Ethereum has completed a key revamp of its blockchain network, marking the crypto world’s most-ambitious software upgrade to date. As a result, Ethereum’s carbon consumption will decline by an estimated 99 per cent. Called the Merge, the upgrade completed in the early hours of Thursday, Ethereum co-founder Vitalik Buterin tweeted. The change replaced power-hungry computers…
The Indian blockchain industry on Thursday hailed the historic upgrade of Ethereum, known as the ‘Merge’, that will create a more energy-efficient network based on the second largest cryptocurrency (after Bitcoin) with a promise to save the environment. The Merge was the most complicated upgrade to Ethereum to date– from a proof-of-work consensus mechanism to…
By Elizabeth Howcroft and Maria Ponnezhath LONDON (Reuters) -The Ethereum blockchain has undergone a major software upgrade, drastically reducing its energy usage, its inventor and co-founder tweeted on Thursday. The new system will use 99.95% less energy, according to the Ethereum Foundation. The upgrade, which changes how transactions occur and how ether tokens are created,…
The US inflation for September was recorded at 8.3 per cent year-on-year (YoY), signalling a slower-than-expected fall in high prices. This led to a sharp sell-off in the global markets. The impact of the figures was more pronounced in the crypto market. And according to experts, it is here to stay. “The entire [crypto] market…
There’s no simple answer to how much money you’ll need to save to buy a house. A variety of factors come into play, including the price of homes in your area, your down payment, and your borrowing power. Still, these are some general guidelines you can follow: How Much Cash Do I Need to Buy…
Financial independence is a huge milestone for any young person. It marks the point at which you are no longer relying on your parents or guardians to support you financially and are instead responsible for managing your own finances. For many young people, this can be a daunting prospect. After all, financial management is not…
Binance Holdings Ltd.’s billionaire Chief Executive Officer Changpeng Zhao is tightening his grip on India’s market for cryptocurrency trading in the fallout from a major tax change. Downloads of Binance’s app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX, data from market intelligence firm Sensor…
A 26-year-old Indian citizen has pleaded guilty in the first-ever cryptocurrency insider trading case in the US, in which he along with his brother and their Indian-American friend made ill-gotten profits totalling over a million dollars. Nikhil Wahi, a citizen of India and residing in Seattle, on Monday pleaded guilty to wire fraud conspiracy and…
For years, ether could barely dream of challenging its big brother bitcoin. Now, its ambitions may be becoming more realistic. The second-biggest cryptocurrency is taking market share from bitcoin ahead of an all-important “Merge” software upgrade that could sharply reduce the energy usage of its Ethereum blockchain, should the developers pull it off in coming…
The Cryptocurrency market is up by $1.13 trillion today and witnessed a 1.1 per cent change in the last 24 hours. The total crypto market volume is $79.36 billion in the previous 24 hours. The bitcoin price is Rs 1,764,051, while Ethereum is Rs 139,242. So, here we have listed the prices of renowned cryptocurrencies…
