On September 15 at 06:42:42 UTC at block 15537393, the Ethereum mainnet merged with Ethereum’s Beacon Chain at the Terminal Total Difficulty of 58750000000000000000000. Ethereum’s full transition from a Proof-of-Work consensus algorithm into a Proof-of-Stake consensus has been successfully completed.

Nasdaq-listed cryptocurrency exchange Coinbase is adding information on politicians’ crypto friendliness directly onto its app as it amps up its policy advocacy efforts. Coinbase’s American customers can now check the crypto sentiment scores of members of Congress based on their past statements.

A number of large Ethereum mining pools are expected to start supporting EthereumPoW (ETHW) now that the ETH Merge has been completed and miners are no longer able to use their hardware to validate transactions on the network.

Sponsored: B2Broker, a recognized market leader in providing technology and liquidity solutions for Forex and crypto industries, has launched cTrader White Label to help brokers expand their operations. 

Top stories in the Crypto Roundup today:

• Happy Merge: Ethereum Successfully Transitions to a Proof-of-Stake Consensus
• Coinbase to Show Users Local Politicians’ Crypto-Friendliness
• Major Ethereum Mining Pools to Support ETHW Mining
• Why Does Bitcoin Have Value?

Happy Merge: Ethereum Successfully Transitions to a Proof-of-Stake Consensus

On September 15 at 06:42:42 UTC at block 15537393, the Ethereum mainnet merged with Ethereum’s Beacon Chain at the Terminal Total Difficulty of 58750000000000000000000. Ethereum’s full transition from a Proof-of-Work consensus algorithm into a Proof-of-Stake consensus has been successfully completed.

According to the Ethereum Foundation, the Merge will make the Ethereum network about 99.95% more energy efficient and will set the stage for future scaling solutions like sharding. The community quickly started celebrating the Merge on social media:

Ethereum’s smaller energy consumption after the Merge has been compared to Finland suddenly shutting off its power grid. With the new upgrade, Ethereum’s next steps include the “Surge,” the “Verge,” the “Purge,” and the “Splurge.”

The Surge will increase scalability for rollups through sharding, while the Verge will achieve statelessness through Verkle trees. It will be followed by an elimination of historical data and technical debt, before the Splurge brings in a number of miscellaneous upgrades.

Coinbase to Show Users Local Politicians’ Crypto-Friendliness

Nasdaq-listed cryptocurrency exchange Coinbase is adding information on politicians’ crypto friendliness directly onto its app as it amps up its policy advocacy efforts. Coinbase’s American customers can now check the crypto sentiment scores of members of Congress based on their past statements.

Coinbase CEO, Brian Armstrong, announced the new feature on social media, noting that the effort will over time expand to global elections, candidates running for office, and to help candidates solicit donations in crypto.

Armstrong added that crypto advocacy is “very important” to Coinbase’s mission of “increasing economic freedom in the world.” Coinbase has recently taken a high-profile stance against the Treasury Department’s decision to sanction coin mixing platform Tornado Cash by backing a lawsuit filed by two Coinbase employees and others.

The exchange is among the crypto firms seeking to be at the forefront of shaping the regulatory environment for the digital assets industry.

Major Ethereum Mining Pools to Support ETHW Mining

A number of large Ethereum mining pools are expected to start supporting EthereumPoW (ETHW) now that the ETH Merge has been completed and miners are no longer able to use their hardware to validate transactions on the network.

According to a series of tweets from an account representing the EthereumPoW fork, major mining pools including F2Pool, Poolin, and BTC.com will support mining of the cryptocurrency, which is expected to commence after its mainnet launches.

EthereumPoW is a Proof-of-Work network that could be created through a fork of the Ethereum blockchain. The team behind the project announced earlier this week that the ETHW mainnet would launch 2,048 empty blocks after the Merge block, in a bid to ensure that the ChainID, which differentiates blockchains, switches successfully.

Several exchanges have already listed ETHW IOU tokens, representing potential support for the forked chain.

Why Does Bitcoin Have Value?

Bitcoin’s high value is determined by a number of factors. The cryptocurrency was the first to solve the Byzantine Generals’ problem, bringing trust to a decentralized system. As the system is decentralized and is governed by code, its fixed and predictable monetary policy cannot be changed unless there’s consensus to do so.

Bitcoin uses open-source code and is built on top of a transparent network, making it possible for anyone to independently verify its security, its activity, and the balances of specific accounts on the blockchain.

Miners use tremendous amounts of energy to support Bitcoin’s encrypted network, forcing potential attackers to require impossible amounts of energy to do anything to it. The network’s uptime since inception is above 99.987%, making it more reliable than traditional payments networks.

Moreover, anyone can create a Bitcoin wallet and start using the network, making it open to anyone in the world regardless of their financial conditions. Bitcoin is an unencodable network that allows for fast peer-to-peer transactions throughout the world at low transaction fees.

B2Broker Introduces cTrader as a White Label Platform

B2Broker, a recognized market leader in providing technology and liquidity solutions for Forex and crypto industries, has launched cTrader White Label to help brokers expand their operations. 

The new service will allow businesses to access one of the highest-rated multi-asset trading platforms on the market used by experienced traders across the globe. The product provides features that include a license for the servers and an established connection to liquidity providers.

With cTrader White Label there’s no need to worry about integrating CRM, back-office systems, or implementing crypto processing because the B2Broker team will do everything while providing clients with unlimited 24/7 customer service.

It comes with cBroker, an app that helps brokers keep track of their clients' activities, and see the bigger picture. It provides a simple yet efficient way to manage trading inquiries and maintain customer accounts. 

Platforms that offer users the ability to copy other traders' strategies are becoming increasingly popular, as they offer a convenient and user-friendly way to trade. cTrader Copy comes with a range of features that make it a great option for both experienced and novice traders — investors can choose the assets they wish to trade, as well as the amount they wish to invest.

Featuring a Prime of Prime Liquidity Pool, White Label cTrader is the perfect solution for those seeking the best prices from world-leading financial institutions. A large portfolio of over a thousand different trading instruments, including 110 Forex symbols and 150 cryptocurrency CFDs, allows traders to take advantage of the best that the market has to offer. 

B2Broker's White Label cTrader provides a complete brokerage solution for companies looking to get into the Forex, crypto, and multi-asset markets.

 

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