Crypto Market Highlights September 16, 2022

Crypto Market Highlights News Of The Day

Ethereum Miners Are Feeling The Pain After The Merge

David Pan – A journalist – has published an article in Bloomberg and shared his viewpoint on Twitter at the same time about the Ethereum Miners suffering 30-40% down in gross profit margins. For more specific information, you can read the article below:

After Ethereum Merge, ETHPoW Users Keep Having Problems

After The Merge, the ETHPoW network branch also released its own mainnet to preserve proof of work on a forked version of Ethereum. However, network users are constantly experiencing issues, and the cause is believed to stem from the chain ID, which has not been fixed. For more specific information, you can read the article below:

South Korea Attempts To Arrest Do Kwon

The CEO of Terra along with five others was issued an arrest warrant on Wednesday. However, Do Kwon is in Singapore. The two countries do not have a bilateral extradition treaty, so it is difficult to enforce the arrest warrant issued by the South Korean authorities. For more specific information, you can read the article below:

SEC Chairman Says Proof-Of-Stake Cryptocurrencies Could Be Securities

The SEC chairman seems to be eyeing Ethereum’s proof-of-stake model as he suggested that a cryptocurrency that allows holders to bet on it could be considered security according to the Howey test. For more specific information, you can read the article below:

FTX Leads Voyager Bankruptcy Auction

FTX is leading the charge in acquiring Voyager assets when the company’s bankruptcy auction takes place on September 13. For more specific information, you can read the article below:

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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