Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Binance – European Wrap 15 September
|Ethereum celebrates first anniversary of ETH Merge with 99.9% drop in energy usage
The great Ethereum Merge completes its first anniversary on Friday, September 15. The network’s energy usage has dropped drastically over the past year since Ethereum’s transition away from proof-of-work to proof-of-stake.
The blockchain network’s core developers concluded their “all core devs” call early on Friday, with some key changes like the inclusion of a new Ethereum Improvement Proposal, EIP-7514. The Ethereum Merge, the transition from proof-of-work to proof-of-stake, reduced energy usage by 99.9% on the blockchain.
Bitcoin Weekly Forecast: BTC contemplates crash in September
Bitcoin price remains unfazed by the US CPI announcement on September 13 and continues to move in a range. The weekly chart, however, shows a potential short-term recovery rally that could set the stage for a steep correction.
Bitcoin price action holds the potential for history to repeat or at least rhyme. On the daily chart, BTC currently trades at $26,257 and is supported by the Momentum Reversal Indicator’s (MRI) support level depicted in green dots at $25,188.
SEC accuses Binance US of failure to support probe, shifts focus to exchange’s custody arm
The Securities & Exchange Commission (SEC) has accused Binance US of violation of a prior consent order. According to a court filing released Thursday, the US securities regulator argues that the crypto trading platform has failed to cooperate with the ongoing probe over alleged unregistered securities offerings.
Binance’s native token, BNB’s price remained unaffected by the development in the lawsuit. In June, the US securities regulator filed a lawsuit against Binance entities and founder Changpeng Zhao (CZ) with 13 charges. These include operating unregistered exchanges, broker-dealers and clearing agencies, misrepresenting trading controls and oversight on the Binance US platform and the unregistered offer and sale of securities.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.