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2022-10-21 02:36:20 Open / Comment

2022-08-13 10:43:18 Ethereum Classic Hits 4-Month High as Merge Approaches

Ethereum Classic is a hard fork of the Ethereum blockchain co-founded by Vitalik Buterin and Gavin Wood. While both Ethereum forks point to 2015 as their launch, the Ethereum blockchain was rolled back and relaunched in 2016 after the hack of The DAO project, causing a split within the Ethereum community. Those who did not support the relaunch maintained the original Ethereum blockchain, renamed to Ethereum Classic.

While no longer a part of the broader Ethereum network, ETC is seeing a spike in activity thanks to the increased interest in the move from proof of work to proof of stake that Ethereum will soon undertake. Notably, as the merge draws near, some members of the Ethereum community are again debating whether to execute another hard fork of the Ethereum blockchain to preserve the proof-of-work approach. Leading Chinese cryptocurrency figure Chandler Guo recently suggested the creation of ETHPOW.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2022-08-13 10:43:04 Crypto Markets Lost $50B in 2 Days as BTC Slumped Towards $20K

Following the relatively calm weekend, bitcoin started to lose value gradually and dipped towards $20,000. Most altcoins are also in the red today, with the most notable drops coming from Solana, Avalanche, LEO, Matic, and Litecoin. The working week went rather well for the primary cryptocurrency.

However, that was short-lived as BTC started retracing soon after. It fell by over $1,000 almost immediately, tried to bounce off, but was halted in its tracks. As such, it spent most of the weekend trading sideways in a range between $21,000 and $22,000. As Sunday was coming to its end, though, the cryptocurrency began losing value and dropped below $21,000. Its nosedive continued, and bitcoin fell to a four-day low of just over $20,300. As of now, it has sustained above $20,000, but it’s 4% down on the day, and its market capitalization has declined below $400 billion.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2022-08-13 10:42:40 ⁠Indian authorities freeze more crypto funds over money laundering allegations

The Indian Directorate of Enforcement froze $46.4 million in the accounts of Vauld’s Indian branch until the exchange can account for criminal proceeds it transferred out of the country.

https://ct.com/auza Open / Comment

2022-08-13 10:42:09 ⁠Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022

Since July 2022, the Bitcoin ecosystem recovered across numerous determinants, including miners’ revenue in dollars, network difficulty and hash rate.

https://ct.com/auzm Open / Comment

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