Join the larget crypto conference of 2024 in Bitcoin

CoinShares chief calls ETH “The Merge” as a ‘buy the rumor sell the news’

ethereum 2.0

The chief strategy officer of CoinShares shared his opinion on the ongoing efforts by the Ethereum developer team to merge the Ethereum blockchain to the Beacon chain and possible negative outcomes.

Ethereum is the second biggest Cryptocurrency by global market value. The backend technology of the Ethereum blockchain works on Proof-of-work consensus. Under the “TheMerge” upgrade plan, Ethereum developers are working hard to shift the Ethereum blockchain network from Proof-of-work to Proof-of-stake Consensus, to make the Ethereum network highly efficient. The majority of the crypto experts are looking at Ethereum’ “TheMerge” as an investment opportunity, but this case is not the same for all we experts.

On 22 August, Meltem Demirors, the CSO of digital assets management firm CoinShares, appeared in an interview with CNBC’s Squawk.

Through the interview, Meltem said that people are eager and hoping with the Ethereum Merge upgrade work because it will overall reduce the supply of ETH coins in the Ethereum blockchain network.

“While internally there’s a lot of enthusiasm within the crypto community and Ethereum community around the Merge as an event that will dramatically reduce supply while potentially driving demand.”

Opposite to such excitement among the crypto investors & other Ethereum proponents, Meltem believes that there is another negative side to this Merge upgrade plan.

Meltem said:

“One of the realities is on the macro side people are worried about rates, about macro. A lot is going on.”

CoinShares chief also said that she doesn’t think that there may be something unique because of the change in technology because overall it will not bring more increment in market value. 

She emphasized the negative sides, which may impact the expectations of Ethereum buyers & lovers. And further, she said that the Merge has been a buy the rumor sell the news situation. 

Earlier this, crypto analytic platform Messari raised questions on the Ethereum Merge plans and claimed that it will overall reduce the decentralized nature of the Ethereum blockchain network. 

Messari noted that 65% of nodes of ETH are deployed on a centralized data center and 69% contribution in 65% is coming from Amazon Web services (AWS), which means Amazon owns 53.7% share in the ETH node contributions.

Read also: Nike generates more than $185M in crypto NFTs

CoinShares chief calls ETH “The Merge” as a ‘buy the rumor sell the news’

 

https://bitcoinik.com/coinshares-chief-calls-eth-the-merge-as-a-buy-the-rumor-sell-the-news/feed/

https://bitcoinik.com/coinshares-chief-calls-eth-the-merge-as-a-buy-the-rumor-sell-the-news/feed/

 

 

 

 

 

Ads by Cryptonews24

 

koinswap

🚀🚀Get ready for the biggest ICO of 2022.
✅ICO Round 1 is Sold Out
✅ICO= Initial Coin Offering. Where you can purchase tokens at base price.
✅ICO has different rounds with different price.
✅Round-1 price: $0.0005 (Sold Out)
✅Round-2 price: $0.001
✅Round-3 price: $0.002
✅Round-4 price: $0.004
✅Round-5 price: $0.008

👉ICO will be finished on September 15, 2022.
👉Trading will start after ICO completion.

🚀🚀EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)🚀🚀

👩🏻‍💻For more details pls read pdf in marketing tools section in dashboard.

#koinswap #kst #nft #metaverse #blockchain

𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://koinswap.io/register?referralcode=CFxqfP
▬▬▬▬▬▬▬▬▬▬▬▬▬▬

THIS IS A LIFE CHANGING OPPORTUNITY

*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*

TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
👇👇👇👇👇👇
https://koinswap.io/register?referralcode=CFxqfP

JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl

In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA

https://koinswap.io/register?referralcode=CFxqfP

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

Please follow and like us:

Social media & sharing icons powered by UltimatelySocial