Cryptocurrency Analysis and News Portal
Right now, most people think the blockchain industry is simply about cryptocurrencies without realizing the massive value the underlying technology has to offer. Blockchain technology adoption is growing significantly, as businesses and enterprises begin to acknowledge its disruptive and transformational potential. This growth shows no sign of stopping, with the
Read MoreRecently, the market has seen a strong correction due to the Bitcoin price bull run of the past several days. On December
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Ethereum's blockchain Merge is expected to take place around 05:05 UTC on Sept. 15. It is a milestone that marks a full transition towards Proof-of-Stake (PoS) for Ethereum, and eliminates the need for energy-intensive mining by a projected 99.9% when compared to Proof of Work (PoW).Some miners are also getting
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Analyst Chase White said in a note to clients that IREN has potential to boost its contracted hash rate – and thus increase its bitcoin production – if the company can secure additional compute power at low cost, as it did with Bitmain in August. Source
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The listing of ETHPOW (ETHW) across multiple crypto exchanges has been followed by a huge drop in price despite some initial success. ETHPOW drops 80% On the daily chart, ETHW's price dropped by more than 80% to $25 on Sept. 10, over a month after its market debut.ETHW/USD daily price chart. Source:
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The International Monetary Fund (IMF) published a report stating that crypto assets have gained a “more mainstream presence as speculative investments, hedges against weak currencies, and potential payment instruments.” The IMF has called for a global response to crypto regulation that is coordinated, consistent, and comprehensive. IMF Officials on Crypto Regulation,
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The value for ETHPOW tokens suggested by futures basis is significantly lower than the price at which IOUs representing the token are currently trading on exchanges MEXC, CoinW, Phemex, Bitrue, and Gate.io. At press time, the ETHPOW IOUs traded at $50, according to CoinMarketCap data. Prices reached as high as
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Cryptocurrency exchange Coinbase has updated its information related to Ethereum transitioning to proof-of-stake to include forks that could arise.In a Thursday update to an Aug. 16 blog post, Coinbase said it would evaluate any potential forks in the Ethereum blockchain on a “case by case basis.” The crypto exchange previously
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“Should an ETH PoW fork arise following The Merge, this
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By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Whilst Bitcoin lacks volatility so far this week, remaining around $21,300, institutional interest is ‘massive’ according to
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