Ethereum spikes 12% following completion of Goerli testnet merge

Ethereum’s (ETH) Goerli testnet completed its merge with the proof-of-stake consensus mechanism in the early hours of August 11. The Goerli testnet has been successfully merged and is now a full Proof of Stake chain. Next up is (finally) the Ethereum mainnet!! The Merge is coming 🐼 — sassal.eth 🦇🔊🐼 (@sassal0x) August 11, 2022 Goerli … Read more

Circle to ‘fully and solely support Ethereum PoS’

USD Coin (USDC) issuer Circle has revealed that it would fully support the Ethereum (ETH) proof-of-stake (PoS) chain post-merge. According to an Aug. 9 blog post, the stablecoin issuer was looking forward to “the future scaling opportunities (the Merge) unlocks as well as the reduced energy consumption profile of the network.” While we don’t speculate … Read more

MakerDAO identifies risks of an Ethereum hard fork

DeFi protocol MakerDAO (MKR) has identified seven risks its protocol faces if Ethereum (ETH) is forked. Futures backwardation and negative funding According to the protocol, the first risk it faces is future backwardation and negative funding. In this case, while spot ETH will get forked PoW tokens, those exposed to ETH perpetual contracts and quarterly … Read more

Crypto community divided over Ethereum hard fork

Following Chandler Guo’s public vow to fork Ethereum (ETH), the call for a hard fork has grown significantly, leaving stakeholders to pitch their tent on different sides. Tron (TRX) founder Justin Sun and his crypto exchange Poloniex were one of the first supporters of the idea. OKX, Huobi hint at listing Ethereum forks Jay Hao, … Read more

Arthur Hayes predicts Ethereum will reach $5K after merge if Fed pivots

BitMEX’s founder Arthur Hayes has predicted that Ethereum’s (ETH) price could rise to $5,000 if the merge upgrade is successful and the Federal Reserve goes ahead with its pivot. Hayes also revealed that the current price of Ethereum represents a tremendous buying opportunity for investors as it is selling 76% below his model price of … Read more

Justin Sun’s Poloniex supports Ethereum proof-of-work hard fork

Justin Sun, Tron’s (TRX) founder, has revealed support for Ethereum’s (ETH) proof-of-work (PoW) hard fork. In an August 4 tweet, Sun said he would donate some coins to the forked Ethereum PoW community to develop its ecosystem. We currently have more than 1 million #ETH. If #Ethereum hard fork succeeds, we will donate some forked … Read more

Solana NFT marketplace Magic Eden expands to Ethereum

Solana’s (SOL) leading NFT marketplace Magic Eden has announced that it will now support Ethereum (ETH) NFTs on its platform, according to a press release shared with CryptoSlate. The platform stated that it plans to provide multichain solutions for NFT collectors and creators and has launched several tools to make that possible. These include Magic … Read more

Ethereum Classic up over 150% in July as ETH 2.0 draws closer

Ethereum Classic’s (ETC) value increased by over 150% in July, making it one of the top performing digital assets of the month. The asset was trading at $36.50 as of press time after shedding over 11% in the last 24 hours. Interest in the asset reached a crescendo when Ethereum (ETH) developers revealed the date … Read more

Vitalik Buterin Says Facebook’s Metaverse Attempt Will Misfire

Ethereum co-founder Vitalik Buterin believes that corporate attempts to build the metaverse will fail. Buterin said this while responding to the views of Dean Eigenmann, who pointed out that “while the ideas on the metaverse concept make sense, he doesn’t think it’ll happen through Venture Capitalist funding.” “I’d rather hang out in World of Warcraft than half … Read more

Ethereum 2.0 draws closer, Goerli testnet merge slated for August

Ethereum’s (ETH) tenth shadow fork went live on July 26 at 11:45 UTC bringing the network closer to its transition to a proof-of-stake (PoS) consensus mechanism. Ethereum’s tenth shadow fork is live The shadow fork went live 26 hours ahead of schedule with no significant glitches reported and sets the stage for the Goerli testnet … Read more