AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Ethereum’s much anticipated upgrade might be postponed again accompanied to Ethereum’s core developer.
- Bitcoin rebounded around four per cent overnight to hit US$41,400.
- Ethereum also saw gains of four per cent, climbing to US$3,130.
Ethereum’s much anticipated upgrade might be postponed again accompanied to Ethereum’s core developer.
Tim Beiko tweeted on Tuesday that Ethereum’s much anticipated upgrade will not come in June as previously predicted. Rather, users of the Ethereum network will have to wait for an extra few months, according to the core developer.
The setback is just the latest in a series of postponements for the upgrade, which was originally slated for completion in 2019.
Ethereum’s upgrade will mean that the existing protocol of proof-of-work, which requires huge amounts of computing power to release tokens, will change to a proof-of-stake – a much more scalable solution.
Market News
Bitcoin rebounded around four per cent overnight to hit US$41,400.
Meanwhile, Ethereum also saw gains of four percent, climbing to US$3,130.
Winners and Losers
Image Source @ 2022 Kalkine Media®
Data Source: CoinMarketCap.com, based on top 100 cryptos.
Note: Growth from the 24 hours prior to 12:30pm AEDT
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.
