Day: August 9, 2022

Circle plans to only support Ethereum PoS chain after Merge is complete

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On Tuesday, Circle, the issuer of the USD Coin (USDC) stablecoin, pledged its full support for the transition of Ethereum to a proof-of-stake, or PoS, blockchain after the much-anticipated Merge upgrade. The firm views the Merge as an important milestone in the scaling of the Ethereum ecosystem, writing: “USDC has become a core building block for Ethereum DeFi innovation. It has facilitated the adoption of L2 solutions and helped broaden the set of use cases that today rely on Ethereum’s vast suite of capabilities. We understand the responsibility we have…

Bitcoin Prices Pull Back Ahead of US Inflation Report

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●Bitcoin (BTC): $23,100 −3.5% ●Ether (ETH): $1,692 −5.3% ●S&P 500 daily close: 4,122.47 −0.4% ●Gold: $1,811 per troy ounce +1.3% ●Ten-year Treasury yield daily close: 2.80% +0.03 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Original

Cryptocurrency markets CRASH; Bitcoin at $28,500, Terra Luna down 95%

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🪙क्या फूट गया #Crypto बबल? 🔸निवेशकों में मचा कोहराम 🔸क्या क्रिप्टो से भरोसा उठ गया? 🔸क्रिप्टो में गिरावट की वजह? देखिए #AapkiKhabarAapkaFayda की ये खास रिपोर्ट @AnchorDeepak_ | #Bitcoin | #Cryptocrash | #cryptocurrecy Zee Business is India’s Number 1 Hindi business news channel. It’s your channel for profit and wealth. Watch Live coverage of Indian markets – Sensex & Nifty, also for expert insights and advise from our team of experts. ————————————————————– You can also visit us at: Like us on Facebook:…

Coinbase Shares Drop as Crypto Winter Takes Toll on Exchange’s Trading Volume

CryptoX – Cryptocurrency Analysis and News Portal “While we do not take a decline in trading volume market share lightly, the shift in Q2 trading volume to high volume retail traders, market makers, and high-frequency trading firms did not translate into a corresponding revenue impact for Coinbase, as these customers trade high volumes but generate low fees,” the company said. Source The post Coinbase Shares Drop as Crypto Winter Takes Toll on Exchange’s Trading Volume appeared first on CryptoX. CryptoX Portal

Anonymous user sends ETH from Tornado Cash to prominent figures following sanctions

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On Tuesday, one day after the U.S. Treasury sanctioned cryptocurrency mixer Tornado Cash for its alleged role in cryptocurrency money laundering operations, intervals of 0.1 Ether (ETH) transactions began materializing from the smart contract to prominent figures such as Coinbase CEO Brian Armstrong and American television host Jimmy Fallon. It is not possible to trace the source of the transactions per Tornado Cash design, and as a result, either one individual or multiple individuals or entities could be involved in the operation. Notable individuals/companies who just received funds from a government-sanctioned entity: –…

TA- My Neighbor Alice Could Be Set For A Major Bounce

The price of My Neighbor Alice (ALICE) could be set for a major bounce against Tether (USDT) and to hit $5.  Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like My Neighbor Alice bouncing off from their weekly lows. (Data feeds from Binance) Price Analysis Of ALICE On The Weekly Chart Weekly Price Chart Analysis For ALICE | Source: ALICEUSDT On Tradingview.com From the chart, the price of ALICE saw a weekly low of around $1.9, which bounced from that…

Total value locked in DeFi dropped by 66%, but multiple metrics reflect steady growth

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The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the current $70 billion, which is the lowest level since March 2021. While this 66% contraction is worrying, a great deal of data suggests that the decentralized finance (DeFi) sector is resilient. The issue with using TVL as a broad metric is the lack of detail that is not shown. For example, the number of DeFi transactions, growth of layer-2 scaling…