Ethereum is making big changes. Perhaps the most important is the jettisoning of the “miners” who track and validate transactions on the the world’s most-used blockchain network.
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Ether held near two-month highs on Thursday ahead of a major adjustment to its underlying Ethereum blockchain that would alter the way transactions are processed.
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Ethereum is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether token and sharply boost its price.
Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week.
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Ether investment products and funds posted record outflows in the last week of June, bearing the brunt of negative sentiment on cryptocurrencies.