Ethereum News

Bill-Hinman’s-Calendar-Reveal-May-Spell-Trouble-for-Ethereum
Bill Hinman’s Calendar Reveal May Spell Trouble for Ethereum

A FOX journalist obtained a copy of former SEC Director Bill Hinman’s calendar. Hinman has met with people from the crypto industry, including those from Ethereum. If worse comes to worst, the SEC may consider Ethereum a security. It would appear that the skeletons in Bill Hinman’s closet during his tenure at the US Securities and Exchange Commission (SEC) are being unearthed in plain sight. Specifically, FOX journalist Eleanor Terrett has gotten a copy of Hinman’s calendar while he was still part of the SEC, and some entries are very interesting. According to Terrett, Hinman met personally with prominent people

Here’s-One-Reason-Why-Buterin-Is-Happy-With-the-Bear-Market
Here’s One Reason Why Buterin Is Happy With the Bear Market

NFT trading volumes have dropped by 97% from their all-time high in January 2022. Monthly volume has reached only $467 million this September when its highest was $17.2 billion. Vitalik Buterin criticizes NFTs and he considers NFT trading as a sort of “gambling.” It appears there is one subsector of the crypto space that is affected more by the current crypto bear market than regular cryptocurrencies — non-fungible tokens (NFTs). Specifically, the NFT trading volumes appear to be dead. According to an article by Bloomberg, NFT trading volumes have dropped by 97% from their peak in January 2022. Back in

What The ETH Merge Has Accomplished
What The ETH Merge Has Accomplished

Ethereum should use 99.9% less energy. Fewer than 40% of the energy used in mining was renewable. Good momentum will be for those projects that are built on top of Ethereum. It was no easy task to switch from proof-of-work to proof-of-stake, two different ways to operate the Ethereum blockchain. Before the Merge, Justin Drake, a researcher at the nonprofit Ethereum Foundation, gave a speech. “The metaphor that I use is this concept of taking out an engine from a functioning automobile,” Drake said. The potential reward is enormous. Now, Ethereum should use 99.9% less energy. According to one estimation,

Ethereum Carbon Footprint Reduce 99.99% After Merge
Ethereum Carbon Footprint Reduce 99.99% After Merge

Ethereum now consumes roughly 99.99 percent less energy. ETH’s overall electricity consumption per year is only 2,600 megawatts hours. Compared to Ethereum 1.0, Ethereum 2.0 is projected to use much less energy. According to a press release issued on Thursday, September 15, even more, than expected, Ethereum’s energy usage and carbon footprint have decreased after the Merger upgrade. Following the merge, Ethereum now consumes roughly 99.99 percent less energy. Furthermore, the blockchain’s carbon footprint has dropped by over 99.99 percent. The Ethereum Foundation estimated that, in the past, their merger would cut down the network’s energy consumption by almost 99.95%.