Over the next three years, survey participants expect inflation to decrease to 3.2%, largely because of tumbling gas prices, which respondents see increasing by only 1.5% over the next year. Over a five-year period, Americans see inflation running at 2.3%, which would be slightly above the Fed’s target, or neutral rate, of 2%. Source
“Soon after our launch six months ago, we saw big name startups like [non-fungible token] marketplace OpenSea organically sign up for our product,” Khanna said. He said Cashmere’s clients also include crypto hedge funds, NFT projects and gaming companies. Source
The Coinbase drama, which started at the end of July, continues with new developments. Last week, former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court. Wahi was arrested during his attempt to board a flight from the United States to India in May and accused of insider trading. While the Wahis are central to two separate court cases, another two lawsuits appeared last week against the San-Francisco-based crypto exchange. Legal firm…
After the completion of two testnets ahead of the event – now expected the week of Sept. 19 – that will take the Ethereum blockchain from a proof-of-work system to a proof-of-stake consensus mechanism, ether’s price jumped 70% in July. It is currently trading at about $1,780. As comparison, bitcoin (BTC) rose 27% in July, while SOL, the token of the Solana system, gained 38%. Source
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For now, all we can note is that the cost to use Ethereum today is approaching the average price during bear markets. If that means post-Merge Ethereum will be as deflationary as it is today (that’s to say, sporadically, based on demand), then so be it. But now is as good a time to buy a CryptoKittie, if you were priced out last time. Source
Mere hours after the Nomad token bridge published an Ethereum wallet address last week for the return of funds following a $190 million hack, whitehat hackers have since returned approximately $32.6 million worth of funds. The vast majority of funds consisted of stablecoins USD Coin (USDC), Tether (USDT) and Frax, along with altcoins. According to research published by Paul Hoffman of BestBrokers, the vulnerability of the Nomad protocol was highlighted in Nomad’s recent audit by Quantstamp on June 6 and was deemed “Low Risk.” As soon as the exploit was…
Data released by Glassnode suggests Bitcoin long-term holder behavior has shifted from accumulation to distribution recently. Bitcoin Long-Term Holders Have Shed 222k Coins Off Their Stack Since May As per a new report from Glassnode, the BTC long-term holders have been spending up to 47k BTC per month in recent days. The “long-term holders” (or LTH in short) refer to the cohort of Bitcoin investors that have been holding onto their coins since at least 155 days ago, without selling or moving them. The “LTH net position change” is an…
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The founder and former chief executive of smart contract platform Tron (TRX) is reportedly saying that his crypto exchange will support all future forked Ethereum (ETH) tokens. According to a new report by Bloomberg, Sun says that Poloniex, a crypto exchange he heavily backed in 2019, will list any proof of work versions of Ethereum following The Merge. “Proof-of-work is essential to Ethereum [because it is very reliable]. For [a] proof-of-stake smart platform, we have Tron.” Sun is referring to Ethereum’s upcoming merge to its Beacon Chain and transition to…