The replay attack and some other factors are contributing to the downward spiral of the ETHW token.
The news of the attack has resulted in the price of the token plunging to thirty-five percent of its initial value.
The crypto market continues unimpressive performance as Bitcoin consolidates below $20k and Ether dips further following post Merge sell-off.
Over time, the SEC has warned that firms offering crypto-lending products must register with the Commission.
Both ByBit and FTX are offering ETHW trading following the successful Ethereum Merge, even as the network is preparing for a hard fork.
Some social media users have warned about interacting with EthereumPow citing chances of replay attacks as well as the possible volatility around the cryptocurrency’s value.
VanityBlocks are in no way a cheap means to mint an NFT as the team had to pay nearly $50,000 to mint an NFT on the last block of Ethereum PoW.
The leading mining pool on Ethereum, Ethermine, has become the largest mining pool on Ethereum Classic after the Merge.
There are now a lot of expectations from the wider Ethereum community as many will now look to test out the capabilities of the new Proof-of-Stake protocol.
ETHW will continue to use the PoW mechanism, providing a way for crypto miners to continue to put their mining rigs to use.
The Merge is only one part of a series of scheduled Ethereum software upgrades.
Despite more than a few concerns, the Ethereum Merge is expected to revolutionize the network with far-reaching positive ramifications.
New US inflation levels have pushed BTC and ETH prices downwards below $21,000 and $1,600 respectively.
The PoW mainnet will launch within the first 24 hours after The Merge.
While CME is launching its ETH options trading, the short ETH calls in the derivatives market have picked up significantly as traders are hedging the spot calls.