Ethereum Financial News

 

Bitcoin and other crypto tokens extended their losses on Monday. Crypto assets continue to remain under pressure over the global macroeconomic environment. Barring the USD Coin, XRP and Polkadot, all top crypto tokens were trading in the red on Monday. Solana and Shiba Inu plunged 3 per cent each. Cardano, Polkadot, Polygon and Avalanche shed 2 per cent each. The global cryptocurrency market cap was trading marginally lower at $926.12 billion, dropping about a per cent in the last 24 hours. However, the total trading volume jumped almost 3 per cent, close to $54.33 billion.Global UpdatesBitcoin miner Iris Energy signed a deal to sell up to $100 million in equity to investment bank B Riley over the next two years, marking the bank's second big investment in the industry that is facing serious market headwinds.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

With the current liquidity provided at its February level, new data from the on-chain analytics platform, IntoTheBlock, revealed a consistent decline in key ecosystem metrics on Curve Finance. 

It’s been nearly two weeks since Ethereum made its historic transition from proof-of-work to proof-of-stake, and some ex-ETH miners say they remain clueless on how to move forward. 

Since the founding of Ethereum in 2015, an animating question that plagued the community was answered at exactly 06:42:59 UTC on Thursday, Sept. 15, 2022.

Michael J. Burry, the financial wizard who was portrayed in the movie "The Big Short", is known for predicting crises. For instance, his investment fund made billions from the 2008 housing crash, and Burry liquidated almost all his entire portfolio during the 2Q of 2022.

The United Kingdom is in focus following the British pound’s fall to a new all-time low against the United States dollar. The sell-off was triggered by the aggressive tax cuts announced by Prime Minister Liz Truss’s government. The 10-year gilt yields have soared by 131 basis points in September, on track for its biggest monthly increase since 1957, according to Reuters.

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Ethereum L2s have experienced a resurgence after overcoming past bottoms. Arbitrum is heading this charge after the launch of the Nitro upgrade in September despite a hacking scare.

Since graphics cards can no longer be used to mine a cryptocurrency, Ethereum’s long-awaited switch to proof-of-stake has had an even greater impact on the industry.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Ethereum, the largest altcoin underwent the much-anticipated Merge that saw it transition into a Proof-of-Stake (PoS) consensus. Well, the mechanism has changed, but ETH continues to give mixed signals to traders.

Charles Hoskinson, the founder of Cardano and co-founder of Ethereum blockchain, got into a war of words with Ethereum developers on the implementation of proof-of-stake (PoS) consensus via Merge.

According to LunarCrush’s new report published on 24 September, Dogecoin has been showing extreme growth in its social media department.

Much like the Ethereum Merge, the successful Cardano Vasil hard fork upgrade has not yet sparked significant gains in the days since it went live.

As the Ethereum network’s move to a proof-of-stake (PoS) consensus mechanism drives adoption from institutional investors, the prices for graphics processing units (GPUs), often used for mining cryptocurrencies like Ether (ETH), have gone down in China. 

The Ethereum network's transaction prices (known as gas fees) have declined significantly since 2021, according to The Block.

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Stanford University researchers have come up with a prototype for “reversible transactions” on Ethereum, arguing it could be a solution to reduce the impact of crypto theft.