Ethereum’s developers are realizing censorship is not a problem that can just be coded away. This piece is originally from Valid Points, CoinDesk’s weekly newsletter, breaking down Ethereum’s evolution and its impact on crypto markets. Source
The Ethereum Merge is slated for Sept. 15, which will see the Ethereum blockchain move from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge is being touted as one of the biggest upgrades for the Ethereum blockchain as it would help the network move to a more energy-efficient way of verifying transactions and eliminate PoW mining completely. With the Merge date approaching, Ether (ETH) miner’s balance has touched a new four-year high. According to Oklink data, the balance of Ethereum miner addresses exceeded 260,000 ETH with a total of 261,848…
The court drama behind the acquisition of South Korean crypto exchange Bithumb has been going on for several years, but in an unexpected development, a Singapore court has made a ruling against Kim Byung-gun, who has originally accused the owner of Bithumb, Lee Jung-hoon, in defrauding him. According to the South Korean publication Aju Daily, on Aug. 26, after three years of proceedings, a court in Singapore found Kim guilty of selling BXA coins without the permission of his partner Lee and ordered him to return the proceeds gained from…
The combined market capitalization of the two largest stablecoins, tether (USDT) and USD Coin (USDC), has begun to fall again, a sign that quantitative tightening in the crypto financial system has resumed, Morgan Stanley (MS) said in a research report Tuesday. Source
press release PRESS RELEASE. London, The UK, August 31st – Reef, a layer 1 Substrate based blockchain for DeFi, NFTs, and gaming, announced today its highly anticipated Reef Card is now available for people in the United Kingdom and Europe. Reef has been working with Baanx, an experienced partner for revolutionary web3 financial solutions, to create and produce Reef Card. Reef Card, powered by Baanx, is part of the MasterCard crypto debit line. Due to covid, and material production delays, the card was put on hold until this year. Now…
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Bitcoin’s (BTC) price may climb by more than 50% in September, a month otherwise considered ominous for the cryptocurrency due to its poor historical returns. BTC price double-bottom and then to $30K? The conflicting upside signal comes from a potential double-bottom pattern on Bitcoin’s longer-timeframe charts against the United States dollar. Double-bottoms are bullish reversal patterns that resemble the letter W due to two lows and a change in direction from downside to upside. Double-bottom illustrated. Source: ThinkMarkets Bitcoin’s decline below $20,000 in July, followed by a sharp recovery toward $25,000…
The United States Federal Bureau of Investigation (FBI) has issued a public service announcement about exploits attackers have recently used to steal cryptocurrency from investors that put money on decentralized finance (defi) platforms. The organization also advised crypto investors to do their own research and verify that the decentralized finance platforms chosen were audited by independent parties. Defi Platforms Under the Eye of the FBI The FBI has begun to notice the attention scammers are giving to decentralized finance (defi) platforms in order to exploit their operations. The…
The crypto market started climbing downhill after the Federal Reserve August 26 meeting many coins plummeted, including the top two, Bitcoin and Ethereum. As of August 28 and 29, ETH was losing and trading in the reds. But it seems everything is bouncing back to normal. Ethereum started an uphill climb at the close of the market on August 29. The coin recorded an intraday high of $1,556.31 and closed the market at $`1,553,04. The lowest point on August 29 was $1,427.73. At the time of writing, stands at $1,571.…
An NFT is a unique digital token on a blockchain that may be tied to a physical asset such as art. To succeed, however, a government-issued NFT would need to encompass both utility and community, according to industry experts, who said the NFTs could give holders access to events or even a moment with the queen. Original Source ExpertsNFTPerksRangeSucceed CryptoX Portal