ETH Merge: CoinGecko co-founder shares strategy for forked tokens
Bobby Ong tweeted that holders can bridge their tokens back to the mainnet, unwrap their Ether and remove their liquidity to maximize ETH PoW airdrop eligibility. Many believe that after Ethereum transitions to proof-of-stake (PoS), a faction of Ether (ETH) miners will be creating a proof-of-work (PoW) fork of the network so that they can still keep mining. An executive believes that there are ways for ETH holders to take advantage of this upcoming event. In a Twitter thread, Bobby Ong, the co-founder of token information website CoinGecko, shared his strategies when it comes to the....
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The upcoming ETH Merge remains a highly anticipated and hyped event in the crypto space. Also, it has created different reactions and beliefs among institutional participants. The Merge is a transition to a Proof-of-Stake consensus mechanism from Proof-of-Work. Also, the scheduled launch date is on September 15, 2022. However, as the date for the Merge […]
The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler delivered a speech on crypto and regulations. Gensler reiterated his belief that most digital assets are classified as securities under U.S. law and called for companies to register under SEC supervision. Related Reading: Coingecko Co-Founder Shares Thought On Forked Tokens Ahead Of ETH Merge Gensler […]
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the Ethereum (ETH) merge and how it might impact the crypto market. On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss the Ethereum Merge and how it might impact the crypto marketTo kick things off, we broke down the latest news in the markets this week.Surge or purge? Why the Merge may not save Ether (ETH) price from "Septembear." Options data, macroeconomic catalysts and technical signals suggest a decline in Ether price is on the table despite the Merge. Ethereum’s....
Forked coins have proven to be lucrative in the past. Holders of Ethereum came to possess an equivalent amount of Ethereum Classic when it forked in 2016. Ethereum's blockchain Merge is expected to take place around 05:05 UTC on Sept. 15. It is a milestone that marks a full transition towards Proof-of-Stake (PoS) for Ethereum, and eliminates the need for energy-intensive mining by a projected 99.9% when compared to Proof of Work (PoW).Some miners are also getting ready for a hard fork that would allow them to continue using PoW consensus. Forked coins have proven to be lucrative in the....
Investors have been crafting their strategies for navigating the volatility which could arise as the Ethereum Merge takes place. Here’s a few to consider. The Ethereum network’s long-awaited transition from proof-of-work to proof-of-stake is set to occur on Sept 15 to Sept. 16 and for the last year traders and analysts have been discussing various outcomes for the upgrade and possible trading strategies. Let’s take a look at three options investors and traders have. Hodl ETH to earn the expected “hardfork” tokenThe first strategy is relatively simple. Traders can simply buy Ether (ETH) in....