Month: August 2022

Binance to suspend ETH and ERC-20 deposits and withdrawals during Merge

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Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the blockchain’s transition to its proof-of-stake (PoS) Beacon chain in September. The world’s largest exchange by transaction volume announced the move in a bid to provide stability during ‘The Merge’ which is touted to take place in mid-September 2022. Binance becomes the second major exchange to announce the suspension of ETH deposits and withdrawals, following Coinbase earlier in August 2022. According to an announcement from Binance, the exchange is timing suspensions with two important upgrades…

Is Bitcoin Still a Good Investment In 2022??

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, I’m going to talk about the future of Bitcoin and whether or not it’s still a good investment for the long term. Hey, in this video I’m going to be talking about something that’s been on a lot of people’s minds lately- Bitcoin. A lot of people are wondering if it’s still a good investment and whether or not it will hold its value in the long run. So let’s take a closer look at what’s going on with…

Thai Energy Billionaire Turns to Crypto to Boost Growth: Report

The decision comes as Thailand’s retail trader market is dwindling. Data from the country’s Securities and Exchange Commission cited by Bloomberg showed the number of active trading accounts fell to 260,000 in July from 692,000 in January, coinciding with a fall in crypto prices. Bitcoin (BTC) is now 69% lower than its record high, with ether (ETH) and other major cryptocurrencies such as solana (SOL) registering declines of as much as 86%, CoinGecko data shows. Source

Ethereum dev addresses node centralization concerns in runup to the Merge

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Ethereum is a few weeks away from officially moving to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The transition officially dubbed the Merge is slated for Sept. 15, but in the run-up to the major upgrade, Ethereum node centralization has become a hot topic. As Cointelegraph reported last week, the majority of 4,653 active Ethereum nodes are being run through centralized web providers like Amazon Web Services (AWS), which experts believe could expose the Ethereum blockchain to the central point of failure post Merge. Distribution of…

South African Cryptocurrency Ownership Rate at 10% — Report – Featured Bitcoin News

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With a cryptocurrency ownership rate of 10%, or four million people, South Africa “ranks 18th out of 26 countries for crypto adoption,” the latest Finder’s report has said. The report also noted that South Africa’s proportion of crypto owners holding bitcoin, 52%, is the third highest out of 26 countries. Just Over Half Own BTC According to Finder’s crypto adoption trends report for August 2022, about four million people, or 10% of South Africans, are cryptocurrency holders. With this crypto ownership rate, South Africa is ranked eighteenth out of twenty-six…

202MW of Bitcoin Mining Shut Down

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Kazakh Authorities Bust 202MW of Illegal Crypto Mines The Central Asian country has struggled to meet electricity demand, particularly after miners flocked there from China. Join this channel to get access to perks: Affiliate Links Amazon: HiveOS: Trezor: Cryptocom: CashApp: PrimeXBT: sonofatech.com/primexbt Parallel Miner: Coinbase: Twitter Facebook Instagram #cryptomining #cryptominingmorning #cryptominingmorningshow ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin price taps $21.3K ahead of Fed Chair Powell Jackson Hole speech

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Bitcoin (BTC) fell to daily lows on Aug. 26 as market nerves heightened into new macro triggers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Pre-Fed blues hit BTC markets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $21,332 on Bitstamp ahead of fresh commentary from Jerome Powell, Chair of the United States Federal Reserve. Part of the Fed’s Jackson Hole annual symposium, Powell was set to deliver a speech on the day that spectators hoped would provide new cues on economic policy going forward. With U.S. Consumer…

Afghanistan’s Taliban Government Shuts 16 Crypto Exchanges

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Afghanistan’s Taliban government is cracking down on the local cryptocurrency industry as it closed at least 16 exchanges operating from the country’s western Herat province. However, the names of the shuttered exchanges were not revealed. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. As reported by Ariana News, the crackdown came in response to the cryptocurrency trading ban imposed by the new Taliban government before three months. “Da Afghanistan’s Bank (central bank)…