Ethereum

Ethereum RSI Shows Price May Recover in 48 Hours
Ethereum RSI Shows Price May Recover in 48 Hours

Ethereum price may witness a slight recovery within 48 hours. However, a relief rally may not be possible. Some claim that the ‘buy the rumor, sell the news’ mentality is playing out. In the wake of Ethereum’s successful transition into Proof of Stake (PoS), ETH price may have a slight recovery within 48 hours.  For a better perspective, ETH’s price movement has been underwhelming at best after The Merge has completed without any bugs reported to the greater crypto community.  While other cryptocurrencies are also witnessing a downtrend, Ethereum is much worse. Since last week, Ethereum’s price is down by

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BREAKING-Ethereum-(ETH)-Merge-Is-Successfully-Complete
BREAKING: Ethereum (ETH) Merge Is Successfully Complete

The Ethereum Merge Is Complete. Ethereum’s switch to proof of stake has been planned since 2014. Ethereum’s Merge paves way for a greener future. The Ethereum consumed about the same amount of energy on Tuesday morning as all of Chile. The blockchain’s energy requirements decreased by nearly 99% just before midnight PT time.  After eight years of planning, Ethereum adopted a proof-of-work methodology, making obsolete the electricity-guzzling process of creating ether cryptocurrency tokens. Ethereum’s switch to proof of stake has been planned since 2014 before the blockchain was officially deployed. Because of its technical complexity, and the increasingly large amount

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Hashrate-Will-Drop-Before-The-Merge-Vitalik-Buterin
Hashrate Will Drop Before The Merge: Vitalik Buterin

Miners are selling their hash power in advance of the merge. Hash rate is a measure of the computational power used to mine a cryptocurrency. The price of ETH has been on a bull run lately but fell sharply today. According to Ethereum`s founder, Vitalik Buterin, it Looks like the “hash rate will drop weeks before the merge due to miners rushing to sell ahead of everyone else” thesis has been proven completely false. Miners are apparently selling their hash power in advance of the planned Ethereum hard fork, according to reports. The hash rate has been decreasing ahead of

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$69B-out-of-the-crypto-market-cap-in-the-past-24-hours
$69B out of the crypto market cap in the past 24 hours

$69 billion was lost in the cryptocurrency market within a single day. Bitcoin prices plummeted by nine percent, hovering around the $20,300 mark. S&P 500 is down over four percent from last week. According to reports, the cryptocurrency market has seen $69 billion of its value wiped out in 24 hours alone as leading cryptocurrencies continue an almost week-long sell-off. Bitcoin dropped by nine percent to around $20,300, its lowest price since July 2021, while Ether dropped six percent to $1,611 its lowest price since late July. Bitcoin has also been compared to “digital gold,” a potential safe-haven asset and

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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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Ethereum Now Has 27K Blocks Left Before The Merge
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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