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Russia Shuts Off EU Gas, Vitalik Discusses Bitcoin Security, and More — Bitcoin.com News Week in Review
11.9.2022
Macro markets and geopolitics dominated the news this week, with Russia cutting off Europe’s gas supply, hedge funds betting against Italian debt, and the International Monetary Fund’s bailout for Zambia helping the kwacha overtake the ruble as the world’s best-performing...
Ethereum Devs Successfully Complete Merge Shadow Fork With No ‘Client Incompatibility Issues’
10.9.2022
Next week or roughly around four days from now, The Merge is expected to be implemented and Ethereum will transition from proof-of-work (PoW) to proof-of-stake (PoS). According to Ethereum developers, prior to the Paris upgrade, programmers successfully completed the 13th and last shadow fork....
Bitcoin, Ethereum Technical Analysis: ETH Bulls Targeting $1,800 This Weekend
10.9.2022
Ethereum rallied to a fresh three-week high to start Saturday’s session, however gains eased as the day progressed. The token continues to trade above $1,700, as market sentiment remains bullish. Bitcoin experienced a similar day, with the token slowly losing steam, after a failed breakout...
ETC Group Says It Will List an Exchange-Traded Product Based on Anticipated ETH Hard Fork
10.9.2022
Digital asset-backed securities provider the Etc Group has said it will list an exchange-traded product (ETP) based on an anticipated hard fork of the Ethereum blockchain on September 15. Current holders of Etc Group’s ethereum ETP (ZETH) will be issued with “units of the new security...
Ethereum ready for The Merge as last shadow fork completes successfully
10.9.2022
The successful completion of the last shadow fork signaled the readiness of the Ethereum network for migrating to a proof-of-stake consensus mechanism
Developer Activity on Bitcoin and Ethereum Plummeted in 2022
10.9.2022
Blockchain developers have slowed down their contributions to top crypto projects amid the lingering market downturn, with Bitcoin and Ethereum experiencing a decline of over 30% in developer activity over the past three months. ...
Read More: Developer Activity on Bitcoin and Ethereum Plummeted...
Sui Developer Mysten Labs Raises $300 Million to Address Web3 Scalability
10.9.2022
Mysten Labs, developer of a new blockchain project called Sui, raised $300 million in its latest funding round. The round, which was led by FTX ventures, also had the support of A16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures, among others. The funds will...
DApp activity rises 3.7% in August for the first time since May: Finance Redefined
9.9.2022
DeFi token finally broke out of two-week-long bearish price dominance to trade in the green, where several tokens in the top 100 registered double-digit gains over the past week
LUNA 2.0 Token Jumps 200% Higher Against the US Dollar in 24 Hours
9.9.2022
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 $6.87, but the token’s value has slipped to...
Unique Ethereum TX Count Jumps 40% Ahead of Merge; Overtakes Bitcoin
9.9.2022
Unique Ethereum transactions jumped by 40.3% between August 31 and September 4, as Ethereum developers completed the latest Bellatrix upgrade and prepared for next week's Merge. And with yesterday's transaction count residing at 368,463, it has overtaken the corresponding figure for Bitcoin, which...
Ethereum Futures Hit $1 Trillion; Overtakes Bitcoin For First Time Ever
9.9.2022
The market competition between the top two cryptocurrencies, Bitcoin (BTC) and Ether (ETH), has continued to heat up as Ethereum has led the market in gains of recent. In August, the future market performance of ETH hit two historic benchmarks. ...
Read More: Ethereum Futures Hit $1 Trillion;...
Ethereum's potential fork ETHPOW has crashed 80% since debut — more pain ahead?
9.9.2022
A recent report has narrowed ETHPOW's downside target to $18 if the token ever comes to life post-Merge
4 Crypto Tokens Reap Hashpower From The Merge, ETC Secures Most of the Hashrate Leaving ETH
9.9.2022
20 days ago, a poll was shared on Twitter asking miners where they planned to dedicate their hashrate, after The Merge transitions Ethereum into a proof-of-stake (PoS) blockchain. The proof-of-work (PoW) contenders at the time were tokens like ravencoin, ergo, flux, and ethereum classic. When...
Bitcoin, Ethereum Technical Analysis: BTC Beyond $21,000, ETH Above $1,700 as Powell Remains Hawkish
9.9.2022
Bitcoin rose by over $2,000 in the last 24 hours, as markets responded to bullish comments from United States Federal Reserve Chair Jerome Powell. Speaking yesterday, Powell stated, “We need to act now, forthrightly, strongly as we have been doing.” Ethereum also surged, moving above...
Ethereum Classic Price Surges: Is ETC Ready for a Bull Rally?
9.9.2022
The entire crypto community is bullish on the Ethereum Merge update, which will make Ethereum eco-friendly. However, the miners spend thousands of dollars on starting their mining business, so they will find a suitable alternative in Ethereum Classic, which has been running on Proof of Work...
Bitcoin Smashes Key Resistance, Ethereum and Altcoins Jump
9.9.2022
Bitcoin price gained pace above the USD 20,500 resistance. BTC is currently (11:20 UTC) up over 8% and trading near USD 21,000. Any more gains might send the price towards the USD 21,500 resistance zone.
Similarly, most major altcoins are eyeing more upsides. ETH was able to clear the USD 1,700...
Argentine Tax Authority AFIP Strengthens Supervision, Finds Three Clandestine Cryptocurrency Mining Farms
9.9.2022
The Argentine tax authority (AFIP) found three different clandestine cryptocurrency mining farms last week. The farms were located in San Juan and in the city of Cordoba. More than $600,000 in hardware was found at just one of these locations, and the high level of power consumed helped...
Ethlot.me Ethereum Mining ‘Scam Mastermind’ Flees South Korea for the Philippines
9.9.2022
The alleged leader of what police believe to be a ethereum (ETH) mining scam masquerading as a bona fide “pool” has fled abroad....
Read More: Ethlot.me Ethereum Mining ‘Scam Mastermind’ Flees South Korea for the Philippines
Bitcoin, Ethereum Google Searches Plunge 83% Since 2021
9.9.2022
Searches for 'bitcoin' and 'ethereum' have plummeted by as much as 83% since highs in 2021, according to Google Trends data. After reaching an all-time high of 100 in early May 2021, Ethereum-related searches have declined to 17, while for Bitcoin the decline has been 79% over the same...
Ethereum Merge can trigger high volatility, BitMEX CEO warns
9.9.2022
BitMEX CEO Alexander Höptner said that paying close attention to what may happen and keeping services up is a must ahead of the Merge