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Crypto News
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…
LUNA 2.0 Token Jumps 200% Higher Against the US Dollar in 24 Hours
While digital currencies jumped in value during the early morning trading sessions on Friday (ET), the new Terra token, LUNA 2.0, jumped more than 200% in value against the U.S. dollar. LUNA jumped from a low of $1.90 per unit to a high of…
Is Ethereum getting to $2,000 as Chainalysis predicts explosive post-merge growth?
Chainalysis has projected a strong price rally of Ethereum post-merge
The soft date for the Merge is on September 19
Ethereum is gaining and looks set back to $2,000
Ethereum ETH/USD will lead other cryptocurrencies in price after…
Binance US introduces Ethereum staking ahead of The Merge
The US subsidiary of Binance has today announced that it will introduce an Ethereum (ETH) staking program ahead of the upcoming Merge upgrade. The staking program will have an annual percentage yield (APY) of up to 6.0%.
Unlike direct…
Crypto mining pool Poolin halts BTC and ETH withdrawals due to “liquidity issues”
Cryptocurrency mining pool Poolin has announced it will halt Bitcoin (BTC) and Ether (ETH) withdrawals from its wallet service.
In the announcement, Poolin said:
“We are here to let you know the withdrawal options of Pool Account and…
Ethereum Network Bellatrix upgrade causes ETH price to spike
The Ethereum Bellatrix upgrade, which kicks off the final countdown for the much-anticipated Merge upgrade, is now live.
ETH price shot above $1,678 minutes after the Bellatrix upgrade was activated. At press time, ETH price had, however,…