Ethereum Classic (ETC) fell by 13.33% since Sept. 6 after Cardano‘s (ADA) founder Charles Hoskinson suggested Ethereum miners shift to Ergo while Ethereum’s founder Vitalik Buterin said that ETC’s welcoming community made it a good coin to mine. ETC had been trading as high as $41.52, but it fell by 19.73% within half a day…
On-chain and off-chain metrics indicate that one of the largest events to occur in crypto isn’t generating interest outside of the crypto community. As nearly all crypto users are aware of by now, the Ethereum Merge is set to occur in the middle of September, moving the chain from a Proof-of-Work (PoW) to a Proof-of-Stake…
Aave has voted to suspend Ethereum borrowing ahead of The Merge in a vote that received a 77.87% majority in favor. The governance proposal stated, “A proposal to pause ETH borrowing in the period leading up to the Ethereum Merge… Ahead of the Ethereum Merge, the Aave protocol faces the risk of high utilization in…
Ethereum has gained 15.6% against Bitcoin since the start of September and is up 6% on the day. The ETH-BTC chart has hit 0.84 BTC for the first time since December 2021 after falling to 0.49 BTC in June of this year. Source: TradingView The Bellatrix hard fork went live today, preparing the network for…
The Bellatrix upgrade was activated at epoch 144896 on the Beacon Chain and is now live. The Paris upgrade is next, and once activated, it will complete the Ethereum network’s transition to the proof-of-stake system. Earlier in the day, Ethereum co-founder Vitalik Buterin announced on Twitter that the Merge will be triggered between Sept. 13…
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…
Crypto investment firm Paradigm said it expects the Ethereum POW token would trade at a discount to ETH post-merge, predicting an $18 price for the coin. Paradigm’s price prediction is based on the differences between spot ether and futures prices. With Ether Sept. 30 expiry contracts on major exchanges trading at an $18 discount as…
OpenSea, the world’s largest non-fungible tokens (NFTs) marketplace, announced it will commit to exclusively support NFTs based on the proof-of-stake version of the Ethereum blockchain once the Merge is complete. 3/ While we won’t speculate on potential forks–to the extent forked NFTs on ETHPoW exist–they won’t be supported or reflected on OpenSea. — OpenSea (@opensea)…
Ethermine, the largest Ethereum mining pool in the world, has announced the launch of a staking service on its platform. In an announcement published earlier today, the company said that Ethermine Staking will enable users to earn interest on their ETH as if they were staking it, without having to put down the 32 ETH…
Hetzner Online, a data center based in Germany, said that using its hosting services for any application related to cryptocurrency mining is not permitted. The company disclosed its stance in a Reddit thread, saying that its ban on mining-related uses includes both Proof-of-Stake (PoS) and Proof-of-Work (PoW) applications. The company’s stance on PoS applications could…