Countdown to Ethereum Merge: What It Is and Why It's Important

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Today's News

In today's news, we cover the recent market sell-off after inflation data came in higher than expected, Sam Bankman-Fried's comments on the current state of the crypto market, and Opera's new crypto features. We also have a review of Plynk, a new investing platform, and a list of the best stocks and cryptos to buy today.

Outline

  • How Ethereum is working to become more green
  • The competition between Ethereum and Bitcoin
  • What is being sold with NFTs
  • The discussion surrounding a possible market crash
  • The implications of Ethereum's merge
Ethereum Merge: How one big cryptocurrency is going green

Ethereum Merge: How one big cryptocurrency is going green

Ethereum, which currently uses as much energy as a medium-sized country, is to halt cryptomining.

Cryptoverse: Ether snaps at bitcoin's heels in race for crypto crown

Cryptoverse: Ether snaps at bitcoin's heels in race for crypto crown

For years, ether could barely dream of challenging its big brother bitcoin. Now, its ambitions may be becoming more realistic.

NFT sales are hot! But what exactly is for sale?

NFT sales are hot! But what exactly is for sale?

NFTs, or non-fungible tokens, represent ownership interests in digital assets. Each NFT is unique, as distinct from fungible assets such as U.S. currency, Bitcoin or Ethereum, and created on a blockchain (by "minting").

Crypto Weekly: something in the Ether

Crypto Weekly: something in the Ether

From why ether is gaining ground on bitcoin, to an unhappy crypto anniversary in El Salvador, we round up the week's big stories in the world of alternative currencies. Olivia Zollino reports.

Stocks creep higher as focus turns to U.S. inflation data

Stocks creep higher as focus turns to U.S. inflation data

Asian stocks rose on Tuesday as traders in Korea returned from holidays in a mood to catch up on a global bounce, while other markets held steady ahead of U.S. inflation data that will offer a crucial guide to the interest rate outlook.

Countdown to Ethereum Merge: What It Is and Why It's Important

Countdown to Ethereum Merge: What It Is and Why It's Important

Described as among the most important days in crypto, the ethereum blockchain this week adopts proof of stake -- lowering its carbon footprint by 99%.

'Rich Dad Poor Dad' author Robert Kiyosaki says a historic market crash is looming

'Rich Dad Poor Dad' author Robert Kiyosaki says a historic market crash is looming

The personal-finance guru, who dismissed bitcoin as worthless in May, said it was vital for investors to get into crypto before the crash.

Anthony Scaramucci says bear markets 'suck,' and Skybridge only took Sam-Bankman Fried's deal because of its 'mediocre' performance

Anthony Scaramucci says bear markets 'suck,' and Skybridge only took Sam-Bankman Fried's deal because of its 'mediocre' performance

Sam Bankman-Fried's acquisition of SkyBridge Capital means "people don't think you're going out of business," Scaramucci said.

Anthony Scaramucci says bear markets 'suck,' and Skybridge only took Sam-Bankman Fried's deal because of its 'mediocre' performance

Anthony Scaramucci says bear markets 'suck,' and Skybridge only took Sam-Bankman Fried's deal because of its 'mediocre' performance

Sam Bankman-Fried's acquisition of SkyBridge Capital means "people don't think you're going out of business," Scaramucci said.

What to know about speculation: When investors buy high-risk assets with the expectation of significant returns

What to know about speculation: When investors buy high-risk assets with the expectation of significant returns

Speculation is the act of buying or selling assets that have an increased chance of significant losses. Here's what to know about this risky strategy.

Billionaire FTX chief Sam Bankman-Fried says hawkish Fed policy and the dollar's historic climb is weighing on crypto

Billionaire FTX chief Sam Bankman-Fried says hawkish Fed policy and the dollar's historic climb is weighing on crypto

At the SALT Conference in New York, the billionaire FTX chief discussed the strengthening dollar and crypto's bumpy year.

Plynk investing review: Invest with unused gift cards and access jargon-free educational content

Plynk investing review: Invest with unused gift cards and access jargon-free educational content

Plynk offers DIY trading for new investors, while providing educational resources and letting you invest unused gift cards in stocks, ETFs, and more.

Dow craters 1,276 points as stocks notch their worst day in 5 months after hot inflation reading

Dow craters 1,276 points as stocks notch their worst day in 5 months after hot inflation reading

"A 100 basis point move is again within the realm of possibility," said economist Peter Earle, referring to the upcoming Fed meeting next week.

Stocks Crushed by Inflation Shock, Yields Surge: Markets Wrap

Stocks Crushed by Inflation Shock, Yields Surge: Markets Wrap

<ol><li>Stocks Crushed by Inflation Shock, Yields Surge: Markets Wrap  Yahoo Canada Finance </li><li>Stocks tumble after inflation stays hotter than expected - Business News  Castanet.net </li><li>U.S. stocks crushed by inflation shock; yields surge  BNN Bl…

Lucky whale watchers have a chance encounter with humpback whales in California

Lucky whale watchers have a chance encounter with humpback whales in California

Whale watchers off the coast of central California got lucky when they experienced a friendly encounter with three humpback whales.

In Wall Street’s Worst Day Since June 2020, Dow Falls 1,250 as Inflation Stays High

In Wall Street’s Worst Day Since June 2020, Dow Falls 1,250 as Inflation Stays High

The sell-off follows Wall Street’s realization that inflation is not slowing as much as hoped.

Ethereum Merge: What will the radical update mean for cryptocurrency?

Ethereum Merge: What will the radical update mean for cryptocurrency?

The electricity consumption of the Ethereum cryptocurrency rivals that of some countries, but a controversial update to how it works will slash this by 99 per cent – here's the low-down on what's going on

Taking Stock of El Salvador's Bitcoin Gamble at the One-Year Mark

Taking Stock of El Salvador's Bitcoin Gamble at the One-Year Mark

A window into where things stand a year after the country became the first in the world to adopt Bitcoin as legal tender.

The Biggest Thing in Crypto Is About to Happen

The Biggest Thing in Crypto Is About to Happen

Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. In today’s edition, Emily Nicolle offers a primer on this week’s big happening, the Ethereum “Merge”:

Why Bitcoin Mining Stocks Plunged on Tuesday

Why Bitcoin Mining Stocks Plunged on Tuesday

A sharp drop in Bitcoin has extended to miners, too.

Why Bitcoin, Ethereum, and Shiba Inu Are Falling Today

Why Bitcoin, Ethereum, and Shiba Inu Are Falling Today

New inflation data disappointed investors today.

MicroStrategy Is Buying More Bitcoin, With Shareholders Footing the Bill

MicroStrategy Is Buying More Bitcoin, With Shareholders Footing the Bill

The enterprise analytics company is grabbing another bucket of Bitcoins. The company is selling new shares to finance the buying spree this time.

Why Block, Nu Holdings, and Lemonade Shares Plunged Today

Why Block, Nu Holdings, and Lemonade Shares Plunged Today

The worse-than-expected inflation report is a killer for fintech and crypto-related stocks.

The Best Stock Today in Cathie Wood's Ark Innovation ETF

The Best Stock Today in Cathie Wood's Ark Innovation ETF

Technology stocks are plunging? Now's the time to buy.

2 Robinhood Stocks That Millionaire Investors Are Buying

2 Robinhood Stocks That Millionaire Investors Are Buying

Millionaires piled into these two Robinhood stocks -- should you?

2 Cryptos That Are Still Soaring Right Now

2 Cryptos That Are Still Soaring Right Now

Despite weakness in the broader crypto market, both Chiliz and Cosmos have been turning in strong recent performances.

Best online casinos in Canada & top 17 Canadian casino sites in 2022 for live game shows and more

Best online casinos in Canada & top 17 Canadian casino sites in 2022 for live game shows and more

Players searching for the best online casinos Canada has to offer should be aware of red flags that could ruin their perception of online gambling for good. Online casinos with suspiciously worded reviews, unreliable customer support, slow payouts, and no …

Opera Crypto Browser Unveils Industry-First Web3 Wallet Selector ahead of the Merge; Integrates Metamask

Opera Crypto Browser Unveils Industry-First Web3 Wallet Selector ahead of the Merge; Integrates Metamask

The Opera Crypto Browser now includes a major, industry-first Wallet Selector that allows you to quickly and seamlessly toggle between your various wallet extensions, managing your assets and accessing dApps with greater efficiency than ever before. Opera has…

‘The Price Could Skyrocket’—Here’s When Ethereum Could Flip Bitcoin

‘The Price Could Skyrocket’—Here’s When Ethereum Could Flip Bitcoin

Bitcoin remains around twice ethereum's market capitalization but that could be about to change...