GrayScale Investment moves to sell all ETHPOW tokens

GrayScale Investment has announced plans to sell ETHPoW tokens it received from the PoW hard-fork following Ethereum’s transition to proof-of-stake (PoS). Shortly after the Merge on Sept. 15, miners hard-forked Ethereum to launch the Ethereum PoW network. As proposed,  ETHPoW tokens were distributed to eligible ETH holders. Two funds owned by GrayScale Investment received a cumulative sum … Read more

Ethereum Proof-of-Work fork set to launch 24 hours post-Merge

Ethereum proof-of-work hard fork will launch 24 hours following the Merge on September 15, according to a Twitter thread published by ETHW. ETHW Core Announced the Plan for Mainnet#ethereum #ethw #ethereummerge #ethereumfork $ethw $eth #ethpow 1/n pic.twitter.com/cnYOW6l1iU — EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 12, 2022 ETHW is the team behind the Ethereum PoW … Read more

Ethereum Classic falls 13%; Cardano founder recommends Ergo for POW

Ethereum Classic (ETC) fell by 13.33% since Sept. 6 after Cardano‘s (ADA) founder Charles Hoskinson suggested Ethereum miners shift to Ergo while Ethereum’s founder Vitalik Buterin said that ETC’s welcoming community made it a good coin to mine. ETCUSD ETC had been trading as high as $41.52, but it fell by 19.73% within half a … Read more

Charles Hoskinson calls Ethereum Classic ‘dead project with no purpose’

Cardano (ADA) founder Charles Hoskinson said Ethereum Classic (ETC) is a “dead project with no purpose or compelling argument to exist outside of spite.” I love how a sustainable development fund turns into a miner tax. ETC still gives me sadness for what could have been. It’s a dead project with no purpose or real compelling … Read more

Largest Ethereum mining pool opens up staking ahead of the Merge

Ethermine, the largest Ethereum mining pool in the world, has announced the launch of a staking service on its platform. In an announcement published earlier today, the company said that Ethermine Staking will enable users to earn interest on their ETH as if they were staking it, without having to put down the 32 ETH … Read more

Most PoW miners intend to mine Ergo, not Ravencoin or Ethereum Classic post-Merge

A Twitter poll by node operator @cryptovium revealed that most Ethereum miners intend to mine Ergo after the Merge. “With the imminent #PoS $ETH merge, I’m curious what all the #miners out there are planning on moving their rigs to.“ The Ethereum Merge is imminent Recent estimates give September 19 as the date the Merge … Read more

Ethereum is under attack as U.S. sanctions apply at a protocol level

The hope of a decentralized, open, free internet is in jeopardy right now. This is not hyperbole, FUD, or clickbait. Ethermine, the largest Ethereum mining pool, no longer produces blocks containing Tornado Cash transactions. This is likely due to OFAC sanctions and is an example of censorship at the protocol level. Crypto analyst, Takens Theorem, … Read more

Bitcoin advocate claims Vitalik Buterin does not understand PoW

Swan Bitcoin founder Brandon Quittem said that Ethereum (ETH) co-founder Vitalik Buterin does not “deeply” understand the Proof-of-Work (PoW) consensus mechanism. 1/ I said “Vitalik never understood PoW deeply” I don’t know if I’m right or wrong, but here are some examples of @VitalikButerin misunderstanding PoW 🧵👇 https://t.co/Uo1oZolpVU — Brandon Quittem (@Bquittem) August 15, 2022 … Read more

Mining firm Bit Digital grows Ethereum holdings 594% sequentially in July ahead of Merge

New York-based mining firm Bit Digital grew its Ethereum (ETH) holdings by around 594% in July 2022, compared to June, according to its unaudited production update published on August 8. The firm increased its holdings from 313.6 ETH in June to 2,176.9 ETH in July. Consequently, the value of its Ethereum holdings surged from just … Read more

Researchers say they discovered consensus level attack on Ethereum — miners cheating the system to earn more

A research paper published by The Hebrew University in Israel reports having discovered the “first evidence of a consensus-level attack on a major cryptocurrency.” The paper is currently awaiting peer review but utilizes publicly available on-chain data and Ethereum’s open source codebase to affirm its conclusions. At its core, the paper highlights an issue where … Read more