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Month: May 2022
Ethereum Prepares For Ropsten Testnet Merge As Token Struggles To Hold $2k Support
The Ethereum 2.0 update is generating a lot of buzz and interest, and we’re getting closer to its launch than ever before. Ethereum 2.0 Goes To Testnet Testing for Ethereum’s long-awaited Merge is progressing, though not at the rate that many had hoped. Testing on Ropsten, Ethereum’s largest and primary testnet, which has the closest similarity to the mainnet, is the next key milestone in the Merge testing process. Ropsten testing will be merged on June 8, according to Ethereum client developers. Although there is no official indication on when…
Ethereum se encamina a la fusión de Testnet en junio
La fusión se refiere al tan esperado paso de Ethereum a una red proof-of-stake del actual diseño de red, proof-of-work. Después del cambio, las transacciones en Ethereum serían procesadas y validadas por stakers en lugar de mineros, lo que, a su vez, crearía una red más rápida y “ecológica”. Source
US Treasury Official Warns Crypto Industry to Proactively Sanction ‘Problematic’ Wallets
Alessio Evangelista, the associate director for Enforcement at the Financial Crimes Enforcement Network (FinCEN), said that “too often” crypto service providers have opted to keep their heads in the sand about blatantly suspect wallets “right up until the day of an OFAC designation or criminal indictment.” Source
Tron Moves to 1-Week High, as Thorchain’s RUNE Nears Lowest Level Since January 2021 – Market Updates Bitcoin News
Tron rallied during today’s session, as it headed towards a one-week high, following recent declines. This came as Thorchain’s RUNE continued to trade lower, with today’s drop pushing prices closer to their lowest point since January 2021. Tron (TRX) Tron (TRX) surged towards a seven-day week high during Thursday’s session, as prices rebounded following a recent decline. Less than a day after trading at a bottom of $0.06955, TRX/USD rose to a peak of $0.07444 earlier in the day. Today’s peak is the highest level prices have reached since last…
G7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: Report
“In light of the recent turmoil in the crypto-asset market, the G7 urges the FSB (Financial Stability Board)…to advance the swift development and implementation of consistent and comprehensive regulation,” the ministers wrote in a draft communique seen by Reuters Source
Lost SOL? Persistent challenges continue to impact Solana price
The past thirty days have been an extremely bearish time for cryptocurrencies. The sector’s aggregate market capitalization plunged 33% to $1.31 trillion and Solana’s (SOL) downfall has been even more brutal. Currently, SOL has seen a 50% correction and trades at $51. Solana/USD price at Coinbase (blue) vs. altcoin capitalization (orange). Source: TradingView The network aims to overcome the Ethereum blockchain’s scalability problem by incorporating a proof-of-history (PoH) mechanism into a proof-of-stake (PoS) blockchain. With PoH, Solana delegates a central node to determine a transaction time that the entire network…
Fed Vice Chair Pick and Ex-Ripple Adviser Tells Senators Crypto Needs Regulation
Michael Barr, a former Ripple adviser nominated by President Joe Biden to run the Federal Reserve’s oversight of the U.S. financial sector, sees cryptocurrency technology offering “some potential for upside and also some significant risks,” he said during a Senate hearing Thursday. While his time on the board of advisers at Ripple wasn’t raised during his opening testimony at a Senate Banking Committee hearing on his confirmation, Barr – now dean of the public policy arm of the University of Michigan Law School – was asked about his thoughts on…
How will GameFi and P2E blockchain gaming evolve in 2022? Report
Crypto gaming has grown in popularity as more players collect and trade digital assets, generating a dependable income for game developers and creating value for players. In a recently published report, Cointelegraph Research shows how Axie Infinity gamers in the Philippines were able to earn their regular monthly salary in 2020 simply by playing the game, at a time when measures to prevent the spread of the COVID-19 pandemic brought economic hardship to the country. Axie Infinity is a powerhouse of play-to-earn (P2E) blockchain gaming, not unlike Bitcoin’s (BTC) status…
Frances Haugen: Facebook Informer
That’s the core message of Frances Haugen, the former Facebook projects manager who, in September 2021, disclosed over 20,000 pages of documents that shed light on the darkest of online places. The evidence fueled the reporting of The Wall Street Journal’s “The Facebook Files,” which found the company, whose corporate name is now Meta (FB), “knows, in acute detail, that its platforms are riddled with flaws that cause harm, often in ways only the company fully understands.” Source