At 2:45 pm on September 15th, the consensus mechanism of Ethereum transitioned from Proof of Work (PoW) to Proof of Stake (PoS), and the historic feat of “merger” that the cryptocurrency community had been waiting for for more than 5 years was finally successfully completed. . After achieving this great technical feat, the core developers …
A South Korean court has issued an arrest warrant for Do Kwon, the co-founder of now-defunct stablecoin issuer Terraform Labs, according to Bloomberg. The Seoul court issued arrest warrants for Do Kwon and five others, according to a briefing from the prosecutor’s office, the report added. According to the Chosun Ilbo, founding member of Terraform …
The number of wallets holding more than 1,000 ether has surged to a 15-month high as the ethereum merger upgrade looms. This may be a bullish signal for Ethereum, as the first phase of the merger upgrade has been launched on September 6, and the second phase is expected to be launched around September 15. …
A surge in wallets holding 1k ETH! Ethereum ‘bullish signal’ ahead of merger? Read More »
The much-anticipated Ethereum Merge (The Merge) will be carried out in two stages. The “Bellatrix” consensus layer will be upgraded first at around 7:30 p.m. today (6), and then the “Paris” execution layer will be upgraded. According to Ethernodes data, 73.5% of Ethereum nodes are currently ready and waiting for the merger upgrade to arrive. …
Ethereum Bellatrix upgrade is tonight! Buterin: Merger expected September 13-15 Read More »
Ether has surged more than 100 percent since bottoming out in mid-June, as investors anticipate a major upgrade to the ethereum blockchain that will push ether to outperform bitcoin. Bitcoin hit a low of $17,601 on June 19 and was up about 29 percent at $22,783.29 as of Friday, according to CoinDesk data. In contrast, …
As Ethereum’s merger upgrade (The Merge) looms, Ethereum is one step closer to challenging Bitcoin. Of course, this doesn’t mean ether’s market cap or price surpassing bitcoin’s, but ether’s option trade open interest surpassing bitcoin’s. Activity in ETH options has blossomed as Ethereum nears its merge date. The open interest in #ETH options has reached …
After sleeping for 3 years, an “old giant whale” who participated in the ICO of Ethereum in 2014 and obtained about 150,000 ethers made a big move on August 14, transferring 145,000 ethers. At the time of the merger and upgrade of Ethereum, the move immediately aroused the curiosity of the cryptocurrency community. Some people …
After Tornado Cash was sanctioned by the United States, its users rushed to get their funds back. According to The Block Research, users have withdrawn $62 million from the protocol, with $14.7 million being withdrawn in the first three hours alone, and the amount of cryptocurrencies held in Tornado Cash wallet addresses has dropped by …
Ethereum’s public testnet, Goerli, has completed its merger and moved to a “Proof of Stake” (PoS) mechanism for the final rehearsal for the merger (The Merge) with the beacon chain after the Ethereum mainnet. Next, the development team will shift its focus to the Ethereum mainnet, which is expected to be officially implemented in September. …
Ethereum developers are expected to focus on improving the scalability of the network following the implementation of the much-anticipated merge upgrade (The Merge) in September. Ethereum co-founder Vitalik Buterin said recently that with the growth of network efficiency and the improvement of Rollup technology in the future, the transaction cost of Ethereum Layer 2 is …
