Since 2022 kicked off, the crypto market has suffered one blow after another. As Bitcoin and Ethereum crashed into the ground, the whole market has taken a plunge. In the meantime, facing the grossly depreciated collaterals, crypto lending platforms forced users to add more margins. As a result, tons of users started to withdraw assets from lending platforms. Subsequently, some platforms went under, others laid off staff to survive, and even Celsius failed to stay intact.

According to the latest survey released by CouponFollow, Litecoin has become the third most popular cryptocurrency among consumers when it comes to the desired rewards of crypto credit cards. Additionally, it is only slightly less popular than Ethereum (41%), the No. 2 crypto on the list. As one of the most popular cryptos out there, Litecoin has earned the favor of many miners.

As the ETH price went up, the proportion of Ethereum’s market cap to the entire crypto market cap has risen from 14.88% to 18.47%. Considering the leading position of Ethereum in the crypto space, the Merge is good news for the whole market.

In the past 20 years, the traditional business model of online content has created a wide range of problems, covering the inappropriate distribution of revenue, the ownership of content, as well as the vicious competition that has gone rampant. In the meantime, the Web 3 creator ecosystem, which is based on blockchains, underlying NFT economies, or platform-built monetary systems, has taken shape, which could be a great solution to these problems.

As the U.S. is now the world’s biggest destination for BTC mining, the massive shutdown of mining operations in Texas has affected the total BTC hashrate the next day of the incident, which has dropped to 159.4EH/s, the lowest record in the past five months. Despite that, the decline has not hindered the normal operation of the network. This is the case because Bitcoin is decentralized, and problematic nodes in one region or national/regional hostility towards the cryptocurrency will have no impact on the network, which also explains Bitcoin’s exceptional value.

After the BTC hashrate hit a record high of 266.41EH/s on June 8, people thought that the vitality injected by miners, who run the crypto upstream, could save cryptocurrency from the prolonged slump and lead to market recovery. Yet, as central banks around the world raised interest rates to combat the soaring inflation, financial markets in many countries suffered panic-driven dumping. Affected by such external forces and macro policies, crypto finance has struggled to stay intact.

Many of you might wonder: Why does Ethereum need so many testnets? How do they differ? Today, let’s check out the public Ethereum testnets and how we can get test coins from ETH faucets.

Since the revenue of Ethereum miners exceeded that of Bitcoin miners for the 12th consecutive month, the winning spree has finally been terminated in June, and the profitability of Ethereum mining took a sharp plunge primarily due to the overall sluggish market over the past few months.

As the official event “Collect Cards to Share $50,000 Bonus” ends on ViaBTC's website, the sixth-anniversary events that lasted for more than 40 days are drawing to a close. During this period, ViaBTC has celebrated its sixth-birthday along with tens of thousands of crypto enthusiasts, sharing joy and expressing gratitude to those who have stood by, believed in, and supported ViaBTC for the past six years.

Since Ethereum announced its shift to PoS, the crypto community has kept close eyes on how the different stages of the transition progressed. According to the official roadmap, the Merge is undoubtedly the network’s highlight in 2022, no wonder the ETH community is always talking about it.

This year, the crypto market kicked off to a rough start. Meanwhile, multiple big-name crypto institutions “crashed” recently, which led to a new round of market panic. According to CoinGecko, the current total market cap of cryptocurrencies is less than $930 billion, which has shrunk by nearly two thirds from its peak in November 2021.

Recently, there has been a lot of news about Ethereum 2.0. First, Buterin Vitalik, the founder of Ethereum, released news last month that Ethereum 2.0 might be merged as early as this August; then the Ethereum 2.0 client Lighthouse released version V2.3.0 to fix the previous block reorganizations in the beacon chain; later came the good news, as Bitfly officially tweeted, that the Ethereum Ropsten testnet had completed the merge.

ViaBTC has celebrated its 6th birthday in June 2022. Accompanied by thousands of global miners during the past 6 years, we have witnessed the growth of ViaBTC in the ever-changing blockchain world, and no one knows the sweets and bitters of this journey better than we do. Fortunately, we have persevered and harvested the sweet fruit of victory that belongs to us all.

Consensus 2022, an annual crypto feast, was recently concluded. The 3-day crypto carnival ended in Austin, the capital of Texas and a vibrant city that never sleeps.

Crypto mining is never short of innovations. From CPU-based mining in the early days to today’s ASIC miners, each crypto wave has brought fresh changes to crypto mining. As mining rigs shift towards high hashrates and integration, mining farms are also becoming more sophisticated, larger, and more specialized. Meanwhile, many first-rate companies like ViaBTC have stood out in the field of mining pools, and there are also rising stars among mining service providers, which include BitRock.

Blockchain is never short of trends or opportunities. In such an unpredictable industry, only a few teams could stick to their original beliefs, and ViaBTC is one of them. During the past six years since its founder Haipo Yang independently completed the coding of ViaBTC Pool, ViaBTC has, with its cutting-edge technologies and first-rate products, evolved from a mining pool into an all-encompassing blockchain ecosystem that offers professional blockchain products and services to more than 4 million users across over 200 countries and regions around the world.

We know that the whole crypto market has entered a bear cycle. The current market slump has been driven by both internal and external factors. For example, the Fed has tightened the US monetary policy to curb the excessively high global inflation. As a result, financial markets around the world have declined, and the crypto market is no exception. Meanwhile, the collapse of LUNA and its ecosystem has brought extreme market panic, leading to further declines.

Every June marks an extraordinary time for ViaBTC. Since its establishment in June 2016, ViaBTC has gone through a magnificent journey and realized its original goals one by one during the past six years.

On November 1, 2008, someone named Satoshi Nakamoto published a paper titled Bitcoin: A Peer-to-Peer Electronic Cash System on a cryptography forum. In this paper, Satoshi illustrated a decentralized electronic trading system. On January 3, 2019, Satoshi Nakamoto mined the first block of Bitcoin, which marked the birth of this cryptocurrency.

To celebrate the 6th anniversary of ViaBTC, we have rolled out a series of events in various language zones around the world since May as a gesture of gratitude for miners’ consistent support. Miners are impressed by such exciting events as “ViaBTC to the Moon or Mars”, “Pizza In, Bitcoin Out”, and “The BTC Prices You Don’t Know”.