September 19, 2022

Does the Ethereum Merge offer a new destination for institutional investors?

September 19, 2022 boss

Last week’s Merge was the “most significant development in the history of the Ethereum network,” according to Fidelity Digital. And from a purely technical standpoint, the blockchain network’s transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism was a marvel. Widely compared to changing a jet engine mid-flight, the software upgrade proceeded with nary a glitch on Sept. 15. Overnight, too, Ethereum, the world’s second-largest blockchain platform, reduced its energy usage by 99.95% from a rate as high as 94 TWh per year in May — roughly equivalent…

BTC, ETH Hit Multi-Month Lows to Start the Week – Market Updates Bitcoin News

September 19, 2022 boss

On Monday, bitcoin fell to its lowest level since June, as sentiment in cryptocurrency markets remains bearish. The token has fallen lower in consecutive sessions following last week’s U.S. inflation report, and the fall comes ahead of the upcoming U.S. Federal Open Market Committee meeting. Ethereum was also down, hitting a multi-month low of its own. Bitcoin Bitcoin (BTC) fell to a four-month low to start the week, as bearish sentiment remains high in crypto markets. BTC/USD slipped to an intraday low of $18,390.32 earlier in the day, which comes…

Solana outperforms Ethereum in daily transactions in Q2: Nansen report

September 19, 2022 boss

Hype does not always equate to greater adoption, as the on-chain data from the second quarter of 2022 shows Solana (SOL) surpassing Ethereum in users’ daily transactions despite various drawbacks from both macroeconomic conditions and network outages. Throughout the second quarter, Solana’s daily transactions consistently increased, ending with more than 40 million daily transactions compared to Ethereum’s 1 million daily transactions between April and June, confirmed Nansen’s State of the Quarter Report. Solana vs. Ethereum daily transaction data. Source: Nansen Solana’s significant increase in daily transactions was observed on daily non-vote…

Cryptocurrency Continues to Enter The Mainstream, But Education Remains a Barrier

September 19, 2022 boss

Cryptocurrency was designed to empower people by giving back their financial power and allowing them to avoid relying on governments and banks. Since its infancy, cryptocurrency has disrupted traditional financial services, including governments, central banks, and venture capitalists. Cryptocurrency is generally decentralized in nature, meaning any single person or entity does not control it. The technology’s decentralized nature has allowed it to revolutionize the finance world through its unparalleled transparency, immutability, and security. As a result, it is rapidly making its way into the mainstream. As it continues to evolve,…

African Crypto Exchange Yellow Card Closes $40M Series B

September 19, 2022

CryptoX – Cryptocurrency Analysis and News Portal Polychain Capital led the round, which comes less than a year after the Series A. Original Source The post African Crypto Exchange Yellow Card Closes $40M Series B appeared first on CryptoX. CryptoX Portal

Goldman’s Bullish Stance on ‘Real Bond Yield’ Spells Bad News For Cyrpto

September 19, 2022

The U.S. inflation-indexed bond yield has surged by 100 basis points (bps) since early August, causing renewed jitters in risk assets, including cryptocurrencies. And to the dismay of bitcoin (BTC) bulls, the so-called real yield is likely to rise even further in the coming months. Source

Bitcoin Miner Bitfarms Starts Production in Argentina, Increases Hashrate to 4.1 EH/s

September 19, 2022 boss

“With attractive electricity pricing established last year under an 8-year private party power contract, both facilities are expected to lower overall energy costs for our portfolio, despite rising commodity costs in the energy market,” Geoff Morphy, President and COO of Bitfarms, said in the press release. Original

Eth.link Restored After Ethereum Name Service Wins Injunction Against GoDaddy

September 19, 2022

In a complaint filed against GoDaddy in the U.S. District Court for the District of Arizona, said the eth.link registration was set to expire on July 26, 2023. But in August this year, GoDaddy had incorrectly announced it had expired on July 26, 2022, the filing said. Source

Bitcoin, Ethereum crash continues as US 10-year Treasury yield surpasses June high

September 19, 2022 boss

Bitcoin (BTC) and Ethereum’s native token, Ether (ETH), started the week on a depressive note as investors braced themselves for a flurry of rate hike decisions from central banks, including the U.S. Federal Reserve and Bank of England. Bitcoin price fails to hold $20,000 On Sept. 19, BTC’s price failed to regain the $20,000 psychological support zone. The BTC/USD pair slipped by 6.5% to around $18,250, while ETH dropped 4% to approximately $1,280. Their gloomy performance came as a part of a broader decline that started in mid-August, wherein BTC…

Crypto vs Stock Market | Crypto News Today | Stock vs Cryptocurrency

September 19, 2022

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