Day: June 9, 2022

This key Ethereum price metric shows ETH traders aren’t as bearish as they appear

Ether (ETH) is down 25% in just a month and even the recent upgrade to a proof-of-stake (PoS) consensus on the Ropsten testnet failed to move the altcoin’s price.  The merge is meant to address energy-use issues and open a path for higher transaction output, but the actual full transition for the Ethereum network is not expected until later in the year. Ethereum developer Parithosh Jayanthi also noted that some bugs on the PoS implementation emerged, but those should be fixed over the coming weeks. Luckily for Ethereum, two of…

Goblintown, the Latest NFT That Has Taken Over NFT Marketplaces

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The Goblintown NFT project is an NFT collection that was launched on May 22. After its launch, many have wondered who is behind the project and its rapid rise to stardom in the crypto world. With its floor price at 5.75 ETH at the time of writing, speculations have been on why the NFT keeps increasing when the prices of blue-chip NFTs are struggling.  According to data from Cryptoslam, Goblintown is one of the most traded NFTs in the past 30 days, with a trading volume of over $45 million since its…

Tether is ‘instrument of freedom’ and ‘Bitcoin onramp,’ says Bitfinex CTO

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On a sun-splashed day in the Swiss Alps, the chief technology officer of Bitfinex and Tether, Paolo Ardoino, shed light on the Plan B Lugano strategy, Tether as an onramp into Bitcoin (BTC) and —crucially — his favorite pizza toppings.  Fresh off the plane from Norway, where Ardoino attended an increasingly Bitcoiner-friendly event, the Oslo Freedom Forum, the Italian explained that, in contrast to the WEF,there was no “shilling” in Norway. Tether was invited to speak at the Oslo Freedom Forum as the stablecoin is increasingly considered an “instrument of…

GSR's Rich Rosenblum on the future of the cryptocurrency world

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Rich Rosenblum, Co-Founder and Co-Head of Trading at GSR, joins Worldwide Exchange to discuss Bitcoin and the broader cryptocurrency world. Subscribe to CNBC PRO for access to investor and analyst insights on crypto and more: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is…

PayPal to Allow Users to Transfer Crypto Externally as It Expands Its Crypto Offering

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One of the world’s leading payment powerhouses, PayPal, recently announced that it would allow users to transfer crypto from their PayPal accounts to external wallets or exchanges. The company’s new offering, Crypto Push, is a response to increasing customer demand for cryptocurrency transfers.  In a press release, Jose Fernandez da Ponte, the SVP and general manager of blockchain, crypto, and digital currencies at PayPal, said, “We are thrilled to announce that starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges. Users have…

Circle’s Disparte Calls CBDCs ‘a Preposterous Idea’ in Digital Dollar Debate

Those differences were on full display in the panel discussion at Consensus 2022 on whether the U.S. Federal Reserve should issue a digital dollar or leave such innovation to the private sector. Dante Disparte, head of policy for stablecoin issuer Circle Internet Financial, called central bank digital currencies (CBDC) a “preposterous idea.” However, Grey warned private-sector efforts at creating a widely usable form of money would put the taxpayer on the hook if those efforts failed. Source

Anonymous hacker served with restraining order via NFT

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Law firms Holland & Knight and Bluestone have served a defendant in a hacking case with a temporary restraining order through a nonfungible token, marking the first known legal process to be facilitated by an NFT. The so-called “service token” or “service NFT” was served to an unnamed defendant in a hacking case involving LCX, a Liechtenstein-based cryptocurrency exchange that was hacked in January for almost $8 million. As Cointelegraph reported at the time, the attack compromised the platform’s hot wallets, resulting in the loss of Ether (ETH), USD Coin…

Exchange Reserves Hit New 4-Year Lows

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On-chain data shows Bitcoin exchange reserves have now reached new 4-year lows, a sign that could prove to be bullish for the crypto’s price. Bitcoin Exchange Reserve Has Sunk Down Further Recently As pointed out by an analyst in a CryptoQuant post, the BTC exchange reserve has been going down, suggesting buying has been going in the market. The “all exchanges reserve” is an indicator that measures the total amount of Bitcoin currently stored in wallets of all centralized exchanges. When the value of this metric goes up, it means…

Crypto News Today | Cryptocurrency Latest Updates Hindi | Crypto Bill | XRP Kishu Inu, Shiba Inu

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency News Today: Crypto पर एक Latest Update आ रहा है. India में Crypto Investors ने Crypto Trading Apps (WazirX, CoinDCX, CoinSwitch Kuber) के जरिए करोड़ो रुपए Best Crypto Coins (Bitcoin, Ethereum, Sand, Solana, Shiba Inu Coin, Dogecoin, Kishu Inu) में Invest किए हुए हैं. लेकिन अब Crypto Investors को सावधान रहने की जरूरत है. एक तरफ तो New Crypto Bill 2022 की News की वजह से Crypto Investors परेशान हैं, Crypto Market Down है. दूसरी तरफ आजकल बड़े Crypto Fraud Racket…