Ethereum News

The-date-for-the-Ethereum-Merge-is-officially-confirmed!
Ethereum Rally Proves Shaky Right Before The Merge

Ethereum price is unimpressive at best despite The Merge arriving on September 15. Some suspect that ETH rally may be over, while others advise to short it. On the other hand, some cryptocurrencies such as Bitcoin (BTC) and Polygon (MATIC) are showing bullish signals. Despite leading the market in bouncing back after a frigid first half of 2022, Ethereum (ETH) seems to be weakening right before The Merge. At the time of writing, ETH is changing hands at $1,691.19, according to CoinGecko. This is a 24-hour loss of almost 5%. Ethereum’s weak performance prompted some crypto influencers and analysts to

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Ethereum-2.0-Will-Drop-Its-Energy-Consumption-by-99
Ethereum 2.0 Will Drop Its Energy Consumption by 99.95%

Ethereum 2.0 will save a huge amount of energy. The network’s energy consumption will drop by 99.95%. The energy saved will be equal to the same amount generated by 11,000 wind turbines. The Ethereum merge will have Ethereum drop by 99.95% in energy consumption. To put it into perspective, this is equal to 15 big nuclear reactors or 11,000 wind turbines. Indeed, the Ethereum merge is a huge win for the environment. In detail, the Ethereum merge will reduce consuming 110 TWh or 110 billion killo-watt hours of energy annually. This is pretty much the same energy consumed by more

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Buterin Proposes Changes to Ethereum Staking to Prevent Centralization
Ethereum Now Has 27K Blocks Left Before The Merge

Ethereum now only has over 27,000 blocks remaining before The Merge. September 15 remains the tentative date of The Merge. Ethereum holders will decide whether ETH will moon or crash once The Merge has occurred. The Ethereum network now has only over 27,000 blocks remaining before its most anticipated transition into Proof of Stake (PoS).  In detail, Ethereum is at block no. 15,508,871, at the time of writing. Given that the network expects The Merge to happen at block no. 15,536,905, September 15 is the tentative date. This is because it takes around 10 seconds for the network to discover

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Investors Debate: $1,500 for iPhone 14 Pro Max vs 1 ETH
Investors Debate: $1,500 for iPhone 14 Pro Max vs 1 ETH

Apple announces its new suite of products including the iPhone 14 Pro Max 1 TB. The iPhone 14 Pro Max 1 TB costs almost the same as 1 ETH.  This leaves many considering which asset holds more value to them in the long run. Apple announced its new series of Apple products yesterday and the world got a first look at the iPhone 14 at Apple’s big event. Along with the iPhone 14, a whole suite of other Apple products were unveiled, along with their prices. The price of a single iPhone 14 Pro Max 1TB rivals that of a

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Gensler-Supports-CFTC-as-Bitcoin,-Ethereum-Regulator
Gensler Supports CFTC as Bitcoin, Ethereum Regulator

Gary Gensler approves of the notion that CFTC will regulate cryptocurrencies deemed as commodities. So far, only Bitcoin and Ethereum are recognized by the commission as commodities. SEC has filed a lawsuit against 200 persons and companies who dabbled in cryptocurrencies. Securities and Exchange Commission (SEC) Chairman Gary Gensler expressed his support for the transfer of oversight for Bitcoin and Ethereum — cryptocurrencies that the watchdog considers commodities and not securities.  Gensler believes that these two leading crypto assets can now be regulated by the Commodity Futures Trading Commission (CFTC). According to an article by the Wall Street Journal, Gensler

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Semi-Fungible Assets Gain New Order With ERC-3525 Proposal
Semi-Fungible Assets Gain New Order With ERC-3525 Proposal

The Solv Protocol proposed the ERC-3525 proposal.  The Ethereum community approved the ERC-3525 approval.  This approval defines a clear structure for semi-fungible assets. As the Ethereum merge nears, the ETH community is still working on making decisions to further improve the Ethereum blockchain. The latest of these improvements includes the approval of the ERC-3525 proposal.  In detail, the ERC-3525 was a proposal put forth by Solv Protocol. This approval was just approved by the Ethereum blockchain today. In particular, the ERC-3525 proposal will create a token standard.  Specifically, the token standard set by the ERC-3525 proposal is made to represent

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Ethereum Launches Bellatrix Hard Fork Before Ethereum Merge

Ethereum deploys Bellatrix hard fork right before the Ethereum merge.  Vitalik Buterin reminds the Ethereum community to update their clients in preparation. The Ethereum merge will likely occur between September 13-15 as planned. The Ethereum blockchain is just gearing up for its much-awaited merge. In preparation for this merge, the blockchain is launching many small upgrades, hard forks, and more. The latest of these deployments in the Bellatrix hard fork. The co-founder of Ethereum — Vitalik Buterin, took to Twitter today to address the masses. He says that today is just as important as the day of the Ethereum merge. Today

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The-date-for-the-Ethereum-Merge-is-officially-confirmed!
What To Expect From the Ethereum Merge: Things You Must Know

ETH may reach over $2000 during The Merge Ethereum migrates from proof of work to proof of stake The Merge reduces Ethereum’s energy consumption to 99.5% A market bloodbath continues to be experienced by traders and investors in the cryptocurrency space due to the declining prices of cryptocurrencies. Despite the bearish market, some investors still pledge their undying will to some cryptocurrencies due to the technological potential these digital assets possess. Ethereum is one of the cryptocurrencies that are widely supported by crypto communities around the world. Today, Ethereum is like a shining star on the stage due to its

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The Ethereum Merge Could Become a Scammers Paradise
The Ethereum Merge Could Become a Scammers Paradise

The crypto community receives a friendly reminder to be vigilant amid the Ethereum merge. One user claims that the merge could act as a high potential for increased scams.  After this coveted event many expect the next big event to be Bitcoin Halving. As the Ethereum merge approaches, the crypto community is in a tizzy over what to expect from this phenomenal event. In particular, one thread on Reddit claims that the Ethereum merge will turn out to be a haven for scammers.  In detail, the CryptoCurrency thread on Reddit has one user warning the crypto community to be extra

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Ethereum’s-Vitalik-Buterin-Urges-Masses-to-Embrace-Crypto-Payments
Ethereum’s Vitalik Buterin Urges Masses to Embrace Crypto Payments

Co-Founder of Ethereum says cryptocurrency payments are the best option. Vitalik Buterin emphasizes just how crypto payment options can help the world progress. He even expresses how crypto payments could help within a nation’s borders. Co-Founder of Ethereum — Vitalik Buterin, addresses the power that cryptocurrencies hold on Twitter. In particular, he talks about what cryptocurrencies offer to the public and the world and how unfortunate it is that many still do not realize their potential. As we can see from the tweet above, Vitalik Buterin says that people still continue to underrate cryptocurrency payments. Specifically, he says that they

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Wrapped-Staked-ETH-Token-is-Now-Available-on-Coinbase
Wrapped Staked ETH Token is Now Available on Coinbase

There are less than 2 weeks until Ethereums ‘The merge’. Coinbase Announces Staking Token for Wrapped Ether. cbETH white paper underlines the necessity for strong, competitive liquid staking options. Popular crypto exchange Coinbase disclosed on Wednesday the release of cbETH, its new wrapped and staked Ethereum ERC-20 token, as the cryptocurrency community gets ready for the Ethereum`s merge later this month. About two weeks prior to the much-anticipated Ethereum update known as The Merge, Coinbase Global (Nasdaq: COIN) announced the release of a new ERC20 token called Coinbase wrapped Ethereum (CBETH) on August 24. By using the same strategy as

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The DAO Architect Exit’s Ethereum, Says Web3 is a Mess
The DAO Architect Exit’s Ethereum, Says Web3 is a Mess

The DAO architect Stephen Tual left Ethereum for good.  He did so because he believes web3 is not heading in the direction it should be heading to. After 9 years in Ethereum, he could not stay amidst the many failures anymore. The DAO architect turns his back on Ethereum after nine years. Stephen Tual was one of the main designers of The DAO in 2016. Last week, he sent an email to an Ethereum London meet-up. The email marked his stepping-down from running the meet-up.  More shockingly, he said he would be leaving Ethereum forever. His reason for doing so

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