CRYPTOCURRENCY PRICE UPDATES, SEPTEMBER 9: The price of bitcoin rose today and is currently trading above USD 19,000. Bitcoin, the biggest and most widely used cryptocurrency in the world was trading more than 1 percent higher at USD 19,408. According to CoinGecko, the market capitalization of all cryptocurrencies fell back below the USD 1 trillion threshold today after rising more than 1 percent over the previous day to USD 1.03 trillion.
On the other side, Ether, the second-largest cryptocurrency and coin connected to the Ethereum blockchain, also increased by roughly 1 percent to USD 1,641. With regard to its consensus protocol, Ethereum is switching to proof-of-stake. Bellatrix, the most recent Ethereum network upgrade, went live on September 6, 2022. The Paris upgrade, which fires the miners to complete the Merge, will come after Bellarix. The improvement will take place the following week.
Shiba Inu's price only slightly increased to USD 0.000012 whereas Dogecoin's price increased by almost a percent to USD 0.06. Other crypto prices' today performance also improved as Chainlink, Apecoin, XRP, Uniswap, Binance USD, Polkadot, Tether, Litecoin, Avalance, Solana, Cardano, Stellar, Tron, Polygon prices were trading with gains over the last 24 hours.
Companies that aid in transaction facilitation on the bitcoin market ought to register with the US. The Securities and Exchange Commission (SEC) functions similarly to other market intermediaries, according to the chair of the organisation.
According to Gary Gensler, intermediaries in the cryptocurrency market perform a variety of duties governed by the SEC, such as serving as an exchange, broker-dealer, clearing agent, and custodian, and should be registered as such.
In other news, Bitcoin mining revenue has reached its lowest level in approximately two years as a result of rising competition, falling pricing, and skyrocketing energy costs. According to data from the crypto-mining services provider Luxor Technologies, the hash price index, which measures the mining revenue worth per unit of computing power, fell to about 7.7 cents for each terahash, the lowest level since September 2020.
The first person to solve the problem of validating transactions that have been encrypted by the Bitcoin network wins a reward in the form of newly created tokens. Bitcoin miners compete using powerful computers. Such benefits, however, are constrained, and the greater the level of network competition, the lower the payouts that each miner will earn.
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