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CATEGORY: ethereum eth


The FREE Coin All Ethereum Holders Get Once Ethereum 2.0 Goes Live - Top Exchanges Confirm They WILL List It...

Author: noreply@blogger.com (Silicon Valley Newsroom)
United States
Sep 07, 2022 08:55

The FREE Coin All Ethereum Holders Get Once Ethereum 2.0 Goes Live - Top Exchanges Confirm They WILL List It...

So it's confirmed - A group of developers are working behind the scenes with Ethereum miners to hard fork the Ethereum blockchain after next week’s merge. This means there will still be a version of the network running on the current Proof-of-Work (PoW) consensus mechanism while the 'official' Ethereum 2.0 blockchain transitions to Proof-of-Stake (PoS).

With that comes a separate and completely independent Ethereum token, currently being called 'ETHPoW' but the coin's official name is still undecided. 

All Ethereum holders will receive ETHPoW automatically, an amount equal to the regular Ethereum you hold...

Major exchanges Binance, MEXC Global, Gate.io, and FTX have already agreed to list and support trading of the forked token. Poloniex is even a step ahead of the rest, and has already listed a placeholder token that will be swapped for the real thing once it's live.

Coinbase and Kraken both say they're open to supporting it, but haven't yet made a full commitment, likely waiting to see if the coin will have any demand or value.

ETHPoW will join the two existing Ethereum tokens - the 'official' Ethereum (ETH) and Etherum Classic (ETC)...

The upcoming 2.0 fork won't be Ethereum's first, the previous fork ended with two coins and two versions of Ethereum - Ethereum and Ethereum Classic. 

To summarize what happened then - in 2016, hackers exploited a security hole in a project called 'The DAO' allowing them to steal about $50 million worth of ETH. A solution was proposed to re-launch Ethereum with the history of the hacked coins completely erased, like it never happened.

How they went about doing this caused a lot of controversy, it was all decided when the proposal was put to a short notice on-chain vote. Only 5.5% of potential voters participated, but since the majority of them voted 'yes', the fork happened.

Those in the Ethereum community who disagreed with the decision simply ignored the change and continued to participate on the original Ethereum network, which became known as Ethereum Classic. 

While Ethereum Classic is considered one of the most successful forked tokens, ETHPoW's Success is far from a 'sure thing'..

When Ethereum Classic started, its support, in large part, came from the controversy that created it.

Some in the community strongly disagreed with the idea of editing the 'true' history of the Ethereum blockchain, and Ethereum Classic kept that intact. Others disagreed with how the decision to fork the coin was made, saying they would support any decision that had over 50% of potential voters backing it, but the fork went ahead without even coming close.  

Ethereum Classic succeeded, and is still active today, because the people behind it truly believed in it.

But when it comes to Ethereum 2.0 - it isn't controversial, it doesn't violate the beliefs of a large portion of the community.  

The only segment of the community united against 2.0 are miners, because once Ethereum has fully moved to the 2.0 Proof-of-Stake consensus mechanism, miners are no longer needed to verify transactions. Their motivation to continue supporting the old version of Ethereum is entirely profit-based. These are the same miners who loved it when we couldn't send $1 on the Ethereum blockchain without paying a $75 fee.

That just doesn't sound like the beginning of a token that will have long term success.

Take a look at the two most successful forks in crypto's history - Ethereum Classic and Bitcoin Cash. All others have faded away, while these two remain in the top 50 because they're backed by a community of supporters who believe their existence is important. You can find their supporters making passionate arguments on where they think the 'official' version of the coin went wrong, and why these alternatives make things right.

This is why dumping ETHPoW as soon as possible may end up being the smartest move... 

There already is an Ethereum alternative for anyone who doesn't want to support the 'official' version - Ethereum Classic. It's already accomplished the hardest part - establishing itself among the small list of coins traders can trust to retain value, and can be found on every major exchange. 

There just isn't a good reason for another alternative - maybe the Ethereum brand is big enough where it finds support even if it isn't necessary. But even forks of Bitcoin that every Bitcoin holder received for free met a quick death, because people didn't believe they needed to survive. 

How to make sure you'll be able to access your ETHPoW as soon as it becomes available...Typically the day forked coins go live, is the day they have the highest value, so if you're aiming to be among the first to trade yours, you'll want to transfer any Ethereum you own off of any exchanges and on to a wallet like Metamask, where you hold the private keys.  

Once it launches, you'll be credited an equal 1:1 amount of ETHPoW for any Ethereum you own, and will be able to access it in the same wallet that holds your regular Ethereum. You'll need to switch networks (blockchains) and we'll make sure to post the settings you'll need as soon as that becomes known. 

If your Ethereum is on an exchange they will need to take several additional steps to distribute each users portion, this is because they store multiple users coins together. In the past, some exchange users waited weeks or even months longer than those holding crypto in their own private wallets. 

Do you think ETHPoW has long term potential, or think odds are against it? Tweet us your thoughts @TheCryptoPress


-----------
Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News

Subscribe to GCP in a reader

The FREE Coin All Ethereum Holders Get Once Ethereum 2.0 Goes Live...

Author: noreply@blogger.com (Silicon Valley Newsroom)
United States
Sep 14, 2022 09:05

The FREE Coin All Ethereum Holders Get Once Ethereum 2.0 Goes Live...

So it's confirmed - A group of developers are working behind the scenes with Ethereum miners to hard fork the Ethereum blockchain after next week’s merge. This means there will still be a version of the network running on the current Proof-of-Work (PoW) consensus mechanism while the 'official' Ethereum 2.0 blockchain transitions to Proof-of-Stake (PoS).

With that comes a separate and completely independent Ethereum token, currently being called 'ETHPoW' but the coin's official name is still undecided. 

All Ethereum holders will receive ETHPoW automatically, an amount equal to the regular Ethereum you hold...

Major exchanges Binance, MEXC Global, Gate.io, and FTX have already agreed to list and support trading of the forked token. Poloniex is even a step ahead of the rest, and has already listed a placeholder token that will be swapped for the real thing once it's live.

Coinbase and Kraken both say they're open to supporting it, but haven't yet made a full commitment, likely waiting to see if the coin will have any demand or value.

ETHPoW will join the two existing Ethereum tokens - the 'official' Ethereum (ETH) and Etherum Classic (ETC)...

The upcoming 2.0 fork won't be Ethereum's first, the previous fork ended with two coins and two versions of Ethereum - Ethereum and Ethereum Classic. 

To summarize what happened then - in 2016, hackers exploited a security hole in a project called 'The DAO' allowing them to steal about $50 million worth of ETH. A solution was proposed to re-launch Ethereum with the history of the hacked coins completely erased, like it never happened.

How they went about doing this caused a lot of controversy, it was all decided when the proposal was put to a short notice on-chain vote. Only 5.5% of potential voters participated, but since the majority of them voted 'yes', the fork happened.

Those in the Ethereum community who disagreed with the decision simply ignored the change and continued to participate on the original Ethereum network, which became known as Ethereum Classic. 

While Ethereum Classic is considered one of the most successful forked tokens, ETHPoW's Success is far from a 'sure thing'..

When Ethereum Classic started, its support, in large part, came from the controversy that created it.

Some in the community strongly disagreed with the idea of editing the 'true' history of the Ethereum blockchain, and Ethereum Classic kept that intact. Others disagreed with how the decision to fork the coin was made, saying they would support any decision that had over 50% of potential voters backing it, but the fork went ahead without even coming close.  

Ethereum Classic succeeded, and is still active today, because the people behind it truly believed in it.

But when it comes to Ethereum 2.0 - it isn't controversial, it doesn't violate the beliefs of a large portion of the community.  

The only segment of the community united against 2.0 are miners, because once Ethereum has fully moved to the 2.0 Proof-of-Stake consensus mechanism, miners are no longer needed to verify transactions. Their motivation to continue supporting the old version of Ethereum is entirely profit-based. These are the same miners who loved it when we couldn't send $1 on the Ethereum blockchain without paying a $75 fee.

That just doesn't sound like the beginning of a token that will have long term success.

Take a look at the two most successful forks in crypto's history - Ethereum Classic and Bitcoin Cash. All others have faded away, while these two remain in the top 50 because they're backed by a community of supporters who believe their existence is important. You can find their supporters making passionate arguments on where they think the 'official' version of the coin went wrong, and why these alternatives make things right.

This is why dumping ETHPoW as soon as possible may end up being the smartest move... 

There already is an Ethereum alternative for anyone who doesn't want to support the 'official' version - Ethereum Classic. It's already accomplished the hardest part - establishing itself among the small list of coins traders can trust to retain value, and can be found on every major exchange. 

There just isn't a good reason for another alternative - maybe the Ethereum brand is big enough where it finds support even if it isn't necessary. But even forks of Bitcoin that every Bitcoin holder received for free met a quick death, because people didn't believe they needed to survive. 

How to make sure you'll be able to access your ETHPoW as soon as it becomes available...Typically the day forked coins go live, is the day they have the highest value, so if you're aiming to be among the first to trade yours, you'll want to transfer any Ethereum you own off of any exchanges and on to a wallet like Metamask, where you hold the private keys.  

Once it launches, you'll be credited an equal 1:1 amount of ETHPoW for any Ethereum you own, and will be able to access it in the same wallet that holds your regular Ethereum. You'll need to switch networks (blockchains) and we'll make sure to post the settings you'll need as soon as that becomes known. 

If your Ethereum is on an exchange they will need to take several additional steps to distribute each users portion, this is because they store multiple users coins together. In the past, some exchange users waited weeks or even months longer than those holding crypto in their own private wallets. 

Do you think ETHPoW has long term potential, or think odds are against it? Tweet us your thoughts @TheCryptoPress


-----------
Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News

Subscribe to GCP in a reader

May 14, 2022 03:40

NiceHash has Released 100% LHR Unlock for ETH Mining on Nvidia GPUs

The latest NiceHash QuickMiner (Excavator) is the first mining software to fully unlock Nvidia’s LHR video cards for mining Ethereum (ETH). Do note that currenly all Nvidia RTX 30 series GPUs with v1 and v2 LHR should be supported and being unlocked to full hjashrate when mining Ethereum, but LHR v3 GPUs, namely RTX 3050 […]

Crypto News Cast For May 2nd 2022 ?

Author: noreply@blogger.com (Unknown)
United States
May 02, 2022 11:15

Crypto News Cast For May 2nd 2022 ?


Crypto News Cast ?? 02-05-2022

News SourceWelcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today24hours Cryptocurrency Market Cap:

??MarketCap:          $1711 B
??24h Mcap %:       -6.90%
??Bitcoin Dom:        42.50%

??Active Coins:       4529
??24h Vol %:          -0.18%
??24h Vol:               $85 B

Crypto News Updates :
  • WisdomTree CEO Says The Company Will Bring Passive Blockchain Investments
  • Philipp Plein Believes Crypto Will Play Key Role In His Company
  • Central European Countries Leads As The Most Crypto-Friendly Nations
  • Equinox, A Top World's Most Prestigious Luxury Gyms Will Accept Cryptocurrency
  • Ripple Put 800Million XRP Back Into Escrow, 200Million Added To Circulation
  • In Just 10 Days, Ethereum Whales Have Amassed $407,415,040 In ETH
  • Soccer Club, Shakhtar Donetsk Will Sell NFTs To Raise Humanitarian Funds

Register at the best leverage exchanges

WisdomTree CEO Says The Company Will Bring Passive Blockchain Investments
WisdomTree will be the first asset manager to bring passive investing on the blockchain, according to CEO Jonathan Steinberg, who reiterated the firm's bullishness on the cryptocurrency market. Users will be able to save, spend, and invest in cryptoassets like bitcoin and ether, as well as blockchain-enabled funds and tokenized versions of actual assets like gold, through WisdomTree Prime. Read Full on blockworks.
Philipp Plein Believes Crypto Will Play Key Role In His Company
One of the leading fashion companies in Europe – Philipp Plein International AG – jumped into the world of crypto last year by enabling its customers to pay for clothes, shoes, and other products in cryptos. Philipp Plein – revealed that such settlements accounted for around 3% of the organization’s $105 million online revenue in 2021. He believes that the figures will surge this year, envisioning up to $21 million worth of crypto payments by the end of 2022. Read Full on CryptoPotato.
Central European Countries Leads As The Most Crypto-Friendly Nations
Aviation firm – Fast Private Jet – performed a global study to determine which countries have the most venues where cryptocurrencies are accepted as a payment method. The central European country Slovenia ranked first, while another Central European nation – the Czech Republic – held the second position. Argentina, Japan, Spain, and Colombia rounded up the top 6. Slovenia has 72 shops and 33 sports venues that accept bitcoin or altcoins as a means of payment. Read Full on CryptoPotato.
Equinox, A Top World's Most Prestigious Luxury Gyms Will Accept Cryptocurrency
Equinox, one of the world's most prestigious luxury gyms, has partnered with BitPay, a major cryptocurrency payment processor, to begin accepting cryptocurrencies. Equinox is also far from the first luxury company to embrace cryptocurrencies, with notable designers such as Philipp Plein, the creator of the eponymous fashion house, claiming that cryptocurrency purchases demands were becoming more popular. Read Full on U.Today.
Ripple Put 800Million XRP Back Into Escrow, 200Million Added To Circulation
Ripple has shifted three XRP chunks, ie. 500 million, 200 million, and 100 million tokens back to escrow. Thereby, locking them up until June 1, when the next billion XRP will be released automatically. This is according to the data given by Whale Alert, a cryptocurrency transaction tracker. As a result, Ripple has added 200 million XRP coins to the cryptocurrency market's circulating supply. Read Full on U.Today.
In Just 10 Days, Ethereum Whales Have Amassed $407,415,040 In ETH
Santiment, a cryptocurrency research organization, claims that after four months of inactivity, deep-pocketed Ethereum investors have begun actively accumulating ETH. Whales holding 1,000 to 10,000 Ethereum have suddenly acquired 142,000 ETH, worth roughly $407,415,040 at the time of writing. The increase in accumulation follows a nearly four-month period of stagnation that began at the close of last year. Read Full on The Daily Hodl.
Soccer Club, Shakhtar Donetsk Will Sell NFTs To Raise Humanitarian Funds
FC Shakhtar Donetsk, one of Ukraine's best professional soccer clubs, has launched an NFT collection on Binance NFT, the world's leading crypto exchange's marketplace for non-fungible tokens. Nine signed jerseys from Shakhtar's 'Football for Peace' campaign will be auctioned off. The initiative is to benefit Ukrainian youngsters who have been harmed by military hostilities in their country by staging friendly matches and donating ticket proceeds. Read Full on Bitcoin News.

Crypto News Cast For April 23rd 2022 ?

Author: noreply@blogger.com (Unknown)
United States
Apr 23, 2022 11:15

Crypto News Cast For April 23rd 2022 ?


Crypto News Cast ?? 23-04-2022

News SourceWelcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today24hours Cryptocurrency Market Cap:

??MarketCap:          $1851 B
??24h Mcap %:        7.10%
??Bitcoin Dom:        40.80%

??Active Coins:       4528
??24h Vol %:          -37.89%
??24h Vol:               $65 B

Crypto News Updates :
  • Ridley Scott, A Well-known Film Director Will Produce An Ethereum Film
  • The Australian Prudential Regulation Authority Has Published Roadmap For Cryptocurrency Policy
  • According To Santiment, Cryptocurrency Is Gaining Support On Social Media
  • Argentina Takes Steps To Incubate Cryptocurrency Startups Under Regulatory Scrutiny
  • Leading Luxury Goods Distributor, SFLMaven Is Ready To Accept Bitcoin Payments
  • Leading Payments Company, Stripe Is Partnering With Twitter To Test Cryptocurrency Payouts
  • El Salvador Is Attracting Crypto Millionaires To Invest In The Bitcoin City Initiative
  • U.S State, Tennessee, Is Preparing To Hold Cryptocurrency, Looks For A Custodian

Register at the best leverage exchanges

Ridley Scott, A Well-known Film Director Will Produce An Ethereum Film
Ridley Scott, one of the greatest film directors of all time, will be the next star to enter the cryptocurrency world when he produces "The Infinite Machine," a documentary on the Ethereum network's founding. Camila Russo is the writer of the book "The Infinite Machine." It describes Vitalik Buterin's idea for Ethereum and the network's subsequent growth, and is being adapted into a feature film. Read Full on CryptoPotato.
The Australian Prudential Regulation Authority Has Published Roadmap For Cryptocurrency Policy
The Australian Prudential Regulation Authority, or APRA, sent a letter to regulated firms on Thursday outlining risk management standards as well as a policy roadmap for crypto-asset regulation until 2025. The letter specified risk management methods and requirements particular to a range of scenarios, and it instructed regulated firms engaging in crypto asset activities to cooperate with their supervisory agencies. Read Full on cointelegraph.
According To Santiment, Cryptocurrency Is Gaining Support On Social Media
Users of numerous social media platforms are displaying interest in cryptocurrency, according to popular data provider Santiment in a recent tweet. According to Santiment, the term "pump" reached its highest level of popularity among public social media platforms like Discord, Twitter, Telegram, and Reddit channels. This is indicating that cryptocurrencies are getting some bullish voices again.Read Full on U.Today.
Argentina Takes Steps To Incubate Cryptocurrency Startups Under Regulatory Scrutiny
Argentina has launched a "innovation hub" to support fintech and cryptocurrency firms in a controlled environment. The goal is to pair commercial institutions with Argentine regulators as soon as possible to ensure compliance and trustworthiness. The hub, according to the regulator, is intended to foster and enhance interaction between innovative firms that exist or want to operate in the Argentine capital market. Read Full on blockworks.
Leading Luxury Goods Distributor, SFLMaven Is Ready To Accept Bitcoin Payments
SFLMaven, a leading luxury goods distributor, has revealed a bitcoin allocation on its balance sheet and the desire to accept bitcoin as payment. The corporation began purchasing BTC, saying that a line item for it was added to the balance sheet, and that it will continue to invest on a regular basis. Through 2022, SFLMaven claims that record-breaking cash flows and increased online traffic have allowed them to expand bitcoin diversification. Read Full on Bitcoin Magazine.
Leading Payments Company, Stripe Is Partnering With Twitter To Test Cryptocurrency Payouts
Stripe, the payment behemoth, has announced the launch of a new cryptocurrency trial on Twitter. Stripe's Connect service, which connects businesses to the company's payment APIs, including its KYC onboarding, is set for expansion. The service is available in over 70 countries and accepts a variety of payment methods and currencies. Payouts will be made on the fast crypto network Polygon, and will initially exclusively support Circle's USDC stablecoin.Read Full on Decrypt.
El Salvador Is Attracting Crypto Millionaires To Invest In The Bitcoin City Initiative
Crypto billionaires have been lining up to visit El Salvador, which is now the only country that has made Bitcoin (BTC) legal tender. While El Salvador permits its inhabitants to use Bitcoin to make ordinary purchases, this is not the main draw for visitors visiting the Central American country. Crypto tourists are interested in weighing the pros and cons of investing in Bitcoin City as announced by President Nayib Bukele.Read Full on cryptoslate.
U.S State, Tennessee, Is Preparing To Hold Cryptocurrency, Looks For A Custodian
Tennessee has begun seeking for a contractor to hold cryptocurrency on its behalf. In reality, the Tennessee Department of Treasury has issued a request for proposals (RFP) for a custodian to define how the state's crypto assets, such as Bitcoin (BTC), will be handled. The state currently has no digital assets and is attempting to prepare for the possibility of unclaimed virtual currency being sent to the state's unclaimed property program. Read Full on Finbold.

Sep 12, 2021 07:19

Ethereum’s (ETH) Price Holds $168 Support Amidst Historic Oil Dump

In brief: The price of US Crude oil fell hard to $0 with its futures contracts going as far down as $-40. The once in a lifetime event, shook the crypto markets with Bitcoin (BTC) going back below $7,000. At the time of writing this, the price of Ethereum (ETH) is holding the $168 support zone. Analysts across the world have constantly been calling for a recession but no one was prepared for yesterday’s (April 20th) price action of US […]

Cardano’s Hoskinson says SEC actions debunk Ripple lawsuit conspiracy theory

Author: Oluwapelumi Adejumo
United States
May 09, 2023 01:10

Cardano’s Hoskinson says SEC actions debunk Ripple lawsuit conspiracy theory

Cardano (ADA) founder Charles Hoskinson believes the recent anti-crypto moves by the U.S. Securities and Exchange Commission (SEC) take away the legitimacy of the conspiracy theories being propagated regarding the legal tussle between the regulator and Ripple. In a May 8 tweet, Hoskinson noted that the theory popularized by XRP holders that the SEC was […]

The post Cardano’s Hoskinson says SEC actions debunk Ripple lawsuit conspiracy theory appeared first on CryptoSlate.

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