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Ethereum (ETH) Enters $2000 Range as Merge Draws Nearer

Ethereum broke above the $2,000 range for the first time in two months, continuing its bullish run following the success of the final testnet merge.

The post Ethereum (ETH) Enters $2000 Range as Merge Draws Nearer appeared first on BeInCrypto.

Ethereum broke above the $2,000 range for the first time in two months, continuing its bullish run following the success of the final testnet merge.

With its merge all but confirmed for September 15, investors have taken a more keen interest in the digital asset.

According to Coingecko data, Ethereum has risen by as much as 79% within the last 30 days and by over 15% within the last seven days.

Several market experts like BitMEX’s founder Arthur Hayes have predicted that the merge could help push the asset above $5,000.

There is also increased chatter of ETH flipping Bitcoin if the asset is able to trade as high as $3,750.

Meanwhile, the merge has scored major support from stakeholders in the Ethereum ecosystem, like Tether, Chainlink, and Circle, who have already said they will only support ETH2.

Crypto Market on the up

ETH is not the cryptocurrency that has seen its value rise in the past 24 hours. In fact, over 70% of tokens in the top 20 cryptocurrencies by market cap saw their value rise during the period.

Bitcoin strengthened its break above the $24,000 region with a 2% increase and is now up 20.8% in the last 30 days.

However, some of the biggest gainers in the last 24 hours are Solana and Polygon.

SOL rose 9.1% in the last 24 hours to trade at $47.38. This is remarkable given the struggles of the Solana network and the recent wallet breach that led to the loss of millions.

Furthermore, MATIC saw its value jump above $1 after an 8.4% rise in 24 hours. The token has been one of the best performers in the last 60 days, with a 135% increase.

The crypto market has been up by 0.5% in the last 24 hours.

Tornado Cash Sheds 50% in 7 Days

Tornado Cash’s token TORN has seen its value plummet by over 50% within the last seven days to $12.77.

Tornado Cash has been in the news this week after the US Treasury department added it to its sanctioned list.

The crypto mixer suffered further blows after its developer was arrested by the Dutch authorities.

Available data also showed that less than $6 million was deposited into the mixer since the sanction was imposed.

For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here.

The post Ethereum (ETH) Enters $2000 Range as Merge Draws Nearer appeared first on BeInCrypto.

Source: Markets – BeInCrypto

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Altcoins

Tezos upgrade Kathmandu goes live on mainnet

Tezos upgrade Kathmandu goes live on mainnet

Kathmandu has introduced several new features set to improve network scalability and security. Tezos,…

The post Tezos upgrade Kathmandu goes live on mainnet appeared first on CoinJournal.

Tezos upgrade Kathmandu goes live on mainnet

Kathmandu has introduced several new features set to improve network scalability and security.

Tezos, the layer 1 proof of stake blockchain designed to self-upgrade and evolve as it scales amid adoption, has successfully activated the latest protocol upgrade on the mainnet.

On Friday, the 11th upgrade dubbed Kathmandu went live on the Tezos PoS network at block 2,736,129, following a community adoption.

As noted in the proposal that ran from 9-23 September, the new upgrade comes after another named Jarkata went live on 28 June, 2022. The upgrade proposal was made by Tezos contributors and research firms Nomadic Labs, DaiLambda, Marigold, Oxhead Alpha, TriliTech, Tarides, and Functori & Tweag.

Upgrade brings new features

Kathmandu’s activation keeps with Tezos’s regular schedule and as with previous protocol changes, this adds a number of features set to massively improve on scalability.

These include smart contract optimistic rollups, pipelined block validation that’s set to improve transactional throughput, and improved randomness for enhanced network security- this is achieved via verifiable delay functions. 

Other features added include tailored governance via new permanent testnets that allow for more room for developers to experiment, event logging and increased paid storage for smart contracts.

Tezos launched in mainnet in 2018, with the network going live following an initial coin offering in 2017.

The post Tezos upgrade Kathmandu goes live on mainnet appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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