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…
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…
Cypto investors saw a renewed interest in the crypto markets in the last seven days with ‘Merge’ approaching. The crypto market cap breached the $1 trillion mark after two weeks, Bitcoin rose 3 per cent and Ethereum rose over 6 per cent. However, experts believe that the investors must continue the wait-and-watch approach. “It is…
The cryptocurrency market appears by some measures to be poised to break out of the narrowest trading range in almost two years. Based on one gauge, the leverage ratios for the two largest tokens by market value — Bitcoin and Ether — are at the highest on record even with prices of both down more…
Despite laying off 1100 employees, leading cryptocurrency exchange Coinbase, its full-time employee count stood at 4,977 at the end of the June quarter (Q2) — a 33 per cent rise from the 3,730 workers it had at the end of Q4 2021, a report showed on Monday. According to data provided by niche news publisher…
