Ethereum (ETH)

Following Ethereum Merge, GPU Prices In China Have Recorded A Major Dip

Following Ethereum Merge, GPU Prices In China Have Recorded A Major Dip

It has been less than 15 days since the Merge was implemented on the Ethereum blockchain. The upgrade reportedly moved the Ethereum blockchain consensus from proof-of-work (PoW) to proof-of-stake (PoS). Mining Rigs Rendered Useless As the consensus protocol changed entirely, the mining for Ethereum (ETH) has become rather useless. In the past, the prices of the cryptocurrency mining rigs including the GPUs used for providing the computational power were in high demand. Prior to the implementation, Ethereum was based on the proof-of-work consensus. This meant that the adoption driving mechanism for ETH was mining it, increasing its computational power, and…
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Tornado Cash Is Back On GitHub After OFAC Guidance

Tornado Cash Is Back On GitHub After OFAC Guidance

Tornado Cash, the Ethereum coin mixer that had previously been taken down is now once more back on GitHub, the software hosting website. Last month, the crypto mixer had been blacklisted by the OFAC (Office of Foreign Assets Control) of the United States Department of the Treasury because it allowed users to receive and send Ethereum anonymously. After the sanctions, American citizens were no longer permitted to interact with the app, which obscures the origin of transactions by pooling them together. Tornado Cash is back Only hours after the OFAC had made its announcement, the software hosting website that developers…
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Report Shows Ethereum’s Carbon Footprint Down 99.99% After Merge

Report Shows Ethereum’s Carbon Footprint Down 99.99% After Merge

The long-awaited merge of the Ethereum network was successfully completed and it had been designed to cut down the overall energy consumption of the blockchain network drastically. Apparently, it has accomplished this goal, as an initial report showed that the carbon footprint and energy needs of Ethereum have declined more than anticipated. The report ConsenSys, the Ethereum-centric software company, had commissioned the report in question from the Crypto Carbon Ratings Institute (CCRI). It claimed that 99.99% less energy is used by Ethereum now, as compared to before the merge. It also suggested that there was also a 99.99% decline in…
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Here’s What Bitcoin’s (BTC) Whales Are Doing – Should You?

Here’s What Bitcoin’s (BTC) Whales Are Doing – Should You?

Bitcoin (BTC) has entered the 6th day of low activity while swaying inside a nine-week ascending support level. Its ongoing performance underscored the surged uncertainty following the bearish actions it recorded the previous week. In most scenarios, dip-pocketed individuals make moves when retailers wait for clarifications on market direction. Probably, assessing whale action in Bitcoin could offer to clarify possible outcomes from the market. Assessing Institutional Demand It remains logical to evaluate actions by institutions since they boast massive buying power and have strong market influence. The Purpose BTC ETH holdings remained a dependable indicator for measuring institutional demand. Beware…
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ETH Whales Reignite Shiba Inu Interest: Deciphering Details

ETH Whales Reignite Shiba Inu Interest: Deciphering Details

Ethereum whales appear to have switched from their past move to leave SHIB out of top holdings. Remember that these dominant investors exited a 3-figure million-dollar Shiba Inu holdings. However, the meme coin sees renewed interest. WhaleStats data shows the leading 100 Ethereum whales have purchased $SHIB worth more than $37 million within the last 24 hours. The revival has SHIB balances by the dominant 1,000 whales hitting $162.12 million. Furthermore, the accumulation didn't end at numbers only. It stretched as Shiba Inu's price retained a positive trend. According to Coinmarketcap, Shiba Inu changed hands at $0.0000145 during this writing,…
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Uniswap (UNI) Endures a Massive Hit; Why HODLing Might Be the Solution

Uniswap (UNI) Endures a Massive Hit; Why HODLing Might Be the Solution

Uniswap (UNI) nears a critical junction as the top decentralized exchange faces a gripping condition. The protocol has witnessed a barren run since overtaking Curve in most utilized DEX. For instance, Uniswap registered new lows in July, with trading volume plummeting to $37.8 billion, 2022's lowest mark. Furthermore, July's figures remain far by $24.8B from May's $62.7 billion – the yearly peak. Do Not Leave Yet Surprisingly, Uniswap has stayed busy lately after surging on the charts in market cap. UNI's growth over the week reflects such developments. Nevertheless, the altcoin endured a brief fall as other leading cryptos recorded…
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Evaluating What ETH Merge Might Mean for Ethereum Classic (ETC)

Evaluating What ETH Merge Might Mean for Ethereum Classic (ETC)

Ethereum Classic arrived in the marketplace as a hardfork outcome of the Ethereum (ETH) split in 2016, and it appears to remain in touch with the dominant alt. ETC climbed to new highs some hours after Ethereum concluded the Goerli testnet. July sessions saw Ethereum Classic hitting a 3-month peak after Ether's previous testnet before the Goerli. Indeed, the Merge looks to be a determiner in ETC's subsequent rallies. While publishing this news ETC changed hands at $43, gaining more than 10% within the past day. Meanwhile, the price levels represented the highest for the alt since March's final week.…
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Ethereum (ETH): Should Traders Execute Long Bets with Unsure Merge Date?

Ethereum (ETH): Should Traders Execute Long Bets with Unsure Merge Date?

Ethereum's migration into a PoS (proof-of-stake) mechanism continues to dominate debate in the blockchain industry. On August 11, the network's core developers confirmed a possible ETH Merge date. Meanwhile, the platform should complete Paris and Bellatrix upgrades before the ultimate Merge into a PoS blockchain. Meanwhile, developers confirmed completing Bellatrix on September 6, whereas Paris will arrive after the platform's hash rate hits a specific mark – a TTD (Total terminal difficulty) of 5875000000000000000000 – anticipated by September 16. This announcement triggered swift uptrends in ETH prices as the altcoin rallied above $1,900, a level it hasn't touched since May.…
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