Ethereum Financial News

The alleged leader of what police believe to be a ethereum (ETH) mining scam masquerading as a bona fide “pool” has fled abroad.

The Ethereum Merge is one of the most anticipated events in the crypto space this year. Because of this, crypto firms are on the lookout for any hiccups that may occur as the newly upgraded Ethereum network comes to life. 

Bitcoin (BTC) may hold the most name-recognition in the cryptocurrency space, but that doesn’t necessarily mean it’s the most popular - in certain countries around Europe at least.

Ethereum Classic’s [ETC] hash rate grew substantially in the last three months. This was an expected outcome as Ethereum [ETH] shifts to Proof of Stake (PoS). Hence, many miners have opted to shift to ETC mining.

Cardano [ADA] is all set to launch its new Vasil hard fork this month. However, the blockchain also registered a commendable performance last week by gaining more than 5% in the last seven days.

Coinbase, the largest U.S.-based cryptocurrency exchange, is helping organize and pay the costs of a lawsuit against the U.S. Treasury Department over its sanctions on Tornado Cash. 

Crypto degens have wasted no time after the passing of Queen Elizabeth II, flooding the crypto market with more than 40 new Queen-related meme tokens, and hundreds of new nonfungible tokens (NFTs) in the same vein.

Polygon [MATIC] in a recent announcement dated 7 September, stated that their operations would be greener after the Ethereum [ETH] Merge.

Ethereum merge launch. The top crypto token, Bitcoin, raced past the $19,000 mark once again while other altcoins outperformed the token. Barring the US dollar Tether, all other tokens were trading with solid gains on Thursday. Avalanche rallied over 9 per cent, whereas Ethereum surged 8 per cent. BNB advanced 7 per cent, whereas Solana gained 6 per cent. The global cryptocurrency market cap was trading at the $975.93 billion mark, surging more than 4 per cent in the last 24 hours. However, the total trading volume dropped almost 20 per cent to $69.97 billion.Expert TakeThe first phase — the Bellatrix upgrade, of the much-awaited Ethereum Merge was completed this week. The move saw some upward movement for Ethereum, said Prashant Kumar, Founder and CEO, weTrade.

Bitcoin — dropped about 6 per cent to break below the $19,000 mark. Its biggest peer, Ethereum, slumped about 8 per cent. Barring the US dollar-pegged stablecoins, all other tokens were trading with deep cuts on Wednesday. Polygon and Polkadot tanked 9 per cent, whereas meme coins like Dogecoin and Shiba Inu tumbled 8 per cent. The global cryptocurrency market cap was trading sharply lower at $935.13 billion mark, dropping as much as 6 per cent in the last 24 hours. However, the total trading volume zoomed more than 32 per cent close to $87.05 billion.Tech view by BuyUcoin Crypto ExchangeEthereum classic surged on merge news. The excitement around the upcoming Ethereum merge is showing positive effects on Ethereum's classic price movement. The price of Ethereum Classic is up by almost 23 per cent and is very close to breaching the $40 mark.

Crypto research firm Delphi Digital has shifted the focus of its research and development (R&D) protocol arm Delphi Labs to the Cosmos ecosystem.

Major cryptocurrencies showed a mixed trend early on September 9 as the global crypto market cap rose 1.36 percent to $984.43 billion, over the last day. The total crypto market volume dropped 1.24 percent to $71.70 billion over the last 24 hours.

The crypto industry has seen more than a 26% reduction in weekly active developers over the last three months amid a prolonged market slump, the latest data shows. 

A new report released from CoinGecko uncovered the places around the world most interested in the upcoming Ethereum Merge. 

In this week's episode of Market Talks, we welcome Ray Salmond, head of markets at Cointelegraph.

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

 

Ethereum [ETH], the largest altcoin saw a major decline below the $1,600 support similar to Bitcoin [BTC]. ETH even dived below $1,550 before the bulls tried to take a stand but failed. Despite the lack of real fireworks in ETH, open interest in futures markets continues to see unprecedented levels.

As Ethereum is set to execute 'The Merge' between September 10 and 20, major crypto exchanges have begun to offer users the ability to stake their Ether.Binance, Coinbase, and Kraken have all announced Ether staking services, offering incentives to attract users to the service.

A recent report from the Ethereum Enterprise Alliance (EEA) highlights how the Ethereum ecosystem has matured to a point where the network can be used by businesses to solve real-world problems. From supply chain management use cases to payment solutions utilized by companies like Visa and PayPal, the report demonstrates how the Ethereum network has grown to become one of the most valued public blockchains. 

Bitcoin (BTC) could dive another 50% from current levels if the upcoming winter proves a major test for Europe.