Ethereum and Its Forks Lose Massively as ETHPoW Drops 80%: Details

Gamza Khanzadaev  Ethereum is down 25%, Ethereum Classic is even worse, but Ethereum proof of work is an absolute loser  In the four days since Ethereum switched to the proof-of-stake consensus, Ethereum and all of its forks have fallen significantly. If ETH itself fell by more than 25%, ETC and ETHW showed even worse dynamics. Ethereum Classic was declining faster day by day and finished the week 3% lower than the main altcoin, while the fresh fork, ETHW, lost almost 80% in value in just four days.  The fall of all Ethereum cryptocurrencies was forecasted by many when the first day after the event followed the sell-off of the altcoin and the rise of Pangingibabaw ng Bitcoin. The situation was exacerbated by the simultaneous release of a number of negative news reports describing both the SECs harsh plans, represented by its head Gary Gensler, for PoS cryptocurrencies, and the fact that 40% of all Ethereum PoS nodes are controlled by only two entities after the Merge.  Failed forks  It seemed that Ethereum Classic, which was growing by 230% on the eve of the Merge, had a chance to survive if all the miners, left without ETH, switched to ETC. Nevertheless, as it turned out, no

2022-09-19Ethereum

Ethereum Reaches Oversold Region and Holds Above the Low of $1,281

The Ethereum price (ETH) is in a downtrend and has fallen to a low of $1,281 at the time of writing. The largest altcoin has reached bearish exhaustion after its decline from the resistance zone at $1,800. In its initial decline, Ether fell to a low of $1,406 on September 16.  Pangmatagalang pagsusuri ng presyo ng Ethereum: bearish  The cryptocurrency returned to the historical price level of August 28, which was breached after 48 hours. Today, ETH /USD fell to the low of $1,281 as the bulls bought the dips. The current decline has reached the oversold area of the market. Buyers will likely be attracted to the lower price levels. On the upside, Ether will regain an upward momentum if the current support holds. Buyers will try to push the altcoin to the previous high of $1,800.  Pagsusuri ng mga tagapagpahiwatig ng Ethereum  Ether is at level 34 of the Relative Strength Index for the period 14. The largest altcoin is approaching the oversold area of the market. The price bars are below the moving average lines as the market reaches bearish exhaustion. The altcoin is below the 20% range of the daily stochastic. Ether is trading in oversold territory as buyers are

2022-09-19Ethereum

Bitcoin Is More Centralized Than Ethereum, Implies Evan Van Ness

Arman Shirinyan  Confrontation between Ethereum and Bitcoin maxis sparked once again, and topic is decentralization  One of the biggest updates on the cryptocurrency market that made PoW on Ethereum obsolete has also sparked discussions about the problematic topic: which network is more decentralized at this point?  U.Today has recently covered the distribution of staked Ethereum on the network and the worrying picture it paints as the biggest holder of the coin on the network may not be as decentralized as it seems at first.  Source: BTC.com  The other large portion of staked Ethereum is held by centralized exchanges that hold around 30% if combined. However, Bitcoin maxis that paint the network as more decentralized have their own issues with the dominance of certain mining pools.  According to Van Ness, most blocks on Bitcoin have been mined by only two pools: Antpool and Foundry, which are the two biggest entities on the whole network. Seven hundred sixteen of the last Bitcoin blocks were built by four entities: Antpool, Foundry, F2 and Binance.  While distribution among Bitcoin mining pools may seem unequal, it certainly looks healthier than Ethereum. Most of the hashrate is redistributed among five entities: Antpool, Foundry, F2, Binance and ViaBTC. First place corresponds to 24% of

2022-09-19Ethereum

Ethereum PoW loses 200 WETH to Omni bridge vulnerability exploit

EthereumAng Ethereum PoW ay nawalan ng 200 WETH sa Omni bridge vulnerability exploit09 / 19 / 2022Balita ng Ethereum ng Bitcoin  A replay attack against Omni bridge resulted in a hacker exploiting 200 WETH from the Ethereum PoW chain.  On Sept. 18, security firm BlockSec identified a replay attack launched against the Ethereum PoW chain.  The attacker transferred 200 WETH from the Ethereum PoS chain through the Omni bridge. The transaction was reportedly replicated on the Ethereum PoW chain.  Omni bridge failed to validate the actual chainID before approving the transaction. As a result, the PoW chain was drained of 200 WETH.  Ayon sa security firm Certik, the attacker has transferred the funds through Mexc Global for possible cash out.  EthereumPoW is Safu  From the TX hash of the exploit, the ETHPoS at ETHPoW had different transaction data.  ETHW Core developers clarified that the replay attack was impossible against EthereumPoW as it enforced EIP-155.  By design, EIP-155 includes the chainID of a transaction to avoid replays of the transaction on different chains.  ETHW Core added that the attack exploited a contract vulnerability of the Omni bridge. The bridge has been informed to address the issue.  Slow adoption for ETHW  Since launching on Sept. 15. Ethereum PoW has not gathered much adoption from

2022-09-19Ethereum

Ethereums short-term support checked, whats next for ETH now

EthereumEthereum‘s short-term support checked, what’s next for ETH now09 / 19 / 2022Balita ng Ethereum ng Bitcoin  Ethereum [ETH] just concluded its most important week this year. ETH has unsurprisingly delivered a bearish performance after easing off the merge hype.  ETH on 18 September was down by roughly 20% after a brief stint above $1,700. Its $1431 press time price (on 18 September) was the result of post-merge sell pressure, as well as the bearish overall market conditions during the week.  The pullback led to a support restest near the $1430 price level where the price hovered at press time.  The price has already demonstrated some resistance along the same support level in the last three days. But can it sum up enough bullish pressure to not only balance out the selling pressure but also trigger a bullish pivot?  Some of ETH‘s metrics indicate an increased possibility that ETH might be headed for a bullish reversal this week. For example, demand in the derivatives market is recovering. ETH’s options and futures open interest metrics have pivoted, confirming a return of demand.  A similar pivot occurred the last time that ETH retested the current support level towards the end of August. This observation will likely contribute to

2022-09-19Ethereum

$400M in Liquidations as Ethereum (ETH) Slumps to 2-Month Lows

Ethereum$400M sa Liquidations habang Bumababa ang Ethereum (ETH) sa 2-Buwan na Mababang09 / 18 / 2022Balita ng Ethereum ng Bitcoin  The total value of liquidated positions on a 24-hour scale is on the rise again, touching $400 million.  This comes as the entire crypto market has turned red, with ETH leading the way following a violent 10% daily drop.  The price of Ethereum was already struggling following the long-anticipated Pagsamahin, as it seems Mark Cubans hula of being a sell-the-news event came to fruition.  The asset traded around $1,600 last Thursday when the Merge sa wakas naganap but began to freefall hours later.  It entered the weekend at around $1,450, but the past 12 hours brought a lot of pain to the bulls as ETH slumped below $1,300 for the first time since mid-July.  The rest of the market is in no better shape. Bitcoin spiked to just over $20,000 yesterday, but the primary crypto has taken a big hit as well and now struggles beneath $19,000.  Cardano, Polkadot, Shiba Inu, and Polygon have also dumped by up to 10% from the larger-cap altcoins.  The lower- and mid-cap alts suffer badly as well, with Uniswap, NEAR, Litecoin, and Chainlink charting double-digit losses.  The overall crypto market cap is down

2022-09-19Ethereum

Ethereum Price Nosedives, Why ETH Could Soon Test $1,200

EthereumMga Nosedive sa Presyo ng Ethereum, Bakit Malapit na Masubukan ng ETH ang $1,20009 / 18 / 2022Balita ng Ethereum ng Bitcoin  Ethereum declined sharply from the $1,500 resistance zone against the US Dollar. ETH is down over 10% and there could be more losses towards the $1,200 support.  Nagsimula ang Ethereum ng panibagong pagbaba pagkatapos nitong mabigong i-clear ang $1,500 resistance zone.  Ang presyo ay nakikipagkalakalan ngayon sa ibaba $ 1,400 at ang 100 oras-oras na simpleng paglipat ng average.  Mayroong isang pangunahing linya ng bearish trend na bumubuo na may pagtutol na malapit sa $ 1,360 sa oras-oras na tsart ng ETH / USD (data feed sa pamamagitan ng Kraken).  Ang pares ay maaaring mapabilis nang mas mababa sa ibaba ng $1,300 na support zone sa malapit na termino.  Ethereum Price Starts Fresh Drop  Ethereum failed to gain strength for a move above the $1,480 and $1,500 resistance levels. ETH formed a top near the $1,475 level and started a fresh decline.  Nagkaroon ng tuluy-tuloy na pagbaba sa ibaba ng $1,400 na antas at ang 100 oras-oras na simpleng moving average. Na-trade pa ang presyo sa ibaba ng $1,350 at $1,320 na antas ng suporta. Nagkaroon ng pagbaba sa humigit-kumulang 10% at ang presyo ay na-trade

2022-09-19Ethereum

Naglagay ang US ng Ibat ibang Sanction sa Hacking Group na Nakakonekta Sa IRGC

KabuhayanNaglagay ang US ng Ibat-ibang Sanction sa Hacking Group na Nakakonekta Sa IRGC09 / 18 / 2022Balita ng Ethereum ng Bitcoin  Maraming parusa ang ipinataw bilang resulta ng mga operasyon ng ransomware ng akusado sa isang kamakailang aksyon na ginawa ng Office of Foreign Assets Control (OFAC) ng US Department of the Treasury.  Sampung tao at dalawang shell organization na may kasaysayan ng pangingikil US ang mga kumpanya at tagapagbigay ng imprastraktura ay pinahintulutan, na ginagawang ilegal ang pagsasagawa ng anumang transaksyon sa kanila, sa bitcoin man o hindi.  Mula noong hindi bababa sa 2020, nangunguna sa mga pag-atake laban sa mga negosyo at mga gusali ng pamahalaan ang sinasabing mga kumpanya ng IRGC na Najee Technology at Afkar System. US at mga kaalyado nito sa Gitnang Silangan. Pagkatapos ng matagumpay na pagpasok sa mga IT system ng kanilang target, i-lock ng mga hacker ang mga lehitimong user at hihingi ng bitcoin ransom bilang kapalit ng mga decryption key.  Sa kabila ng katotohanan na ang mga pag-atake ng ransomware na ito ay hindi makakakuha ng mas maraming pansin kung tina-target lang nila ang mga maliliit na negosyo, kasama sa mga target ng hacker ang mahahalagang pampublikong organisasyon.  Pinalakas ng organisasyon ang mapaminsalang aktibidad nito mula

2022-09-19Industriya

Nabawasan ng ETH Merge ang Paggamit ng Elektrisidad sa Mundo Ng 0.2%

EthereumAng ETH Merge ay Bumaba ng Paggamit ng Elektrisidad sa Mundo Ng 0.2%09 / 18 / 2022Balita ng Ethereum ng Bitcoin  Ang pagsasanib ay ang Pinakamalaking Kaganapan ng Decarbonization Sa Kasaysayan  Presyo ng ETH sa oras ng pagsulat – $1,435.19  Bumaba ng 16% ang ETH sa nakalipas na pitong araw  Ito ay nakapagpapasiglang balita para sa pangkat ng mga taong Ethereum at sa mundo habang tinatapos ng organisasyon ang pagsasagawa ng isang converge upang ipakilala ang panahon ng Evidence of-Stake working model kaysa sa lumang Verification of-Work framework na nagpapatakbo sa organisasyon sa halos 10 taon.  Alinsunod sa isang nakaraang post sa Twitter ng sariling Vitalik Buterin ng Ethereum, ang pagbabago mula sa PoW patungong PoS ay nagpapahiwatig na ang Ethereum ay nakaapekto ng 0.2% na pagbaba sa paggamit ng kuryente sa buong mundo.  PoW Versus PoS Framework  Ayon sa pananaw ng kapitbahayan, ang isa pang post ng isa pang elemento ay ginagarantiyahan na ang Ethereum network ay nabawasan ang panloob na paggamit ng enerhiya nito nang humigit-kumulang 99.9%. Iyon ay isang napakalaking hakbang sa tamang direksyon sa paggawa ETH isa sa mga pinaka hindi nakakapinsala sa ecosystem cryptos.  Para sa paliwanag, mahalaga na ang pangunahing kaibahan sa pagitan ng PoW at PoS ay sa kung paano nakukuha

2022-09-19Ethereum

Binati ng Star Trek Star ang Ethereum sa kabila ng mga bagong sakit ng ulo

Tulad ng nabanggit ng maraming pag-aaral at, lalo na, ng mga analyst ng World Economic Forum, ang pag-update ay dapat magresulta sa isang 99.5% na pagbawas sa enerhiya na ginagamit para sa Ethereum pagmimina. Higit pa rito, ang katayuan ng ETH ay dapat na teoretikal na tumaas sa mga mata ng mga institusyonal na mamumuhunan na may mga limitasyon sa mga transaksyon sa PoW cryptocurrencies bilang resulta ng pagtanggi ng PoW.  Mga sariwang disbentaha ng Ethereum  Gayunpaman, sa kabila ng pangkalahatang paborableng epekto ng transition, ang inisyatiba ni Vitalik ay nakabuo din ng mga bagong isyu. Halimbawa, sa mga araw kasunod ng Setyembre 15, ipinahayag na dalawang address lamang ang kumokontrol sa higit sa 40% ng mga PoS node sa Ethereum network, na nagpapataas ng mga alalahanin tungkol sa desentralisasyon ng blockchain noong panahong iyon.  Dahil sa kasalukuyang klima sa industriya ng crypto, nagmula ang ibang isyu kung saan maaaring inaasahan mo ito. May kinalaman ito sa sinabi ni SEC Chairman Gary Gensler na ang ETH, na ngayon ay tumatakbo sa PoS, ay maaaring ituring na isang seguridad.  Ipinaliwanag ng opisyal ang pinagkasunduan ng PoS sa pamamagitan ng pagsasabi na ang kita ng pera sa pamamagitan ng staking ng mga cryptocurrencies ay nakakatugon sa

2022-09-19Ethereum
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