Notes 9/15: The Merge, Ether As Wall Street Asset, and Payments Industry Regulation

Ethereum’s Merge – a transition from the Proof of Work consensus mechanism to Proof of Stake – was finalized at 6:59 AM this morning. The Merge has been in the making for many years and was implemented by nine teams and more than 100 developers spread out across the globe. As has been repeated many times across multiple media platforms, the event cuts down the … Continue reading Notes 9/15: The Merge, Ether As Wall Street Asset, and Payments Industry Regulation

Notes 9/14: Ethereum’s Merge

When Bitcoin was launched, it had ambitions to become a peer-to-peer payment system powered by electronic cash. It is yet to fulfill that promise. Ethereum, another monetary system underpinned by blockchain, has much grander ambitions. Released six years after Bitcoin’s, Ethereum’s whitepaper outlines a raft of ambitious applications – a platform for financial derivatives to voting mechanisms to decentralized governance that works across borders – … Continue reading Notes 9/14: Ethereum’s Merge

Notes 9/13: Bitcoin Falls On Weak CPI Data, ETHW Sputters to Life, and the Max Pain of Mining Crypto

Crypto markets were awash in a sea of red after the release of unexpected figures for the Consumer Price Inflation (CPI) index. Bitcoin was down by almost 6% from its price 24 hours ago and trading at $20,964.21. Ethereum tumbled by 9% and is changing hands at $1,583.35. The overall market capitalization of cryptocurrency markets 5.1% to $1 trillion. CPI rose by 0.1% and declined … Continue reading Notes 9/13: Bitcoin Falls On Weak CPI Data, ETHW Sputters to Life, and the Max Pain of Mining Crypto

Notes 9/12: Ether Prices and Staking

Ethereum’s transition from Proof of Work (PoW) to Proof of Stake (PoS), more popularly known as The Merge, continues to dominate crypto narrative. The price for Ethereum’s ether, which had been on a tear in recent weeks, fell this morning. Like most things crypto, it is difficult to pinpoint an exact reason. While Bitcoin’s price is influenced by global macroeconomic factors, the catalysts for ether’s … Continue reading Notes 9/12: Ether Prices and Staking

Notes 8/12: Chandler Guo’s Crusade, the Tornado Cash Circus

Chandler Guo is what is known as an OG (Original Gangster, for the uninitiated) in crypto circles. A former beef salesman, Guo made his cryptocurrency millions by setting up a mining farm in Inner Mongolia and selling it for a massive payday during the asset class’s early days. He reportedly lives in a California mansion now and owns an estate, where he grows vegetables and … Continue reading Notes 8/12: Chandler Guo’s Crusade, the Tornado Cash Circus

Is Investor Enthusiasm for The Merge Misplaced?

Amidst a crypto winter that has wiped off billions in token valuations, the price of Ethereum’s ether popped recently. It skyrocketed by more than 50% to trade at $1636.17 and has, since, fallen by 15%. Analysts are attributing the surge in Ether’s prices as a vote of confidence by investors to a possible September event called The Merge. The Merge is expected to make Ethereum’s … Continue reading Is Investor Enthusiasm for The Merge Misplaced?

Miner Extractable Value: A Source of Profits and Future Regulation

I have written about Ethereum’s expensive gas fees earlier. The fees are an important source of revenue for miners in a volatile crypto market where double-digit price swings are not uncommon. But they are not the only source of profits. The Bank of International Settlements (BIS) released a bulletin last month highlighting the need to design regulations pertaining to Miner Extractable Value (MEV) – another … Continue reading Miner Extractable Value: A Source of Profits and Future Regulation

An Experiment In Ethereum’s Gas Fees

Ethereum has ambitions to become a hub for decentralized finance (DeFi) – one where millions of users conduct sophisticated transactions using financial applications and payment systems on its network. The platform’s selling point is its decentralized and peer-to-peer design that reduces costs and transaction times. But transactions on Ethereum are time-consuming. A technical and complicated interface also ensures that users have little control over the … Continue reading An Experiment In Ethereum’s Gas Fees

Is Ethereum Studio ConsenSys Faltering?

Within the ethereum ecosystem, ConsenSys occupies a special place. It is the most well-funded and, some would say, the most well-known company in the space. Started in 2014 by Joseph Lubin, the NYC-based outfit is a “venture production studio” – a model which incorporates an array of business and funding activities within ethereum. But it may have spread itself too thin, according to a recent … Continue reading Is Ethereum Studio ConsenSys Faltering?

Ethereum Co-Founder Buterin Proposes Rent Fees For Data Storage On Its Blockchain

Even as they have witnessed explosive growth in the last couple of years, cryptocurrencies are yet to find a suitable model to finance future growth. While cryptocurrency markets are a lucrative source of funds, their wild price swings make them unsustainable in the long run. Meanwhile, cryptocurrencies are experimenting with other ideas. Nonprofit foundations are one. But even that source is uncertain because it is … Continue reading Ethereum Co-Founder Buterin Proposes Rent Fees For Data Storage On Its Blockchain

Bitcoin Price Skedaddles On News Twitter Might Ban Crypto Ads

Traders swung between the optimism and gloom over bitcoin’s future prospects as cryptocurrency markets crashed below $300 billion before recovering this morning. The price of a single bitcoin, which had been on a steady decline since the middle of last week, wobbled to $7,370 Sunday morning. At 15:05 UTC, it had recovered to $8,635. The top 10 most-valuable cryptocurrencies mirrored bitcoin’s price trajectory. After a … Continue reading Bitcoin Price Skedaddles On News Twitter Might Ban Crypto Ads

The Case For Ethereum As A Security Token

During a Congressional hearing last month, SEC Chairman Jay Clayton said all ICO tokens he had seen were securities. That remark, with all its attendant implications, has spooked investors and snowballed into a series of actions that might end up radically reshaping cryptocurrency markets. Since Clayton’s remark, the SEC has tightened the screws on coin offerings and exchanges. Just last week, the agency threatened to … Continue reading The Case For Ethereum As A Security Token