Wednesday, May 31, 2023
No Result
View All Result
Crypeto News
Smarter_way_USA
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
Crypeto News
No Result
View All Result

Ethereum Classic (ETC) Halts Bearish Bias – Binance to Enable ETC Mining

by crypetonews
September 14, 2022
in Bitcoin
Reading Time: 4 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on Twitter


Join Our Telegram channel to stay up to date on breaking news coverage

One of the most well-known altcoins, Ethereum Classic, skyrocketed 18.74% to trade at $38.1; on Tuesday, Terra is dealing with a bullish bias. The current price of Ethereum Classic is $37.52, with a 24-hour trading volume of $1.3 billion.

In the last 24 hours, Ethereum Classic has gained 5.58%. CoinMarketCap currently ranks #17, with a live market cap of $5,134,879,005. There are 136,872,624 ETC coins in circulation, with a maximum supply of 210,700,000.

Tne outstanding fruits ETC/USD opened at $38.44. In a day, it climbed to a high of $38.90 and fell to a low of $34.86. Currently, it is trading at $38.1, down 8.24%. ETC has recently seen significant price activity as the network gains visibility from the merge. The first week of September saw a 34% increase in the value of the cryptocurrency.

Ethereum Classic Daily Technical Levels

Support Resistance36.8966     40.246635.3533      42.053333.5466     43.5966

Pivot Point: 38.7033

ETC to Gain Support By Binance Pool 

Binance Pool is one of the best mining pools in the world. Binance Pool is currently ranked 12th in Ethereum (ETH) mining and the 7th-largest mining pool for ETC mining. Miners will no longer be viable after the Merge. 

As a result, the mining pool will enable ETC mining. Binance Pool waives mining ETC fees from September 9 to October 9 to encourage miners to use their mining pool. In addition, users must provide accurate identifying information to participate and collect rewards in their mining accounts.

According to an official release from Binance on September 8, the terms and conditions allow Binance to exclude any members who engage in fraud. Furthermore, Binance reserves the right to cancel or modify the offer or its terms. For instance, the price of Ethereum Classic has increased dramatically, and the hash rate has reached an all-time high.

Punt Crypto Casino Banner

The Merge will almost certainly cause miners to switch to Ethereum Classic, slowing the rate at which the ETC/USD price falls.

Hoskinson Calls Ethereum Classic Dead Project

On September 6, Cardano (ADA) creator Charles Hoskinson responded to claims that he planned to exploit ETC miners by calling Ethereum Classic (ETC) a “dead project with no purpose or convincing rationale to continue outside of spite.” Hoskinson recently proposed establishing an ETC development fund and a decentralized treasury protocol.

According to the plan, the decentralized treasury protocol would receive a portion of the ETC block reward. On the other hand, ETC miners rejected this idea because it reduced their earnings. However, following Hoskinson’s suggestion of a 20% miner fee, an Ethereum Classic supporter stated on Twitter that he was attempting to exploit the network.

Hoskinson believes that ETC is a dormant project. Still, other cryptocurrency companies, such as Grayscale and the largest mining company AntPool, argue that it is not because they have heavily invested in the network.

Grayscale manages approximately $490 million in Ethereum Classic Trust assets, while AntPool invested $10 million in the ecosystem of the blockchain network. ETC/USD fell due to market uncertainty, as investors are unsure whether to invest in Ethereum Classic or not.

Ethereum Classic (ETC) Ethereum Classic in High Demand 

The high social volume received by Ethereum Classic and the rise in hash rate drives the demand for ETC. As a result, it may experience rapid development in the future. Therefore, ETC holders would benefit from increased demand and network utility.

The increasing hash rate and the possibility of additional utility may encourage more price speculation, thereby increasing retail demand. However, as the number of miners grows, one potential disadvantage is a shrinking profit margin.

Related

Tamadoge – Play to Earn Meme Coin

Tamadoge logo

Earn TAMA in Battles With Doge Pets
Capped Supply of 2 Bn, Token Burn
NFT-Based Metaverse Game
Presale Live Now – tamadoge.io

Tamadoge logo

Join Our Telegram channel to stay up to date on breaking news coverage



Source link

Tags: BearishBiasBinanceClassicEnableethereumHaltsMining
Previous Post

Cosmos (ATOM) struggles To Stay Bullish, Is $20 Still Possible?

Next Post

‘Why Isn’t Anyone Talking About This?’ — Twitter’s Crypto Spam Problem Increases With Legions of CZ Bots, Verified Vitalik Impersonators – Featured Bitcoin News

Related Posts

Pixel Penguins Scam and Ensuing Drama Shows Danger of Trusting CT Influencers
Bitcoin

Pixel Penguins Scam and Ensuing Drama Shows Danger of Trusting CT Influencers

May 31, 2023
Next Cryptocurrency to Explode Wednesday 31 May – RobotEra, Filecoin, Solar
Bitcoin

Next Cryptocurrency to Explode Wednesday 31 May – RobotEra, Filecoin, Solar

May 31, 2023
Crypto Scammer Manipulates Cancer Story To Peddle NFTs
Bitcoin

Crypto Scammer Manipulates Cancer Story To Peddle NFTs

May 31, 2023
EU’s Banking Regulator Highlights AML Risks in Crypto Privacy Coins, Self-Hosted Wallets
Bitcoin

EU’s Banking Regulator Highlights AML Risks in Crypto Privacy Coins, Self-Hosted Wallets

May 31, 2023
Did The New York Times Publish Manipulated Footage Of A Bitcoin Mine?
Bitcoin

Did The New York Times Publish Manipulated Footage Of A Bitcoin Mine?

May 31, 2023
State-Backed Hackers Target New Victims in Ongoing Cybersecurity Attacks
Bitcoin

State-Backed Hackers Target New Victims in Ongoing Cybersecurity Attacks

May 31, 2023
Next Post
‘Why Isn’t Anyone Talking About This?’ — Twitter’s Crypto Spam Problem Increases With Legions of CZ Bots, Verified Vitalik Impersonators – Featured Bitcoin News

‘Why Isn't Anyone Talking About This?’ — Twitter’s Crypto Spam Problem Increases With Legions of CZ Bots, Verified Vitalik Impersonators – Featured Bitcoin News

Artists and gallery gather donations for asylum-seekers bused to New York by Texas governor

Artists and gallery gather donations for asylum-seekers bused to New York by Texas governor

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Milady (LADYS) Coin and NFT: Memecoin and the Collection
Crypto Exchanges

Milady (LADYS) Coin and NFT: Memecoin and the Collection

by crypetonews
May 29, 2023
0

beginner Milady (LADYS) experienced a significant surge of over 5,000% in just 24 hours after Elon Musk tweeted about it...

Top US Crypto Exchange Coinbase Launches Trading Support for Cosmos-Based DeFi Altcoin

Top US Crypto Exchange Coinbase Launches Trading Support for Cosmos-Based DeFi Altcoin

May 27, 2023
CoinEX Targets Hong Kong Users with New Crypto Trading Service

CoinEX Targets Hong Kong Users with New Crypto Trading Service

May 29, 2023
EU’s Banking Regulator Highlights AML Risks in Crypto Privacy Coins, Self-Hosted Wallets

EU’s Banking Regulator Highlights AML Risks in Crypto Privacy Coins, Self-Hosted Wallets

May 31, 2023
Atlanta Fed Bank Cites XRP for Global Payments

Atlanta Fed Bank Cites XRP for Global Payments

May 26, 2023
Bitcoin Profit & Investment Calculator (ROI)

Bitcoin Profit & Investment Calculator (ROI)

May 25, 2023
  • Trending
  • Comments
  • Latest
What is the Erigon Node Consensus Layer?

What is the Erigon Node Consensus Layer?

February 15, 2023
146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

May 17, 2023
Celsius Creditors Aim To Expose FTX Users In Alleged Crypto Trading Scandal

Celsius Creditors Aim To Expose FTX Users In Alleged Crypto Trading Scandal

April 27, 2023
Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

October 27, 2022
Secured #5: Public Vulnerability Disclosures Update

Secured #5: Public Vulnerability Disclosures Update

May 3, 2023
3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

November 23, 2022
PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

24
BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

20
Ending Logan Paul's Biggest Scam

Ending Logan Paul's Biggest Scam

40
I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

38
ARE NFTS OFFICIALLY DEAD? NFT COLLAPSE EXPLAINED!

ARE NFTS OFFICIALLY DEAD? NFT COLLAPSE EXPLAINED!

34
Will XEN Crypto 100x from $0.000002? Honest Review and Price Prediction!

Will XEN Crypto 100x from $0.000002? Honest Review and Price Prediction!

26
Pixel Penguins Scam and Ensuing Drama Shows Danger of Trusting CT Influencers

Pixel Penguins Scam and Ensuing Drama Shows Danger of Trusting CT Influencers

May 31, 2023
Covering the 2024 Presidential Election

Covering the 2024 Presidential Election

May 31, 2023
Next Cryptocurrency to Explode Wednesday 31 May – RobotEra, Filecoin, Solar

Next Cryptocurrency to Explode Wednesday 31 May – RobotEra, Filecoin, Solar

May 31, 2023
T-Mobile’s Parent Company Becomes Validator on Polygon (MATIC) Network

T-Mobile’s Parent Company Becomes Validator on Polygon (MATIC) Network

May 31, 2023
Crypto Scammer Manipulates Cancer Story To Peddle NFTs

Crypto Scammer Manipulates Cancer Story To Peddle NFTs

May 31, 2023
XRP, Litecoin, Tradecurve emerging as top performing cryptos in May

XRP, Litecoin, Tradecurve emerging as top performing cryptos in May

May 31, 2023
Crypeto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Crypeto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

LATEST UPDATES

  • Pixel Penguins Scam and Ensuing Drama Shows Danger of Trusting CT Influencers
  • Covering the 2024 Presidential Election
  • Next Cryptocurrency to Explode Wednesday 31 May – RobotEra, Filecoin, Solar
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In