Tag: ethereum price

Why Crypto Is Watching Ethereum’s ‘Shanghai’ Upgrade
10Apr By adminNo Comments
Technology

Why Crypto Is Watching Ethereum’s ‘Shanghai’ Upgrade

[ad_1] The Ethereum network is set to undergo a technical revamp on April 12 that will allow users to withdraw tens of billions of dollars of its native token, Ether. Known as the “Shanghai” upgrade, it's a necessary step after the world's most commercially important crypto platform shifted to a less power-hungry process for ordering transactions. Investors burned by recent turmoil in crypto markets will be wondering if, presented with their first opportunity to withdraw their tokens, some Ether holders will run for the hills. 1. What is Ethereum?It's a computer network that hosts what are known as smart contracts — self-executing software agreements in which a chain of actions can flow from defined conditions and contingencies. Since it was introduced by crypto entrepreneur Vitalik But...
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Ether Outlook Darkens in Charts Capturing Hangover After the Merge
20Sep By adminNo Comments
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 ...
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Ether Miners Are Piling Up Losses As ‘Merge’ Shifts Them to Altcoins
17Sep By adminNo Comments
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...
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Ethereum Faces ‘Blockchain Trilemma’ When ‘Merge’ Mania Cools
16Sep By adminNo Comments
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...
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Ether Price Falls as Ethereum Revamp Turns Into ‘Sell-the-News’ Event
16Sep By adminNo Comments
Technology

Ether Price Falls as Ethereum Revamp Turns Into ‘Sell-the-News’ Event

[ad_1] Ether led digital assets lower after a groundbreaking software upgrade of the token’s underlying network turned into what some market observers labeled a “sell-the-news” event. Ether led digital assets lower after a groundbreaking software upgrade of the token's underlying network turned into what some market observers labeled a “sell-the-news” event. The second-largest token dropped as much as 3% on Friday and was trading around $1,475 as of 8:33 a.m. in Tokyo following a more than 6% slide Thursday. Ether is paring a rally since mid-June sparked in part by optimism about the Ethereum update -- the Merge -- to slash the network's energy use. “Now the excitement around the Merge is done, and we don't have a cataly...
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Bitcoin Price Lingers Near $20000; Ether Extends Slide Before ‘Merge’
15Sep By adminNo Comments
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...
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Ether Could Drop to $1,000 or Below, Chart Shows
3Sep By adminNo Comments
Technology

Ether Could Drop to $1,000 or Below, Chart Shows

[ad_1] Ether may drop to $1,000 for the first time in two months, with volatile price swings in the second-largest cryptocurrency ahead of its much-anticipated Merge upgrade. Ether may drop to $1,000 for the first time in two months, with volatile price swings in the second-largest cryptocurrency ahead of its much-anticipated Merge upgrade. Technical indicators on momentum and price trends show that the token's tumble from a peak of about $2,000 in mid-August to the current zone near $1,500 is likely to continue.  “Ether has broken down below initial support from its 50-day moving average, increasing downside risk with short-term momentum now negative,” said Katie Stockton, co-founder of Fairlead Strategies, who added that “...
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