Day: September 5, 2022

Ethereum’s Merge Starts to Hit Gaming Chip Prices

“Gaming is growing, workstation is growing, AI hyperscale data center is growing, high-performance computing is growing. Quite frankly, I’d prefer that our GPUs were built to be used in those areas,” he was quoted as saying at the company’s annual technology conference in 2018. “My preference would be, of course, that we allocate them for the people we build them for, but there’s a logical reason for why [they use] Nvidia GPUs, because it’s the world’s largest distributed supercomputer.” Source

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Ethereum gone wrong? Here are 3 signs to keep an eye on during the Merge

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The assumption that Ethereum will just transition to a fully functional proof-of-stake (PoS) network after the Merge somewhat ignores the risk and effort necessary to move an asset that has a $193 billion market capitalization and 400 decentralized applications (DApps). That is precisely why monitoring vital network conditions is essential for anyone willing to trade the event which is scheduled for Sept. 14, according to ethernodes.org. More importantly, traders should be prepared to detect any alarming developments in case things go wrong. Apart from the $34.2 billion in total value…

Binance to temporarily suspend ETH and WETH deposits and withdrawals ahead of the Merge

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Cryptocurrency exchange Binance announced Monday that it plans to halt all deposits and withdrawals of Ethereum (ETH) and Wrapped Ethereum (WETH) on selected networks, starting September 6th at 2 am (UTC) in anticipation of Ethereum’s Merge event. #Binance will suspend deposits and withdrawals for Ether $ETH and Wrapped Ether $WETH on the following networks starting from September 6, 2022 at 02:00am UTC. ETH (Arbitrum) ETH (OP) WETH (RON) — Binance (@binance) September 5, 2022 In the announcement, the company shared a list of tokens and networks that will be impacted…

Bitcoiner sentenced to federal prison warns users involved in OTC trading

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Mark Alexander Hopkins, also known by the moniker ‘Doctor Bitcoin’ or their handle Rizzn, has claimed that “transacting Bitcoin p2p is a federal crime” after announcing the sentence in their case to social media followers. In a Sunday Twitter thread, Hopkins said that they were facing between 6 to 15 months at a federal correctional institution in Texas following a guilty plea for allegedly operating a crypto business without the necessary licensing. According to Rizzn, the U.S. Financial Crimes Enforcement Network, or FinCEN, used a 2019 interpretation of a law…

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Russia Shuts off Europe’s Main Gas Pipeline Until the West’s Sanctions Are Lifted, Iran Tempts EU With Similar Deal – Economics Bitcoin News

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Russia has seemingly drawn a line in the sand and will not turn on Europe’s main gas pipeline until the “collective West” lifts the financial sanctions against the country. The move follows the Nord Stream 1 pipeline allegedly shutting down for “maintenance,” but reports from Interfax that followed five days later indicate Moscow will not be turning the gas back on until demands are met. Putin’s Spokesperson Says Nord Stream 1 Pumping Problem Due to the Collective West’s Sanctions While it was said Russia’s state-run Gazprom was having “technical difficulties”…

Crypto App Targeting Malware, Sharkbot Resurfaces On Google App Store

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The SharkBot malware family was discovered in October last year and has since evolved with new ways to hack into users’ Android-based crypto and bank apps. In addition, a freshly improved version of malware-targeting banking and crypto software has just emerged on the Google Play market, now with the ability to collect cookies from account logins and circumvent biometric or authentication constraints. On Friday, malware analyst Alberto Segura and treatment intelligence analyst Mike Stokkel warned about the most recent version of the virus on their Twitter accounts, along with a…

Crypto miner Poolin pauses BTC and ETH withdrawals, citing ‘liquidity problems’

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Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.” In a Monday announcement, Poolin said its wallet service was “facing some liquidity problems due to recent increasing demands on withdrawals” and planned to temporarily stop payouts of Bitcoin (BTC) and Ether (ETH). In its Telegram channel, Poolin support told users it was “hard to name a specific date” on which it would resume normal service, but hinted it could be…