Why Ethereum “Merge” Will be the Game Changer For Crypto Forever
The most significant shift to Ethereum in its seven-year history is expected to happen in a few weeks. The “proof-of-work” security mechanism used up until now to protect the Ethereum blockchain uses more energy than Belgium as a whole. Adopting a new “proof-of-stake” technique will reduce Ethereum’s energy use by 1,000 starting next month.. However, […]
How TDS On Cryptocurrency In India And Other Virtual Digital Assets Will Operate Starting On July 1,2022
On June 22, 2022, the Central Board of Direct Taxes (CBDT) published a circular describing the tax deduction process for virtual digital assets (VDA) transfers and cryptocurrencies. Beginning on July 1, 2022, new TDS regulations regarding VDA and crypto will be in place. What Is Stated In The TDS On VDA And Crypto Law? The […]
The Ropsten Testnet Is Now Live With Ethereum’s Merge Upgrade.
If the planned trial update on the Ropsten public testnet proceeds as planned later today, Ethereum’s Merge—the blockchain’s much-anticipated move from its current proof-of-work (PoW) mechanism to a proof-of-stake (PoS) consensus algorithm—will be one step closer. Ropsten is Ethereum’s oldest testnet, having been launched in 2016. It enables for blockchain development testing prior to deployment […]
The ‘giant Cup & Handle pattern’ on Ethereum supports the $6.5K ETH price target
The bullish outlook emerges as ETH price decline stalls near its old cup-and-handle resistance level, which is now acting as support, raising the prospect of a strong rebound ahead. Ether (ETH), Ethereum’s native asset, may recover nearly 60% in the coming sessions as bulls hope for a classic bullish continuation pattern. After completing a cup-and-handle […]
Daily Crypto News – El Salvador Converting Their USD to BTC amidst Rises in Bitcoin Interest
https://crypto-labs.s3.amazonaws.com/2021/10/News-Oct-18th.m4aPodcast: EmbedEl Salvador Converting Their USD to BTC amidst Rises in Bitcoin Interest El Salvadorans are utilising US money to purchase bitcoin as interest in the asset class grows. A month after El Salvador’s Bitcoin law went into force, interest in the cryptocurrency has continued to rise as a higher number of citizens change their […]
ETH (Ethereum)Bears Keep Pushing
ETH (Ethereum) was unable to break through the $3,650 resistance level against the US dollar. The price of ETH is falling, and it may fall below $3,450 in the near future. Ethereum has struggled to gain traction above the $3,600 and $3,620 support levels. The price is currently trading below $3,550 as well as the […]