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Ethereum Merge: What Does This Mean for Stakers and Miners (Chainalysis Report)

Ethereum, the world’s second-largest cryptocurrency, is all set to discard its energy-intensive proof-of-work consensus mechanism sometime next week. While ETH’s price could potentially decouple from other cryptocurrencies post Merge, staking yields is expected to catalyze institutional adoption, Chainalysis said in its latest report. On the other hand, it may be a difficult road for the existing miners on the network. Uptrend in Institutional Stakers As per Chainalysis, the...

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Energiekrise bremst Crypto Mining aus

In Deutschland ist das Crypto Mining ohnehin wenig profitabel. Doch durch den explosionsartigen Anstieg der Energiekosten in den letzten Wochen kam es weltweit zu großen Verschiebungen des Mining-Marktes. Crypto News: Energiekrise bremst Crypto Mining ausErst im letzten Jahr erlebten Crypto Miner mit dem Verbot des Minings in China eine intensive Herausforderung. In vielen chinesischen Provinzen wurde das Crypto Mining komplett verboten, so dass China als der führende Mining-Markt seine...

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Liquidity Issues Force Poolin to Suspend Withdrawals, Flash Trades, and Swaps

Crypto mining pool service provider Poolin becomes the latest casualty of panic withdrawals that left several crypto platforms with serious liquidity issues forcing them to halt withdrawals, among other services.    Poolin Suspends Withdrawals, Flash Trade  Beijing-based mining pool Poolin has announced the suspension of withdrawals, flash trades, and internal transfers in its bid to preserve liquidity amid a “dull crypto market.” The company is facing liquidity issues and...

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Ahead of the Merge, SEBA Bank Launches Ethereum Staking for Institutional Investors

Swiss-regulated SEBA Bank on Wednesday launched Ethereum staking for institutional investors. The development comes only days before the much-anticipated Merge that will transition the second-highest valued blockchain network to Proof of Stake (PoS) from the Proof of Work (PoW) mechanism of transaction validation.   Institutional Access to ETH Staking   The transition is likely to take place sometime between September 10 and 20, with September 15 being referred to as the...

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Core Scientific Sold Over 1,100 BTC in August for $26 Million

The Texas-based cryptocurrency mining firm – Core Scientific – produced 1,334 BTC in August and sold 1,125 BTC of that stash for approximately $25.9 million. In June this year, when the crypto market and bitcoin particularly dipped to record lows in years, Core Scientific parted with over 7,000 BTC for around $167 million. One of the leading crypto mining companies announced that August had been a highly successful month for the firm. In the past four weeks, it increased its...

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Mining Pool friert Bitcoin und Ethereum ein

Es gab in der Vergangenheit schon auf diversen Cryptobörsen einen Freeze, der Auszahlungen mit bestimmten Cryptocoins unmöglich machte. Doch die Gefahr, dass die Konten eingefroren werden, gibt es auch bei Mining Pools, wie der Fall „Poolin“ zuletzt zeigte. Crypto News: Mining Pool friert Bitcoin und Ethereum einPoolin gab an, dass derzeit Liquiditätsprobleme bestehen, da es einen Anstieg bei den Auszahlungsanforderungen gibt – die Hashrate des Pools fiel um 30 – 40 Prozent. Darauf fror der...

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China Remains a Big Player in Crypto Mining

Despite what appears to be an ongoing hatred for bitcoin and endless attempts to rid itself of the world’s number one digital currency by market cap, China still holds a rather strong position in the crypto market. China Still Hosts a Lot of Mining Just over a year ago, China shocked the world by announcing that it was going to end all bitcoin and crypto mining operations within its borders and it declared the process of extracting units from the blockchain illegal. The...

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BTC Hanging By a Thread but is $17K in Play? (Bitcoin Price Analysis)

It’s been over 9 months since Bitcoin’s all-time high at $69K in November 2021. The cryptocurrency continues its gruesome downtrend and has yet to show any signs of recovery. The market is currently quiet, but next week’s price action could be key to determining the mid-term future. Technical Analysis By: Edris The Daily Chart Looking at the daily chart, the price has been consolidating in a tight range between $19,500 and $20,500 over the past few days, showing little intent...

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Bitcoin Mining Can Revolutionize Energy Production: Arcane Research

Arcane Research – a digital asset analysis firm – has published a report examining Bitcoin mining, and its relationship with global energy.  The paper argues that the mining industry can transform worldwide energy production for the better – contrary to its frequent portrayal as a social and environmental harm.  Reinforcing the Grid and Renewable Technologies The report, published on Wednesday, provides four ways in which mining can improve energy systems in a desirable and...

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Ethermine Unveils New Staking Service as The Merge Nears

With the mining era slowly coming to an end, the world’s largest Ethereum mining pool – Ethermine – has launched a staking pool service for users. To become a validator on the Ethereum network, users must invest 32 ETH. But Ethermine’s new service, dubbed – Ethermine Staking – offers a workaround. It aims to let members of the pool collectively stake their Ether (ETH) and also earn interest after the transition of Ethereum’s consensus mechanism from Proof-of-Work (PoW) to...

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