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Algunos de esos mineros han recurrido a una bifurcación de Ethereum que todavía utiliza el sistema proof-of-work (PoW) para poder seguir minando. Pero hasta Chandler Guo, uno de los defensores más firmes de la bifurcación, cree que solo el 10% de los que usan PoW para minar ETHPOW (el token de la bifurcación de la fusión de Ethereum) o ETC (el token de ethereum classic) sobrevivirá en última instancia. Source
In this episode of NewsBTC’s daily technical analysis videos, we provide a weekly wrap up on Bitcoin price action and look ahead into what might be a critical weekend for crypto. VIDEO: Bitcoin Price Analysis (BTCUSD): September 16, 2022 Overall, there isn’t all that much more to report this week. Bitcoin is still struggling to maintain support and continues to creep lower and lower. We could get some sort of larger movement soon, however. The LMACD is close to crossing bearish on the daily. Sometimes, although the crossover looks all but…
On-chain data shows Bitcoin whales have continued to put selling pressure on the market as the price of the crypto now drops below $20k. Bitcoin Exchange Whale Ratio Has Spiked Up To High Values As pointed out by a post from CryptoQuant, the exchange inflows that followed the US CPI release lead to the price crashing 10% in only a couple of hours. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top 10 Bitcoin transactions to exchanges, to the total exchange inflows.…
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The European Central Bank, or ECB, has announced it will be collaborating with five companies for the development of potential digital euro user interfaces. In a Friday announcement, the ECB said it had chosen “Big Four” tech company Amazon, fintech firm Nexi, Spanish digital bank CaixaBank, French payments platform Worldline and the European Payments Initiative, or EPI, to each focus on developing a prototype based on specific use cases of the digital euro. According to the central bank, the firms will create front-end prototypes, which will not be used in…
NFTs are all the rage today. Among their multiple use cases, NFTs in games are one of the most popular utilities. Various industries, including games, music, sports, and more, are using NFTs for a wide range of purposes. NFTs can potentially change how users interact with each other within or outside the gaming world. Let’s find out how the top projects in the blockchain industry are leveraging NFTs and more about the Nine Chronicles NFT project. How is the Gaming Industry using NFTs? Game NFTs have multiple use cases. For…
Amid the initial buzz, some exchanges rushed to list a derivative of the potential blockchain’s would-be token, including crypto exchange Poloniex. Sun, an investor in Poloniex, became one of the loudest proponents of the proof-of-work fork of Ethereum, saying that it is a tried-and-tested system for the second largest blockchain. Source
Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoW) roughly five different crypto assets were the main beneficiaries of Ethereum’s former hashrate. However, 24 hours after The Merge, anonymous developers launched an Ethereum PoW fork called ETHW and the fork has managed to garner 60.92 terahash per second (TH/s) of hashpower. However, ETHW has lost a considerable amount of fiat value, dropping 90.72% from the crypto asset’s all-time high (ATH). The newly launched coin has shed over 39% in value during the past 24 hours. ETHW Chain Is Now Live,…
Equities markets are witnessing aggressive selling due to increasingly bearish macroeconomic factors, and this is adding sell pressure to Bitcoin and altcoin prices. The World Bank has warned of a possible global recession in 2023. In a press release on Sept. 15, the bank said that the current pace of rate hikes and policy decisions is unlikely to be enough to bring inflation down to pre-pandemic levels. Ray Dalio, the billionaire founder of Bridgewater Associates said in a blog post on Sept. 13 that if rates were to rise to about…