Tag: ethereum (eth)

Sep 23 2022

Staked ETH Coins See $33 Million Inflow Thanks To Ethereum’s PoS Upgrade: Nansen

Summary: On-chain analytics startup Nansen reported massive inflows into staked Ether tokens following the Merge. Ethereum's proof-of-stake upgrade successfully shipped on September 15, EWN reported. "Smart money" investors have deployed over $33 million into locked-up Ether coins in the past week alone. Ethereum's upgrade dubbed the merge seemingly bolstered investors' faith in protocols like Lido after a concerning depeg event back in June....

ETHW Price Will Be the Same As ETH in Ten Years: Ethereum Hard Fork Organizer

Chandler Guo said that the price of ETHW would match ETH in ten years. He also confirmed on his interview with Bitcoin.com that there would be over 100 projects running on top of ETHPoW. ETHW has crashed from over $50 to under $10 following The Merge. Chandler Guo, the man behind the hard fork that led to ETHPoW, said that the price of...

Sep 21 2022

Showdown! Cardano vs Ethereum

Comparing Cardano and Ethereum will keep discussions heated for a few more years to come. There are devotees in both camps who are sure that they have the Willy Wonka Golden Ticket in their hands. But should they? Both chains are in the middle of important updates. Ethereum just completed The Merge a few days ago. Cardano will have the Vasil hard fork...

Sep 20 2022

Nasdaq Readies Crypto Custodial Offering For Institutional Players

Summary: Nasdaq.Inc has eyes on offering crypto custodial services to institutional investors. The stock exchange boasts a new digital department led by former Gemini official Ira Auerbach. This is Nasdaq's first major push into the crypto market. Exchange officials said the company is equipped to navigate regulatory requirements regarding expanding its crypto-focused services. The world's second-largest stock exchange, Nasdaq, is poised for a...

Sep 16 2022

Dogecoin (DOGE) Now Second Biggest PoW Blockchain After The Ethereum Merge

Summary: Dogecoin has climbed to the second spot among proof-of-work cryptocurrencies with a market cap north of $7.9 billion. The meme coin achieved the feat following the merge. Ethereum was previously the second largest PoW blockchain before its proof-of-stake upgrade. Doge is now topped only by the world's largest decentralized network - Bitcoin. Crypto's largest meme coin has become the second largest proof-of-work...

Ethereum’s Proof-of-Stake Transition Could Make It a Security, Says Gary Gensler

SEC Chair Gary Gensler said that Ethereum’s switch to Proof-of-Stake could trigger securities laws. Gensler believes that the staking model could make Ethereum pass a key part of the Howey test. Gensler is keen on regulating many crypto tokens under securities laws. United States Securities and Exchange Commission (SEC) Chair Gary Gensler said that Ethereum’s switch to Proof-of- Stake could trigger securities laws. Gensler...

Sep 15 2022

The Merge Week: ETHW Team Releases 1-Hour Mainnet Info Launch Countdown

ETHW developers to proceed with mainnet launch after the Merge was a success.

Ethereum Proof-of-Work Hard Fork Token Nosedives Post The Merge

The ETHW token rallied in the hours after The Merge before crashing heavily. The token is down 18% over the past 24 hours. The ETHPoW mainnet launch is less than 24 hours away. The Proof-of-Work fork of the Ethereum network, ETHPoW, saw its token rally then crash after The Merge. The ETHW token went from approximately $35.4 to over $70 just after The...

Sep 14 2022

The Merge Week: Bybit To Support ETHW Fork, Token Distribution 8 Hours After Ethereum PoS Switch

Summary: Crypto exchange Bybit intends to support ETHW, the proof-of-work hard fork of Ethereum's blockchain. Bybit said ETHW tokens would be listed after the merge. The crypto exchange will also support airdrops, deposits, and trading for ETHW coins eight hours after the upgrade. Major cryptocurrency exchange Bybit will support the Ethereum proof-of-work hard fork called ETHW, the platform announced via a website update...

The Merge Week: Less Than 24 Hours Till Ethereum’s PoS Upgrade, How Are Crypto Exchanges Prepared?

Summary: Major crypto exchanges like Binance, Coinbase, and FTX released their operational plans for the merge. While some plans differ, most platforms intend to support Ethereum's switch from proof-of-work to proof-of-stake. The merge is less than 24 hours away at press time. Developers expect the Paris update to go live and signal the full upgrade between late Wednesday and early Thursday this week....

Sell Pressure Post The Merge Unlikely: Nansen

Nansen published a report on censorship risk and the selling pressure of Ethereum following The Merge. It does not believe there to be selling pressure for a variety of reasons. Meanwhile, investors are anticipating a bump in the price of Ethereum, while some traders are shorting ETH to hedge their risk. Data platform Nansen has stated that there isn’t likely to be any...

Sep 13 2022

Opera Crypto Browser Rolls out Support For Metamask And Other Web3 Wallets

Summary: Opera Crypto Browser now supports third-party wallets. Integration for Ethereum wallet Metamask among others was announced this week. The move could be strategic as Ethereum's switch to proof-of-stake is expected to ship before September 20. Adding support for wallets like Metamask could Opera Browser's utility and tap into the hype surrounding the merge. Opera Crypto Browser has added support for crypto wallets...

The Merge Week: ETHW Forked Mainent To Go Live 24 Hours Ethereum’s PoS Upgrade

Summary: The plan to fork Ethereum's proof-of-work network now has a timeline. EthereumPoW, the community behind the initiative, said the ETHW Mainnet would go live 24 hours after the merge. Full node data and configurations would be released shortly as well. The community announced the news as Ethereum's proof-of-stake transition is hours away. Ethereum proof-of-work (PoW) otherwise known as ETHW revealed on Monday...

Traders Shorting Ethereum Ahead of The Merge, ETH Funding Rates Negative

Traders are shorting ETH as The Merge is set to arrive in a few days. These traders could simply be hedging risk. Meanwhile, the Ethereum PoW token ETHW is receiving a lot of attention as an airdrop is imminent. Ethereum’s Merge is seeing heavy activity in the market, with many traders shorting ETH. Among the trading activity taking place is the fact that...

Sep 12 2022

The Merge Week: CME Launches Options On Ether Futures

CME taps the merge hype to launch options on Ether (ETH) futures.

The Merge Week: Tether (USDT) Backs Ethereum’s Proof-Of-Stake Upgrade

Summary: USDT issuer Tether supports Ethereum's upcoming proof-of-stake transition. Tether stressed only ETH PoS would receive backing. Support for hard-forked proof-of-work Ethereum chains seems unlikely at press time. The top two stablecoins have declared full support for the Merge. Other protocols like Chainlink and exchanges like Coinbase have announced similar decisions. Tether, the digital asset firm behind crypto’s largest stablecoin USDT, is all...

Sep 09 2022

Sep 08 2022

Uniswap Dex Fully Backs Ethereum PoS Upgrade, No Support For ETHPOW Forks

Uniswap is all in on Ethereum's proof-of-stake upgrade as the merge draws closer.

UK’s ETC Group To Offer Ethereum PoW Fork ETP After The Merge

The U.K.’s ETC Group will offer an ETP based on the Ethereum Pow hard fork after The Merge. All holders of the current Ethereum ETP will receive units of the new one on a 1:1 basis. Some exchanges have also said that it would support the asset of the forked chain. Ethereum Proof-of-Work hard fork, ETHPoW, will have its own Exchange Traded Product...

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