With less than two days left until Ethereum transitions to a Proof-of-Stake system, all eyes are pointed at the Merge but many are still worried whether it will change the crypto market for the better. According to the latest report from analytics company Nansen, the problems a PoS Ethereum will face aren’t dismissible. However, the…
Gas fees refer to the cost of conducting a transaction or executing a contract. For example, this could take the form of exchanging into a stablecoin or minting an NFT. Since the summer of 2020, Ethereum gas fees took off primarily due to the explosion of DeFi use on the chain. Although network activity has…
Pumping Parrots NFT collection is in the news due to its marketing strategy, which many have described as a pyramid scheme. Unlike most NFT collections that market their utilities, Pumping Parrots markets itself as a pump-and-dump opportunity for collectors to make money before the merge. “The rules are simple: Flip your NFT at 2X. If…
Google Cloud developer Sam Padilla announced Friday that an Ethereum Merge countdown clock is live in the Google Search engine. Searches for “Ethereum Merge” now return a native countdown clock along with the current hashrate, difficulty, and merge difficulty. Hey @VitalikButerin @drakefjustin & other @ethereum folks, go google “the merge” for a fun little surprise…
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…
Warning: There is a risk of relay attacks on individual users’ wallets if the ETHPoW ChainID is not updated as planned. Such attacks will cause users to lose $ETH equivalent to the ETHPoW sold. Recent concerns over The Merge were exacerbated after discovering that the Ethereum proof-of-work chain had not updated its ChainID to a…
A member of the Coinbase team had to comment on the ETHPoW GitHub repository to get the team to clarify how the forked chain will be set up. Currently, the repository has not updated the ChainID of the network to one that differs from Ethereum Mainnet. We’ve reached the point in the ETHPoW saga where…
CryptoSlate spoke with Tony Dhanjal, Head of Tax at Koinly, a crypto-focused tax software company. Koinly allows users to create tax reports by linking wallets and exchange accounts and then using on-chain data to calculate any tax liabilities. Creating tax reports for crypto can be almost impossible for the average user and can lead to…
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…
On Laura Shin’s Unchained Podcast, the journalist and BitMex founder Arthur Hayes explained why he changed his view on Ethereum and believes an ETHPoW fork will fail. Hayes explained that utility is the main difference between Ethereum and Bitcoin. “Ethereum is not money…Ethereum has use… Bitcoin has no use, it’s just money.” Hayes explained how…