Pinakabagong Balita sa Crypto at Market Updates

Chainlink will not support Ethereums Proof of Work - BitcoinEthereumNews.com

Chainlink has anounced that it will no longer support Proof of Work　　Ang Chainlink protocol anounced that after the Ethereum Merge, which is expected to see a shift from the consensus system of Proof of Work to the more sustainable Proof of Stake, it will no longer support the old system.　　Chainlink is a protocol that allows smart contracts to interact with data outside the blockchain, through a complex network of nodes and by retrieving – and conecting – data from any type of API.　　A company note reads:　　“The Chainlink protocol and its services will remain operational on the Ethereum blockchain during and after the Merge to the PoS consensus layer. Users should be aware that forked versions of the Ethereum blockchain, including PoW forks, will not be supported by the Chainlink protocol”.　　The company also urged developers who are not ready to adapt to the new system to suspend their activities to avoid unpleasant disruptions and unforeseen events.　　Then again, many doubts still exist around this major update, expected to see its final launch on 19 September, even among the komunidad ng Ethereum mismo.　　Some predict that the two systems could coexist for much longer, which will make the network less secure and more susceptible

2022-08-09Ethereum

Ethereums [ETH] latest debate focuses on PoW v. PoS with players choosing sides - BitcoinEthereumNews.com

EthereumAng pinakabagong debate ng Ethereum [ETH] ay nakatuon sa PoW v. PoS sa mga manlalaro na pumipili ng panig08 / 08 / 2022Balita ng Ethereum ng Bitcoin　　Pagsamahin ang Ethereum, by far the market‘s most-anticipated event, will soon take place (potentially in September). As expected, excited ETH supporters remain bullish as it would improve the network’s efficiency and reduce its environmental impact.　　Now, with the transition looming in the near future, many major players have planed their next moves.　　Ano ang iyong kunin？　　Ang paglipat mula sa Proof-of-Work (PoW) sa Proof-of-Stake (PoS) would merge ETH‘s main mainet with the Beacon Chain. In doing so, it will complete the process and eliminate miners’ involvement here.　　Obviously, not everyone seems to see eye-to-eye, especially ETH miners. Chandler Guo, a prominent Chinese crypto-miner led this debate recently. Guo kinuha sa Twitter last week and anounced that he would fork the Ethereum blockchain to “ETH POW.”　　To support this, the not-yet-born Ethereum PoW version even has a website called ethereumpow.org.　　Now, the aforementioned initiative gained traction as it got support from renowned crypto-exchanges. Starting with Huobi, the team in an 8 August blog post ipinahayag,　　“As long as the ETH forked assets meet our security requirements, we will take the first move

2022-08-09Ethereum

Ethereum Crosses $1,700, But Could Return To Path Of Pain, Expert Says - BitcoinEthereumNews.com

EthereumEthereum Crosses $1,700, But Could Return To Path Of Pain, Expert Says08 / 08 / 2022Balita ng Ethereum ng Bitcoin　　Ethereum (ETH) took off over the weekend and has extended its gains during todays trading session. The second crypto by market cap could extend its gains, as “The Merge” becomes a certainty.　　The event that will complete Ethereums transition from a Proof-of-Work (PoW) to a Proo-of-Stake (PoS) consensus algorithm, “The Merge” has been set for September 2022. One of the most expected dates in the crypto industry, market participants seem divided on its short-term implications.　　At the time of writing, ETH‘s price trades at $1,770 with 3% and 5% profits over the last 24 hours and 7 days, respectively. As NewsBTC iniulat, $1,700 was a critical resistance zone for Ethereum as this level could provide more clues into ETH’s price direction.　　If the cryptocurrency manages to flip this resistance level into support, the current bullish momentum might be sustainable and trigger a fresh bull run. The opposite might happen at ETHs price current levels, the market could see a bear assault with new strength.　　The above is based on an idea from Jarvis Labs looking at Ethereums 30-day returns, a metric used to measure the

2022-08-09Ethereum

Ethereum-Based Mixer Tornado Cash Sanctioned by U.S. Government - BitcoinEthereumNews.com

Alex Dovbnya　　The action has prohibited U.S. investors from interacting with the controversial service　　Popular Ethereum-based coin mixing service Tornado Cash ay nabigyan ng sanction by the U.S. Department of the Treasury, according to a Monday anouncement. A slew of associated cryptocurrency addresses have also been added to the blacklist.　　The move shows that American authorities are determined to go after different parts of the crypto supply chain that are used for nefarious activities.　　In May, the U.S. government sanctioned Blender, another coin mixing service, for allegedly helping North Korea launder some of the funds stolen from Axie Infinity.　　Coin mixing services are used to obscure the origin of particular transactions, which makes them a hotbed for money laundering.　　After gaining significant popularity, the decentralized coin mixer became a go-to tool for covering the tracks of nefarious actors. In March, one of the founders of Tornado Cash opined that it was “technically impossible” to enforce sanctions against the controversial coin mixer.　　According to U.S. officials, more than $7 billion worth of digital assets has been laundered with the help of Tornado Cash since 2019. The mixing service was used by Lazarus Group, a North Korea-run hacking collective, for laundering hundreds of millions of dollars worth of funds

2022-08-09Ethereum

Vitalik Buterin minimiza el impacto de nuevas bifurcaciones de Ethereum tras la fusión - BitcoinEthereumNews.com

El próximo mes, la blockchain planea cambiar a un mecanismo de consenso proof-of-stake (PoS), un evento conocido como fusión o merge, en una acción que los desarrolladores dicen la volverá menos costosa, más rápida y amigable con el medio ambiente. El paso desde un sistema proof-of-work (PoW) terminará con una fuente de ingresos para los mineros de ether, quienes son recompensados con tokens por sus esfuerzos. Los mineros produjeron más de $620 millones en ether solo en julio, según muestran los datos. El fundador de Tron, Justin Sun, se ha convertido en uno de los inversores más destacados que sinusuportahan nila isang tinidor de la red para mantener el sistema de recompensas por minado.

2022-08-09Ethereum

Capitalization of ETH surpasses many banks - BitcoinEthereumNews.com

Ethereum outperforms Wells Fargo, Morgan Stanley, Visa and HSBC in terms of capitalization　　pagkatapos gaining 50% over the past three weeks, Ethereum‘s capitalization has surpassed that of banking giants such as Wells Fargo, Morgan Stanley, HSBC, Makita, and Bank of China. Ethereum’s capitalization has again surpassed $ 200 bilyon, surpassing that of many international banks and putting it on track to overtake another major Chinese bank, the Industrial and Commercial Bank of China (ICBC).　　The big rises in recent weeks have seen all major cryptocurrencies recover to a small degree the major declines of the early part of the year. This positive sentiment is also confirmed by looking at the staggering increases in daily trading volumes, up 15% to more than $30 billion. 　　ETH alone is reported to have grown by nearly 80% since June, gaining $990 from its lows and again surpassing the $1,700 mark. the trading volume of Ethereum in July reached 50% of that of Bitcoin.　　In July, the total capitalization of cryptocurrencies returned above $1 trillion, with Bitcoin and especially Ethereum on the defensive.　　All this allowed Ethereum to surpass the banking giant of China in terms of capitalization, which, like all Chinese banks, is facing a major problem related

2022-08-09Ethereum

Ethereum market cap surpasses $200 billion as ETH reclaims $1,800 - BitcoinEthereumNews.com

The price of the second largest cryptocurrency by market cap has climbed above the $1,800 level as Ethereum (ETH) risess over 5% in a day ahead of its upcoming Pagsamahin upgrade slated for September.　　Indeed, Ethereum is currently trading at $1,801, up 5.48% in the last 24 hours and 6.78% across the previous week. Notably, in the last 30 days, Ethereum has climbed from $1,214 on July 10 to $1,801 on August 8, an increase of 48.35% between the two dates.　　Ethereum 30-araw na tsart ng presyo. Pinagmulan: CoinMarketCap　　Whats more, with a total market capitalization of $219 billion, Ethereum has added almost $70 billion to its total worth in the last month, according to data retrieved by CoinMarketCap.　　Ethereum 30-day market cap chart. Source: CoinMarketCap　　The Ethereum Merge slated for late September is among the most highly anticipated crypto events due to take place owing to factors like the projected bullish impact on the assets price.　　Based on this, the banking giant Citigroup (NYSE: C) believes the upgrade might have several benefits for the blockchain.　　According to the study conducted by the bank, after the upgrade has been implemented, it may result in reduced energy intensity, transform Ethereum into a deflationary asset, and provide a potential

2022-08-08Ethereum

Ethereum price analysis: ETH swiftly spikes above $1,760, quick retrace incoming? - BitcoinEthereumNews.com

EthereumPagsusuri ng presyo ng Ethereum: Ang ETH ay mabilis na tumaas sa itaas ng $1,760, mabilis na retrace ang papasok？08 / 08 / 2022Balita ng Ethereum ng Bitcoin　　Ethereum price analysis is bullish today as we expect more upside to continue after a strong break above $1,760. Therefore, we expect a quick retrace to retest the broken resistance as support before more upside follows later in the week.　　Mapa ng Cryptocurrency heat. Pinagmulan: Coin360　　The market has traded in the green over the last 24 hours. The leader, Bitcoin, gained 4.47 percent, while Ethereum over 5.73 percent. Meanwhile, the rest of the top altcoins have performed with similar results.　　Ethereum price movement in the last 24 hours: Ethereum breaks previous swing high　　Nakipag-trade ang ETH/USD sa pagitan ng $1,693.51 hanggang $1,806.89, na nagpapahiwatig ng malakas na pagkasumpungin sa nakalipas na 24 na oras. Ang dami ng kalakalan ay tumaas ng 37.41 porsiyento, na may kabuuang $14.83 bilyon, habang ang kabuuang market cap ay nakikipagkalakalan sa humigit-kumulang $219.73 bilyon, na nagreresulta sa dominanteng 19.27 porsiyento.　　ETH/USD 4-hour chart: ETH looks to retest the downside　　Sa 4 na oras na tsart, ang Ethereum presyo shows slight rejection for further upside as a retracement is likely needed before further upside

2022-08-08Ethereum

Poloniex Announces Support For Ethereum Forks, Users Will Receive New Tokens Via Airdrop - BitcoinEthereumNews.com

EthereumPoloniex Anounces Support For Ethereum Forks, Users Will Receive New Tokens Via Airdrop08 / 08 / 2022Balita ng Ethereum ng Bitcoin　　Ethereum, the second cryptocurrency by market cap, is about to enter a new era. In September, Ethereum will complete its transition from a Proof-of-Work (PoW) consensus to a Proof-of-Stake (PoS) consensus blockchain. This event will forever change the crypto industry and the Ethereum ecosystem.　　Nangunguna sa palitan ng crypto Poloniex, the first trading venue to support Ethereum and Ethereum Classic, will support “The Merge”. The exchange will take an unprecedented step to ensure that all users, communities, and sectors will be able to carry on in the space within a stable and sustainable market.　　Sa isang opisyal na post, Poloniex explained the implications of this event as a potential trigger for the creation of an Ethereum fork or several, a different version of the Ethereum protocol still operating under a PoW consensus. At the moment, ETH is one of the most mine and adopted cryptocurrencies in the crypto space.　　All of this computational power, the entire ETH mining sector, might disappear unless the community decides to support and continue mining an ETH fork. His Excellency Justin Sun, diplomat and major investor in the

2022-08-08Ethereum

TA- Ethereum Price struggles To Breakout - BitcoinEthereumNews.com

ETH Daily Price Chart | Source: ETHUSDT On Tradingview.com　　The price of ETH found strong support at around $1,580, with what seems to be an area of interest on the daily chart.　　ETH has continued to range in a chanel where it has struggled to break out, ranging between $1,580 – $1,720.　　Four-Hourly (4H) ETH Price Chart | Source: ETHUSDT On Tradingview.com　　The price of ETH has shown a bullish continuation on the 4H chart after bouncing off from the support at $1,600.　　ETH price has struggled in this region, forming a ranging chanel on the 4H chart after a rejection at $1,740 due to sell-offs.　　The current price is $1,770, trading above the 50 with good buy bids, the price of ETH could push to $2,000 -$2,400.　　Four-Hour (4H) resistance for ETH price – $2,400.　　Four-Hour (4h) support for ETH price – $1,660, $1,530.　　A break below these support zones could send ETH price to a region of $1,362, acting as a good support area.　　Featured image from Bitcoinist, Charts from TradingView.com

2022-08-08Ethereum

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