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Messages - Btceth01

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Rank: Legend
Bech32 address: bc1qr5xgux65ztp497mszt0r7733w0tzkrjga9w8z5

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Telegram username: @Btceth10
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Ethereum’s historic Merge may change the way its native token, ether (ETH), is used, according to Lex Sokolin, head economist of decentralized protocols at software company ConsenSys.
“A fairly large portion of people are going to be staking their ETH in the protocol to secure the protocol,” Sokolin told CoinDesk TV’s “First Mover,” on Monday. “Which in a sense, is going to inevitably turn at least some ETH into a store of value inside of the network.Ethereum is expected to transition from a proof-of-work (PoW) to a quicker and less energy consuming protocol known as proof-of-stake (PoS) in a matter of days. Source

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Ethereum News & Updates / Official EthereumPoW ETHW fork date announced
« on: September 13, 2022, 11:13:48 AM »
Details are revealed behind the official launch of ETHW, the Ethereum proof of work fork.
The EthereumPoW team faces scrutiny over delays in a proposed chainID change, and a last minute release of code.The Ethereum proof of work fork will deploy within 24 hours of The Merge.
That's according to a Twitter announcement by @EthereumPoW, the social media account behind the forthcoming ETHW mainnet, which laid out the plan in a thread detailing the strategy.
An official announcement is expected one hour before the exact time of the network launch. Afterwards the ETHW chainID will switch to 10001, and final code, config files, binaries, as well as other vital materials such as node data, RPC and explorer info will be made available.
To provide sufficient time for the chainID switch to take place, the mainnet will go live at the specified time after 2048 empty blocks are processed, meaning that the first ETHW block to contain any transactions on the mainnet will be the Merge block +2049 according to thread. source

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ETH price is expected to drop by -9.30% in the next 5 days according to our Ethereum price prediction
Ethereum ETH, -1.96% is trading at $ 1,718.93 after losing -3.74% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.24% in the same time period. ETH performed poorly against BTC today and recorded a -4.32% loss against the world’s largest cryptocurrency.According to our Ethereum price prediction, ETH is expected to reach a price of $ 1,559.08 by Sep 18, 2022. This would represent a -9.30% price decrease for ETH in the next 5 days. source

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Ethereum prevented a dip below the threshold after the August dip despite the crippling fear of a crash in the market.
Buying pressure for Ethereum is also declining, which could fuel the active downtrend, resulting in a price fall.
Immediate support for Ethereum lies at $1,429, which is where ETH’s price will be headed if the broader market cues remain bearish.Ethereum’s struggle to breach the $2,000 mark that started back in May this year has failed time and again. The biggest reason is the persisting investor fear thatis keeping the crypto market subdued. source

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With less than two days left until Ethereum transitions to a Proof-of-Stake system, all eyes are pointed at the Merge but many are still worried whether it will change the crypto market for the better.
According to the latest report from analytics company Nansen, the problems a PoS Ethereum will face aren’t dismissible. However, the company believes most concerns are largely unwarranted as Ethereum will weather the storm and emerge as a stronger, more resilient chain.
Merging into a more centralized system?
One of the most heated conversations around the Merge has been about the extent of centralization it will bring to Ethereum.Nansen reports that around 80,000 unique addresses are set to participate in staking on Ethereum. And while the number looks high, looking at the landscape of intermediary staking providers shows that there is quite a bit of centralization taking place.
In total, 11.3% of the ETH supply has been staked, or 13.5 million ETH. Lido, a decentralized liquid staking protocol, accounts for 31% of the total staked ETH. Coinbase, Kraken, and Binance have around 30% of the staked ETH. source

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Bitcoin price displayed strength over the last four days as it finally broke past the $19,000 price zone.
Bitcoin price was consolidating over the past week before this rally. At the moment, the $18,000 price level is acting as strong support for the coin.
Even though the Bitcoin price has stabilized, the $18,000-$19,000 price range remains critical.If the cryptocurrency fails to trade above its present level and falls near $18,000, its next trading zone will be at $15,000. Buyers seem to have returned to the market owing to the relief rally.
Technical indicators have also painted a bullish picture for Bitcoin on the daily chart. Demand for Bitcoin has to remain constant in order for the coin to stay optimistic on its daily chart.The coin could go to $24,000. However, that price level may prove to be a strong barrier for Bitcoin. source

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Central Bank Digital Currencies are a dystopian implementation of money and will only benefit society by encouraging people to adopt bitcoin.This is an opinion editorial by Pierre Gildenhuys, the co-founder of a Hong Kong based social environment tech startup.
Central bank digital currencies (CBDCs) are being actively developed and discussed in many major nations in the world including 19 of the G20 countries, and around 105 others worldwide, as shown by Atlantic Council statistics in 2022. They are being advanced rapidly and it is expected that some nations such as Australia, South Korea and the U.S. will start implementing CBDCs in the near future, following the lead of China, who recently began launching theirs in early 2022.This is not recent news, but it is something which should be periodically mentioned, as it should scare all of us or at least be of some concern to anyone that utilizes any form of money in their daily lives. There is only one potential benefit to CBDCs: Essentially, governments causing the collapse of their own currencies by removing as many properties of money as they can before people realize that it is no longer salable to anyone else in their nation or around the world. source

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Bitcoin’s hashrate is reaching all-time highs, and it’s causing confusion about “the halvening” on Twitter.Bitcoin’s hashrate – the computational effort required to secure the network – is teetering on historical highs, raising concerns from a few people on Twitter about an accelerated Bitcoin halving schedule (the reward for mining a block is halved approximately every four years).
Should they be worried? Not really. Bitcoin’s algorithm prevents acceleration of the halving schedule, a developer highlighted.Bitcoin miners process transactions and compete to add a new block to the Bitcoin blockchain roughly every 10 minutes. Several factors (for example, number of miners or technological improvements) can disrupt that 10-minute rhythm, making it slightly easier or a little more difficult to mine blocks. Source

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Bitcoin is moving in a positive zone above the $22,000 resistance against the US Dollar. BTC could climb higher if there is a clear move above the $22,500 resistance.
Bitcoin settled above the $21,500 and $22,000 resistance levels.
The price is now trading above $22,000 and the 100 hourly simple moving average.
There is a major bullish trend lien forming with support near $21,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is consolidating gains and might eye a fresh surge above the $22,500 resistance.Bitcoin Price Eyes More Upsides
Bitcoin price gained pace for a clear move above the $21,500 and $22,000 resistance levels. The price even settled above the $22,000 resistance zone and the 100 hourly simple moving average.

Recently, it made an attempt to clear the $22,500 resistance zone. A high was formed near $22,473 before the price started a downside correction. There was a move below the $22,200 level. The price traded below the 23.6% Fib retracement level of the upward move from the $21,180 swing low to $22,473 high. source

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The world’s largest cryptocurrency Bitcoin (BTC) continues showing strength and has given a move above the $22,200 level gaining 3% in the last 24 hours. As per the technical charts, BTC is trading at a crucial junction of its 200-day moving average (MA).The last time, BTC had faced a strong rejection at these levels followed by a major correction. As popular crypto analyst Ali Martinez explains:The last time #Bitcoin reached the 200MA on the 12hr chart, it resulted in a steep correction. The TD Sequential now presents a sell signal at the same level, anticipating a retracement. $BTC must print a 12hr candlestick close above $22,950 to invalidate the bearish outlook. source

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Bitcoin (BTC) continues to receive criticism regarding its carbon footprint impact as the asset records significant adoption in different jurisdictions. However, the situation might be changing, especially with mining operators increasingly opting for renewable sources of energy in a bid to reduce carbon emissions.
In particular, Bitcoin is reportedly set to achieve a net zero emission by December 2024, becoming the first monetary system to attain the feat, a new study by BatCoinz indicates.
According to the study, the Bitcoin network currently has 62.4% zero emissions by factoring in carbon-negative mining. By March 2023, the activity is expected to have 72.7% zero emissions based on newly announced carbon-negative projects. more info

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