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Bitcoin risks worst weekly close since 2020 as BTC price dices with $19K
There’s little to smile about for Bitcoin bulls as the weekly candle nears completion at nearly the same place as two years ago.
Bitcoin (BTC) headed for its lowest weekly close since 2020 on Sept. 25 as a week of macro turmoil took…
Ethereum Classic Hashrate Slides 46% Since The Merge, PoW ETH Forks Gather Double-Digit Gains
The day of The Merge, Ethereum Classic’s hashrate soared to new highs tapping 306 terahash per second (TH/s) ten days ago on September 15. Since then, however, Ethereum Classic’s computational power has dropped 46.16% lower from the high to…
Post-Merge ETH has become obsolete
Staked ETH is more capital efficient and more profitable than regular ETH, and platforms that offer liquid staking derivatives are bolstering its popularity.
For years, various blockchain projects were rumored to be future “Ethereum…
Tether Reveals USDT Stablecoin Is Now Supported by Polkadot
Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin’s new support follows the token…
Ethereum’s Post-Merge Transfer Fees Remain Low, Since Mid-May High-Priority ETH Fees Are 93% Cheaper
Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) on September 15, the blockchain network’s transaction fees have been much lower than they were ten days before The Merge. Roughly four months ago on May 13,…
The PoW Dominance Purge — Only 6 Crypto Assets out of the Top 50 Market Caps Use Proof-of-Work
At the time of writing, only one coin in the top ten crypto assets by market capitalization is a proof-of-work (PoW) token and out of the top 20, there are only three tokens that leverage a PoW consensus mechanism. Moreover, out of 50 of…
New $1M ad campaign against Bitcoin mining after Ethereum’s Merge
Climate groups want Bitcoin to follow Ethereum into switching from Proof-of-Work to Proof-of-Stake consensus mechanism.
The groups have announced a new $1 million ad campaign targeted at pressuring Bitcoin and companies like Fidelity,…
Ethereum miners flock to Ethereum Classic and elsewhere, in wake of Merge
One of the most covered criticisms of Ethereum since its creation in 2015 has been its mammoth energy usage.
While not as heavy as Bitcoin, it nonetheless consumes 0.2% of the world’s electricity, and is responsible for between 20% and 39%…
ETH Merge: Is ‘complex technical event’ underrated or priced in?
GlobalBlock analyst Marcus Sotiriou talks about the Ethereum merge, its benefits and potential risks to the event.
He says the yield factor and a 99.95% reduction in energy use could see DeFi flourish and catalyse investor interest.
But…
Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks
On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that…