Ethereum Blockchain Eliminates 99.99% of its Carbon Footprint Overnight After a Successful Merge According to New Report

ConsenSys confirms that the goal of making Ethereum more sustainable through a historic transition from the Proof of Work to a Proof of Stake consensus mechanism has been achieved.

Timeline of Ethereum

During the first day of the Zebu Live event being held in London, a panel titled "The best way to architect a metaverse" was held on the Alpha stage with several companies in the industry

Ethereum crashed by nearly 25% after the merge. At the time of reporting, Ethereum is trading at $1,307 with a fall of 3.10% over the last 24hrs. Today, even the ETH/USD and ETH/BTC pairs have plunged by more than 20% and 17% respectively.

Bitcoin (CRYPTO: BTC), the world's most valued cryptocurrency, showed some recovery signs, climbing above the $19,000 level this morning after the US Federal Reserve, on Wednesday, raised interest rates by 75 bps. The second-most valued cryptocurrency, Ethereum (CRYPTO: ETH), meanwhile, rose past the $1,300 mark following the Merge last week.

The U.S. dollar value of the recently airdropped coin native to the forked Ethereum proof-of-work (PoW) blockchain will be at par with that of ether, Chandler Guo, the instigator of the latest Ethereum hard fork, has said.

Blockchain infrastructure firm Chain announced a new sponsorship deal with the National Football League's (NFL) New England Patriots, and Major League Soccer's New England Revolution. The post NFL Patriots Partner With Web3 Blockchain Firm Chain, CEO Buys Patriots.eth for $99k appeared first on BeInCrypto.

Ethereum funding rates had taken a beating after the Merge was completed. This event was the single most anticipated upgrade in the history of the network, and it had affected both price and funding rates in adverse ways.

An overlooked part of a lawsuit the SEC filed Monday over a 2018 ICO for Sparkster (SPRK) made the rounds Wednesday. Apparently, the U.S. Securities Commission is angling to assert its regulatory authority over all Ethereum transactions.

Miners dumped over 16,000 ETH, worth more than $20 million, in the past week, on-chain data showed. The Ethereum miners still have about 245,000 ETH left – and no longer any business affiliation with the blockchain network.

ETH price holds above $1,200 as bulls don't want to let go of a price below key support  Price continues to trade below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe.  ETH price bounced on the four-hourly chart after a bullish divergence appeared.

Quick take Ethereum's transition to proof-of-stake consensus was largely uneventful from a technical perspective with no major issues materializing during the upgrade.  Proof-of-work ETH fork coins are now liquid on a relatively limited basis.  Delta-neutral positioning prior to The Merge has begun to rapidly unwind.