The Merge turned out to be a non-event for the market, with ether’s realized volatility dwindling in four weeks after the event. The impending Shanghai upgrade, however, might inject volatility into the market, one liquidity provider said.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Merge Aftermath: Ethereum Fees, Supply, And The Network At Large
The Ethereum Merge was one of the most anticipated upgrades in the history of crypto. Once the upgrade was successfully completed, Ethereum moved from being a proof of work (PoW) blockchain since inception to being a proof of stake (PoS) blockchain. Naturally, this move had some implications for the network and its users.
A Better Ethereum
There is no doubt that the move to proof of stake made Ethereum a better blockchain than before. The first thing noticeable about the blockchain following the Merge was how little energy was now required to run the blockchain.
Why Bitcoin Social Mention Is Increasing While Ethereum’s Drops Following Merge
Bitcoin, even after losing almost 72% of its November 10, 2021 all-time high value of $ 69,044, still holds a commanding lead over its closest rival, Ethereum.
The crypto alpha showing the way in terms of trading price and total market capitalization has always been the norm, as the altcoin king remains several steps away.
At press time, data from Coingecko shows Bitcoin trading at $ 19,495 and Ethereum changing hands at $ 1,330. Both assets are experiencing decline for the last 24 hours, with BTC falling behind by 2% and ETH by 1.5%.
Ethereum Merge Puts Spotlight On Potential Centralization Issues
The Ethereum Merge has been successfully completed and the network has been operating on a proof of stake mechanism for about a week now. The success of the upgrade has been lauded by many in the community who have praised the resourcefulness and the innovation of the Ethereum developers. However, it seems the more time Ethereum spends as a proof of stake network, the more issues arise surrounding the decentralization of the network.
Is Ethereum Overly Centralized?
🔴 Ethereum Merge Rocks Crypto | This Week in Crypto – Sep 19, 2022
The post 🔴 Ethereum Merge Rocks Crypto | This Week in Crypto – Sep 19, 2022 appeared first on 99 Bitcoins.
The Ethereum merge: successful, Coinbase shines a light on which politicians are crypto-friendly and Dogecoin …
🔴 Ethereum Merge Rocks Crypto | This Week in Crypto – Sep 19, 2022 Read More »
Dogecoin Grabs Spot As 2nd Biggest PoW Crypto Following Ethereum Merge
Dogecoin is making some noise now.
When the Ethereum Merge finally concluded on September 15th, investors didn’t see the massive market shift they were anticipating.
However, one significant outcome of this event was that meme-inspired cryptocurrency Dogecoin has now become the second-largest Proof-of-Work (PoW) consensus-based network, trailing only the Bitcoin network in terms of market value.
According to ETHPoW’s official Twitter account, Dogecoin is likely to compete with ETHPoW, which is the Ethereum PoW hard fork chain that is expected to keep mining.
Spoils Of The Merge: Bitcoin Proof Of Work Dominance Rises To 94%
With the Ethereum Merge successfully completed, bitcoin has seen its biggest proof of work competitor network eliminated. While the pioneer digital asset had maintained the largest share of the proof of work networks prior to the Ethereum Merge, it is now in almost complete control of all the market cap of these coins. So while the crypto market celebrates Ethereum’s latest upgrade, it gives the bitcoin community something to celebrate too.
Bitcoin Now At 94% Dominance
Greenpeace Intensifies Campaign Against Bitcoin Following Ethereum’s Merge
In addition to a $ 1 million ad budget, climate groups want to influence institutions such as Fidelity and BlackRock to push Bitcoin to switch from PoW to PoS.
- Greenpeace and the Environmental Working Group have launched a $ 1 million smear campaign against Bitcoin following Ethereum’s Merge to PoS.
- The campaign has a petition urging Fidelity, BlackRock and others to move Bitcoin away from PoW.
- Opponents of Bitcoin need to understand how it actually works.
Greenpeace and the Environmental Working Group have intensified their attack against Bitcoin’s proof-of-work (PoW) with a $ 1 million ad campaign, per a press release.
Ethereum Miners Increasingly Choose Classic As Merge Approaches
The Ethereum Merge is scheduled to go live in less than a day, which would move the network completely from a proof of work mechanism to a proof of stake mechanism. This essentially puts Ethereum miners out of business, meaning they have to find somewhere else to move their mining machines to. Like always, Ethereum Classic has been there to pick up the slack as miners move their equipment over to the forked network.
Ethereum Classic Mops It Up
Where to Exchange ETH and Its Possible Forks After the Merge?
One of the biggest events in the crypto world is coming. Ethereum is finally set to undergo the Merge following six years of hard work. The soft deadline is on September 15th, but it may shift due to the technical complexity of the process. The event is significant indeed, as it will upgrade the blockchain to a completely new level, bringing more scalability and security.
Naturally, some users are worried about their ETH holdings, but they have no reason for that actually. The funds will be safe during, before, and after the transition, and users’ will still see ETH tickers in their wallets. Another question is where to exchange ether and its possible forks after The Merge. Read further to find it out.
First Mover Americas: Countdown’s On for Ethereum Merge, but Price is Slipping Versus Bitcoin
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 12, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
CoinDesk
Coingecko Co-Founder Shares Thought On Forked Tokens Ahead Of ETH Merge
The upcoming ETH Merge remains a highly anticipated and hyped event in the crypto space. Also, it has created different reactions and beliefs among institutional participants. The Merge is a transition to a Proof-of-Stake consensus mechanism from Proof-of-Work. Also, the scheduled launch date is on September 15, 2022.
However, as the date for the Merge draws closer, more sentiments are building on its possible hard forks. A group of miners has been threatening to hard fork the Ethereum mainnet after merging it with the Beason Chain.
Marketplace To Refuse Forked NFTs After ETH Merge, Claims OpenSea
OpenSea is a renowned marketplace similar to Esty, Amazon, and eBay. However, the only difference here is the items available for purchase. All items on the market are special digital collectibles that come as NFTs (nonfungible tokens). Market users can buy, sell, or mint these tokens.
OpenSea users carry out their transactions through self-executed smart contracts provided on the platform. This method of operation is quite significant for fair and successful trades.
The platform offers multiple trading options to users on the marketplace, such as atomic and peer-to-peer transactions.
OpenSea NFT Services Post Merge
Ethereum Network Attracts Over 70,000 New Addresses In Merge Anticipation
The upcoming Ethereum merge is being considered a big crypto project event. The community sees this as a significant factor in rallying the ETH price in the future. Therefore, as the date of merge, September 15, is approaching, the Ethereum network is attracting a significant increase in activity.
According to data from Ethereum-focused blockchain research firm, Etherscan, the network has 204,571,827 total wallet addresses as of September 2. Similarly, the research firm viewed the number of total addresses at 202,361,298 on August 2. It shows an increase of 2,210,529, meaning that the network added over 70,000 unique wallet addresses daily in the last 30 days.
Ethereum Classic Continues To Feed Off “Merge” Hype As Hashrate Reaches ATH
Ethereum Classic (ETC) is arguably one of the tokens that have benefitted the most in the recent rally. Given its close proximity to Ethereum, the bullish sentiment drummed off by the “Merge” had triggered a significant rally in the price of the digital asset. This has also drawn more attention to the cryptocurrency in terms of investment and mining activity, causing its hashrate to rise to the highest point it has ever been.
Ethereum Classic Hashrate At New ATH
JPMorgan: Ethereum Merge Will Greatly Benefit Coinbase
The Ethereum Merge is anticipated by the cryptocurrency industry, but many stakeholders want to get the most out of it. The much-anticipated update, according to Wall Street firm JP Morgan, might potentially be quite advantageous for cryptocurrency exchanges. On the other hand, retail traders might be hoping to profit from a potential increase in the price of ETH as soon as it occurs.
JPMorgan Expects Coinbase To Benefit From Ethereum Merge
According to JPMorgan analyst Kenneth Worthington, Coinbase will “meaningfully benefit” from the much-anticipated August 15 Ethereum blockchain Merge upgrade.
Ether Breaks $1.6K on Merge Hype; Crypto Funds Price In July Rate Hike
The market has been decisively pricing out the probability of a 100bps hike in the July FOMC, trading fund QCP Capital said.
CoinDesk
First Mover Americas: ETH Climbs 4% and Traders are Optimistic Over Upcoming Merge
The latest price moves in bitcoin ($ BTC) and crypto markets in context, for July 7, 2022.
CoinDesk
Crypto Firms Merge to Build Software for Institutional Investors
In a bid to provide services for institutional investors, investor tools provider Picks & Shovels is merging with crypto accounting startup CoinVantage.
CoinDesk