Ethereum (ETH)

The Merge was this year’s biggest event. It marked the long-awaited transition of Ethereum from a Proof-of-Work governance consensus to a Proof-of-Stake one. Besides other benefits, one of the most notable differences was the supply change. Since miners no longer mine ETH, the issuance has dropped by over 99%. At the time of this writing, the supply change of ETH since the Merge has surpassed 9,000 and sits at 9,700. This is to say that only 9,700 ETH has been added to the...

The Merge was a big event that everyone thought was going to bring about huge change for Ethereum and all its crypto cousins. The currency’s switch from proof of work (PoW) to proof of stake (PoS) was covered heavily by media sources, and there was even a countdown to the event on Google. Ethereum Appears to Be Dropping Now that the event is complete, what can we say is all that different? Sure, not that much time has passed. These things need necessary windows to show...

Crypto staking service provider, Lido, launched on Ethereum layer 2 networks Arbitrum Bridge and Optimism. Lido first revealed its plans to expand stETH across the growing layer 2 decentralized finance ecosystem in July this year. The move is expected to further improve Ethereum staking accessibility. According to the official tweet, the expansion of wstETH, which is essentially a “wrapped” version of the staking coin stETH, will allow traders to stake tokens directly on the...

Bitcoin has gotten quite a few shakeups in the previous weeks largely due to activity from both Ethereum – the second largest digital currency by market cap and its number one competitor – after the Merge, and the Federal Reserve, which held another meeting about a week after it took place. Has Ethereum Weakened Bitcoin? It appears bitcoin can’t seem to receive a stable rest over the past several months. The currency has undergone some of its most bearish conditions, and...

The past 24 hours were quite tumultuous, with one of the largest blockchain networks – BNB Chain – suffering a security breach that saw the millions worth of cryptocurrency being compromised. And while the process of freezing and recovering the stolen assets is ongoing and the network is back to its normal functioning, someone took the opportunity to pull off another scam. Enter the BNB HACK INU Token BNBHACKINU – a token created in a clear reference to both the recent BNB...

Following the Ethereum Merge which occurred on September 14 of this year, a bonus reward was placed in the pockets of energy and climate advocates everywhere. It seems after the Merge was complete, the world’s energy consumption fell by roughly .2 percent overnight. Who would have known that mining ETH really did utilize that much energy? The Ethereum Merge Has Significantly Lowered Worldwide Energy Use The Merge has been a long talked-about event that would occur with...

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Now that Ethereum has completed its Merge and gone from a proof of work (PoW) module to proof of stake (PoS), many environmental groups want bitcoin to do the same. Several have formed together to establish an initiative called “Change the Code, Not the Climate” as a means of pushing bitcoin more towards less energy-intensive methods of extracting units. Change the Code Seeks to Change BTC Forever $1 million has been spent on the Change the Code campaign. Greenpeace is also launching a new...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon. Ethereum (ETH) With an increase of only 1.4% in the past seven days, Ethereum continues to maintain a flat price action, with market participants unable to swing the cryptocurrency beyond its current range. Since mid-September, ETH has only been moving sideways between the key support at $1,250 and the resistance at $1,400. The last time it tested the key resistance was on September...

Gary Gensler made a big announcement on October 3, saying the US media personality and reality star Kim Kardashian had settled with the agency in a fraudulent crypto promotional case. However, a Fox reporter now claimed that the SEC Chair had violated protocol by overhyping the settlement for his personal political agenda. Gensler Did it Wrongly? CryptoPotato reported on October 3 that Kardashian had agreed to pay $1.26 million in penalties, disgorgement, and interest for...