Blockchain Today Weekly Digest

19 Sep — 25 Sep

The Merge fork continues to influence the crypto market. Let’s learn more about this and other important news of the week in our digest.

1. Ethereum Classic network power skyrocketed by 280% after Merge fork

The hashrate of the Ethereum Classic network has been growing since the end of July. The increase in capacity was the result of the arrival of miners who left Ethereum due to the upcoming Merge fork and ETH’s refusal of the PoW consensus in favor of PoS (Proof-of-Stake).

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2. Solana surpassed Ethereum in terms of the number of transactions

Ethereum (ETH) ranks first in the blockchain ranking in terms of the number of deployed decentralized applications (DApps).

However, the Solana network was able to bypass ETH in terms of user activity, the Nansen team said in a report.

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3. Coinbase used its reserves to speculate in the market

The American exchange Coinbase used its financial reserves for speculation in the cryptocurrency market.

According to the Wall Street Journal, the company was trading through its risk management division.

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