ether merge – pressnews

Ether Outlook Darkens in Charts Capturing Hangover After the Merge

20Sep

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Technology

Ether Outlook Darkens in Charts Capturing Hangover After the Merge

[ad_1] The fanfare over a revamp of the Ethereum blockchain is still echoing across the cryptoverse but that’s doing little to stem a slide in Ether. The fanfare over a revamp of the Ethereum blockchain is still echoing across the cryptoverse but that's doing little to stem a slide in Ether.The network's native token is down 10% since the most commercially important digital ledger last week implemented an upgrade to slash energy use. The second-largest virtual coin had rallied from mid-June on hype around the software update known as the Merge, but that's fizzling now the shift is done. It's down some 63% this year, a bruising period for cryptocurrencies. Crypto and many other assets are also quivering ahead of what's likely ...

Ether Miners Are Piling Up Losses As ‘Merge’ Shifts Them to Altcoins

17Sep

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Technology

Ether Miners Are Piling Up Losses As ‘Merge’ Shifts Them to Altcoins

[ad_1] Ether miners are piling up losses after shifting to lower value cryptocurrencies such as Ethereum Classic and Ravencoin, in the wake of an Ethereum network upgrade that rendered much of their operations obsolete. Ether miners are piling up losses after shifting to lower value cryptocurrencies such as Ethereum Classic and Ravencoin, in the wake of an Ethereum network upgrade that rendered much of their operations obsolete. The upgrade, known as the ‘Merge', replaced powerful graphic cards used by Ether miners with investors who stake Ether, in order to secure the Ethereum network and validate transaction data encrypted by the blockchain. The tokens that the miners are now seeking to mine still operate under Ethereu...

Ethereum Faces ‘Blockchain Trilemma’ When ‘Merge’ Mania Cools

16Sep

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Technology

Ethereum Faces ‘Blockchain Trilemma’ When ‘Merge’ Mania Cools

[ad_1] After much celebration over the successful transition of Ethereum, the question remains what’s next for the most commercially-significant crypto project. After much celebration over the successful transition of Ethereum, the question remains what's next for the most commercially-significant crypto project. The long-awaited software revision, termed the Merge, shifted the blockchain from a so-called proof-of-work system to a more energy efficient proof-of-stake method for securing the network. There was no changes related to network transaction costs or speed, which are common gripes among Ethereum users.Completing the upgrade without any software downtime is a brilliant engineering feat, said Harsh Rajat, the Mumbai-ba...

Bitcoin Price Lingers Near $20000; Ether Extends Slide Before ‘Merge’

15Sep

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Technology

Bitcoin Price Lingers Near $20000; Ether Extends Slide Before ‘Merge’

[ad_1] Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Bitcoin price fell about 1.5%to $19,937 as of 4:14 p.m. in New York after a near-10% plunge on Tuesday. Ether, the native token of Ethereum, decline for a third day, dropping about 1% to $1,597. Stocks, bonds and digital tokens plunged Tuesday after rising US inflation data pointed to further large Federal Reserve interest-rate hikes. The Fed has no alternative but to “pump the brakes, tighten financial conditions, ratchet real yields higher and that's ju...

Bitcoin Lingers Near $20,000; Ether Extends Drop Before ‘Merge’

14Sep

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Technology

Bitcoin Lingers Near $20,000; Ether Extends Drop Before ‘Merge’

[ad_1] Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Bitcoin was down less than 1% to $20,140 as of 10:27 a.m. in New York after a near-10% plunge on Tuesday. Ether, the native token of Ethereum, decline for a third day, dropping about 1% to $1,590. Stocks, bonds and digital tokens plunged Tuesday after rising US inflation data pointed to further large Federal Reserve interest-rate hikes. The Fed has no alternative but to “pump the brakes, tighten financial conditions, ratchet real yields higher and that's ...

Crypto Traders Hedge Against Ether Disappointment Ahead of Merge

14Sep

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Technology

Crypto Traders Hedge Against Ether Disappointment Ahead of Merge

[ad_1] More crypto traders are shorting Ether in the derivatives market, as the underlying blockchain is scheduled to go through its biggest technical upgrade this week, trading data shows. More crypto traders are shorting Ether in the derivatives market, as the underlying blockchain is scheduled to go through its biggest technical upgrade this week, trading data shows. The funding rates of Bitcoin and Ether perpetual futures contracts diverged sharply over the past weekend, according to crypto data firm Kaiko. The funding rate for Ether dipped to its most negative since July 2021. Exchanges use the funding rate -- or the cost to trade -- to tether the contracts to their underlying spot price. When the rate is positive, th...