Significant differences are demonstrated by the comparison of the holders of #Litecoin (LTC) and #Ethereum (ETH) who have made a profit. As of September 25, for Litecoin owners whose #investments are still profitable at the current #LTC price of $ 53, it is 14%. The overwhelming 74% of users incur losses, the remaining 12% are at the break-even point, this is TipRanks data.
Against the background of increased network activity and its significant decrease compared to the historical maximum, more than half of Ethereum holders (51%) are able to earn income at an asset price of $ 1,320, and only 46% of investors incur losses.
#ETH #HODL #CryptoCurrency
From the structures that allow you to open short for the first #cryptocurrency, $5.1 million was withdrawn from September 17 to 23. Prior to that, inflows were recorded for seven consecutive weeks, as a result of which their AUM reached a record $172 million, analysts at CoinShares write.
Receipts of funds into cryptocurrency investment products in general for the reporting period amounted to $8.3 million against $7.3 million a week earlier.
Buterin promised users to solve the problem of scalability of the #Ethereum blockchain within 18 months. However, the founder of the project assured that there will be no anonymous transactions of #ETH and tokens over the next five years.
Despite the confidence of the leading developers in the need for #anonymization in order to attract users, Buterin sees what such steps lead to. #Monero and #DASH dropped out of the top 25. Most exchanges have removed these coins from the lists. Litecoin's attempt to implement partial anonymization also ended with the delisting of #LTC by a number of sites.
#CryptoCurrency #blockchain #PoS
On-chain statistics show that after the #Merge update, the volume of emissions in the #Ethereum network dropped sharply. This dynamic indicates deflationary processes in the #blockchain
According to Ultra Sound Money, since then the rate of issuance of new coins has fallen by 98%.
After Ethereum switched to the proof-of-stake consensus algorithm, the volume of supply increased by 7,385.47 #ETH, whereas on the Proof-of-Work model, over the same period, the increase would have been 128,422.13 ETH.
Over the past day, the volume of supply increased by 0.34%. Compared to the daily average of 3.86% on #PoW.
Some believe that the emission has decreased not only because of the #transition of the network to #PoS. Activity in the Ethereum #network also decreased, which led to a reduction in the cost of gas and also affected the volume of emissions.
However, network activity fell before Merge, nevertheless, when the network was running on the PoW algorithm, much more tokens were created.
#CryptoCurrency
User @Excellion (Samson Mou) posted an optimistic statement on #Twitter regarding the leader of the #bitcoin (BTC) #cryptocurrency market. Respected in the crypto community, Mou wrote that in the coming weeks the king of the crypto market will make a big step up, and shared a tweet published by @w_s_bitcoin.
The current price of #BTC fluctuates slightly above the level of 19 thousand dollars, this is #CoinGecko data. The statistics also reflect a daily increase of 1.6% with weekly losses of 3,3%.
The lava of the #Binance cryptocurrency exchange Changpeng Zhao invited users to voluntarily burn #LUNC during trading
The Binance #cryptocurrency exchange may introduce the service of voluntary burning of 1.2% LUNC at each trading operation. This is reported in the exchange's blog.
The service will be implemented on a mandatory basis for all those who voted only if the volume of accounts that voted for the innovation will hold more than 25% of all LUNCS on the exchange. When approval is reached at 50%, a commission of 1.2% will be introduced for bidding with LUNC for everyone. If the approval threshold of 50% is not reached within a month after the transition of 25%, then Binance will abandon the mandatory burning of 1.2%.
Users on the #network received the news ambiguously. Some believe that traders will ignore the offer to burn 1.2% due to greed. Users also suggested that large investors would not participate in the vote.
#Ethereum co-founder Vitalik Buterin expects that two other proof-of-work blockchains, #Zcash and #Dogecoin, will switch to a proof-of-stake consensus in the future.
Zcash and Dogecoin are likely to follow in Ethereum's footsteps and eventually move to proof of stake after the consensus model matures, Buterin said at this year's Mainnet #blockchain event.
#CryptoCurrency #PoS
The Ukrainian #bank Unex Bank, together with the #Mastercard payment system and the fintech company Weld, has issued the country's first #cryptocurrency card called the weld card. The bank card is linked to a wallet for storing digital assets created in the Weld Mopeu service. At the time of payment for a purchase or service, Weld Mopeu converts the coins stored in the account into fiat currency and transfers the money to Unex Bank. At the moment, the weld card only works with #Tether (USDT) stablecoins, but in the near future they promise to add support for bitcoins and altcoins. The bank does not charge a fee for issuing a card, however, a commission of 1.5% and an additional UAH 5 is charged for withdrawing cash from an ATM and transferring fiat currency to other accounts. In addition, the owners of the weld card have the right to exchange cryptocurrency worth no more than 10,000 hryvnia per day (1600 rubles). Recently, #Ukraine took the third place in the ranking of countries in the world in terms of the degree of demand for cryptocurrencies, prepared by specialists of Chainalsis. Russia finished only in ninth place, and Vietnam and the Philippines were in the top three.
The XRP #cryptocurrency has been growing for more than a week, and during this time it has significantly outpaced other leading cryptocurrencies. #XRP is trading at $0.49 with an increase of more than 18% per day and an astounding 52% per week, after reaching a four-month high at $0.55 today.
Over the past week, the trading volume of XRP has jumped to $7 billion, having increased by 105% in the last 24 hours alone. As a result, XRP has become the most productive coin among the leading cryptocurrencies.
There are several factors behind the price increase, including #technical ones.
First of all, this is of course a positive background associated with the ongoing trial. Although experts predict that the trial will be completed no earlier than March 2023, Brad Garlinghouse suggested in a recent interview that it could be a period of 2 to 9 months.
In addition, the news that the Chamber of Digital Commerce will participate in the court as a "friend of the court" was very positively received, since the organization believes that the decision of the trial will be of great importance for the young cryptocurrency industry.
Currently, the trial is in the phase of making a decision as a result of simplified proceedings, which indicates the close end of the trial.
Experts believe that the market is betting on Ripple's victory in the #SEC case. With the jump in trading, it seems people feel that the case is about to end in #Ripple's favor, said David Gohstein, host of a cryptocurrency-related podcast.
Crypto Vinco, who claims to be a crypto whale on Twitter, said that Ripple (XRP) takes market power from #Bitcoin and #Ethereum.
The Colorado Department of Revenue has allowed residents to make tax payments in cryptocurrencies.
Transactions are carried out through #PayPal, which supports #Bitcoin, #Ethereum, Bitcoin Cash and #Litecoin. Currently, only personal accounts can be used.
The commission is $1, and 1.83% of the total payment amount is also charged.
The initiative was launched in early 2022 by the governor of the state, Jared Polis. According to him, paying taxes in cryptocurrencies "will change outdated methods of doing business and public administration, making them more efficient."
#CryptoCurrency
The American Environmental Working Group (#EWG) has announced that it will launch a $1 million campaign to encourage #Bitcoin to switch to Proof of Stake. After switching to PoS, #Ethereum has reduced its energy consumption by more than 99%.
Michael Brune, EWG Campaign Director: "Other protocols have been working on effective consensus mechanisms for years. Bitcoin has become an exception, defiantly refusing to take responsibility for the climate."
EWG senior vice president of government Relations Scott Faber said that the merger as a whole was "beneficial for the climate" in terms of reducing Ethereum energy consumption.
Faber: "The merger proves that digital assets that rely on Proof of Work can be converted into Proof of Stake and consume much less electricity [...] We hope that the bitcoin community will follow Ethereum's example." Faber also assured that EWG is not against cryptocurrency. But the group is very concerned about the growth of electricity consumption and climate pollution.
Not everyone agrees with the initiative to switch bitcoin to #PoS. Some industry leaders believe that the transition will affect security, #network decentralization, and U.S. regulation.
#Blockchain #CryptoCurrency #Mining
Employees of the aggregator of decentralized #cryptocurrency exchanges #1inch have discovered a critical vulnerability in the #Profanitu software for generating #Ethereum addresses.
"Attention, Ethereum owners! Your coins can be stolen. Beware of using addresses generated using the Profanit tool," said Anton Bukov, director of 1inch."
1inch experts advise to withdraw #ETH from wallets whose addresses were created using Profanit as soon as possible, as well as to change the owners of smart contracts if the addresses of their crypto storages were generated using Profanit. The 1inch report states that during cryptanalytic attacks using brute force, hackers can find out the private keys to Profanit addresses and take possession of a cryptocurrency worth several tens of millions of dollars. However, experts admit that hacking will be difficult to implement in practice. One of the Profanit developers, known under the pseudonym johguse, acknowledged the problem. He stated that the programmers abandoned the project after discovering several critical vulnerabilities in the process of generating private keys. He recommended that all members of the crypto community refrain from using this tool.
Miners are massively switching to other blockchains after migrating #Ethereum to PoS. This led to an explosive growth of hashrate in the #Ravencoin (RVN) and #Ergo (ERG) networks.
Thus, the hashrate value on the Ravencoin #blockchain has more than doubled. Just two days ago, it fell short of 10 terahesh/sec, and now it exceeds 17 terahesh/sec. In the Ergo network, the same indicator on Wednesday was 35.32 terahesh/sec, and now it has grown above 200 terahesh/sec.
Meanwhile, the native coin rates of these projects demonstrate high volatility. #RVN has lost about 15% over the past day at the time of writing, but before that it showed a jump when new miners initially switched to the network. The same situation happened with #ERG – a price jump and a subsequent intraday decline of about 5%.
After The Merge, the hashrate of Ethereum Classic (#ETC) also soared to 222.5 hashes per second. The indicator increased by 200+% compared to the value on September 13. Ethereum Classic is the original version of Ethereum, formed as a result of a fork back in 2016 and all this time continuing to work on #PoW.
#CryptoCurrency
The update of the main altcoin The #Merge (Ethereum 2.0) activated today is undoubtedly an important event for the #cryptocurrency market. However, not all epochal news leads to an increase in prices.
Perhaps someone looked positively at what was happening on the #Ethereum network, but not traders and miners. The first ones started selling, and the second ones got discouraged: they lost the opportunity to mine #ETH tokens, including using video cards.
According to the Cryptovizor cryptocurrency screener, which calculates the BTC/USD market price based on the results of trading on seven major exchanges, the bitcoin exchange rate decreased by 4%, while the minimum price value corresponded to $19,438.
Ethereum didn't look any better. According to the largest cryptocurrency exchange #Binance, the #altcoin rate fell from $ 1,655 to $ 1,458 after the announcement of the completion of the upgrade.
The drop occurred despite the fact that the long-awaited update of The Merge was quite successful. Charles Edwards, the creator of the analytical resource LookIntoBitcoin, compared the event to halving #bitcoin. Halving is an undoubted incentive for the growth of bitcoin in the long term, but in fact it is usually accompanied by a drop in price.
But who you definitely won't envy is the Ethereum miners, who are now forced to look for another asset. The calculation of mining profitability using the Awesome #Miner calculator leads to interesting results. With an electricity price of $0.09 per kWh, the owner of a GeForce RTX 3060 12 Gb video card can earn only $2 per month ($24 per year) on the extraction of Ethereum Classic (#ETC) — and this despite the fact that at the beginning of the year such a video card cost about $ 1,000.
The analytical company #Santiment reported on #Twitter that shortly after The #Merge update was completed and the #Ethereum network switched to Proof-of-Stake (#PoS), 45.15% of nodes launched for block verification, transaction processing and data storage work with only two addresses. This confirmed that the transition of Ethereum to PoS may not be without fundamental problems and caused the crypto community new concerns about the centralization of the network.
At the time of preparation of the report, the first address has confirmed about 188 blocks, which is 28.97%. The second #address confirmed 105 blocks – 16.18%. These two addresses have a total share of 45.15% of all nodes. The data presented by Santiment caused an ambiguous reaction among the participants of the crypto community. Some see this as confirmation of their concerns about the centralization of the network, while others see it as a reason to accuse the platform's observers of incompetence. Supporters of the first point of view stated that both addresses may belong to the Ethereum Foundation and the American multinational investment bank JPMorgan Chase & Co. In addition, there are concerns that Ethereum may become more centralized, at least due to the fact that only five organizations account for up to 64% of the 13.4 million #ETH placed. Moreover, the Lido liquid betting service accounts for the largest share of 31%. In August, Maggie Love, co-founder of the Web3 storage infrastructure, shared her concerns, who reported that most of the Ethereum network nodes are managed by #centralized providers, including Amazon Web Services (AWS), which dominates this area with a share of 52.1%, Hetzner (more than 15%) and OVH (4.1%). Supporters of the opposite point of view said that the analysts of Santiment reacted superficially to the analysis of the events taking place. The addresses given as arguments for their messages actually consist of tens of thousands of validators, and this suggests that they are just repeaters.
#CryptoCurrency
The #Bitcoin mining difficulty index increased by 3.45%.
According to the bitcoin #blockchain metrics, the mining difficulty index increased by 3.45%, to a new historical maximum of 32.05 trillion. This was the fourth consecutive increase in this indicator — the previous time it jumped by 9.26%, which happened two weeks ago.
This indicator followed the growing bitcoin #hashrate, which in early September reached its absolute record of 264.8 Eh/s, after which it slightly adjusted to 232.4 Eh/s in the middle of this week.
The previous hashrate peak was observed on June 11, and exactly a month before that, the bitcoin mining difficulty indicator reached its absolute record, but then went down after the cryptocurrency #market reacted negatively to the collapse of the #Terra (Luna) #cryptocurrency.
Note that in August, global #mining revenue began to grow after a decline in July and June, reaching $ 684.3 million. There were changes in the composition of mining pools due to the difficulties faced by Poolin, as a result of which other participants in this segment of the cryptosphere had the opportunity to increase their share.
In Europe, bitcoin miners are being relocated, given the rapidly growing energy costs. So, a significant influx of miners is currently observed in the north of Norway, where energy costs are not as high as in Germany and France.
The growth of two key indicators of the bitcoin blockchain indicates the high stability of the work of this distributed registry, as well as the growth of investments in mining equipment in the world. Investors pay attention to the fact that bitcoin is one of those rare assets in the world that, in their price movements, are beginning to show increasing independence from the decisions of the US Federal Reserve on the interest rate.
The computing power of the #Ethereum Classic network has been growing over the past few weeks. Analysts attribute this trend to the connection of miners who leave Ethereum before the Merge fork.
In a month, the #ETC hashrate soared by more than 200% from 30 terahashes per second (Th/s) to 66 Th/s. According to #BitInfoCharts, on September 15, the Ethereum Classic #hashrate reached 66.84 Th/s, which is a historical maximum for the #blockchain.
Recall that as a result of the #Merge update, the Ethereum network will switch to consensus #PoS and become more energy efficient. Network activity on Ethereum Classic is also increasing. The average daily number of operations in the middle of this week reached 59,551.
The underlying asset of the #altcoin ETC network has increased in value by 5.7% in the last 24 hours alone.
The coin rose to 17th place in the ranking of the largest digital currencies, and today it is trading at $37.9. The capitalization of the #cryptocurrency exceeds $ 15.147 billion.
According to CryptEue, in the last 24 hours, an unknown cryptowhale has acquired 160.4 billion #SHIB worth the equivalent of $ 2 million. The purchase took place at the time of a strong drop in the price of Shiba Inu against the background of negative news about inflation in the United States, which affected all financial markets. In total, 200.6 billion SHIBS have been received to this wallet over the past seven days, which is equal to $ 2.5 million. Currently, 14.6 trillion SHIB worth $ 180 million are stored at this address . It is likely that the wallet is either associated with the project itself, or with a member of its team, or is a hot #wallet of some cryptoplatform.
#Shiba #CryptoCurrency #Token
The US stock market has been losing for the second day in a row. The S&P 500 and #Nasdaq indexes fell 0.5%.
The blow to risky assets was caused by the information about the increase in inflation in the United States, published last Tuesday.
#Bitcoin (BTC), after the activation of sellers, showed the strongest drop in the last three months.
On the night of Thursday, September 15, the #BTC rate fell below $ 20,000. At the time of publication of this review, the largest digital currency was trading at $19,889. #Ethereum (#ETH) fell to $1,596.
Other virtual currencies are also losing value. #Cardano (#ADA), #Solana (#SOL) and #Dogecoin (#DOGE) fell to $0.479, $33.39 and $0.061 respectively. The capitalization of the crypto market decreased to $987.415 billion.
Nomura Securities strategist Charlie McElligott believes that markets are waiting for signals from the Federal Reserve System. Investors hope that the regulator will take a break and stop raising rates. In this case, digital currencies will once again become attractive tools.
Which coins will #Ethereum miners switch to after the merger?
Ethereum will face big changes on September 15, so the main question arises about where Ethereum miners will go. Ethereum Classic miners are likely to be one of the main beneficiaries of the transition to Proof-of-Stake.
Ethereum miners face drastic changes after the network switches to the Proof-of-Stake (#PoS) consensus mechanism from the Proof-of-Work (#PoW) system, and their role is effectively terminated, which forces them to look for #alternative sources of income.
There is a whole bunch of coins that miners will be able to mine after the Ethereum merger. Currently, the most profitable coins after Ethereum are #Ravencoin, #Firo, #Cortex, #Ergo and Ethereum Classic.
#CryptoCurrency #ETC #RVN #ERG #Mining
The team of a potential fork of #Ethereum on the Proof-of-Work (#PoW) consensus algorithm clarified some details of the launch of the main network for community members.
"ETHW Core: An open letter to the Ethereum community [3/9]: Mainnet Launch and ETHW Mining Pool
It seems that the Ethereum Foundation will not slow down moving to PoS, so it’s time to talk about #ETHW, the PoW chain, which is the backbone that the #Web3 is currently built upon.
1/n"
They reminded that the fork will be launched within 24 hours after The #Merge. To do this, you need to perform actions that will take some time. These include preparing a copy of the blockchain before the merger and checking the correct switching of the chain identifier.
After starting the network, the ETHW Core team also needs to make sure that the nodes are synchronized and working properly.
According to them, in addition to the pools that announced support for the #fork BTC.com , #Poolin and #f2pool, several other platforms interact with the testnet to check the operation of the equipment. ETHW Core also cooperates with the #EthwMine pool, which will become a provider of analytical data for the network and a "backup platform" for miners.
The team did not recommend that users synchronize the #blockchain data to run full nodes, as this will take about seven days. The developers have prepared a torrent link to download the snapshot 48 hours before The Merge. According to their estimates, it will take 3-5 hours to receive data with a volume of approximately 1.1 TB.
The #EOS Network ecosystem is preparing for an important update, in which the project will abandon the past "inattentive" developers
On Wednesday, September 21, the EOS #Network project will update Leap 3.1, which will get rid of the former "inattentive" developers. This is reported on the official website of the project.
As part of the update, the project will abandon the services of #EOSIO developers in favor of key participants of the EOS Network Foundation (#ENF). The developers have already called on the owners of network nodes to remove outdated plugins, as well as change #configuration parameters before updating. Practical steps for updating the node can be found on the official EOS website.
According to the official documentation, the update mostly concerns blockchain developers and #network participants (node owners), rather than ordinary traders and investors. As part of the fork, the technical component of the EOS #blockchain will change, but users should hardly wait for the appearance of a new #cryptocurrency, as it was, for example, with bitcoin.
The EOS community has long been in conflict with the current developer, Block.one. Earlier, the editorial board wrote that the EOS Network Foundation (ENF) intends to recalculate the losses incurred due to violation of the terms of the contract with Block.one. The organization will not demand the previously announced $4.1 billion, but will recalculate financial losses taking into account the interests of the community.
Recall that initially the head of ENF, Yves La Rose, tweeted that the organization intends to "seek damages for $ 4.1 billion." However, almost immediately, community members corrected Rose, noting that, given the changing market conditions in Block.one, organizations owe not $4.1 billion, but more than $12 billion.
#Cloudflare, a company providing secure access to resources and dealing with DDOS attacks, announced support for the #Ethereum "Merger", as well as support for the #Sepolia and #Goerli test networks on Ethereum gateways. The Internet infrastructure giant Cloudflare has made this decision because it provides users and devices with access to the Ethereum network. Cloudflare is the largest Internet infrastructure company with an 80% #market share. Most crypto platforms, including #FTX, #KuCoin, #Kraken, #Coinbase, #WazirX, #eToro, #CoinMarketCap, #Coingecko, Nexo and others, depend on Cloudflare in terms of internet connectivity. Due to the fact that the Cloudflare Ethereum gateway will support the Sepolia and Goerli test networks, users will be able to use the "Merge" test networks for testing and developing decentralized applications (#dApps), as well as for testing updates on the #network.
It is expected that by 2030 the value of tokenized assets will reach $16 trillion, which will amount to 10% of global #GDP. The current figure is $310 billion. This is stated in the report of the global consulting firm #BCG and the digital exchange for private markets #ADDX. The study notes that the growth in the use of tokenized assets is expected in real estate, stocks, bonds and investment funds, as well as in patents.
The report says that #tokenization and fractionation reduce barriers to investment in private markets by drastically reducing the minimum lot sizes. In addition, the document lists five signs that asset tokenization may be on the verge of global adoption.
#token #CryptoCurrency #invest
#Bitcoin's six-day rally ended with what any rally ends with: a fat red candle. Impressionable traders were unpleasantly surprised by #inflation in the United States.
Bitcoin has been growing almost continuously from September 7 to the present day. According to the Cryptovizor cryptocurrency screener, which calculates the #market price of BTC/USD based on the results of trading on seven major exchanges, the maximum value of the asset rate corresponded to $22,912. However, the growth was interrupted by the publication of inflation data, and the price of the cryptocurrency collapsed in a few hours to $20,672 (that is, by 9.8%).
According to the Coinglass #network monitoring resource, the total amount of liquidations of long positions on cryptocurrency exchanges reached $187 million per day.
In addition, the #CryptoQuant analytical platform reported that 84,000 #BTC were received on the exchanges today, which is the maximum value since July 1.
Bears began to dominate the market after it became known that the US consumer price index (#CPI) was 8.3% year-on-year in August against the forecast of 8.1%. The difference of only 0.2% was enough to bring down bitcoin. And this is despite the fact that inflation has decreased by as much as 0.8% compared to July.
The announcement of unexpectedly high inflation has increased the likelihood of a key rate hike by the Federal Reserve by 75 or 100 basis points next week, which will put pressure on already volatile risky asset markets. To date, the value of the rate is 2.5%.
The US stock market also had problems: the S&P 500 index fell by 3%, and the Nasdaq Composite — by 4%.
#CryptoCurrency
The Norwegian company #Opera has added support for #MetaMask and other leading cryptocurrency wallets to the cryptobrowser on the eve of The #Merge in Ethereum.
Users will be able to select the necessary wallet directly in the address bar using the Wallet Selector function.
The solution automates the process of switching between applications when exchanging tokens or transactions with #dapps.
The feature became part of the browser update, which the developers called "one of the most significant" in the history of the product.
The update has strengthened the protection of users from hacking and phishing.
Opera Crypto Browser has also allowed the use of human-readable wallet descriptors, including email addresses and #ENS domains.
A new section has appeared in the Crypto Corner information block — Hot Tweets. The section includes the latest popular tweets about cryptocurrencies.
The PancakeSwap #DeFi application based on #BNB Chain was integrated into cryptobrowser, which simplified token trading directly from the wallet.
According to the developers, the update "made #Web3 a step closer to serving users familiar with Web2 on the eve of The #Merge in Ethereum."
Last week, there was a large outflow of capital from investment funds based on the #Ethereum (ETH) cryptocurrency. The report of the financial company CoinShares states that from September 5 to September 11, #ETH funds lost $61.6 million. At the same time, in 2022, the outflow of funds from these investment products has already amounted to $ 360.360 million.
The capitalization level of #bitcoin funds has also decreased, but to a much lesser extent, it is likely that the sharp drop in the amount of funds invested in Ethereum is due to fear for the future of the #cryptocurrency, which inspires the hearts of investors with the "Merger" update scheduled for September 15. If the upgrade of the #blockchain is successful, then we can expect an influx of capital into the funds.
The value of the market offer of the #Binance USD (BUSD) #stablecoin has surpassed the $20 billion mark.
And yet several times the asset significantly deviated from parity with the dollar:
- Against the background of a deep drop in the market on May 10, 2020, the BUSD price fell to $0.938, but soon recovered;
- On January 5, 2020, the market value of the stablecoin decreased to $0.98, then returned to the target mark;
- On February 28, 2021 and July 1, 2022, the #BUSD price reached $1.01.
Binance USD ranks 3rd in the rating of stablecoins from #CoinGecko, significantly lagging behind #Tether (USDT) and USD Coin (USDC) by capitalization.
The total trading volume of BUSD is more than twice the corresponding USDC indicator, but three times lower than that of #USDT.
#CryptoCurrency
The EtherumPow (#ETHW) team announced plans to launch a blockchain supporting mining within 24 hours after the transition of the main #Ethereum network to the Proof-of-Stake protocol. The exact start time of the network will be announced 1 hour before the event with the countdown timer turned on, the developers said in a message on Twitter.
The Ethereum #update is expected to take place on September 15 and will mean the termination of #mining of the leading #altcoin. In this regard, the crypto community has divided into two camps: some of the participants support the concept of stacking proposed by the developers, and the other part remains committed to the version of the network based on mining.
The initiator of the #EtherumPow project was the famous Chinese miner Chandler Guo, who announced the development of a hard fork on July 27 of this year. This is not the first time he supports saving the old version of Ethereum. In 2016, when the "Ethereum Classic" (#ETC) emerged as a result of the hard fork, the Chinese miner was the main supporter of its creation.
At the time of the launch of EtherumPow, the final code, program files, system configuration, node data, and other information about the #blockchain will be made public. First, EthereumPoW will launch 2048 empty blocks to ensure successful switching to the new #network and prevent duplication of blocks on ETH and on ETHW.
#CryptoCurrency #HardFork #Fork
On September 19, the #Huobi trading platform excluded trading pairs with seven confidential cryptocurrencies: #DASH, #DCR, #FIRO, #XMR, #XVG, #ZEC and #ZEN. This is due to the tightened pressure of regulators. According to Huobi's statement, the exchange strictly complies with the requirements of regulators. In accordance with Article 17 (16) of the Huobi Global Crypto Asset Management Rules, on September 6, the exchange stopped buying and selling DASH, DCR, FIRO, XMR, XVG, ZEC and ZEN. On September 19, at 8:00 UTC, these crypto assets will have to complete delisting.
On September 12, Huobi stopped making deposits using these digital assets, but their withdrawal is still available. The experts of the platform recommended that users cancel open orders with the listed cryptocurrencies, otherwise the #exchange will cancel them automatically when #delisting.
#CryptoCurrency
@BOMBERuss
