While Ethereum created history by taking over Bitcoin in the options market, the ETH futures contract entered price backwardation. Ether (ETH) has taken over Bitcoin (BTC) in the options market for the first time in history as the open interest (OI) of Deribit Ether options with a value of $5.6 billion exceeded the OI of…
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Ethereum is all set to transition to PoS by the third week of September, but most of the promised scalability features will only be available after 2023. The Ethereum blockchain is on the verge of one of the most crucial technical updates since its inception, moving from proof-of-work (PoW) to proof-of-stake (PoS), also called Ethereum…
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A new scaling solution, zkEVM Rollups, could allow Ethereum to overcome Visa in terms of transaction throughput, says Polygon co-founder Mihailo Bjelic. zkEVM Rollups, a new scaling solution for Ethereum, will allow the smart contract protocol to outpace Visa in terms of transaction throughput, said Polygon co-founder Mihailo Bjelic in a recent interview with Cointelegraph. …
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Ethereum Classic is a relatively smaller PoW chain compared to Ethereum in terms of usage and hash rate. Ethereum’s proof-of-work (PoW) powered by GPUs generated approximately $19 billion in revenue last year for ETH miners. But these revenue streams are in danger as Ethereum is expected to become a proof-of-stake (PoS) blockchain via “the Merge” upgrade…
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Ether risks falling further below $1,350 in August as the ETH price rally is losing steam. Ethereum’s native token Ether (ETH) tumbled on July 26, reducing hopes of an extended price recovery. The ETH/USD pair dropped by roughly 5%, followed by a modest rebound to over $1,550. Ethereum gets rejected at $1,650 These overnight moves…
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Ethereum’s transition to proof-of-stake could be a boon for the price of Ethereum Classic. Ethereum Classic (ETC) has been outperforming its arch-rival Ethereum’s native token Ether (ETH) during the current crypto market rebound with the ETC/ETH pairs at 10-month highs. Why is ETC beating ETH? ETC’s price has risen to $27 on July 22, amounting…
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SOL’s bear flag setup sees its price declining to $21 by September 2022. Solana (SOL) ticked modestly lower on July 20 after testing a critical technical resistance, suggesting further pullback moves in the coming weeks. SOL price eyes 50% wipeout SOL’s price decreased by over 4% to $44 after failing to breach a multi-week ascending…
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The rally has pushed ETH price toward strong resistance levels, increasing its pullback risks against Bitcoin. Ethereum’s native token Ether (ETH) has successfully avoided a bearish technical setup to reach a two-month high against Bitcoin (BTC). ETH price bear flag invalidated The ETH/BTC pair invalidated its prevailing “bear flag” pattern after Ethereum developers announced this…
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Ether price could drop by 45% because its ascending triangle breakout looks unconvincing so far. Ethereum’s native token Ether (ETH) saw a modest pullback on July 17 after ramming into a critical technical resistance confluence. Merge-led Ethereum price breakout ETH’s price dropped by 1.8% to $1,328 after struggling to move above two strong resistance levels:…
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Ethereum’s transition journey from PoW to PoS journey could take up to years as it began with the launch of Beacon Chain in December 2020 and has seen several delays on the way. Ethereum network is nearing the merger phase of its crucial transition from proof-of-work (PoW) mining consensus to proof-of-stake (PoS). Ethereum (ETH) devs…
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