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Ethereum co-founder Vitalik Buterin said the upcoming blockchain's merge to proof-of-stake consensus would not adversely affect miners minting new tokens on the blockchain's predecessor, Ethereum Classic. The post Buterin Says PoW Validators Flocking Back to Ethereum Classic Won't Disrupt Merge appeared first on BeInCrypto.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Over the last few weeks, Ethereum Classic's [ETC] gradual growth plateaued in the $38-$39 range.
Ethereum's co-founder Vitalik Buterin on Saturday said the Ethereum transition from proof-of-work (PoW) to proof-of-stake (PoS) is unlikely to be affected by miners moving to Ethereum Classic. Buterin reaffirms his support for the Ethereum Classic chain saying miners can continue mining Ethereum tokens after the Ethereum Merge.
Ethereum Classic price has risen by 177 per cent since hitting lows of 13.34 on July 13 and today, the bullish trend is poised to continue
Be[In]Crypto takes a look at the five cryptocurrencies that decreased the most last week, more specifically, from July 29 to Aug 5. The post Ethereum Classic (ETC) Retraces After Sharp Increase: Biggest Weekly Losers appeared first on BeInCrypto.
After extending recent gains, bnb rose to its highest point in two months during today's trading session. The move comes following tweets from Binance CEO Changpeng Zhao, confirming a new partnership with Swiss watchmaker Franck Muller. Ethereum classic, on the other hand, was lower for a second straight session.
Ethereum Classic (CRYPTO: ETC) has rallied 140% over the last month, but Messari analyst Tom Dunleavy isn't convinced about its long-term value as an investment. What Happened: “ETC price rose quickly, but looking at fundamental metrics, nothing has changed about this chain,” said Dunleavy in an analyst note earlier this week.
A closely tracked crypto strategist is predicting dips for two altcoins while updating his forecast for Solana (SOL) and ApeCoin (APE). Pseudonymous crypto analyst Altcoin Sherpa tells his 180,700 Twitter followers that smart contract protocol Ethereum Classic (ETC) looks poised for a significant pullback after its steep rally over the past few weeks.
It's unlikely Ethereum Classic has any long-term viability, despite interest by miners, according to Messari.
Ethereum Classic [ETC] just concluded its most bullish month in July, during which it soared by more than 200%. If you hold ETC, chances are that you are wondering whether to sell or whether to hold in anticipation of a more bullish recovery.
The world's first cryptocurrency, Bitcoin has yet again lost its $23,000 price range as the currency is hovering around the $22,000 price area. At the moment, Bitcoin is trading at $22,943 with a fall of 0.29% in the last 24hrs.
Bitcoin price traded close to the key USD 22,500 support zone before moving higher again. BTC is currently (04:12 UTC) consolidating near USD 22,900 and is unchanged in a day and up almost 8% in a week.
Ethereum Classic (ETC) likely initiated a bullish trend reversal on June 18. However, it has been falling since July 29, potentially retracing in response to the entire preceding upward movement.
According to Chandler Guo, an influential Chinese bitcoin miner, a proof-of-work (PoW) version of Ethereum is “coming soon.” The news comes as The Merge is expected to be implemented on Ethereum during the week of September 19, and the growing discussions of delaying the highly anticipated proof-of-stake (PoS) transition.
Most of the altcoins traded in red today, while some cryptocurrencies tried to counter the crypto market's bearish trend.
On Monday (August 1), Ethererum ($ETH), the second-most valuable cryptoasset by market cap, is trading around $1,675, after an excellent performance in July (despite the fact that we are still in a bear market). According to data by TradingView, on crypto exchange Coinbase, the $ETH price went from $1091.56 to $1687.
The brotherly altcoins of ETH & ETC got their second breath right before ETH 2.0.
Ethereum Classic is up over 150% in July as ETH 2.0 nears and a merge is slowly becoming reality. After Ethereum (ETH) developers revealed the date for The Merge, interest in Ethereum Classic rose.
Ethereum Classic's (ETC) value increased by over 150% in July, making it one of the top performing digital assets of the month. The post Ethereum Classic up over 150% in July as ETH 2.0 draws closer appeared first on CryptoSlate.
Staking solution Lido DAO (CRYPTO: LDO) and Proof-of-Work blockchain Ethereum Classic (CRYPTO: ETC) were the best performing cryptocurrencies last month, posting triple-digit gains in July. The positive price action was largely driven by optimism around the Ethereum (CRYPTO: ETH) Merge, causing a surge in retail interest for LDO and ETC.
Ethereum blockchain's potential transition from proof-of-work to proof-of-stake (Merge) has triggered a buying hysteria around the hype. Well, not just for ETH, but also for related cryptos such as Ethereum Classic.
Leading cryptocurrencies have continued making large gains this week, thus maintaining the market's overall positive price movement from last week.
ETC increased 45% in one week as Bitcoin recorded a 6-week high ever since Vitalik Buterin suggested about miners switch to Ethereum Classic so let's have a closer look at today's latest ethereum classic news.
Ethereum Classic will continue to use proof-of-work (PoW) consensus
