Crypto miners who initially flocked to GPU-compatible proof-of-work tokens after the Ethereum (ETH) Merge are fleeing those networks after the value of their tokens fell, according to available data. Ethereum Cash Ethereum Cash (ETC) has seen its hash rate drop to 157.51TH/s after peaking at 303.7 TH/s on the day after the merge — Sept….
One of the most heated debates surrounding Ethereum’s transition to a Proof-of-Stake network focused on the issuance of ETH. The leading narrative behind the Merge was that it was supposed to make ETH a deflationary currency. Since the Merge was completed on September 15, ETH issuance has been drastically reduced. The estimated annual issuance in…
Riptide, a white hat hacker that discovered a vulnerability on Arbitrum, tweeted that his find was eligible for the max bounty reward of $2 million instead of the 400 ETH ($53,000) reward he got. No big deal just bridging a cool $470mm through the same Inbox contract 👀 Definitely should be eligible for a max…
Cardano (ADA) founder Charles Hoskinson has called Ethereum (ETH) the “Hotel California of Crypto” in response to a tweet that claimed that ETH staking withdrawals might be delayed beyond the Shanghai upgrade. The Hotel California song is about a prison where no one escapes from. Ethereum is becoming the Hotel California of Crypto https://t.co/oRUw4kxvfS —…
Less than an hour after Ethereum (ETH) completed the Merge; a user spent 36 ETH — roughly $60,000 — to mint the first NFT on the proof-of-stake (PoS) network. The NFT was minted at a Block height of 15537394 and is tagged “The Transition.” The NFT is part of a panda face collection commemorating Ethereum’s…
Ethereum (ETH) has migrated to a proof-of-stake network after the blockchain reached a terminal total difficulty of 58,750,000,000T at 06:43 UTC. Ethereum co-founder Vitalik Buterin tweeted that the Merge was a “big moment for the Ethereum ecosystem,” praising everyone who helped make it happen. And we finalized! Happy merge all. This is a big moment…
Ravencoin (RVN) has seen its price rise over 13% in the last 24 hours to $0.06359, capping a bullish week for the token. On the seven days metrics, the proof-of-work (PoW) token spiked by almost 70% –surging from less than $0.045 to as high as $0.072– according to CryptoSlate data. Source: TradingView (CryptoSlate) Meanwhile, Ravencoin’s…
The highly anticipated Ethereum (ETH) Merge is set to happen on Sept. 14 by 9 p.m. UTC, according to the Ultrasound Money tracker. The tracker estimated that the highly anticipated merge is 34,000 blocks away. The merge is set to happen at a terminal total difficulty level of 58,750,000,000T, while the latest block difficulty stands…
Ethereum’s (ETH) move to proof-of-stake — which would introduce staking rewards — is expected to drive institutional interest in the token post-Merge, Chainalysis said in its latest report. The blockchain security company also expects ETH to behave like bonds and commodities, which would give institutional investors further confidence in the token. Staking rewards could lure…
Cardano (ADA) founder Charles Hoskinson said Ethereum Classic (ETC) is a “dead project with no purpose or compelling argument to exist outside of spite.” I love how a sustainable development fund turns into a miner tax. ETC still gives me sadness for what could have been. It’s a dead project with no purpose or real compelling…