Ethereum is reversing and $1,600 level is imminent, as the crypto began a robust rebound from the $1,425 level against the US dollar. Now Ethereum has risen above $1,500 and may even surge towards the $1,600 mark. Above the $1,425 level, Ethereum has been strongly supported. The price is currently trading above $1,500 and above the 100 hourly simple moving average. On the hourly chart of ETH/USD, there was a break over a crucial negative trend line with resistance above $1,485. More advances are expected over the $1,560 and $1,565 resistance levels. Ethereum is reversing and $1,600 level is im ..read more

Vitalik Buterin says that his influence over the Ethereum network decreases as Merge nears. He stated that his control over the network has dwindled over the last two years as many new engineers have taken on numerous positions. Buterin stated in an interview with economics blogger Noah Smith that he has long desired for Ethereum to evolve into an environment “where my influence may reduce simply because so many other fantastic voices begin to flourish and express themselves.” “In 2015, I was basically doing 80% of the ‘research’ in Ethereum, and I was even doing a large chunk of the Python ..read more

The strangest bear market in history is unfolding in front of our very eyes. Even while the death spirals and Chapter 11 bankruptcies that triggered it seemed to come out of nowhere, it appears that most individuals were prepared for it. In any event, all of the coins are in the red. Fear, uncertainty, and doubt should pervade the market. That is not the case for the two most popular cryptocurrencies. Although the conditions are different in each case, both markets exhibit signals of unshakeable confidence. It truly is the strangest bear market in history. Long-term investors of Bitcoin and E ..read more

Vitalik and Armstrong discuss the ETH PoS change as the Merge approaches, as both of them think that their support for the change from PoW to PoS is a consequence of a gradual shift in viewpoint and good community actions. As you know Vitalik Buterin is the co-founder of Ethereum, while Brian Armstrong is from Coinbase. PoS Was A Questionable Method Once On the Around the Block podcast, the two were joined by Coinbase procedure expert Viktor Bunin for an in-depth discussion of The Merge, which is set to take place in mid-September 2022. Vitalik and Armstrong discuss the ETH PoS change on the p ..read more

Vitalik Buterin publishes a compilation of his writing in a book format which anyone can buy with ETH as an e-book, or if you want to go the traditional route, you can just use cash on popular sites like Amazon, or wherever to book can be found. With summer coming to a close and fall approaching, Ethereum (ETH) co-founder Vitalik Buterin is joining the race for this year’s crypto-related bestseller with the upcoming release of Proof of Stake, a compilation of his writings over the last ten years. Buterin tweeted that the book would be available in both physical and digital formats on September ..read more

Analysts advise ETH users to avoid transacting during the Merge day because many things can go wrong on the day of the big update. With Ethereum’s (ETH) Merge approaching, the hazards that the event may bring are being discussed more openly, with crypto researcher Coin Metrics referring to price differences in DeFi protocols as one clear concern, and encouraging users to avoid trading at all on the day of the Merge. Coin Metrics stated in a recent paper titled Mapping Out The Merge that while the Merge will help Ethereum overall, “a lot may go wrong in a network move of this size.” Because of ..read more

Ethereum Merge might cause a big tax bill for investors, according to tax experts. These experts said if hodlers do not play their cards well, they may face a significant tax change after the much anticipated ETH event. The Ethereum blockchain is slated to migrate from its current proof-of-work (PoW) consensus method to proof-of-stake (PoS) around September 15, with the goal of reducing the network’s environmental effect. There is a potential that The Merge will create a controversial hard fork, causing ETH holders to get duplicate units of hard-forked Ethereum tokens, similar to what happened ..read more

Ethereum saw a technical correction recently, sadly it is correcting downwards and must float above the minimum level in order to continue its rise later on. Ethereum was unable to hold above the $1,600 barrier level versus the US dollar. ETH is correcting downward and must remain above $1,540 in order to continue rising. Ethereum saw a technical correction which was lower. Ethereum was unable to break through the $1,620 and $1,625 resistance levels. The price is currently trading close to $1,550 and the 100 hourly simple moving average. A substantial rising channel is building on the hourly c ..read more

Bitcoin reclaims the $20,000 throne while ETH rises on the chart. The volatility of cryptocurrencies and Bitcoin has remained a powerful influence in determining its profitability and investment appeal. The harsh crypto winter in the first half of 2022 devastated various coins as well as crypto-related companies and services. The collapse of the Terra-LUNA ecosystem exacerbated the devastation. Though the second half of the year provided some respite from the negative trend, it did not last as long as many anticipated. Instead, the bears have taken control of the market during the last two wee ..read more

Ethermine the ETH mining pool opens a new ETH staking service. The mining pool has announced a new staking pool for customers ahead of the upcoming Ethereum (ETH) Merge on September 15. Notably, it is not available to miners in the United States. The new service allows Ethermine members to pool their ETH and earn interest on top of their deposits. To participate, as little as 0.1 ETH ($159) is necessary. However, the cost increases as the holding size decrease. The website is now offering a 4.43% yearly ETH interest rate to investors. At the time of writing, 393 Ether was invested in Ethermin ..read more