Tag Archives: ETHBTC

Ethereum finally migrated to a proof-of-stake consensus algorithm. The event triggered a wave of selling which was probably propelled by those who bought ETH to receive the ETHW airdrop. Because of this, the price has declined by some 15% in the past couple of days. Technical Analysis By Grizzly The Daily Chart Ethereum is forming its third straight red candlestick on the daily timeframe. The cryptocurrency is currently back at a level defended by the bulls in the last two...

Ethereum just experienced its first hint of post-merge price action. Unfortunately for bulls, it was to the downside.  After clinging to roughly $1600 over the past 24 hours, Ethereum has now slipped over 5% lower within the past two hours. Likewise, Bitcoin has lost its $20,000 level once again. Ethereum was trading for about $1587 at roughly 14:19 UST on Thursday. It rapidly descended after that, falling as low as $1456 just an hour later.  At the time of writing, Ethereum...

The most-anticipated event in the cryptocurrency industry this year took place earlier today, confirming Ethereum’s transition from PoW to PoS. While the effects for the second-largest blockchain will be unveiled gradually in time, Ethereum Classic seems to be benefiting the most for now. CryptoPotato reported earlier today when the Ethereum mainnet finally merged with the PoS Beacon Chain, solidifying the network’s transition to proof-of-stake. Although this was a...

According to Antoni Trenchev – Co-Founder of the cryptocurrency lending platform Nexo – Ethereum’s Merge is “the most significant thing” that has happened in the protocol’s history. However, he does not believe it will help Ether surpass Bitcoin as the most dominant digital asset. The executive also expects ETH’s price to surge when people realize the benefits of the transition to Proof-of-Stake (PoS), but not immediately after it occurs. Bitcoin Will Stay at the Top...

With the long-awaited Ethereum Merge expected to go live in less than 24 hours, Joseph Lubin, CEO of the blockchain software technology company ConsenSys, has shared his thoughts on it, noting that the transition is the third-most significant event in the crypto industry.  According to Lubin in a recent interview with Bloomberg TV, the first event was the birth of Bitcoin in 2009, while the second was the creation of Ethereum in 2015. “In terms of impact, in the history of...

On September 13, the U.S. Treasury Department published a guide with a series of steps for U.S. citizens to follow in order to withdraw their funds from Tornado Cash. Tornado Cash was a mixing service shut down on August 8 by the U.S. Treasury Department. This happened after investigations showed that the platform was used to launder money thanks to its transaction obfuscation features. Users Must Apply For a License to Withdraw Funds Per the Treasury Department’s guidelines,...

Ethereum’s pending transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) can trigger new risks for the troubled crypto lender – Hodlnaut. The Singapore-based company was one of several firms in the crypto industry that succumbed to the pressures of the downturn after the collapse of Terra ecosystem tokens. According to a new report, Hodlnaut has warned of risks to its assets if the Merge fuels a “bout of volatility in virtual coins.” As such, sudden price movements in...

Sam Padilla – a Web3 Customer Engineer at Google – said the world’s largest search engine launched a countdown clock that shows when exactly Ethereum’s Merge will be complete. The second-biggest cryptocurrency protocol is on its way to shifting from Proof-of-Work (PoW) to Proof-of-Stake (PoS), something unseen in the industry so far. The move is expected to be finalized on September 15. Ethereum’s shift to PoS, known as “the Merge,” has gathered significant attention as many...

Ethereum increased by 25% in the past few days and seems to be a step away from shattering the line that has followed the price since its all-time high was registered in November 2021. Technical Analysis By Grizzly The Daily Chart Ethereum has reached an obstacle on the daily chart. A significant resistance zone has been established by the convergence of two descending lines (in yellow and orange) and the horizontal resistance at $1,800 (in red). On August 14, the bulls’...

The cryptocurrency ranking and evaluation platform – CoinGecko – examined global Google trends to determine which nation is the most excited about Ethereum’s upcoming transition from Proof-of-Work consensus mechanism to Proof-of-Stake. Per the results, Singapore ranks first, while Switzerland and Canada share the second position. Third is the largest economy in the European Union – Germany. ‘Anticipation for the Merge is at an ATH’ The second-biggest cryptocurrency protocol –...