Month: September 2022

Collective of Wall Street Giants Roll Out a Cryptocurrency Exchange Soon

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  A number of Wall Street heavyweights, including Fidelity, Charles Schwab, and Citadel, will soon be launching a cryptocurrency exchange — EDX Markets. EDXM aims to be the “first-of-its-kind” among centralized crypto exchanges that processes trades through dependable intermediaries. It seeks to offer the best prices by combining liquidity from different market makers.  The global financial service company Charles Schwab, the market maker firms Citadel Securities and Virtu Financial, and the venture capital firms Paradigm and Sequoia Capital are among the companies that are backing EDXM. This list of companies…

Google’s $4B Fine May Threaten Web3 Protocols, Legal Expert Says

“Should a Web3 company develop an operating system, platform or aggregator, the Android ruling holds that pre-installing apps is likely illegal,” Schrepel, an associate professor of law at Amsterdam Law & Technology Institute in the Netherlands, said in a written interview – assuming, of course, that such a company had the fortune to grow so large as to dominate its market. Source

Ethereum’s Merge will affect more than just its blockchain

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As with many things in life, events are not siloed. When any type of event or action occurs, planned or unplanned, it causes changes and reactions to surrounding components. Think of a stone thrown into a pond creating ripples in the water while also altering the aquatic environment below the surface. This school of thought can also be applied to the Ethereum Merge.  The Ethereum blockchain, with its native coin Ether (ETH), is a pillar of the crypto asset industry — an industry that has become increasingly mainstream with each…

ETC Trading Below $40.00 Ahead of Thursday’s Merge Event – Market Updates Bitcoin News

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Ethereum classic rebounded on Wednesday, following three consecutive days of declines. The token dropped below $40.00 earlier this week, and continues to trade below this level ahead of tomorrow’s merge event. On the other hand, Solana remained lower, with prices falling by over 8% today. Ethereum Classic (ETC) Ethereum classic (ETC) rebounded on Wednesday, following three straight days of lower lows. Less than 24 hours before the start of The Merge, the token was marginally higher, bouncing from a key support point in the process. In the aftermath of the…

Solana (SOL) Heats Up 7% In Last 24 Hours As Helium Eyes Merge

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SOL, Solana’s native coin, has seen its value increase since the announcement of its impending merger with Helium. The developers of Helium came up with HIP 70, which aimed to relocate the entire Helium supply chain to Solana. Developers behind Helium have stated that increasing the network’s scalability, stability, and speed were the primary motivations behind the merger. According to a Medium post published by Solana on August 31, the company proposes migrating the Helium ecosystem from the L1 chain to its own “highly-scalable and fast blockchain,” which will allow…

Here’s How Equity Investors Can Play Ethereum’s Merge

Nevertheless, there are some potential plays in equity markets, crypto exchange Coinbase (COIN) among them, according to Wall Street analysts. “At current [ether] ETH price/staked ETH we estimate COIN could generate $250MM revenue and $60MM contribution profit annualized,” said investment bank Cowen’s analysts led by Stephen Glagola in a Sept. 12 research note. Source

Want to keep exchanges like Celsius from seizing your money? Be a ‘custody client’

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Disgraced cryptocurrency lender Celsius Network asked a court this month to return assets to its “custody clients,” but not to its “earn-and-borrow” customers. Wondering how to keep yourself in the former group when the crypto exchange you’re using goes under? Here’s a summary. What exactly is a “custody client?” It’s similar in principle to a savings account with a traditional bank — often repayable upon demand by the custodian. In this case, it’s Celsius that has a fiduciary responsibility. This type of account is kept separate from an “earn-and-borrow” account.…

Influence Bitcoin Mining Profitability, Now market Conditions Are Getting Worse

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Influence Bitcoin Mining Profitability, Now market Conditions Are Getting Worse.. #bitcoin #crypto #cryptocurrency #cryptocurrencies #cryptotrading #cryptocurrencynews #bitcoinnews #bitcoincash #bitcointrading #bitcoinprice #bitcointoday #bitcoinanalysis #investment #investing ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version