As Bellatrix Activated, Ethereum protocol developer Preston Van Loon joined CoinDesk TV’s “First Mover,” to discuss the Merge and what it could mean for users and developers. Source
What the Merge Could Mean for Ethereum and Its Developers
Day: September 6, 2022
Bitcoin ‘bear flag’ breakdown targets $15K as US dollar hits 20-year high
On Sept. 6, Bitcoin (BTC) price crumbled below $20,000 and the asset looks ready to undergo further decline in September due to a strong U.S. dollar and an ominous technical analysis pattern. Bitcoin eyes $15,000 next From a technical perspective, Bitcoin risks dropping to $15,000 or below in the coming weeks after breaking out of its prevailing “bear flag” pattern. For the unversed, bear flags form when the price consolidates higher inside a parallel, ascending range after a strong downtrend. They typically resolve after the price breaks below the lower…
Crypto Setting Up For Squeeze, Will BTC Price Get In The Way?
Bitcoin is showing weakness as BTC price trades in a tight range, the number one crypto by market cap saw a small uptick in volatility during today’s trading session. However, the price action was smothered by poor performance in traditional equities. At the time of writing, BTC price trades at $19,00 with a 4% loss in the last 24 hours and a 3% loss over the past week. As Bitcoin trends lower into support, the momentum indicator follows suggesting there is little conviction to resume bullish momentum. BTC’s price trends…
Long-Term Holder Supply Surges Up To Near ATH
Data shows the Bitcoin long-term holder supply has surged up recently to near all-time high values as these “diamond hands” add to their holdings. Bitcoin Long-Term Holder Supply Jumps Up By 250k BTC After The Recent Low According to the latest weekly report from Glassnode, the current total balances of the long-term holders is only 30k away from the ATH. The “long-term holders” (or LTHs in short) is a Bitcoin holder group that includes all those investors who have been holding onto their coins since at least 155 days ago,…
Argentine Freemasons want to put NFTs to philanthropic work
The Argentine Grand Lodge of Free and Accepted Masons is jumping into nonfungible tokens (NFTs), but with a philanthropic twist. The secretive society is releasing 77 digital art NFTs under the name CryptoMasons, with profits going back to local charities supported by the chapter. According to the announcement, it is the first official NFT project supported by a local Grand Lodge. A Masonic Grand Lodge is the governing entity of a given fraternal freemasons group in a specific region. While this project comes from an Argentinian branch, there are hundreds…
Coinbase Earnings Miss Estimates
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase President and Chief Operating Officer Emilie Choi joins Emily Chang to discuss their earnings results, the impact of their partnership with BlackRock on their stock, institutional sentiment in crypto, and their intensifying scrutiny by the SEC. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Comisión de valores brasileña prohíbe al exchange Bybit comercializar derivados
“Bybit está tomando medidas para asegurarse de que comprende plenamente los requisitos y las exigencias del regulador sobre nuestras ofertas de negociación de derivados. Responderemos en consecuencia, con el objetivo de resolver el asunto de forma amistosa en el mejor interés de todas las partes”, dijo la compañía en un comunicado enviado a CoinDesk. Source
Russian gov’t working on stablecoin settlement platform between friendly nations: State media
Russia’s Finance Ministry has reportedly begun working with the governments of “friendly” nations to establish a cross-border stablecoin-based payments platform. According to a Tuesday report from Russia state-owned news agency TASS, Deputy Finance Minister Alexey Moiseev said the government was looking to create the settlement platform to avoid the use of U.S. dollars and euros. The finance minister reportedly said the Russian government would need to impose additional regulations to enact the platform between itself and friendly nations — possibly including China, Belarus and North Korea. “We offer mutually acceptable…
Ethereum Implements Bellatrix — Network’s Upcoming Paris Upgrade to Trigger The Merge, Validator Block Production – Technology Bitcoin News
The blockchain network Ethereum has officially activated the Bellatrix upgrade, the final change before The Merge, the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoS). Bellatrix was successfully codified into the codebase at epoch 144,896 on the Beacon chain and Ethereum co-founder Vitalik Buterin detailed it was important for network participants to update their clients. From Bellatrix to Paris — Ethereum Participants Get Ready for the Final Step of the Merge The Merge is estimated to take place on September 13, 2022, according to the wenmerge.com countdown, which notes…
UK’s New PM Truss Picks Kwasi Kwarteng to Be Finance Minister
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