As Ethereum Merge Happens, Another Crypto Sees Unexpected 66% Rally: Vitalik Buterin Says 'Celsius' Converted To 'Fahrenheit'

The native token of the Celsius Network (CRYPTO: CEL) unexpectedly rallied 66% immediately after the Ethereum (CRYPTO: ETH) Merge, leaving many market participants confused. What Happened: CEL surged from around $1.9 to a high of $3 within 60 minutes of the Ethereum Merge on Sept.

Timeline of Celsius, Ethereum

Reports have claimed that several Ethereum mining pools have plans to support the new EthereumPOW. The developers of the new digital asset also confirmed the arrangement following the successful completion of the Merge earlier today.

The long-awaited revamp, which is known as "The Merge," will reduce ethereum's energy consumption by nearly 99.95%, according to the Ethereum Foundation, a nonprofit organization dedicated to supporting the cryptocurrency and its related technologies.

The much-awaited “Merge” event has been completed, transitioning Ethereum into a vastly more energy-efficient one and marking the end of a five-plus year wait by the Ethereum community.

The last block mined before Ethereum moved to proof of stake was used solely to mint an NFT on a pair of eyes. The post Final proof-of-work Ethereum block used to create ‘vanity' NFT appeared first on The Block.

As the countdown to the final moments of the big Ethereum (ETH) Merge began, co-founder Vitalik Buterin joined a live stream hosted by the Ethereum Foundation to share his final thoughts. He expresses his gratitude and happiness by saying that he is “excited about exiting from the proof-of-work era.

Input Output CEO Charles Hoskinson said the Merge changes nothing in terms of performance, operating cost, and liquidity. The post Charles Hoskinson points out Ethereum's Merge changes nothing appeared first on CryptoSlate.

The much anticipated Ethereum [ETH] Merge has finally happened and has been announced successful. The transition to Proof-of-Stake (PoS) of the second most significant blockchain will now make ETH more energy efficient after years of delay.

With The Merge complete, tokens adjacent to Ethereum or in the ecosystem have seen significant gains. The post Ether and related Ethereum tokens pull back following Merge price bump appeared first on The Block.

Ethereum (ETH/USD) is the second largest cryptocurrency in terms of market capitalization, and it is the home to thousands of decentralized applications (dApps), which power Decentralized Finance (DeFi) as well as non-fungible tokens (NFTs).

Ethereum, the blockchain that underpins the world's second-largest crypto token ether, on Thursday underwent a major software upgrade that slashes the amount of energy needed to create new coins and carry out transactions.