 September, the ethereum blockchain is planning to switch off its mining rigs. If it happens, it should reduce the carbon emissions of the entire ethereum ecosystem by orders of magnitude overnight, leaving bitcoin as the only major cryptocurrency to be built on the destructive proof-of-work concept. But the switchover could also throw some of the largest institutions in the sector into chaos, and seems likely to evolve into a cold war between the new version of ethereum and the diehard… Source link

Ethereum [ETH] is starting to rank among accolades lately as the Merge release date appears closer. The expected- 15 September launch has gripped the crypto community with huge promised incentives. The upcoming Merge has also led to a spike in the development activity on the Ethereum network in the past few weeks. This is reflected in Ethereum’s top standing among projects with the highest development activity in the past 30 days. At a value of 401, Ethereum is currently… Source link