Bitcoin and Ethereum witnessing a sudden plunge in the cryptocurrency market. BTC is 1.84% down and ETH is 4.86% down in the last 24 hours. The global crypto market has started showing a bearish signal once again. After witnessing a significant price surge in the past few weeks, the major
Hackers may have had access to Profanity customers’ wallets for years. ZachXBT, a blockchain investigator, issued a warning on the theft. Several Ethereum addresses created using the “Profanity” program were compromised, and the hacker made off with cryptocurrencies worth $3.3 million. After 1inch, a decentralized exchange aggregator notified customers of
U.S. district court in charge of the case approved ENS’s request for an injunction. Manifold Finance paid $851,919 to acquire the eth.link domain name. The Ethereum Name Service (ENS) announced late on Sunday that it had reclaimed possession of the eth.link domain name after a successful injunction against domain supplier
Sparkster and Daya to pay $30 million with $500 K and $250 K as civil penalties. The SEC claims over this point bring Ethereum (ETH) under its jurisdiction. United States Securities and Exchange Commission (SEC) recently filed a lawsuit against Ian Balina specifying the ETH functionality. Ian, a crypto investor
Ethereum (ETH), the second-largest cryptocurrency by market capitalization converted from the Proof of Work (PoW) mechanism to the Proof of Stake (PoS) mechanism on September 15. Following that, Vietnam’s cryptocurrency miners faced significant losses with their mining equipment as it turned off, as per the recent report. According to recent
The liquidated amount in just the last 24 hrs was around $65 billion. Market cap fell to $666 B from $950 B and it has bounced back to the $900 B range. The last 24 hrs were very chaotic in the crypto environment, fall can be seen in every cryptocurrency
The total energy demand for Ethereum is now only 2,600 MW hours per year. Ethereum’s annual CO2 emissions reduced by over 11 million tons. The long-awaited Ethereum merge has finally completed. It was designed to consume less energy, and the network has drastically reduced the overall energy consumption of the
Last Day was a great and a memorable day for the entire crypto users and ETH community. The big moment of launching the Ethereum Merge has happened treating the users, investors and the whole industry. As it is the current state, everyone is eagerly expecting for a positive note after
Today, most cryptocurrency is mined at specialized facilities known as “farms.” To add its transactions to Ethereum’s distributed ledger, a validator must stake ETH. Introduced in 2015, Ethereum builds on Bitcoin’s foundation by introducing smart contracts, or code that operates on the blockchain like a global supercomputer to store information.
Ethereum has successfully switched from PoW) consensus method to the PoS consensus mechanism. Merging will result in a 0.2% decrease in global electricity consumption. As The Merge goes live, Ethereum has successfully switched from the proof-of-work (PoW) consensus method to the proof-of-stake (PoS) consensus mechanism, considerably increasing the network’s sustainability.
