Month: July 2022

Ethereum’s Merge Event has a New September Launch Date – Blockchain News, Opinion, TV and Jobs

Ethereum’s Merge event has a new launch date. Members of the Ethereum community have decided on a new date for the blockchain’s long-awaited Merge. Finalising the summer with a bang, the network is expected to Merge on September 19, from its current state as a proof-of-work (PoW) to an energy-efficient proof-of-stake (PoS) network. The new date annoucement caused Ethereum to shoot up by 40% over the weekend, making it jump to a 10-day high, trading at 1.516,25 USD, on Monday afternoon CET. Beacon Chain community manager superphiz.eth tweeted,…

Web3 dominates venture capital interest in blockchain industry in Q2 2022

Cointelegraph Research brings an analysis of all the deals and trends from venture capital (VC) in the blockchain industry during the second quarter of 2022. When looking at the aggregate total amount invested into the crypto industry in the second quarter, it will tell one story. However, a deeper dive into the data tells another tale. From a high level, the $14.67 billion invested in Q2 is about flat with the $14.66 invested in Q1. But, the largest chunk of that investment was in April, before the last two months…

Ethereum Soars 27%, Why Its Next Target Is $1,700

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The crypto market has returned to the green with Ethereum (ETH) leading the recovery. The second crypto by market cap has seen bullish momentum on the back of a potential full transition to a Proof-of-Stake (PoS) consensus. The date for this event was announced two days ago. Related Reading | TA: Ethereum Outpaces Bitcoin, Why ETH Could Rise To $1,500 This process will be completed with “The Merge”, an event set for September 19, 2022, with the objective of combining Ethereum’s execution layer with its consensus layer. ETH core developers have…

Bitcoin Turns Bullish, Attempts to Reclaim the 200 Week MA Ahead of Inflation Data from EU, UK, Canada, Japan This Week

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Summary: Bitcoin has gained value from roughly $21.3k during the weekly close to a local high of $22.5k. Bitcoin is trading directly below the critical 200-week moving average, which has marked market bottoms in past bear markets. BTC gaining in the crypto markets comes at a time when the United States posted its highest inflation in 40 years at 9.1%. New Zealand has also announced record-breaking inflation, with the EU, UK, Canada, and Japan expected to announce their CPI this week. Bitcoin has had an eventful 24 hours, having broken…

Borrowing USDC with LDO: A Guide

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Fringe Finance, an all-new and inclusive DeFi lending platform, saw the integration of $LDO as a collateral type into its Primary Lending Platform (PLP). With Fringe’s PLP, borrowers can take out $USDC loans against their altcoins. Now $LDO holders will get access to stablecoin loans and will be able to unlock part of the value of their positions without selling their tokens. Below, we’ve prepared a short tutorial on borrowing $USDC with LDO tokens.   How do $USDC Loans work? Through Fringe Finance, you can take out instant $USDC overcollateralized…

Christie’s launches venture fund aimed at Web3 and blockchain investments

Christie’s, the auction house known for its sales of art and luxury items, has launched an investment fund to support emerging companies with technology enabling “seamless consumption of art.” In a Monday announcement, the auction company said the fund, Christie’s Ventures, will financially support firms in Web3, “art related financial products and solutions,” and technology related to art and luxury goods. According to Christie’s, its first investment will be in LayerZero Labs, a company developing solutions for enabling omnichain decentralized applications, allowing a more seamless transfer of assets between blockchains.…

MATIC Climbs 20% to Hit 2-Month High, as AVAX Nears 6-Week Peak – Market Updates Bitcoin News

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Polygon was up by nearly 20% to start the week, as the token rallied to its highest level since May. Today’s surge comes as crypto markets were mostly in the green, with avalanche also hitting multi-week highs, and as of writing, is up by over 10% on the day. Polygon (MATIC) Polygon (MATIC) was one of the most notable gainers in crypto markets on Monday, as prices rose by nearly 20%. Following a low of $0.7464 on Sunday, MATIC/USD raced to an intraday high of $0.9269 to start the week.…