The second-largest token dropped as much as 3% on Friday and was trading around $1,475 as of 8:33am in Tokyo following a more than 6% slide on Thursday. Ether is paring a rally since mid-June sparked in part by optimism about the Ethereum update – the Merge – to slash the network’s energy use.
“Now the excitement around the Merge is done, and we don’t have a catalyst for Ethereum in the short term,” said Martha Reyes, head of research at BeQuant, crypto exchange and prime broker. “It would be natural to expect a bit of rotation back” into Bitcoin, Reyes added. Bitcoin dropped about 1% and was trading below $20,000. Smaller coins such as Cardano, Polygon and Solana were also under some pressure.
Ethereum’s revamp makes it vastly more energy efficient and paves the way for it to scale up and become quicker, the network’s developers have said. The move to a so-called proof-of-stake approach from proof-of-work was years in the making and seems to have gone smoothly, though hiccups remain possible., co-founder Prysmatic Labs and an Ethereum developer, said on Bloomberg Television.
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Business Maverick: Crypto markets brace for historic upgrade of Ethereum blockchainCryptocurrencies traded in tight ranges on Thursday as the clock ticked down to a major software upgrade of Ethereum, the most commercially important blockchain in the digital-asset sector. 💸💰
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Business Maverick: Ex Trump chief of staff complies with subpoena over 6 January eventsFormer White House chief of staff Mark Meadows, who served under Donald Trump, has complied with a subpoena from the Justice Department’s investigation into the events surrounding the attack on the Capitol, CNN has reported. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
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Business Maverick: Opposition Candidate Touts Pro-Business Plan Before Nigeria VoteNigeria’s main opposition presidential candidate Atiku Abubakar promised a “warm handshake with the private sector” if he wins elections scheduled for February.
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Business Maverick: Visa warns merchant codes won’t show customer gun purchasesVisa has warned a new system that gun-control advocates are saying will limit mass shootings might not have the desired effect. I'm really grateful for all the efforts you have render to me with my little investment of R4000 and with joy over me after withdrawing R50,000 with your help Catherine_nico thank you for everything you have done for me and my family Catherine_nico Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
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