ethereum Ethereum Traders Are withdrawing From Crypto Exchanges!

Ethereum Traders Are withdrawing From Crypto Exchanges!

– The Merge, which will switch the Ethereum network from proof-of-work to proof-of-stake, has been postponed until at least September.
– Superphiz, a software engineer and community leader for the Ethereum Beacon chain, released the potential date for The Merge on July 14. The schedule indicated that it would occur around the week of September 19.
– Since then, the price of the Ethereum token has increased by 36.8% versus the US dollar in just 30 days.
– Ethereum’s hash rate has decreased along with the price increase, falling below the one petahash per second (PH/s) or 1,000 terahash per second (TH/s) range.
– Seven-day statistics show 2.36 million Ethers have been taken out of cryptocurrency exchanges since July 5.

 

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