📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $19,724
Bitcoin price has fallen through $20,000 once again, as the market appears to be selling-off following the Ethereum Merge.
Top-20 altcoins are all down over the last 24 hours, as Ethereum drops 7%, BNB falls 4% and Cardano sees a 3% decline.
Top Stories for September 15, 2022 🔥
👉 Ethereum Merge Completes, Energy Consumption To Drop 99.9%
The Ethereum network appears to have successfully completed its Merge, shifting the network to a Proof-of-Stake model that consumes 99.9% less power than before the upgrade.
The transition was a highly-planned technical effort, a task which Ethereum Foundation researcher Justin Drake likened to “switching out the engine from a running car.”
As a result of the upgrade, Proof-of-Work mining will no longer take place on the network. The new network will also be primed for further upgrades to scalability in the future.
👉 Michael Saylor Fights Back Against Bitcoin Energy Misinformation
MicroStrategy executive chair and former CEO, Michael Saylor, has fought back against “misinformation and propaganda” surrounding Bitcoin mining and energy consumption, amidst a rise in criticism following Ethereum’s Merge.
According to Saylor, Bitcoin mining energy consumption comes from almost 60% sustainable sources – also consuming far less energy than tech giants such as Google, Netflix or Facebook. Saylor also states that 99.92% of world carbon emissions are from industrial uses other than Bitcoin mining.
👉 Coinbase-Backed Lawsuit Vs Treasury To Become Landmark Case
A Coinbase-backed lawsuit against the US Treasury concerning Tornado Cash sanctions is set to be a landmark case, with potentially much broader implications across the crypto world.
The primary focus of the suit is to contest the Treasury’s sanction over code on a decentralized network. The move was unprecedented, as the Treasury is currently only understood to be allowed to sanction an individual or an entity.