Coinbase Could Be a Material ‘Beneficiary’ of Ethereum’s Merge Transition, JPMorgan Analyst Says #nft #crypto #bitcoin

JPMorgan analyst Kenneth Worthington says digital currency exchanges like Coinbase will end up being a meaningful “beneficiary” of Ethereum’s long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoW). Based on $2K ethereum prices and a 5% ethereum yield, Worthington explained that The Merge could boost Coinbase’s annual income by $80 to $100 million from staking services. … Read moreCoinbase Could Be a Material ‘Beneficiary’ of Ethereum’s Merge Transition, JPMorgan Analyst Says #nft #crypto #bitcoin

Chinese Miners Split on Alternatives as Ethereum’s PoS Merge Approaches #nft #crypto #bitcoin

With Ethereum’s Merge to Proof-of-Stake (PoS) drawing nearer – projections put it between September and November – miners are starting to look for an alternative. While some reports say there is nearly $5 billion worth of graphics card mining machines and ASIC Ethereum mining machines that would have to be repurposed once Ethereum switches to … Read moreChinese Miners Split on Alternatives as Ethereum’s PoS Merge Approaches #nft #crypto #bitcoin