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Ether (ETH), the second-largest cryptocurrency by market capitalization, has seen a constant decline in exchange supply over the past six months post-Merge. The Ethereum network underwent a major upgrade in September 2022, moving from a proof-of-work (PoW) to a proof-of-stake (PoS) network in an event called the Merge.According to on-chain data
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The combination would create the country’s largest cryptocurrency exchange. Source
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Ethereum’s year was marked by reductions to energy costs and improved scalability, but it was also racked by hacks and “censorship.” Source
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“In the trilemma of scalability, decentralization and security, we focus on decentralization,” Stefan George, the co-founder and chief technology officer at Gnosis, told CoinDesk. “Contrary to many ‘Ethereum killers,’ which favor scalability over decentralization, cheap blockspace is a commodity whereas decentralized blockspace is a scarce resource.” Original Source
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Cryptocurrency exchange Huobi has said rumours that it will merge with Poloniex are "categorically untrue." Original Source
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The firm added that when using Infura, which is the default remote procedure call (RPC) provider, on digital wallet MetaMask, Infura will collect the user's IP address and Ethereum wallet address for transactions. RPC is a protocol for requesting data and information from a program running on a third-party computer
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“Recently, the liquid staking protocol also had to increase rebasing oracle limits from 10% to 17.5% to let the increased rewards flow to stETH token holders,” analysts at Delphi Digital said in a Friday note. Rebasing, or elastic, tokens are cryptocurrencies that automatically adjust supply levels to maintain a constant
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The Merge forced miners to shift to alternative GPU mineable cryptocurrencies, a newly forked version or dump or sell their equipment at a low price. Shift to alternative GPU mineable cryptocurrencies One of the direct effects of the Merge includes miners turning to the Ethereum fork, Ethereum Classic (ETC),
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Over a month later, fewer than 20% of Ethereum miners, or 200 terahash (TH), a measure of computing power, “were able to find a new home in crypto mining, while also suffering from a significant decrease in margins,” said Ethan Vera, chief operations officer at mining services company Luxor. Source
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The annual supply rate of Ether (ETH) slipped below zero for the first time since Ethereum’s transition to proof-of-stake via the Merge in September. The reason? A spike in on-chain activity amid a massive cryptocurrency market crash. Ether turns deflationary for realAs of Nov. 9, more Ether tokens are being burned than
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