Ethereum developers successfully conduct the Merge upgrade on the Sepolia public testnet. However, they still encountered minor hiccups during the launch.
The launch of Bitmain AntMiner E9 comes a year after the announcement. Also, the launch comes just before Ethereum’s move to the Proof-of-Stake blockchain raising doubts over its future sales.
The mini-rally recorded in the last 24 hours is believed to have been caused by the positive movement in Total Value Locked across Ethereum as well as improved on-chain activities.
Ever since Bitcoin price dropped to current levels of around $20k, miners are rewarded approximately $120,000 per successful mined block.
Ethereum gas fee plummets as NFT sales and DeFi activity on the platform are on a sharp decline over the last two months.
The Ethereum Foundation (EF) has announced its plans to shut down three of its major testnets after the much anticipated “The Merge” event that will transition the protocol fully to a Proof-of-Stake (PoS) model.
New predictions from Hayes are in line with that of many analysts who think prices could fall further if prices reach the $20k support.
Curbing the inflationary growth can indirectly ease off the pressure on the stock market, which is bound to translate to Bitcoin and the hoard of tradable altcoins.
Recently, Goldman Sachs has teamed up with Coinbase to come out with the first crypto-backed loan.
Despite the bearish market, Mike Novogratz believes the prices will not fall much further.
Wintermute warned that hacker(s) have a week to consider being a whitehat. The crypto market marker threatened to track all responsible for the hack after the one-week grace period.
With this success, Ethereum developers will now gear to implement The Merge upgrade ahead this year in August 2022. The developers are still working on some minor bugs and will monitor the Ropsten network performance over the next few weeks.
The Ropstem Merge upgrade shall be a critical step to check whether the client software on the Ethereum nodes perform normally and without any bugs.
Bitcoin miner Hive said that it has grown its hashrate by 8% during the month of May and mined 273.4 Bitcoins last month.
With several tech experts joining hands against crypto, Vitalik Buterin said that it pains to see that the crypto industry has turned so adversarial in the last decade.