Day: September 12, 2022

64% of staked ETH controlled by five entities — Nansen

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A report from blockchain analytics platform Nansen highlights five entities that hold 64% of staked Ether (ETH) ahead of Ethereum’s highly anticipated Merge with the Beacon chain. Ethereum’s shift from proof-of-work to proof-of-stake is set to take place in the coming days after final updates and shadow forks were completed in early September. The key component of The Merge sees miners no longer used as validators, replaced by stakers that commit ETH to maintain the network. Nansen’s report highlights that just over 11% of the total circulating ETH is staked, with…

Starbucks to Offer NFT-Based Loyalty Program Using Polygon’s Blockchain Technology

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Bitcoin proponent claims PoS rewards aren’t ‘yields,’ Vitalik snaps back

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Independent developer and Bitcoin proponent Udi Wertheimer created quite a buzz on Crypto Twitter earlier on Monday after he claimed that a proof-of-stake (PoS) based yield reward system for staking is more of a penalty for non-stakers. Wertheimer, who is a well-known Ethereum critic, believes that the PoS staking reward system isn’t exactly a yield reward. In PoS staking, a user cannot do anything with their staked ETH, while those who don’t stake their tokens and participate in other network activities aren’t rewarded. With thEthereum Merge just a couple of…

Cardano Remains Bullish Ahead Of Vasil’s Hard Fork, Can Price Go To $1?

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Cardano (ADA) forms bullish sentiments against tether (USDT) as the price of Cardano (ADA) aims to go higher with an imminent breakout above the current resistance. The price of Bitcoin (BTC) showed great strength after closing the weekly candle on a high, with the price holding above $21,700 for the first time in weeks. This has influenced most crypto assets, including Cardano (ADA), as the price aims to break out. (Data from Binance) Cardano (ADA) Price Analysis On The Weekly Chart  Weekly ADA Price Chart | Source: ADAUSDT On Tradingview.com…

BTC Extends Gains, ETH Consolidates Ahead of The Merge – Market Updates Bitcoin News

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After rising to a multi-week high over the weekend, ethereum consolidated on Monday, as market uncertainty increased ahead of tomorrow’s Merge. The token, which continues to trade above $1,700, fell from Sunday’s high, as bulls likely liquidated previous positions. Bitcoin remained higher, rising for a sixth straight session. Bitcoin Bitcoin (BTC) rose for a sixth straight session to start the week, as sentiment in cryptocurrency markets remained mostly bullish. BTC/USD rose to a high of $22,244.38 earlier in today’s session, less than 24 hours after trading at a low of…

Bitcoin: Will El Salvador's big crypto gamble pay off? – BBC News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The falling value of Bitcoin is affecting investors all over the world. It’s putting increased pressure on the Central American state of El Salvador, which nine months ago made cryptocurrency legal tender. As legal tender it should be accepted in all shops, you can now buy almost anything in Bitcoin, from pizza to real estate. The government has encouraged people to use Bitcoin by giving $30 to each person who signs up for a government-sponsored Bitcoin wallet – and offering treatment for…

Ether Lags Bitcoin As Ethereum Merge Nears. Here is Why?

“With the ETH/BTC ratio trading back to previous highs, some have started to unwind their long ETH/short BTC trade and this has caused a +10% rally in BTC. Beta adjusted, bitcoin has outperformed ether during the last week,” Markus Thielen, chief investment officer at British Virgin Islands-based IDEG Asset Management (IDEG), said in an email. Source

Bank of America Says the Ethereum Blockchain’s Upgrade May Lead to Greater Institutional Adoption of Ether

A decentralized insurance protocol such as Nexus Mutual needs to generate a return on its reserves to allow it to become a feasible alternative to traditional insurance companies, the bank said. Insurance companies normally invest their reserves in corporate and government debt, but instruments with similar risk and reward characteristics are difficult to find in the digital asset ecosystem. Staking on Ethereum may be the closest alternative, it added. Source link

Ford Files 19 Trademark Applications Preparing a Possible Metaverse Push – Metaverse Bitcoin News

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Leading automotive company Ford has filed 19 trademark applications related to possible metaverse activities. In the documents, the company hints at the potential launch of Ford-branded NFTs (non-fungible tokens) on its own marketplace, and also refers to the offering of virtual models of its cars, including Mustang, Mustang Mach-E, and the Bronco. Ford Hints at Metaverse Move Ford, one of the biggest U.S.-based automotive brands by sales, has introduced several trademark applications to the U.S. Patent and Trademark Office (USPTO), preparing for a potential push into the metaverse.…