First disclosed in June when the company announced a $130 million round. Lu claims that adopting multi-chain was always part of the strategy for Magic Eden. Today, Magic Eden, the most popular Solana NFT store, extended its reach to the Ethereum network by adding support for many prominent collections. These
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 network often came under fire for the negative impact it had on the planet. Energy usage decreased since the merging transition to proof-of-stake was successful. On Thursday, September 15, 2022, the Ethereum Network completed the switch from proof-of-work to proof-of-stake mining. The change ushers in a new age for
The United States government should limit energy-intensive mining as per a study. Several mining pools saw a decline in activity after Ethereum’s switch. Having seen Ethereum’s successful switch to the proof-of-stake consensus, miners were forced to explore other opportunities. Since Ethereum’s infancy, Ethereum’s developers have encouraged miners to switch to
Stakeholders who fall into the “other” category control 3.65% of the total. The goal of both crypto and Web3 is decentralization. The Ethereum merge has delivered on many fronts, including the projected decrease in energy consumption and carbon impact of more than 99%. However, experts who sounded the alarm about
Grayscale said in a press statement and SEC filing today that it intends to acquire and hold onto the rights to the new EthereumPoW (ETHW) tokens created by the Ethereum split after the merging, keep onto them, and potentially sell them or share their value to investors in the future.
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
A tweet offered a hoax whereby the victim would get 100 ETH in exchange for a survey. Scammers are targeting “verified” Twitter accounts, where they may pose as Buterin. PoS advocates and the community of the second-largest cryptocurrency are quite enthusiastic about the completion of Ethereum Merge. Fraudsters have been
