Souvenir tokens representing cryptocurrency networks Bitcoin, Ethereum, Dogecoin and Ripple plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Sept 20 (Reuters) - The Merge came, saw and conquered. Not that you'd guess from crypto prices.
The Ethereum blockchain's mega-upgrade finally went live on Sept. 15, moving it to a less energy-intensive "proof of stake" (PoS) system with hardly a hiccup. read more
Even though anticipation of the event had seen ether rise about 85% from its June doldrums, it has since sunk 19%, hit along with bitcoin and other risky assets by investor angst over inflation and central-bank policy.
Nonetheless, many market players are bullish about the long-term prospects of Ethereum and its native cryptocurrency.
"Previously, we have talked to sovereign wealth funds and central banks to help build their digital asset allocations... but direct investment has been voted down due to energy concerns," said Markus...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...